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Historical Year
Forecast Year
The global welding consumables market stood at USD 17.26 billion in 2023. The market is further projected to grow in the forecast period of 2024-2032 at a CAGR of 5.8% to reach USD 28.68 billion by 2032.
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Based on the product, the stick electrodes are the leading category of welding consumables across the globe. These electrodes are primarily designed for low and mild alloy steel welding. On the basis of the welding techniques, the arc welding accounted for the majority of the total market share in 2020. Based on the end-use industries, the construction sector exhibits a clear dominance in the market. Region-wise, the Asia Pacific is estimated to be the largest welding consumables market across the globe. Other major markets include North America, Europe, and Latin America.
Welding consumables are the flux and filler metals that are utilised in the process of welding. In this process, filler metals are melted to form a strong joint between two metals, whereas the flux helps in prevents the oxidation of hot metals. Raw materials used in the formation of welding consumables include copper, nickel, ilmenite, rutile, and aluminium. In addition, they ensure cost-effective welding, prevent the formation of porosity in the weld pool, and aid in safeguarding the molten weld from contaminants present in the air. Consequently, they are widely employed in the automobile, construction, shipbuilding, energy, and aerospace industries.
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The major products in the global welding consumables market are:
The market can be broadly segregated, on the basis of its welding technique segment, into:
Based on the end-use industries, the global welding consumables market is divided into:
The EMR report looks into the regional markets in the global welding consumables market like North America, the Asia Pacific, Europe, Latin America, and the Middle East and Africa.
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Welding consumables are extensively used in the manufacturing of high-quality and lightweight vehicle parts. This can be accredited to the increasing sales of automobiles, continuous improvements in designs, and advancements in the safety features of vehicles. Also, the rise in development and housing projects has further provided a thrust to the construction industry in developing economies such as China, India, and South Africa, thereby bolstering the growth of the welding consumables market. Rapid urbanisation, increasing foreign direct investments (FDI), and industrialisation are further spurring the demand for the product across the globe. Besides, innovations and advancements in welding technology to develop techniques for more extensive applications are anticipated to create numerous opportunities for market players over the forecast period.
The report gives a detailed analysis of the following key players in the global welding consumables market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis.
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Product |
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| Breakup by Welding Technique |
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| Breakup by End Use |
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| Breakup by Region |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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| Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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The global welding consumables market reached a value of USD 17.26 billion in 2023.
The market is expected to grow at a CAGR of 5.8% between 2024 and 2032.
The market is estimated to observe a healthy growth in the forecast period of 2024-2032 to reach a value of about USD 28.68 billion by 2032.
The major drivers of the market include rising disposable incomes, increasing population, expanding construction industry, and the growing urbanisation.
Innovations and advancements in welding technology and increasing automobiles sales are expected to be key trends guiding the growth of the market.
North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa are the leading regions in the market.
Stick electrodes, solid wires, flux cored wires, and SAW wires and fluxes, among others are the various products in the market.
Arc welding, resistance welding, oxyfuel welding, and ultrasonic welding, among others, are the leading welding techniques in the market.
The various end uses in the market are construction, automobile, energy, shipbuilding, aerospace, and industrial equipment, among others.
The leading players in the global welding consumables market are Voestalpine Böhler Welding GmbH, Colfax Corporation, Air Liquide, The Lincoln Electric Company, Hyundai Welding Co., Ltd., Obara Corp, and Panasonic Corporation, among others.
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United States (Head Office)
30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
Australia
63 Fiona Drive, Tamworth, NSW
+61-448-061-727
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-858-608-1494
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.
+63-287-899-028, +63-967-048-3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84-865-399-124
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