Global Welding Consumables Market Report By Product (Stick Electrodes, Solid Wires, Solid Wires, Saw Wires & Fluxes, And Others), End-User (Automotive & Transportation, Building & Construction, Marine, Power, Oil & Gas, And Others) And By Regions - Industry Trends, Size, Share, Growth, Estimation and Forecast, 2020-2027

ID:VMR11210058
April 2021
Report Formats:

Rising demand of automated welding solution from end-use industries such as automotive, aerospace, construction, engineering and others are driving the market growth. Owing to the ability to achieve short cycle time, reduce post weld work and minimize downtime & reject rates are traits penetrating its demand in end-use industries. Booming construction and automotive sector in developing economies likely to propel the market growth in the forecast period. Increase application of welding consumables for repairing and maintenance is another factor boosting market growth. Rehabilitation of old oil refineries coupled with the construction of new gas manufacturing facilities to fulfill global demand is contributing significantly in the market growth.

The latest report by Value Market Research expects the Global Welding Consumables Market to reach USD 19,205.8 Million from the year 2017 to 2024 with CAGR of 5.9%.
 
STICK ELECTRODE LED THE PRODUCT SEGMENT
In 2017, stick electrode dominated the product segment owing to low cost, convenient and extensive usage in low and mild alloy steel welding is fueling the segment growth. As per the analysis, stick electrode is expected to reach USD XX.X Million by end of the year 2024.  
 
AUTOMOTIVE & TRANSPORTATION SECTOR LED THE APPLICATION SEGMENT
Automobile & transportation sector dominated the application segment and is likely to continue the same and reach USD XX.X Million by 2024. Booming automotive sector followed by technological advancement is driving the welding consumables market growth. In addition, increasing expenditure on R&D by major manufacturers to provide better & comfortable vehicles is likely to fuel the market growth in the following years.
 
ASIA PACIFIC TO LED THE REGIONAL MARKET
Asia Pacific has led the regional segment and is presumed to continue and reach USD XX.X Million by 2024 with CAGR 6.7%. Booming construction and automotive in countries such as China and India are driving the regional market. Moreover, the rising industrial base of emerging economies is presumed to foster the regional market growth in the following years.
 
KEY PLAYER OF THE MARKET
Corodur Fülldraht Gmbh, Daihen Corporation, The Lincoln Electric Company, Esab, Tianjin Bridge Welding Materials Group Co., Ltd., Illinois Tool Works Inc., Air Liquide, Voestalpine Böhler Welding Group Gmbh, Kiswel Inc., Kobe Steel, Ltd., Obara Group Inc., Promax Welding, Royal Arc Electrodes Limited and Vorarc Welding Cc are the major players of the welding consumables market.

As per this study the Global Welding Consumables Market was valued USD XX MN (by revenue) in 2021 and is anticipated to reach USD XX MN by 2027 with a CAGR of XX%. By volume, the market was estimated at XX KT in 2021 and is expected to reach XX KT by 2027 with a CAGR of XX%.
                         
Technically, welding is a sculptural process of joining various metals and thermoplastics together by means of coalescence. It is considered as an effective and economical method for making strong joints between two or more metal parts. In the welding process, flux and filler metals are two known welding consumables among others. Basically, flux acts as a deoxidizer by preventing the formation of porosity in the weld pool. Whereas, filler metals melt during the welding process to give a strong joint to the metal parts. Stick electrode, flux-cored wires, solid wires, SAW wires, and fluxes, etc. are some of the welding consumables employed during the welding process.
 
Market Dynamics
 
Rise in the automobile and construction industry is the prime factor fueling the growth of the global welding consumables market. Additionally, ongoing industrialization and rapid urbanization in developing countries are the factors leading to the rise in construction projects, which in turn is raising the demand for welding consumables across the various sector. The oil & gas industry is projected to be a major end-user of welding consumables. Rehabilitation of existing oil infrastructure and construction of new pipelines and gas manufacturing facilities are likely to increase due to rising demand for oil and gas in the energy markets globally. On the flip side, the dearth of skilled labor in manufacturing industries along with the high labor cost is expected to act as a restraint to global welding products market.
 
This detailed market study is centered on the data obtained from multiple sources and is analyzed using numerous tools including porter’s five forces analysis, market attractiveness analysis and value chain analysis. These tools are employed to gain insights of the potential value of the market facilitating the business strategists with the latest growth opportunities. Additionally, these tools also provide a detailed analysis of each application/product segment in the global market of welding consumables.
 
Market Segmentation
 
The broad welding consumables market has been sub-grouped into product and application. The report studies these subsets with respect to the geographical segmentation. The strategists can gain a detailed insight and devise appropriate strategies to target specific market. This detail will lead to a focused approach leading to identification of better opportunities.
 
By Product
  • Stick Electrodes
  • Solid Wires
  • Flux-Cored Wires
  • Saw Wires & Fluxes
  • Others
 
By Application
  • Automotive & Transportation
  • Building & Construction
  • Marine
  • Power
  • Oil & Gas
  • Others
 
Regional Analysis
 
Furthermore, the report comprises of the geographical segmentation which mainly focuses on current and forecast demand for welding consumables in North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The report further focuses on demand for individual application segments in all the regions.
 
Global Welding Consumables Market Share by Region (Representative Graph)
 
Global Welding Consumables Market Share
 
The report also covers detailed competitive landscape including company profiles of key players operating in the global market. The key players in the welding consumables market includes Corodur Fülldraht GmbH, Daihen Corporation, The Lincoln Electric Company, ESAB, Tianjin Bridge Welding Materials Group Co., Ltd., Illinois Tool Works Inc., Air Liquide, Voestalpine Böhler Welding Group GmbH, Kiswel Inc., Kobe Steel, Ltd., Obara Group Inc., Promax Welding, Royal Arc Electrodes Limited and Vorarc Welding CC. An in-depth view of the competitive outlook includes future capacities, key mergers & acquisitions, financial overview, partnerships, collaborations, new product launches, new product developments and other developments with information in terms of H.Q.
 
METHODOLOGY:
 
A combination of primary and secondary research has been used to determine the market estimates and forecasts. Sources used for secondary research include (but not limited to) Paid Data Sources, Company Websites, Technical Journals, Annual Reports, SEC Filings and various other industry publications. Specific details on methodology used for this report can be provided on demand. 

1 . PREFACE
       1.1. Report Description
           1.1.1. Objective
           1.1.2. Target Audience
           1.1.3. Unique Selling Proposition (USP) & offerings
       1.2. Research Scope
       1.3. Research Methodology
           1.3.1. Market Research Process
           1.3.2. Market Research Methodology
 
2 . EXECUTIVE SUMMARY
       2.1. Highlights of Market
       2.2. Global Market Snapshot
 
3 . WELDING CONSUMABLES – INDUSTRY ANALYSIS
       3.1. Introduction - Market Dynamics
       3.2. Market Drivers
       3.3. Market Restraints
       3.4. Opportunities
       3.5. Industry Trends
       3.6. Porter’s Five Force Analysis
       3.7. Market Attractiveness Analysis
           3.7.1 By Product
           3.7.2 By Application
           3.7.3 By Region
 
4 . VALUE CHAIN ANALYSIS
       4.1. Value Chain Analysis
       4.2. Raw Material Analysis
           4.2.1. List of Raw Materials
           4.2.2. Raw Material Manufactures List
           4.2.3. Price Trend of Key Raw Materials
       4.3. List of Potential Buyers
       4.4. Marketing Channel
           4.4.1. Direct Marketing
           4.4.2. Indirect Marketing
           4.4.3. Marketing Channel Development Trend
 
5 . IMPACT ANALYSIS OF COVID-19 OUTBREAK
       5.1. Impact Analysis of Covid-19 Outbreak
           5.1.1. Direct Impact on Production
           5.1.2. Supply Chain and Market Disruption
           5.1.3. Financial Impact on Firms and Financial Markets
       5.2. COVID-19 Impact Analysis by Production, Import, Export and Demand
       5.3. Market: Pre V/S Post COVID-19
       5.4. Estimated Impact of the Coronavirus (COVID-19) Epidemic
       5.5. COVID-19: Micro and Macro Factor Analysis
 
6 . GLOBAL WELDING CONSUMABLES MARKET ANALYSIS BY PRODUCT
       6.1 Overview by Product
       6.2 Historical and Forecast Data
       6.3 Analysis by Product
       6.4 Stick Electrodes Market by Regions
       6.5 Solid Wires Market by Regions
       6.6 Flux-Cored Wires Market by Regions
       6.7 Saw Wires & Fluxes Market by Regions
       6.8 Others Market by Regions
 
7 . GLOBAL WELDING CONSUMABLES MARKET ANALYSIS BY APPLICATION
       7.1 Overview by Application
       7.2 Historical and Forecast Data
       7.3 Analysis by Application
       7.4 Automotive & Transportation Market by Regions
       7.5 Building & Construction Market by Regions
       7.6 Marine Market by Regions
       7.7 Power Market by Regions
       7.8 Oil & Gas Market by Regions
       7.9 Others Market by Regions
 
8 . GLOBAL WELDING CONSUMABLES MARKET ANALYSIS BY GEOGRAPHY
       8.1. Regional Outlook
       8.2. Introduction
       8.3. North America
           8.3.1. Overview, Historic and Forecast Data
           8.3.2. North America By Segment
           8.3.3. North America By Country
           8.3.4. United State
           8.3.5. Canada
           8.3.6. Mexico
       8.4. Europe
           8.4.1. Overview, Historic and Forecast Data
           8.4.2. Europe by Segment
           8.4.3. Europe by Country
           8.4.4. United Kingdom
           8.4.5. France
           8.4.6. Germany
           8.4.7. Italy
           8.4.8. Russia
           8.4.9. Rest Of Europe
       8.5. Asia Pacific
           8.5.1. Overview, Historic and Forecast Data
           8.5.2. Asia Pacific by Segment
           8.5.3. Asia Pacific by Country
           8.5.4. China
           8.5.5. India
           8.5.6. Japan
           8.5.7. South Korea
           8.5.8. Australia
           8.5.9. Rest Of Asia Pacific
       8.6. Latin America
           8.6.1. Overview, Historic and Forecast Data
           8.6.2. Latin America by Segment
           8.6.3. Latin America by Country
           8.6.4. Brazil
           8.6.5. Argentina
           8.6.6. Peru
           8.6.7. Chile
           8.6.8. Rest of Latin America
       8.7. Middle East & Africa
           8.7.1. Overview, Historic and Forecast Data
           8.7.2. Middle East & Africa by Segment
           8.7.3. Middle East & Africa by Country
           8.7.4. Saudi Arabia
           8.7.5. UAE
           8.7.6. Israel
           8.7.7. South Africa
           8.7.8. Rest Of Middle East And Africa
 
9 . COMPETITIVE LANDSCAPE OF THE WELDING CONSUMABLES COMPANIES
       9.1. Welding Consumables Market Competition
       9.2. Partnership/Collaboration/Agreement
       9.3. Merger And Acquisitions
       9.4. New Product Launch
       9.5. Other Developments
 
10 . COMPANY PROFILES OF WELDING CONSUMABLES INDUSTRY
       10.1. Company Share Analysis
       10.2. Market Concentration Rate
       10.3. Corodur Fülldraht GmbH
           10.3.1. Company Overview
           10.3.2. Financials
           10.3.3. Products
           10.3.4. Recent Developments
       10.4. Daihen Corporation
           10.4.1. Company Overview
           10.4.2. Financials
           10.4.3. Products
           10.4.4. Recent Developments
       10.5. The Lincoln Electric Company
           10.5.1. Company Overview
           10.5.2. Financials
           10.5.3. Products
           10.5.4. Recent Developments
       10.6. ESAB
           10.6.1. Company Overview
           10.6.2. Financials
           10.6.3. Products
           10.6.4. Recent Developments
       10.7. Tianjin Bridge Welding Materials Group Co., Ltd.
           10.7.1. Company Overview
           10.7.2. Financials
           10.7.3. Products
           10.7.4. Recent Developments
       10.8. Illinois Tool Works Inc.
           10.8.1. Company Overview
           10.8.2. Financials
           10.8.3. Products
           10.8.4. Recent Developments
       10.9. Air Liquide
           10.9.1. Company Overview
           10.9.2. Financials
           10.9.3. Products
           10.9.4. Recent Developments
       10.10. Voestalpine Böhler Welding Group GmbH
           10.10.1. Company Overview
           10.10.2. Financials
           10.10.3. Products
           10.10.4. Recent Developments
       10.11. Kiswel Inc.
           10.11.1. Company Overview
           10.11.2. Financials
           10.11.3. Products
           10.11.4. Recent Developments
       10.12. Kobe Steel, Ltd.
           10.12.1. Company Overview
           10.12.2. Financials
           10.12.3. Products
           10.12.4. Recent Developments
       10.13. Obara Group Inc.
           10.13.1. Company Overview
           10.13.2. Financials
           10.13.3. Products
           10.13.4. Recent Developments
       10.14. Promax Welding
           10.14.1. Company Overview
           10.14.2. Financials
           10.14.3. Products
           10.14.4. Recent Developments
       10.15. Royal Arc Electrodes Limited
           10.15.1. Company Overview
           10.15.2. Financials
           10.15.3. Products
           10.15.4. Recent Developments
       10.16. Vorarc Welding CC
           10.16.1. Company Overview
           10.16.2. Financials
           10.16.3. Products
           10.16.4. Recent Developments
 
 *Note - in company profiling, financial details and recent development are subject to availability or might not be covered in case of private companies
 
LIST OF TABLES

  • Market Snapshot
  • Drivers : Impact Analysis
  • Restraints : Impact Analysis
  • List of Raw Material
  • List of Raw Material Manufactures
  • List of Potential Buyers
  • COVID-19 Impact Analysis by Production, Import, Export and Demand
  • Pre V/S Post COVID-19
  • Estimated Impact Of The Coronavirus (Covid-19) Epidemic
  • COVID-19: Micro and Macro Factor Analysis
  • Analysis by Product (Kilo Tons and USD MN)
  • Stick Electrodes Market by Geography (Kilo Tons and USD MN)
  • Solid Wires Market by Geography (Kilo Tons and USD MN)
  • Flux-Cored Wires Market by Geography (Kilo Tons and USD MN)
  • Saw Wires & Fluxes Market by Geography (Kilo Tons and USD MN)
  • Others Market by Geography (Kilo Tons and USD MN)
  • Analysis Market by Application (Kilo Tons and USD MN)
  • Automotive & Transportation Market by Geography (Kilo Tons and USD MN)
  • Building & Construction Market by Geography (Kilo Tons and USD MN)
  • Marine Market by Geography (Kilo Tons and USD MN)
  • Power Market by Geography (Kilo Tons and USD MN)
  • Oil & Gas Market by Geography (Kilo Tons and USD MN)
  • Others Market by Geography (Kilo Tons and USD MN)
  • Global Welding Consumables Market by Geography (Kilo Tons and USD MN)
  • North America Market Analysis (Kilo Tons and USD MN)
  • United State Market Analysis (Kilo Tons and USD MN)
  • Canada Market Analysis (Kilo Tons and USD MN)
  • Mexico Market Analysis (Kilo Tons and USD MN)
  • Europe Market Analysis (Kilo Tons and USD MN)
  • Europe Market Estimate by Country (Kilo Tons and USD MN)
  • United Kingdom Market Analysis (Kilo Tons and USD MN)
  • France Market Analysis (Kilo Tons and USD MN)
  • Germany Market Analysis (Kilo Tons and USD MN)
  • Italy Market Analysis (Kilo Tons and USD MN)
  • Russia Market Analysis (Kilo Tons and USD MN)
  • Spain Market Analysis (Kilo Tons and USD MN)
  • Rest of Europe Market Analysis (Kilo Tons and USD MN)
  • Asia Pacific Market Analysis (Kilo Tons and USD MN)
  • China Market Analysis (Kilo Tons and USD MN)
  • Japan Market Analysis (Kilo Tons and USD MN)
  • India Market Analysis (Kilo Tons and USD MN)
  • South Korea Market Analysis (Kilo Tons and USD MN)
  • Australia Market Analysis (Kilo Tons and USD MN)
  • Rest of Asia Pacific Market Analysis (Kilo Tons and USD MN)
  • Latin America Market Analysis (Kilo Tons and USD MN)
  • Brazil Market Analysis (Kilo Tons and USD MN)
  • Argentina Market Analysis (Kilo Tons and USD MN)
  • Peru Market Analysis (Kilo Tons and USD MN)
  • Chile Market Analysis (Kilo Tons and USD MN)
  • Rest of Latin America Market Analysis (Kilo Tons and USD MN)
  • Middle East & Africa Market Analysis (Kilo Tons and USD MN)
  • Saudi Arabia Market Analysis (Kilo Tons and USD MN)
  • UAE Market Analysis (Kilo Tons and USD MN)
  • Israel Market Analysis (Kilo Tons and USD MN)
  • South Africa Market Analysis (Kilo Tons and USD MN)
  • Rest of Middle East and Africa Market Analysis (Kilo Tons and USD MN)
  • Partnership/Collaboration/Agreement
  • Mergers And Acquisiton
 
LIST OF FIGURES
 
  • Research Scope of Welding Consumables Report
  • Market Research Process
  • Market Research Methodology
  • Global Welding Consumables Market Size, by Region (Kilo Tons and USD MN)
  • Porters Five Forces Analysis
  • Market Attractiveness Analysis by Product
  • Market Attractiveness Analysis by Application
  • Market Attractiveness Analysis by Region
  • Value Chain Analysis
  • Global Market Analysis by Product (Kilo Tons and USD MN)
  • Stick Electrodes Market by Geography (Kilo Tons and USD MN)
  • Solid Wires Market by Geography (Kilo Tons and USD MN)
  • Flux-Cored Wires Market by Geography (Kilo Tons and USD MN)
  • Saw Wires & Fluxes Market by Geography (Kilo Tons and USD MN)
  • Others Market by Geography (Kilo Tons and USD MN)
  • Global Market Analysis by Application (Kilo Tons and USD MN)
  • Automotive & Transportation Market by Geography (Kilo Tons and USD MN)
  • Building & Construction Market by Geography (Kilo Tons and USD MN)
  • Marine Market by Geography (Kilo Tons and USD MN)
  • Power Market by Geography (Kilo Tons and USD MN)
  • Oil & Gas Market by Geography (Kilo Tons and USD MN)
  • Others Market by Geography (Kilo Tons and USD MN)
  • Global Market by Revenue
  • North America Market by Revenue
  • Europe Market by Revenue
  • Asia Pacific Market by Revenue
  • Latin America Market by Revenue
  • Middle East & Africa Market by Revenue
  • Recent Development in Industry
  • Company Market Share Analysis, 2020
 
* Kindly note that the above listed are the basic tables and figures of the report and are not limited to the TOC.

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