Worldwide Aluminum Welding Wires Industry to 2027 - Impact of COVID-19 on the Market

DUBLIN, Aug. 10, 2020 /PRNewswire/ -- The "Aluminum Welding Wires - Global Market Trajectory & Analytics" report has been added to ResearchAndMarkets.com's offering.

The publisher brings years of research experience to the 5th edition of this report. The 180-page report presents concise insights into how the pandemic has impacted production and the buy side for 2020 and 2021. A short-term phased recovery by key geography is also addressed.

Global Aluminum Welding Wires Market to Reach 228.9 Thousand Metric Tons by 2027

Amid the COVID-19 crisis, the global market for Aluminum Welding Wires estimated at 164.2 Thousand Metric Tons in the year 2020, is projected to reach a revised size of 228.9 Thousand Metric Tons by 2027, growing at a CAGR of 4.9% over the period 2020-2027.

Automotive & Transportation, one of the segments analyzed in the report, is projected to record 5.1% CAGR and reach 163.5 Thousand Metric Tons by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Construction segment is readjusted to a revised 4.3% CAGR for the next 7-year period.

The U.S. Market is Estimated at 44.5 Thousand Metric Tons, While China is Forecast to Grow at 7.5% CAGR

The Aluminum Welding Wires market in the U.S. is estimated at 44.5 Thousand Metric Tons in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of 46.9 Thousand Metric Tons by the year 2027 trailing a CAGR of 7.5% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 2.7% and 4.4% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 3% CAGR.

Competitors identified in this market include, among others:

• Air Liquide Welding
• Drahtwerk ELISENTAL W. Erdmann GmbH & Co.
• ESAB Welding & Cutting Products
• EWM Hightec Welding GmbH
• Hilarius Haarlem Holland B.V.
• HI-TECH WIRE INDUSTRIES
• Metalli Trafilati Laminati Srl
• Novametal SA
• Safra
• The Lincoln Electric Company
• Ullrich Aluminium Company Ltd.
• voestalpine Bohler Welding Group GmbH
• Welding Alloys Ltd.

Key Topics Covered:

I. INTRODUCTION, METHODOLOGY & REPORT SCOPE

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW

• Aluminum Welding Wires Market Set for a Rapid Expansion, Driven by Increased Demand from End-use Industries
• Select Available Welding Wires
• Increasing Production for Automobiles Drives the Market for Aluminum Welding Wires
• Rise in Electric Cars Market and Increasing R&D Initiatives to Spur the Use of Aluminum Welding Wires
• Lightweight Property of Aluminum Drives the Use of Aluminum Welding Wires in the Growing Lightweight Vehicles Market
• Growth in the Construction Industry to Drive Opportunities for the Aluminum Welding Wires Market
• Investments in Electric Power Infrastructure
• Increase in Demand for Welding Wires for Repair and Maintenance
• Global Competitor Market Shares
• Aluminum Welding Wires Competitor Market Share Scenario Worldwide (in %): 2019 & 2025
• Impact of Covid-19 and a Looming Global Recession

2. FOCUS ON SELECT PLAYERS

3. MARKET TRENDS & DRIVERS

• Use of welding robots/ Use of robots in welding procedures
• Automation of welding processes
• Innovations in Welding Technologies

4. GLOBAL MARKET PERSPECTIVE

III. MARKET ANALYSIS

IV. COMPETITION

Total Companies Profiled: 42

For more information about this report visit https://www.researchandmarkets.com/r/1frc6i

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SOURCE Research and Markets