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    Welding Materials Market Report

    Welding Materials Market Report
    Report code - SR2831 Delivery - 2 Weeks
    Welding Materials Market Size, Share, Trend, Forecast, Competitive Analysis, and Growth Op See more...

    Market Highlights

    The welding materials are a range of consumables and equipment used in various welding processes across industries such as automotive, construction, manufacturing, and aerospace. These materials include welding electrodes, wires, fluxes, gases, rods, and related equipment like welding machines, torches, and protective gear. They involve technologies for different welding methods like arc welding, gas welding, laser welding, and resistance welding.

    The COVID-19 pandemic has had a mixed impact on the welding materials market. Initially, the market experienced disruptions in the supply chain and production due to lockdowns and restrictions on movement. This led to a temporary slowdown in the market as construction and manufacturing activities were halted or limited in many regions. The welding materials market gradually recovered. The market saw increased demand for welding materials in sectors such as healthcare, pharmaceuticals, and infrastructure development, driven by the need for essential facilities and medical infrastructure. Overall, the welding materials market is likely to grow at a promising CAGR of 4.7%.

    Market Segment Analysis

    Segmentations

    List of Sub-Segments

    Dominant and Fastest-Growing Segments

    By-Type Analysis

    Electrodes & Filler Materials, Fluxes & Wires, and Gases

    Electrode & Filler materials are anticipated to remain the largest segment for welding materials in the years to come.

    Technology Analysis

    Arc, Resistance, Oxy-Fuel Welding, and others

    Arc welding is widely used in various industries and will be the largest segment in the coming years.

    End-use Industry Analysis

    Transportation, Building & Construction, Heavy Industries

    Building & Construction industry seems to be the biggest demand generator in the coming years.

    Regional Analysis

    North America, Europe, Asia-Pacific, and The Rest of the World

    Asia-Pacific region is expected to continue experiencing robust growth in the welding materials market in the coming years.

     

    Based on the material type, the biggest demand generator in the welding materials market is electrodes & filler materials. These materials are essential for various welding processes and are widely used across industries such as automotive, construction, manufacturing, and infrastructure development. The need for high-quality electrodes and filler materials to ensure strong and durable welds makes them the biggest demand generator in the welding materials market.

    Based on the technology type, Arc welding technology is currently dominating the welding materials market. This technology is a demand generator across various industries due to its versatility, efficiency, and ability to weld a wide range of materials. The development of advanced arc welding technologies, such as robotic welding systems and advanced power sources, has further solidified its dominance in the market.

    Based on the end-use Industry type the building and construction sector drives significant demand for welding materials due to ongoing infrastructure development, including the construction of bridges, roads, commercial and residential buildings, and other structures. They have a wide range of construction applications, from structural steelwork to architectural metalwork, reinforcing its dominant position in the market. Rapid urbanization in many parts of the world has led to increased construction activities, further boosting the demand for welding materials.

    In terms of regions, Asia-Pacific is expected to remain the largest market for welding materials during the forecast period. Countries like China, India, Japan, and South Korea have seen tremendous industrial and economic growth in recent decades. This has driven huge demand for welding materials in sectors like construction, manufacturing, automotive, etc. With growing economies, countries like India, Indonesia, Vietnam, etc. are industrializing fast. Their expanding industrial sectors and construction needs create new welding material opportunities.

    Key Players

    The following are the key players in the welding materials market

    • Air Liquide S.A
    • Linde Plc
    • Kobe Steel (KOBELCO)
    • Illinois Tool Works Inc.
    • Air Products & Chemicals Inc.
    • Lincoln Electric Holdings

    Research Methodology

    This strategic assessment report from Stratview Research provides a comprehensive analysis that reflects today’s welding materials market realities and future market possibilities for the forecast period. The report segments and analyzes the market in the most detailed manner in order to provide a panoramic view of the market. The vital data/information provided in the report can play a crucial role for market participants as well as investors in the identification of the low-hanging fruits available in the market as well as to formulate the growth strategies to expedite their growth process.

    This report offers high-quality insights and is the outcome of a detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders, and validation and triangulation with Stratview Research’s internal database and statistical tools. More than 1,000 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles, have been leveraged to gather the data. We conducted more than 15 detailed primary interviews with market players across the value chain in all four regions and industry experts to obtain both qualitative and quantitative insights.

    Report Features

    This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into market dynamics and will enable strategic decision-making for existing market players as well as those willing to enter the market. The following are the key features of the report:

    • Market structure: Overview, industry life cycle analysis, supply chain analysis
    • Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
    • Market trend and forecast analysis.
    • Market segment trend and forecast.
    • Competitive landscape and dynamics: Market share, Product portfolio, New Product Launches, etc.
    • COVID-19 impact and its recovery curve.
    • Attractive market segments and associated growth opportunities
    • Emerging trends
    • Strategic growth opportunities for existing and new players
    • Key success factors

    The welding materials market is segmented into the following categories. 

    Welding Materials Market, by Type

    • Electrodes & Filler Materials (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Fluxes & Wires (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Gases (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

    Welding Materials Market, by Technology Type

    • Arc (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Resistance (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Oxy-Fuel Welding (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Others (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

    Welding Materials Market, by End-use Industry Type

    • Transportation (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Building & Construction (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Heavy Industries (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • others (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

    Welding Materials Market, by Region

    • North America (Country Analysis: The USA, Canada, and Mexico)
    • Europe (Country Analysis: Germany, France, The UK, Russia, and The Rest of Europe)
    • Asia-Pacific (Country Analysis: Japan, China, India, and The Rest of Asia-Pacific)
    • Rest of the World (Country Analysis: Brazil, Saudi Arabia, and Others)

    Report Customization Options

    With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:

    Company Profiling

    • Detailed profiling of additional market players (up to three players)
    • SWOT analysis of key players (up to three players)

    Competitive Benchmarking

    • Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances

    Custom Research: Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry to sales@stratviewresearch.com

    Frequently Asked Questions

    The welding materials market is estimated to grow at a CAGR of 4.7% by 2030, driven by growth in the automotive industry, infrastructure development, and maintenance needs in the construction industry, and the adoption of modern welding technologies is high among Asian manufacturers in the manufacturing industry.

    Air Liquide S.A, Linde Plc, Kobe Steel (KOBELCO)., Illinois Tool Works Inc., Air Products & Chemicals Inc., Lincoln Electric Holdings, Ador Welding Limited, Colfax Corporation, Tianjin Bridge Welding Materials Group Co. Ltd., and Other Players are the leading players in the welding materials market.

    Asia-Pacific is estimated to remain dominant in the welding materials market in the foreseeable future due to the rapid industrialization and infrastructure development in countries such as China, India, and South Korea, which has led to a significant increase in the demand for welding products and services.

    In the coming years, welding consumables such as electrodes & filler materials are estimated to be dominant in the welding material market. These consumables are essential for various welding processes and are expected to experience significant demand due to the growth in industries such as automotive, construction, and manufacturing. Additionally, the application of welding consumables in infrastructure development and repair activities is also expected to contribute to their dominance in the market.