Global Welding Materials Market, By Type (Electrode and Fillers, Fluxes and Wires, Gases), Technology (Arc Welding, Resistance Welding, Oxy-Fuel Welding), End-Use Industry (Automotive and Transportation, Building and Construction, Marine, Oil and Gas) – Industry Trends and Forecast to 2030.
Welding Materials Market Analysis and Size
Welding is a fabrication process whereby two or more parts are fused using heat, pressure, or both forming a join as the parts cool. Welding is usually used on metals and thermoplastics but can also be used on wood. Welding is widely used in the transportation industry.
Data Bridge Market Research analyses that the welding materials market, which was USD 15.04 billion in 2021, would rocket up to USD 22.73 billion by 2030, and is expected to undergo a CAGR of 5.30% during the forecast period. "Arc welding" dominates the technology segment as it has high heat concentration during welding, producing electricity between the electrode and base material. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include depth expert analysis, pipeline analysis, pricing analysis, and regulatory framework.
Welding Materials Market Scope and Segmentation
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Report Metric
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Details
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Forecast Period
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2023 to 2030
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Base Year
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2022
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Historic Years
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2021 (Customizable to 2015-2020)
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Quantitative Units
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Revenue in USD Million, Volumes in Units, Pricing in USD
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Segments Covered
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By Type (Electrode and Fillers, Fluxes and Wires, Gases), Technology (Arc Welding, Resistance Welding, Oxy-Fuel Welding), End-Use Industry (Automotive and Transportation, Building and Construction, Marine, Oil and Gas)
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Countries Covered
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(U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa.
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Market Players Covered
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Ador Welding Ltd (India), Air Liquide (Paris), Air Products and Chemicals, Inc (U.S.), Colfax Corporation (Maryland) , Illinois Tool Works Inc. (U.S.)
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Market Opportunities
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Market Definition
Welding materials refer to the cloth or woven fabric produced by spinning raw fibers into long and twisted lengths. It can also be defined as any material of interlacing fibers, including carpet, shirts, and others. It has widespread usage in different industries such as transportation and automobile.
Welding Materials Market Dynamics
Driver
- Increase demand from end-use industries.
The widespread usage of welding materials across key end-use industries such as transportation, automobiles, and others contribute to market growthThe automotive sector is a significant driver for the welding material market. Welding materials are extensively used to manufacture and assemble automotive components, such as body frames, exhaust systems, and engine components. The demand for lightweight and high-strength materials in automobiles, such as aluminum and advanced high-strength steel, further fuels the need for welding materials. The automotive industry's advancement caters to customers' demand for welding materials.
Opportunity
- Increasing prevalence of improved infrastructure
The increasing prevalence of improved infrastructure, and surging investment by market players for the development of advanced and technical products will further bring various opportunities for the growth of the Welding Materials market for the market players in the forecast period of 2023 to 2030.
Restraint/Challenge
Lack of availability of skilled welders on the factory floor acted as a restraint to the global market growth for welding materials. In addition, they were increasing health problems and safety issues are projected to challenge the market in the forecast period of 2023-2030.
This welding materials market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, the impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the welding materials market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Recent Development
- In 2020, Voestalpine Bohler Welding acquired Selco s.r.l. to make a strategic development to better serve its customers and gain profitable business
- In 2019, Lincoln Electric agreed with Kaynak Teknigi Sanayi ve Ticaret A.S. Company to strengthen its current product portfolio and advance Lincoln Electric's regional growth strategy
Global Welding Materials Market Scope
The welding materials market is segmented on the basis of type, technology, and end-use. The growth amongst these segments will help you analyse meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Type
- Electrode and Fillers
- Fluxes and Wires
- Gases
Technology
- ARC Welding
- Resistance Welding
- Oxy-Fuel Welding
End-Use
- Automotive and Transportation
- Building and Construction
- Marine
- Oil and Gas
Welding Materials Market Regional Analysis/Insights
The welding materials market is analyzed and market size insights and trends are provided by country, type, technology, and end-use as referenced above.
The countries covered in the welding materials market report are U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa.
Asia-Pacific dominates the welding materials market due to the increasing share of India and China in raising more construction activities in residential and commercial along with the rising transportation sector.
North America is expected to grow significantly from 2023 to 2030 because of the rising demand for welding materials in the transportation industry.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Welding Materials Market Share Analysis
The welding materials market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to the market.
Some of the major players operating in the welding materials market are:
- Ador Welding Ltd (India)
- Air Liquide (Paris)
- Air Products and Chemicals, Inc (U.S.)
- Colfax Corporation (Maryland)
- Illinois Tool Works Inc. (U.S.)
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