Transparency Market Research has published a new report titled “Welding Consumables Market – Indonesia Industry Analysis, Size, Share, Growth, Trends and Forecast, 2015 – 2023.” According to the report, the Indonesia welding consumables market was valued at US$150.3 mn in 2014 and is anticipated to reach US$293 mn in 2023, expanding at a CAGR of 7.7% between 2015 and 2023. In terms of volume, the welding consumables market in Indonesia stood at 64.5 kilo tons in 2014.
Key end-use industries driving the welding consumables market in Indonesia include automobile, building & construction, power, and oil & gas. Furthermore, capacity addition and infrastructural development in power and oil & gas sectors are estimated to boost the demand for welding consumables in the country. Factors such as availability of raw materials and increasing competition from other countries in Asia, especially China, Japan, South Korea, and Malaysia, may hamper market growth. However, rise in investments resulting from the emerging scope of public-private partnership projects in Indonesia is likely to enhance the production and consumption of welding consumables in different end-user industries in Indonesia.
In terms of demand, stick electrodes accounted for more than 50% share of the welding consumables market in Indonesia in 2014. Flux-cored wires is anticipated to be one of the fastest growing product segments during the forecast period. Market shares of flux-cored wires and SAW wires and fluxes are estimated to increase during the forecast period due to rising implementation of emerging welding technologies in various end-user industries.
Request a PDF Brochure with Research Report Analysis @ https://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=6739
The report includes profiles of leading companies such as Lincoln Electrical Holdings Inc., The Linde Group, Inc., PT. Ispat Indo, PT. Gapura Raya, PT. Alfa Metalindo Indonesia, P.T. Intan Pertiwi Industri, PT. Cahaya Las Mandiri, PT. Yontomo Sukses Abadi, Nikko Steel, and Voestalpine AG.