Global Solid Wires Market 2017-2021

About Solid Wires

Welding consumables broadly constitute welding wires, flux, stick electrodes, and filler metals. All these materials undergo melting to join two metals strongly and help protect the molten weld from any form of atmospheric contaminant. Welding wires are primarily used in arc welding and oxy-fuel welding technologies. Solid wires are widely used in metal inert gas welding that needs a shielding gas delivered from pressurized gas bottles. The shielding gas helps in protecting the molten weld pool from all atmospheric contaminants.

Technavio’s analysts forecast the global solid wires market to grow at a CAGR of 4.22% during the period 2017-2021.

Covered in this report

The report covers the present scenario and the growth prospects of the global solid wires market for 2017-2021. To calculate the market size, the report considers new installations and replacement market.

The market is divided into the following segments based on geography:

• Americas
• APAC
• EMEA

Technavio's report, Global Solid Wires Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors

• Colfax (ESAB)
• Hyundai Welding
• Illinois Tool Works (ITW)
• The Lincoln Electric Company

Other prominent vendors

• Ador Fontech Limited
• Ador Welding
• Air Liquide
• Berkenhoff
• BOC (The Linde Group)
• Ceweld Nederland
• D&H Sécheron
• Daido Steel
• Gedik Welding
• Harris Products Group
• Haynes International
• Hobart Brothers Company
• IABCO
• ITALFIL
• Jiangsu ZhongJiang Welding Wire
• KEI Industries
• Kobe Steel
• LaserStar Technologies
• Luvata
• Heico Wire Group
• NovaTech
• Saarstahl
• Sandvik (Sandvik Materials Technology)
• Sumitomo Electric Industries
• The Indian Steel & Wire Products
• Tianjin Bridge Welding Materials Group
• voestalpine Böhler Welding
• WeldWire

Market driver

• Positive outlook of the global construction sector
• For a full, detailed list, view our report

Market challenge

• Introduction of new welding technology involves greater R&D expenses
• For a full, detailed list, view our report

Market trend

• Addressing the issue of growing skill gap
• For a full, detailed list, view our report

Key questions answered in this report

• What will the market size be in 2021 and what will the growth rate be?
• What are the key market trends?
• What is driving this market?
• What are the challenges to market growth?
• Who are the key vendors in this market space?

Press Release

Technavio Announces the Publication of its Research Report – Global Solid Wires Market 2017-2021

Technavio recognizes the following companies as the key players in the global solid wires market: Colfax (ESAB), Hyundai Welding, Illinois Tool Works (ITW), and The Lincoln Electric Company.

Other Prominent Vendors in the market are: Ador Fontech Limited, Ador Welding, Air Liquide, Berkenhoff, BOC (The Linde Group), Ceweld Nederland, D&H Sécheron, Daido Steel, Gedik Welding, Harris Products Group, Haynes International, Hobart Brothers Company, IABCO, ITALFIL, Jiangsu ZhongJiang Welding Wire, KEI Industries, Kobe Steel, LaserStar Technologies, Luvata, Heico Wire Group, NovaTech, Saarstahl, Sandvik (Sandvik Materials Technology), Sumitomo Electric Industries, The Indian Steel & Wire Products, Tianjin Bridge Welding Materials Group, voestalpine Böhler Welding, and WeldWire.

Commenting on the report, an analyst from Technavio’s team said: “One trend in the market is addressing the issue of growing skill gap. The global welding industry is anticipated to witness a massive deficit of skilled workforce. This is an alarming situation that will impact the fabrication and manufacturing industry significantly.”

According to the report, one driver in the market is positive outlook of the global construction sector. The global solid wires market is expected to be driven by the overall construction industry. Welding consumables, such as stick electrodes and wires are widely used in the construction industry, especially for the welding of structural steel. The use of structural steel within the construction industry has become imperative and is considered an important raw material. Developments in new steel applications call for innovations in welding technology. Proper welding of structural steel ensures the reliability, durability, and safety of steel structures.

Further, the report states that one challenge in the market is introduction of new welding technology involves greater R&D expenses. The need to introduce new technology for various welding applications in different end-user industries is posing a major challenge in the welding automation market. To enhance productivity, performance, and safety, many industries, such as automotive, power, energy, and heavy machinery, are increasingly focusing on upgrading technologies and replace the existing ones. The demand for technologically upgraded products of robotics, gantry systems, or work cells is increasing as it helps end-users reduce the cost of production, produce better quality products, and speed up the production process.

Companies Mentioned

Colfax (ESAB), Hyundai Welding, Illinois Tool Works (ITW), The Lincoln Electric Company, Ador Fontech Limited, Ador Welding, Air Liquide, Berkenhoff, BOC (The Linde Group), Ceweld Nederland, D&H Sécheron, Daido Steel, Gedik Welding, Harris Products Group, Haynes International, Hobart Brothers Company, IABCO, ITALFIL, Jiangsu ZhongJiang Welding Wire, KEI Industries, Kobe Steel, LaserStar Technologies, Luvata, Heico Wire Group, NovaTech, Saarstahl, Sandvik (Sandvik Materials Technology), Sumitomo Electric Industries, The Indian Steel & Wire Products, Tianjin Bridge Welding Materials Group, voestalpine Böhler Welding, and WeldWire.