The global welding consumables market is currently valued at USD 18.02 Billion and is projected to grow to USD 32.27 Billion by 2033, reflecting a CAGR of 6% from 2023 to 2033. This market encompasses the joining of two dissimilar metals, driven by increasing demand for customized metal designs and applications in heavy industries. New welding technologies, such as plasma and resistance spot …
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Welding Consumables Market-Industry Analysis And Growth 2020-2030
The growth of the welding sector is majorly reliant on the global steel consumption in several end-use industries such as the marine, automotive & transportation, and construction industries. In its recent report, Future Market Insights (FMI) has forecast the global welding consumables market will reach US$ 15.36 Bn in 2020, growing at a 5.7% CAGR over …
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