GCC Welding Consumables Market Share, Size, Growth, Opportunity and Forecast 2022-2027

GCC Welding Consumables Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027

Report Format: PDF+Excel | Report ID: SR112023A3033

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Market Overview:

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.

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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.

Key Market Segmentation:

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:

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Stick Electrodes
Solid Wires
Flux Cored Wires
SAW Wires and Fluxes
Others

Breakup by Welding Technique:

Arc Welding
Resistance Welding
Oxyfuel Welding
Ultrasonic Welding
Others

Breakup by End Use Industries:

Construction
Automobile
Energy
Shipbuilding
Aerospace
Industrial Equipment
Others

Breakup by Country:

Saudi Arabia
UAE
Qatar
Oman
Kuwait
Bahrain

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players.

Report Coverage:

Report Features	Details
Base Year of the Analysis	2021
Historical Period	2016-2021
Forecast Period	2022-2027
Units	US$ Million
Segment Coverage	Product, Welding Technique, End use Industries, Country
Countries Covered	Saudi Arabia, UAE,Qatar, Oman, Kuwait, Bahrain
Customization Scope	10% Free Customization
Report Price and Purchase Option	Single User License: US$ 2699 Five User License: US$ 3699 Corporate License: US$ 4699
Post-Sale Analyst Support	10-12 Weeks
Delivery Format	PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

Key Questions Answered in This Report

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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