Welding Wires Market Analysis - Global Industry Size, Share, Trends and Forecast, 2018 - 2026

Category : Chemicals and Materials | Delivery Format : PDF | Status: Forthcoming | Report ID : ARC554

Introduction

Wired flux and metal wire fillers are called as welding consumables. These welding wires gets melted while welding two metals to aid in forming a robust joint and safeguard the molten weld from several atmospheric containments. Welding wires are primarily employed in oxy fuel welding and arc welding processes. In arc welding process, welding wires are broadly utilized in shielded metal arc welding, gas metal arc welding, flux-cored arc welding and submerged arc welding among others. Welding wires have come out as an integral part of building & construction industry. Welding plays an essential role in construction of bridges, buildings, huge offshore oil and gas plants and pipelines. Governments especially in developed and developing economies are trying to enlarge their national infrastructure such as bridges, dams and roads, which entail a large amount of welding wires. Thus, the aforementioned developments are fueling the overall demand for welding wires, especially from construction industry.

Market Dynamics

Rapid growth of construction industry mainly in emerging markets such as India and China is anticipated to be one of the key factors augmenting the growth of global welding wires market. In addition, rapid industrialization and urbanization, especially in emerging economies such as Indonesia, Thailand and Korea are some major aspects resulting in the growth of construction projects which is further projected to result in huge demand for welding wires. The demand for these welding wires can be attributed to increasing requirement from major end use applications such as transportation, building and construction, automobiles and marine. Furthermore, increasing number of infrastructural projects coupled with technological advancements in automotive industry are projected to bring impetus in the demand for welding wires over the forecast period. However, increasing availability of alternatives such as fluxes and cores are expected to hamper the growth.

Market Classification and Overview

Market segmentation of welding wires market is classified into type, application and geography. On the basis of type, the market is classified into solid wires, flux cored wires and saw wires and fluxes. On the basis of application, the market is classified into automotive, construction, aerospace & defense, shipbuilding and others. Based on geography, market is divided into North America, Latin America, Europe, Asia-Pacific and Middle East & Africa.

Report Coverage

Market

Welding Wires Market

Analysis Period

2015 – 2026

Historic Data

2015 – 2016

Base Year

2017

Forecast Data

2018 – 2026

Market Stratification

Type, Application, Geography

Regional Scope

North America, Europe, Asia-Pacific, Latin America, Middle East and Africa (MEA)

Report Coverage

Market Trends, Drivers, Restraints, Porter's Five Forces Analysis, Competitive Analysis,

Player Profiling, Value Chain Analysis

 

Market Participants

Some of the key market vendors of welding wires market are Heico Wire Group, Sandvik Materials Technology, Jiangsu Zhongjiang Welding Wire Co. Ltd., Hobart Brothers Company, Sumitomo Electric Industries, Saarstahl AG, Haynes International, Luvata Oy, Harris Products Group and LaserStar Technologies among the other known vendors.

Market Segmentation

Market By Type

·         Solid Wires

·         Flux Cored Wires

·         Saw Wires and Fluxes

Market By Application

·         Automotive

·         Construction

·         Aerospace & Defense

·         Shipbuilding

·         Others

Market By Geography

·         North America

o   US

o   Canada

o   Mexico

·         Europe

o   UK

o   Germany

o   France

o   Rest of Europe

·         Asia-Pacific

o   China

o   Japan

o   India

o   Australia

o   Rest of Asia-Pacific

·         Latin America

o   Brazil

o   Rest of Latin America

·         Middle East and Africa (MEA)

o   South Africa

o   Saudi Arabia

o   Rest of MEA


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