Filler Metals Market Size, Type Analysis, Application Analysis, End-Use, Industry Analysis, Regional Outlook, Competitive Strategies And Forecasts, 2023-2032
- Report ID: ME_00837
- Format: Electronic (PDF)
- Publish Type: Publish
- Number of Pages: 250
Market Snapshot
Source: Market Expertz
| Study Period | 2019-2032 |
| Base Year | 2023 |
| Forcast Year | 2023-2032 |
| CAGR | 7.54 |
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The Filler Metals Market is anticipated to grow significantly, with an expected CAGR of 4.75% between 2022 and 2032. The market's value is projected to increase by USD 2,124.31 million during this period. Several factors are driving this growth, including the expansion of the manufacturing and construction sectors, the demand for high-quality welds, and the increasing use of filler metals in various industries. Filler metals play a critical role in welding and joining applications by providing strength and stability to the weld joint.
Filler Metals Market Overview:
Drivers:
The demand for high-quality welds in critical applications, such as aerospace and automotive manufacturing, is contributing to market growth. Filler metals with precise composition and properties are essential for achieving welds that meet industry standards and performance requirements.
Trends:
Moreover, the increasing use of automation and robotic welding systems in industries like automotive and aerospace is driving the adoption of filler metals designed for automated welding processes. These filler metals enable consistent and efficient welding in automated production lines.
Restraints:
Additionally, environmental concerns related to emissions produced during welding processes are prompting industries to explore more environmentally friendly alternatives, which may impact the demand for filler metals.
Filler Metals Market Segmentation:
Type: Filler metals come in various types, each designed for specific welding applications. Common types include:
- Stick Electrodes
- Solid Wires
- Flux-Cored Wires
- SAW Wires and Fluxes
- Others
End-Use Industry: Filler metals are used in various industries, including:
- Construction
- Manufacturing
- Automotive
- Aerospace
- Shipbuilding
- Others
Welding Process: Filler metals are used in different welding processes, including:
- Shielded Metal Arc Welding (SMAW)
- Gas Metal Arc Welding (GMAW)
- Submerged Arc Welding (SAW)
- Others
Regional Overview:
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North America: North America is expected to be a significant market for filler metals, driven by the manufacturing and construction sectors in the United States and Canada. The demand for high-quality welds supports market growth.
Europe: Europe's manufacturing and automotive sectors contribute to the demand for filler metals. Countries like Germany, France, and Italy are prominent markets.
APAC: The Asia-Pacific region, led by China and India, experiences growth in manufacturing and infrastructure development. The expansion of these sectors creates opportunities for filler metal adoption.
South America: South American industries, including construction and shipbuilding, rely on welding processes and filler metals. Brazil and Argentina are potential growth markets.
Middle East & Africa: The Middle East & Africa region's infrastructure and energy projects drive the demand for welding solutions, including filler metals.
Filler Metals Market Customer Landscape: Understanding customer preferences and industry-specific needs is essential for companies in the filler metals market. The report provides insights into the adoption of filler metals across various industries and analyzes factors influencing customers' welding technology choices, including weld quality and cost-effectiveness.
Major Filler Metals Market Companies: Companies in the filler metals market focus on product innovation and quality to meet the welding needs of various industries:
- The Lincoln Electric Company: Lincoln Electric offers a wide range of filler metals, including stick electrodes, solid wires, and flux-cored wires, catering to diverse welding applications.
- ESAB: ESAB manufactures filler metals under various brand names, providing solutions for efficient and reliable welding in industries such as construction, manufacturing, and aerospace.
- voestalpine Böhler Welding: voestalpine Böhler Welding specializes in welding consumables, including filler metals and flux-cored wires, designed for applications in multiple industries.
The competitive landscape analysis in the report evaluates 20 market companies, categorizing them based on their strengths, market presence, and specialization.
- Lincoln Electric
- ESAB
- ITW Welding
- voestalpine Böhler Welding
- Harris Products Group
- Sandvik Materials Technology
- Kobe Steel, Ltd.
- Gedik Welding
- Welding Alloys Group
- Indium Corporation
- AlcoTec Wire Corporation
- Washington Alloy Company
- UTP Maintenance
- Stoody Industrial & Welding Supply
- Select-Arc, Inc.
- Bohler Welding Group India Pvt. Ltd.
- Metrode Products Limited
- Oxford Alloys, Inc.
- Crown Alloys Company
- Weld Mold Company
Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
Segment Overview:
- Type Outlook (USD Million, 2019 - 2032):
- Stick Electrodes
- Solid Wires
- Flux-Cored Wires
- SAW Wires and Fluxes
- Others
- End-Use Industry Outlook (USD Million, 2019 - 2032):
- Construction
- Manufacturing
- Automotive
- Aerospace
- Shipbuilding
- Others
- Welding Process Outlook (USD Million, 2019 - 2032):
- Shielded Metal Arc Welding (SMAW)
- Gas Metal Arc Welding (GMAW)
- Submerged Arc Welding (SAW)
- Others
- Geography Outlook (USD Million, 2019 - 2032):
- North America
- United States
- Canada
- Europe
- United Kingdom
- Germany
- France
- Rest of Europe
- Asia-Pacific
- China
- India
- South America
- Brazil
- Argentina
- Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of the Middle East & Africa
Table of Contents
United States Filler Metals Market Report 2017
1 Filler Metals Overview
1.1 Product Overview and Scope of Filler Metals
1.2 Classification of Filler Metals by Product Category
1.2.1 United States Filler Metals Market Size (Sales Volume) Comparison by Type (2012-2022)
1.2.2 United States Filler Metals Market Size (Sales Volume) Market Share by Type (Product Category) in 2016
1.2.3 Tubular Wires (Flux-cored and Metal-cored)
1.2.4 Solid Wires
1.2.5 Stick Electrodes
1.3 United States Filler Metals Market by Application/End Users
1.3.1 United States Filler Metals Market Size (Consumption) and Market Share Comparison by Application (2012-2022)
1.3.2 Automotive
1.3.3 Fabrication
1.3.4 Machining
1.3.5 Manufacturing
1.3.6 Commercial
1.3.7 Heavy Industrial
1.4 United States Filler Metals Market by Region
1.4.1 United States Filler Metals Market Size (Value) Comparison by Region (2012-2022)
1.4.2 The West Filler Metals Status and Prospect (2012-2022)
1.4.3 Southwest Filler Metals Status and Prospect (2012-2022)
1.4.4 The Middle Atlantic Filler Metals Status and Prospect (2012-2022)
1.4.5 New England Filler Metals Status and Prospect (2012-2022)
1.4.6 The South Filler Metals Status and Prospect (2012-2022)
1.4.7 The Midwest Filler Metals Status and Prospect (2012-2022)
1.5 United States Market Size (Value and Volume) of Filler Metals (2012-2022)
1.5.1 United States Filler Metals Sales and Growth Rate (2012-2022)
1.5.2 United States Filler Metals Revenue and Growth Rate (2012-2022)
2 United States Filler Metals Market Competition by Players/Suppliers
2.1 United States Filler Metals Sales and Market Share of Key Players/Suppliers (2012-2017)
2.2 United States Filler Metals Revenue and Share by Players/Suppliers (2012-2017)
2.3 United States Filler Metals Average Price by Players/Suppliers (2012-2017)
2.4 United States Filler Metals Market Competitive Situation and Trends
2.4.1 United States Filler Metals Market Concentration Rate
2.4.2 United States Filler Metals Market Share of Top 3 and Top 5 Players/Suppliers
2.4.3 Mergers & Acquisitions, Expansion in United States Market
2.5 United States Players/Suppliers Filler Metals Manufacturing Base Distribution, Sales Area, Product Type
3 United States Filler Metals Sales (Volume) and Revenue (Value) by Region (2012-2017)
3.1 United States Filler Metals Sales and Market Share by Region (2012-2017)
3.2 United States Filler Metals Revenue and Market Share by Region (2012-2017)
3.3 United States Filler Metals Price by Region (2012-2017)
4 United States Filler Metals Sales (Volume) and Revenue (Value) by Type (Product Category) (2012-2017)
4.1 United States Filler Metals Sales and Market Share by Type (Product Category) (2012-2017)
4.2 United States Filler Metals Revenue and Market Share by Type (2012-2017)
4.3 United States Filler Metals Price by Type (2012-2017)
4.4 United States Filler Metals Sales Growth Rate by Type (2012-2017)
5 United States Filler Metals Sales (Volume) by Application (2012-2017)
5.1 United States Filler Metals Sales and Market Share by Application (2012-2017)
5.2 United States Filler Metals Sales Growth Rate by Application (2012-2017)
5.3 Market Drivers and Opportunities
6 United States Filler Metals Players/Suppliers Profiles and Sales Data
6.1 Fusion Inc.
6.1.1 Company Basic Information, Manufacturing Base and Competitors
6.1.2 Filler Metals Product Category, Application and Specification
6.1.2.1 Product A
6.1.2.2 Product B
6.1.3 Fusion Inc. Filler Metals Sales, Revenue, Price and Gross Margin (2012-2017)
6.1.4 Main Business/Business Overview
6.2 Hobart Brothers Company
6.2.2 Filler Metals Product Category, Application and Specification
6.2.2.1 Product A
6.2.2.2 Product B
6.2.3 Hobart Brothers Company Filler Metals Sales, Revenue, Price and Gross Margin (2012-2017)
6.2.4 Main Business/Business Overview
6.3 ESAB
6.3.2 Filler Metals Product Category, Application and Specification
6.3.2.1 Product A
6.3.2.2 Product B
6.3.3 ESAB Filler Metals Sales, Revenue, Price and Gross Margin (2012-2017)
6.3.4 Main Business/Business Overview
6.4 Lincoln Electric
6.4.2 Filler Metals Product Category, Application and Specification
6.4.2.1 Product A
6.4.2.2 Product B
6.4.3 Lincoln Electric Filler Metals Sales, Revenue, Price and Gross Margin (2012-2017)
6.4.4 Main Business/Business Overview
6.5 Miller Electric
6.5.2 Filler Metals Product Category, Application and Specification
6.5.2.1 Product A
6.5.2.2 Product B
6.5.3 Miller Electric Filler Metals Sales, Revenue, Price and Gross Margin (2012-2017)
6.5.4 Main Business/Business Overview
6.6 Lucas-Milhaupt
6.6.2 Filler Metals Product Category, Application and Specification
6.6.2.1 Product A
6.6.2.2 Product B
6.6.3 Lucas-Milhaupt Filler Metals Sales, Revenue, Price and Gross Margin (2012-2017)
6.6.4 Main Business/Business Overview
6.7 Special Metals
6.7.2 Filler Metals Product Category, Application and Specification
6.7.2.1 Product A
6.7.2.2 Product B
6.7.3 Special Metals Filler Metals Sales, Revenue, Price and Gross Margin (2012-2017)
6.7.4 Main Business/Business Overview
6.8 Hyundai
6.8.2 Filler Metals Product Category, Application and Specification
6.8.2.1 Product A
6.8.2.2 Product B
6.8.3 Hyundai Filler Metals Sales, Revenue, Price and Gross Margin (2012-2017)
6.8.4 Main Business/Business Overview
6.9 Alcotec
6.9.2 Filler Metals Product Category, Application and Specification
6.9.2.1 Product A
6.9.2.2 Product B
6.9.3 Alcotec Filler Metals Sales, Revenue, Price and Gross Margin (2012-2017)
6.9.4 Main Business/Business Overview
6.10 Avesta
6.10.2 Filler Metals Product Category, Application and Specification
6.10.2.1 Product A
6.10.2.2 Product B
6.10.3 Avesta Filler Metals Sales, Revenue, Price and Gross Margin (2012-2017)
6.10.4 Main Business/Business Overview
6.11 Select Arc
6.12 Stoody
7 Filler Metals Manufacturing Cost Analysis
7.1 Filler Metals Key Raw Materials Analysis
7.1.1 Key Raw Materials
7.1.2 Price Trend of Key Raw Materials
7.1.3 Key Suppliers of Raw Materials
7.1.4 Market Concentration Rate of Raw Materials
7.2 Proportion of Manufacturing Cost Structure
7.2.1 Raw Materials
7.2.2 Labor Cost
7.2.3 Manufacturing Expenses
7.3 Manufacturing Process Analysis of Filler Metals
8 Industrial Chain, Sourcing Strategy and Downstream Buyers
8.1 Filler Metals Industrial Chain Analysis
8.2 Upstream Raw Materials Sourcing
8.3 Raw Materials Sources of Filler Metals Major Manufacturers in 2016
8.4 Downstream Buyers
9 Marketing Strategy Analysis, Distributors/Traders
9.1 Marketing Channel
9.1.1 Direct Marketing
9.1.2 Indirect Marketing
9.1.3 Marketing Channel Development Trend
9.2 Market Positioning
9.2.1 Pricing Strategy
9.2.2 Brand Strategy
9.2.3 Target Client
9.3 Distributors/Traders List
10 Market Effect Factors Analysis
10.1 Technology Progress/Risk
10.1.1 Substitutes Threat
10.1.2 Technology Progress in Related Industry
10.2 Consumer Needs/Customer Preference Change
10.3 Economic/Political Environmental Change
11 United States Filler Metals Market Size (Value and Volume) Forecast (2017-2022)
11.1 United States Filler Metals Sales Volume, Revenue Forecast (2017-2022)
11.2 United States Filler Metals Sales Volume Forecast by Type (2017-2022)
11.3 United States Filler Metals Sales Volume Forecast by Application (2017-2022)
11.4 United States Filler Metals Sales Volume Forecast by Region (2017-2022)
12 Research Findings and Conclusion
13 Appendix
13.1 Methodology/Research Approach
13.1.1 Research Programs/Design
13.1.2 Market Size Estimation
13.1.3 Market Breakdown and Data Triangulation
13.2 Data Source
13.2.1 Secondary Sources
13.2.2 Primary Sources
13.3 Disclaimer
List of Tables and Figures
Figure Product Picture of Filler Metals
Figure United States Filler Metals Market Size (K MT) by Type (2012-2022)
Figure United States Filler Metals Sales Volume Market Share by Type (Product Category) in 2016
Figure Tubular Wires (Flux-cored and Metal-cored) Product Picture
Figure Solid Wires Product Picture
Figure Stick Electrodes Product Picture
Figure United States Filler Metals Market Size (K MT) by Application (2012-2022)
Figure United States Sales Market Share of Filler Metals by Application in 2016
Figure Automotive Examples
Table Key Downstream Customer in Automotive
Figure Fabrication Examples
Table Key Downstream Customer in Fabrication
Figure Machining Examples
Table Key Downstream Customer in Machining
Figure Manufacturing Examples
Table Key Downstream Customer in Manufacturing
Figure Commercial Examples
Table Key Downstream Customer in Commercial
Figure Heavy Industrial Examples
Table Key Downstream Customer in Heavy Industrial
Figure United States Filler Metals Market Size (Million USD) by Region (2012-2022)
Figure The West Filler Metals Revenue (Million USD) and Growth Rate (2012-2022)
Figure Southwest Filler Metals Revenue (Million USD) and Growth Rate (2012-2022)
Figure The Middle Atlantic Filler Metals Revenue (Million USD) and Growth Rate (2012-2022)
Figure New England Filler Metals Revenue (Million USD) and Growth Rate (2012-2022)
Figure The South of US Filler Metals Revenue (Million USD) and Growth Rate (2012-2022)
Figure The Midwest Filler Metals Revenue (Million USD) and Growth Rate (2012-2022)
Figure United States Filler Metals Sales (K MT) and Growth Rate (2012-2022)
Figure United States Filler Metals Revenue (Million USD) and Growth Rate (2012-2022)
Figure United States Filler Metals Market Major Players Product Sales Volume (K MT) (2012-2017)
Table United States Filler Metals Sales (K MT) of Key Players/Suppliers (2012-2017)
Table United States Filler Metals Sales Share by Players/Suppliers (2012-2017)
Figure 2016 United States Filler Metals Sales Share by Players/Suppliers
Figure 2017 United States Filler Metals Sales Share by Players/Suppliers
Figure United States Filler Metals Market Major Players Product Revenue (Million USD) (2012-2017)
Table United States Filler Metals Revenue (Million USD) by Players/Suppliers (2012-2017)
Table United States Filler Metals Revenue Share by Players/Suppliers (2012-2017)
Figure 2016 United States Filler Metals Revenue Share by Players/Suppliers
Figure 2017 United States Filler Metals Revenue Share by Players/Suppliers
Table United States Market Filler Metals Average Price (USD/MT) of Key Players/Suppliers (2012-2017)
Figure United States Market Filler Metals Average Price (USD/MT) of Key Players/Suppliers in 2016
Figure United States Filler Metals Market Share of Top 3 Players/Suppliers
Figure United States Filler Metals Market Share of Top 5 Players/Suppliers
Table United States Players/Suppliers Filler Metals Manufacturing Base Distribution and Sales Area
Table United States Players/Suppliers Filler Metals Product Category
Table United States Filler Metals Sales (K MT) by Region (2012-2017)
Table United States Filler Metals Sales Share by Region (2012-2017)
Figure United States Filler Metals Sales Share by Region (2012-2017)
Figure United States Filler Metals Sales Market Share by Region in 2016
Table United States Filler Metals Revenue (Million USD) and Market Share by Region (2012-2017)
Table United States Filler Metals Revenue Share by Region (2012-2017)
Figure United States Filler Metals Revenue Market Share by Region (2012-2017)
Figure United States Filler Metals Revenue Market Share by Region in 2016
Table United States Filler Metals Price (USD/MT) by Region (2012-2017)
Table United States Filler Metals Sales (K MT) by Type (2012-2017)
Table United States Filler Metals Sales Share by Type (2012-2017)
Figure United States Filler Metals Sales Share by Type (2012-2017)
Figure United States Filler Metals Sales Market Share by Type in 2016
Table United States Filler Metals Revenue (Million USD) and Market Share by Type (2012-2017)
Table United States Filler Metals Revenue Share by Type (2012-2017)
Figure Revenue Market Share of Filler Metals by Type (2012-2017)
Figure Revenue Market Share of Filler Metals by Type in 2016
Table United States Filler Metals Price (USD/MT) by Types (2012-2017)
Figure United States Filler Metals Sales Growth Rate by Type (2012-2017)
Table United States Filler Metals Sales (K MT) by Application (2012-2017)
Table United States Filler Metals Sales Market Share by Application (2012-2017)
Figure United States Filler Metals Sales Market Share by Application (2012-2017)
Figure United States Filler Metals Sales Market Share by Application in 2016
Table United States Filler Metals Sales Growth Rate by Application (2012-2017)
Figure United States Filler Metals Sales Growth Rate by Application (2012-2017)
Table Fusion Inc. Basic Information List
Table Fusion Inc. Filler Metals Sales (K MT), Revenue (Million USD), Price (USD/MT) and Gross Margin (2012-2017)
Figure Fusion Inc. Filler Metals Sales Growth Rate (2012-2017)
Figure Fusion Inc. Filler Metals Sales Market Share in United States (2012-2017)
Figure Fusion Inc. Filler Metals Revenue Market Share in United States (2012-2017)
Table Hobart Brothers Company Basic Information List
Table Hobart Brothers Company Filler Metals Sales (K MT), Revenue (Million USD), Price (USD/MT) and Gross Margin (2012-2017)
Figure Hobart Brothers Company Filler Metals Sales Growth Rate (2012-2017)
Figure Hobart Brothers Company Filler Metals Sales Market Share in United States (2012-2017)
Figure Hobart Brothers Company Filler Metals Revenue Market Share in United States (2012-2017)
Table ESAB Basic Information List
Table ESAB Filler Metals Sales (K MT), Revenue (Million USD), Price (USD/MT) and Gross Margin (2012-2017)
Figure ESAB Filler Metals Sales Growth Rate (2012-2017)
Figure ESAB Filler Metals Sales Market Share in United States (2012-2017)
Figure ESAB Filler Metals Revenue Market Share in United States (2012-2017)
Table Lincoln Electric Basic Information List
Table Lincoln Electric Filler Metals Sales (K MT), Revenue (Million USD), Price (USD/MT) and Gross Margin (2012-2017)
Figure Lincoln Electric Filler Metals Sales Growth Rate (2012-2017)
Figure Lincoln Electric Filler Metals Sales Market Share in United States (2012-2017)
Figure Lincoln Electric Filler Metals Revenue Market Share in United States (2012-2017)
Table Miller Electric Basic Information List
Table Miller Electric Filler Metals Sales (K MT), Revenue (Million USD), Price (USD/MT) and Gross Margin (2012-2017)
Figure Miller Electric Filler Metals Sales Growth Rate (2012-2017)
Figure Miller Electric Filler Metals Sales Market Share in United States (2012-2017)
Figure Miller Electric Filler Metals Revenue Market Share in United States (2012-2017)
Table Lucas-Milhaupt Basic Information List
Table Lucas-Milhaupt Filler Metals Sales (K MT), Revenue (Million USD), Price (USD/MT) and Gross Margin (2012-2017)
Figure Lucas-Milhaupt Filler Metals Sales Growth Rate (2012-2017)
Figure Lucas-Milhaupt Filler Metals Sales Market Share in United States (2012-2017)
Figure Lucas-Milhaupt Filler Metals Revenue Market Share in United States (2012-2017)
Table Special Metals Basic Information List
Table Special Metals Filler Metals Sales (K MT), Revenue (Million USD), Price (USD/MT) and Gross Margin (2012-2017)
Figure Special Metals Filler Metals Sales Growth Rate (2012-2017)
Figure Special Metals Filler Metals Sales Market Share in United States (2012-2017)
Figure Special Metals Filler Metals Revenue Market Share in United States (2012-2017)
Table Hyundai Basic Information List
Table Hyundai Filler Metals Sales (K MT), Revenue (Million USD), Price (USD/MT) and Gross Margin (2012-2017)
Figure Hyundai Filler Metals Sales Growth Rate (2012-2017)
Figure Hyundai Filler Metals Sales Market Share in United States (2012-2017)
Figure Hyundai Filler Metals Revenue Market Share in United States (2012-2017)
Table Alcotec Basic Information List
Table Alcotec Filler Metals Sales (K MT), Revenue (Million USD), Price (USD/MT) and Gross Margin (2012-2017)
Figure Alcotec Filler Metals Sales Growth Rate (2012-2017)
Figure Alcotec Filler Metals Sales Market Share in United States (2012-2017)
Figure Alcotec Filler Metals Revenue Market Share in United States (2012-2017)
Table Avesta Basic Information List
Table Avesta Filler Metals Sales (K MT), Revenue (Million USD), Price (USD/MT) and Gross Margin (2012-2017)
Figure Avesta Filler Metals Sales Growth Rate (2012-2017)
Figure Avesta Filler Metals Sales Market Share in United States (2012-2017)
Figure Avesta Filler Metals Revenue Market Share in United States (2012-2017)
Table Select Arc Basic Information List
Table Stoody Basic Information List
Table Production Base and Market Concentration Rate of Raw Material
Figure Price Trend of Key Raw Materials
Table Key Suppliers of Raw Materials
Figure Manufacturing Cost Structure of Filler Metals
Figure Manufacturing Process Analysis of Filler Metals
Figure Filler Metals Industrial Chain Analysis
Table Raw Materials Sources of Filler Metals Major Players/Suppliers in 2016
Table Major Buyers of Filler Metals
Table Distributors/Traders List
Figure United States Filler Metals Sales Volume (K MT) and Growth Rate Forecast (2017-2022)
Figure United States Filler Metals Revenue (Million USD) and Growth Rate Forecast (2017-2022)
Figure United States Filler Metals Price (USD/MT) Trend Forecast (2017-2022)
Table United States Filler Metals Sales Volume (K MT) Forecast by Type (2017-2022)
Figure United States Filler Metals Sales Volume (K MT) Forecast by Type (2017-2022)
Figure United States Filler Metals Sales Volume (K MT) Forecast by Type in 2022
Table United States Filler Metals Sales Volume (K MT) Forecast by Application (2017-2022)
Figure United States Filler Metals Sales Volume (K MT) Forecast by Application (2017-2022)
Figure United States Filler Metals Sales Volume (K MT) Forecast by Application in 2022
Table United States Filler Metals Sales Volume (K MT) Forecast by Region (2017-2022)
Table United States Filler Metals Sales Volume Share Forecast by Region (2017-2022)
Figure United States Filler Metals Sales Volume Share Forecast by Region (2017-2022)
Figure United States Filler Metals Sales Volume Share Forecast by Region in 2022
Table Research Programs/Design for This Report
Figure Bottom-up and Top-down Approaches for This Report
Figure Data Triangulation
Table Key Data Information from Secondary Sources
Table Key Data Information from Primary Sources
RESEARCH METHODOLOGY
A research methodology is a systematic approach for assessing or conducting a market study. Researchers tend to draw on a variety of both qualitative and quantitative study methods, inclusive of investigations, survey, secondary data and market observation.
Such plans can focus on classifying the products offered by leading market players or simply use statistical models to interpret observations or test hypotheses. While some methods aim for a detailed description of the factors behind an observation, others present the context of the current market scenario.
Now let’s take a closer look at the research methods here.
Secondary Research Model
Extensive data is obtained and cumulated on a substantial basis during the inception phase of the research process. The data accumulated is consistently filtered through validation from the in-house database, paid sources as well reputable industry magazines. A robust research study requires an understanding of the overall value chain. Annual reports and financials of industry players are studied thoroughly to have a comprehensive idea of the market taxonomy.
Primary Insights
Post conglomeration of the data obtained through secondary research; a validation process is initiated to verify the numbers or figures. This process is usually performed by having a detailed discussion with the industry experts.
However, we do not restrict our primary interviews only to the industry leaders. Our team covers the entire value chain while verifying the data. A significant number of raw material suppliers, local manufacturers, distributors, and stakeholders are interviewed to make our findings authentic. The current trends which include the drivers, restraints, and opportunities are also derived through the primary research process.
Market Estimation
The market estimation is conducted by analyzing the data collected through both secondary and primary research. This process involves market breakdown, bottom-up and top- down approach.
Moreover, while forecasting the market a comprehensive statistical time series model is designed for each market. Macroeconomic indicators are considered to understand the current trends of the market. Each data point is verified by the process of data triangulation method to arrive at the final market estimates.
Final Presentation
The penultimate process results in a holistic research report. The study equips key industry players to undertake significant strategic decisions through the findings. The report encompasses detailed market information. Graphical representations of the current market trends are also made available in order to make the study highly comprehensible for the reader.
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