Dublin, July 12, 2019 (GLOBE NEWSWIRE) -- The "Welding Products Market Size Analysis Report By Technology (Arc, Resistance), By Product (Stick Electrodes, Solid Wires), By Application (Construction, Automotive & Transportation), And Segment Forecasts, 2019 - 2025" report has been added to ResearchAndMarkets.com's offering.
The global welding products market size is expected to reach USD 20.48 billion by 2025
It is anticipated to expand at a CAGR of 5.7% during the forecast period. Surge in demand for welding products, particularly from building and construction and automotive industry, is expected to contribute to the overall growth.
The market is majorly driven by growing demand from construction industry. Rapid urbanization and infrastructure development are the key factors propelling the growth of the construction industry, which in turn is projected to boost the demand for welding products. Welding technology is extensively used in the construction of pipelines, bridges, buildings, and other engineering projects for infrastructure development.
Welding products are consumed in various applications such as construction and building, transportation and automotive, marine, oil and gas, and others. Increasing investments in infrastructure development, especially in emerging economies, such as China and India, are fueling the demand for advanced technology, which in turn is leading to the market growth. Asia Pacific is expected to witness a high CAGR owing to the rising demand from the automotive sector in these countries coupled with increased awareness pertaining to high-quality automotive components.
Asia Pacific led the global welding products market in 2018 and is projected to continue its dominance, progressing at a CAGR of 6.6% over the forecast period. Robust growth in applications in emerging economies such as China and India is a prominent factor driving the demand for welding products. China is the key market for welding products in Asia Pacific, which accounted for a revenue of USD 1.95 billion in 2018. The market growth is highly dependent on the growth of its application areas.
Further key findings from the report suggest:
- Asia Pacific led the market and is projected to expand at the fastest CAGR of 6.6% over the forecast period. Increasing demand from various application segment, particularly from regions such as China and India is likely to drive the growth
- Arc welding was the largest technology segment in the global welding products market in 2018 and is also anticipated to lead the market through the forecast period
- Stick electrode accounted for the largest application segment in 2018 on account of increasing applicability of the stick electrodes in various end-use industries
- Transportation and automotive was estimated as the largest application segment owing to increasing demand for welding products for the manufacturing of automotive components such as exhaust systems and car bodies requires the use of welding process
Key Topics Covered:
Chapter 1 Methodology and Scope
1.1 Research methodology
1.2 Research scope & assumptions
1.3 List of data sources
Chapter 2 Executive Summary
2.1 Market snapshot
Chapter 3 Welding Products Market Variables, Trends, and Scope
3.1 Market segmentation and scope
3.2 Penetration and growth prospect mapping
3.3 Welding products - Value chain analysis
3.4 Raw material analysis
3.4.1 Welding electrodes
3.4.2 Welding flux
3.5 Technology overview
3.6 Regulatory framework
3.6.1 Occupational safety and health administration- PEL
3.6.2 Local Exhaust Ventilation (LEV) guidelines
3.6.3 American National Standard (ANSI Z49.1:2012)
3.6.4 REACH (Regulation EC 1907/2006)
3.7 Market dynamics
3.7.1 Market trends & outlook
3.7.2 Market driver analysis
3.7.2.1 Robust growth in building & construction industry
3.7.2.2 Growing demand for advanced welding technology from automotive industry
3.7.3 Market restraint analysis
3.7.3.1 Lack of skilled labor and high labor cost
3.8 Market- Porter's analysis
3.9 Market- PESTEL analysis
Chapter 4 Welding Products Market: Technology Estimates & Trend Analysis
4.1 Technology movement analysis & market share, 2017 & 2025
4.2 Arc welding
4.3 Resistance welding
4.4 Oxy-Fuel welding
4.5 Laser beam welding
4.6 Other welding
Chapter 5 Welding Products Market: Product Estimates & Trend Analysis
5.1 Product movement analysis & market share, 2017 & 2025
5.2 Stick electrodes
5.3 Solid wires
5.4 Flux-cored wires
5.5 Saw wires and fluxes
5.6 Others
Chapter 6 Welding Products Market: Application Estimates & Trend Analysis
6.1 Application movement analysis & market share, 2017 & 2025
6.2 Automotive & Transportation
6.3 Building & Construction
6.4 Marine
6.5 Others
Chapter 7 Welding Products Market: Regional Estimates, Trends, and Analysis
7.1 Regional market place: Key takeaway
7.1.1 Regional Movement Analysis and Market Share, 2017 & 2025
Chapter 8 Competitive Landscape
8.1 Vendor landscape
8.2 Competitive environment
8.3 Company market positioning
8.4 Strategic framework
Chapter 9 Company Profiles
- Colfax Corporation
- voestalpine AG
- Air Liquide Welding Ltd.
- The Lincoln Electric Company
- Illinois Tool Works, Inc.
- Hyundai Welding Co., Ltd.
- Obara Corporation
- Sandvik AB
- Kiswel, Inc.
- Kemppi Oy
- Mitco Weld Products Pvt. Ltd.
- Tianjin Bridge Welding Materials Co., Ltd.
- Senor Metals Pvt. Ltd.
- Metrode Products Ltd.
For more information about this report visit https://www.researchandmarkets.com/r/3gjbgo
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