Welding Consumables Market - Positive Long-Term Growth Outlook 2023

Transparency Market Research has published a new report titled “Welding Consumables Market - U.S. Industry Analysis, Size, Share, Growth, Trends and Forecast, 2015 - 2023.” According to the report, the u.s.welding consumables market was valued at US$2.42 bn in 2014 and is anticipated to reach US$3.51 bn by 2023, expanding at a CAGR of 4.2% between 2015 and 2023.

Welding consumables are materials such as metals, alloys, and minerals that are used for amalgamation of metal and thermoplastic components. Commonly used welding consumables for different welding processes in the U.S. include stick electrodes, flux-cored wires, solid wires, SAW wires and fluxes, and various shielding gases and rods.

Flux-cored wires are used for shielded metal arc welding (SMAW) and flux-cored arc welding (FCAW) applications in various end-user industries. Welding consumables are primarily employed in building & construction, automobile & transportation, power, oil & gas, and marine industries. The bargaining power of buyers of welding consumables is estimated to be hampered, due to high degree of forward integration of manufacturers in the value chain.

Fill the form for an exclusive sample of this report @
http://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=9509

Welding consumables are materials comprising metals, alloys, and minerals that are used for fabrication of metal parts. Welding consumables can be molded into wires for use in welding applications. Aluminum, copper, rutile, ilmenite, and nickel are some of the key raw materials employed in the production of welding consumables. Building & construction, automobile & transportation, marine, power, and oil & gas are the major end-users of welding consumables in the U.S. Rise in steel consumption coupled with the revival of the building & construction industry in the country is anticipated to boost the demand for welding consumables during the forecast period. Implementation of sustainable technologies for construction of green buildings in the U.S. is considered as the primary accelerator for recovery of the industry as well as increased usage of steel. This factor is estimated to account for higher consumption of welding consumables.

Flux-cored wire was the most widely used welding consumable in 2014. The segment held more than 30% share in the U.S. in 2014. Flux-cored wires are widely used in the automobile & transportation and building & construction industries. Solid wires are mostly employed for metal inert gas welding (MIG) applications in various end-user industries.

Power sector accounted for more than 15% volume share of the U.S. welding consumables market in 2014. Rise in power generation activities, especially from renewable sources such as solar, wind, geothermal, biomass, landfill gas, municipal solid waste, and hydropower, is considered as the growth driver of the market.

Furthermore, future expansion targets of power generation projects in key parts of the country such as California, Arizona, Maryland, and New York are estimated to provide a broader scope for welding consumables during the forecast period. However, volatility in prices of raw materials, especially stainless steel, rutile, aluminum, copper, nickel, and other metal alloys and minerals, is anticipated to hamper market growth in the U.S. between 2015 and 2023. On the other hand, technological advancements in controlling emissions of gaseous fumes from welding materials are likely to offer significant opportunities for the market in the near future.

Get Request For Discount On This Report @
http://www.transparencymarketresearch.com/sample/sample.php?flag=D&rep_id=9509

Some of the leading players in the market include The Lincoln Electric Company, Air Liquide S.A., The Linde Group, voestalpine Böhler Welding GmbH, ESAB, Illinois Tool Works Inc., Hyundai Welding Co., Ltd., Kobe Steel, Ltd., Welding Alloys Group, Kiswel Inc., and Hilarius Haarlem Holland B.V. (HILCO).

The report segments the welding consumables market in the U.S. as follows:

Welding Consumables Market - Product Analysis

Stick electrodes
Solid wires
Flux-cored wires
SAW wires and fluxes
Others (including rods, etc.)

Welding Consumables Market - End-user Analysis

Automobile & transportation
Building & construction
Marine
Power
Oil & gas
Others (including repair & maintenance, etc.)

About Us

Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.

TMR’s data repository is continuously updated and revised by a team of research experts so that it always reflects the latest trends and information. With extensive research and analysis capabilities, Transparency Market Research employs rigorous primary and secondary research techniques to develop distinctive data sets and research material for business reports.

Contact Us

Transparency Market Research
90 State Street, Suite 700
Albany, NY 12207
Tel: +1-518-618-1030
USA - Canada Toll Free: 866-552-3453
Email: sales@transparencymarketresearch.com
Website: http://www.transparencymarketresearch.com/

This release was published on openPR.