The global welding consumables market size was worth US$ 13.9 Billion in 2018. 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.
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. The market is further projected to reach a value of US$ 19.2 Billion by 2024, growing at a CAGR of around 6% during the forecast period (2019-2024).
Breakup by Product Type:
- 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
- Laser-Beam 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:
- Asia Pacific
- North America
- Middle East and Africa
- Europe
- Latin America
On a geographical front, Asia Pacific enjoys the leading position in the market on account of the rising construction activities in the region.
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.
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?
- 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
4.3 Key Industry Trends
5 Global Welding Consumables Market
5.1 Market Overview
5.2 Market Performance
5.3 Market Breakup by Product
5.4 Market Breakup by Welding Technique
5.5 Market Breakup by End-Use Industries
5.6 Market Breakup by Region
5.7 Market Forecast
6 Market Breakup by Product
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$), 2013-2018
Figure 3: Global: Welding Consumables Market: Breakup by Product (in %), 2018
Figure 4: Global: Welding Consumables Market: Breakup by Welding Technique (in %), 2018
Figure 5: Global: Welding Consumables Market: Breakup by End-Use Industries (in %), 2018
Figure 6: Global: Welding Consumables Market: Breakup by Region (in %), 2018
Figure 7: Global: Welding Consumables Market Forecast: Sales Value (in Billion US$), 2019-2024
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$), 2013 & 2018
Figure 12: Global: Welding Consumables (Stick Electrodes) Market Forecast: Sales Value (in Million US$), 2019-2024
Figure 13: Global: Welding Consumables (Solid Wires) Market: Sales Value (in Million US$), 2013 & 2018
Figure 14: Global: Welding Consumables (Solid Wires) Market Forecast: Sales Value (in Million US$), 2019-2024
Figure 15: Global: Welding Consumables (Flux Cored Wires) Market: Sales Value (in Million US$), 2013 & 2018
Figure 16: Global: Welding Consumables (Flux Cored Wires) Market Forecast: Sales Value (in Million US$), 2019-2024
Figure 17: Global: Welding Consumables (SAW Wires and Fluxes) Market: Sales Value (in Million US$), 2013 & 2018
Figure 18: Global: Welding Consumables (SAW Wires and Fluxes) Market Forecast: Sales Value (in Million US$), 2019-2024
Figure 19: Global: Welding Consumables (Others Produts) Market: Sales Value (in Million US$), 2013 & 2018
Figure 20: Global: Welding Consumables (Others Products) Market Forecast: Sales Value (in Million US$), 2019-2024
Figure 21: Global: Welding Consumables (Arc Welding) Market: Sales Value (in Million US$), 2013 & 2018
Figure 22: Global: Welding Consumables (Arc Welding) Market Forecast: Sales Value (in Million US$), 2019-2024
Figure 23: Global: Welding Consumables (Resistance Welding) Market: Sales Value (in Million US$), 2013 & 2018
Figure 24: Global: Welding Consumables (Resistance Welding) Market Forecast: Sales Value (in Million US$), 2019-2024
Figure 25: Global: Welding Consumables (Oxyfuel Welding) Market: Sales Value (in Million US$), 2013 & 2018
Figure 26: Global: Welding Consumables (Oxyfuel Welding) Market Forecast: Sales Value (in Million US$), 2019-2024
Figure 27: Global: Welding Consumables (Ultrasonic Welding) Market: Sales Value (in Million US$), 2013 & 2018
Figure 28: Global: Welding Consumables (Ultrasonic Welding) Market Forecast: Sales Value (in Million US$), 2019-2024
Figure 29: Global: Welding Consumables (Other Welding Techniques) Market: Sales Value (in Million US$), 2013 & 2018
Figure 30: Global: Welding Consumables (Other Welding Techniques) Market Forecast: Sales Value (in Million US$), 2019-2024
Figure 31: Global: Welding Consumables (Construction) Market: Sales Value (in Million US$), 2013 & 2018
Figure 32: Global: Welding Consumables (Construction) Market Forecast: Sales Value (in Million US$), 2019-2024
Figure 33: Global: Welding Consumables (Automobile) Market: Sales Value (in Million US$), 2013 & 2018
Figure 34: Global: Welding Consumables (Automobile) Market Forecast: Sales Value (in Million US$), 2019-2024
Figure 35: Global: Welding Consumables (Energy) Market: Sales Value (in Million US$), 2013 & 2018
Figure 36: Global: Welding Consumables (Energy) Market Forecast: Sales Value (in Million US$), 2019-2024
Figure 37: Global: Welding Consumables (Shipbuilding) Market: Sales Value (in Million US$), 2013 & 2018
Figure 38: Global: Welding Consumables (Shipbuilding) Market Forecast: Sales Value (in Million US$), 2019-2024
Figure 39: Global: Welding Consumables (Aerospace) Market: Sales Value (in Million US$), 2013 & 2018
Figure 40: Global: Welding Consumables (Aerospace) Market Forecast: Sales Value (in Million US$), 2019-2024
Figure 41: Global: Welding Consumables (Industrial Equipment) Market: Sales Value (in Million US$), 2013 & 2018
Figure 42: Global: Welding Consumables (Industrial Equipment) Market Forecast: Sales Value (in Million US$), 2019-2024
Figure 43: Global: Welding Consumables (Other End-Use Industries) Market: Sales Value (in Million US$), 2013 & 2018
Figure 44: Global: Welding Consumables (Other End-Use Industries) Market Forecast: Sales Value (in Million US$), 2019-2024
Figure 45: Asia Pacific: Welding Consumables Market: Sales Value (In Million US$), 2013 & 2018
Figure 46: Asia Pacific: Welding Consumables Market Forecast: Sales Value (in Million US$), 2019-2024
Figure 47: North America: Welding Consumables Market: Sales Value (in Million US$), 2013 & 2018
Figure 48: North America: Welding Consumables Market Forecast: Sales Value (in Million US$), 2019-2024
Figure 49: Europe: Welding Consumables Market: Sales Value (in Million US$), 2013 & 2018
Figure 50: Europe: Welding Consumables Market Forecast: Sales Value (in Million US$), 2019-2024
Figure 51: Middle East and Africa: Welding Consumables Market: Sales Value (in Million US$), 2013 & 2018
Figure 52: Middle East and Africa: Welding Consumables Market Forecast: Sales Value (in Million US$), 2019-2024
Figure 53: Latin America: Welding Consumables Market: Sales Value (in Million US$), 2013 & 2018
Figure 54: Latin America: Welding Consumables Market Forecast: Sales Value (in Million US$), 2019-2024
List of Tables
Table 1: Global:Welding Consumables Market: Key Industry Highlights, 2018 and 2024
Table 2: Global:Welding Consumables Market Forecast: Breakup by Product (in Million US$), 2019-2024
Table 3: Global:Welding Consumables Market Forecast: Breakup by Welding Technique (in Million US$), 2019-2024
Table 4: Global:Welding Consumables Market Forecast: Breakup by End-Use Industries (in Million US$), 2019-2024
Table 5: Global:Welding Consumables Market Forecast: Breakup by Region (in Million US$), 2019-2024
Table 6: Global:Welding Consumables Market Structure
Table 7: Global:Welding Consumables Market: Key Players