Product Code: CH 4247
The welding materials market is projected to grow from USD 18.86 billion in 2025 to USD 22.53 billion by 2030, at a CAGR of 3.62% during the forecast period. The increase in spending in the building and construction sector, advancements in manufacturing industries, and the growth of repair and maintenance activities are expected to drive the demand for welding materials.
Scope of the Report |
Years Considered for the Study | 2021-2030 |
Base Year | 2024 |
Forecast Period | 2025-2030 |
Units Considered | Value (USD Million/USD Billion) |
Segments | Type, Technology, End-use industry, and Region |
Regions covered | Asia Pacific, North America, Europe, Middle East & Africa, and South America |
The rise in residential construction and the renovation or rebuilding of existing infrastructure will likely push the welding materials market. However, the market faces challenges related to its environmental impact. The environmental effects of welding materials include their production, use, and disposal, affecting air quality, resource consumption, and waste management.
"Arc welding technology segment to lead market during forecast period"
Arc welding is expected to be the largest segment in the welding materials market during the forecast period. This method benefits from a high concentration of heat during the welding process, where an electric arc forms between the electrode and base materials, melting the metals. The consistent metal deposition, excellent corrosion resistance, and high impact toughness also contribute to its status as a leading welding technology. Arc welding is also preferred in the welding industry due to its affordability and versatility across various metal surfaces. These advantages explain why arc welding remains a popular choice in welding materials for industries that require reliable, strong, and efficient metal joining.
"Electrodes and filler materials to be largest segment during forecast period"
Electrodes and filler materials are primarily used in welding because they are essential for creating strong, durable, and high-quality welded joints. They can be employed across a wide range of welding methods and applications. Welding electrodes serve as the conduit that conducts electricity from the electrode holder to the metal surface being joined. They also supply the necessary filler material during welding. Filler materials are consumables used to fill gaps that may form during welding. These gaps typically occur when two metal pieces are joined, and filling them enhances the strength and functionality of the welded assembly.
"Heavy industries segment to hold second-largest share during forecast period"
Heavy industries are expected to be the second-largest segment of the welding materials market. Heavy industries use welding extensively because welding is critical for fabricating, assembling, and maintaining heavy-duty equipment and structures requiring strong, durable, and high-integrity joints. Sectors like shipbuilding, oil & gas, mining, railways, and heavy machinery manufacture work with thick, high-strength steel plates and complex assemblies requiring substantial welding consumables such as electrodes, fluxes, and filler wires.
"Asia Pacific welding materials market to record highest CAGR during forecast period"
The welding materials market in Asia Pacific is expanding due to rapid industrial development, infrastructure projects, and manufacturing growth. Countries like China and India are investing heavily in transportation systems, urban housing, power plants, ports, and industrial zones. Large construction and infrastructure projects require extensive welding for steel structures, pipelines, and components, boosting the demand for electrodes, wires, and fluxes. Asia Pacific also hosts major automotive manufacturing hubs in China, Japan, India, South Korea, and Thailand, along with key centers for appliances and machinery. These industries depend on automated and manual welding methods, which consume considerable materials. Furthermore, countries are ramping up their production abilities in heavy machinery and rail manufacturing.
By Company Type: Tier 1: 25%, Tier 2: 42%, and Tier 3: 33%
By Designation: C-level Executives: 20%, Directors: 30%, and Other Designations: 50%
By Region: North America: 20%, Europe: 10%, Asia Pacific: 40%, South America: 10%, and Middle East & Africa 20%
Notes: Other designations include sales, marketing, and product managers.
Tier 1: >USD 1 Billion; Tier 2: USD 500 million-1 Billion; and Tier 3: <USD 500 million
Companies Covered: Air Liquide (France), Air Products Inc. (US), ESAB (US), Illinois Tool Works Inc. (US), Linde plc (Germany), Lincoln Electric Holdings, Inc. (US), Ador Welding (India), Tianjin Bridge Welding Materials Group Co., Ltd. (China), Kobe Steel, Ltd. (Japan), and voestalpine AG (Austria) among others.
The study includes an in-depth competitive analysis of these key players in the welding materials market, with their company profiles, recent developments, and key market strategies.
Research Coverage
This research report categorizes the welding materials market by type (electrode & filler materials, gases, fluxes & wires), technology (arc welding, resistant welding, oxy fuel welding, other technologies), end-use industry (transportation, heavy industries, building & construction, and other end-use industries), and region (Asia Pacific, North America, Europe, South America, and Middle East & Africa). The report's scope includes detailed information on the drivers, restraints, challenges, and opportunities affecting the growth of the welding materials market. A thorough analysis of key industry players provides insights into their business profiles, products offered, and key strategies such as partnerships, agreements, product launches, expansions, and acquisitions in the welding materials market. This report also features a competitive analysis of emerging startups within the welding materials ecosystem.
Reasons to Buy Report
The report provides market leaders and new entrants with approximate revenue figures for the overall welding materials market and its subsegments. It helps stakeholders understand the competitive landscape, gain insights into positioning their businesses better, and develop appropriate go-to-market strategies. Additionally, the report offers information on key market drivers, restraints, challenges, and opportunities to help stakeholders grasp the market's pulse.
The report provides insights into the following points:
- Analysis of key drivers (increasing demand from end-use industries, and long-term growth in emerging markets and investments in energy infrastructure), restraints (environmental impact of welding materials), opportunities (growth prospects in developing economies, and new and advanced applications), and challenges (shortage and high labor costs).
- Product Development/Innovation: Detailed insights into upcoming technologies, research & development activities, and product & service launches in the welding materials market.
- Market Development: Comprehensive information about profitable markets - the report analyzes the welding materials market across varied regions.
Market Diversification: Exhaustive information about new products & services, untapped geographies, recent developments, and investments in the welding materials market.
- Competitive Assessment: In-depth assessment of market shares, growth strategies, and offerings of leading players such as Air Liquide (France), Air Products Inc. (US), ESAB (US), Illinois Tool Works Inc. (US), Linde plc (Germany), Lincoln Electric Holdings, Inc. (US), Ador Welding (India), Tianjin Bridge Welding Materials Group Co., Ltd. (China), Kobe Steel, Ltd. (Japan), and voestalpine AG (Austria).
TABLE OF CONTENTS
1 INTRODUCTION
- 1.1 STUDY OBJECTIVES
- 1.2 MARKET DEFINITION
- 1.3 MARKET SCOPE
- 1.3.1 MARKETS COVERED AND REGIONAL SCOPE
- 1.3.2 YEARS CONSIDERED
- 1.3.3 INCLUSIONS & EXCLUSIONS
- 1.3.4 CURRENCY CONSIDERED
- 1.4 LIMITATIONS
- 1.5 STAKEHOLDERS
- 1.6 SUMMARY OF CHANGES
2 RESEARCH METHODOLOGY
- 2.1 RESEARCH DATA
- 2.1.1 SECONDARY DATA
- 2.1.1.1 Key data from secondary sources
- 2.1.2 PRIMARY DATA
- 2.1.2.1 Key data from primary sources
- 2.1.2.2 Key market insights
- 2.2 MARKET SIZE ESTIMATION
- 2.3 DATA TRIANGULATION
- 2.4 RESEARCH ASSUMPTIONS
- 2.5 RISK ASSESSMENT
- 2.6 GROWTH RATE ASSUMPTIONS
3 EXECUTIVE SUMMARY
4 PREMIUM INSIGHTS
- 4.1 ATTRACTIVE OPPORTUNITIES FOR PLAYERS IN WELDING MATERIALS MARKET
- 4.2 WELDING MATERIALS MARKET, BY REGION AND TYPE, 2024
- 4.3 WELDING MATERIALS MARKET, BY COUNTRY
5 MARKET OVERVIEW
- 5.1 INTRODUCTION
- 5.2 MARKET DYNAMICS
- 5.2.1 DRIVERS
- 5.2.1.1 Growing construction and automotive industries
- 5.2.1.2 Rising demand for energy and growing investments in renewable energy in emerging markets
- 5.2.2 RESTRAINTS
- 5.2.2.1 Environmental impact of welding materials
- 5.2.3 OPPORTUNITIES
- 5.2.3.1 Growth prospects in emerging economies
- 5.2.3.2 New and advanced applications
- 5.2.4 CHALLENGES
- 5.2.4.1 Shortage of skilled labor and high labor cost
- 5.3 INDUSTRY TRENDS
- 5.4 TRENDS/DISRUPTIONS IMPACTING CUSTOMER BUSINESS
- 5.5 PRICING ANALYSIS
- 5.6 VALUE CHAIN ANALYSIS
- 5.7 ECOSYSTEM ANALYSIS
- 5.8 TECHNOLOGY ANALYSIS
- 5.8.1 KEY TECHNOLOGIES
- 5.8.1.1 Advanced filler materials
- 5.8.1.2 Shielding gas innovations
- 5.8.2 COMPLEMENTARY TECHNOLOGIES
- 5.8.2.1 Welding automation & robotics
- 5.8.2.2 Weld imperfection detections
- 5.8.3 ADJACENT TECHNOLOGIES
- 5.8.3.1 Additive manufacturing
- 5.8.3.2 Surface coating technologies
- 5.9 IMPACT OF GEN AI ON WELDING MATERIALS MARKET
- 5.10 PATENT ANALYSIS
- 5.10.1 INTRODUCTION
- 5.10.2 METHODOLOGY
- 5.11 TRADE ANALYSIS
- 5.11.1 EXPORT SCENARIO (HS CODE 3811)
- 5.11.2 IMPORT SCENARIO (HS CODE 3811)
- 5.12 KEY CONFERENCES AND EVENTS, 2025-2026
- 5.13 REGULATORY LANDSCAPE AND FRAMEWORK
- 5.13.1 REGULATORY LANDSCAPE
- 5.13.1.1 Regulatory bodies, government agencies, and other organizations
- 5.13.2 REGULATORY FRAMEWORK
- 5.13.2.1 AWS A5 series
- 5.13.2.2 ISO 2560:2020
- 5.13.2.3 ISO 14341:2020
- 5.14 PORTER'S FIVE FORCES ANALYSIS
- 5.14.1 THREAT OF NEW ENTRANTS
- 5.14.2 THREAT OF SUBSTITUTES
- 5.14.3 BARGAINING POWER OF SUPPLIERS
- 5.14.4 BARGAINING POWER OF BUYERS
- 5.14.5 INTENSITY OF COMPETITIVE RIVALRY
- 5.15 KEY STAKEHOLDERS AND BUYING CRITERIA
- 5.15.1 KEY STAKEHOLDERS IN BUYING PROCESS
- 5.15.2 BUYING CRITERIA
- 5.16 CASE STUDY ANALYSIS
- 5.17 MACROECONOMIC ANALYSIS
- 5.17.1 INTRODUCTION
- 5.17.2 GDP TRENDS AND FORECASTS
- 5.18 INVESTMENT AND FUNDING SCENARIO
- 5.19 IMPACT OF 2025 US TARIFF ON WELDING MATERIALS MARKET
- 5.19.1 INTRODUCTION
- 5.19.2 KEY TARIFF RATES
- 5.19.3 PRICE IMPACT ANALYSIS
- 5.19.4 IMPACT ON COUNTRY/REGION
6 WELDING MATERIALS MARKET, BY TECHNOLOGY
- 6.1 INTRODUCTION
- 6.2 ARC WELDING
- 6.2.1 UNIFORMITY IN METAL DEPOSITION, GOOD CORROSION AND HIGH IMPACT RESISTANCE TO DRIVE MARKET
- 6.3 RESISTANCE WELDING
- 6.3.1 DEMAND FOR LONG PRODUCTION RUNS AND CONSISTENT CONDITIONS TO BOOST GROWTH
- 6.4 OXY-FUEL WELDING
- 6.4.1 PORTABILITY AND WELDING NON-FERROUS AND FERROUS METALS TO PROPEL MARKET
- 6.5 OTHER TECHNOLOGIES
7 WELDING MATERIALS MARKET, BY TYPE
- 7.1 INTRODUCTION
- 7.2 ELECTRODES & FILLER MATERIALS
- 7.2.1 ECONOMICAL AND WIDE APPLICABILITY TO FUEL MARKET GROWTH
- 7.3 FLUXES & WIRES
- 7.3.1 HIGH DEPOSITION RATE, FLEXIBILITY, AND USE IN EXTERNAL ENVIRONMENTS TO SUPPORT GROWTH
- 7.4 GASES
- 7.4.1 USE WITH OR WITHOUT PRESSURE AND PROTECTION OF MOLTEN METALS FROM CONTAMINATION AND OXIDATION TO DRIVE MARKET
8 WELDING MATERIALS MARKET, BY END-USE INDUSTRY
- 8.1 INTRODUCTION
- 8.2 TRANSPORTATION
- 8.2.1 INCREASING SALES OF ELECTRIC VEHICLES TO BOOST MARKET
- 8.3 HEAVY INDUSTRIES
- 8.3.1 DEMAND FOR REPAIRING SHIPS, PIPELINES, AND OFFSHORE OIL PLATFORMS TO DRIVE GROWTH
- 8.4 BUILDING & CONSTRUCTION
- 8.4.1 RISING CONSTRUCTION ACTIVITIES IN EMERGING ECONOMIES TO BOOST MARKET
- 8.5 OTHER END-USE INDUSTRIES
9 WELDING MATERIALS MARKET, BY REGION
- 9.1 INTRODUCTION
- 9.2 ASIA PACIFIC
- 9.2.1 CHINA
- 9.2.1.1 High demand from infrastructure, aerospace & defense, automobile, and marine industries to fuel market
- 9.2.2 JAPAN
- 9.2.2.1 Innovations in transportation industry to boost market
- 9.2.3 INDIA
- 9.2.3.1 Rising demand from automobile and construction sectors to drive market
- 9.2.4 INDONESIA
- 9.2.4.1 Growing population to boost demand in construction sector
- 9.2.5 REST OF ASIA PACIFIC
- 9.3 NORTH AMERICA
- 9.3.1 US
- 9.3.1.1 Significant oil & gas production to propel market
- 9.3.2 CANADA
- 9.3.2.1 Large automobile industry to offer opportunities for growth
- 9.3.3 MEXICO
- 9.3.3.1 Increasing demand from OEMs and automotive industry to boost growth
- 9.4 EUROPE
- 9.4.1 GERMANY
- 9.4.1.1 Rising installation of wind turbines and investments in automobile production facilities to propel growth
- 9.4.2 UK
- 9.4.2.1 Growth of automotive industry to offer lucrative opportunities
- 9.4.3 FRANCE
- 9.4.3.1 Increasing foreign investments in various end-use industries to drive market
- 9.4.4 RUSSIA
- 9.4.4.1 Rise in public and private construction projects to support growth
- 9.4.5 NETHERLANDS
- 9.4.5.1 Growth of manufacturing sector to contribute to demand
- 9.4.6 ITALY
- 9.4.6.1 Vast construction industry to favor growth
- 9.4.7 REST OF EUROPE
- 9.5 MIDDLE EAST & AFRICA
- 9.5.1 GCC COUNTRIES
- 9.5.1.1 Saudi Arabia
- 9.5.1.1.1 Increasing government investments in public infrastructure-related projects to support market growth
- 9.5.1.2 UAE
- 9.5.1.2.1 Operation 300bn to boost market growth
- 9.5.1.3 Rest of GCC countries
- 9.5.2 SOUTH AFRICA
- 9.5.2.1 Growing automotive sector to boost market
- 9.5.3 REST OF MIDDLE EAST & AFRICA
- 9.6 SOUTH AMERICA
- 9.6.1 BRAZIL
- 9.6.1.1 Economic development, industrialization, and urbanization to drive market
- 9.6.2 ARGENTINA
- 9.6.2.1 Government focus on automotive industry to propel market
- 9.6.3 REST OF SOUTH AMERICA
10 COMPETITIVE LANDSCAPE
- 10.1 OVERVIEW
- 10.2 KEY PLAYER STRATEGIES/RIGHT TO WIN
- 10.3 MARKET SHARE ANALYSIS
- 10.4 REVENUE ANALYSIS
- 10.5 COMPANY VALUATION AND FINANCIAL METRICS
- 10.6 PRODUCT/BRAND COMPARISON
- 10.7 COMPANY EVALUATION MATRIX: KEY PLAYERS, 2024
- 10.7.1 STARS
- 10.7.2 EMERGING LEADERS
- 10.7.3 PERVASIVE PLAYERS
- 10.7.4 PARTICIPANTS
- 10.7.5 COMPANY FOOTPRINT: KEY PLAYERS, 2024
- 10.7.5.1 Company footprint
- 10.7.5.2 Region footprint
- 10.7.5.3 End-use industry footprint
- 10.7.5.4 Type footprint
- 10.7.5.5 Technology footprint
- 10.8 COMPANY EVALUATION MATRIX: STARTUPS/SMES, 2024
- 10.8.1 PROGRESSIVE COMPANIES
- 10.8.2 RESPONSIVE COMPANIES
- 10.8.3 DYNAMIC COMPANIES
- 10.8.4 STARTING BLOCKS
- 10.8.5 COMPETITIVE BENCHMARKING: STARTUPS/SMES, 2024
- 10.8.5.1 Detailed list of key startups/SMEs, 2024
- 10.8.5.2 Competitive benchmarking of key startups/SMEs
- 10.9 COMPETITIVE SCENARIO
- 10.9.1 PRODUCT LAUNCHES
- 10.9.2 DEALS
- 10.9.3 EXPANSIONS
11 COMPANY PROFILES
- 11.1 KEY PLAYERS
- 11.1.1 AIR LIQUIDE
- 11.1.1.1 Business overview
- 11.1.1.2 Products/Solutions/Services offered
- 11.1.1.3 Recent developments
- 11.1.1.4 MnM view
- 11.1.1.4.1 Right to win
- 11.1.1.4.2 Strategic choices
- 11.1.1.4.3 Weaknesses and competitive threats
- 11.1.2 AIR PRODUCTS AND CHEMICALS, INC.
- 11.1.2.1 Business overview
- 11.1.2.2 Products/Solutions/Services offered
- 11.1.2.3 Recent developments
- 11.1.2.4 MnM view
- 11.1.2.4.1 Right to win
- 11.1.2.4.2 Strategic choices
- 11.1.2.4.3 Weaknesses and competitive threats
- 11.1.3 ESAB
- 11.1.3.1 Business overview
- 11.1.3.2 Products/Solutions/Services offered
- 11.1.3.3 Recent developments
- 11.1.3.3.1 Product launches
- 11.1.3.3.2 Deals
- 11.1.3.4 MnM view
- 11.1.3.4.1 Right to win
- 11.1.3.4.2 Strategic choices
- 11.1.3.4.3 Weaknesses and competitive threats
- 11.1.4 LINDE PLC
- 11.1.4.1 Business overview
- 11.1.4.2 Products/Solutions/Services offered
- 11.1.4.3 Recent developments
- 11.1.4.4 MnM view
- 11.1.4.4.1 Right to win
- 11.1.4.4.2 Strategic choices
- 11.1.4.4.3 Weaknesses and competitive threats
- 11.1.5 ILLINOIS TOOL WORKS INC.
- 11.1.5.1 Business overview
- 11.1.5.2 Products/Solutions/Services offered
- 11.1.5.3 MnM view
- 11.1.5.3.1 Right to win
- 11.1.5.3.2 Strategic choices
- 11.1.5.3.3 Weaknesses and competitive threats
- 11.1.6 THE LINCOLN ELECTRIC COMPANY
- 11.1.6.1 Business overview
- 11.1.6.2 Products/Solutions/Services offered
- 11.1.6.3 Recent developments
- 11.1.6.3.1 Product launches
- 11.1.6.3.2 Deals
- 11.1.6.4 MnM view
- 11.1.7 ADOR WELDING
- 11.1.7.1 Business overview
- 11.1.7.2 Products/Solutions/Services offered
- 11.1.7.3 Recent developments
- 11.1.7.4 MnM view
- 11.1.8 TIANJIN BRIDGE WELDING MATERIALS GROUP CO.,LTD.
- 11.1.8.1 Business overview
- 11.1.8.2 Products/Solutions/Services offered
- 11.1.8.3 MnM view
- 11.1.9 KOBE STEEL, LTD.
- 11.1.9.1 Business overview
- 11.1.9.2 Products/Solutions/Services offered
- 11.1.9.3 MnM view
- 11.1.10 VOESTALPINE AG
- 11.1.10.1 Business overview
- 11.1.10.2 Products/Solutions/Services offered
- 11.1.10.3 Recent developments
- 11.1.10.3.1 Product launches
- 11.1.10.3.2 Deals
- 11.1.10.4 MnM view
- 11.2 OTHER PLAYERS
- 11.2.1 PRECISION CASTPARTS CORP.
- 11.2.2 ROLLED ALLOYS
- 11.2.3 LAIWU JINCAI WELDING MATERIALS CO., LTD.
- 11.2.4 ADVANCED TECHNOLOGY & MATERIALS CO., LTD.
- 11.2.5 HYUNDAI WELDING CO.
- 11.2.6 ZULFI WELDING ELECTRODES FACTORY CO. LTD.
- 11.2.7 ATLANTIC CHINA WELDING CONSUMABLES
- 11.2.8 FORTIUS METALS
- 11.2.9 B&H GROUP
- 11.2.10 ROCKMOUNT
- 11.2.11 WELDFAST ELECTRODES PVT. LTD.
- 11.2.12 D&H SECHERON
- 11.2.13 GEDIK WELDING
- 11.2.14 SUPERON SCHWEISSTECHNIK INDIA
- 11.2.15 NEXA WELD
12 ADJACENT MARKET
- 12.1 INTRODUCTION
- 12.2 WELDING EQUIPMENT, ACCESSORIES, AND CONSUMABLES MARKET
13 APPENDIX
- 13.1 KNOWLEDGESTORE: MARKETSANDMARKETS' SUBSCRIPTION PORTAL
- 13.2 CUSTOMIZATION OPTIONS
- 13.3 RELATED REPORTS
- 13.4 AUTHOR DETAILS