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The GCC welding consumables market is expected to exhibit a CAGR of 7% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use industries. These insights are included in the report as a major market contributor.
Welding consumables refer to various alloys, metals and minerals used for joining and combining various metals and thermoplastics for industrial use. Some of the commonly used welding consumables include stick electrodes, solid wires, flux-cored wires, fluxes, filler metals and submerged arc welding (SAW) wires. They are produced using copper, rutile, ilmenite, aluminum and low alloy and nickel steel. The flux acts as a deoxidizer to prevent the oxidation of hot metals and the filler metals aid in fixing the joints after melting. These consumables also protect the molten weld from atmospheric contaminants and are extensively used across the automotive, construction and manufacturing industries.
Significant growth in the manufacturing industry, along with an increase in the construction of commercial and residential complexes, is one of the key factors creating a positive outlook for the market in the GCC region. Furthermore, various technological advancements, such as the development of automated and laser-based welding technologies, are providing a thrust to the market growth. These innovative welding technologies are widely used for the manufacturing of automobiles with enhanced safety and fuel efficiency. Moreover, increasing investments in the oil and gas industry is also contributing to the market growth. The SAW wired fluxes are used with weld pools to manufacture high-quality offshore drilling platforms. Other factors, including extensive infrastructural developments and rapid industrialization, are anticipated to drive the market further across the region.
IMARC Group provides an analysis of the key trends in each sub-segment of the GCC welding consumables market, along with forecasts at the region level from 2022-2027. Our report has categorized the market based on product, welding technique and end use industries.
Breakup by Product:
Breakup by Welding Technique:
Breakup by End Use Industries:
Breakup by Country:
The competitive landscape of the industry has also been examined along with the profiles of the key players.
|Base Year of the Analysis||2021|
|Segment Coverage||Product, Welding Technique, End use Industries, Country|
|Countries Covered||Saudi Arabia, UAE,Qatar, Oman, Kuwait, Bahrain|
|Customization Scope||10% Free Customization|
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We expect the GCC welding consumables market to exhibit a CAGR of 7% during 2022-2027.
The advent of automated and laser-based welding technologies, used for manufacturing of automobiles
with enhanced safety and fuel efficiency, is primarily catalyzing the GCC welding consumables market.
The sudden outbreak of the COVID-19 pandemic had led to the implementation of stringent lockdown
regulations across several GCC nations resulting in the temporary closure of numerous end-use
industries, thereby limiting the overall demand for welding consumables.
Based on the product, the GCC welding consumables market can be segmented into stick electrodes,
solid wires, flux cored wires, SAW wires and fluxes, and others. Currently, stick electrodes hold the
majority of the total market share.
Based on the welding technique, the GCC welding consumables market has been divided into Arc
welding, resistance welding, oxyfuel welding, ultrasonic welding, and others. Among these, Arc welding
technique currently exhibits a clear dominance in the market.
Based on the end use industries, the GCC welding consumables market can be categorized into
construction, automobile, energy, shipbuilding, aerospace, industrial equipment, and others. Currently,
the construction industry accounts for the largest market share.
On a regional level, the market has been classified into Saudi Arabia, UAE, Qatar, Oman, Kuwait, and
Bahrain, where Saudi Arabia currently dominates the GCC welding consumables market.
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