Welding Consumables Market By Type (Electrodes, Flux, Shielding Gas, Filler Metals, Others), By Welding Technique (Arc Welding, Resistance Welding, Oxy-fuel Welding, Laser-beam Welding, Others): Global Opportunity Analysis and Industry Forecast, 2023-2032
The global welding consumables market was valued at $16.1 billion in 2022, and is projected to reach $27.5 billion by 2032, growing at a CAGR of 5.5% from 2023 to 2032.
Welding consumables are materials used up during the welding process to join two or more pieces of metal together. These materials are essential for creating a strong and reliable weld.
The aerospace and defense industry requires precise and high-quality welding for the fabrication of aircraft, missiles, and military vehicles. The demand for lightweight materials and advanced welding techniques in this sector contributes to the market growth.
Moreover, as urbanization and infrastructure development continue to rise globally, there is a growing demand for welding in the construction of buildings, bridges, roads, and other infrastructure projects. Electrodes are commonly used in various welding processes to join structural components, reinforcing the demand for electrodes. Furthermore, many industries, including automotive, aerospace, shipbuilding, and manufacturing, rely heavily on welding processes to fabricate and assemble components. The expansion of these industries leads to increase in need for electrodes for various welding application; thus, fueling the market growth.
However, in some applications, welding consumables are replaced with alternative joining methods such as adhesive bonding, fastening, and 3D printing. These alternatives offer advantages in terms of weight reduction, design flexibility, and reduced heat-affected zones, which can limit the demand for welding consumables. Thus, restraining the market growth.
On the contrary, advances in welding technology, such as the development of new welding processes, robotic welding systems, and consumable materials with improved performance, drive the market growth, as industries seek more efficient and cost-effective solutions. This is expected offer lucrative opportunities for the welding consumables market during the forecast period.
The welding consumables market is segmented on the basis of type, welding technique, and region. On the basis of type, the market is categorized into electrodes, flux, shielding gas, filler metals, and others. On the basis of welding technique, it is divided into arc welding, resistance welding, oxy-fuel welding, laser-beam welding, and others. Region-wise, the market is studied across North America, Europe, Asia-Pacific, and LAMEA.
Key Benefits For StakeholdersThis report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the welding consumables market analysis from 2022 to 2032 to identify the prevailing welding consumables market opportunities.
The market research is offered along with information related to key drivers, restraints, and opportunities.
Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
In-depth analysis of the welding consumables market segmentation assists to determine the prevailing market opportunities.
Major countries in each region are mapped according to their revenue contribution to the global market.
Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
The report includes the analysis of the regional as well as global welding consumables market trends, key players, market segments, application areas, and market growth strategies.
Technology Trend Analysis
Additional company profiles with specific to client's interest
Additional country or region analysis- market size and forecast
Historic market data
Import Export Analysis/Data
Key player details (including location, contact details, supplier/vendor network etc. in excel format)
SWOT Analysis
Volume Market Size and Forecast
Key Market SegmentsBy TypeElectrodes
Flux
Shielding Gas
Filler Metals
Others
By Welding TechniqueArc Welding
Resistance Welding
Oxy-fuel Welding
Laser-beam Welding
Others
By RegionNorth America
U.S.
Canada
Mexico
Europe
Germany
UK
France
Spain
Italy
Rest of Europe
Asia-Pacific
China
India
Japan
South Korea
Australia
Rest of Asia-Pacific
LAMEA
Brazil
Saudi Arabia
South Africa
Rest of LAMEA
Key Market PlayersKobe Steel, Ltd.
The Lincoln Electric Company
VDM Metals
ESAB
Royal Arc
D&H Scheron
ESS AAR INDUSTRIES
Weldcom Electrodes Pvt. Ltd.
Senor Metals Pvt. Ltd.
Sharp Electrodes (P) LTD.
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