Frequently Asked Questions
In 2022, the global Exothermic Welding market was worth USD 100.8 million.
The Exothermic Welding market is anticipated to develop at a CAGR of 4.66% between 2023 and 2030, reaching USD 138.65 Million in 2030.
Exothermic Weld Powder is the leading segment by product type.
The railroad segment is expected to have the greatest CAGR during the forecast period.
The global Exothermic Welding market research report is divided into the following categories: By Product Type, By Applications
North America is driving the Exothermic Welding market growth.
The top players include nVent, Hubbell, Harger, and EXOWELD. Other major players include Tectoweld, Aplicaciones TecnolÃ³gicas S.A., ALLTEC, and ESTWELD.
The key factors driving the market growth are increased infrastructure development and increased safety regulations.
The challenges limiting the market growth are high initial investment and limited awareness and adoption.
The market’s primary opportunities include upgrading aging infrastructure and R&D and innovation.