Aluminum Welding Wires Market in Europe by End-user by Volume - Forecast and Analysis 2021-2025

According to the research report, the aluminium welding wires market in Europe will witness a growth of 1.50 % at a CAGR of 2.12% which is expected to increase by USD 4.93 thousand MT for the forecast period 2020 to 2025.

This market research report provides valuable insights into the post-COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers market segmentation by end-user (automotive and transportation, construction, and others). The market report also offers information on several market vendors, including Colfax Corp., CTP Srl, DRAHTWERK ELISENTAL W. Erdmann GmbH & Co., EWM AG, Gedik Kaynak AS, Hilarius Haarlem Holland BV, Hi-Tech Wire Industries, LAIR LIQUIDE SA, Novametal SA, and The Lincoln Electric Co. among others.

What will the Aluminum Welding Wires Market Size in Europe be During the Forecast Period?

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Parent Market Analysis

Our Technavio Research categorizes the aluminum welding wires market in Europe belonging to aluminum industry Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the market during the forecast period.

Aluminum Welding Wires Market in Europe: Key Drivers, Trends, and Challenges

The research studied the historical data considered for years, with 2020 as the base year, and 2021 as the estimated year.

Key Aluminum Welding Wires Market Driver in Europe

One of the key factors driving growth in the market is the increasing demand for lightweight vehicles. The global demand for aluminum has been on the rise, with the growing demand for lightweight vehicles that use materials such as aluminum as a welding material to bring down the overall weight of a vehicle. The implementation of stringent global standards, such as the national pollution-control standards set by the US Department of Transportation or the US Environmental Protection Agency, has also fueled demand for aluminum welding wires.  Aluminum is used in many forms in the automotive industry, ranging from sheets for the vehicle body to welding owing to its unique features such as lightweight, corrosion resistance, and recyclability. The use of advanced technologies to reduce emission levels, increase fuel efficiency, and improve the driving dynamics of vehicles is increasing in the automotive industry. Aluminum alloys used in the automotive industry weigh half that of regular steel vehicles and absorb twice the impact during accidents. This enables automobiles to be stronger, safer, lightweight, and fuel-efficient. The preference for aluminum is also increasing due to the imposition of stringent emission norms by the Environmental Protection Agency, the EU, Corporate Average Fuel Efficiency, and other authorities. 

Key Aluminum Welding Wires Market Challenge in Europe

The fluctuating LME prices influence premiums and production plans will be a major challenge for the market during the forecast period. After the pandemic, the price of aluminum declined due to a demand-supply gap in 2020. The price rose drastically due to the revised supply-demand level in 2021. By April 2021, LME (London Metal Exchange) aluminum price was USD 2344.01 per ton. At present, the trend is again moving toward the recession period when the prices were low. Therefore, the fluctuations in LME prices play a significant role in the production volumes and profit margins of vendors. The premiums are also affected by price change as they are directly related to the LME prices. The buyers of aluminum, which include end-use segments such as automotive, construction, and shipbuilding, are required to pay high premium charges for the aluminum they purchase from the manufacturer. The premium is a surcharge that aluminum consumers must pay in addition to the main prices to receive the delivery of the metal from the warehouses. 

This market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2021-2025.

Who are the Major Aluminum Welding Wires Market Vendors in Europe?

The report analyzes the market’s competitive landscape and offers information on several market vendors, including:

• Colfax Corp.
• CTP Srl
• DRAHTWERK ELISENTAL W. Erdmann GmbH & Co.
• EWM AG
• Gedik Kaynak AS
• Hilarius Haarlem Holland BV
• Hi-Tech Wire Industries
• LAIR LIQUIDE SA
• Novametal SA
• The Lincoln Electric Co.

This statistical study of the market report encompasses successful business strategies deployed by the key vendors. The market is fragmented and the vendors are deploying growth strategies such as forming strategic alliances to compete in the market.

Product Insights and News

Colfax Corp. - The company offers aluminum welding wires through its subsidiary ESAB. Through the Fabrication technology segment, the company develops, manufactures, and supplies consumable products and equipment for use in the cutting, joining, and automated welding of steel, aluminum, and other metals and metal alloys. Through the Medical technology segment, the company develops, manufactures, and distributes high-quality medical devices with a broad range of products used for rehabilitation, pain management, and physical therapy.

The vendor profiles are designed to help clients improve their market position, and information on production and sustainability along with this the report provides a detailed analysis of several leading Companies.

Aluminum Welding Wires Market in Europe Value Chain Analysis

Our In-house experts produce extensive information on the value chain, and parent market of the market which vendors can leverage to gain a competitive advantage during the forecast period. The Value Chain information provides an end-end understanding of product insight and profit and also optimization and evaluation of business strategies The players across the value chain includes selective data and analysis from entire research findings as per the scope of the report.

What are the Revenue-generating End-user Segments in the Aluminum Welding Wires Market in Europe?

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The market share growth by the automotive and transportation segment will be significant during the forecast period. The automotive industry is one of the leading end-user segments of the market, as a significant number of metal parts are used in this industry. Aluminum welding wires are widely used in the automotive and transportation industries for various applications such as welding cast components, driveshafts, and body frames. The demand for metal parts is high among manufacturers of cars, sports vehicles, and trucks for applications in motors, engines, batteries, alternators, brake systems, and fuel systems. The rising penetration of EVs in the European automotive market, along with the need for highly efficient and performance-driven vehicles, is expected to drive the market for aluminum welding wires in the automotive segment during the forecast period.

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What are the Key Data Covered in this Aluminum Welding Wires Market in Europe Report?

• CAGR of the market during the forecast period 2021-2025
• Detailed information on factors that will drive market growth during the next five years
• Precise estimation of the market size and its contribution to the parent market
• Accurate predictions on upcoming trends and changes in consumer behaviour
• A thorough analysis of the market’s competitive landscape and detailed information on vendors
• Comprehensive details of factors that will challenge the growth of market vendors

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