Global Welding Products Market Outlook, Opportunities And Strategies

November 8, 2021November 9, 2021 by The Business Research Company

Learn about the global welding products market through The Business Research Company, which provides information on welding products market size, welding products market drivers and restraints, welding products market players, the COVID-19 impact on the welding products market, and more.

The global welding products market is expected to grow from $12.10 billion in 2020 to $13.31 billion in 2021 at a compound annual growth rate (CAGR) of 10%. The growth is mainly due to the companies resuming their operations and adapting to the new normal while recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The welding products market is expected to reach $18.08 billion in 2025 at a CAGR of 8%.

The rapid expansion of the construction sector is expected to drive innovation in welding products manufacturing, thus driving the market during the forecast period.

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The welding products market consists of sales of welding products by entities (organizations, sole traders, and partnerships) that manufacture welding products that use a filler material in the welding process for joining metals such as stainless steel, aluminum, nickel, and copper alloys, cobalt, and titanium. Welding products are the materials or consumables that are used to carry out the welding process to create parts and finished products for a wide range of industries.

Global welding products market segments include:

By Product: Stick Electrodes, Solid Wires, Flux Cored Wires, Saw Wires And Fluxes, Others

By Technology: Arc Welding, Resistance Welding, Oxy Fuel Welding, Laser Beam Welding, Others

By Application: Automotive And Transportation, Building And Construction, Marine, Others

By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, Asia Pacific was the largest region in the welding products market in 2020.

Technological advancement in welding products is a key trend gaining popularity in the welding products market. The key players in the welding products market are developing technologically advanced products with improved impact, wear resistance, and combined abrasion to meet industrial requirements.

TBRC’s welding products market report covers:

Major Market Players: The Lincoln Electric Company, Colfax Corporation, Illinois Tool Works Inc, Kemppi Oy, Kiswel Inc., Obara Corporation, Senor Metals Pvt. Ltd., Tianjin Bridge Welding Materials Co. Ltd., ESAB, and Ador Welding Ltd.

Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.

Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

Time Series: Five years historic (2015-20) and ten years forecast (2021-2025-2030)

The Welding Products Global Market Report 2021: COVID-19 Growth And Change to 2030 is one of a series of new reports from The Business Research Company that provides welding products market overviews, analyzes and forecasts market size, share, welding products market players, welding products market segments and geographies, leading competitor revenues, profiles and market shares.

TBRC’s welding products market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.

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