Asia Pacific region to hold the dominant position in Welding Materials Market

Posted by rohan on October 30th, 2019

Market Overview:

The welding materials market has slow growth in the world due to the demand for arc welding and related materials in various end-use industries. The welding market is expected to reach a total of US$ 17.58 billion by 2023, with a CAGR of 5.28%. The market size was about US$ 13.59 billion in revenue at the end of 2018.  

Market Drivers and Restraints:

The market is mainly based on the demand for arc welding and related material in various end-use industries. In addition, the need for the industrial transport sector is helping to develop the welding market. However, the associated costs may limit the market during the forecast period.

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https://www.marketdataforecast.com/market-reports/welding-materials-market

Report segmented as

By Type:

  • Electrode & Filler Materials,
  • Fluxes & Wires,
  • Gases

By End-Use Industry:

  • Transportation,
  • Building & Construction,
  • Heavy Industries

By Disease Indications:

  • ARC,
  • Resistance,
  • OXY-Fuel Welding

Geographical Analysis:

On the basis of geography, the market is divided into Latin America, Europe, Asia, Pacific, North America, Middle East and Africa. The Asia-Pacific region has the largest market share in 2018 in terms of value and volume for welding materials. The regional advantages such as the ease of business formation, cheap resources and a large number of skilled people, are the main reasons for the fast-growing industries in this region. Rapidly growing economies such as India, Japan and China also support the development of the regional market.

Europe is the next market leader in 2018. The presence of a significant customer base in this region and its surroundings helps to develop the welding market in this region. However, this area is only the second fastest growing market in the forecast period.The status of many key market players in North America with a well-established infrastructure is the main reason for their market position.

Important Market Players:

By the end of 2018, The Linde Group (Germany), Lincoln Electric Holdings, Inc. (U.S.), Praxair Incorporated (U.S.), Air Products and Chemicals, Inc. (U.S.), Air Liquide S.A. (France), Illinois Tools Works (U.S.), Colfax Corporation (U.S.), and Tianjin Bridge Welding Materials Group Co., Ltd. (China) are the leading stockholders of the  market for Welding Materials Market.

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The Scope of the report:

This report offers the current product and services market evaluation and the future estimation of the market. It helps us understand the market better through size anticipation and CAGR calculation to estimate the next market. It has a broader segmentation for better understanding of the enterprising of the market at a low level by segregating the market into smaller sectors.

About Us:

Market Data Forecast is a firm working in the areas of market research, business intelligence and consulting. We have rich experience in research and consulting for various business domains to cater to the needs of both individual and corporate clients.

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Abhishek Shukla

Sales Manager at Market Data Forecast

Email: abhishek@marketdataforecast.com

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rohan

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rohan
Joined: September 20th, 2017
Articles Posted: 1,346

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