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Report updated on 11th September, 2021: Global Welding Products Market 2021 (Includes Business Impact of COVID-19)Global Welding Products Market Analysis Trends, Applications, Analysis, Growth, and Forecast to 2030 is a recent report generated by Trusted Business Insights. The global welding products market report has been segmented on the basis of product, technology, application, and region.The global welding products market size was valued at USD$ 14.03 billion in 2020 and is projected to reach $24.89 billion by 2030 is anticipated to expand at a CAGR of 5.89% over the forecast period from 2020 to 2030.
Global Welding Products Market: OverviewWelding is a process of joining similar materials such as metals or thermoplastics by applying heat and pressure to materials which are being joined. Welding products are used across various industrial applications such as automotive, marine, manufacturing, building, and construction.
Global Welding Products Market: DynamicsRapidly growing building and construction industry across various countries is a key factor expected to drive growth of the global market over the forecast period. In addition, rising demand for technologically advanced welding technology from automotive and transportation industry is another factor expected to further fuel growth of the target market over the forecast period. Moreover, increasing investments in research and development activities by manufacturers in order to develop new welding techniques are expected to boost growth of the target market over the forecast period. However, lack of skilled employees in manufacturing sector and rising labor costs are some major factors expected to restrain growth of the global market over the forecast period. Technological advancements in welding technology and development of new techniques are some factors expected to create potential revenue opportunities for players operating in the target market over the forecast period. Manufacturers operating in the target market are focusing on development of innovative products and technologies in order to improve their business by improving product offerings and services. In addition, development of business strategies such as joint ventures, mergers, acquisitions, etc., are some other factors expected to support growth of the target market.
Global Welding Products Market: Segment AnalysisAmong the product segments, the stick electrodes segment is expected to register significant growth owing to their properties such as high tensile strength, corrosion resistance, etc. Among the technology segments, the arc welding segment is expected to dominate in the global market and is expected to continue its dominance over the forecast period. Among the application segments, the automobiles and transportation segment is expected to register significant growth in terms of revenue over the forecast period, owing to increasing demand for welding products for manufacturing various automobile and related components.
Global Welding Products Market: Regional AnalysisThe market in Asia Pacific is expected dominate in the global market and is expected to continue its dominance over the forecast period. This dominance can be contributed to rapidly growing industrial growth and favorable government regulations across various countries over the forecast period. In addition, huge presence of many manufacturing firms across countries such as China and India is another factor expected to support growth of the target market in Asia Pacific region. The market in North America is expected to register significant growth in terms of revenue over the forecast period, owing to increasing demand for welding products from building and construction industry across various countries in this region.
Below are the active patents related to Welding Products Market.Patent Number: EP1698428A1 Welding flux Abstract A welding flux formulated for pipe welding or one-side welding applications including a gas releasing agent, a high melting compound and a low melting compound. The welding flux is particularly formulated for limited pass welding applications which exhibit high impact strength, good slag detachability, low weld metal hydrogen and nitrogen absorption, and facilitates in the formation of smooth and consistent weld beads. Application File Date: 2005-12-02 Application Granted Date: 2016-11-23 Current Assignee: Lincoln Global Inc Patent Number: EP3031570A1 Flux for submerged arc welding Abstract Provided is a flux for submerged arc welding that has good welding workability and can reduce the diffusion hydrogen content in a weld metal in the use of either an AC or a DC welding power source. The flux for submerged arc welding includes Al2O3: 15 to 35% by mass; SiO2: 10 to 30% by mass; MgO: 10 to 25% by mass; F (in terms of CaF2): 10 to 25% by mass; Mn (in terms of MnO): 3 to 20% by mass; Na (in terms of Na2O) and/or K (in terms of K2O) : 0.5 to 4.5% by mass in total; and Fe (in terms of FeO): 0.5 to 8% by mass, in which a CaO content is restricted to 6% by mass or less, a water-soluble SiO2 is restricted to less than 1% by mass, and the flux has a composition that satisfies the following formula (I):0.2≤[MgO ([Al2O3]/+[MnO])≤0.8(I). Application File Date: 2014-05-27 Application Granted Date: 2020-06-17 Current Assignee: Kobe Steel Ltd Patent Number: US9230449B2 Welding training system Abstract A system for training welders that includes a data generating component, a data capturing component and a data processing and visualization component. The data generating component operates in real time and derives data from an actual manually-executed weld and further includes a weld process-specific jig, a calibration block positioned on the jig, wherein the geometric configuration of the calibration block is specific to a particular type of weld joint, a weld coupon positioned on the welding process-specific jig adjacent to the calibration block, a welding gun for use by a trainee, wherein the welding gun is operative to form the weld; and at least one target mounted on the welding gun that is recognized by the data processing and visualization component for providing multidimensional position and orientation feedback to the trainee. Application File Date: 2010-12-13 Application Granted Date: 2016-01-05 Current Assignee: Lincoln Global Inc
Global Welding Products Market Segmentation:Segmentation by product:
Table of Contents Chapter 1. Methodology and Scope 1.1. Research Methodology 1.2. Research Scope & Assumptions 1.3. List of Data SourcesChapter 2. Executive SummaryChapter 3. Global Welding Products Market Outlook 3.1. Market Segmentation 3.2. Market Size and Growth Prospects, 2016 - 2027 3.3. Value Chain Analysis 3.4. Market Dynamics 3.4.1. Market driver analysis 3.4.2. Market restraint analysis | read more...