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GCC Welding Consumables Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028
Report Format: PDF+Excel | Report ID: SR112023A3033
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Market Overview:
The GCC welding consumables market size reached US$ 799.9 Million in 2022. Looking forward, IMARC Group expects the market to reach US$ 1,154.1 Million by 2028, exhibiting a growth rate (CAGR) of 6.5% during 2023-2028.
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.
Note: Information in the above chart consists of dummy data and is only shown here for representation purpose. Kindly contact us for the actual market size and trends.
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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 report, along with forecasts at the regional and country level from 2023-2028. Our report has categorized the market based on product, welding technique and end use industries.
Breakup by Product:
Note: Information in the above chart consists of dummy data and is only shown here for representation purpose. Kindly contact us for the actual market size and trends.
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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 | 2022 |
| Historical Period | 2017-2022 |
| Forecast Period | 2023-2028 |
| 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) |
We expect the GCC welding consumables market to exhibit a CAGR of 6.5% during 2023-2028.
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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