The global aluminum welding wires market report presents a complete research-based study of the industry including details such as company shares, forecast data, in-depth analysis and an outlook of the market on a worldwide platform. The report further highlights the market drivers, restraints and the top manufacturers at the global and regional levels. For a thorough understanding, the report also offers market segmentation and regional analysis for the forecast period from 2020 to 2024.
A welding wire is a slim metallic rod that is ignited to generate a heated arc for the purpose of fusing metal pieces together (welding) by rendering the wire soft via hammering or compressing under an applied heat source. The aluminum welding wire downstream application is very wide. Aluminum welding wire has acquired increasing significance in the fields of automotive. The aluminum welding wire market is mainly driven by the growing demand for the automotive and shipbuilding industry.
Aluminum welding wire can be mainly divided into pure aluminum welding wire, aluminum-magnesium alloy welding wire and Al-Si alloy welding wire, during which aluminum-magnesium alloy welding wire captures about 53% of market share in 2017. The proportion will gradually increase in the future.
The global market is expected to witness slow growth, so in the next few years, mainly due to the slow pace of downstream infrastructure construction, and shipbuilding industry demand is low .in 2024 the consumption of aluminum welding wire is estimated to be 53.9 K MT.
According to this study, over the next five years, the Aluminum Welding Wires market will register a 6.4% CAGR in terms of revenue, the global market size will reach US$ 430 million by 2024, from US$ 320 million in 2019. In particular, this report presents the global market share (sales and revenue) of key companies in the Aluminum Welding Wires business, shared in Chapter 3.
This report presents a comprehensive overview, market shares, and growth opportunities of Aluminum Welding Wires market by product type, application, key manufacturers and key regions and countries.
This study considers the Aluminum Welding Wires value and volume generated from the sales of the following segments:
Segmentation by product type: breakdown data from 2014 to 2019, in Section 2.3; and forecast to 2024 in section 11.7.
- Pure Aluminum Welding Wire
- Aluminum-Magnesium Alloy Welding Wire
- Al-Si Alloy Welding Wire
Segmentation by application: breakdown data from 2014 to 2019, in Section 2.4; and forecast to 2024 in section 11.8.
- Automobile Industry
- Shipbuilding Industry
- Appliance Industry
- Others
This report also splits the market by region: Breakdown data in Chapters 4, 5, 6, 7 and 8.
- Americas
- United States
- Canada
- Mexico
- Brazil
- APAC
- China
- Japan
- Korea
- Southeast Asia
- India
- Australia
- Europe
- Germany
- France
- UK
- Italy
- Russia
- Spain
- Middle East & Africa
- Egypt
- South Africa
- Israel
- Turkey
- GCC Countries
The report also presents the market competition landscape and a corresponding detailed analysis of the major vendor/manufacturers in the market. The key manufacturers covered in this report: Breakdown data in Chapter 3.
- ESAB (Colfax Corporation)
- Lincoln Electric
- ITW
- Sumitomo Electric Industries
- GARG INOX
- Novametal Group
- WA Group
- ANAND ARC
- KaynakTekniÄŸiSanayi ve TicaretA.Åž
- Tianjin Bridge
- Weld Atlantic
- Changzhou Huatong Welding
- Jinglei Welding
- Shandong Juli Welding
- Huaya Aluminium
- Safra
- Elisental
In addition, this report discusses the key drivers influencing market growth, opportunities, the challenges and the risks faced by key manufacturers and the market as a whole. It also analyzes key emerging trends and their impact on present and future development.
Research objectives
- To study and analyze the global Aluminum Welding Wires consumption (value & volume) by key regions/countries, product type and application, history data from 2014 to 2018, and forecast to 2024.
- To understand the structure of Aluminum Welding Wires market by identifying its various subsegments.
- Focuses on the key global Aluminum Welding Wires manufacturers, to define, describe and analyze the sales volume, value, market share, market competition landscape, SWOT analysis and development plans in next few years.
- To analyze the Aluminum Welding Wires with respect to individual growth trends, future prospects, and their contribution to the total market.
- To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
- To project the consumption of Aluminum Welding Wires submarkets, with respect to key regions (along with their respective key countries).
- To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
- To strategically profile the key players and comprehensively analyze their growth strategies.