Welding Consumables Market Trends and Segments 2016-2026

Valley Cottage, NY -- (SBWIRE) -- 12/08/2016 -- The extensive use of arc welding and oxy-fuel welding processes in the manufacturing of automobiles and machinery has generated considerable demand for flux and filler metals as welding consumables. As a result, the global market for welding consumables is expected to witness a significant growth in 2016, reaching the market value of US$ 11,835.8 Mn at a y-o-y growth rate of 5.4% over 2015. Furthermore, the global demand for welding consumables will also be influenced by the rising trend of automating welding processes in automobile and construction industries.