Global Welding Consumables Market, By Product Type (Stick Electrodes, Solid Wires, Flux-Cored Wires,

Published Date: | Report Code : MT1958321


Growing demand from end-use industry applications in developing regions and the promotion of application-specific grades by companies is expected to drive the Welding Consumables Market during the forecast period. This market has witnessed a number of key developments in terms of application-specific grade developments and strategic investments in emerging regions by companies to strengthen their market position in the global market. Some of the other key factors governing the market dynamics include regulatory scenario, exchange rates, environmental constraints, and so on. All these factors are expected to have a significant impact on the dynamics of Welding Consumables Market during the forecast period. 

Welding consumables refer to metals used in the welding process for flux and filler. Filler metals are cooled to form a powerful bond between two metals, while flux during this phase avoids the oxidation of warm metals. Nickel, zinc, rutile, ilmenite, and aluminum are some of the raw materials used in the manufacturing of welding consumables.
These consumables guarantee cost-effective welding, help protect the hot weld from airborne contaminants and stop porosity from forming in the weld pool. They are therefore hired widely in the construction, automotive, power, shipbuilding, and aviation sectors.

Welding consumables are used in the manufacture of lightweight and high-quality vehicle parts in the automotive industry. Improvements in vehicle safety characteristics, along with changing automotive models, have stepped up automotive revenues, thus boosting development in the industry for welding consumables.

In addition, in emerging economies such as China, India, and South Africa, the implementation of several development and housing projects has given the construction industry a thrust. Some of the other variables that stimulate market growth are industrialization, urbanization, increasing foreign direct investment (FDI) and advances in technology.

Key Factors Impacting Market Growth:
    • Increasing demand from the wind and solar energy industries
    • Rising technological advancements
    • Cost-effective technique 

Regional Outlook 

By region, the welding consumables market has been segmented in North America, Europe, Asia Pacific, Middle East, and Rest of the World. The North America and Western Europe regions are estimated to register a stable demand during the forecast period with market recovery from recent slowdowns. North America region includes US, Canada, and Mexico. US is estimated to dominate this market with a sizeable share followed by Canada, and Mexico. Industrial sector is a major contributor US and Canada economies overall. Hence, the supply of advanced materials in production activities is critical to the overall growth of industries in this region. Western Europe region is dominated by Germany, UK, France, Italy, and Spain. These countries also have a strong influence of the industrial sector resulting in sizeable demand for welding consumables market.  

Asia Pacific is estimated to register the highest CAGR by region during the forecast period. Presence of some of the high growth economies such as China and India is expected to propel the demand in this region. In addition, this region has witnessed strategic investments by major companies to increase their market presence. The Middle East and Eastern Europe are estimated to be other key regions for the welding consumables market with a strong market potential during the forecast period. Rest of the World consisting of South America and Africa are estimated to be emerging markets during the forecast period.

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, Arcon Welding Equipment...

Market Segmentation:

By Product Type:
    • Stick Electrodes
    • Solid Wires
    • Flux-Cored Wires
    • SAW Wires and Fluxes

By Welding Technique:
    • Arc Welding
    • Resistance Welding
    • Oxy-Fuel Welding
    • Ultrasonic Welding

By End use Industry:
    • Automotive and Transportation
    • Construction
    • Manufacturing
    • Fabrication
    • Oil and Gas

By Region:

    • North America
        ◦ By Country (US, Canada, Mexico)
        ◦ By Product Type
        ◦ By Welding Technique
        ◦ By End Use Industry

    • Western Europe
        ◦ By Country (Germany, UK, France, Spain, Rest of Western Europe)
        ◦ By Product Type
        ◦ By Welding Technique
        ◦ By End Use Industry

    • Eastern Europe
        ◦ By Country (Russia, Turkey, Rest of Eastern Europe)
        ◦ By Product Type
        ◦ By Welding Technique
        ◦ By End Use Industry

    • Asia Pacific
        ◦ By Country (China, Japan, India, Rest of Asia Pacific)
        ◦ By Product Type
        ◦ By Welding Technique
        ◦ By End Use Industry

    • Middle East
        ◦ By Country (UAE, Qatar, Iran, Saudi Arabia, Rest of Middle East)
        ◦ By Product Type
        ◦ By Welding Technique
        ◦ By End Use Industry

    • Rest of the World
        ◦ By Region (South America, Africa, Rest of the World)
        ◦ By Product Type
        ◦ By Welding Technique
        ◦ By End Use Industry

Reasons To Buy This Report:

    • Market size estimation of the welding consumables market on a regional and global basis 
    • Unique research design for market size estimation and forecast 
    • Profiling of major companies operating in the market with key developments
    • Broad scope to cover all the possible segments helping every stakeholder in the market


We provide customization of the study to meet specific requirements:
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    • By Sub-segment 
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