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Massive Growth Report on Welding Materials Market with Major Key Player:Praxair Incorporated, ESAB, Air Liquide S.A.
welding materials market
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One of the latest trends in the global welding materials market is the use of new materials, which results in reduced weight of the overall finished products. This will drive the welding materials market. The manufacturing of new welding equipment and materials will push the growth of this market. On the other hand, the use of welding products can pose safety and health issues among operators and this will restrict the growth of the market as regulatory bodies impose restriction on their use. The American National Standards (ANSI) has stated that welding can be a potential threat for operators as it may cause injury and illness.
The market is characterized by the supremacy of large players. As this market is capital intensive, new entrants and local vendors face a tough challenge surviving in the market. Large players offer quality, functionality, and good services and give competition to local players.
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