Global Welding Wires Market 2017-2021

Global Welding Wires Market 2017-2021

About Welding Wires

Welding consumables broadly constitute filler metals, stick electrodes, welding wires, and flux. These materials undergo melting to join two metals strongly and help protect the molten weld from any form of atmospheric contaminants. Welding wires are primarily used in arc welding and oxy-fuel welding technologies.

Technavio’s analysts forecast the global welding wires market to grow at a CAGR of 4.02% during the period 2017-2021.

Covered in this report

The report covers the present scenario and the growth prospects of the global welding wires market for 2017-2021. To calculate the market size, the report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.

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

• Americas
• APAC
• EMEA

Technavio's report, Global Welding 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

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

Market driver

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

Market challenge

• Emergence of friction stir welding technology in the automotive sector
• For a full, detailed list, view our report

Market trend

• Addressing the issue of growing skills 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?
• What are the market opportunities and threats faced by the key vendors?
• What are the strengths and weaknesses of the key vendors?

Press Release

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

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

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

Commenting on the report, an analyst from Technavio’s team said: “One trend in the market is addressing the issue of growing skills gap. The global welding industry is expected to witness a massive shortfall of a 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 welding wires market is expected to be impacted significantly due to a positive outlook of the overall construction industry. Welding consumables, such as wires and stick electrodes, are used extensively in the construction industry, especially for the welding of structural steel.

Further, the report states that one challenge in the market is emergence of friction stir welding technology in the automotive sector. Friction stir welding technology is a unique and innovative technique of joining two metals by using frictional heat, coupled with a precisely controlled forging pressure. The final product possesses high integrity and is defect-free. Mechanical distortions are eliminated as the entire operation takes place under a low operating temperature.

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