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. The welding materials market has grown considerably in recent
times due to the development of the transportation industry and growth in the
building and construction activities in emerging economies such as China and
India. This is expected to remain a key driving factor for the market over the
next five years. However, environmental impact of welding materials shortage of
skilled labor and high labor cost restrain the growth of the market.
Browse 73 market data Tables and 41
Figures spread through 148 Pages and in-depth TOC on "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"
COVID-19 impact on global welding materials market
The welding materials industry was majorly impacted by
COVID-19. In the initial stages of the pandemic, factories in several countries
were forced to shut down as the governments implemented strict lockdowns to
stop the spread of the virus. After the lockdown was lifted and restrictions
were eased, welding material manufacturers were allowed to resume factory
operations but at a limited capacity and under several rules and regulations.
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Colfax Corporation
is into the gas & fluid handling technology & fabrication technology
business. The company supplies its products to government and commercial
consumers around the world. Its business operations are divided into three
segments under the brand names, Howden, Colfax fluid handling, and ESAB. The
main subsidiary of Colfax Corporation is ESAB, based in the UK. ESAB has 26
manufacturing plants in 4 continents and sales/support representatives in 80
countries. ESAB’s cutting and welding products include electrodes, cored and
solid wires, and fluxes. The company provides fabrication technology equipment
that ranges from portable welding machines to large customized cutting and
automated welding systems. ESAB is recognized for its expertise in
manufacturing products used in energy, machinery, power generation,
fabrication, construction, shipbuilding, transportation, and other sectors.
ESAB operates with over 10,000 employees across 35 facilities worldwide.
Illinois Tool Works
Inc. is one of the leading producers of various ranges of industrial products,
consumables, and equipment. The company manufactures arc welding equipment,
metal arc welding, consumables, metal jacketing, and other insulation products
that are further used in various welding equipment and technologies. The
company’s welding segment designs and produces value-added equipment and
specialty consumables with superior technology and is recognized for its
innovation to meet the need of customers. It operates in seven business
segments, namely, Automotive OEM, Test & Measurement and Electronics, Food
Equipment, Polymers and Fluids, Welding, Construction Products, and Specialty
products. The company operates with 84 locations in 55 countries and supplies
products to a large number of industries in North America, Europe, the Middle
East & Africa, APAC, and South America. ITW’s welding materials are marketed
by subsidiaries; Miller, Hobart, Tregaskiss, and Bernard.
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