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The India welding consumables market is expected to exhibit a CAGR of 6.4% 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 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.
IMARC Group provides an analysis of the key trends in each sub-segment of the India welding consumables market, along with forecasts at the country and regional 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 Region:
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, Region|
|Region Covered||North India, West and Central India, South India, East India|
|Customization Scope||10% Free Customization|
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The India welding consumables market was valued at US$ 1,022.10 Million in 2021.
We expect the India welding consumables market to exhibit a CAGR of 6.40% 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 India welding consumables market.
The sudden outbreak of the COVID-19 pandemic had led to the implementation of stringent lockdown
regulations across the nation resulting in the temporary closure of numerous end-use industries,
thereby limiting the demand for welding consumables.
Based on the product, the India 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 India welding consumables market has been divided into arc
welding, resistance welding, oxyfuel welding, ultrasonic welding, and others. Among these, arc welding
currently exhibits a clear dominance in the market.
Based on the end use industries, the India 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 North India, West and Central India, South India,
and East India, where West and Central India currently dominates the market.
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