Powder Welding Market
Powder Welding Market basis of product(Nickel ,Ferrous ,Silver ,Titanium ,Ni-B-Si) - Global Review 2021 to 2031
Analysis of Powder Welding market covering 30 + countries including analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more
Powder Welding Market: Overview
In 2020, the overall sales of the powder welding witnessed a massive decline due to the Covid-19 crisis as lockdown was implemented and all the factorial units were closed which led the manufacturing companies to face immense losses. Now in 2021, the global manufacturers are giving entire focus on improving their sales and profitability through product innovations and upgrades.
Leading corporations including Gensa Group, AMG Superalloys, NiGK Corporation, Pometon Powder, Grecian Magnesite, A-Works, H.C. Starck, Tongling Xinxin Welding Materials, A.N. Wallis., Xinchang Shibang New Material Co. and others are making high investments in the establishment of research institutes in different regions to come up with improvements in their offerings. They are adopting business strategies such as sales contracts, strategic alliances, acquiring technical expertise, product approvals, patents and events, joint ventures, partnership agreements, collaborations, digital marketing, mergers and acquisitions, capacity utilisations, technological advancements etc to lead the global market for powder welding with largest market share.
For instance, Grecian Magnesite, announced the expansion of its CCM (Caustic Calcined Magnesia) “Powder” product range with the installation of a new 60tpd grinding facility. The expansion is expected to increase the production process and will be dedicated for the processing of Caustic Calcined Magnesia with product fineness. The company has aligned this expansion with its long term strategy as it will enhance the company’s competitiveness and create additional opportunities to gain geographical footprint. In Terms of growth, the North American region is expected to show a significant growth in the demand due to the increasing construction projects which are creating growth space for powder welding manufacturers. The market in the Asia Pacific region is projected to be revenue generating through 2030 because of the emergence of new manufacturers and expansion of the infrastructure industry in the developing countries. All the other key regions are driving the market growth and opening various opportunities for manufacturers.
Powder welding is a process involving the heating of a workpiece with the help of a welding torch. At the same time, a dosage of metal powder is induced into the thermal flame. The metal powder then melts and gives a dense coating, which further creates a strong bond with the metal surface or workpiece by the means of diffusion and surface alloying. In a powder welding assembly, the hopper is attached to the flame torch where the metal powder is fed.
Powder welding is commercially used where a very thin layer of welding is required, particularly for smaller parts. In powder welding, the small thickness of 0.15 mm can give the optimum hardness, which is a prerequisite in many process industries. In the commercial marketplace, numerous metal powders are used in powder welding such as ferrous, nickel, aluminium, silver, copper, and titanium, among others. Also, metal alloys can be used in the powder welding process, and most of them are nickel-based.
One of the most common alloys used in powder welding is Ni-B-Si (Nickel-Boron-Silicon), a self-fluxing alloy. The presence of silicon and boron imparts efficient fluidity during the operation, and also helps in reducing the melting points of the powder welding cycle, which further allows powder welding operation at low temperatures.
The most common application technique where powder welding is used is oxy acetylene welding, owing to its cost-effective nature. However, powder welding can also be used in other welding techniques. Powder welding is predominantly used in processes where the base material is either iron, copper, or nickel.
Powder Welding Market: Market Dynamics
The use of power welding has sky-rocketed in the last few years, and the same trend is expected to continue its traction in the near future. Powder welding is referred to as one of the most cost-effective coatings, which creates the demand space for the same in numerous industries.
Some of the attributes possessed by powder welding, such as uniform coating, self-fluxing, exceptional hardness with a very thin layer, and negligible requisite of heat treatment during the whole powder welding process cycle are expected to help the powder welding market grow in the near future. Moreover, the expanding end-use industry landscape is providing new growth opportunities for the market participants present in the value chain of the powder welding market.
However, some of the challenges faced by the powder welding market are - powder welding is not economical for the formulation of thicker welding build-up; also, powder welding is not applicable for surfaces such as aluminum and magnesium. These are some factors that may hamper the growth of the powder welding market.
Powder Welding Market: Region-wise Trends
Growing refurbishment activities of old infrastructure along with novel construction projects are expected to create growth space for powder welding manufacturers in North America and Europe. India, China, and SEA & Other Pacific Countries are expected to create the maximum opportunities for powder welding manufacturers, owing to industrial expansion along with the growing construction and automotive industry.
Rapid urbanization coupled with growing disposable income in Asia Pacific is helping the powder welding market to grow. Latin America, Middle East & Africa, and Eastern Europe are emerging as manufacturing hubs for the powder welding market.
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Examples of some of the market participants in the global powder welding market identified across the value chain include:
- Gensa Group
- AMG Superalloys
- NiGK Corporation.
- Pometon Powder
- Grecian Magnesite
- H.C. Starck
- Tongling Xinxin Welding Materials
- A.N. Wallis.
- Xinchang Shibang New Material Co.
The research report presents a comprehensive assessment of the market, and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to market segments such as geography, application technique, product type, and end-use industry.
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- Market Dynamics
- Market Size
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- Value Chain
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Regional analysis includes:
- North America (U.S., Canada)
- Latin America (Mexico, Brazil, Argentina, Chile, Peru)
- Western Europe (Germany, Italy, France, U.K, Spain, BENELUX, Nordic, Eastern Europe)
- CIS and Russia
- Asia Pacific (China, India, ASEAN, South Korea)
- Middle East and Africa (GCC Countries, South Africa, Turkey, Iran, Israel)
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- Detailed overview of parent market
- Changing market dynamics in the industry
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- Historical, current and projected market size in terms of volume and value
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Powder Welding Market: Segmentation
On the basis of product type, the powder welding market can be segmented as:
On the basis of application technique, the powder welding market can be segmented as:
- Metal Arc Welding
- Tungsten Arc Welding
- Laser Welding
- Flux Cored Welding
On the basis of end-use industry, the powder welding market can be segmented as:
- Metal Manufacturing
- Building & Construction
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- FAQs -
The global powder welding market was valued at US$ 1.6 billion in 2021.
Global demand for powder welding is anticipated to increase at a CAGR of 5.7% during the forecast period.
The global powder welding market is likely to hit US$ 3 billion by 2031.