Chemical Industry - Market Research Report

The global welding products market is projected to reach a market size of USD 19.7 billion by 2025, according to a new report by Radiant insights, inc. The market is projected to experience significant growth over the forecast period owing to rising demand from the Asia Pacific region. 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 growth of the market. Asia Pacific is expected to witness higher growth rates owing to rising demand from the automotive sector in these countries coupled with increased awareness pertaining to high- quality automotive components. Building & construction industry dominated the market globally. The other key applications include transportation & automot...