Report ID: SQMIG15J2081
Report ID:
SQMIG15J2081 |
Region:
Global |
Published Date: December, 2024
Pages:
157
|
Tables:
120 |
Figures:
72
Aluminum Welding Wires Market size was valued at USD 371.1 Million in 2023 and is poised to grow from USD 395.63 Million in 2024 to USD 660.19 Million by 2032, growing at a CAGR of 6.61% during the forecast period (2025-2032).
The automobile sector is an important contributor to the global aluminium welding wires market. Innovative technologies in this product are also expected to boom the global market. Because of the metal's favourable characteristics, such as high strength, low weight, adaptability in extrusion and casting, aluminium welding wire has grown in popularity. Other factors which enhance the industry includes recyclability and corrosion resistance. Government regulations concerning emission levels have become increasingly stringent in recent years. The implementation of these stringent government regulations governing emission levels also has a positive impact on market growth. The relationship between government regulations and market growth is because the use of aluminium welding wires in vehicles provides the necessary strength while attempting to maintain fuel efficiency. The contribution of aluminium welding wires on fuel efficiency boosts the market even further during the forecasting years.
US Aluminum Welding Wires Market is poised to grow at a sustainable CAGR for the next forecast year.
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Report ID: SQMIG15J2081