Welding Consumables Market, By Type (SAW wires, Stick electrodes, Flux-cored wires, Fluxes, Solid wires, Inert gas welding, and Others), By Application (Fabrication of Sheet Metal, Mechanical Industries, Shipbuilding, Construction, Automotive, Aerospace, Railroads, and Others), and By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Trends, Analysis and Forecast till 2034

Welding is the fabrication process.  Welding is used on thermoplastics, wood and metals. Welding is the process in which two or more parts are fused or combined together by heat to form the join after cooling. Arc welding are widely used. Flux-cored arc, plasma arc, submerged arc, and shielded metal arc are the different types of arc welding. Arc welding are used in construction, automotive, shipbuilding, etc. Flux cored arc welding are suitable for thicker joints, excellent in weld penetration, has highest metal deposition rate and flexible in torch movement & orientation. Metal Inert Gas welding are used in sheet metal welding, automotive industry, fabrication of pressure vessels, etc. Tungsten inert gas welding are used in aerospace & aircraft construction. Tungsten inert gas welding are done manually or automatically. Tungsten inert gas welding creates strong welds. Gas welding are used in joining thin metals, ferrous & non-ferrous metals, fabrication of sheet metal, aircraft industries. Wide variety of applications is subsequently providing the growth prospects for Welding Consumables Market.

Rise in automotive industries, disposable income and rate of urbanization

Rise in automotive industries, disposable income of an individual is one of the leading factors for the Welding Consumables Market growth. Disposable income allows the consumer to enhance their lifestyle and spend more on luxurious vehicles, household appliances, coupled with scope of investment. Moreover, increasing urban population is one of the driving factors for the Welding Consumables Market. Urban culture affects the person’s living lifestyle. Urbanization has given rise in transportation which has caused growth in automotive industries. Plasma arc welding, resistance metal inert gas welding, and tungsten inert gas welding are common methods which are widely used in automotive industries. However, rise in urbanization, disposable income has given rise in automotive industries which has enhanced the growth of Welding Consumables Market. According to data published by United Nations in 2018, about 55% of the world’s population resided in urban areas, and it is projected that this percentage will increase over the forecast period. However, the growth in automotive industries and population in urban areas boosts the demand for Welding Consumables.

                                                           Technological advancement

Manufactures involved in Welding Consumables market are developing advanced versions of their products due to new age technological advancements. New welding technology trends like robotic welding, laser welding, advanced arc welding has fueled the growth of the market. New welding technology has improved the welding parameters due to use of robots, squeeze time, better understanding of metal strength & composition. Due to advancement in welding technology demand for welding has been increasing in various industries.  For instance, in 2021, the Castolin Eutectic has launched the modern upgraded welding equipment CastoTIG 1611 advance, XuperMIG 3000 PULSE, XuperMIG EnDOtec.

Restrains:

However, increase in project cost due to more waste produced during arc welding may somewhat restrain the growth of the target market.

Welding Consumables Market is segmented based on type, application, and region.

On the basis of type, the Welding Consumables Market is segmented into SAW wires, Stick electrodes, Flux-cored wires, Fluxes, Solid wires, Inert gas welding, and others. On the basis of application, the target market is classified into Fabrication of Sheet Metal, Mechanical Industries, Shipbuilding, Construction, Automotive, Aerospace, Railroads, and Others.

Regional Insights:

On region the Welding Consumables Market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The Asia-pacific market is estimated to witness a significantly high revenue share over the forecast period, owing to growing population, especially in countries such as India and China, and technological advancements. Moreover, rising presence of industrial corridor and rise in construction sector is anticipated to increase demand for Welding Consumables in the region.

Report Scope:

Segments Covered in the Report:

This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2024 to 2034. For the purpose of this study, has segmented the Welding Consumables Market report based on type, application, and region:

Welding Consumables Market, By Type:

• SAW wires
• Stick electrodes
• Flux-cored wires
• Fluxes
• Solid wires
• Inert gas welding
• Others

Welding Consumables Market, By Application:

• Fabrication of Sheet Metal
• Mechanical Industries
• Shipbuilding
• Construction
• Automotive
• Aerospace
• Railroads
• Others

Welding Consumables Market, By Region:

• North America
  • Middle East & Africa
    • • GCC
      • Israel
      • South Africa
      • Rest of Middle East & Africa
  • Latin America
    • • Brazil
      • Mexico
      • Rest of Latin America
  • Asia Pacific
    • • China
      • India
      • Japan
      • South Korea
      • Rest of Asia Pacific
  • Europe
    • • Germany
      • UK
      • France
      • Russia
      • Italy
      • Rest of Europe
  • • U.S.
    • Canada

The key players operating the Welding Consumables Market includes, D&H Secheron, ESAB, Voestalphine A G., Ador Welding Limited, The Lincoln Electric Company, Honavar Electrodes, Yawata Electrode Co. Ltd., Chosun Welding, Kiswel Ltd., The VBC Group Ltd., Air Products and Chemicals Inc., Taiyo Nippon Sanso Corporation, WB Alloy Welding Products Limited, Selectrode Industries, Magmaweld, Messer Group GmbH, Gedik Welding, and others. Prominent players operating in the target market are focusing on the strategic partnerships as well as launching of the products in order to gain competitive edge in the target market. For instance, in 2021, D&H Secheron has accomplished in the world of welding and has created the huge impact in the industries as it is the leading welding material manufacturer in India. D&H Secheron has played an important role in supplying the welding equipment for the national level and interrnational level projects.

• D&H Secheron*
  • Company Overview
  • Product Portfolio
  • Key Highlights
  • Financial Performance
  • Business Strategies

• ESAB
• Voestalphine A G.
• Ador Welding Limited
• The Lincoln Electric Company
• Honavar Electrodes
• Yawata Electrode Co. Ltd.
• Chosun Welding
• Kiswel Ltd.
• The VBC Group Ltd.
• Air Products and Chemicals Inc.
• Taiyo Nippon Sanso Corporation
• WB Alloy Welding Products Limited
• Selectrode Industries
• Magmaweld
• Messer Group GmbH
• Gedik Welding

 “*” marked represents similar segmentation in other categories in the respective section