Welding Materials Market: Trends, Growth, and Key Insights for 2024-2031 | Top key players - ESAB, Colfax Corporation, Air Liquide S.A.

The latest report published by DataM Intelligence highlights the growth prospects of Welding Materials market. The industry expansion is majorly driven by developments in technology across the globe.

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The Global Welding Material Market reached US$ 13.5 billion in 2022 and is expected to reach US$ 17.3 billion by 2031 growing with a CAGR of 4.6% during the forecast period 2024-2031.

The Welding Material Market involves products used in welding processes, such as electrodes, filler metals, and flux. These materials are essential in joining metals in industries like construction, automotive, and manufacturing. As demand for advanced infrastructure and industrial applications grows, the market is expanding, with innovations focused on improving welding efficiency, durability, and environmental sustainability.

Competitive Evaluation:

Companies covered in this report are ESAB, Colfax Corporation, Air Liquide S.A., Air Products & Chemicals, Illinois Tool Works, Linde PLC, Lincoln Electric Holdings, Tianjin Bridge Welding Materials Group, Kobe Steel and HYUNDAI WELDING CO., LTD.

The Welding Materials Market analysis identifies a number of major market players. It enables companies to understand the strategies and partnerships used by other industry players to combat market competition. The comprehensive market report provides a fascinating microscopic look at the market. Corporations can detect the footprints of manufacturers by learning about demand, the global price of manufacturers, and the global benefit of manufacturing companies.

Key Development

In August 2021, Indutrade AB, a Swedish company specializing in industrial valves, acquired Advance Welding, a UK-based company known for designing and producing electrofusion welding equipment for utility customers, for US$ 5.55 million. This acquisition strengthens Indutrade's presence and enables further expansion into the utilities and wastewater sectors.

In July 2021, ESAB, a leader in welding and cutting consumables, launched Exaton 19.9.Nb HF, a 300-series austenitic steel submerged arc welding (SAW) wire. This wire, which contains niobium and high ferrite content, is designed to enhance the mechanical properties of weld deposits at high temperatures.

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Welding Materials Market Segments

The report covers the segmentation of the market into different segments based on various classifications such as applications, end users, product types, and others. The segmentation is divided into two sections, one for development and the other for different roles, needs, and behaviors.

By Type: Electrodes & Filler Materials, Fluxes & Wires, Gases.

By Technology: Arc Welding, Oxy-Fuel Welding, Resistance Welding, Others.

By End-User: Transportation, Construction & Building, Heavy Industries, Others.

Regional Assessment:

Regional analysis includes segmentation based on the geography that accentuates the recent and future demand for Welding Materials market across North America, Europe, Asia-Pacific, Middle East & Africa, and South America. The study also focuses on the demand for each application segment over all the prominent regions.

⇥ North America (U.S., Canada, Mexico)

⇥ Europe (U.K., Italy, Germany, Russia, France, Spain, The Netherlands and Rest of Europe)

⇥ Asia-Pacific (India, Japan, China, South Korea, Australia, Indonesia Rest of Asia Pacific)

⇥ South America (Colombia, Brazil, Argentina, Rest of South America)

⇥ Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East & Africa)

In terms of geographical analysis, Welding Materials Market report provides an in-depth view of:-

∎ Regional level break-up
∎ Leading growth rates
∎ Countries with the largest market share
∎ Market factors
∎ Latest developments
∎ Industry challenges
∎ Regulatory policies
∎ Player strategies

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This report provides a 360-degree synopsis of the competitive scenario of the Welding Materials industry. It has enormous awareness joined to the ongoing item and technical improvements in the business sector. It has a thorough analysis of the impact of the potential future development of these headways, a wide-ranging review of those extensions available for future growth.

Benefits of the Report:

➡ A descriptive analysis of demand-supply gap, market size estimation, SWOT analysis, PESTEL Analysis and forecast in the global market.

➡ Top-down and bottom-up approach for regional analysis

➡ Porter's five forces model gives an in-depth analysis of buyers and suppliers, threats of new entrants & substitutes and competition amongst the key market players.

➡ By understanding the value chain analysis, the stakeholders can get a clear and detailed picture of this Market

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