Know More About “Welding products Market 2020-2027” Growth Worldwide…..Posted by Mrudula Anil Karmarkar on April 4th, 2022 The global welding products market size is expected to reach USD 23.51 billion by 2027, expanding at a revenue-based CAGR of 6.2% during the forecast period, according to a new report by Grand View Research, Inc. Rapid industrialization and growing investments in infrastructural developments in major economies such as U.S., U.K., China, India, and Brazil are the factors anticipated to propel the market growth. The mining industry accounts for a vital share of the global economy and is responsible for supplying key raw materials for several applications and end-use industries, thus being a key sector of focus amidst the ongoing pandemic outbreak. Mining industries in China are expected to return to normal operations by Q3 of 2020 as enterprises indicated towards the returning of their workers soon. Moreover, Iron ore producers are known to be the least impacted. Major players such as BHP and Vale reported experiencing no major influence on their operations due to the COVID-19 virus. The iron ore prices reached above USD 90 per ton amidst the pandemic situation which may negatively impact the end-use industries. The report will account for Covid19 as a key market contributor. Welding products offer design flexibility, ease of construction modification, and aid in reducing the overall weight of building structures. This promotes the use of welding products in the construction of buildings, pipelines, bridges, and other engineering work for infrastructure development. Rapid urbanization and increasing disposable income of the population is anticipated to promote the expansion of construction industry across the globe. Welding provides strong joining of heavy products crucial to the structural integrity of buildings in the construction industry. This is anticipated to propel the market growth over the forecast period. To Request Sample Copy of this report, click the link: https://www.grandviewresearch.com/industry-analysis/global-welding-products-market/request/rs1 The welding products market is fragmented in nature with the presence of a number of global and regional players. Several manufacturers have integrated themselves across the value chain on account of increasing opportunities and moderate growth. This helps them grab a higher market share. Further key findings from the report suggest:
Welding products are consumables such as flux and fillers used in the welding process. The filler material is melted to join metal strongly and flux is widely used to generate gas protection around the weld pool to prevent hot metals from oxidation. These products join materials, such as metals or thermoplastics by fusion, unlike joining techniques such as brazing and soldering. Mild steel, high alloy wire rods, metal powders, mineral & chemical powders, and ferro alloy powders are some of the key raw materials used. These materials undergo various processes in order to manufacture less oxidized and high-quality products. Welding flux is applied to the base product metal using extrusion under pressure. Welding flux consists of MnO, TiO2, alumina, calcium oxide, SiO2, magnesium oxide, FeO, calcium fluoride, sodium & potassium silicates, and others which are enriched with potassium. Grand View Research has segmented the global welding products market on the basis of technology, product, application: Welding Products Technology Outlook (Revenue, USD Million, 2016 - 2027)
Welding Product Outlook (Revenue, USD Million, 2016 - 2027)
Welding Products Application Outlook (Revenue, USD Million, 2016 - 2027)
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