India Welding Consumables Market to Reach US$ 1,570 Million by 2028, Stimulated by Rising Development of Smart Cities

August 17, 2023 | Chemical & Materials

According to the latest report by IMARC Group, titled “India Welding Consumables Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028,” the India welding consumables market size reached US$ 1,095 Million in 2022. Welding consumables are materials that are used in the process of welding to facilitate the joining of two or more metal parts. They comprise filler metals, such as welding rods, wires, and electrodes, which are used in arc welding processes to melt and fuse with the base metal, forming the weld joint. They include various types of filler metals, fluxes, and shielding gases, each serving specific purposes in different welding applications. They are essential elements in welding operations, playing a vital role in ensuring the integrity and strength of the weld joint. They add material to the weld joint, allowing for the formation of a strong and durable bond between the base metals. Furthermore, as they provide a means to control the mechanical properties of the weld joint, such as strength, toughness, and corrosion resistance, by selecting the appropriate consumables for the specific application, their demand is rising in India.

India Welding Consumables Market Trends:

At present, the increasing demand for welding consumables, as they aid in improving the control over the welding process, enabling precise and accurate weld placement, represents one of the crucial factors impelling the growth of the market in India. Besides this, the rising utilization of welding consumables, as they contribute to reducing rework and repair costs associated with substandard welds, is contributing to the growth of the market. In addition, the growing demand for new infrastructure projects, coupled with the renovation and maintenance of existing structures, is offering a favorable market outlook in India. Apart from this, the increasing development of smart cities and sustainable infrastructure is supporting the growth of the market in the country. Additionally, the rising employment of welding consumables in the automotive sectors for the production of car bodies, frames, and exhaust systems is bolstering the growth of the market in India. Looking forward, the market value is projected to reach US$ 1,570 Million by 2028, expanding at a CAGR of 6.1% during 2023-2028.

Market Summary:

Based on the product, the market has been segmented into stick electrodes, solid wires, flux cored wires, SAW wires and fluxes, and others. Stick electrodes currently dominate the market, holding the largest share.
On the basis of the welding technique, the market has been divided into arc welding, resistance welding, oxyfuel welding, ultrasonic welding, and others. At present, arc welding represents the biggest market share.
Based on the end use industries, the market has been classified into construction, automobile, energy, shipbuilding, aerospace, industrial equipment, and others. Presently, construction exhibit a clear dominance in the market.
Region-wise, the market has been segregated into North India, West and Central India, South India, and East India. Amongst these, West and Central India is the leading market, accounting for the majority of the India share.
The competitive landscape of the market has also been examined, with some of the key players.

Report Scope:

Report Features	Details
Base Year of the Analysis	2022
Historical Period	2017-2022
Forecast Period	2023-2028
Units	US$ Million
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
Report Price and Purchase Option	Single User License: US$ 2299 Five User License: US$ 3399 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)

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India Welding Consumables Market to Reach US$ 1,570 Million by 2028, Stimulated by Rising Development of Smart Cities

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