Global Nickel Alloy Welding Consumables Market Investigation and Growth Forecasted Until the End of 2025

Posted on 2018-03-30 by Mark Hub in Industrial, Semiconductors // 0 Comments

Albany, USA, 2018-Mar-30 — /EPR Network/ —Market Research Reports Search Engine (MRRSE) has been acting as an impressive data source when it comes to evaluating various industrial verticals. The research report titled “Nickel Alloy Welding Consumables Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2017 – 2025” offers a clear insight about the Nickel Alloy Welding Consumables Market assessed over the global platform. This analysis proves beneficial for readers & new investors who are aiming to enter for Nickel Alloy Welding Consumables Market in the near future.

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global nickel alloy welding consumables market are moderately consolidated among a few well-established players. While one half of the overall demands for nickel alloy welding consumables are currently being served by prominent players such Colfax Corporation, Lincoln Electric Holdings Inc., Voestalpine Böhler Welding GmbH, ESAB, and Illinois Tool Works Inc., the other half of shares are distributed among various regional and domestic players. Essentially, the competition in the global nickel alloy welding consumables is very intense and the players are aspiring to strengthen their distribution network to gain larger shares. In addition to that, global players are indulged into marketing their product and spreading awareness on how they are better than the local products. However, regional and country-wide players are able to provide inexpensive products to local demands and are expected to survive the competition coming from major players.

Global Nickel Alloy Welding Consumables Market to be worth US$5.6 bn by 2025

The analysts of the report have projected the demand in the global nickel alloy welding consumables market to multiply at a formidable CAGR of 5.4% during the forecast period of 2017 to 2025. Revenue-wise, it has been estimated that the opportunities in the nickel alloy welding consumables market, across the world, will translate into US$5.6 bn by the end of 2025, considerably more than its evaluated valuation of US$3.5 bn in 2016. Based on product type, the market has been segmented into stick electrode and wires, with the latter providing for the most prominent chunk of demand. Based on alloy type, the market has been bifurcated into Monel and Inconel, whereas technology-wise, the market has been classified into shielded metal arc welding, gas metal arc welding, gas tungsten arc welding, flux cored arc welding, and submerged arc welding. Application-wise, the report explores the demand that can be expected out of end-use industries of oil and gas, power, construction, marine, and others, which includes transportation and manufacturing. Geographically, Asia Pacific has been highlighted as the most profitable region in the global nickel alloy welding consumables market, although Europe and North America also provide for healthy demands.

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Diverse End-use Industries to Sustain Strong Demand in the Near Future

The market for nickel alloy welding consumables is primarily driven by the sustained demand coming from its diverse end-use industries. Nickel alloy welding consumables are used extensively because of their corrosion resistance, high temperature strength, and their special magnetic and thermal expansion properties. In applications where efficiency is required, such as oil & gas and aerospace, nickel wire works the best. Nickel alloy stick electrodes are used for out-of-position welding and can be used on thick metals. In addition to that, nickel based welding consumables find application in aircraft, gas turbines, steam turbines, power plants, medical applications, nuclear power systems, and the chemical and petrochemical industries, among others. Since nickel, and its most common partner for welding purposes – copper, are abundantly available in the Earth’s crust and hence, the market continues to counter the competition coming from substitutes.

Global Nickel Alloy Welding Consumables Market: Competitive Landscape

The report covers detailed competitive outlook that includes market share and profiles of key players operating in the global market. Key players profiled in the report includes Colfax Corporation, Lincoln Electric Holdings Inc., Illinois Tool Works Inc., and others. Company profiles include attributes such as company overview, number of employees, brand overview, key competitors, business overview, business strategies, recent/key developments, acquisitions, and financial overview (wherever applicable).

The global nickel alloy welding consumables market has been segmented as follows:

Nickel Alloy Welding Consumables Market – Product Type Analysis

Stick Electrodes
Wires

Nickel Alloy Welding Consumables Market – Alloy Type Analysis

Monel Alloy
Inconel Alloy
Others

Nickel Alloy Welding Consumables Market – Technology Type Analysis

Shielded Metal Arc Welding
Gas Metal Arc Welding
Gas Tungsten Arc Welding
Flux Cored Arc Welding
Submerged Arc Welding

Nickel Alloy Welding Consumables Market – Application Type Analysis

Oil & Gas
Power
Construction
Marine
Others

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