Welding Consumables Market Emerging Trends & Global Industry Forecast To 2027

Market Overview
Welding is a process of joining metals and thermoplastics by the process of coalescence. It is often preferred process whenever joints are required, since it is effective and economical. Flux is commonly used to produce a shield of gas around the weld pool, in order to prevent oxidation pool of the hot metals. Flux and filler metals are called welding consumables where they melt while joining two metals, in order to form a strong joint and protect molten weld from atmospheric containments. There are different types of consumables such as stick electrodes, flux-cored wires, SAW wires & fluxes, and more.
The global welding consumables market was valued at US$ 13,118.9 Mn in 2018 and is expected to grow at a CAGR of 5.5% during the forecasted period (2019-2027)
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Market Dynamics
Growing automobile and construction industry across the global is expected to drive the market growth during the forecasted period (2019-2027). As Welding is one of the essential processes used in construction and automobile industry where different types of welding such as arc welding, laser beam welding, friction welding, resistance welding, and ultrasonic welding are used to join the metal components such as doors, roofs among other of a vehicles as the vehicles parts are manufacturers separately and are joint together to build a whole vehicle using welding process. Furthermore, growing number of solar plats across the globe also affected the market positively as to setup a solar plant the solar panels are too we welded with the solar stand which will also help the market to grow during the forecasted period.
Detailed Segmentation:
Global Welding Consumables Market, By Welding Consumables:
Stick Electrodes
Solid Wires
Flux Cored Wires
SAW Wires & Fluxes
Others
Global Welding Consumables Market, By Welding Technique:
Arc Welding
Resistance Welding
Oxy-Fuel Welding
Laser-Beam Welding
Ultrasonic Welding
Others
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Key companies operating in the global welding consumables market are voestalpine AG, Arcon Welding Equipment, Colfax Corporation, Kemppi Oy, The Lincoln Electric Company, Tianjin Bridge Welding Materials Co., Ltd., Air Liquide, Fronius International GmbH, Hyundai Welding Co., Ltd., Denyo Co., Ltd., Obara Corporation, Illinois Tool Works Inc., and Panasonic Corporation.
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