The global welding wires market size was valued at USD 9,678.4 Million in 2018 is expected to reach USD 14,636.7 Million by 2026, exhibiting a CAGR of 5.4%.
The increasing R&D investments for the development of advanced welding technologies is a key factor driving the global welding wires market, says Fortune Business Insights in a report, titled “Welding Wires Market Size, Share & Industry Analysis, By Type (Metal Inert Gas (MIG) Wire, Tungsten Inert Gas (TIG) Wire and Others), By Industry (Automotive, Building & Construction, Oil & Gas and Others) and Regional Forecast, 2019-2026.”
As per the report, the welding wires market on the basis of Industry is segmented into automotive, building & construction, oil & gas and others. The building & construction segment is expected to witness high growth by 85% to USD 8 trillion in the coming future owing to the product innovations and technological opportunities in building and construction sector. the welding wires market trends include the introduction of drones, 3D scanning, and printing, augmented reality, Building Information Modelling (BIM).
To Gain More Insights into the Welding Wires Market, Browse Summary of the Research Report – https://www.fortunebusinessinsights.com/industry-reports/welding-wires-market-101597
The Prominent Companies Operating in The Global Welding Wires Market Include:
- The Lincoln Electric Company
- KOBE STEEL, LTD
- Ador Welding Ltd.
- ZULFI WELDING ELECTRODES FACTORY CO. LTD
- Kiswel Ltd.
- Chosun Welding Co., Ltd.
- Gedik Welding
- Tianjin Golden Bridge Welding Materials Group International Trading Co., Ltd.
- Capilla Welding Materials GmbH
- FSH WELDING GROUP
- RME MIDDLE EAST FZCO
In addition, the building & construction industry is growing at a rapid pace with 6% of global GDP, and nearly 8% of GDP from developing countries such as India, leading to growth in shipbuilding, pipe construction and others. The report provides a comprehensive summary of various aspects of the welding wires market, namely, growth drivers, obstacles, prominent market players, and key industry developments. Moreover, it presents accurate market figures, size, and volume. Along with this, it provides extensive data attributed to the leading segments of the market.
Market Segmentation –
- By Type
- Metal Inert Gas (MIG) Wire
- Tungsten Inert Gas (TIG) Wire
- Others (SAW Wires, etc.)
- By Industry
- Building & Construction
- Oil & Gas
- Others (Aerospace & Defence)
- By Geography
- North America (U.S. and Canada)
- Europe (U.K., Germany, France, Italy, and Rest of Europe)
- Asia Pacific (Japan, China, India, and Rest of Asia Pacific)
- Middle East & Africa (South Africa, GCC and Rest of Middle East & Africa)
- Latin America (Brazil, Mexico, and Rest of Latin America)
Request a Sample Copy of the Global Market Research Report –
Metal Inert Gas (MIG) Wire to Hold Lion’s Share
The welding wires market on the basis of type is segmented into metal inert gas (MIG) wire, tungsten inert gas (TIG) wire, and Others. MIG wires segment is expected to witness high demand during the forecast period owing to its increasing demand in the arc welding process. MIG wires are manufactured using various raw materials namely stainless steel, nickel alloy, aluminum, cobalt, and others, providing high tensile strength for the welding process. MIG wire serves as both heat source and filler metal for thin sheet and thick section components welding. MIG accounts for more than 50% of its usage in most industrial sectors as it offers flexibility and is suitable for mechanization.In addition, The tungsten inert gas (TIG) wire, and Others segment is expected to witness considerable growth during the forecast period.
Purchase Full Report for Exclusive Welding Wires Market Growth Forecast – https://www.fortunebusinessinsights.com/checkout-page/101597
Other Exclusive Reports:
Fortune Business Insights™ offers expert corporate analysis and accurate data, helping organizations of all sizes make timely decisions. Our reports contain a unique mix of tangible insights and qualitative analysis to help companies achieve sustainable growth. Our team of experienced analysts and consultants use industry-leading research tools and techniques to compile comprehensive market studies, interspersed with relevant data.
Name: Ashwin Arora
Email: [email protected]
Phone: US +1 424 253 0390 / UK +44 2071 939123 / APAC: +91 744 740 1245