The welding fire blankets market is expected to grow by $ 13.24 mn, accelerating at a CAGR of almost 4% during the forecast period. Technavio’s research report traces the growth trajectory of the market and provides a detailed analysis of the prevalent market forces, trends, and drivers which are likely to impact the market in focus.
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Welding Fire Blankets Market: Market Segments and Growth Forecasts
This research report will provide insights into the current market share of each segment along with growth projections for the next five years.
Welding Fire Blankets Market: Top Trends, Drivers, Challenges to drive Market Recovery
The report also offers a detailed impact analysis of various trends, drivers, and challenges that are likely to influence the market growth during the forecast period. These insights will equip clients to design a growth strategy for their business and area of operations.
Welding Fire Blankets Market: Vendor Analysis
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Technavio research projects the welding fire blankets market to grow by $ 13.24 mn, accelerating at a CAGR of over 4% till 2025. The growth trajectory of the market is traced through a detailed analysis of the prevalent market forces, trends, and drivers along with competitive benchmarking
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Welding Fire Blankets Market: Key Market Driver
One of the primary factors that will trigger the growth of the welding fire blankets market size is Rise in incidents of accidents and health hazards. The construction industry deploys a large number of welders, as welding is one of the essential parts of the industry. Construction ventures in developing countries are likely to grow at a much faster rate than those in advanced economies in the coming years. However, the COVID-19 pandemic resulted in a considerable decrease in demand for commercial and residential sites, which led to a decline in investments in new construction activities in 2020. The report offers an up-to-date analysis regarding the current global market scenario, the latest trends and drivers, and the overall market environment.
This research report provides a comprehensive analysis of all the factors that are likely to propel market growth, taking into account the market trends as well as challenges that are likely to impede growth. The objective of this research report is to equip clients with actionable insights that will help them leverage opportunities and formulate growth strategies for their business.
Welding Fire Blankets Market: Vendor Analysis
The market is fragmented due to the presence of several players. The growth of the players depends on several factors such as market conditions, government support, and industry development. To survive and succeed in such an intensely competitive market, players must distinguish their product and service offerings through clear and unique value propositions. 3M Co., Auburn Manufacturing Inc., Colfax Corp., Cromwell Group (Holdings) Ltd., KEMPER GmbH, Kimberly-Clark Corp., Shree Firepack Safety Pvt. Ltd., Specialised Welding Products Ltd., STEEL GUARD SAFETY Corp., and Steiner Industries are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their position in the slow-growing segments.
Technavio also offers custom research reports with detailed insights assessing the market from a global as well as regional perspective. This customized report will help clients keep up with new product launches in direct & indirect or related markets. It will also provide insights on upcoming developments along with a pipeline analysis of vendor operations and the impact of government regulations.
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This welding fire blankets market research report provides valuable insights on 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 (construction, energy and utilities, marine, and automotive) and geography (APAC, Europe, North America, MEA, and South America). The report also offers information on several market vendors, including 3M Co., Auburn Manufacturing Inc., and Colfax Corp., among others.
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Welding Fire Blankets Market: Adoption of fiberglass welding fire blankets
37% of the market growth will originate from APAC during the forecast period. China and Japan are the key markets for welding fire blankets in APAC. However, market growth in this region will be slower than the growth of the market in MEA and APAC. The growing automotive and construction industries will facilitate the welding fire blankets market growth in APAC over the forecast period.
The adoption of fiberglass welding fire blankets is one of the latest welding fire blankets market trends that will gain traction in the coming years. Manufacturers are offering fiberglass welding fire blankets as they can easily be molded into any shape and are strong enough to withstand the harshest abrasives. Fiberglass material lasts for a longer time and requires minimal maintenance. Fiberglass welding fire blankets also possess additional features such as anti-magnetic and fire resistance and offer good electrical insulation.
Welding Fire Blankets Market: Vendor Analysis
The market is fragmented. The growth of the players depends on several factors such as market conditions, government support, and industry development. To survive and succeed in such an intensely competitive market, players must distinguish their product and service offerings through clear and unique value propositions. 3M Co., Auburn Manufacturing Inc., Colfax Corp., Cromwell Group (Holdings) Ltd., KEMPER GmbH, Kimberly-Clark Corp., Shree Firepack Safety Pvt. Ltd., Specialised Welding Products Ltd., STEEL GUARD SAFETY Corp., and Steiner Industriesare some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their position in the slow-growing segments.
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Welding Fire Blankets Market: Key Highlights of the Report for 2021-2025
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