The increasing spending on the building & construction market, development of manufacturing sectors, and growing repair & maintenance activities are likely to drive the welding materials market. APAC is the fastest-growing market for welding materials due to growing demand in Japan, China, and India. Increasing residential building constructions, as well as remodelling/reconstruction of existing infrastructures, are expected to drive the welding materials market in the region.
The arc welding segment is projected to lead the global welding materials market through 2025
Arc welding has the advantage of high heat concentration during the welding process wherein an electric arc is produced in between the electrode & base materials that melt the metals. The major advantage of arc welding is the concentration of heat applied to a large surface that enables better welding by providing a depth of penetration, which ultimately reduces the welding time. Arc welding is the most preferred wel
Welding Materials Market worth $17.3 billion by 2025 - Exclusive Report by MarketsandMarkets
CHICAGO, March 5, 2021 /PRNewswire/ According to the new market research report 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 , published by MarketsandMarkets, 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.
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