Welding Products Market to Expand At A CAGR Of 5.7% from 2018 to 2025

The global welding products market size is expected to reach USD 20.48 billion by 2025, according to a new study by Grand View Research, Inc. It is anticipated to expand at a CAGR of 5.7% during the forecast period. Surge in demand for welding products, particularly from building and construction and automotive industry, is expected to contribute to the overall growth.

The market is majorly driven by growing demand from construction industry. Rapid urbanization and infrastructure development are the key factors propelling the growth of the construction industry, which in turn is projected to boost the demand for welding products. Welding technology is extensively used in the construction of pipelines, bridges, buildings, and other engineering projects for infrastructure development.

Welding products are consumed in various applications such as construction and building, transportation and automotive, marine, oil and gas, and others. Increasing investments in infrastructure development, especially in emerging economies, such as China and India, are fueling the demand for advanced technology, which in turn is leading to the market growth. Asia Pacific is expected to witness a high CAGR owing to the rising demand from the automotive sector in these countries coupled with increased awareness pertaining to high-quality automotive components.

Asia Pacific led the global welding products market in 2018 and is projected to continue its dominance, progressing at a CAGR of 6.6% over the forecast period. Robust growth in applications in emerging economies such as China and India is a prominent factor driving the demand for welding products. China is the key market for welding products in Asia Pacific, which accounted for a revenue of USD 1.95 billion in 2018. The market growth is highly dependent on the growth of its application areas.

To request a sample copy or view summary of this report, click the link below: 
https://www.grandviewresearch.com/industry-analysis/global-welding-products-market

Further key findings from the repot suggest:

·       Asia Pacific led the market and is projected to expand at the fastest CAGR of 6.6% over the forecast period. Increasing demand from various application segment, particularly from regions such as China and India is likely to drive the growth

·       Arc welding was the largest technology segment in the global welding products market in 2018 and is also anticipated to lead the market through the forecast period

·       Stick electrode accounted for the largest application segment in 2018 on account of increasing applicability of the stick electrodes in various end-use industries

·       Transportation and automotive was estimated as the largest application segment owing to increasing demand for welding products for the manufacturing of automotive components such as exhaust systems and car bodies requires the use of welding process

Grand View Research has segmented the global welding products market on the basis of technology, products, application, and region:

Welding Products Technology Outlook (Revenue, USD Million, 2014 - 2025)

·         Arc

·         Resistance

·         Oxy-Fuel

·         Laser Beam

·         Others

Welding Products Product Outlook (Revenue, USD Million, 2014 - 2025)

·         Stick Electrodes

·         Solid Wires

·         Flux-Cored Wires

·         Saw Wires and Fluxes

·         Others

Welding Products Application Outlook (Revenue, USD Million, 2014 - 2025)

·         Transportation & Automobiles

·         Building & Construction

·         Marine

·         Others

Welding Products Regional Outlook (Revenue, USD Million, 2014 - 2025)

·         North America

·         Europe

·         Asia Pacific

·         Central & South America

·         Middle East & Africa

About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

For More Information: www.grandviewresearch.com

Building & Construction Tapes Market Size Is Predicted To Reach A Valuation Of USD 5.9 Billion By 2025

The global building and construction tapes market size is expected to reach USD 5.9 billion by 2025, according to a new report by Grand View Research, Inc. The demand for thin filmic tapes with a plastic backing material is primarily accounted for by use in transparent applications. The use of such a backing material results in a high dissipation of stress due to the superior viscoelastic behavior, which, in turn, is likely to lead to an increase in the industry growth.

The industry is distinguished by the presence of major manufacturers such as 3M, tesa, and Nitto Denko among others. The players account for a significant share and are involved in the production of superior products. In addition, high levels of price differentiation incorporated by such manufacturers’ increases the competitive rivalry among the players in the industry.

The industry is expected to be affected by rising price volatility of crude oil, which leads to an uncertainty in the prices of crude oil derived plastics and resins. In addition, the overcapacity of plastic production in China is expected to affect growth. High production levels of raw materials, such as acrylics and high-density plastics, are expected to drive market over the forecast period.

To request a sample copy or view summary of this report, click the link below: 
http://www.grandviewresearch.com/industry-analysis/building-construction-tapes-market

Further key findings from the report suggest:

·       Masking tapes are expected to witness lucrative gains and register a CAGR of 6.0% from 2017 to 2025 owing to superior barrier properties coupled with high product adoption by consumers in residential, commercial, and industrial buildings

·       Foil-based products are used extensively for insulation and HVAC applications in the industry on account of superior performance over a wide temperature range. The segment is expected to be valued at USD 534.4 million by 2025.

·       The growing use of the product in the mounting of windows and window panels on account of superior bond strength is expected to drive the industry with the segment likely to denote a CAGR of 5.6% from 2017 to 2025

·       Barrier protection was expected to reach a market value of USD 1.72 billion by 2025 on account of increased use of the product for paint protection for various constructions across the globe

·       North America accounted for revenue of USD 985.3 million in 2016 driven by the use of advanced material-based products for heat insulation applications in the region, with the product finding high penetration in the residential constructions

Grand View Research has segmented the building and construction tapes market on the basis of product, backing material, application, function, end use, distribution channel, and region:

Product Outlook (Volume, Million Square Meters; Revenue, USD Million; 2014 - 2025)

·         Double Sided

·         Masking

·         Duct

·         Other

Backing Material Outlook (Volume, Million Square Meters; Revenue; USD Million, 2014 - 2025)

·         PVC

·         PET

·         PP

·         PE

·         Foil

·         Paper

·         Foam

·         Others

Application Outlook (Volume, Million Square Meters; Revenue; USD Million, 2014 - 2025)

·         Flooring

·         Walls & Ceilings

·         Windows

·         Doors

·         Roofing

·         Building Envelope

·         Electrical

·         HVAC

·         Plumbing

Function Outlook (Volume, Million Square Meters; Revenue, USD Million; 2014 - 2025)

·         Bonding

·         Barrier Protection

·         Insulation

·         Glazing

·         Soundproofing

·         Cable Management

End-use Outlook (Volume, Million Square Meters; Revenue, USD Million; 2014 - 2025)

·         Residential

·         Commercial

·         Industrial

Distribution Channel Outlook (Volume, Million Square Meters; Revenue, USD Million, 2014 - 2025)

·         Direct

·         Third Party

Regional Outlook (Volume, Million Square Meters; Revenue, USD Million; 2014 - 2025)

·         North America

·         Europe

·         Asia Pacific

·         Central & South America

·         Middle East & Africa

About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

For More Information: www.grandviewresearch.com

Corrosion Resistant Alloys Market Expansion to Gain Robust Traction During the Forecast Period

The global corrosion resistant alloys market is expected to be valued at USD 9.64 billion by 2025, according to a new report by Grand View Research, Inc. Continuous technological advancements in the corrosion resistant alloys to accommodate the needs of various end-use markets have been key factors fueling the global market growth. The growing aerospace and automotive industries across the world are also anticipated to propel product demand over the forecast period.

Corrosion resistant alloy is a combination of various metal materials, which provide long-term corrosion resistance to components that are exposed to harsh environmental conditions. Chromium, cobalt, nickel, iron, titanium, and molybdenum are combined in varying proportions depending on the end-user industry. These metals can promote higher temperature and corrosion resistance in comparison to others such as carbon steel. They offer reliable protection to components in various industries including health, energy, pharmaceuticals, gas, oil, and chemical processing.

Utility metals are prone to corrosion. Corrosion resistant alloys are extensively used in various industries where the working conditions necessitate their use. The environmental settings and material compositions vary as per the configuration of major equipment in end-use industries in terms of temperature and corrosive condition.

Several factors contribute to corrosion in power generation plants that comprise water steam systems in their tubing. Components in coal-fired power plants, wind turbines, and nuclear & diesel generators are composed of strong and high-temperature-resistant materials. Nickel alloys are extensively used in power generation applications such as gas turbine components, scrubbers, heat exchangers, industrial furnaces & accessories, and land-based gas turbines.

To request a sample copy or view summary of this report, click the link below: 
http://www.grandviewresearch.com/industry-analysis/corrosion-resistant-alloys-market

Further key findings from the report suggest:

·       Europe corrosion resistant alloys market was valued at USD 1.38 billion in 2016 and is expected to ascend at a CAGR of 6.5% from 2017 to 2025. Nickel-based alloys was the largest segment in 2016 and is anticipated to progress at a CAGR of 7.1%.

·       The global demand for cobalt-based alloys was valued at USD 377.8 million in 2016 and is anticipated to witness moderate growth over the next 8 years. The aerospace & defense segment in Canada was worth USD 215.4 million in 2016 and is projected to denote a CAGR of 7.5% from 2017 to 2025.

·       The Asia Pacific market is projected to experience staggering growth over the next eight years owing to growing R&D activities, which in turn is expected to positively impact the aerospace and automotive segments. Canada market is projected to ascend at a CAGR of 6.8% between 2017 and 2025.

·       Key players that dominate the global market include Corrosion Resistant Alloys, L.P.; Haynes International, Inc.; Nippon Steel & Sumitomo Metal Corp (NSSMC); Mitsubishi Materials Trading Corporation; Special Metals Corporation; and Hitachi Metals MMC Superalloy, Ltd.

Grand View Research has segmented the global corrosion resistant alloys market on the basis of type, end use, and region:

Type Outlook (Revenue, USD Million; 2014 - 2025)

·         Iron-based Alloys

·         Nickel-based Alloys

·         Cobalt-based Alloys

·         Others

End-use Outlook (Revenue, USD Million; 2014 - 2025)

·         Oil & Gas

·         Automotive & Transportation

·         Aerospace & Defense

·         Energy & Power

·         Industrial

·         Others

Regional Outlook (Revenue, USD Million; 2014 - 2025)

·         North America

·         Europe

·         Asia Pacific

·         Central & South America

·         MEA

About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

For More Information: www.grandviewresearch.com