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Global Welding Consumables Market: By Product: Stick Electrodes, Solid Wires, Flux Cored Wires, SAW Wires and Fluxes, Others; By Welding Technique; By End Use; Regional Analysis; Historical Market and Forecast (2015-2025); Market Dynamics; Value Chain Analysis; Price Analysis; Competitive Landscape; Industry Events and Developments

Global Welding Consumables Market Outlook

The global welding consumables market stood at USD 14.6 billion in 2019. The market is further projected to grow in the forecast period of 2020-2025 at a CAGR of 5.7% to reach USD 20.49 billion by 2025.

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 2019. 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.

 

Properties and Applications

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.

The major products in the global welding consumables market are:

  • Stick Electrodes
  • Solid Wires
  • Flux Cored Wires
  • SAW Wires and Fluxes
  • Others

The market can be broadly segregated, on the basis of its welding technique segment, into:

  • Arc 
  • Oxyfuel 
  • Resistance 
  • Ultrasonic 
  • Others

Based on the end-use industries, the global welding consumables market is divided into:

  • Construction
  • Automobile
  • Energy
  • Shipbuilding
  • Aerospace
  • Industrial Equipment
  • Others

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.

 

Market Analysis

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.

 

Competitive Landscape

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:

  • Voestalpine Böhler Welding GmbH
  • Colfax Corporation
  • Air Liquide
  • The Lincoln Electric Company
  • Hyundai Welding Co., Ltd.
  • Obara Corp
  • Panasonic Corporation
  • Others

The comprehensive EMR report provides an in-depth assessment of the industry based on the Porter's five forces model along with giving a SWOT analysis.

1    Preface
2    Report Coverage – Key Segmentation and Scope
3    Report Description

    3.1    Market Definition and Outlook
    3.2    Properties and Applications
    3.3    Market Analysis
    3.4    Key Players
4    Key Assumptions
5    Executive Summary

    5.1    Overview
    5.2    Key Drivers
    5.3    Key Developments
    5.4    Competitive Structure
    5.5    Key Industrial Trends
6    Snapshot
    6.1    Global
    6.2    Regional
7    Industry Opportunities and Challenges
8    Global Welding Consumables Market Analysis

    8.1    Key Industry Highlights
    8.2    Global Welding Consumables Historical Market (2015-2019) 
    8.3    Global Welding Consumables Market Forecast (2020-2025)
    8.4    Global Welding Consumables Market by Product
        8.4.1    Stick Electrodes 
            8.4.1.1    Market Share
            8.4.1.2    Historical Trend (2015-2019)
            8.4.1.3    Forecast Trend (2020-2025)
        8.4.2    Solid Wires 
            8.4.2.1    Market Share
            8.4.2.2    Historical Trend (2015-2019)
            8.4.2.3    Forecast Trend (2020-2025)
        8.4.3    Flux Cored Wires
            8.4.3.1    Market Share
            8.4.3.2    Historical Trend (2015-2019)
            8.4.3.3    Forecast Trend (2020-2025)
        8.4.4    SAW Wires and Fluxes
            8.4.4.1    Market Share
            8.4.4.2    Historical Trend (2015-2019)
            8.4.4.3    Forecast Trend (2020-2025)
        8.4.5    Others
    8.5    Global Welding Consumables Market by Welding Technique
        8.5.1    Arc Welding 
            8.5.1.1    Market Share
            8.5.1.2    Historical Trend (2015-2019)
            8.5.1.3    Forecast Trend (2020-2025)
        8.5.2    Resistance Welding 
            8.5.2.1    Market Share
            8.5.2.2    Historical Trend (2015-2019)
            8.5.2.3    Forecast Trend (2020-2025)
        8.5.3    Oxyfuel Welding
            8.5.3.1    Market Share
            8.5.3.2    Historical Trend (2015-2019)
            8.5.3.3    Forecast Trend (2020-2025)
        8.5.4    Ultrasonic Welding 
            8.5.4.1    Market Share
            8.5.4.2    Historical Trend (2015-2019)
            8.5.4.3    Forecast Trend (2020-2025)
        8.5.5    Others
    8.6    Global Welding Consumables Market by End Use
        8.6.1    Construction
            8.6.1.1    Market Share
            8.6.1.2    Historical Trend (2015-2019)
            8.6.1.3    Forecast Trend (2020-2025)
        8.6.2    Automobile
            8.6.2.1    Market Share
            8.6.2.2    Historical Trend (2015-2019)
            8.6.2.3    Forecast Trend (2020-2025)
        8.6.3    Energy
            8.6.3.1    Market Share
            8.6.3.2    Historical Trend (2015-2019)
            8.6.3.3    Forecast Trend (2020-2025)
        8.6.4    Shipbuilding
            8.6.4.1    Market Share
            8.6.4.2    Historical Trend (2015-2019)
            8.6.4.3    Forecast Trend (2020-2025)
        8.6.5    Aerospace
            8.6.5.1    Market Share
            8.6.5.2    Historical Trend (2015-2019)
            8.6.5.3    Forecast Trend (2020-2025)
        8.6.6    Industrial Equipment
            8.6.6.1    Market Share
            8.6.6.2    Historical Trend (2015-2019)
            8.6.6.3    Forecast Trend (2020-2025)
        8.6.7    Others
    8.7    Global Welding Consumables Market by Region
        8.7.1    Market Share
            8.7.1.1    North America
            8.7.1.2    Europe
            8.7.1.3    Asia Pacific
            8.7.1.4    Latin America
            8.7.1.5    Middle East and Africa
9    Regional Analysis
    9.1    North America
        9.1.1    Historical Trend (2015-2019)
        9.1.2    Forecast Trend (2020-2025)
        9.1.3    Breakup by Country
            9.1.3.1    United States of America 
            9.1.3.2    Canada
    9.2    Europe
        9.2.1    Historical Trend (2015-2019)
        9.2.2    Forecast Trend (2020-2025)
        9.2.3    Breakup by Country
            9.2.3.1    United Kingdom
            9.2.3.2    Germany
            9.2.3.3    France
            9.2.3.4    Italy
            9.2.3.5    Others
    9.3    Asia Pacific
        9.3.1    Historical Market (2015-2019)
        9.3.2    Market Forecast (2020-2025)
        9.3.3    Breakup by Country
            9.3.3.1    China
            9.3.3.2    Japan
            9.3.3.3    India
            9.3.3.4    ASEAN
            9.3.3.5    Australia
            9.3.3.6    Others
    9.4    Latin America
        9.4.1    Historical Trend (2015-2019)
        9.4.2    Forecast Trend (2020-2025)
        9.4.3    Breakup by Country
            9.4.3.1    Brazil
            9.4.3.2    Argentina
            9.4.3.3    Mexico
            9.4.3.4    Others
    9.5    Middle East and Africa
    9.5.1    Historical Trend (2015-2019)
    9.5.2    Forecast Trend (2020-2025)
    9.5.3    Breakup by Country
        9.5.3.1    Saudi Arabia
        9.5.3.2    United Arab Emirates
        9.5.3.3    Nigeria
        9.5.3.4    South Africa
        9.5.3.5    Others
10    Market Dynamics
    10.1    SWOT Analysis
        10.1.1    Strengths
        10.1.2    Weaknesses
        10.1.3    Opportunities
        10.1.4    Threats
    10.2    Porter’s Five Forces Analysis
        10.2.1    Supplier’s Power
        10.2.2    Buyers Power
        10.2.3    Threat of New Entrants
        10.2.4    Degree of Rivalry
        10.2.5    Threat of Substitutes
    10.3    EMR’s Key Indicators for Demand
    10.4    EMR’s Key Indicators for Price
11    Value Chain Analysis
12    Price Analysis
13    Competitive Landscape

    13.1    Market Structure
    13.2    Key Players’ Market Share
    13.3    Company Profiles
        13.3.1    Voestalpine Böhler Welding GmbH
            13.3.1.1    Company Overview
            13.3.1.2    Product Portfolio
            13.3.1.3    Demographic Reach and Achievements
            13.3.1.4    Financial Summary
            13.3.1.5    Certifications
        13.3.2    Colfax Corporation
            13.3.2.1    Company Overview
            13.3.2.2    Product Portfolio
            13.3.2.3    Demographic Reach and Achievements
            13.3.2.4    Financial Summary
            13.3.2.5    Certifications
        13.3.3    Air Liquide
            13.3.3.1    Company Overview
            13.3.3.2    Product Portfolio
            13.3.3.3    Demographic Reach and Achievements
            13.3.3.4    Financial Summary
            13.3.3.5    Certifications
        13.3.4    The Lincoln Electric Company
            13.3.4.1    Company Overview
            13.3.4.2    Product Portfolio
            13.3.4.3    Demographic Reach and Achievements
            13.3.4.4    Financial Summary
            13.3.4.5    Certifications
        13.3.5    Hyundai Welding Co., Ltd.
            13.3.5.1    Company Overview
            13.3.5.2    Product Portfolio
            13.3.5.3    Demographic Reach and Achievements
            13.3.5.4    Financial Summary
            13.3.5.5    Certifications
        13.3.6    Obara Corp
            13.3.6.1    Company Overview
            13.3.6.2    Product Portfolio
            13.3.6.3    Demographic Reach and Achievements
            13.3.6.4    Financial Summary
            13.3.6.5    Certifications
        13.3.7    Panasonic Corporation
            13.3.7.1    Company Overview
            13.3.7.2    Product Portfolio
            13.3.7.3    Demographic Reach and Achievements
            13.3.7.4    Financial Summary
            13.3.7.5    Certifications
        13.3.8    Others
14    Industry Events and Developments


List of Figures and Tables

1.    Global Welding Consumables Market: Key Industry Highlights, 2015 and 2025
2.    Global Welding Consumables Historical Market: Breakup by Product (USD Billion), 2015-2019
3.    Global Welding Consumables Market Forecast: Breakup by Product (USD Billion), 2020-2025
4.    Global Welding Consumables Historical Market: Breakup by Welding Technique (USD Billion), 2015-2019
5.    Global Welding Consumables Market Forecast: Breakup by Welding Technique (USD Billion), 2020-2025
6.    Global Welding Consumables Historical Market: Breakup by End Use (USD Billion), 2015-2019
7.    Global Welding Consumables Market Forecast: Breakup by End Use (USD Billion), 2020-2025
8.    Global Welding Consumables Historical Market: Breakup by Region (USD Billion), 2015-2019
9.    Global Welding Consumables Market Forecast: Breakup by Region (USD Billion), 2020-2025
10.    North America Welding Consumables Historical Market: Breakup by Country (USD Billion), 2015-2019
11.    North America Welding Consumables Market Forecast: Breakup by Country (USD Billion), 2020-2025
12.    Europe Welding Consumables Historical Market: Breakup by Country (USD Billion), 2015-2019
13.    Europe Welding Consumables Market Forecast: Breakup by Country (USD Billion), 2020-2025
14.    Asia Pacific Welding Consumables Historical Market: Breakup by Country (USD Billion), 2015-2019
15.    Asia Pacific Welding Consumables Market Forecast: Breakup by Country (USD Billion), 2020-2025
16.    Latin America Welding Consumables Historical Market: Breakup by Country (USD Billion), 2015-2019
17.    Latin America Welding Consumables Market Forecast: Breakup by Country (USD Billion), 2020-2025
18.    Middle East and Africa Welding Consumables Historical Market: Breakup by Country (USD Billion), 2015-2019
19.    Middle East and Africa Welding Consumables Forecast: Breakup by Country (USD Billion), 2020-2025
20.    Global Welding Consumables Market Structure

Key Questions Answered in the Report

The global welding consumables market reached a value of USD 14.6 billion in 2019. 

The market is projected to grow at a CAGR of nearly 5.7% in the forecast period of 2020-2025.

The market is estimated to reach a value of about USD 20.49 billion by 2025.

The major drivers of the industry include rising disposable incomes, increasing population, rising construction industry, increasing automobiles sale, and the growing urbanisation.

The innovations and advancements in welding technology is expected to be a key trend guiding the growth of the industry.

North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa are the leading regions in the market, with the Asia Pacific accounting for the largest market share.

Stick electrode is the dominant product in the market. 

Arc welding is the leading welding technique of the product in the industry. 

The construction sector accounts for the largest market share, among other end use segments in the industry.

The leading players in the 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.

Analyst Review

The global welding consumables market attained a value of USD 14.6 billion in 2019 driven by the growth in the construction and automobile industries. Aided by the rising innovations and advancements, the industry is expected to witness a further growth in the forecast period of 2020-2025, growing at a CAGR of 5.7%. The industry is projected to reach USD 20.49 billion by 2025.

EMR's meticulous research methodology delves deep into the industry, covering the macro and micro aspects of the industry. Based on its product type, the global welding consumables market is dominated by stick electrodes. By welding technique, arc welding leads the industry. On the basis of end uses, the construction sector accounts for the largest share in the global industry. The major regional markets for the product are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa, with the Asia Pacific accounting for the largest share of the market. The key players in the above industry include Voestalpine Böhler Welding GmbH, Colfax Corporation, Air Liquide, The Lincoln Electric Company, Hyundai Welding Co., Ltd., Obara Corp, and Panasonic Corporation, among others.

EMR's research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.

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