United States Welding Consumables Market Destined to Reach US$ 3.6 Billion (CAGR of 3.42%) During 2023-2028

According to the latest report by IMARC Group, titled "United States Welding Consumables Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028", the United States welding consumables market size reached US$ 2.9 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 3.6 Billion by 2028, exhibiting a growth rate (CAGR) of 3.42% during 2023-2028.

Welding consumables are essential materials that are consumed or melted during welding to facilitate joining metal pieces together and achieving durable, high-quality welds. They are characterized by high compatibility with base metal, lower melting point, and the ability to impart desirable mechanical properties to ensure a strong and reliable bond. Welding consumables work by melting filler metals to bridge the gap between workpieces to create a protective atmosphere, remove impurities and stabilize the welding arc. Some of the most common welding consumables include filler metals, shielding gases, and fluxes.

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Market Trends and Drivers:

The market in the United States is primarily driven by the considerable growth in construction and infrastructure projects across the country. In line with this, rapid expansion of the industrial manufacturing sector, including automotive, aerospace, and machinery industries is providing an impetus to the market. Moreover, the rising number of repair and maintenance activities along with the advent of do-it-yourself (DIY) across various end-use applications is also creating a positive market outlook.

Additionally, continual technological advancements in welding processes and consumables, such as automated processes and portable equipment and consumables are fueling the market. Some of the other factors contributing to the market include rapid urbanization and industrialization, rising government investments in infrastructure development projects, easy availability of skilled workforce.

Explore the Full Report with Charts, Table of Contents, and List of Figures: https://www.imarcgroup.com/united-states-welding-consumables-market

Key Market Segmentation:

Breakup by Product:

• Stick Electrodes
• Solid Wires
• Flux Cored Wires
• SAW Wires and Fluxes
• Others

Breakup by Welding Technique:

• Arc Welding
• Resistance Welding
• Oxyfuel Welding
• Ultrasonic Welding
• Others

Breakup by End-Use Industries:

• Construction
• Automobile
• Energy
• Shipbuilding
• Aerospace
• Industrial Equipment
• Others

Breakup by Region:

• Northeast
• Midwest
• South
• West

Competitive Landscape:

The competitive landscape of the market has been studied in the report with detailed profiles of the key players operating in the market.

Key highlights of the Report:

• Market Performance (2017-2022)
• Market Outlook (2023-2028)
• COVID-19 Impact on the Market
• Porter's Five Forces Analysis
• Historical, Current and Future Market Trends
• Market Drivers and Success Factors
• SWOT Analysis
• Structure of the Market
• Value Chain Analysis
• Comprehensive Mapping of the Competitive Landscape

Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.

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IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC's information products include major market, scientific, economic, and technological developments for business leaders in pharmaceutical, industrial, and high-technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology, and novel processing methods are at the top of the company's expertise.

This release was published on openPR.