GITNUX MARKETDATA REPORT 2024
Welding Materials Industry Statistics
The welding materials industry is expected to experience steady growth due to increasing demand for welding products and services in various sectors such as manufacturing, construction, and automotive.
In this post, we will explore key statistics and trends in the Welding Materials industry. From growth projections and regional market shares to top players and application segments, these data points provide valuable insights into the trajectory of this dynamic sector.
Statistic 1
"The Welding Materials industry is expected to grow at a compound annual growth rate (CAGR) of 5.1% from 2021 to 2028."
Statistic 2
"By 2025, Europe is predicted to account for the second-largest share in the Welding Materials industry."
Statistic 3
"The gas segment in Welding Materials industry was worth over USD 5 billion in 2020."
Statistic 4
"Stick electrodes were the most widely used material which accounted for over 40% of the total Welding Materials market revenue in 2020."
Statistic 5
"North America is expected to grow at a CAGR of 4.0% in the Welding Materials industry from 2021 to 2028."
Statistic 6
"The automotive industry is anticipated to be the fastest-growing application segment for Welding Materials with a CAGR of 4.9% from 2021 to 2026."
Statistic 7
"In 2019, the automotive and transportation segment held the largest share (over 20%) in the Welding Materials market."
Statistic 8
"In 2018, China acapulated around 50% of the Asia Pacific Welding Materials market."
Statistic 9
"By 2027, the solid wires segment in the Welding Materials industry is predicted to reach USD 7 billion."
Statistic 10
"The Shipbuilding segment in the Welding Materials industry is expected to reach USD 1.95 billion by 2025."
Statistic 11
"Chile holds more than 20% market share for flux-cored wires in the South American welding materials industry."
Statistic 12
"Solid wires segment accounted for 45% of the overall Welding Material market share in 2020."
Statistic 13
"The energy sector is expected to increase its Welding Materials consumption with a CAGR of 3.8% over the upcoming years."
Statistic 14
"Demand for Welding Materials from the construction segment was above 700 kilo tons in 2020."
Statistic 15
"In India, the Welding Materials market is growing at a CAGR of 7.5% from 2021 to 2026."
Statistic 16
"Synthetic rutile segment is anticipated to witness the fastest growth with a CAGR of 5.3% in the Welding Materials industry during 2021-2028."
Statistic 17
"In 2019, Lincoln Electric, a key player in the Welding Material industry, had a market share of over 17%."
Jannik Lindner
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