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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.
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:
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.
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