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Welding Consumables Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027

Market Overview:

The global welding consumables market reached a value of US$ 15.3 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 21.3 Billion by 2027, exhibiting a CAGR of 5.58% 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 flux and filler metals that are used in the process of welding. Filler metals are melted to create a strong joint between two metals, whereas flux prevents the oxidation of hot metals during this process. Some of the raw materials utilized in the production of welding consumables include nickel, copper, rutile, ilmenite and aluminum. These consumables ensure cost-effective welding, assist in safeguarding the molten weld from contaminants present in the air and prevent the formation of porosity in the weld pool. As a result, they are extensively employed in the construction, automobile, energy, ship building and aerospace industries.

 

 
 

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Market Drivers:

In the automobile industry, welding consumables are used in the production of lightweight and high-quality vehicle parts. Improvements in the safety features of vehicles, along with evolving automobile designs, have escalated the sales of automobiles, thereby bolstering the growth of the welding consumables market. Moreover, the introduction of several development and housing projects has provided thrust to the construction industry in emerging economies such as China, India and South Africa. Some of the other factors that are stimulating the growth of the market are industrialization, urbanization, rising foreign direct investments (FDI) and technological advancements.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global welding consumables market, along with forecasts at the global and regional level from 2022-2027. Our report has categorized the market based on product type, welding technique and end-use industries.

Breakup by Product Type:

 

 
 

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  • Stick Electrodes
  • Solid Wires
  • Flux Cored Wires
  • Saw Wires and Fluxes
  • Others


At present, stick electrodes represent the most popular product type, holding the largest market share. These electrodes are primarily designed for mild and low alloy steel welding.

Breakup by Welding Technique:

  • Arc Welding
  • Oxy-Fuel Welding
  • Resistance Welding
  • Ultrasonic Welding
  • Others


Amongst these, arc welding accounts for the majority of the market share, representing the most popular type of welding technique.

Breakup by End-Use Industries:

  • Construction
  • Automobile
  • Energy
  • Shipbuilding
  • Aerospace
  • Industrial Equipment
  • Others


The construction sector currently represents the biggest end-use industry

Regional Insights:

 

 
 

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  • Asia Pacific
  • North America
  • Middle East and Africa
  • Europe
  • Latin America


On a geographical front, North America enjoys the leading position in the market on account of demand from the automotive and construction industries.

Competitive Landscape:

The competitive landscape of the global welding consumables market has also been analyzed in the report. Some of the leading players operating in the market are 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 Coverage:

Report Features Details
Base Year of the Analysis 2021
Historical Period 2016-2021
Forecast Period 2022-2027
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$ 2499
Five User License: US$ 3499
Corporate License: US$ 4499
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)

 

Key Questions Answered in This Report:

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

1   Preface
2   Scope and Methodology

    2.1    Objectives of the Study
    2.2    Stakeholders
    2.3    Data Sources
        2.3.1    Primary Sources
        2.3.2    Secondary Sources
    2.4    Market Estimation
        2.4.1    Bottom-Up Approach
        2.4.2    Top-Down Approach
    2.5    Forecasting Methodology
3   Executive Summary
4   Introduction

    4.1    Overview
    4.2    Key Industry Trends
5   Global Welding Consumables Market
    5.1    Market Overview
    5.2    Market Performance
    5.3    Impact of COVID-19
    5.4    Market Breakup by Product Type 
    5.5    Market Breakup by Welding Technique 
    5.6    Market Breakup by End-Use Industries 
    5.7    Market Breakup by Region 
    5.8    Market Forecast 
6   Market Breakup by Product Type
    6.1    Stick Electrodes 
        6.1.1    Market Trends
        6.1.2    Market Forecast
    6.2    Solid Wires 
        6.2.1    Market Trends
        6.2.2    Market Forecast
    6.3    Flux Cored Wires
        6.3.1    Market Trends
        6.3.2    Market Forecast
    6.4    SAW Wires and Fluxes
        6.4.1    Market Trends
        6.4.2    Market Forecast
    6.5    Others 
        6.5.1    Market Trends
        6.5.2    Market Forecast
7   Market Breakup by Welding Technique 
    7.1    Arc Welding 
        7.1.1    Market Trends
        7.1.2    Market Forecast
    7.2    Resistance Welding 
        7.2.1    Market Trends
        7.2.2    Market Forecast
    7.3    Oxyfuel Welding
        7.3.1    Market Trends
        7.3.2    Market Forecast
    7.4    Ultrasonic Welding
        7.4.1    Market Trends
        7.4.2    Market Forecast
    7.5    Others
        7.5.1    Market Trends
        7.5.2    Market Forecast
8   Market Breakup by End-Use Industries
    8.1    Construction 
        8.1.1    Market Trends
        8.1.2    Market Forecast
    8.2    Automobile  
        8.2.1    Market Trends
        8.2.2    Market Forecast
    8.3    Energy 
        8.3.1    Market Trends
        8.3.2    Market Forecast
    8.4    Shipbuilding 
        8.4.1    Market Trends
        8.4.2    Market Forecast
    8.5    Aerospace 
        8.5.1    Market Trends
        8.5.2    Market Forecast
    8.6    Industrial Equipment 
        8.6.1    Market Trends
        8.6.2    Market Forecast
    8.7    Others 
        8.7.1    Market Trends
        8.7.2    Market Forecast
9   Market Breakup by Region
    9.1    Asia Pacific 
        9.1.1    Market Trends
        9.1.2    Market Forecast
    9.2    North America
        9.2.1    Market Trends
        9.2.2    Market Forecast
    9.3    Europe 
        9.3.1    Market Trends
        9.3.2    Market Forecast
    9.4    Middle East and Africa
        9.4.1    Market Trends
        9.4.2    Market Forecast
    9.5    Latin America
        9.5.1    Market Trends
        9.5.2    Market Forecast
10  SWOT Analysis
    10.1    Overview 
    10.2    Strengths
    10.3    Weaknesses 
    10.4    Opportunities
    10.5    Threats
11  Value Chain Analysis
    11.1    Overview
    11.2    Research and Development
    11.3    Raw Material Procurement
    11.4    Manufacturing
    11.5    Marketing
    11.6    Distribution
    11.7    End-Use
12  Porters Five Forces Analysis
    12.1     Overview 
    12.2     Bargaining Power of Buyers
    12.3     Bargaining Power of Suppliers 
    12.4     Degree of Competition
    12.5     Threat of New Entrants
    12.6     Threat of Substitutes
13  Price Analysis 
14  Competitive Landscape

    14.1    Market Structure
    14.2    Key Players
    14.3    Profiles of Key Players
        14.3.1    Voestalpine AG
        14.3.2   Colfax Corporation 
        14.3.3    The Lincoln Electric Company 
        14.3.4    Air Liquide
        14.3.5    Hyundai Welding Co., Ltd.
        14.3.6    Obara Corporation 
        14.3.7    Panasonic Corporation
        14.3.8    Illinois Tool Works Inc. 
        14.3.9    Denyo Co., Ltd. 
        14.3.10      Fronius International GmbH 
        14.3.11      Tianjin Bridge Welding Materials Co., Ltd. 
        14.3.12      Kemppi Oy 
        14.3.13      Arcon Welding Equipment

List of Figures

Figure 1: Global: Welding Consumables Market: Major Drivers and Challenges
Figure 2: Global: Welding Consumables Market: Sales Value (in Billion US$), 2016-2021
Figure 3: Global: Welding Consumables Market: Breakup by Product Type (in %), 2021
Figure 4: Global: Welding Consumables Market: Breakup by Welding Technique (in %), 2021
Figure 5: Global: Welding Consumables Market: Breakup by End-Use Industries (in %), 2021
Figure 6: Global: Welding Consumables Market: Breakup by Region (in %), 2021
Figure 7: Global: Welding Consumables Market Forecast: Sales Value (in Billion US$), 2022-2027
Figure 8: Global: Welding Consumables Industry: SWOT Analysis
Figure 9: Global: Welding Consumables Industry: Value Chain Analysis
Figure 10: Global: Welding Consumables Industry: Porter’s Five Forces Analysis
Figure 11: Global: Welding Consumables (Stick Electrodes) Market: Sales Value (in Million US$), 2016 & 2021
Figure 12: Global: Welding Consumables (Stick Electrodes) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 13: Global: Welding Consumables (Solid Wires) Market: Sales Value (in Million US$), 2016 & 2021
Figure 14: Global: Welding Consumables (Solid Wires) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 15: Global: Welding Consumables (Flux Cored Wires) Market: Sales Value (in Million US$), 2016 & 2021
Figure 16: Global: Welding Consumables (Flux Cored Wires) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 17: Global: Welding Consumables (SAW Wires and Fluxes) Market: Sales Value (in Million US$), 2016 & 2021
Figure 18: Global: Welding Consumables (SAW Wires and Fluxes) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 19: Global: Welding Consumables (Other Product Types) Market: Sales Value (in Million US$), 2016 & 2021
Figure 20: Global: Welding Consumables (Other Product Types) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 21: Global: Welding Consumables (Arc Welding) Market: Sales Value (in Million US$), 2016 & 2021
Figure 22: Global: Welding Consumables (Arc Welding) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 23: Global: Welding Consumables (Resistance Welding) Market: Sales Value (in Million US$), 2016 & 2021
Figure 24: Global: Welding Consumables (Resistance Welding) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 25: Global: Welding Consumables (Oxyfuel Welding) Market: Sales Value (in Million US$), 2016 & 2021
Figure 26: Global: Welding Consumables (Oxyfuel Welding) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 27: Global: Welding Consumables (Ultrasonic Welding) Market: Sales Value (in Million US$), 2016 & 2021
Figure 28: Global: Welding Consumables (Ultrasonic Welding) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 29: Global: Welding Consumables (Other Welding Techniques) Market: Sales Value (in Million US$), 2016 & 2021
Figure 30: Global: Welding Consumables (Other Welding Techniques) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 31: Global: Welding Consumables (Construction) Market: Sales Value (in Million US$), 2016 & 2021
Figure 32: Global: Welding Consumables (Construction) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 33: Global: Welding Consumables (Automobile) Market: Sales Value (in Million US$), 2016 & 2021
Figure 34: Global: Welding Consumables (Automobile) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 35: Global: Welding Consumables (Energy) Market: Sales Value (in Million US$), 2016 & 2021
Figure 36: Global: Welding Consumables (Energy) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 37: Global: Welding Consumables (Shipbuilding) Market: Sales Value (in Million US$), 2016 & 2021
Figure 38: Global: Welding Consumables (Shipbuilding) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 39: Global: Welding Consumables (Aerospace) Market: Sales Value (in Million US$), 2016 & 2021
Figure 40: Global: Welding Consumables (Aerospace) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 41: Global: Welding Consumables (Industrial Equipment) Market: Sales Value (in Million US$), 2016 & 2021
Figure 42: Global: Welding Consumables (Industrial Equipment) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 43: Global: Welding Consumables (Other End-Use Industries) Market: Sales Value (in Million US$), 2016 & 2021
Figure 44: Global: Welding Consumables (Other End-Use Industries) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 45: Asia Pacific: Welding Consumables Market: Sales Value (in Million US$), 2016 & 2021
Figure 46: Asia Pacific: Welding Consumables Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 47: North America: Welding Consumables Market: Sales Value (in Million US$), 2016 & 2021
Figure 48: North America: Welding Consumables Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 49: Europe: Welding Consumables Market: Sales Value (in Million US$), 2016 & 2021
Figure 50: Europe: Welding Consumables Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 51: Middle East and Africa: Welding Consumables Market: Sales Value (in Million US$), 2016 & 2021
Figure 52: Middle East and Africa: Welding Consumables Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 53: Latin America: Welding Consumables Market: Sales Value (in Million US$), 2016 & 2021
Figure 54: Latin America: Welding Consumables Market Forecast: Sales Value (in Million US$), 2022-2027

List of Tables

Table 1: Global: Welding Consumables Market: Key Industry Highlights, 2021 and 2027
Table 2: Global: Welding Consumables Market Forecast: Breakup by Product Type (in Million US$), 2022-2027
Table 3: Global: Welding Consumables Market Forecast: Breakup by Welding Technique (in Million US$), 2022-2027
Table 4: Global: Welding Consumables Market Forecast: Breakup by End-Use Industries (in Million US$), 2022-2027
Table 5: Global: Welding Consumables Market Forecast: Breakup by Region (in Million US$), 2022-2027
Table 6: Global: Welding Consumables Market Structure
Table 7: Global: Welding Consumables Market: Key Players


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