Global Welding Powder Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Welding Powder Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Welding Powder generally refers to exothermic welding powder, which is a flux used in exothermic welding. Exothermic welding is a welding method that uses exothermic flux chemical reaction as a heat source to generate high temperature and achieve the purpose of welding through the investment mold.

Market Overview:

The latest research study on the global Welding Powder market finds that the global Welding Powder market reached a value of USD 7206.7 million in 2022. It’s expected that the market will achieve USD 9523.0 million by 2028, exhibiting a CAGR of 4.75% during the forecast period.

Asia Pacific Manufacturing Development Drives Market Demand

Due to the abundant and cheap labor supply, Southeast Asia has attracted more and more investment from large manufacturing industries. Many manufacturing companies have set up factories in the region, among which China and India have developed rapidly. The development of manufacturing has driven the region's demand for construction materials such as Welding Powder.

African market has huge potential

The African continent accounts for 23% of the world's total land area, but its total railway length accounts for only 7% of the world's total railway length. The density of ordinary roads and highways is only 1/4 and 1 / 10,50% of the world average Left and right countries have severe power shortages, 40% of African residents lack safe drinking water, and the infrastructure construction situation is severe but full of opportunities. At the same time, in recent years, international capital has gradually gathered in Africa, and Africa's infrastructure and manufacturing have developed to a certain extent. Its demand for construction materials such as Welding Powder has continued to rise, and the African market has great potential.

Intense competition in the industry, overcapacity of low-end products

At present, there are many participants in the industry, and local players in most regions occupy the main markets in the region. The market concentration in the industry is very low and market competition has accumulated. Moreover, the relative excess capacity of low-end products has caused a certain negative impact on the development of the industry.

Wide application, stable downstream demand

Welding has the advantage of high cost performance. In today's society, it has been widely used in various industrial and civil fields. The application area and operation volume of welding far exceed other metal connection methods. Welding has become the most common metal connection method. Welding has penetrated into all areas of manufacturing, which directly affects product quality, reliability, production cost, production efficiency and market response speed. Approximately 60% to 70% of steel worldwide requires welding. Welding has been widely used in military, aerospace, heavy equipment manufacturing, engineering construction, light industry, civil and other fields. Stable downstream demand ensures the market's demand for Welding Powder.

Region Overview:

China dominated the Welding Powder market in 2022, with a market share of 27.57%.

Company Overview:

Holta Invest is one of the major players operating in the Welding Powder market, holding a share of 4.63% in 2023.

Holta Invest

Holta Invest holds 100% ownership in all subsidiaries of the Holta Metals Group and currently comprise the following operating entities: Nizi International SA, Luxembourg, sources, distributes and markets raw materials to the foundry and steel industries in Europe. The company also trades select base metals internationally.

AMG Superalloys

AMG Superalloys is a leading provider of specialty metals, alloys, and materials. Products sold by AMG Superalloys include Chromium, Aluminum Powders, Niobium, Ferro Titanium, Boron, Polishing Powders, Welding Powders, etc.

Segmentation Overview:

As for product types, the Ferrous Based segment held the largest market share in 2022.

Application Overview:

By application, the Mechanical Industry segment occupied the biggest share from 2018 to 2022.

Key Companies in the global Welding Powder market covered in Chapter 3:

GENSA KİMYA SANAYİ VE TİCARET AŞ
KOVOHUTY Dolný Kubín
Holta Invest
Höganäs
Pometon Powder
Shanghai Zhongzhou Special Alloy Materials
Cronimet
AMG Superalloys
A-WORKS BV
Kamman Group
H.C. Starck
Tongling Xinxin Welding Materials

In Chapter 4 and Chapter 14.2, on the basis of types, the Welding Powder market from 2018 to 2029 is primarily split into:

Ferrous Based
Silver Based
Copper Based
Aluminum Based
Nickel Based
Others

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Welding Powder market from 2018 to 2029 covers:

Shipping Industry
Mechanical Industry
Electronics Industry
Oil Industry
Coal Industry
Others

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)