Specialty Welding Consumables Market: Overview
Welding is an assembling or collecting procedure used to join materials, for example, metals and thermoplastics. Metals and thermoplastics are combined by combination of the converging materials. Welding is a developing innovation. Ordinarily executed welding innovations incorporate protected metal curve welding (SMAW), gas tungsten bend welding (GTAW), gas metal circular segment welding (GMAW), motion cored circular segment welding (FCAW), and submerged curve welding (SAW). Materials utilized in the welding procedure are aggregately named welding consumables.
Usage of consumables depends on the welding technology implemented. However, commonly used welding consumables are stick electrodes, solid wires, flux-cored wires, and SAW wires and fluxes. Stick electrodes and filler materials such as solid wires are used during the welding process, while flux and welding gases are employed to prevent the oxidation of base materials. Welding consumables are used in various applications in end-user industries. Different types of welding technologies are implemented according to the needs of end-users. The usage of products depends upon the nature of the application.
Planning to lay down strategy for the next few years? Our report can help shape your plan better.
Specialty welding consumables are welding consumables made of expensive nickel, copper, and tungsten as opposed to cheaper alternatives made of mild steel. Specialty welding consumables help improve productivity and offer superior weld quality. This ultimately reduces repair and maintenance costs. Specialty welding consumables are used to support many welding applications, especially in diverse industrial applications, wherein weld quality is critical.
Specialty Welding Consumables Market: Key Segments
In terms of product, the specialty welding consumables market can be classified into stick electrode, solid wires, flux-cored wires, saw wires & fluxes, and others. Stick electrodes was the major segment of the specialty welding consumables market in 2017. It accounted for more than 50% share in 2017. This can be ascribed to the low cost and high usage of the manual welding process. However, the welding industry has been experiencing a shift from electrodes toward solid wires and flux-cored wires owing to their higher production efficiency. Wires and fluxes are gaining popularity over electrodes. Demand for specialty welding consumables in the welding industry is driven by factors such as less wastage, suitability for automatic welding systems, higher productivity, and wide usage among different welding technologies. Flux-cored wires and SAW wires and fluxes are anticipated to be among the rapidly growing product segments during the forecast period.
Based on application, the specialty welding consumables market can be divided into automobile & transportation, building & construction, marine, power, oil & gas, and others (repair & maintenance). Growth in end-user industries is likely to augment the demand for welding technologies. Expansion in the automobile & transportation sector is anticipated to be a major factor driving the specialty welding consumables market. Production of cars is set to outpace sales during the forecast period, as global carmakers are strengthening domestic output.
To obtain all-inclusive information on forecast analysis of global market, request a PDF brochure here.
The specialty welding consumables market is expected to benefit from this, as automotive is one of the key end-user industries of the market. Various materials such as steel, glass, rubber, copper, aluminum, and plastics are used in different parts of a vehicle. Metals employed in the manufacture of automobiles are joined through different methods. These include temporary methods such as bolts, screws, and rivets, and permanent methods such as welding. Automotive & transportation was the prominent end-user segment of the specialty welding consumables market in 2017.
Specialty Welding Consumables Market: Regional Outlook
Based on region, Asia Pacific held significant share of the specialty welding consumables market in terms of value in 2017. This can be ascribed to the large population and growth in construction, automobile, steel, and oil & gas industries in the region. Asia Pacific is expected to dominate the global specialty welding consumables market throughout the forecast period. Europe and North America are mature regions of the specialty welding consumables market. The specialty welding consumables market in these regions is anticipated to expand at a sluggish pace during the forecast period.
Specialty Welding Consumables Market: Key Players
Leading companies in the global specialty welding consumables market include Lincoln Electric Holdings, ESAB Group Holdings, Illinois Tool Works, Air Liquide Welding, Atlantic China, Bohler, Hyundai Welding, Kiswel, and Tianjin Bridge Welding Materials.
This post was originally published on Analytics News