Welding Consumables Market Report 2026

The welding consumables market size has grown strongly in recent years. It will grow from $17.69 billion in 2025 to $18.99 billion in 2026 at a compound annual growth rate (CAGR) of 7.4%. The growth in the historic period can be attributed to growth of construction and infrastructure projects, expansion of automotive manufacturing, rising shipbuilding activities, increasing industrial fabrication demand, growth of heavy engineering sector.

The welding consumables market size is expected to see strong growth in the next few years. It will grow to $25.21 billion in 2030 at a compound annual growth rate (CAGR) of 7.3%. The growth in the forecast period can be attributed to expansion of renewable energy infrastructure, growth of electric vehicle production, increasing automation in welding processes, demand for high strength materials, rising investments in rail and transport projects. Major trends in the forecast period include growing demand for high performance welding electrodes, increasing adoption of flux cored wires, rising use of automated and robotic welding, expansion of welding consumables in infrastructure projects, higher focus on low fume and eco friendly consumables.

The growth of the construction industry is contributing to the expansion of the welding consumables market. The construction sector primarily involves building and repairing structures, and welding plays a crucial role in forming structural frameworks from metal components. It is widely used to connect steel I-beams, trusses, columns, and footers, which provide support for walls, roofs, and floors. For example, in June 2023, Construction Digital, a UK-based company connecting construction brands, reported that the construction industry in the UK is expected to grow by 12% in 2024, followed by an additional 3% increase in 2025. Therefore, the expansion of the construction industry is driving the growth of the welding consumables market.

Major companies in the welding consumables market are developing new products, such as mechanized orbital systems, to improve efficiency and precision in welding operations across various industries. A mechanized orbital system is an advanced welding solution commonly used for automated welding of pipes, tubes, and other cylindrical structures. For instance, in January 2024, Lincoln Electric Holdings, Inc., a US-based welding manufacturing company, introduced the Mechanized Pipeliner AutoShield. This system performs fill and cap passes without the need for shielding gas, relying on a mechanized orbital design that enhances efficiency and performance in challenging welding environments. It is particularly well-suited for rugged terrain and tie-in applications, helping contractors automate welding tasks while overcoming logistical challenges associated with traditional gas-shielded methods. Additionally, it supports shorter, high-productivity jobs without requiring a complete gas-shielded setup, making it a versatile solution for various welding needs.

In April 2023, Welding Alloys Group, a UK-based manufacturer of welding consumables, acquired Premier Technical Ltd for an undisclosed amount. The acquisition aims to expand and strengthen Welding Alloys Group’s presence in the UK market by broadening its product portfolio to better serve industries such as mining, cement, power generation, and steelmaking. Premier Technical Ltd is a UK-based provider of welding equipment.

Major companies operating in the welding consumables market are Lincoln Electric Holdings Inc., Illinois Tool Works Inc, Air Liquide S.A., Hyundai Welding Co Ltd., WB Alloy Welding Products Limited, Hermann Fliess & Co. Gmbh, Voestalpine Ag, FSH Welding Group, Industrial Welding Corporation, Gedik Welding Inc., Italfil Spa, Precision Weldarc Limited, Welmet Technologies Private Limited, Yenitek Corporate Group, ESAB Welding & Cutting Products, The Harris Products Group, Kobe Steel Ltd., Ador Welding Limited, TATA Steel Company, Fronius International GmbH, Hilarius Haarlem Holland B.V., Welding Alloys Group, Walter Surface Technologies, Cor-Met Inc., Select-Arc Inc., AMPCO METAL S.A., Techalloy Company Inc., SAN-ARC Inc., Alcotec Wire Corporation, Washington Alloy Company Inc., D&H Sécheron Electrodes Pvt. Ltd.

Asia-Pacific was the largest region in the welding consumables market in 2025. The regions covered in the welding consumables market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the welding consumables market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The welding consumables market consists of sales of stick electrodes, solid wires, flux-cored wires, SAW wires, fluxes. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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