Global Aluminum Welding Wires market will reach 500 million US$ by the end of 2025
Published Date: 2019/6/11
A welding wire is a slim metallic rod that is ignited to generate a heated arc for the purpose of fusing metal pieces together (welding) by rendering the wire soft via hammering or compressing under an applied heat source.
Aluminum welding wire downstream application is very wide. Aluminum welding wire has acquired increasing significance in fields of automotive. The aluminum welding wire market is mainly driven by growing demand for automotive and shipbuilding industry.
Aluminum welding wire can be mainly divided into pure aluminum welding wire, aluminum-magnesium alloy welding wire and Al-Si alloy welding wire, during which aluminum-magnesium alloy welding wire captures about 53% of market share in 2017. The proportion will gradually increase in the future.
global market is expected to witness slow growth, so in the next few years, mainly due to the slow pace of downstream infrastructure construction, and shipbuilding industry demand is low .in 2024 the consumption of aluminum welding wire is estimated to be 53.9 K MT.
The global Aluminum Welding Wires market was 320 million US$ in 2018 and is expected to 500 million US$ by the end of 2025, growing at a CAGR of 6.7% between 2019 and 2025.
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