Welding Consumables Market Overview
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.
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Attributes |
Details |
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Welding Consumables Market Value (2022) |
US$ 17.3 Bn |
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Welding Consumables Market Projected Value (2032) |
US$ 28.37 Bn |
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Welding Consumables Market CAGR (2022 – 2032) |
5.5% |
Welding Consumables Market Dynamics
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 Global 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 Segmentation
Source: Prophecy Market Insights
Disclaimer: This data is only a representation. Actual data may vary and will be available in the report.
Global Welding Consumables Market is segmented based on type, application, and region.
On the basis of type, the Global 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:
Disclaimer: This data is only a representation. Actual data may vary and will be available in the report.
On region the Global 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:
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Attribute |
Details |
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Base year for estimation |
2020 |
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Forecast period |
2020 – 2032 |
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Market representation |
Revenue in USD Billion & CAGR from 2020 to 2032 |
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Market Segmentation |
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
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Regional scope |
North America - U.S., Canada Europe - UK, Germany, Spain, France, Italy, Russia, Rest of Europe Asia Pacific - Japan, India, China, South Korea, Australia, Rest of Asia-Pacific Latin America - Brazil, Mexico, Argentina, Rest of Latin America Middle East & Africa - South Africa, Saudi Arabia, UAE, Rest of Middle East & Africa |
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Report coverage |
Revenue forecast, company share, competitive landscape, growth factors, and trends |
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 2020 to 2032. For the purpose of this study, has segmented the Global Welding Consumables Market report based on type, application, and region:
Global Welding Consumables Market, By Type:
- SAW wires
- Stick electrodes
- Flux-cored wires
- Fluxes
- Solid wires
- Inert gas welding
- Others
Global Welding Consumables Market, By Application:
- Fabrication of Sheet Metal
- Mechanical Industries
- Shipbuilding
- Construction
- Automotive
- Aerospace
- Railroads
- Others
Global Welding Consumables Market, By Region:
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-
- North America
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- U.S.
- Canada
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- Europe
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- Germany
- UK
- France
- Russia
- Italy
- Rest of Europe
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- Asia Pacific
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- China
- India
- Japan
- South Korea
- Rest of Asia Pacific
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- Latin America
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- Brazil
- Mexico
- Rest of Latin America
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- Middle East & Africa
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- GCC
- Israel
- South Africa
- Rest of Middle East & Africa
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- North America
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Welding Consumables Market Key Players
The key players operating the Global 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.
Welding Consumables Market Company Profile
- 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
Welding Consumables Market Table of Contents
- Research Objective and Assumption
- Preface
- Research Objectives
- Study Scope
- Years Considered for the study
- Assumptions
- Abbreviations
- Research Methodology
- Research data
- Primary Data
- Primary Interviews
- Primary Breakdown
- Key data from Primary Sources
- Key Thickness Insights
- Secondary Data
- Major Secondary Sources
- Secondary Sources
- Market Estimation
- Top-Down Approach
- Approach for estimating Market Share by Top-Down Analysis (Supply Side)
- Bottom-Up Approach
- Approach for estimating market share by Bottom-up Analysis (Demand Side)
- Market Breakdown and Data Triangulation
- Research Assumptions
- Market Purview
- Executive Summary
- Key Findings—Global Outlook for medical carts Strategies
- Key Questions this Study will Answer
- Market Snippet, By Type
- Market Snippet, By Application
- Market Snippet, By Region
- Opportunity Map Analysis
- Executive Summary—3 Big Predictions
- Market Dynamics, Regulations, and Trends Analysis
- Market Dynamics
- Drivers
- Restrains
- Market Opportunities
- Market Trends
- DR Impact Analysis
- PEST Analysis
- Porter’s Five Forces Analysis
- Opportunity Orbit
- Market Investment Feasibility Index
- Macroeconomic Factor Analysis
- Market Dynamics
- Global Welding Consumables Market, By Type
- Overview
- Market Value and Forecast (US$ Bn), and Share Analysis (%), 2022 – 2032
- Y-o-Y Growth Analysis (%), 2022 – 2032
- Segment Trends
- SAW wires
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2022 – 2032
- Stick electrodes
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2022 – 2032
- Flux-cored wires
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2022 – 2032
- Fluxes
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2022 – 2032
- Solid wires
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2022 – 2032
- Overview
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- Inert gas welding
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2022 – 2032
- Inert gas welding
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- Others
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2022 – 2032
- Others
- Global Welding Consumables Market, By Application, 2022 – 2032, (US$ Bn)
- Overview
- Market Value and Forecast (US$ Bn), and Share Analysis (%), 2022 – 2032
- Y-o-Y Growth Analysis (%), 2022 – 2032
- Segment Trends
- Fabrication of Sheet Metal
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2022 – 2032
- Mechanical Industries
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2022 – 2032
- Shipbuilding
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2022 – 2032
- Construction
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2022 – 2032
- Automotive
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2022 – 2032
- Aerospace
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2022 – 2032
- Railroads
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2022 – 2032
- Others
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2022 – 2032
- Overview
- Global Welding Consumables Market, By Region, 2022 – 2032, (US$ Bn)
- Overview
- Market Value and Forecast (US$ Bn), and Share Analysis (%), 2022 – 2032
- Y-o-Y Growth Analysis (%), 2022 – 2032
- Regional Trends
- North America
- Market Size and Forecast (US$ Bn), By Type, 2022 – 2032
- Market Size and Forecast (US$ Bn), By Application, 2022 – 2032
- Market Size and Forecast (US$ Bn), By Country, 2022 – 2032
- U.S.
- Canada
- Europe
- Market Size and Forecast (US$ Bn), By Type, 2022 – 2032
- Market Size and Forecast (US$ Bn), By Application, 2022 – 2032
- Market Size and Forecast (US$ Bn), By Country, 2022 – 2032
- UK
- France
- Germany
- Russia
- Italy
- Rest of Europe
- Asia Pacific
- Market Size and Forecast (US$ Bn), By Type, 2022 – 2032
- Market Size and Forecast (US$ Bn), By Application, 2022 – 2032
- Market Size and Forecast (US$ Bn), By Country, 2022 – 2032
- India
- Japan
- South Korea
- China
- Rest of Asia Pacific
- Latin America
- Market Size and Forecast (US$ Bn), By Type, 2022 – 2032
- Market Size and Forecast (US$ Bn), By Application, 2022 – 2032
- Market Size and Forecast (US$ Bn), By Country, 2022 – 2032
- Brazil
- Mexico
- Rest of Latin America
- Middle East & Africa
- Market Size and Forecast (US$ Bn), By Type, 2022 – 2032
- Market Size and Forecast (US$ Bn), By Application, 2022 – 2032
- Market Size and Forecast (US$ Bn), By Country, 2022 – 2032
- GCC
- Israel
- South Africa
- Rest of Middle East
- Overview
- Competitive Landscape
- Heat Map Analysis
- Market Presence and Specificity Analysis
- Company Profiles
- D&H Secheron
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- ESAB
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Voestalphine A G.
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Ador Welding Limited
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- The Lincoln Electric Company
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Honavar Electrodes
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Yawata Electrode Co. Ltd.
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Chosun Welding
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Kiswel Ltd.
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- The VBC Group Ltd.
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Air Products and Chemicals Inc.
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Taiyo Nippon Sanso Corporation
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- WB Alloy Welding Products Limited
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Selectrode Industries
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Magmaweld
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Messer Group GmbH
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Gedik Welding
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- The Last Word
- Future Impact
- About Us
- Contact
FAQs
The Welding Consumables Market is segmented based on Type, Application, and Region.
Welding Consumables Market is driven by factors such as growing automotive industries, rise in disposable income, rate of urbanization and technological advancement.
By region, 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.
The Key players operating in 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.