News on market Welding Consumables Market | Page 2

Rise in construction industry, specifically in emerging economies such as China and India is anticipated
to be the key factor driving the demand for welding consumables. Moreover, rapid urbanization and
industrialization in developing countries are factors leading to the dominancein construction projects,
which in turn is expected to result in high demand for welding consumables.
On the other hand, slow growth in advanced welding technologies in countries such as China and
India are major restraints for growth of the welding consumables and techniques market in APEJ.
The Welding Consumable Market is classified, by welding consumables, into stick electrodes, solid
wires, flux cored wires, SAW wires & fluxes, and others.
Stick electrodes segment accounted for maximum percent value share in 2016 and is expected to
expand at significant CAGR over the forecast period.The Welding Consumable Market is classified, by
welding technique into arc welding, resistance welding, oxy-fuel welding, laser-beam welding,
ultrasonic welding and others.Arc welding segment accounted for the maximum market share in 2016
and is expected to expand at a highest CAGR over the forecast period.
Global Welding Consumable Market is classified, by equipment into welding electrode and filler metal
equipment and oxy-fuel gas equipment.Global Welding Consumable Market is classified, by
application into automotive & transportation, building & construction, marine applications, and
others.
To know detail overview of this research get sample copy @
https://www.millioninsights.com/industry-reports/welding-consumables-market/request-sample
Building and construction segment accounted for the largest market share of the welding consumable
market in 2016 and is expected grow at highest CAGR over the forecast period. This is mainly due to
increasing building & construction activities in developing countries such as China and India.The
welding consumable market is segmented, geographically, into North America, Europe (Eastern
Europe, Western Europe), Asia Pacific, Latin America, Middle East and Africa.
Asia Pacific excluding Japan is projected to lead the market with value share in 2016 and expected to
remain dominant over the forecast period. Growth of the automotive sector and steel structure in
Latin America is expected to drive growth of welding consumables. Thus, welding consumables
market in Latin America is expected to witness significant growth over the forecast period. MEA is
expected to develop as the most lucrative region in terms of CAGR over the forecast period.