Welding Materials Market Global Industry Size, Growth, Trends, Share and 2023 Forecasts Report 2019

Welding Materials Market 2018 | Industry Share, Size, Growth Opportunities, Business Strategies, CAGR Rate and Forecast Period 2023

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Welding Materials Market 2019

Welding Materials Market Size, Share, Trends, Supply, Demand, Growth, Industry Outlook and Forecast To 2022 Welding Materials Market Current Scenario: The global Welding Materials market is expected to cross USD 16 Billion by 2022. The market is expected to grow at a CAGR of approximately 5% in the forecasted period. The market for welding materials is driven by the increasing demand for such materials from the transportation, manufacturing, and building & construction industries. The market is highly application based and is dominated by demand from the end-use industries. It is used extensively in all the processes that consume steel across various industries. Electrode accounts for the largest share in the welding materials market by type in 2015. The market for electrodes is highly driven by its demand and cost effectiveness across various applications. The trend is expected to be similar by 2022. The market is expected to grow rapidly both in value and volume.

Key Players for Welding Materials Market:

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.

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Welding Materials Market 2019 Regional Analysis of Global Welding Materials Market : APAC is the largest as well as the fastest growing market for Welding Materials, followed by North America and Europe. The share of APAC is attributed to the huge demand for welding materials in the regions of China, Japan and India. The largest consumers of these materials are transportation & automobile industry, which are growing rapidly in these emerging nations. The demand is further fueled by the construction industry in the region.

There is been a lot of investment in infrastructure due to fast urbanization and industrialization. All the steel consuming industries by far require the welding technology which augments the market in APAC for welding materials.

Target Audience: •

Manufactures

• Raw Materials Suppliers • Aftermarket suppliers • Research Institute / Education Institute • Potential Investors • Key executive (CEO and COO) and strategy growth manager Enquiry of the Report: https://www.marketresearchfuture.com/enquiry/1726

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Welding Materials Market 2019

Product Analysis: •Product matrix which gives a detailed comparison of the market for different recycled product types Study Objectives of Global Welding Materials Market : •To provide detailed analysis of the market structure along with forecast for the next 6 years of various segments and sub-segments of the global Welding Materials market •To provide insights about factors affecting the market growth •To analyze the global Welding Materials market based on various factors- price analysis, supply chain analysis, porters five force analysis etc.

•To provide historical and forecast revenue of the market segments and sub-segments with respect to four main geographies and their countries- North America, Europe, APAC, and Rest of the World (ROW) Additional Information •Regulatory Landscape •Pricing Analysis •Macroeconomic Indicators

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Welding Materials Market 2019 Industry/ Innovation/ Related News: June 7, 2017 –

Latrobe Magnesium Ltd (Australia), a leading magnesium development company, announced that the company has decided to start a magnesium production plant in Victoria’s Latrobe Valley by adopting a combined hydromet/thermal reduction process. In this extraction process, Welding Materials is produced from industrial fly ash which is termed as a waste stream from brown coal power generation. The preliminary studies about the technology, and developments about the production is started in December 2015 and planned to be completed in March 2018.

The ordering of plant is expected to start in July 2018, with the product set to be out in the market after twelve months. Additionally, the plant is planned to locate at the centre of Victoria’s coal power generation precinct to provide a continuous access to feedstock. The Japanese and American distributors have already signed an agreement with the company to buy the opening 3000 tpa production, along with the majority portion of its 40000 expanded plant’s production. Moreover, the plant life is expected to be around 20 years and it is the world’s first magnesium extraction from fly ash.

October 14, 2016 – US Magnesium LLC (U.S.) a magnesium producing company, declared that the brownfield expansion of its magnesium production facility from 63500 to76500 has been delayed. The greater number of equipment for metallurgical and chemical portions of this production process have already been installed. However, spending on the plant is estimated to be more than initially planned but the commencement of project is not expected to start before 2018.

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