• About us
  • Contact Us
  • Submit a Press Release
Thursday, February 2, 2023
South-Africana
No Result
View All Result
Submit a Press Release
  • Gambia

    The Republic of Gambia’s measures to combat money laundering and terrorist financing

    Education Column: A Brief History of Education in The Gambia – Dr Cherno Omar Barry

    President Barrow Applauds Islamic Development Bank Support to The Gambia –

    Global Banking – Finance Awards® 2022

  • Ghana

    Pandemic control shift seen as economic boon

    Finance Minister may attempt to woo individual bondholders with new terms – Martin Kpebu

    Pandor calls on MTN, Ghana to resolve R13.3-billion tax dispute

    Dr. Akoto, Ghana's President in Waiting and the Backbone of Ghana's Economy Cometh – Modern Ghana

  • Niger

    MOFI: Nigeria’s strategic vision for sustainable economic recovery

    CHAN 2023: Galaxies, Niger battle for semis slot tonight

    New Naira Notes Not Targeted At The Poor – President Muhammadu Buhari

    Ghana, Nigeria, and Kenya lead 25% growth in finance app installs

  • Nigeria

    World Bank Recommends Mixed Reforms To Reduce Nigeria’s Economic Shocks

    Godwin Emefiele: Softly, softly

    Nigeria, India unveil millet production to tackle food insecurity

    DANGOTE REFINERY AND THE NIGERIAN ECONOMY – THISDAY Newspapers

  • More Countries
    • Benin
    • Burkina Faso
    • Cape Verde
    • Gambia
    • Ghana
    • Guinea
    • Guinea-Bissau
    • Ivory Coast
    • Liberia
    • Mali
    • Mauritania
    • Niger
    • Nigeria
    • Senegal
    • Sierra Leone
    • Togo
  • AFRICA
    Spotcovery, ambayo hutumika kama daraja kati ya Wamarekani Weusi na Waafrika, imezindua zana ya uboreshaji kwenye tovuti.

    Spotcovery, ambayo hutumika kama daraja kati ya Wamarekani Weusi na Waafrika, imezindua zana ya uboreshaji kwenye tovuti.

    Spotcovery, ambayo hutumika kama daraja kati ya Wamarekani Weusi na Waafrika, imezindua zana ya uboreshaji kwenye tovuti.

    Spotcovery, intermediaire entre les Afro-Américains et les Africains, a lancé un outil d’optimisation sur le site

    Spotcovery, Which Serves as a Bridge Between African Americans and Africans, has Launched Optimization Tool on Site

    Spotcovery, Which Serves as a Bridge Between African Americans and Africans, has Launched Optimization Tool on Site

    The Water Project Deepens its Commitment to Clean Water to Vihiga County, Kenya

    Mradi wa Maji waiimarisha ahadi yake ya kusafisha maji katika Kaunti ya Vihiga, Kenya

  • Press releases
    Recreation Club Market is expected to grow at a CAGR of 6.8 percent during the forecast period.

    Recreation Club Market is expected to grow at a CAGR of 6.8 percent during the forecast period.

    CO2 Gas Sensor Market is expected to grow at a CAGR of 9.2 percent during the forecast period.

    CO2 Gas Sensor Market is expected to grow at a CAGR of 9.2 percent during the forecast period.

    UV Tape Market is expected to grow at a CAGR of 7.4 percent during the forecast period

    UV Tape Market is expected to grow at a CAGR of 7.4 percent during the forecast period

    Bioink Market is expected to grow at a CAGR of 20.48 percent during the forecast period

    Bioink Market is expected to grow at a CAGR of 20.48 percent during the forecast period

    Bio-based Polyurethane Foam Market is expected to grow at a CAGR of 5.9 percent during the forecast period.

    Bio-based Polyurethane Foam Market is expected to grow at a CAGR of 5.9 percent during the forecast period.

    Methyl Palmitate Market is expected to grow at a CAGR of 5.2 percent during the forecast period

    Methyl Palmitate Market is expected to grow at a CAGR of 5.2 percent during the forecast period

    Trending Tags

    • Gambia

      The Republic of Gambia’s measures to combat money laundering and terrorist financing

      Education Column: A Brief History of Education in The Gambia – Dr Cherno Omar Barry

      President Barrow Applauds Islamic Development Bank Support to The Gambia –

      Global Banking – Finance Awards® 2022

    • Ghana

      Pandemic control shift seen as economic boon

      Finance Minister may attempt to woo individual bondholders with new terms – Martin Kpebu

      Pandor calls on MTN, Ghana to resolve R13.3-billion tax dispute

      Dr. Akoto, Ghana's President in Waiting and the Backbone of Ghana's Economy Cometh – Modern Ghana

    • Niger

      MOFI: Nigeria’s strategic vision for sustainable economic recovery

      CHAN 2023: Galaxies, Niger battle for semis slot tonight

      New Naira Notes Not Targeted At The Poor – President Muhammadu Buhari

      Ghana, Nigeria, and Kenya lead 25% growth in finance app installs

    • Nigeria

      World Bank Recommends Mixed Reforms To Reduce Nigeria’s Economic Shocks

      Godwin Emefiele: Softly, softly

      Nigeria, India unveil millet production to tackle food insecurity

      DANGOTE REFINERY AND THE NIGERIAN ECONOMY – THISDAY Newspapers

    • More Countries
      • Benin
      • Burkina Faso
      • Cape Verde
      • Gambia
      • Ghana
      • Guinea
      • Guinea-Bissau
      • Ivory Coast
      • Liberia
      • Mali
      • Mauritania
      • Niger
      • Nigeria
      • Senegal
      • Sierra Leone
      • Togo
    • AFRICA
      Spotcovery, ambayo hutumika kama daraja kati ya Wamarekani Weusi na Waafrika, imezindua zana ya uboreshaji kwenye tovuti.

      Spotcovery, ambayo hutumika kama daraja kati ya Wamarekani Weusi na Waafrika, imezindua zana ya uboreshaji kwenye tovuti.

      Spotcovery, ambayo hutumika kama daraja kati ya Wamarekani Weusi na Waafrika, imezindua zana ya uboreshaji kwenye tovuti.

      Spotcovery, intermediaire entre les Afro-Américains et les Africains, a lancé un outil d’optimisation sur le site

      Spotcovery, Which Serves as a Bridge Between African Americans and Africans, has Launched Optimization Tool on Site

      Spotcovery, Which Serves as a Bridge Between African Americans and Africans, has Launched Optimization Tool on Site

      The Water Project Deepens its Commitment to Clean Water to Vihiga County, Kenya

      Mradi wa Maji waiimarisha ahadi yake ya kusafisha maji katika Kaunti ya Vihiga, Kenya

    • Press releases
      Recreation Club Market is expected to grow at a CAGR of 6.8 percent during the forecast period.

      Recreation Club Market is expected to grow at a CAGR of 6.8 percent during the forecast period.

      CO2 Gas Sensor Market is expected to grow at a CAGR of 9.2 percent during the forecast period.

      CO2 Gas Sensor Market is expected to grow at a CAGR of 9.2 percent during the forecast period.

      UV Tape Market is expected to grow at a CAGR of 7.4 percent during the forecast period

      UV Tape Market is expected to grow at a CAGR of 7.4 percent during the forecast period

      Bioink Market is expected to grow at a CAGR of 20.48 percent during the forecast period

      Bioink Market is expected to grow at a CAGR of 20.48 percent during the forecast period

      Bio-based Polyurethane Foam Market is expected to grow at a CAGR of 5.9 percent during the forecast period.

      Bio-based Polyurethane Foam Market is expected to grow at a CAGR of 5.9 percent during the forecast period.

      Methyl Palmitate Market is expected to grow at a CAGR of 5.2 percent during the forecast period

      Methyl Palmitate Market is expected to grow at a CAGR of 5.2 percent during the forecast period

      Trending Tags

      Submit a Press Release
      No Result
      View All Result
      West-africana
      Submit PR
      Home Press Releases

      Welding Products Market Size Forecast to Reach $22.2 Billion by 2026

      admin by admin
      March 8, 2022
      in Press Releases
      Share on FacebookShare on Twitter


      (EMAILWIRE.COM, March 08, 2022 ) Welding Products market size is forecast to reach US$22.2 billion by 2026, after growing at a CAGR of 6.3% during 2021-2026. Welding is a process used to join the materials, such as thermoplastics or metals, by using high temperatures. Resistance welding is widely preferred in automotive, aerospace and industrial applications for joining of metals. Oxy fuel welding is the welding process that uses fuel gases and oxygen to weld or cut metals. The rapid urbanization along with growing manufacturing sectors in emerging economies are driving the market growth for welding products during the forecast period. The growing demand from end-use industries such as automotive, construction, heavy industries, and manufacturing are driving the market growth for wielding products. Growing renovation activities in the construction industry are also supporting the market growth during the forecast period. The growing infrastructure activities in developing nations such as China, India, Japan, and Australia are also propelling the market growth during the forecast period. However, the lack of skilled workers and the environmental impact of welding gases are likely to hamper the market growth during the forecast period.

      COVID-19 Impact

      The COVID-19 pandemic is impacting different industries; one of the few industries that were largely hit to some extent was the welding products industry. The demand for welding products also reduced as the majority of the welding products are linked to the end-use industries, which are also faced difficulties during the pandemic. The downfall in the construction and manufacturing industries and lack of workforce impacted the market negatively during the covid-19 crises.

      Welding Products Market Segment Analysis – By Product

      The wires segment accounted for approximately 10% of the market share in 2020 and is estimated to grow at a significant CAGR during the forecast period. The flux wires type is expected to grow at a high CAGR during the forecast period 2021-2026. Flux is a chemical agent, used as a purifying agent and helps to clean a surface. The flux materials are used to dissolve the oxides by releasing gases that are trapped on the surface. Flux materials are extensively used for removing the impurities from the base metal surface and also provides good blending between the base metals. The electrodes & fillers segment is expected to hold a significant share in the global welding products market. Electrodes and fillers are widely used for joining metals to protect the metal from damage and improve the welding strength.

      Request for Sample Report @ https://www.industryarc.com/pdfdownload.php?id=503501

      Report Price: $ 4500 (Single User License)

      Welding Products Market Segment Analysis – By Technology

      The Arc welding segment accounted for more than 25% of the market share in 2020 and is estimated to grow significantly during the forecast period. Arc welding is used to weld metals in a wide range of thicknesses with good flexibility. The technology has the advantage of high heat concentration during the welding process. Arc welding is the widely preferred welding technology among end-user industries due to its low cost and the technology is used for a wide range of metal surfaces. Resistance welding technology is expected to grow at a high CAGR in the global welding products market during the forecast period 2021-2026. The technology is used for various welding processes such as spot welding, projection welding, and seam welding in the automotive sector. The rapid growth in the automotive sector is one of the major factors driving the market for resistance welding technology during the forecast period.

      Welding Products Market Segment Analysis – By End-Use Industry

      The building & construction segment accounted for more than 28% of the market share in 2020 and is estimated to grow significantly during the forecast period. The growing construction activities in both developed and developing nations are supporting the market growth for the construction industry. Rapid industrialization in the Asia Pacific region is also driving the market growth during the forecast period. Welding products are used to weld complex and large structures in the construction industry. The automotive and marine segments are also expected to hold a significant share in the end-user segment. The increasing importance of manufacturing high-quality automotive components and growing marine applications are positively driving the demand for welding products during the forecast period.

      Welding Products Market Segment Analysis – By Geography

      Asia Pacific region held the largest share in the Welding Products market in 2020 up to 35%, owing to the presence of multiple end-use industries. The presence of developing nations such as China and India is driving the market growth in the region. The rapid expansion of the automotive industry along with the growing production of vehicles are driving the market growth. According to the data published by OICA, India produced more than 3.3 million vehicles in 2020. The rapid growth in population, growing number of working individuals, and growth in income levels are some of the major factors driving the regional market. The European region is also expected to hold a significant share in the global market. The presence of global automobile manufacturers such as BMW, Mercedes, Volkswagen, DAF Trucks, Daimler, and Fiat Chrysler Automobiles among others supporting the market growth during the forecast period.

      Inquiry Before Buying @ https://www.industryarc.com/reports/request-quote?id=503501

      Welding Products Market Drivers:

      Growing demand from the construction industry

      The usage of welding products in the construction sector is increasing gradually to weld huge structures and metal products such as iron and steel. Over the past few years’ construction industry is growing significantly. The economic growth, investments in infrastructure projects, and technology advancements are boosting the industry. According to the data published by the U.S. Commerce Department, the U.S. construction spending is increased by 0.9 percent to US$1.4 trillion in 2020. According to the data published by the U.S. Census Bureau, approximately 1,760,000 new house permits are given in the United States in April 2021. According to IBEF analysis, the Indian real-estate sector is expected to reach USD650 billion by 2025 and Indian real-estate attracted US$5 billion institution investment in 2020. According to the Asian Times, the China government has allocated 33.83 trillion yuan (US$4.8 trillion) in the 2020 investment plan and “major infrastructure” projects development.

      Growing Automotive Industry

      Welding products are used for welding different parts in the automotive sector. Welding is an important process used for bodywork and auto repair in the automobile industry. The commonly used welding techniques in the automobile industry include resistance spot welding, resistance seam welding, and metal inert gas (GMAW) among others. According to the data published by ACEA, approximately 18.5 million motor vehicles were produced in the European Union in 2019. They also mentioned about 10.8 million passenger cars are produced in the European Union in 2020. According to the data published by OICA, China produced 2.21 million heavy trucks in 2019 and 2.98 million heavy trucks in 2020.

      Welding Products Market Challenges:

      Shortage of skilled labor and high labor cost

      The welding industry is highly dependent on skilled labor. According to welding industry experts, there is a shortage of skilled welders across the world. The high labor cost in the developed region such as North America and Europe is the major challenge facing by the welding industry. The majority of infra-project contractors are using welding and cutting tools and they are facing a shortage of skilled welding workforce in their operations. Infrastructure projects such as roads, railways, bridges, power, and shipping are highly dependent on metal joining technologies. According to the Indian Institute of Welding (IIW), there is a short supply of 1.2 million welding professionals including welders, cutters, fitters, and equipment operators, among others. They also mentioned the worker’s shortage in India may increase to 1.35 million in the next three years.

      Welding Products Market Landscape

      Technology launches, acquisitions, and R&D activities are key strategies adopted by players in the Welding Products market. Major players in the Welding Products market are Voestalpine AG, Colfax Corporation, Air Liquide, Illinois Tool Works Inc., The Lincoln Electric Company, HYUNDAI WELDING CO., LTD., Sandvik, OBARA CORP, Kiswel Incorporated, Mitco Weld Products Pvt. Ltd., Kemppi Oy., Senor Metals Pvt. Ltd., Rofin-Sinar, Arcon Welding Equipment, DAIHEN Corporation., Amada Miyachi, Inc., Basiloid Products Corporation, and others.

      Acquisitions/Technology Launches

      In November 2020, ESAB Welding & Cutting Products has introduced Shield-Bright NiCrMo-3, a 625-type electrode for manual and automatic flux-cored wide-weave welding of 9% nickel steel in the vertical-up (3G) position and using 75% argon/25% CO2 shielding gas.

      Relevant Reports

      A. Welding Materials Market

      https://www.industryarc.com/Report/16491/welding-materials-market.html

      B. Welding Consumables Market

      https://www.industryarc.com/Report/16413/welding-consumables-market.html

      For more Chemicals and Materials related reports, please click here

      About IndustryARC: IndustryARC primarily focuses on Cutting Edge Technologies and Newer Applications market research. Our Custom Research Services are designed to provide insights on the constant flux in the global supply-demand gap of markets. Our strong team of analysts enables us to meet the client research needs at a rapid speed, with a variety of options for your business. Any other custom requirements can be discussed with our team, drop an e-mail to sales@industryarc.com to discuss more about our consulting services.



      Source link

      Previous Post

      Industrial Filtration Market worth $45.2 Billion by 2027

      Next Post

      Ooredoo Kuwait announces LigaData as strategic data partner at MWC22

      Related Posts

      Recreation Club Market is expected to grow at a CAGR of 6.8 percent during the forecast period.
      Press Releases

      Recreation Club Market is expected to grow at a CAGR of 6.8 percent during the forecast period.

      January 28, 2023
      CO2 Gas Sensor Market is expected to grow at a CAGR of 9.2 percent during the forecast period.
      Press Releases

      CO2 Gas Sensor Market is expected to grow at a CAGR of 9.2 percent during the forecast period.

      January 28, 2023
      UV Tape Market is expected to grow at a CAGR of 7.4 percent during the forecast period
      Press Releases

      UV Tape Market is expected to grow at a CAGR of 7.4 percent during the forecast period

      January 28, 2023
      Bioink Market is expected to grow at a CAGR of 20.48 percent during the forecast period
      Press Releases

      Bioink Market is expected to grow at a CAGR of 20.48 percent during the forecast period

      January 27, 2023
      Bio-based Polyurethane Foam Market is expected to grow at a CAGR of 5.9 percent during the forecast period.
      Press Releases

      Bio-based Polyurethane Foam Market is expected to grow at a CAGR of 5.9 percent during the forecast period.

      January 27, 2023
      Methyl Palmitate Market is expected to grow at a CAGR of 5.2 percent during the forecast period
      Press Releases

      Methyl Palmitate Market is expected to grow at a CAGR of 5.2 percent during the forecast period

      January 27, 2023

      Discussion about this post

      LATEST NEWS

      Spotcovery, ambayo hutumika kama daraja kati ya Wamarekani Weusi na Waafrika, imezindua zana ya uboreshaji kwenye tovuti.

      Spotcovery, ambayo hutumika kama daraja kati ya Wamarekani Weusi na Waafrika, imezindua zana ya uboreshaji kwenye tovuti.

      February 2, 2023
      Spotcovery, ambayo hutumika kama daraja kati ya Wamarekani Weusi na Waafrika, imezindua zana ya uboreshaji kwenye tovuti.

      Spotcovery, intermediaire entre les Afro-Américains et les Africains, a lancé un outil d’optimisation sur le site

      February 2, 2023
      Spotcovery, Which Serves as a Bridge Between African Americans and Africans, has Launched Optimization Tool on Site

      Spotcovery, Which Serves as a Bridge Between African Americans and Africans, has Launched Optimization Tool on Site

      February 1, 2023

      The Republic of Gambia’s measures to combat money laundering and terrorist financing

      January 30, 2023

      About

      West Africana™ reports and aggregates business, socio-economic, Tech and industrial news on Western African countries.

      We provide press release distribution to media outlets in Africa including Gambia, Ghana, Niger, Nigeria and  Africa. To submit a press release today, contact us.

      Categories

      GAMBIA

      GHANA

      NIGER

      NIGERIA

      AFRICA

      PRESS RELEASES

      MORE COUNTRIES

      Recent Post

      Recent Posts
      • Spotcovery, ambayo hutumika kama daraja kati ya Wamarekani Weusi na Waafrika, imezindua zana ya uboreshaji kwenye tovuti.
      • Spotcovery, intermediaire entre les Afro-Américains et les Africains, a lancé un outil d’optimisation sur le site
      • Spotcovery, Which Serves as a Bridge Between African Americans and Africans, has Launched Optimization Tool on Site
      • The Republic of Gambia’s measures to combat money laundering and terrorist financing

      Subscribe to Our Newsletter

        Share Us

        Share Us

        • +1 832 716 2363
        • +12816454086
        • Email: Email Us
        • Skype: groupwebmedia

        West Africana™ is part of GroupWeb Media Network. © 2023 GroupWeb Media LLC

        No Result
        View All Result
        • Gambia
        • Ghana
        • Niger
        • Nigeria
        • More Countries
          • Benin
          • Burkina Faso
          • Cape Verde
          • Gambia
          • Ghana
          • Guinea
          • Guinea-Bissau
          • Ivory Coast
          • Liberia
          • Mali
          • Mauritania
          • Niger
          • Nigeria
          • Senegal
          • Sierra Leone
          • Togo
        • AFRICA
        • Press Releases
        • About us
          • Submit Press Release
          • Contact Us

        West Africana™ is part of GroupWeb Media Network. © 2023 GroupWeb Media LLC