Welding materials are the nonmetallic materials that are used for joining metals and thermoplastics. The joining of materials is done by causing fusion of two different materials at high temperatures. In welding process, the base metal is melted and a filler material is added to provide additional strength to the base metal. Gas flame, laser, friction and ultrasound are the various sources of energy used in welding process. Plate metal, fittings, castings, formed and expanded metal, sectional metal, hardware, welding wire and flat metal are the various raw materials used in the welding technique.
Rising demand from rapidly increasing automotive industry is the major driving factor for the welding materials market. Also, the growth in energy infrastructure across the globe and increasing demand for welded steel in residential and commercial constructions across emerging economies such as China, India, Brazil, UAE, Argentina and parts of Africa are supporting the growth of welding materials market. The shift towards renewable energy consumption for electricity generation is likely to have a positive impact on welding materials market. The demand from the other end-use industries such as marine, offshore exploration, shipbuilding, oil and gas, electronics, mining, manufacturing, aviation and railways will drive the market in coming years. Environmental concerns relating to the production of welding materials is likely to hamper the growth of welding materials market in coming years. Government regulations regarding lowering the emission of volatile organic compound in environment during the welding process hinders the growth of welding materials market. The major growth opportunity for welding material manufacturers lies in the emerging economies in the world. The rapidly increasing infrastructural development in India, China, Singapore, Brazil, Saudi Arabia and Malaysia offers the manufacturers a huge growth opportunity in the region.
The global welding materials market can be segmented on the basis of type, technology, end-use industry and region. On the basis of type, the global welding materials market can be segmented into electrode & filler materials, fluxes & wires and gases. The electrode & filler materials segment dominated the welding materials market in 2015 owing to the growth in automobile and marine industry. Electrode & filler materials are also used in the energy generation and infrastructure construction. Hence, the increase in construction industry and energy generation processes drives the market for electrodes & fillers. Arc welding, resistance welding, and oxy-fuel welding are the various technologies used for welding. Arc welding technology was the largest revenue generator for the global welding materials market as this technology offers exhibit properties such as superior heat concentration, consistency in metal deposition, and excellent corrosion resistance. Arc welding technology is mainly used in the automotive, heavy industries, and construction. The growth in aforementioned industries also paves the growth ways for the arc welding technology. Transportation and construction are the major end-use industries for the welding materials.
On the basis of region, the global welding materials market can be segmented into North America, Latin America, Europe, Middle East & Africa and Asia-Pacific. Asia-Pacific was estimated to be the largest market for welding materials in 2015 and is also projected to be the fastest growing market during the forecast period owing to the rapidly increasing infrastructure activities in countries such as India, China, Malaysia, Singapore and Indonesia. The market for welding materials in North America and Europe is projected to be slow compared to that in Asia-Pacific because of the matured transportation and construction industry.
The companies in this market are also focusing on collaborating with local players to increase their reach across all geographies and earn huge profits. Partnerships with multinational companies to strengthen their market reach and goodwill is also anticipated to be a major market strategy in the global concrete bonding agents market. Some of the major players involved in manufacturing and supply of welding materials include The Linde Group, Air Products and Chemicals, Inc., Colfax Corporation, Praxair Incorporated, Air Liquide S.A., Ador Welding Limited, Illinois Tool Works Inc., Lincoln Electric Holdings, Inc., and Tianjin Bridge Welding Materials Group Co., Ltd.
Market by Type
· Electrode & filler materials
· Fluxes & wires
Market by Technology
· Arc welding
· Resistance welding
· Oxy-fuel welding
Market by End User
· Automotive and Transportation
· Heavy Industry
· Power generation
Market by Geography
· North America
o Rest of Europe
o Rest of Asia-Pacific
· Latin America
o Rest of Latin America
· Middle East and Africa (MEA)
o South Africa
o Saudi Arabia
o Rest of MEA
The global lignin market value is expected to reach around US$ 907.1 million by 2026 and forecasted to grow at a CAGR of 2% over the time frame 2019 to 2026. The report provides analysis of global lignin market for the period 2015-2026, wherein 2019 to 2026 is the forecast period and 2018 is considered as the base year. Market Insights The worldwide lignin industry is evolving at a good pace, with a favorable develop
The global graphene market is forecasted to grow at a CAGR around 38.2% over the forecast time frame 2019 to 2026 and reach around US$ 552.6 million by 2026. The report provides analysis of global Graphene market for the period 2015-2026, wherein 2019 to 2026 is the forecast period and 2018 is considered as the base year. Market Insights Increasing demand for lightweight and durable products for different parts, incl
The global acetic acid market size is expected to worth around US$ 16.4 billion by 2026 and forecasted to grow at striking CAGR around 6.2% over the forecast time frame 2019 to 2026, According to Acumen Research and Consulting. The report provides analysis of global acetic acid market for the period 2015-2026, wherein 2019 to 2026 is the forecast period and 2018 is considered as the base year. Market Insights Also re
According to Acumen Research and Consulting, the global hydrogen peroxide market size is expected to reach around US$ 6.3 billion by 2026 and forecasted to grow at a CAGR of 5.2 % over forecast period 2019 to 2026. Hydrogen peroxide or H2O2 was identified in 1818 as a chemical compound. It is a transparent liquid that is used mainly in diverse sectors because of its superior bleaching properties. This chemical compound is marginally more viscous than wate
According to Acumen Research and Consulting, the global chondroitin sulfate market size is anticipated to worth around US$ 1.5 billion by 2026 and growing at a CAGR of 3.3 % over the forecast time period 2019 to 2026. Chondroitin sulfate is also regarded as glycosaminoglycan sulfated glucose (GAG). Chondroitin sulfate comprises a large alternating sugar chain including glucuronic acid and N-acetylgalactosamine. Chondroitin sulfate is a chemical compound d
Introduction According to Acumen Research and Consulting, the global biological seed treatment market size is expected to worth around US$ 2 billion by 2026 and to grow at striking CAGR around 11.2 % from 2019 to 2026. The report provides analysis of global Biological Seed Treatment market for the period 2015-2026, wherein 2019 to 2026 is the forecast period and 2018 is considered as the base year. Market Ins