Global Welding Wires Market, Segmentation and Forecasts by Technavio

Technavio has published a new report on the global welding wires market from 2017-2021. (Graphic: Business Wire)

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LONDON--()--According to the latest market study released by Technavio, the global welding wires market is expected to grow at a CAGR of more than 4% during the forecast period.

This research report titled ‘Global Welding Wires Market 2017-2021’ provides an in-depth analysis of the market in terms of revenue and emerging market trends. This report also includes an up to date analysis and forecasts for various market segments and all geographical regions.

According to Gaurav Mohindru, a lead analyst at Technavio for engineering tools research, “The global welding wires market is expected to experience steady growth during the forecast period owing to demand from the automotive and construction sector. The global welding wires market is expected to be impacted significantly due to the positive outlook of the construction industry.”

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The market research analysis categorizes the global welding wires market into three major types of segments. They are:

  • Solid wires
  • Flux cored wires
  • Saw wires and fluxes

Solid wires

Solid wires are generally used in metal inert gas welding which requires a shielding gas delivered from a pressurized gas bottle. The shielding gas protects the molten weld pool from atmospheric contaminants. Solid wires are generally made of mild steel and plated with copper in order to prevent oxidation and to aid in electrical conductivity. The copper plating helps in enhancing the life of the weld. These wires are ideally suited for outdoor applications. The advantages of solid wires are that they are cost effective, durable, highly resistant, and simple to make.

“Factors, such as affordability and easy availability, and intrinsic attributes, such as durability, versatility, strength, and 100% recyclability, have made steel an important raw material for construction activities,” says Gaurav.

Flux cored wires

Flux cored wires are generally of two types which are gas-shielded and self-shielded. The gas-shielded flux cored wire requires an external shielding gas. On the other hand, the self-shielded variety does not require an external shielding gas. The flux coating on gas shielded flux cored wires helps in improving the quality of the molten weld material. Gas-shielded flux wires work well when welding thicker metals.

Saw wires and fluxes

Saw wires and fluxes are most commonly used in submerged arc welding in different compositions. The combined effect of wire and flux on the tensile strength, chemical composition, and toughness of weld metals are noted and interpreted in terms of element transfer between the slag and the weld metal. Advantages of submerged arc welding include deep weld penetration, minimal arc light emissions, and minimal edge preparation. They are suitable for both indoor and outdoor applications and applicable to thick materials.

The top vendors highlighted by Technavio’s market research analysts in this report are:

  • Colfax (ESAB)
  • Hyundai Welding
  • Illinois Tool Works (ITW)
  • The Lincoln Electric Company

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About Technavio

Technavio is a leading global technology research and advisory company. The company develops over 2000 pieces of research every year, covering more than 500 technologies across 80 countries. Technavio has about 300 analysts globally who specialize in customized consulting and business research assignments across the latest leading edge technologies.

Technavio analysts employ primary as well as secondary research techniques to ascertain the size and vendor landscape in a range of markets. Analysts obtain information using a combination of bottom-up and top-down approaches, besides using in-house market modeling tools and proprietary databases. They corroborate this data with the data obtained from various market participants and stakeholders across the value chain, including vendors, service providers, distributors, re-sellers, and end-users.

If you are interested in more information, please contact our media team at media@technavio.com.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 630 333 9501
UK: +44 208 123 1770
www.technavio.com

Release Summary

According to the latest market study released by Technavio, the global welding wires market is expected to grow at a CAGR of more than 4% during the forecast period.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 630 333 9501
UK: +44 208 123 1770
www.technavio.com