According to the new market research report “Aluminum Welding Wires - Global Market Share and Ranking, Overall Sales and Demand Forecast 2024-2030”, published by QYResearch, the global Aluminum Welding Wires market size is projected to reach USD 0.72 billion by 2030, at a CAGR of 6.3% during the forecast period.
- Global Aluminum Welding Wires MarketSize(US$ Million), 2019-2030
Source: QYResearch, "Aluminum Welding Wires - Global Market Share and Ranking, Overall Sales and Demand Forecast 2024-2030”
- Global Aluminum Welding Wires Top5Players Ranking and Market Share (Ranking is based on the revenue of 2023, continually updated)
Source: QYResearch, "Aluminum Welding Wires - Global Market Share and Ranking, Overall Sales and Demand Forecast 2024-2030”
According to QYResearch Top Players Research Center, the global key manufacturers of Aluminum Welding Wires include ESAB (Colfax Corporation), Lincoln Electric, ITW, Safra, Elisental, KaynakTekniğiSanayi ve TicaretA.Ş, Weld Atlantic, Tianjin Bridge, Sumitomo Electric Industries, Changzhou Huatong Welding, etc. In 2023, the global top five players had a share approximately 53.0% in terms of revenue.
The global aluminum welding wires market is driven by the increasing demand for lightweight and high-strength materials in various industries, such as automotive, aerospace, construction, and shipbuilding. The automotive sector, in particular, is pushing for lighter vehicles to improve fuel efficiency and reduce emissions, leading to greater use of aluminum and, consequently, aluminum welding wires. Additionally, the growth in infrastructure development and the rising popularity of aluminum in structural applications for its corrosion resistance and durability further boost the market. Technological advancements in welding techniques and equipment also contribute to the market growth by enhancing the efficiency and quality of aluminum welding. Moreover, the trend towards sustainable and recyclable materials in manufacturing processes supports the adoption of aluminum welding wires.
About The Authors
| Yang Min - Lead Author |
| Email: yangmin@qyresearch.com |
| Yang Min is a market senior analyst specializing in chemical materials. Yangmin has 8 years’ experience in chemical materials market analysis, and focuses on chemical materials and API. He engaged in the development of technology and market reports and is also involved in custom projects. |
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