Welding Consumables Market: By User Demand, Key Developers, Types, Current Trends, Revenue Generation, Growth Factors, Forecast Till 2016 - 2026

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According to a new market report published by Transparency Market Research titled “Welding Consumables Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2016–2026,” the global welding consumables market is expected to reach a value of US$ 25,245.37 Mn by 2026 at a CAGR of 10.6%. The Asia Pacific welding consumables market is projected to observe the highest growth during the forecast period.The market witnessed considerable growth due to increased demand in construction, manufacturing industries etc. 
The welding consumables market is influenced by market dynamics with the prime driving factor of increase in rapid growth of end-use industries such as construction, manufacturing, automotive & transportation, oil & gas, and power generation. 
In 2017, based on product type, stick electrodes accounted for market value of around US$ 3,422.76 Mn at a CAGR of approximately 11% in the global welding consumables market due to its widespread application in end-use industries. 
Key players operating in the global welding consumables market includes voestalpine Bohler Welding GmbH, Hyundai Welding Co., Ltd., Illinois Tool Works Inc., The Lincoln Electric Company, Colfax Corporation, Hilarius Haarlem Holland B.V., Sandvik Materials Technology,  EWM AG, Kobe Steel Ltd.,and Tianjin Bridge Welding Materials Group Co., Ltd.

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