Welding Consumables Market Report 2025

This Welding Consumables report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography.

The welding consumables market size has grown strongly in recent years. It will grow from $16.82 billion in 2024 to $17.99 billion in 2025 at a compound annual growth rate (CAGR) of 7%. The growth in the historic period can be attributed to rise in industrialization, infrastructure development, increase in construction, manufacturing, and infrastructure development activities, multiple applications of welding technology, rise in automotive industry.

The welding consumables market size is expected to see strong growth in the next few years. It will grow to $24.32 billion in 2029 at a compound annual growth rate (CAGR) of 7.8%. The growth in the forecast period can be attributed to expansion ofThe electric vehicle industry, lightweight materials, digitalization and industry 4.0, growth of the renewable energy sector, infrastructure upgradation. Major trends in the forecast period include laser and electron beam welding, digital welding management, automation and robotics, environmentally friendly consumables, rise in investment in research and development.

The expansion of the construction industry is significantly boosting the welding consumables market. This industry primarily focuses on building and repairing structures, with welding playing a crucial role in the creation of structural frameworks from metal components. Welding is commonly used to connect steel I-beams, trusses, columns, and footers, which are essential for supporting the walls, roof, and floors of a building. For instance, in June 2023, Construction Digital, a UK-based company that connects various construction brands, reported that the UK construction industry is projected to grow by 12% in 2024, followed by an additional 3% increase in 2025. Consequently, the growth of the construction industry is driving the expansion of the welding consumables market.

The anticipated rise in the automotive industry is poised to further boost the welding consumables market. Welding is an integral process in automotive manufacturing, employed for joining various components such as chassis, body structures, and exhaust systems. In 2022, the global production of motor vehicles reached 85.4 million units, marking a 5.7% increase from 2021, according to the European Automobile Manufacturers Association. As the automotive industry continues to expand, the demand for welding consumables is expected to follow suit, making a significant contribution to market growth.

Major companies in the welding consumables market are focusing on developing new welding wires and electrodes to secure a competitive advantage. Innovations in welding consumables involve creating new and enhanced materials, designs, and technologies that improve efficiency, quality, and safety in welding processes. For example, in April 2023, Kemppi, a Finnish manufacturing company, launched the AX MIG Welder machine. This welder features optimized ignition and precise seam tracking, which ensures consistent, high-quality welds. For challenging materials, users can utilize Wise arc performance processes to increase speed, reduce heat input, and guarantee proper penetration. The AX MIG Welder is designed to be operated with basic welding knowledge, and its machine controls, along with real-time performance data, can be accessed via a browser on a laptop or mobile device. Furthermore, the user interface can be integrated into an existing control system for enhanced convenience.

Major companies in the welding consumables market are introducing new products, such as mechanized orbital systems, to improve efficiency and precision in welding applications across various industries. A mechanized orbital system is an advanced welding solution primarily used for the automated welding of pipes, tubes, or cylindrical structures. For example, in January 2024, Lincoln Electric Holdings, Inc., a US-based welding manufacturer, launched the Mechanized Pipeliner AutoShield. This AutoShield is designed to handle fill and cap passes without requiring shielding gas, utilizing a mechanized orbital system that enhances efficiency and performance in challenging welding conditions. It is particularly well-suited for rugged terrain and tie-in applications, allowing contractors to automate their welding processes while addressing the logistical challenges associated with traditional gas-shielded methods. Additionally, the AutoShield is effective for shorter jobs that demand increased productivity without the need for a complete gas-shielded setup, making it a versatile solution for various welding tasks.

In April 2023, Welding Alloys Group, a UK-based manufacturer of welding consumables, acquired Premier Technical Ltd for an undisclosed sum. This acquisition aims to enhance Welding Alloys' presence in the UK market and improve customer service by expanding its portfolio to better cater to industries such as mining, cement, power generation, and steelmaking. Premier Technical Ltd is a UK-based company that specializes in providing welding equipment.

Major companies operating in the welding consumables market include 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 2024. The regions covered in the welding consumables industry report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. The countries covered in the welding consumables market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

Welding consumables refer to materials utilized in the creation or protection of a weld. They play a crucial role in joining thermoplastics and metals through the process of coalescence. These consumables find application in various industries to produce final products. When a welding consumable is employed, it generates a fume composition containing 14% chromium as Cr (III), and it is intentionally overalloyed with 2-4% Ni to promote the formation of austenite in the weld metal and maintain phase balance.

The primary types of welding consumables include stick electrodes, solid wires, flux-cored wires, saw wires, and fluxes. Stick electrodes, known for their high depth of penetration, can penetrate through corrosion, oil, paint, and dirt. Skilled pipe welders often use these all-position electrodes for root welding passes on pipes. Various types of consumables encompass stick electrodes, gases, strip cladding electrodes, submerged arc wires and fluxes, wires, and other consumables, involving diverse welding techniques such as arc welding, energy beam welding, plasma arc welding, submerged arc welding, electro slag welding, resistance welding, and other welding methods. These consumables find applications in heavy engineering, automotive and transportation, railways, construction, shipbuilding, and various other industrial sectors.

The welding consumables market research report is one of a series of new reports that provides welding consumables market statistics, including welding consumables industry global market size, regional shares, competitors with a welding consumables market share, detailed welding consumables market segments, market trends and opportunities, and any further data you may need to thrive in the welding consumables industry. This welding consumables market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

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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