India Welding Consumables Market Share, Size, Growth, Opportunity and Forecast 2021-2026

*As the coronavirus disease (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the purchase behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.

India Welding Consumables Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026

Market Overview:

The India welding consumables market is currently witnessing moderate growth. Welding consumables refer to various flux and filler metals used in the process of welding. The flux acts as a deoxidizer that prevents the oxidation of metals, whereas the filler metals assist in fixing the joints in the object. Some of the commonly used welding consumables include stick electrodes, solid wires, flux-cored wires, fluxes and submerged arc welding (SAW) wires. The raw materials used in the production of these consumables include nickel and low alloy steel, copper, rutile, ilmenite and aluminum. They find extensive applications across the automotive, construction, and manufacturing industries.

Rapid industrialization and urbanization, leading to an increasing demand for improved infrastructural facilities across India, are the key factors driving the growth of the market. Furthermore, significant growth in the manufacturing industries is creating a positive outlook for the market. In line with this, the increasing demand for welding consumables in the energy sector is also contributing to the market growth. Welding consumables are used in power plants for conducting plant maintenance activities and the manufacturing of on-site storage tanks for storing liquefied gasses. Other factors, including extensive growth in the automotive industry, coupled with various technological advancements, such as the utilization of dissimilar metal welding through fiber lasers in the production of electric cars, are anticipated to drive the market further in the country. Looking forward, IMARC Group expects the market to witness moderate growth during 2021-2026.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the India welding consumables market report, along with forecasts for growth at the region level from 2021-2026. Our report has categorized the market based on region, product, welding technique and end use industries.

Breakup by Product:

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 Region:

North India
West and Central India
South India
East India

Competitive Landscape:

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

Key Questions Answered in This Report:

How has the India welding consumables market performed so far and how will it perform in the coming years?
What has been the impact of COVID-19 on the India welding consumables market?
What are the key regional markets?
What is the breakup of the market based on the product?
What is the breakup of the market based on the welding technique?
What is the breakup of the market based on the end use industries?
What are the various stages in the value chain of the industry?
What are the key driving factors and challenges in the industry?
What is the structure of the India welding consumables market and who are the key players?
What is the degree of competition in the industry?