Press Release

Welding Consumables Market Poised to Expand at 6.8%. CAGR During 2019 – 2026

Welding Consumables Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2019-2026

The rising construction activities around the world is a key factor driving the global welding consumables market, says Fortune Business Insights in a report, titled “Welding Consumables Market Size, Share and Industry Analysis, By Type (Stick Electrodes, Solid Wires, Flux-cored Wires and SAW Wires and Fluxes), By Application (Heavy Engineering, Automotive, Railways, Construction, Shipbuilding and Others) and Regional Forecast, 2019-2026.”

The global welding consumables market was valued at USD 13.79 Billion in 2018 and is expected to reach USD 23.28 Billion by 2026, exhibiting a CAGR of 6.8%.

Browse Report Summary –

As per the report, the global welding consumables market on the basis of type is segmented into

stick electrodes, solid wires, flux-cored wires and saw wires and fluxes. The solid wires segment will account for maximum shares in the global welding consumables market during the forecast period owing to the increasing urbanization around the world. In addition, the rapid growth in the construction industry is expected to further contribute to the solid wires segment, which, will, in, turn boost the global welding consumables market revenue.

The Prominent Players Operation In The Global Welding Consumables Market Are:

  • Colfax Corporation
  • The Lincoln Electric Company
  • Hyundai Welding Co. Ltd.
  • ESAB
  • Obara Corporation
  • Panasonic Corporation
  • Fronius International GmbH
  • Arcon Welding Equipment
  • Ador Welding Ltd.
  • Denyo Co., Ltd.

Solid Wires Segment Will Account For Maximum Share at a Global Level

As per the report, the global welding consumables market on the basis of type is segmented into stick electrodes, solid wires, flux-core wires and SAW wires and fluxes. The solid wires will hold major shares in the global welding consumables market owing to the rapid industrialization and urbanization. The introduction of new GTAW (TIG) by Lincoln electric is predicted to boost the global market growth. Lincoln Electric introduced new GTAW (TIG) cut lengths with high silicon formulations using stainless steel alloys for the clean and high-quality welding process. Upgraded manufacturing processes for the new products are enhancing the quality of the product by reducing complexities in the process.Moreover, the rising import and export is another factor expected to have a positive impact on the global welding consumables market.

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Scope of the Welding Consumables Market Research Report –

By Type

  • Stick Electrodes
  • Solid Wires
  • Flux-cored Wires
  • SAW Wires and Fluxes

By Application

  • Heavy Engineering
  • Automotive and Transportation
  • Railways
  • Construction
  • Shipbuilding
  • Others (Oil and Energy, Aerospace and Defense

By Geography

  • North America (U.S. and Canada)
  • Europe (U.K., Germany, France, Italy, Spain, Scandinavia, and Rest of Europe)
  • Asia Pacific (Japan, China, India, Australia, Southeast Asia, and Rest of Asia Pacific)
  • Middle East and Africa (South Africa, GCC and Rest of the Middle East and Africa)
  • Latin America (Brazil, Mexico, and Rest of Latin America)

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Ruby Arterburn

Ruby is leading the team writing for artificial intelligence. She is a newcomer in the organization and has already made her base and reputation with her hard work and her efficiency towards her field. Being a student of computer science it has become easier for her to understand the objectives and the expected results of this column. She is also an excellent cook, and now and then, and we get the opportunity to taste her deliciously baked cookies.

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