Global Welding Materials Market - Trends, COVID-19 impact and Growth Forecasts to 2026
Welding is one of the crucial fabrication techniques in which special parts of steel or thermoplastic are joined together. The welding manner reasons the excessive-temperature fusion of metallic parts without melding the bottom steel. Welding isn't the same as brazing and soldering, which contain low-temperature metal becoming a member of. Typically, this procedure includes the filler cloth, that is delivered at the factor of becoming a member of if you want to pool the metal elements. The addition of welding cloth inside the form of joint pool or weld pool presents giant power to the shape. Commonly, the factor of joint is more potent than the base materials or metals.
ChemIntel360’s global Welding Materials Market study is a 140+ slide report containing in-depth analysis on historical and forecasted spending and consumption patterns in the sector. We offer granular value and volume data from a global, regional, Types, and Type industry perspective. The industry is expected to grow at a CAGR of 4.8% mainly due to growing need for welding materials in transportation industry to manufacture different automotive parts which is expected to bolster the market over the forecast period.
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The welding technique requires a guard that protects the filler substances or melted steel elements from oxidation and infection. The welding technique involves various energy sources which includes gasoline flame, electric arc, laser beam, friction, or ultrasound. The process and cloth of welding determine the fee, from cheaper arc and oxy-gasoline welding to the quite pricey laser and electron beam welding. The most common kinds of welding materials are electrodes, fillers, fluxes, wires, and gases, amongst others.
Scope
This study contains global and regional market size data - value and volume. The numbers are broken down by Type (Electrodes and Filler Materials, Fluxes and Wires, Gases), by End-use industry (Automotive and Transportation, Building and Construction, Marine, Oil and Gas, Power and Others). The historical period runs through 2015-2020 and the forecasted period from 2021-2026.
Market Overview
The global Welding Materials market, which grew from US$X.X billion in 2015 to US$X.X billion in 2019, dropped marginally to US$13.60 billion in 2020, due to the ongoing COVID-19 pandemic. Spending is expected to recover in 2021 to value US$X.X billion and increase to US$X.X billion in 2026 at a CAGR of X.X%. Cumulatively the market is expected to value US$X.X billion during the forecast period as compared to US$X.X billion during the historical period.
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Key Players
Key players in the global welding materials market are Ador Welding Ltd. (India), Air Liquide (France), Air Products and Chemicals, Inc.(U.S.), Colfax Corporation (U.S.), Illinois Tool Works Inc. (U.S.), The Linde Group (Germany), Praxair Technology, Inc. (U.S.), The Lincoln Electric Company (U.S.), Tianjin Bridge Welding Materials Group Co., Ltd. (China), and Gedik Welding (India).
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