MRRSE has announced the addition of the “Nickel Alloy Welding Consumables Market- Global Industry Analysis, Size, Share, Growth Trends, and Forecast 2016 - 2024” report to their offering.

1. Price Volatility of Raw Materials Crimps Growth in Global
Nickel Alloy Welding Consumables Market
Report Description
Market Research Reports Search Engine (MRRSE), has
announced the addition of a new report, titled “Nickel Alloy
Welding Consumables Market- Global Industry Analysis, Size,

2. Share, Growth Trends, and Forecast 2016 - 2024.” The report
presents a detailed analysis of the market by taking into
account current trends, competitive dynamics, and future
prospects in terms of sales and revenue.
The global nickel alloy welding consumables market is
predicted to exhibit a healthy CAGR of 6.6%. Rising at this
pace, the market is expected to reach US$5.87 bn by 2024
from US$3.32 bn in 2015. In terms of volume, the market is
predicted to clock a healthy CAGR of nearly 5% over the
same period.
Request a Sample Copy of the Report @
http://www.mrrse.com/sample/2124

3. Currently, a lot many factors are driving the market. The
most noteworthy among them is the significant expansion in
the transportation and power industry, which make use of
nickel and its alloys. Nickel also finds applications in
renewable energy facilities such as wind and solar energy.
This would further pave the way for growth in the global
nickel alloy welding consumables market. Rapidly developing
nations, with China at the forefront, have mainly bolstered
the demand for nickel alloys in the welding industry on
account of large scale infrastructure development and swift
pace of industrialization. Besides the dominant China, Gulf
Cooperation Council countries are also expected to drive the

4. market with a predicted strong CAGR of 7.14% in the period
between 2016 and 2024.
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Crimping the growth of the market is the price volatility
resulting from a combination of robust demand for nickel
alloys in the welding industry and variations in production of
nickel. Aggravating the situation further is the lack of proper
substitutes. This has negatively impacted the uptake of these
products, particularly across cost-conscious emerging
economies and small- and medium-sized enterprises. Dearth
of skilled workers with adequate knowledge about the use of

5. welding technologies and welding consumables has also
dampened growth significantly.
As far as the competitive landscape is concerned, it is
witnessing cutthroat competition with many domestic and
international players spread across key regions in the global
market for nickel alloy welding consumables. This has
resulted in a wide array of products in the market, ranging
from the expensive, branded ones to the cheaper, local
varieties. The top five vendors in the market, namely ESAB,
Lincoln Electric Holdings, Inc., Illinois Tool Works Inc., and
Voestalpine Böhler Welding GmbH, together held almost half
the market share in 2015.

6. Browse Full Global Nickel Alloy Welding Consumables Market
Report with TOC:http://www.mrrse.com/nickel-alloy-welding-
consumables-market
The report has bifurcated the global nickel alloy welding
consumables market on the basis of products into wires and
stick electrodes. Depending upon the welding technology, it
has divided the market into gas metal arc welding, shielded
metal arc welding, flux cored arc welding, gas tungsten arc
welding, and submerged arc welding. Based on the alloy
type, the market has been segmented into inconel alloys,
monel alloys, and other alloys. End-use application-wise, the
market has been classified into oil and gas, construction,
transportation, power, marine, manufacturing, and other

7. applications. Applications such as transportation and
manufacturing are expected to occupy a leading share in the
nickel alloy welding consumable market.
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