Welding Products Market size is expected to reach USD 19.94 billion by 2030
Welding Products Industry Overview The global welding products market size was estimated at USD 13.49 billion in 2021 and is expected to expand at a compounded annual growth rate (CAGR) of 4.4% from 2022 to 2030. Factors such as design flexibility, reduction in the overall weight of the buildings and structures, and the ease in modification are projected to promote the use of welding products in construction and industrial application segments. The global construction sector is undergoing limited growth as a consequence of the economic recession caused by the Covid-19 crisis, which has resulted in low investor confidence and a decline in construction activities, as a result, the market has also experienced a catastrophic setback. Gather more insights about the market drivers, restrains and growth of the Global Welding Products Market The spread of the COVID-19 in China affected the growth of the engineering and construction industries. The increasing c...