Global Stick Electrodes Market To Worth USD 17.4 Billion By 2022

Date: 2018-03-02

Stick Electrodes, also known as welding electrodes, welding rods, weld rods, welding electrodes are metal wires with baked on chemical coatings. The rod is used to sustain the welding arc and to provide the filler metal required for the joint to be welded.

Stick Electrodes are widely consumed in a number aspects of field such as automotive, construction and building, transportation, oil and gas, the global consistently investment in urbanization and infrastructures are expected to result in rising demand for the Stick Electrodes,  according to research, global Stick Electrodes market is projected to reach USD 17.4 billion by 2022.

Geographically, Asia Pacific is expected to account for the largest market share of the Stick Electrodes over the forecast period due to their largest production in automobile, packaging, chemical and construction and building, transportation etc. In addition, Asia Pacific is projected to have the fastest growth, owing to rapidly developing manufacturing bases and increasing number of end-use industry players, in developing nations such as China and India in this region.

In terms of application, the automotive application segment is projected to experience a highest CAGR for the forecast period, growing at a CAGR of over 7.1% from 2018-2022. 

Global top manufacturers operating in Stick Electrodes market are Colfax Corporation, voestalpine AG, Air Liquide, The Lincoln Electric Company, Illinois Tool Works Inc., Hyundai Welding Co., Ltd., Sandvik AB, Obara Corporation, Kiswel Inc., Panasonic Welding Systems Co., Ltd., Denyo Co., Ltd., Kemppi Oy, Arcon Welding Equipment, Fronius International GmbH among others.

Global Stick Electrodes market share by geography as following:

Read Full Report: http://www.gosreports.com/global-stick-electrodes-market-research-report-2017/

Joanna | Executive – International Business and partner Relations
E-mail: info@gosreports.com | Tel: 510-400-8520
Web: www.gosreports.com
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