The Welding Consumables Market to witness rectified growth out of innovation between 2021 and 2031

 Welding is typically a sculptural process of joining various metals and thermoplastics together by means of coalescence. It is an economical and effective process for creating strong joints between two or more parts. Filler metals melt during the course of welding and give a strong joint. Flux is commonly used to produce a shield of gas around the weld pool for preventing the oxidation of hot metals. Flux typically acts as a deoxidizer preventing the formation of porosity in the weld pool. Flux and filler metals together are known as welding consumables. Welding finds application in various end-use industries such as building & construction, automobile & transportation, marine, power generation, and oil & gas etc.

The welding industry growth is highly dependent on the global steel consumption in various end-use industries. Stick electrode, flux-cored wires, solid wires, SAW wires and fluxes, etc. are some of the welding consumables employed during the welding process. However, flux does not form the final part of welding and is wasted during the course of welding. The global welding consumables market is projected to register a healthy CAGR during the forecast period, particularly in the growing economies such as China & India. The global welding consumables market is forecast to witness high growth over the forecast period owing to the positive outlook in various end-use industries such as the automotive & transportation, marine, and construction industries.

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 The chemicals and materials vertical would be witnessing an eco-friendly transformation in the upcoming period. Plastic waste recycling would be one amongst these green initiatives. This would also be an era of materials informatics, i.e. machine learning would be employed to the materials’ development, which would, apart from improving on the cost of R&D, also provide better agility.

Synthetic biology would be another trend ruling the roost, as it would facilitate more flexible distribution of the chemicals and also help in exploration of novel markets, that too, at lower costs. Persistence Market Research is into tabling of these details of the chemicals and materials vertical through its team of riveting analysts and consultants.

The principal trends that are positively impacting the growth of the market are the upcoming technologies that are being developed, and especially those technologies which are designed to weld thick metal parts. Also, the players in the global welding consumables market are inclined towards automation at different stages in the welding process, and it is predicted that the development of robots and automation software would be viable trends which would positively influence the growth of the global welding consumables market over the forecast period.

Market Segmentation

basis of welding technique	·         Arc welding ·         Resistance welding ·         Oxyfuel welding ·         Ultrasonic welding ·         Others (laser beam welding, etc.)
basis of welding consumables type	·         Stick electrodes ·         Solid wires ·         Flux-cored wires ·         SAW wires ·         Fluxes ·         Others (including gases, etc.)
basis of end-use industry	·         Automotive & transportation ·         Building & construction ·         Marine ·         Power ·         Oil & gas ·         Others (including maintenance and repair, etc.)

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In 2014, the stick electrode segment witnessed dominance in the global welding consumables market, constituting for a major market share, closely trailed by the solid wires segment. However, the solid wires and stick electrodes segment are predicted to lose share in the global welding consumables market on account of the increasing popularity of SAW wires and flux-cored wires segment.

The global construction industry is booming and is anticipated to be one of the primary reasons driving the growth of the global welding consumables market. The rise in the construction activities globally is projected to lead high demands for welding consumables in the construction industry, fueling the growth of the global welding consumables market over the forecast period.

The global welding consumables market is projected to witness a considerable growth in CAGR from 2015 to 2025. Currently, North America and Europe are the matured market for welding consumable providers. However, Asia-Pacific, and MEA are expected to become lucrative regional market for key players operating in the global welding consumables market. FMI forecasts, the market in Asia-Pacific region is expected to grow at fastest CAGR over the forecast period. Some of the key players operating in the global welding consumables market are, Bohler Welding, ESAB, Hyundai, Lincoln Electric, Air Liquide, ARCON Welding, Denyo, Fronius International, Illinois Tool Work, ITW, Kemppi, Kobelco, OBARA, Panasonic, Tianjin Bridge Welding Materials Group

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