Global Welding Consumables Market to Reach US$ 25.9 Billion by 2032, Propelled by Rising Product Demand Across Construction and Automobile Industries

March 21, 2023 | Chemical & Materials

According to the latest report by IMARC Group, titled “Welding Consumables Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2024-2032,” the global welding consumables market size reached US$ 16.9 Billion in 2023. Welding consumables refer to a range of flux and filler metals that are used for welding. In this process, filler metals are melted to form a firm joint between two metals. The flux, on the other hand, prevents the oxidation of hot metals. Welding consumables ensure cost-effective welding, help avoid the formation of porosity in the weld pool, and protect the molten weld from contaminants in the air. They are generally made of raw materials such as copper, nickel, ilmenite, rutile, and aluminum. As a result, they are extensively used across a wide range of applications in the automobile, construction, shipbuilding, energy, and aerospace industries.

Global Welding Consumables Market Trends:

The global welding consumables market is primarily driven by the widespread product utilization in different welding processes, such as arc, laser beam, friction, resistance, and ultrasonic welding, across the construction industry. Moreover, the large-scale use of welding to manufacture high-quality, lightweight vehicle parts and repair and maintain automobiles is acting as another growth-inducing factor. This is further supported by continuous improvements in designs and advancements in the safety features of vehicles. Furthermore, rapid industrialization and urbanization and increasing foreign direct investments (FDIs) are favoring the market growth. In addition to this, ongoing innovations in welding technology in terms of automation at different stages in the welding process, combined with the development of robots and automation software, are presenting remunerative opportunities for the market. In line with this, the advent of different welding technologies, such as resistance spot and plasma welding, and the increasing implementation of robotic welding solutions are positively impacting the market growth. Apart from this, the expanding use of welding in various end-use industries, such as marine, power generation, and oil & gas, is propelling the market demand. Looking forward, the market value is projected to reach US$ 25.9 Billion by 2032, expanding at a CAGR of 4.68% during 2024-2032.

Market Summary:

On the basis of the product type, the market is segregated into stick electrodes, solid wires, flux cored wires, saw wires and fluxes, and others. Currently, stick electrodes hold the largest market share.
Based on welding technique, the market is categorized into arc, oxy-fuel, resistance, ultrasonic, and other welding. At present, arc welding represents the most popular segment.
On the basis of end-use industries, the market has been divided into construction, automobile, energy, shipbuilding, aerospace, industrial equipment, and others. Amongst these, the construction sector is the biggest end-use industry.
On a regional basis, the market has been segmented into Asia Pacific, North America, Middle East and Africa, Europe, and Latin America. Presently, North America enjoys the leading position in the market.
The competitive landscape of the market has also been examined, with some of the key players being Voestalpine AG, Colfax Corporation, The Lincoln Electric Company, Air Liquide, Hyundai Welding Co., Ltd., Obara Corporation, Panasonic Corporation, Illinois Tool Works Inc., Denyo Co., Ltd., Fronius International GmbH, Tianjin Bridge Welding Materials Co., Ltd., Kemppi Oy, Arcon Welding Equipment, etc.

Report Scope:

Report Features	Details
Base Year of the Analysis	2023
Historical Period	2018-2023
Forecast Period	2024-2032
Units	US$ Billion
Segment Coverage	Product Type, Welding Technique, End-Use Industries, Region
Region Covered	Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Companies Covered	Voestalpine AG, Colfax Corporation, The Lincoln Electric Company, Air Liquide, Hyundai Welding Co., Ltd., Obara Corporation, Panasonic Corporation, Illinois Tool Works Inc., Denyo Co., Ltd., Fronius International GmbH, Tianjin Bridge Welding Materials Co., Ltd., Kemppi Oy and Arcon Welding Equipment
Customization Scope	10% Free Customization
Report Price and Purchase Option	Single User License: US$ 3899 Five User License: US$ 4899 Corporate License: US$ 5899
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)

About Us:

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

Contact Us:

IMARC Group
30 N A
Email: Sales@imarcgroup.com
Tel No:(D) +91 120 433 0800
Americas:- +1 631 791 1145 | Africa and Europe :- +44-753-713-2163 | Asia: +91-120-433-0800

Need more help?

Speak to our experienced analysts for insights on the current market scenarios.
Include additional segments and countries to customize the report as per your requirement.
Gain an unparalleled competitive advantage in your domain by understanding how to utilize the report and positively impacting your operations and revenue.
For further assistance, please connect with our analysts.

Global Welding Consumables Market to Reach US$ 25.9 Billion by 2032, Propelled by Rising Product Demand Across Construction and Automobile Industries

Purchase options

Single User License ~~$3899~~ $2999
Five User License ~~$4899~~ $3999
Corporate User License ~~$5899~~ $4999

Inquire Before Buying

Benefits of Customization

Personalize this research

Triangulate with your data

Get data as per your format and definition

Gain a deeper dive into a specific application, geography, customer, or competitor

Any level of personalization

Speak to an Analyst

Request Brochure

Get in Touch With Us

UNITED STATES

Phone: +1-631-791-1145

INDIA

Phone: +91-120-433-0800

UNITED KINGDOM

Phone: +44-753-713-2163

Email: sales@imarcgroup.com

Client Testimonials

IMARC made the whole process easy. Everyone I spoke with via email was polite, easy to deal with, kept their promises regarding delivery timelines and were solutions focused. From my first contact, I was grateful for the professionalism shown by the whole IMARC team. I recommend IMARC to all that need timely, affordable information and advice. My experience with IMARC was excellent and I can not fault it.

The IMARC team was very reactive and flexible with regard to our requests. A very good overall experience. We are happy with the work that IMARC has provided, very complete and detailed. It has contributed to our business needs and provided the market visibility that we required

We were very happy with the collaboration between IMARC and Colruyt. Not only were your prices competitive, IMARC was also pretty fast in understanding the scope and our needs for this project. Even though it was not an easy task, performing a market research during the COVID-19 pandemic, you were able to get us the necessary information we needed. The IMARC team was very easy to work with and they showed us that it would go the extra mile if we needed anything extra

Last project executed by your team was as per our expectations. We also would like to associate for more assignments this year. Kudos to your team.

We would be happy to reach out to IMARC again, if we need Market Research/Consulting/Consumer Research or any associated service. Overall experience was good, and the data points were quite helpful.

Arabian Plastic Manufacturing Company Ltd.

The figures of market study were very close to our assumed figures. The presentation of the study was neat and easy to analyse. The requested details of the study were fulfilled. My overall experience with the IMARC Team was satisfactory.

The overall cost of the services were within our expectations. I was happy to have good communications in a timely manner. It was a great and quick way to have the information I needed.

My questions and concerns were answered in a satisfied way. The costs of the services were within our expectations. My overall experience with the IMARC Team was very good.

I agree the report was timely delivered, meeting the key objectives of the engagement. We had some discussion on the contents, adjustments were made fast and accurate. The response time was minimum in each case. Very good. You have a satisfied customer.

We would be happy to reach out to IMARC for more market reports in the future. The response from the account sales manager was very good. I appreciate the timely follow ups and post purchase support from the team. My overall experience with IMARC was good.

IMARC was a good solution for the data points that we really needed and couldn't find elsewhere. The team was easy to work, quick to respond, and flexible to our customization requests.