Press release
Global welding consumables market to grow at a CAGR of 5.5% in terms of revenue over the period 2014-2019
Description
Welding is the process of joining similar metals together. It is one of the methods of making high strength joints of two or more different parts. Filler metals melt with joining materials and are consumed during the welding process. Flux is used to produce gas shield around the weld pool and is used to prevent the oxidation of hot metal. Flux acts as a deoxidizer and prevents the formation of porosity in the weld pool. Filler metals and flux together are called as welding consumables. Welding electrodes, metal wires, flux-cored wires, shielding gases, and fluxes are some of the welding consumables. Flux does not form the final part of welding and is wasted during the process.
Technavios analysts forecast the global welding consumables market to grow at a CAGR of 5.5% in terms of revenue over the period 2014-2019.
Covered in this report
The report covers the current scenario and the growth prospects of the global welding consumables market for the period of 2015-2019. To calculate the market size, the report considers revenue generated through the sale of welding consumables.
Technavio's report, Global Welding Consumables Market 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the Americas, APAC, Europe, and MENA; it also covers the landscape of the global welding consumables market and its growth prospects in the coming years. The report includes a discussion of the key vendors operating in this market.
Key vendors
Americas
APAC
Europe
MENA
Key vendors
Bohler Welding
ESAB
Hyundai
Lincoln Electric
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Other prominent vendors
Air Liquide
ARCON Welding
Denyo
Fronius International
Illinois Tool Works
ITW
Kemppi
Kobelco
OBARA
Panasonic
Tianjin Bridge Welding Materials Group
Market driver
Growing construction activities worldwide
For a full, detailed list, view our report
Market challenge
Slow adoption of advanced technologies
For a full, detailed list, view our report
Market trend
Adoption of welding automation technologies in fabrication
For a full, detailed list, view our report
Key questions answered in this report
What will the market size be in 2019 and what will the growth rate be?
What are the key market trends?
What is driving this market?
What are the challenges to market growth?
Who are the key vendors in this market space and what is their portfolio matrix?
What are the market opportunities and threats faced by the key vendors?
What is the competitive landscape as characterized by geography?
What are the strengths and weaknesses of the key vendors?
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