Tag: Welding Consumables Market

Welding Consumables Market 2014 Share, Trend, Segmentation and Forecast to 2020

The report on the India welding consumables market provides a comprehensive explanation of the market through multiple analyses, measurements, and forecasts. Core figures of the India welding consumables market are provided in kilo tons for volume and INR mn for value and revenue.

The report employs means that track the macro as well as micro changes that have occurred in the India welding consumables market so far. The report aims to present a clearer picture of the India welding consumables market’s competitive landscape in order for the report’s user to be fully informed before making a strategic maneuver.

The research methodologies used to evaluate the India welding consumables market are both primary and secondary, with the former taking up the bulk of the overall research efforts, while still keeping the latter as extensive as possible. The report takes into account multiple product literatures obtained from key players, along with other sources of information such as press releases, annual company reports, and other crucial documents that help understand the market better. Secondary research patterns include data derived from governmental statistical sources, Internet data, and recent trade activities and their role in the bigger picture of the India welding consumables market.

Some of the major sources utilized to compile the research report on the India welding consumables market are documents released by the International Aluminum Institute, Steel Manufacturers Association, Welding Design & Fabrication, The Indian Ferro Allow Producers Association, and the Department of Scientific and Industrial Research.

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Overview of the India Welding Consumables Market

The India welding consumables market is expected to exhibit a CAGR of 5.60% from 2014 to 2020. The market’s value as recorded in 2013 was INR30.8 bn. The overall value of the India welding consumables market is expected to reach INR45.3 bn by the end of 2020. By volume, the India welding consumables market stood at 255.1 kilo tons in 2013.

The India welding consumables market is segmented according to product type and application. Among product segments, the India welding consumables market in 2013 was dominated by welding stick electrodes. It held over 45.0% of the market in 2013. The report then explains how the demand for wires and fluxes is expected to increase in the near future due to the advantages that they possess.

The key driver of the India welding consumables market is expected to be the growth of its end-use industries, especially the building and construction industry. Other drivers include increasing investment in the oil and gas as well as energy sectors. The report also focuses on restraints on the India welding consumables market, such as volatility in raw material supply, advent of international competitors, and a lack of skilled labor.

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Companies mentioned in the research report

The India welding consumables market research report incorporates descriptive analyses of the key players in it, such as D&H Sécheron, D & H Welding Electrode Ltd, Honavar Electrode, Ador Welding Ltd., Voestalpine AG, Lincoln Electric Company, and ESAB.

The report also includes information on the key raw material suppliers in the India welding consumables market, such as Indian Metals & Ferro Alloy Ltd., Tata Steel Ltd, and Jayesh Group.

About Us

Transparency Market Research (TMR) is a market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants, use proprietary data sources and various tools and techniques to gather, and analyze information. Our business offerings represent the latest and the most reliable information indispensable for businesses to sustain a competitive edge.

Each TMR syndicated research report covers a different sector – such as pharmaceuticals, chemicals, energy, food & beverages, semiconductors, med-devices, consumer goods and technology. These reports provide in-depth analysis and deep segmentation to possible micro levels. With wider scope and stratified research methodology, TMR’s syndicated reports strive to provide clients to serve their overall research requirement.

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Welding Consumables Market 2014 Trends, Research, Analysis and Review Forecast 2020

Welding is a fabrication process, wherein metals or thermoplastics are joined together with the help of coalescence. Filler metals melt with joining materials and are consumed during the welding process. Flux is used to produce a gas shield around the weld and prevent oxidation of metals. Together, flux and filler metals are known as welding consumables. Welding consumables are used in various end-use industries such as manufacturing, automobile, marine, building & construction, and offshore. Welding is the only joining method used in space and underwater applications.

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Stick electrodes, solid wires, flux-cored wires, SAW wires & fluxes, and rods are the major types of welding consumables available in the market. Stick electrodes dominated the welding consumables market in EMEA, with more than 40% share in 2013. Stick electrodes are designed for usage in mild- and low-alloy steel welding applications. They are widely used in power generation and petrochemical industries. Solid wire consists of a single strand of wire insulated with non-conductive material. Solid wires can be used to change the tracking on printed circuit assemblies. These wires are convenient for making temporary connections between circuitry modules and test equipment. Flux-cored wires are used for welding medium and high-tensile steels in all positions. These can be employed for welding general and structural steel work. SAW wires & fluxes are designed for submerged-arc welding applications. They are used in applications in structural steels, shipbuilding steels, and pipeline steels. Flux-cored wire is expected to be the fastest growing segment in the welding consumables market during the forecast period from 2013 to 2020.

Welding consumables are primarily used in automobiles & transportation, building & construction, and marine industries. Welding consumables are used in the automobile & transportation industry to manufacture critical components and subsystems. The building and construction application accounted for more than 18% share of the welding consumables market in EMEA in 2013. Welding consumables are used to join pipes in refineries and power plants. Welding consumables are also extensively used in the marine industry to manufacture major components of ships.

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Welding is a well-known process across regions. The quality of welding work is highly dependent on the welding process, skill of the worker and consumable used. In terms of volume, Europe dominated the welding consumables market with over 70% share in the EMEA region in 2013. The Middle East was the second-largest market for welding consumables in EMEA in 2013. Growth in the building and construction industry is anticipated to be the key driver of the welding consumables market in the Middle East. Large quantity of steel, welding equipment and consumables would be required for construction projects and refineries due to expansion of economic infrastructure in Saudi Arabia and other GCC states. Construction of new power plants and repair and maintenance activities in Africa are estimated to boost the demand for welding consumables in the near future. Additionally, new projects in mining and metals, and oil and gas industries would further augment demand for welding consumables.

Three major companies – Lincoln Electric, Elektriska Svetsnings-Aktiebolaget (ESAB), Voestalpine AG and Illinois Tool Works, Inc. (ITW) — dominate the welding consumables market in EMEA. These companies have a strong global distribution network, with presence in welding consumables as well as welding equipment markets. Additionally, various small and medium players operate in Europe and Africa. Arcsel LLC is a specialized manufacturer of welding consumables (electrodes and wire) for arc welding in Eastern Europe. Vorarc Welding CC is the largest manufacturer of submerged-arc welding wires in Africa. It is the only manufacturer of submerged arc fluxes in the continent.

About Us

Transparency Market Research (TMR) is a market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants, use proprietary data sources and various tools and techniques to gather, and analyze information. Our business offerings represent the latest and the most reliable information indispensable for businesses to sustain a competitive edge.

Each TMR syndicated research report covers a different sector – such as pharmaceuticals, chemicals, energy, food & beverages, semiconductors, med-devices, consumer goods and technology. These reports provide in-depth analysis and deep segmentation to possible micro levels. With wider scope and stratified research methodology, TMR’s syndicated reports strive to provide clients to serve their overall research requirement.

US Office Contact

90 State Street, Suite 700

Albany, NY 12207

Tel: +1-518-618-1030

USA – Canada Toll Free: 866-552-3453

Email: sales@transparencymarketresearch.com

Website: http://www.transparencymarketresearch.com