U.S. Welding Consumables Market Worldwide With Impressive Sales Trends By 2031
U.S. Welding Consumables Market: Introduction
Transparency Market Research delivers key insights on the U.S. welding consumables market. In terms of volume, the U.S. welding consumables market is projected to expand at a CAGR of ~4% during the forecast period, owing to numerous factors, regarding which TMR offers thorough insights and forecasts in its report on the U.S. welding consumables market.
The welding consumables market in the U.S. is expanding at an exponential rate. Welding consumables are widely used for the purpose of fabrication. The fabrication industry is centered on manufacturing components that are vital for the assembly of large machines and structures. Comprising metal, plastics, and wood fabrication, fabrication products are used in a wide range of applications in building & construction, automotive & transportation, power generation, and mining industries. Welding consumables are also employed in critical maintenance applications. Welding consumables offer superior physical characteristics vis-à-vis other methods of joining such as riveting.
Request For Sample :
U.S. Welding Consumables Market: Dynamics
Welding is a sculptural process, wherein thermoplastics or metals are joined together with the help of coalescence. Filler metals are used during the course of welding. Flux is commonly employed to produce a shield of gas around the weld. This prevents oxidation of metals. Electrodes, filler metals, and fluxes are collectively known as welding consumables. Rapid expansion of end-use industries such as construction, manufacturing, automotive & transportation, oil & gas, and power generation is anticipated to drive the welding consumables market. The expansion of the welding consumables market in the U.S. is projected to be further driven by Foreign Direct Investment (FDI) in construction as well as other industries. Evolving automobile designs coupled with the addition of new safety features in them is offering lucrative opportunities to manufacturers to employ new welding techniques, thereby fueling the welding consumables market. There exists high potential for welding consumables in wind and solar energy industries. The wind energy industry offers immense growth opportunities for manufacturers of welding consumables. The demand for wind power is constantly increasing across the globe due to environmental concerns, stringent regulations regarding carbon emissions, and footprint reduction initiatives.
The high consumption of steel has been the major factor driving the U.S. economy, since the past few years. After trade restrictions were imposed in the U.S., steel imports declined to their lowest level since 2011. This helped increase domestic steel production, thus benefitting the steel mills in the U.S. Construction and automotive industries are the leading consumers of steel in the U.S. The per capita consumption of steel has increased gradually in the country over the years. Thus, growth in steel consumption is estimated to create significant demand for welding consumables during the forecast period. Welding consumables such as flux-cored wires, stick electrodes, and SAW flux and wires are key materials required for fabrication of steel components. One ton of steel approximately requires 5 kg of welding materials; hence, rise in usage of steel is projected to positively impact the demand for welding consumables in the U.S.
Request for Customization:
Manufacturing processes and technologies have been constantly evolving in aircraft and aerospace industries. Lighter metals are being used in the construction of aircraft. New processes and methods of welding of these metals are also being developed. The aerospace industry in the U.S. is considered the largest in the world. It is expected to manufacture large units of aircraft in the near future, leading to higher utilization of welding materials. This is estimated to propel the U.S. welding consumables market during the forecast period.
Space Exploration Technologies Corp., the U.S.-based aerospace manufacturing and space transportation services company had launched more than 700 satellites into the orbit up to October 2021. It plans to release a total of 12,000 satellites by 2026. The specialized welding process involved in the manufacture of these satellite is expected to propel the U.S. welding consumables market.
U.S. Welding Consumables Market: Key Players
Key players operating in the U.S. welding consumables market are ESAB, KOBE STEEL, Ltd., Air Liquide, Illinois Tool Works Inc., The Lincoln Electric Company, voestalpine Böhler Welding GmbH, Welding Alloys Group, and Mitco Weld Products Pvt. Ltd.
Enquiry Before Buying:
U.S. Welding Consumables Market: Segmentation
U.S. Welding Consumables Market, by Product
- Stick Electrodes
- Solid Wires
- Flux-cored Wires
- SAW Wires & Fluxes
- Others (including Rod Electrodes)
U.S. Welding Consumables Market, by End Use
- Automobile & Transportation
- Building & Construction
- Marine
- Power
- Oil & Gas
- Others (including Aerospace & Agriculture)
Get Trending Report:
Agrochemicals Services Market
https://www.transparencymarketresearch.com/agrochemicals-services-market.html
Medical Plastics Market
https://www.transparencymarketresearch.com/medical-plastics-market.html
Adjuvants Market
https://www.transparencymarketresearch.com/adjuvants-market.html
Carbon Fiber Market
https://www.transparencymarketresearch.com/carbon-fiber-market.html
Ferroalloys Market
https://www.transparencymarketresearch.com/ferroalloy-market.html
UV Disinfection Equipment Market
https://www.prnewswire.com/news-releases/uv-disinfection-equipment-market-is-projected-to-be-valued-at-us-17-92-bn-by-2031--tmr-study-301549776.html
About Transparency Market Research
Transparency Market Research, a global market research company registered at Wilmington, Delaware, United States, provides custom research and consulting services. The firm scrutinizes factors shaping the dynamics of demand in various markets. The insights and perspectives on the markets evaluate opportunities in various segments. The opportunities in the segments based on source, application, demographics, sales channel, and end-use are analysed, which will determine growth in the markets over the next decade.
Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insights for thousands of decision-makers, made possible by experienced teams of Analysts, Researchers, and Consultants. The proprietary data sources and various tools & techniques we use always reflect the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in all of its business reports.
Contact
Rohit Bhisey
Transparency Market Research Inc.
CORPORATE HEADQUARTER DOWNTOWN,
1000 N. West Street,
Suite 1200, Wilmington, Delaware 19801 USA
Tel: +1-518-618-1030
USA – Canada Toll Free: 866-552-3453
Email: sales@transparencymarketresearch.com
