Global Aluminum Welding Wires Market to Reach 228.9 Thousand Metric Tons by the Year 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 grow at a 5.1% CAGR to 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. This segment currently accounts for a 29.7% share of the global Aluminum Welding Wires market.
The U.S. Accounts for Over 27.1% of Global Market Size in 2020, While China is Forecast to Grow at a 7.5% CAGR for the Period of 2020-2027
The Aluminum Welding Wires market in the U.S. is estimated at 44.5 Thousand Metric Tons in the year 2020. The country currently accounts for a 27.1% share in the global market. China, the world second largest economy, is forecast to reach an estimated market size of 46.9 Thousand Metric Tons in the year 2027 trailing a CAGR of 7.5% through 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 while Rest of European market (as defined in the study) will reach 46.9 Thousand Metric Tons by the year 2027.We bring years of research experience to this 5th edition of our 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.
- 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
- The Lincoln Electric Company
- Ullrich Aluminium Company Ltd.
- voestalpine Bohler Welding Group GmbH
- Welding Alloys Ltd.