Welding Consumables Market Exclusive Analysis 2021, Industry Reach New Opportunity and Advance Innovation

Welding is a process of joining metals and thermoplastics by the process of coalescence. It is often preferred process whenever joints are required, since it is effective and economical. Flux is commonly used to produce a shield of gas around the weld pool, in order to prevent oxidation pool of the hot metals. Flux and filler metals are called welding consumables where they melt while joining two metals, in order to form a strong joint and protect molten weld from atmospheric containments. There are different types of consumables such as stick electrodes, flux-cored wires, SAW wires & fluxes, and more.

Welding is one of the essential processes used in construction and automobile industry where different types of welding such as arc welding, laser beam welding, friction welding, resistance welding, and ultrasonic welding are used. These welding technologies are used to join metals permanently. Moreover, welding used in repair and maintenance of automobiles, which has increase the demand for welding consumables. Industrialization and rapid urbanization have increased the demand for welding consumables. Thus, rampant growth of construction and automobile industry is expected to drive the market growth over the forecast period.

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What are the growth estimates for welding consumables market till 2027?
The global welding consumables market is estimated to reach US$ 21,185.5 million by 2027.

Which are the prominent welding consumables market players across the globe?
Major players operating in the global welding consumables market include voestalpine AG, Arcon Welding Equipment, Colfax Corporation, Kemppi Oy, The Lincoln Electric Company, Tianjin Bridge Welding Materials Co., Ltd., Air Liquide, Fronius International GmbH, Hyundai Welding Co., Ltd., Denyo Co., Ltd., Obara Corporation, Illinois Tool Works Inc., and Panasonic Corporation.

What are the key factors driving growth of the welding consumables market?
High growth of automobile and construction industry is one of the major factors that is expected to propel growth of the market over the forecast period.

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