Report
Description
Report Description
The welding industry covers welding consumables, welding equipment and welding
services. Welding consumables market account for a major share of the welding industry
in terms of revenue compared to welding services and welding equipment. In spite of
being a mature market, the welding consumables market is observing a continuous
technological advancement and upgradation of welding techniques in various welding
applications. The welding consumables market has been experiencing a change from
electrodes towards solid and flux cored wired due to higher production efficiency in
welding consumables products. Innovation and technological advancements in global
welding consumables market in order to develop techniques for wider application area is
anticipated to create further opportunity in global welding consumables market over the
coming years. Rising welding consumables requirement owing to growing welded steel
demand in commercial and residential building construction is expected to positively
impact the global welding consumables market in the coming future.
Global Welding Consumables Market: Drivers & Restraints
Global increase in demand from growing end use industries such as automobile,
transportation and infrastructure particularly in emerging economies of Asia Pacific is
expected to remain a key driving factor for global welding consumables market during
the forecast period. Rising welding consumables requirement owing to growing welded
steel demand in automotive and construction is anticipated to drive the market during
the forecast period. Apart from these new infrastructural projects in Asia Pacific and Latin
America is expected to drive the demand for global consumables market over the
forecast period.