Automation of Welding Procedures to Augment the Development of the Global Welding Consumables Market

Valley Cottage, New York, Nov. 07, 2017 (GLOBE NEWSWIRE) -- The global welding consumables market is anticipated to witness a tremendous growth in coming years. Despite the fact that the welding consumables industry cases of a couple of worldwide sellers that take into account distinctive geologies on the planet, the industry is exceedingly populated by provincial merchants too. On the premise of welding consumables, the stick electrodes fragment represented 40.5% of share in 2016 and is relied upon to extend at a critical CAGR over the forecast period from 2012 to 2016. The building and construction segment represented 16.8% esteem share in 2016 and is expected to grow at a CAGR of 5.9% over the estimate time frame, because of expanding building and development exercises in rising nations, for example, India and China. Asia Pacific barring Japan is required to command the market with 32.4% of share in year 2016 and is foreseen to stay predominant all through the estimate time frame. The worldwide welding consumables market was esteemed at US$ 13,368.0 Mn in 2016 and is relied upon to enroll a CAGR of 5.7% as far as incentive over the conjecture time frame.

Innovations to Weld Thick Metals to Fuel the Market Demand for Welding Consumables

Welding consumables are broadly utilized as a part of end-client ventures, for example, development, vitality, car and transportation, and ship-building. The key patterns that are decidedly affecting the development of the market are the up and coming innovations that are being produced, and particularly those advances which are intended to weld thick metal parts. Likewise, the players in the worldwide welding consumables market are slanted towards robotization at various stages in the welding procedure, and it is anticipated that the improvement of robots and mechanization programming would be suitable patterns which would strongly impact the development of the worldwide welding consumables market over the figure time frame.

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Increase in End-Use Product to Augment the Market Growth

Transition and filler metals are known as welding consumables. These welding consumables dissolve while joining two metals to help shape a solid joint and shield liquid weld from air regulations. Welding consumables are mostly utilized as a part of the circular segment welding and oxy-fuel welding process. In circular segment welding innovation, welding consumables are generally utilized as a part of gas metal arc welding (GMAW), submerged arc welding (SAW), shielded metal arc welding (SMAW), flux-cored arc welding (FCAW), and flux-cored arc welding (FCAW). Additionally, protected gasses are basically utilized as a part of oxy-fuel welding, gas tungsten arc welding (GTAW), and gas metal arc welding (GMAW).

Development of the worldwide welding items and consumables market is relied upon to be fuelled by expanding number of end-utilize applications, in which distinctive sorts of welding procedures can be utilized. Be that as it may, a moderate reception of cutting edge welding advances in creating nations, for example, China and India are the significant restrictions for development of the welding consumables and methods market in the APEJ area.

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Development in the construction business particularly in rising economies, for example, India and China is relied upon to be the key factor driving interest for welding consumables. Industrialization and quick urbanization in creating nations are factors prompting the ascent in development ventures, which thus is relied upon to bring about appeal for welding consumables. Fast development in the vehicle and development industry is the essential factor driving development of the worldwide welding consumables market.

Expanding requirement for welding mechanization innovation in manufacture is relied upon to be one of the significant patterns fuelling development of the worldwide welding consumables and procedures market in the coming years. In created nations, interest for welding computerization innovation for manufacture and assembling designs is expanding attributable to a developing deficiency of talented work.

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The study presented here is based on a report by Future Market Insights (FMI) titled, “Welding Consumables Market: Market Value to Witness 1.7X Increase by the End of the Forecast Period: Global Industry Analysis 2012 - 2016 and Opportunity Assessment 2017 – 2027.”

Key Segments Covered

By Welding Consumables

• Stick Electrodes
• Solid Wires
• Flux Cored Wires
• SAW Wires & Fluxes
• Others

By Welding Technique

• Arc Welding
• Oxy-fuel Welding
• Laser-beam Welding
• Others

By Application

• Automotive & Transportation
• Building & Construction
• Marine applications
• Others

By Region

• North America
• Latin America
• Western Europe
• Eastern Europe
• Asia Pacific excluding Japan (APEJ)
• Middle East & Africa (MEA)
• Japan

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