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Dublin, April 18, 2019 (GLOBE NEWSWIRE) -- The "Welding Consumables Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2019-2024" report has been added to ResearchAndMarkets.com's offering.
The global welding consumables market was worth US$ 13.9 Billion in 2018.
Welding consumables refer to flux and filler metals that are used in the process of welding. Filler metals are melted to create a strong joint between two metals, whereas flux prevents the oxidation of hot metals during this process. Some of the raw materials utilized in the production of welding consumables include nickel, copper, rutile, ilmenite and aluminum.
These consumables ensure cost-effective welding, assist in safeguarding the molten weld from contaminants present in the air and prevent the formation of porosity in the weld pool. As a result, they are extensively employed in the construction, automobile, energy, ship building and aerospace industries.
Global Welding Consumables Market Drivers:
In the automobile industry, welding consumables are used in the production of lightweight and high-quality vehicle parts. Improvements in the safety features of vehicles, along with evolving automobile designs, have escalated the sales of automobiles, thereby bolstering the growth of the welding consumables market.
Moreover, the introduction of several development and housing projects has provided thrust to the construction industry in emerging economies such as China, India and South Africa. Some of the other factors that are stimulating the growth of the market are industrialization, urbanization, rising foreign direct investments (FDI) and technological advancements.
The market is further projected to reach a value of US$ 19.2 Billion by 2024, expanding at a CAGR of around 6% during 2019-2024.
The competitive landscape of the welding consumables market has also been analyzed in the report. Some of the leading players operating in the market are Voestalpine AG, Colfax Corporation, The Lincoln Electric Company, Air Liquide, Hyundai Welding Co., Ltd., Obara Corporation, Panasonic Corporation, Illinois Tool Works Inc., Denyo Co., Ltd., Fronius International GmbH, Tianjin Bridge Welding Materials Co., Ltd., Kemppi Oy, Arcon Welding Equipment, etc.
Key Questions Answered in This Report:
Key Topics Covered:
2 Scope and Methodology
2.1 Objectives of the Study
2.3 Data Sources
2.4 Market Estimation
2.5 Forecasting Methodology
3 Executive Summary
4.3 Key Industry Trends
5 Global Welding Consumables Market
5.1 Market Overview
5.2 Market Performance
5.3 Market Breakup by Product
5.4 Market Breakup by Welding Technique
5.5 Market Breakup by End-Use Industries
5.6 Market Breakup by Region
5.7 Market Forecast
6 Market Breakup by Product
6.1 Stick Electrodes
6.2 Solid Wires
6.3 Flux Cored Wires
6.4 SAW Wires and Fluxes
7 Market Breakup by Welding Technique
7.1 Arc Welding
7.2 Resistance Welding
7.3 Oxyfuel Welding
7.4 Ultrasonic Welding
8 Market Breakup by End-Use Industries
8.6 Industrial Equipment
9 Market Breakup by Region
10 SWOT Analysis
11 Value Chain Analysis
11.2 Research and Development
11.3 Raw Material Procurement
12 Porters Five Forces Analysis
12.2 Bargaining Power of Buyers
12.3 Bargaining Power of Suppliers
12.4 Degree of Competition
12.5 Threat of New Entrants
12.6 Threat of Substitutes
13 Price Analysis
14 Competitive Landscape
14.1 Market Structure
14.2 Key Players
14.3 Profiles of Key Players
14.3.1 Voestalpine AG
14.3.2 Colfax Corporation
14.3.3 The Lincoln Electric Company
14.3.4 Air Liquide
14.3.5 Hyundai Welding Co., Ltd.
14.3.6 Obara Corporation
14.3.7 Panasonic Corporation
14.3.8 Illinois Tool Works Inc.
14.3.9 Denyo Co., Ltd.
14.3.10 Fronius International GmbH
14.3.11 Tianjin Bridge Welding Materials Co., Ltd.
14.3.12 Kemppi Oy
14.3.13 Arcon Welding Equipment.
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