Welding Materials Market worth $17.3 billion by 2025 The report " Welding Materials Market by

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Welding
Materials Market worth $17.3 billion by 2025

The report "Welding
Materials Market
by Type (Electrodes & Filler Materials, Fluxes & Wires, Gases),
Technology (Arc, Resistance, Oxy-Fuel Welding), End-use Industry
(Transportation, Building & Construction, Heavy Industries), & Region -
Global Forecast to 2025" The welding
materials market is projected to grow from USD 13.6 billion in 2020 to USD 17.3
billion by 2025, at a CAGR of 4.8% during the forecast period.

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Browse in-depth TOC on "Welding Materials Market"

73 - Tables

41 - Figures

148 – Pages

The increasing spending on the building & construction
market, development of manufacturing sectors and growing repair &
maintenance activities are likely to drive the welding materials market. APAC
is the fastest-growing market for welding materials due to growing demand in
Japan, China, and India. Increasing residential building constructions, as well
as remodeling/reconstruction of existing infrastructures, are expected to drive
the welding materials market in the region.

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The arc welding segment is projected to lead the global
welding materials market through 2025

Arc welding has the advantage of high heat concentration
during the welding process wherein an electric arc is produced in between the
electrode & base materials that melt the metals. The major advantage of arc
welding is the concentration of heat applied to a large surface that enables
better welding by providing a depth of penetration, which ultimately reduces
the welding time. Arc welding is the most preferred welding technology due to
its low cost and can be applied to a wide range of metal surfaces.

The fluxes & wires segment is projected to grow at
the highest CAGR in the welding materials market during the forecast period

The fluxes & wires segment is projected to grow at
the highest CAGR in the welding materials market from 2020 to 2025. Flux is a
chemical agent, which is used to clean a surface or can be used as a purifying
agent. The flux material is used to dissolve the oxides by releasing gases that
are trapped on the surface. Fluxes also help remove the impurities from the
base metal surface that can further provide a good blending between the base
metal and the filler material surface.

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The Asia Pacific is projected to hold the largest share
in the welding materials market during the forecast period

The increasing number of new housing units and huge
investments in the infrastructural sector are also fueling the demand for
welding materials in this region. According to the World Bank, APAC is the
fastest-growing region in terms of both population and economic growth. The
region has experienced significant growth in the last decade and accounted for
approximately 34% of the global GDP in 2019. According to the Population
Reference Bureau, China, India, and other emerging APAC countries had a combined
population exceeding 4 billion in 2019, which is projected to become an
increasingly important driver for global consumption over the next two decades.

Key players operating in the welding materials market are
as Colfax Corporation (US), Air Liquide S.A. (France), Air Products &
Chemicals (US), Illinois Tool Works (US), Linde PLC (UK), Lincoln Electric
Holdings (US), Tianjin Bridge Welding Materials Group (China), and Kobe Steel
(Japan). These players have adopted various growth strategies to expand their global
presence and increase their market share.

For More Insights on Welding Materials Market- https://www.prnewswire.com/news-releases/welding-materials-market-worth-17-3-billion-by-2025--exclusive-report-by-marketsandmarkets-301241362.html

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