U.S. WELDING CONSUMABLES MARKET TO REACH VALUE OF US$
4.3 BN BY 2027
Key Highlights of U.S. Welding Consumables Market
The U.S. Welding Consumables market was valued at US$ 2.8 Bn in 2018 and
is anticipated to expand at a CAGR of 4.8% during the forecast period
The welding consumables market is driven by the increase in demand for building
& construction across the U.S.
Among the different product types, flux-cored wires is anticipated to be a key
segment in the U.S. welding consumables market.
Key Drivers of U.S. Welding Consumables Market
Building & construction has been the largest end-user of steel, as the latter is
extensively used in building infrastructure components in residential, non-
residential, and industrial construction sub-sectors. Growth in the building &
construction industry is anticipated to be the major growth driver of the welding
consumables market in the U.S. in the near future.
The market is further expected to be fueled by the surge in the number of
applications in which the different types of welding can be applied, such as
ultrasonic welding for joining dissimilar materials or the welding of nonferrous
metals in aerospace equipment. Currently, while arc, resistance and oxyfuel
welding dominate the market, electron beam, friction-stir, laser, and ultrasonic
welding methods have found several applications in verticals such as aerospace,
electronics and packaging applications.
Prominent welding methods are used in several typical market segments, and
demand for them is subject to the cyclical nature of individual markets, although
the diversity and number of markets in which welding is used mitigates the
effects of this in the welding industry overall.
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Technological Advancements in Welding Consumables and Processes Projected
to offer Lucrative Market Opportunities in the U.S.
Research regarding the usage of biobased raw material sources for t