The global welding consumables market was valued at USD 13.79 Billion in 2018 and is expected to reach USD 23.28 Billion by 2026, exhibiting a CAGR of 6.8% says Fortune Business Insights in a report, titled “Welding Consumables Market Size, Share and Industry Analysis, By Type (Stick Electrodes, Solid Wires, Flux-cored Wires and SAW Wires and Fluxes), By Application (Heavy Engineering, Automotive, Railways, Construction, Shipbuilding and Others) and Regional Forecast, 2019-2026.”
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Robust Advancement In Infrastructure Will Aid Growth
The surge in construction activities and increasing demand for new infrastructure in developed and developing countries will create growth opportunities for the global welding consumables market. The surge in population, industrialization and urbanization will fuel demand for welding consumables and enable growth of the global welding consumables market. Furthermore, the rising investments in the construction sector by key players will accelerate the growth of the global welding consumables market. For instance, according to the India Brand Equity Foundation (IBEF), leading players in manufacturing, technology and construction sectors are investing out of India, which, will, in, turn uplift the welding consumables shares during the forecast period.
The Prominent Players Operation In The Global Welding Consumables Market Are –
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Market Segmentation Of Welding Consumables Market –
By Type
By Application
By Geography
Major Table of Contents:
TOC Continued…!
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