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Market Leader – Welding Material Market
Welding serves to be an important process in the metal fabrication industries. It is basically the process of connecting two metal parts by melting the materials at their interface so that they bond together. Welding materials are majorly used in transportation, building & construction, and heavy industries. Major companies operating in the welding materials market are Air Products and Chemicals, Inc. (U.S.), The Linde Group (Germany), Praxair Incorporated (U.S.), Colfax Corporation (U.S.), Air Liquide S.A. (France), and Illinois Tools Works (U.S.).
In recent times, key companies have adopted various strategies such as expansions, mergers & acquisitions, new product launches, and partnerships. These companies are also investing in R&D activities to strengthen their sales and distribution networks, enhance their market visibility, and strengthen their position in the welding materials market.
Air Products and Chemicals, Inc. (U.S.) is the one of the leading producers of welding materials. The company is focusing on new product launches as well as business expansion strategies to strengthen its market position and consolidate its financial position in the welding materials market. In February 2016, the company introduced a new product named as ‘PRISM Pro-Line Nitrogen Generator GEN1’ that can be used as a welding material in varied end-use industries such as marine, offshore, and oil & gas. In November 2015, the company established a new liquid nitrogen production facility in Odessa, Texas. This will help the company reinforce its position as a prominent supplier in the welding materials market.
Colfax Corporation is another major player in the welding materials market. The company is focusing on acquisition as well as partnership strategies to strengthen its market position. In July 2014, the company acquired the reaming ownership of ESAB-SVEL. This development strategy helped the company meet the ever-increasing demand for welding materials. Moreover, in April 2014, the company’s subsidiary ESAB (U.K.), acquired Victor Technologies Holdings, Inc. (U.S.), which is a global manufacturer of cutting, gas control, and specialty welding solutions. In September 2013, the company partnered with Boeing to manufacture fuel tank structures for NASA. This partnership helped the company enhance its market position in the U.S. welding materials market.
Welding Materials Market by Type (Electrode & Filler Materials, Fluxes & Wires, Gases), End-Use Industry (Transportation, Building & Construction, Heavy Industries), Technology (ARC, Resistance, OXY-Fuel Welding), and Region - Global Forecast to 2021
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