Pune, India -- (SBWire) -- 01/29/2018 --Market Research Future Published a Half Cooked Research "Global Welding Materials Market Research Report - Forecast to 2022" - Market Analysis, Scope, Stake, Progress, Trends and Forecast up to 2022.
Air Products and Chemicals Inc., Illinois Tools Works Inc., Sandvik AB, Praxair Incorporated, Air Liquide S.A., Colfax Corporation, The Linde Group, Lincoln Electric Holdings, Inc., and Tianjin Bridge Welding Materials Group Co., Ltd. among others are some of the prominent players at the forefront of competition in the Global Welding Materials Market and are profiled in MRFR Analysis.
Welding Materials Market – Market Overview
Welding Materials are various materials that are used in the process of welding ranging from metals to gases. Based on the categories of welding materials it can be classified into electrodes, filler materials, fluxes, wires and welding gases. The market dynamics of welding materials are highly dependent on the growth of its major end use industries such as automotive & transportation, process industry, building & construction, and heavy machineries among others. Welding operation being an integral part of the latter industries the variation of trends in these industries are directly proportional to the growth of Welding Materials Market.
Economic crisis in 2008-09 had a hostile effect on the housing market in the developed nations, with the current economic growth housing market in the mature markets are regaining stability and it is expected to pace up in the recent future. In context with housing market recovery, the construction activities in the mature regions is expected to increase, thus, demand for welding materials among the building and construction sector is expected boost the Welding Materials Market.
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On the plus side, rapid urbanization and increasing urban population in the emerging nations such as, Asia-Pacific, MEA and Eastern Europe coupled with infrastructural developments in these regions are some of the growth prospects for Welding Materials in emerging markets. Furthermore, the increasing business opportunities in the Asia Pacific has witnessed process industries expanding its presence in the region with new production plants to capture new market avenues in the region. As per IMF statistics, the 30% of FDI was in the Asia Pacific region. Thus, on a holistic note the latter mentioned factors can be attributed towards the growth of Welding Materials Market.
Amidst the decline in oil prices in the GCC, construction activities in the region still remains as a strong indicator for economic growth in the region. The construction activities is expected to stimulate in the coming years with an overall capital spending in GCC estimated at USD 480 billion of which 65% will be towards infrastructure development. Accounting for the latter mentioned factors it is healthy to assume a pool of market opportunities for Welding Materials in the Middle East.
Welding Materials Market – Competitive Analysis
The Welding Materials Market is a fragmented market, the competition is intense among the players operating in this market with increasing demand for welding materials players operating in the market wants to capture maximum share in the market. Some of the strategies adopted by the players operating in the market includes, process and product innovations to suit the specific industry requirements and geographical expansions. For instance, nexAir leading supplier of gases and welding supplies acquired Moore Oxygen Supply Inc. to enhance the product folio industrial gases and welding supplies in the North America region.
Industry/ Innovation/ Related News:
July, 2017 – nexAir leading supplier of gases and welding supplies acquired Moore Oxygen Supply Inc. to enhance the product folio industrial gases and welding supplies in the North America region. The company can gauge on the welding material demand from the construction industry in the region with its regained stability.
October, 2017- Sandvik Materials Technology completed its agreement to divest welding wires operation to ESAB, a leading player in the welding supplies market. This deal includes the production units in Sandviken, Sweden and Scranton, US as well as the global sales and product management organization. With this deal ESAB has the opportunity to serve their customers with the addition of Sandvik's boarder portfolio of stainless steel and nickel filler metals.
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Welding Materials Market Challenges, Key Players, Industry Segments, Development, Opportunities, Forecast Report 2022
Global Welding Materials Market Information by Type (Electrodes, Flux & Wires, Gases, and others) by Application (Construction, Transportation, Oil & Gas, Power, and others) and by Region - Forecast to 2022