Global Welding Products Market by Consumables Forecasts 2020

Synthetic Rubber Market REPORT DESCRIPTION Welding Products Market by Consumables (Stick Electrode, Solid Wires, Flux-cored Wires, SAW Wires & Fluxes and Others) and Technology (Arc Welding, Resistance welding, Oxy-fuel Welding, Laser-beam Welding and Others) for Automobile & Transportation, Building & Construction, Marine and Other Applications - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2014 - 2020 The global welding products market is progressing at a CAGR of 4.50% between 2014 and 2020. The market was valued at US$17.4 bn in 2013 and is expected to reach US$23.8 bn by the end of 2020, according to a research report released by Transparency Market Research, titled “Welding Products Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2014 - 2020”. The research reference is available on the company website, along with the report for sale. According to the report, the global welding products market is primarily driven by the booming construction industry. Another end-use industry that has ramped up its demand for welding products is the growing automotive industry. Both construction and automotive industries are rapidly expanding in developing economies, giving rise to a bumper growth rate for the global welding products market in the coming years. Both industries make extensive use of welding products. The global welding products market is also expected to witness growth in demand from the energy sector, specifically from wind energy companies. Wind energy devices require a medium-to-large amount of welding activity. Browse The Full Report at: http://www.transparencymarketresearch.com/welding- products.html The report also explains the various restraining factors acting on the global welding products market, including the lack of skilled labor that will be incurred in a rapidly expanding industry. This, according to the report, will hold true especially for developed nations, consequently hampering the global welding products market’s overall growth rate. The global welding products market is also hindered by high labor costs, which have reduced the profit margins in developed nations. 2 Transparency Market Research

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