Global Welding Consumables (Stick Electrode, Solid Wires, Flux-Cored Wires, SAW Wires & Fluxes and Others) Market Size By Type, By End User, By Industry, By Welding Technique, By Geographic Scope Industry And Forecast
Report Highlights
Welding Consumables (Stick Electrode, Solid Wires, Flux-Cored Wires, SAW Wires ; Fluxes and Others) Market Size And Forcast
Welding Consumables (Stick Electrode, Solid Wires, Flux-Cored Wires, SAW Wires ; Fluxes and Others) Market was valued at USD 13.81 Billion in 2019 and is projected to reach USD 21.37 Billion by 2027, growing at a CAGR of 5.6 % from 2020 to 2027.
Global Welding Consumables (Stick Electrode, Solid Wires, Flux-Cored Wires, SAW Wires ; Fluxes and Others) Market Outlook
Factors such as growth in the automotive and construction sector and increase in global energy infrastructure development are driving the global welding consumables (stick electrode, solid wires, flux-cored wires, SAW wires ; fluxes, and others) market. Additionally, usage of welding consumables in maintenance ; repair is estimated to boost the market growth.
However, the impact of welding consumables on environment and workers, slow growth of shipbuilding and aerospace ; defense industries along with customer price sensitivity is hampering the otherwise growing market. Moreover, growth prospects in emerging economies and the rise in the requirement for welding automation technology in developed economies offer a lucrative opportunity to the market growth.
Verified Market Research narrows down the available data using primary sources to validate the data and use it in compiling a full-fledged market research study. The report contains a quantitative and qualitative estimation of market elements which interests the client. The Global Welding Consumables (Stick Electrode, Solid Wires, Flux-cored Wires, SAW Wires ; Fluxes and Others) Market is mainly bifurcated into sub-segments which can provide a classified data regarding latest trends in the market.
Global Welding Consumables (Stick Electrode, Solid Wires, Flux-Cored Wires, SAW Wires ; Fluxes and Others) Market Competitive Landscape
The Global Welding Consumables (Stick Electrode, Solid Wires, Flux-cored Wires, SAW Wires ; Fluxes and Others) Market study report will provide a valuable insight with an emphasis on global market including some of the major players such as Colfax Corporation, Fronius International GmbH, Hyundai Welding Co., Ltd., Illinois Tool Works Inc., Kemppi Oy., Obara Corporation, Panasonic Corporation, The Lincoln Electric Company, Tianjin Bridge Welding Materials Group Co., Ltd., Voestalpine Bhler Welding GmbH., and Others.
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