New York, NY -- (SBWIRE) -- 12/28/2020 -- Aluminum Welding Wires Market

The Aluminum Welding Wires Market is set to attain a valuation of USD 474.5 Million by 2026. The applications of aluminum welding wires are widespread in several industries including construction, air conditioning, automotive & transportation, transformers and reactors and refrigerator.

The major driving force for the development of the aluminum welding wires is the increase in demand for lightweight vehicles and multiple benefits of the use of aluminum. Aluminum welding wires proves to be an integral element in the process of lightweight vehicles. Also helps in maintaining fuel efficiency. Corrosion resistance and recyclability are some of the properties driving the market demand. Increase in construction projects due to the increase in population has also driven the market.

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The Global Aluminum Welding Wires Market research report encompasses an extensive overview of the Aluminum Welding Wires market and offers insights into the value chain of the market. The report offers crucial data about the pricing, cost, value, and manufacturing and production capacity, along with an analysis of the gross revenue and profit of the market. The report studies the historical data and offers crucial forecast estimations to assist the readers, investors, stakeholders, and businesses to formulate strategic investment plans.

The report further studies the significant trends and demands of the market in each key region of the market and analyzes the strategic steps and initiatives taken by the leading companies of the industry. Some of the major companies operating in the Aluminum Welding Wires market and profiled in the report are:

Hobart, Bridge Welding Materials, Dongyuehengxing, ELGA, BOC (Linde), Huaheng Aluminum Welding Wire, Safra, ESAB, Lincoln Electric, Chuanwang Welding Consumables.

The report covers the assessment of the historical data of the market to offer key insights into the current and emerging trends in the business sphere. The report considers 2017-2018 as historical years, 2019 as the base year, and 2020-2027 as forecast years. The report also discusses in detail the mergers and acquisitions, collaborations, joint ventures, product launches, brand promotions, corporate and government deals, and partnerships occurring in the market.

The report further segments the market on the basis of product types and application spectrum offered by the market.

Product type Outlook (Revenue, USD Million; 2016-2026) (Kilo Tons)

Aluminum-Magnesium Alloy Welding Wire
Pure Aluminum Welding Wire
Al-Si Alloy Welding Wire

Processing Type Outlook (Revenue, USD Million; 2016-2026) (Kilo Tons)

Bayer process
Electrolysis

Welding process Type Outlook (Revenue, USD Million; 2016-2026) (Kilo Tons)

GTAW/TIG
GMAW/MIG
Laser Beam Welding and Electron Beam Welding
Resistance Welding

End-user Outlook (Revenue, USD Million; 2016-2026) (Kilo Tons)

Construction
Automotive & Transportation
Air conditioning
Transformers and reactors
Refrigerator
Others

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The report is a qualitative and quantitative research study that offers key insights into the latest strategic steps and tactics undertaken by the industry players to gain a robust footing in the market. The report further offers strategic recommendations to the new and emerging players and established companies to help them overcome the barriers of the industry. The report also covers a comprehensive SWOT analysis and Porter's Five Forces analysis to offer a better understanding of the Aluminum Welding Wires market and its competitive landscape.

Regional Analysis

According to the reports, the Asia Pacific region is leading the aluminum welding wires market globally. This is due to development in the transportation industry along with the increase in the automotive sector in this region has a positive impact on the market. There has also been an increase in lightweight vehicles that have also contributed to the dominance of this region. Due to rapid urbanization in emerging economies including India and China has boosted the construction sector which in return has positively affected the aluminum welding wires market.

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