NEW YORK, Nov. 3, 2016 /PRNewswire/ -- This research study analyzes the market for nickel alloy welding consumables in terms of revenue (US$ Bn) and volume (kilo tons). The nickel alloy welding consumables market has been segmented on the basis of product, alloy type, welding technology, end use applications, and geography. The geographical segmentation includes regions, which are further divided into 20 countries. The report features a detailed regional segmentation with market growth forecasts for the period between 2016 and 2024. For the research, 2015 has been considered as the base year and 2016 the estimated year, while all forecasts have been given for the period from 2016 to 2024. Market data for all the segments has been provided at the regional and country-specific levels from 2016 to 2024.
The report provides a broad competitive analysis of companies engaged in the development of nickel alloy welding consumables. The report also includes key market dynamics such as the drivers, restraints, and opportunities affecting the global nickel alloy welding consumables market. These market dynamics are analyzed in detail and are illustrated in the report with the help of supporting graphs and tables. The report also provides a comprehensive analysis of the market with the help of the Porter's Five Forces Analysis model, which helps in understanding the five major forces that affect the structure and profitability of the global nickel alloy welding consumables market. The forces analyzed are the bargaining power of buyers, the bargaining power of suppliers, the threat of new entrants, the threat of substitutes, and the degree of competition.
The high-level analysis in the report provides detailed insights into the nickel alloy welding consumables business globally. There are currently numerous drivers for the market. The most prominent drivers include rapid growth in various industries such as transportation and power and the increasing use of nickel and its alloys. With nickel finding applications in renewable energy including wind and solar energy, the nickel alloy welding consumables market may find new avenues for demand generation.
Lack of skilled workers and knowledge about the use of welding technologies and welding consumables might act as restraints for the consumable market. Market attractiveness analysis and comparison analysis was carried out for the nickel alloy welding consumables market on the basis of product, alloy, technology, application, region, and country. Market attractiveness was estimated on the basis of common parameters that directly impact the market.
The global nickel alloy welding consumables market has been segmented on the basis of products into stick electrodes and wires. By welding technology, the market has been segmented into shielded metal arc welding, gas metal arc welding, gas tungsten arc welding, flux cored arc welding, and submerged arc welding. By alloy type, the market has been segmented into monel alloys, inconel alloys, and other alloys. Furthermore, the nickel alloy welding consumables market has been segmented by various end-use applications including oil & gas, power, construction, marine, and other applications. Other applications consist of the transportation and manufacturing sector. Applications such as transportation and manufacturing are expected to occupy a leading share in the nickel alloy welding consumable market.
In terms of geography, the market has been segmented into five regions: North America, Asia Pacific, Europe, Middle East & Africa, and Latin America. China is expected to remain the dominant market in the nickel alloy welding consumables with market for nickel alloy welding consumables reaching 417.74 kilo tons by 2024. GCC countries are anticipated to show a significant growth rate of 7.14% in the period between 2016 and 2024. The rapid development in infrastructure and trading activities in the emerging economies of the region, such as Latin America, Asia Pacific, Middle East, and Africa, will boost the market for nickel alloy welding consumables.
Key players in the nickel alloy welding consumables market are Ador Welding Ltd., Colfax Corporation, Illinois Tool Works, Inc., Kobe Steel, Ltd., Lincoln Electric Holdings, Inc., MEC Holding GmbH, Sandvik Materials Technology AB, Special Metal Corporation, Tianjin Golden Bridge Welding Materials Group Co., Ltd., and voestalpine Böhler Welding GmbH. Other players included are Arcos Industries, LLC, Berkenhoff GmbH, Cor-Met Inc., Kunshan Gintune Welding Co., Ltd., Lin'an Dayang Welding Material Co., Ltd., Oxford Alloys, Inc., Ramtec Welding Products Limited, Senor Metals Pvt. Ltd., and Weld Mold Company.
Nickel alloy welding consumables market: By Product
Nickel alloy welding consumables market: By Technology
Shielded Metal Arc Welding
Gas Metal Arc Welding
Gas Tungsten Arc Welding
Flux Cored Arc Welding
Submerged Arc Welding
Nickel alloy welding consumables market: By Alloy Type
Nickel alloy welding consumables market: By Application
Oil & Gas
Nickel alloy welding consumables market: By Region
Rest of Europe
Rest of Asia Pacific
Middle East & Africa
Rest of Middle East and Africa
Rest of Latin America
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