World Industries Welding Consumables Market 2018 to 2025 Report

According to the global Welding Consumables Market report published by Value Market Research, the
market is expected to touch USD 19,205.8 MN by 2024, with a CAGR of 5.9% growing from USD 12,930.5
MN in 2017. This is a tailored made research service providing informative data and various critical
aspects of the market such as market outlook, market share, growth, and trends. Further, the report
also offers evidence-based information that helps to transform clients business and achieve their
business goals. Moreover, the report also highlights the key strategy of top players. Additionally, this
report covers a wide spectrum of services such as the latest technology trend, market opportunity
analysis, and competitive landscape.
The report also covers detailed competitive landscape including company profiles of key players
operating in the global market. The key players in the welding consumables market includes Corodur
Fülldraht GmbH, Daihen Corporation, The Lincoln Electric Company, ESAB, Tianjin Bridge Welding
Materials Group Co., Ltd., Illinois Tool Works Inc., Air Liquide, Voestalpine Böhler Welding Group GmbH,
Kiswel Inc., Kobe Steel, Ltd., Obara Group Inc., Promax Welding, Royal Arc Electrodes Limited and Vorarc
Welding CC. An in-depth view of the competitive outlook includes future capacities, key mergers &
acquisitions, financial overview, partnerships, collaborations, new product launches, new product
developments and other developments with information in terms of H.Q.
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Market Dynamics
Rise in the automobile and construction industry is the prime factor fueling the growth of the global
welding consumables market. Additionally, ongoing industrialization and rapid urbanization in
developing countries are the factors leading to the rise in construction projects, which in turn is raising
the demand for welding consumables across the various sector. The oil & gas industry is projected to be
a major end-user of welding consumables. Rehabilitation of existing oil infrastructure and construction
of new pipelines and gas manufacturing facilities are likely to increase due to rising demand for oil and
gas in the energy markets globally. On the flip side, the dearth of skilled labor in manufacturing
industries along with the high labor cost is expected to act as a restraint to global welding products
market.
This detailed market study is centered on the data obtained from multiple sources and is analyzed using
numerous tools including porter’s five forces analysis, market attractiveness analysis and value chain
analysis. These tools are employed to gain insights of the potential value of the market facilitating the
business strategists with the latest growth opportunities. Additionally, these tools also provide a
detailed analysis of each application/product segment in the global market of welding consumables.
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Market Segmentation