Global Welding and Brazing Consumables Market Growth 2023-2029

Global Welding and Brazing Consumables Market Growth 2023-2029

Product Code:461847

Published Date: Feb 08,2023

Pages: 98

Region: Global

Category: Chemical & Material

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Welding and brazing is the process of joining metals and thermoplastics by means of coalescence. It is an economical and effective process for creating strong joints between two or more parts. Filler metals melt during welding to create a strong joint. Flux is commonly used to produce a shield of gas around the weld pool to prevent oxidation of the hot metals. Flux typically acts as a deoxidizer preventing the formation of porosity in the weld pool. Flux and filler metals together are known as welding consumables.

LPI (LP Information)' newest research report, the “Welding and Brazing Consumables Industry Forecast” looks at past sales and reviews total world Welding and Brazing Consumables sales in 2022, providing a comprehensive analysis by region and market sector of projected Welding and Brazing Consumables sales for 2023 through 2029. With Welding and Brazing Consumables sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Welding and Brazing Consumables industry.

This Insight Report provides a comprehensive analysis of the global Welding and Brazing Consumables landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Welding and Brazing Consumables portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Welding and Brazing Consumables market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Welding and Brazing Consumables and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Welding and Brazing Consumables.

The global Welding and Brazing Consumables market size is projected to grow from US$ million in 2022 to US$ million in 2029; it is expected to grow at a CAGR of % from 2023 to 2029.

According to the report, Saudi Arabia revenue for Welding and Brazing Consumables is expected to grow between 2020 and 2025. Of the major players of Welding and Brazing Consumables, Colfax maintained its first place in the ranking in 2019. Colfax accounted for 22.76% of the Saudi Arabia Welding and Brazing Consumables revenue market share in 2019. Other players accounted for 18.66% and 6.72% including Lincoln Electri and Voestalpine Böhler Welding. On the basis of product type, Welding Consumables segment is projected to account for the largest revenue market share during the forecast period; this segment accounted for 71.68% share in 2019. Brazing Consumables held the rest of market with 28.32% in 2019. In the applications, Automotive segment was estimated to account for the highest revenue market share of 23.81% in 2019. Construction segment accounted for the second highest revenue market share with 16.07% in 2019.

This report presents a comprehensive overview, market shares, and growth opportunities of Welding and Brazing Consumables market by product type, application, key manufacturers and key regions and countries.

Market Segmentation:
Segmentation by type
    Welding Consumables
    Brazing Consumables

Segmentation by application
    Automotive
    Construction
    Aerospace & Defense
    Shipbuilding
    Pipe
    Air Conditioner & Refrigerator
    Others

This report also splits the market by region:
    Americas
        United States
        Canada
        Mexico
        Brazil
    APAC
        China
        Japan
        Korea
        Southeast Asia
        India
        Australia
    Europe
        Germany
        France
        UK
        Italy
        Russia
    Middle East & Africa
        Egypt
        South Africa
        Israel
        Turkey
        GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
    Colfax
    Lincoln Electri
    Voestalpine Böhler Welding
    ITW
    Gedik Welding
    Wall Colmonoy
    Kobelco
    Lucas-Milhaupt
    Materion

Key Questions Addressed in this Report
What is the 10-year outlook for the global Welding and Brazing Consumables market?
What factors are driving Welding and Brazing Consumables market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do Welding and Brazing Consumables market opportunities vary by end market size?
How does Welding and Brazing Consumables break out type, application?
What are the influences of COVID-19 and Russia-Ukraine war?