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堆焊市場－2018-2028年全球產業規模、佔有率、趨勢、機會與預測，依焊接方法、基材、最終用戶產業、地區、競爭細分
市場調查報告書
商品編碼
1379532

堆焊市場－2018-2028年全球產業規模、佔有率、趨勢、機會與預測，依焊接方法、基材、最終用戶產業、地區、競爭細分

Hardfacing Welding Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, Segmented by Welding Method, By Base Material, By End-User Industry, By Region, By Competition, 2018-2028
出版日期: | 出版商: TechSci Research | 英文 190 Pages | 商品交期: 2-3個工作天內

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簡介目錄

全球硬面焊接市場近年來經歷了巨大成長，並預計在 2028 年之前保持強勁勢頭。2022 年市場價值為 237.4 億美元，預計在預測期內年複合成長率為 4.47%。

堆焊是全球堆焊市場中非常有益的工藝，涉及在各種表面上應用堅固耐磨的塗層。它擅長沉積緻密的耐磨材料層，具有卓越的黏合強度，使其成為多個行業的首選。

堆焊的突出優點之一是其精度和配置靈活性，使其在眾多工業應用中不可或缺。此外，該工藝在防止腐蝕、熱衝擊和磨損等問題方面發揮關鍵作用，從而延長了關鍵部件和設備的使用壽命。

市場概況
預測期 2024-2028
2022 年市場規模 237.4億美元
2028 年市場規模 324.1億美元
2023-2028 年CAGR 4.47%
成長最快的細分市場 鑄鐵
最大的市場 北美洲

可用於表面硬化的焊接方法包括鎢極氣體保護焊、保護金屬電弧焊、板狀焊條、氣體保護金屬電弧焊、自保護電弧焊和埋弧焊。這些技術滿足各種行業需求和基材，通常包括鋼、不銹鋼、碳鋼、碳化鎢和鈷基合金。

主要市場促進因素

延長設備使用壽命的需求增加

由於對延長設備使用壽命的需求不斷成長，全球堆焊市場正在強勁成長。在採礦、建築、農業和製造業等行業中，機械和零件會遭受嚴重的磨損。堆焊在透過應用耐磨塗層來保護這些資產方面發揮關鍵作用，從而顯著延長其使用壽命。隨著企業尋求最大化投資回報並降低維護成本，採用堆焊解決方案變得越來越必要。

此外，對永續性和資源節約的日益重視與硬面焊接減少頻繁更換需求的能力一致，最終減少浪費和環境影響。隨著各行業優先考慮設備的使用壽命，這一趨勢預計將繼續推動市場的成長。

擴大工業基礎設施和建設項目

全球基礎設施和建築業正在快速成長，眾多大型項目正在進行中。其中包括道路、橋樑、機場以及商業和住宅建築的建設。由於重型機械和設備是這些項目的核心，對硬面焊接解決方案的需求正在激增。

堆焊對於保護建築和基礎設施領域重要部件免受磨損、衝擊和腐蝕至關重要。隨著城市化和工業化的不斷擴大，在確保關鍵設備的耐用性和可靠性的需求的推動下，硬面焊接市場有望大幅成長。

技術進步和創新材料

由於持續的技術進步和創新材料的開發，堆焊市場正在經歷顯著的成長。製造商不斷改進焊接技術並引入尖端材料，以提高硬面焊接應用的性能。這些創新使塗層具有卓越的耐磨性、更高的黏合強度和更高的耐用性。

此外，在堆焊製程中使用自動化和機器人技術可以簡化生產、降低勞動成本並提高精度。這種自動化趨勢對於需要高精度硬面的產業尤其有利，例如航空航太和汽車製造。

此外，包括先進合金和複合材料在內的新型材料的引入正在擴大硬面焊接的應用範圍。為特定挑戰尋求客製化解決方案的行業擴大轉向這些創新材料，推動了市場的成長。

總之，由於延長設備使用壽命的迫切需求、工業基礎設施項目的擴展以及焊接技術和材料的持續技術進步，堆焊市場正在蓬勃發展。這些促進因素共同推動市場向前發展，為成長和創新創造肥沃的土壤。

主要市場挑戰

原料成本上漲

近年來，全球硬面焊接市場許多關鍵原料的成本不斷上漲。堆焊製程中使用的電極、焊絲和其他消耗品需要鉻、鎳和鈷等金屬，而這些金屬的採購成本越來越高。這些賤金屬受到全球大宗商品價格波動以及貿易爭端的影響，有時會擾亂供應鏈。由於堆焊是一種專門的應用，因此當成本上升時替代替代材料的靈活性較小。設備製造商和表面硬化服務提供者一直在努力將這些增加的成本完全轉嫁給客戶。在原料費用上漲的同時保持利潤率是一項挑戰。長期供應合約、庫存或開發新合金配方等策略有助於降低風險，但並沒有消除投入成本的波動。如果原料價格繼續上漲，它將威脅到某些應用和最終用途行業的堆焊焊接的可行性。

熟練勞動力短缺

缺乏有資格執行堆焊應用的熟練焊工和技術人員，對全球市場的持續成長構成了挑戰。堆焊需要先進的焊接技能以及使用專門工藝和材料的經驗。然而，在許多國家，一般焊接勞動力隊伍正在老化，並且沒有足夠快地被新進入者取代。年輕一代對製造業和貿易職業興趣較低。同時，採礦、能源、建築和運輸等行業對耐磨堆焊服務的需求不斷增加，這些行業需要延長高磨損零件的使用壽命。如果沒有足夠的熟練堆焊勞動力供應，設備製造商就很難擴大生產能力。客戶還面臨更長的交貨時間和更高的合約堆焊工作成本。如果無法透過培訓計劃和移民政策解決勞動力短缺問題，則可能會限制硬面焊接市場的潛在擴張。

主要市場趨勢

石油和天然氣產業的需求不斷增加

石油和天然氣產業一直是硬面焊接材料的最大最終用戶之一。這是因為，油氣探勘生產活動中使用的鑽頭、防噴器、閥門、管道等零件，由於泥漿的磨損、腐蝕等因素，受到嚴重磨損。堆焊可提供堅硬、耐磨的表面，有助於延長此類零件的使用壽命。隨著全球能源需求的不斷成長，石油和天然氣公司一直在增加探勘和生產活動的資本支出。這推動了對石油管材和其他需要耐磨堆焊的設備的需求。此外，北美和歐洲老化的石油和天然氣基礎設施需要維護和修理工作，從而推動了對硬面焊材的需求。所有這些因素預計將推動石油和天然氣產業領域全球硬面焊接市場的成長。

先進焊接材料的使用不斷增加

硬面焊接材料製造商一直致力於開發先進的組合物，以在具有挑戰性的操作條件下提供更好的性能。具有耐腐蝕、高耐磨性和承受熱應力能力等特性的新材料越來越受歡迎。例如，鈷基合金的使用正在增加，因為它們可以在高腐蝕性環境中生存，並在高溫下提供出色的耐磨性。同樣，由於鎳基合金的高強度和形成光滑表面的能力，對鎳基合金的需求也在成長。積層製造技術也被用來生產具有客製化微觀結構的新型材料。堆焊產品製造商擴大採用 3D 列印技術，可以透過針對獨特應用的客製化解決方案來擾亂市場。此外，使用奈米技術開發材料提供了增強微觀水平性能的機會。先進焊接材料的日益廣泛使用預計將在預測期內推動創新並提高全球硬面焊接市場價值。

自動化程度的提高和機器人焊接系統的使用

由於機器人系統相對於手動焊接方法的優勢，自動化和機器人系統在堆焊應用中的使用呈現成長趨勢。機器人堆焊具有降低營運成本、提高焊接沉積的一致性和可重複性、提高生產率、最大限度地減少人為錯誤和風險等優點。此外，機器人可以相對輕鬆地在有限空間和危險環境中工作。汽車、重型工程和造船等行業是機器人堆焊系統的早期採用者。甚至石油和天然氣公司也擴大使用機器人履帶車和堆焊工具來實現管道維護活動的自動化。不斷上漲的勞動成本進一步鼓勵更多製造業投資機器人硬面解決方案。此外，持續的技術進步使機器人變得更加經濟實惠、用途廣泛並且能夠滿足不同的焊接要求。所有這些因素預計將推動自動化堆焊設備和機器人領域的顯著成長。

細分市場洞察

焊接方法見解

依焊接方法細分，電弧焊在2022年全球硬面焊接市場中佔據主導地位，佔據最大的市場佔有率。電弧焊，也稱為棒焊，是一種手動焊接工藝，使用電弧在電極和基材之間產生電壓來形成焊縫。它為焊接不同厚度的金屬提供了一種簡單且廉價的方法。在電弧焊中，焊條電弧焊 (SMAW) 通常用於堆焊應用。 SMAW 使用覆蓋助焊劑塗層的自耗電極，在熔化和焊接時可保護焊接區域免受大氣污染。助焊劑塗層分解形成保護性渣層，焊接處在其下方凝固。 SMAW 非常適合堆焊，因為它具有高沉積速率並且可以在任何位置使用。其他常用的堆焊方法包括藥芯焊絲焊、熔化極氣體保護焊 (GMAW) 和氣體保護藥芯焊絲焊。然而，電弧焊由於其焊接各種金屬和合金的多功能性以及對薄材料和厚材料的適用性而佔據了最大的市場佔有率。埋弧焊 (SAW) 也可用於表面硬化，但由於其僅限於較厚的材料，因此與電弧焊接相比應用程度較小。總體而言，由於電弧焊接在靈活性、易用性和成本效益方面優於其他焊接方法，預計在預測期內將繼續主導全球硬面焊接市場。

基礎材料見解

到 2022 年，鋼鐵業將在全球硬面焊接市場中佔據主導地位，並預計在預測期內將保持其主導地位。由於其高強度、耐用性和成本效益，鋼材在建築、採礦、農業和製造業等行業中得到廣泛應用。到2022年，它佔全球市場佔有率超過50%。鋼材被用作重型設備、採礦工具、挖掘鏟、推土機刀片以及其他需要高耐磨性和抗衝擊性的部件的基礎材料。使用鋼作為基材的硬面焊接使這些零件和設備的表面具有高度的耐磨性和耐腐蝕性，有助於延長這些零件和設備的使用壽命。此外，與鑄鐵和合金金屬等其他材料相比，鋼材在各地區以實惠的價格廣泛供應。鋼材的廣泛可用性和成本優勢進一步鞏固了其在全球硬面焊接市場的領先地位。隨著全球基礎設施和製造活動的不斷成長，對重型設備和工具的需求也在穩步成長，預計這將在預測期內推動鋼材作為硬面焊接應用首選基材的消費。

區域洞察

北美在2022年主導全球硬面焊接市場，預計在2023年至2028年的預測期內將保持其主導地位。該地區佔2022年整體市場收入的30%以上佔有率。這可以歸因於美國和加拿大等國家的堆焊產品主要製造商和供應商。該地區在基礎設施開發、石油和天然氣探勘、採礦以及其他堆焊廣泛應用的行業中進行了大量投資。這推動了北美對堆焊焊材和設備的需求。此外，該地區在採用新技術提高焊接生產率和品質處於領先地位。製造商不斷進行研究和開發，開發適合關鍵應用的先進堆焊解決方案，這是支持北美市場成長的另一個因素。由於採用硬面焊接的行業計劃進行穩定投資，預計在預測期內需求將保持在較高水平，使北美能夠保持在全球硬面焊接市場的領先地位。

目錄

第 1 章：產品概述

  • 市場定義
  • 市場範圍
    • 涵蓋的市場
    • 研究年份
    • 主要市場區隔

第 2 章：研究方法

  • 研究目的
  • 基線方法
  • 範圍的製定
  • 假設和限制
  • 研究來源
    • 二次研究
    • 初步研究
  • 市場研究方法
    • 自下而上的方法
    • 自上而下的方法
  • 計算市場規模和市場佔有率所遵循的方法
  • 預測方法
    • 數據三角測量與驗證

第 3 章：執行摘要

第 4 章：客戶之聲

第 5 章：全球堆焊市場概述

第 6 章：全球堆焊市場展望

  • 市場規模及預測
    • 按價值
  • 市佔率及預測
    • 依焊接方法分類（電弧焊、藥芯焊絲焊、熔化極氣體保護焊（GMAW）、氣體保護藥芯焊絲焊、埋弧焊（SAW））
    • 依基材（鋼、鑄鐵、合金金屬）
    • 按最終用戶產業（重型機械、石油和天然氣、汽車、零售、製造、航太和國防）
    • 按地區
  • 按公司分類 (2022)
  • 市場地圖

第 7 章：北美堆焊市場展望

  • 市場規模及預測
    • 按價值
  • 市佔率及預測
    • 依焊接方式分
    • 按基材分類
    • 按最終用戶產業
    • 按國家/地區
  • 北美：國家分析
    • 美國
    • 加拿大
    • 墨西哥

第 8 章：歐洲堆焊市場前景

  • 市場規模及預測
    • 按價值
  • 市佔率及預測
    • 依焊接方式分
    • 按基材分類
    • 按最終用戶產業
    • 按國家/地區
  • 歐洲：國家分析
    • 德國
    • 英國
    • 義大利
    • 法國
    • 西班牙

第 9 章：亞太地區堆焊市場展望

  • 市場規模及預測
    • 按價值
  • 市佔率及預測
    • 依焊接方式分
    • 按基材分類
    • 按最終用戶產業
    • 按國家/地區
  • 亞太地區：國家分析
    • 中國
    • 印度
    • 日本
    • 韓國
    • 澳洲

第 10 章：南美洲堆焊市場展望

  • 市場規模及預測
    • 按價值
  • 市佔率及預測
    • 依焊接方式分
    • 按基材分類
    • 按最終用戶產業
    • 按國家/地區
  • 南美洲：國家分析
    • 巴西
    • 阿根廷
    • 哥倫比亞

第 11 章：中東和非洲堆焊市場前景

  • 市場規模及預測
    • 按價值
  • 市佔率及預測
    • 依焊接方式分
    • 按基材分類
    • 按最終用戶產業
    • 按國家/地區
  • MEA：國家分析
    • 南非堆焊
    • 沙烏地阿拉伯硬面焊接
    • 阿拉伯聯合大公國硬面焊接
    • 科威特堆焊
    • 土耳其堆焊
    • 埃及堆焊

第 12 章：市場動態

  • 促進要素
  • 挑戰

第 13 章：市場趨勢與發展

第 14 章：公司簡介

  • 硬面合金公司
    • Business Overview
    • Key Revenue and Financials
    • Recent Developments
    • Key Personnel/Key Contact Person
    • Key Product/Services Offered
  • 博迪科特公司
    • Business Overview
    • Key Revenue and Financials
    • Recent Developments
    • Key Personnel/Key Contact Person
    • Key Product/Services Offered
  • FW Gartner 熱噴塗
    • Business Overview
    • Key Revenue and Financials
    • Recent Developments
    • Key Personnel/Key Contact Person
    • Key Product/Services Offered
  • 海恩斯國際公司
    • Business Overview
    • Key Revenue and Financials
    • Recent Developments
    • Key Personnel/Key Contact Person
    • Key Product/Services Offered
  • 歐瑞康美科公司
    • Business Overview
    • Key Revenue and Financials
    • Recent Developments
    • Key Personnel/Key Contact Person
    • Key Product/Services Offered
  • 粉末合金公司
    • Business Overview
    • Key Revenue and Financials
    • Recent Developments
    • Key Personnel/Key Contact Person
    • Key Product/Services Offered
  • 普萊克斯表面技術公司
    • Business Overview
    • Key Revenue and Financials
    • Recent Developments
    • Key Personnel/Key Contact Person
    • Key Product/Services Offered
  • 肯納金屬公司
    • Business Overview
    • Key Revenue and Financials
    • Recent Developments
    • Key Personnel/Key Contact Person
    • Key Product/Services Offered
  • 卡斯特林共晶。
    • Business Overview
    • Key Revenue and Financials
    • Recent Developments
    • Key Personnel/Key Contact Person
    • Key Product/Services Offered
  • CRS控股公司
    • Business Overview
    • Key Revenue and Financials
    • Recent Developments
    • Key Personnel/Key Contact Person
    • Key Product/Services Offered

第 15 章：策略建議

第 16 章：關於我們與免責聲明

簡介目錄
Product Code: 17014

Global Hardfacing Welding market has experienced tremendous growth in recent years and is poised to maintain strong momentum through 2028. The market was valued at USD 23.74 billion in 2022 and is projected to register a compound annual growth rate of 4.47% during the forecast period.

Hardfacing welding is a highly beneficial process within the global Hardfacing Welding market, involving the application of robust and wear-resistant coatings on various surfaces. It excels in depositing dense layers of wear-resistant material with exceptional bond strength, making it the preferred choice across multiple industries.

One of the standout advantages of hardfacing welding is its precision and configurational flexibility, making it indispensable in numerous industrial applications. Furthermore, this process plays a pivotal role in safeguarding against issues like corrosion, thermal shock, and abrasion, thereby extending the lifespan of critical components and equipment.

Market Overview
Forecast Period2024-2028
Market Size 2022USD 23.74 billion
Market Size 2028USD 32.41 billion
CAGR 2023-20284.47%
Fastest Growing SegmentCast Iron
Largest MarketNorth America

The array of welding methods available for hardfacing includes gas tungsten arc, shielded metal arc, tabular electrode, gas-shielded metal arc, self-shielded arc, and submerged arc welding. These techniques cater to various industry needs and substrates, which often encompass steel, stainless steel, carbon steel, tungsten carbide, and cobalt-based alloys.

In essence, hardfacing welding involves overlaying base materials with tougher or harder metals through welding or thermal spraying techniques. This process significantly mitigates wear and tear on the underlying materials, enhancing their durability and performance. The burgeoning demand for hardfacing welding arises from its expanding application spectrum and continuous advancements in the tools and technologies used throughout the process.

In summary, the outlook for the global Hardfacing Welding market remains exceedingly positive. Its pivotal role in asset protection, operational optimization, and regulatory compliance underscores its significance in commercial real estate and facility portfolio management worldwide. As technological innovations continue to advance, hardfacing welding solutions will remain central to ensuring the efficiency, compliance, and security of industrial operations across the globe.

Key Market Drivers

Increased Demand for Extended Equipment Lifespan

The global Hardfacing Welding market is witnessing robust growth driven by the escalating demand for extended equipment lifespan. In industries such as mining, construction, agriculture, and manufacturing, machinery and components are subjected to severe wear and tear. Hardfacing welding plays a pivotal role in safeguarding these assets by applying wear-resistant coatings, thereby significantly extending their operational life. As businesses seek to maximize their return on investment and reduce maintenance costs, the adoption of hardfacing welding solutions becomes increasingly imperative.

Moreover, the growing emphasis on sustainability and resource conservation aligns with hardfacing welding's ability to reduce the need for frequent replacements, ultimately reducing waste and environmental impact. This trend is expected to continue driving the market's growth as industries prioritize equipment longevity.

Expanding Industrial Infrastructure and Construction Projects

The global infrastructure and construction sectors are experiencing rapid growth, with numerous large-scale projects underway. These include the construction of roads, bridges, airports, and commercial and residential buildings. With heavy machinery and equipment at the heart of these projects, the demand for hardfacing welding solutions is surging.

Hardfacing welding is essential in protecting vital components from abrasion, impact, and corrosion in the construction and infrastructure sectors. As urbanization and industrialization continue to expand, the market for hardfacing welding is poised for substantial growth, driven by the need to ensure the durability and reliability of critical equipment.

Technological Advancements and Innovative Materials

The Hardfacing Welding market is experiencing a notable boost from ongoing technological advancements and the development of innovative materials. Manufacturers are continually improving welding techniques and introducing cutting-edge materials to enhance the performance of hardfacing welding applications. These innovations result in coatings that offer superior wear resistance, improved bond strength, and increased durability.

Additionally, the use of automation and robotics in hardfacing welding processes is streamlining production, reducing labor costs, and enhancing precision. This automation trend is especially beneficial for industries requiring high precision hardfacing, such as aerospace and automotive manufacturing.

Furthermore, the introduction of novel materials, including advanced alloys and composites, is expanding the range of applications for hardfacing welding. Industries seeking tailored solutions for specific challenges are increasingly turning to these innovative materials, driving the market's growth.

In conclusion, the Hardfacing Welding market is thriving due to the imperative need to prolong equipment lifespan, the expansion of industrial infrastructure projects, and continuous technological advancements in welding techniques and materials. These drivers collectively propel the market forward, creating a fertile ground for growth and innovation.

Key Market Challenges

Rising Cost of Raw Materials

The global hardfacing welding market has seen rising costs of many key raw materials in recent years. Electrodes, wire, and other consumables used in hardfacing welding processes require metals like chromium, nickel, and cobalt which have become more expensive to procure. These base metals are subject to global commodity price fluctuations as well as trade disputes that have disrupted supply chains at times. As hardfacing is a specialized application, there is less flexibility to substitute alternative materials when costs rise. Equipment manufacturers and hardfacing service providers have struggled to fully pass these increased costs onto customers. Maintaining profit margins while raw material expenses climb presents a challenge. Strategies like long-term supply contracts, stockpiling inventory, or developing new alloy formulations help mitigate risks but have not eliminated volatility in input costs. If raw material prices continue an upward trend, it threatens the viability of hardfacing welding for some applications and end use industries.

Skilled Labor Shortages

A shortage of skilled welders and technicians qualified to perform hardfacing welding applications poses a challenge to the continued growth of the global market. Hardfacing requires advanced welding skills and experience working with specialized processes and materials. However, the general welding labor pool is aging out of the workforce in many countries and not being replaced quickly enough by new entrants. Younger generations show less interest in manufacturing and trades careers. At the same time, demand for hardfacing services is increasing from industries like mining, energy, construction, and transportation that need to extend the life of high-wear components. Without an adequate supply of skilled hardfacing labor, equipment manufacturers have difficulty expanding production capacities. Customers also face longer lead times and higher costs for contract hardfacing work. If labor shortfalls cannot be addressed through training initiatives and immigration policies, it threatens to constrain the potential expansion of the hardfacing welding market.

Key Market Trends

Increasing Demand from Oil & Gas Industry

The oil and gas industry has been one of the largest end-users of hardfacing welding materials. This is because components such as drill bits, blowout preventers, valves, and pipelines used in oil and gas exploration and production activities are subjected to severe wear and tear due to factors like abrasion and corrosion from slurries. Hardfacing welding helps increase the service life of such components by providing a hard, wear-resistant surface. With rising energy demands globally, oil and gas companies have been increasing their capital expenditures on exploration and production activities. This is driving the demand for oil country tubular goods and other equipment that require hardfacing for durability. Additionally, aging oil and gas infrastructure in North America and Europe is requiring maintenance and repair works, thereby propelling the need for hardfacing welding consumables. All these factors are expected to boost the growth of the global hardfacing welding market in the oil and gas industry segment.

Rising Use of Advanced Welding Materials

Manufacturers of hardfacing welding materials have been focusing on developing advanced compositions that can deliver better performance in challenging operating conditions. New materials with properties like corrosion resistance, high abrasion resistance, and ability to withstand thermal stresses are gaining popularity. For instance, the use of cobalt-based alloys is increasing as they can survive in highly corrosive environments and provide excellent wear resistance at elevated temperatures. Similarly, the demand for nickel-based alloys is growing due to their high strength and ability to form smooth surfaces. Additive manufacturing techniques are also being used to produce novel materials with tailored microstructures. The rising adoption of 3D printing technologies by hardfacing welding product manufacturers can disrupt the market with custom solutions for unique applications. Furthermore, development of materials using nanotechnology offers opportunities to enhance properties at the micro-level. The growing use of advanced welding materials is expected to drive innovation and boost the global hardfacing welding market value over the forecast period.

Rising Automation and Use of Robotic Welding Systems

There is a growing trend of automation and use of robotic systems for hardfacing welding applications due to their advantages over manual welding methods. Robotic hardfacing welding provides benefits like reduced operational costs, improved consistency and repeatability of weld deposition, higher productivity, minimized human errors and risks. Additionally, robots can work in confined spaces and hazardous environments with relative ease. Sectors like automotive, heavy engineering, and shipbuilding have been early adopters of robotic hardfacing systems. Even oil and gas companies are increasingly automating their pipeline maintenance activities using robotic crawlers and hardfacing tools. The rising labor costs are further encouraging more fabrication industries to invest in robotic hardfacing solutions. Additionally, ongoing technology advancements are making robots more affordable, versatile and compatible with diverse welding requirements. All these factors are expected to drive significant growth in the automated hardfacing welding equipment and robotics segment.

Segmental Insights

Welding Method Insights

Segmented by welding method, arc welding dominated the global hardfacing welding market in 2022, holding the largest market share. Arc welding, also known as stick welding, is a manual welding process that uses an arc producing a voltage between an electrode and the base material to create a weld. It provides an easy and inexpensive way for welding metals of varying thicknesses. Within arc welding, shielded metal arc welding (SMAW) is commonly used for hardfacing applications. SMAW uses a consumable electrode covered by a flux coating which, upon melting and welding, protects the weld area from atmospheric contamination. The flux coating decomposes to form a protective slag blanket under which the weld solidifies. SMAW is well suited for hardfacing because it allows for high deposition rates and can be used in any position. Other commonly used hardfacing welding methods include flux-cored wire welding, gas metal arc welding (GMAW), and gas shielded flux-cored wire welding. However, arc welding held the largest market share due to its versatility for welding a variety of metals and alloys as well as its suitability for both thin and thick materials. Submerged arc welding (SAW) also has applications in hardfacing but to a lesser extent compared to arc welding due to its limitation to thicker materials. Overall, arc welding is expected to continue dominating the global hardfacing welding market during the forecast period owing to its advantages over other welding methods in terms of flexibility, ease of use, and cost effectiveness.

Base Material Insights

Steel segment dominated the global hardfacing welding market in 2022 and is expected to maintain its dominance during the forecast period. Steel finds widespread application across industries such as construction, mining, agriculture, and manufacturing due to its high strength, durability, and cost-effectiveness. It accounted for over 50% share of the global market in 2022. Steel is used as a base material in heavy-duty equipment, mining tools, excavating shovels, bulldozer blades, and other components that require high wear and impact resistance. Hardfacing welding using steel as the base material helps increase the service life of these components and equipment by making their surfaces highly resistant to abrasion and corrosion. Moreover, steel is widely available across regions at affordable prices as compared to other materials like cast iron and alloy metals. This widespread availability and cost advantage of steel further consolidates its leading position in the global hardfacing welding market. With growing infrastructure and manufacturing activities worldwide, the demand for heavy-duty equipment and tools is also rising steadily, which is expected to drive the consumption of steel as the preferred base material for hardfacing welding applications over the forecast period..

Regional Insights

North America dominated the global hardfacing welding market in 2022 and is expected to maintain its dominance during the forecast period from 2023 to 2028. The region accounted for more than 30% share of the overall market revenue in 2022. This can be attributed to the presence of major manufacturers and suppliers of hardfacing welding products in countries like the United States and Canada. The region has seen significant investments in infrastructure development, oil & gas exploration, mining, and other industries where hardfacing welding finds widespread application. This has driven the demand for hardfacing welding consumables and equipment in North America. Furthermore, the region is at the forefront in adopting new technologies for improving welding productivity and quality. Continuous research and development by manufacturers to develop advanced hardfacing welding solutions tailored for critical applications is another factor supporting the market growth in North America. With steady investments planned across industries that employ hardfacing welding, the demand is expected to remain high through the forecast period, allowing North America to retain its leading position in the global hardfacing welding market.

Key Market Players

  • Hardface Alloys Inc
  • Bodycote plc
  • F.W. Gartner Thermal Spraying
  • Haynes International, Inc
  • Oerlikon Metco, Inc
  • Praxair Surface Technologies, Inc
  • Kennametal Inc
  • Castolin Eutectic
  • Powder Alloy Corporation
  • CRS Holdings Inc

Report Scope:

In this report, the Global Hardfacing Welding Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:

Hardfacing Welding Market, By Welding Method:

  • Arc Welding
  • Flux-Cored Wire Welding
  • Gas Metal Arc Welding (GMAW)
  • Gas Shielded Flux-Cored Wire Welding
  • Submerged Arc Welding (SAW)

Hardfacing Welding Market, By Base Material:

  • Steel
  • Cast Iron
  • Alloy Metals

Hardfacing Welding Market, By End-User Industry:

  • Heavy Machinery
  • Oil and Gas
  • Automotive
  • Retail
  • Manufacturing
  • Aerospace and Defense

Hardfacing Welding Market, By Region:

  • North America
  • United States
  • Canada
  • Mexico
  • Europe
  • France
  • United Kingdom
  • Italy
  • Germany
  • Spain
  • Asia-Pacific
  • China
  • India
  • Japan
  • Australia
  • South Korea
  • South America
  • Brazil
  • Argentina
  • Colombia
  • Middle East & Africa
  • South Africa
  • Saudi Arabia
  • UAE
  • Kuwait
  • Turkey
  • Egypt

Competitive Landscape

  • Company Profiles: Detailed analysis of the major companies present in the Global Hardfacing Welding Market.

Available Customizations:

  • Global Hardfacing Welding Market report with the given market data, Tech Sci Research offers customizations according to a company's specific needs. The following customization options are available for the report:

Company Information

  • Detailed analysis and profiling of additional market players (up to five).

Table of Contents

1. Product Overview

  • 1.1. Market Definition
  • 1.2. Scope of the Market
    • 1.2.1. Markets Covered
    • 1.2.2. Years Considered for Study
    • 1.2.3. Key Market Segmentations

2. Research Methodology

  • 2.1. Objective of the Study
  • 2.2. Baseline Methodology
  • 2.3. Formulation of the Scope
  • 2.4. Assumptions and Limitations
  • 2.5. Sources of Research
    • 2.5.1. Secondary Research
    • 2.5.2. Primary Research
  • 2.6. Approach for the Market Study
    • 2.6.1. The Bottom-Up Approach
    • 2.6.2. The Top-Down Approach
  • 2.7. Methodology Followed for Calculation of Market Size & Market Shares
  • 2.8. Forecasting Methodology
    • 2.8.1. Data Triangulation & Validation

3. Executive Summary

4. Voice of Customer

5. Global Hardfacing Welding Market Overview

6. Global Hardfacing Welding Market Outlook

  • 6.1. Market Size & Forecast
    • 6.1.1. By Value
  • 6.2. Market Share & Forecast
    • 6.2.1. By Welding Method (Arc Welding, Flux-Cored Wire Welding, Gas Metal Arc Welding (GMAW), Gas Shielded Flux-Cored Wire Welding, Submerged Arc Welding (SAW))
    • 6.2.2. By Base Material (Steel, Cast Iron, Alloy Metals)
    • 6.2.3. By End-User Industry (Heavy Machinery, Oil and Gas, Automotive, Retail, Manufacturing, Aerospace and Defense)
    • 6.2.4. By Region
  • 6.3. By Company (2022)
  • 6.4. Market Map

7. North America Hardfacing Welding Market Outlook

  • 7.1. Market Size & Forecast
    • 7.1.1. By Value
  • 7.2. Market Share & Forecast
    • 7.2.1. By Welding Method
    • 7.2.2. By Base Material
    • 7.2.3. By End-User Industry
    • 7.2.4. By Country
  • 7.3. North America: Country Analysis
    • 7.3.1. United States Hardfacing Welding Market Outlook
      • 7.3.1.1. Market Size & Forecast
        • 7.3.1.1.1. By Value
      • 7.3.1.2. Market Share & Forecast
        • 7.3.1.2.1. By Welding Method
        • 7.3.1.2.2. By Base Material
        • 7.3.1.2.3. By End-User Industry
    • 7.3.2. Canada Hardfacing Welding Market Outlook
      • 7.3.2.1. Market Size & Forecast
        • 7.3.2.1.1. By Value
      • 7.3.2.2. Market Share & Forecast
        • 7.3.2.2.1. By Welding Method
        • 7.3.2.2.2. By Base Material
        • 7.3.2.2.3. By End-User Industry
    • 7.3.3. Mexico Hardfacing Welding Market Outlook
      • 7.3.3.1. Market Size & Forecast
        • 7.3.3.1.1. By Value
      • 7.3.3.2. Market Share & Forecast
        • 7.3.3.2.1. By Welding Method
        • 7.3.3.2.2. By Base Material
        • 7.3.3.2.3. By End-User Industry

8. Europe Hardfacing Welding Market Outlook

  • 8.1. Market Size & Forecast
    • 8.1.1. By Value
  • 8.2. Market Share & Forecast
    • 8.2.1. By Welding Method
    • 8.2.2. By Base Material
    • 8.2.3. By End-User Industry
    • 8.2.4. By Country
  • 8.3. Europe: Country Analysis
    • 8.3.1. Germany Hardfacing Welding Market Outlook
      • 8.3.1.1. Market Size & Forecast
        • 8.3.1.1.1. By Value
      • 8.3.1.2. Market Share & Forecast
        • 8.3.1.2.1. By Welding Method
        • 8.3.1.2.2. By Base Material
        • 8.3.1.2.3. By End-User Industry
    • 8.3.2. United Kingdom Hardfacing Welding Market Outlook
      • 8.3.2.1. Market Size & Forecast
        • 8.3.2.1.1. By Value
      • 8.3.2.2. Market Share & Forecast
        • 8.3.2.2.1. By Welding Method
        • 8.3.2.2.2. By Base Material
        • 8.3.2.2.3. By End-User Industry
    • 8.3.3. Italy Hardfacing Welding Market Outlook
      • 8.3.3.1. Market Size & Forecast
        • 8.3.3.1.1. By Value
      • 8.3.3.2. Market Share & Forecasty
        • 8.3.3.2.1. By Welding Method
        • 8.3.3.2.2. By Base Material
        • 8.3.3.2.3. By End-User Industry
    • 8.3.4. France Hardfacing Welding Market Outlook
      • 8.3.4.1. Market Size & Forecast
        • 8.3.4.1.1. By Value
      • 8.3.4.2. Market Share & Forecast
        • 8.3.4.2.1. By Welding Method
        • 8.3.4.2.2. By Base Material
        • 8.3.4.2.3. By End-User Industry
    • 8.3.5. Spain Hardfacing Welding Market Outlook
      • 8.3.5.1. Market Size & Forecast
        • 8.3.5.1.1. By Value
      • 8.3.5.2. Market Share & Forecast
        • 8.3.5.2.1. By Welding Method
        • 8.3.5.2.2. By Base Material
        • 8.3.5.2.3. By End-User Industry

9. Asia-Pacific Hardfacing Welding Market Outlook

  • 9.1. Market Size & Forecast
    • 9.1.1. By Value
  • 9.2. Market Share & Forecast
    • 9.2.1. By Welding Method
    • 9.2.2. By Base Material
    • 9.2.3. By End-User Industry
    • 9.2.4. By Country
  • 9.3. Asia-Pacific: Country Analysis
    • 9.3.1. China Hardfacing Welding Market Outlook
      • 9.3.1.1. Market Size & Forecast
        • 9.3.1.1.1. By Value
      • 9.3.1.2. Market Share & Forecast
        • 9.3.1.2.1. By Welding Method
        • 9.3.1.2.2. By Base Material
        • 9.3.1.2.3. By End-User Industry
    • 9.3.2. India Hardfacing Welding Market Outlook
      • 9.3.2.1. Market Size & Forecast
        • 9.3.2.1.1. By Value
      • 9.3.2.2. Market Share & Forecast
        • 9.3.2.2.1. By Welding Method
        • 9.3.2.2.2. By Base Material
        • 9.3.2.2.3. By End-User Industry
    • 9.3.3. Japan Hardfacing Welding Market Outlook
      • 9.3.3.1. Market Size & Forecast
        • 9.3.3.1.1. By Value
      • 9.3.3.2. Market Share & Forecast
        • 9.3.3.2.1. By Welding Method
        • 9.3.3.2.2. By Base Material
        • 9.3.3.2.3. By End-User Industry
    • 9.3.4. South Korea Hardfacing Welding Market Outlook
      • 9.3.4.1. Market Size & Forecast
        • 9.3.4.1.1. By Value
      • 9.3.4.2. Market Share & Forecast
        • 9.3.4.2.1. By Welding Method
        • 9.3.4.2.2. By Base Material
        • 9.3.4.2.3. By End-User Industry
    • 9.3.5. Australia Hardfacing Welding Market Outlook
      • 9.3.5.1. Market Size & Forecast
        • 9.3.5.1.1. By Value
      • 9.3.5.2. Market Share & Forecast
        • 9.3.5.2.1. By Welding Method
        • 9.3.5.2.2. By Base Material
        • 9.3.5.2.3. By End-User Industry

10. South America Hardfacing Welding Market Outlook

  • 10.1. Market Size & Forecast
    • 10.1.1. By Value
  • 10.2. Market Share & Forecast
    • 10.2.1. By Welding Method
    • 10.2.2. By Base Material
    • 10.2.3. By End-User Industry
    • 10.2.4. By Country
  • 10.3. South America: Country Analysis
    • 10.3.1. Brazil Hardfacing Welding Market Outlook
      • 10.3.1.1. Market Size & Forecast
        • 10.3.1.1.1. By Value
      • 10.3.1.2. Market Share & Forecast
        • 10.3.1.2.1. By Welding Method
        • 10.3.1.2.2. By Base Material
        • 10.3.1.2.3. By End-User Industry
    • 10.3.2. Argentina Hardfacing Welding Market Outlook
      • 10.3.2.1. Market Size & Forecast
        • 10.3.2.1.1. By Value
      • 10.3.2.2. Market Share & Forecast
        • 10.3.2.2.1. By Welding Method
        • 10.3.2.2.2. By Base Material
        • 10.3.2.2.3. By End-User Industry
    • 10.3.3. Colombia Hardfacing Welding Market Outlook
      • 10.3.3.1. Market Size & Forecast
        • 10.3.3.1.1. By Value
      • 10.3.3.2. Market Share & Forecast
        • 10.3.3.2.1. By Welding Method
        • 10.3.3.2.2. By Base Material
        • 10.3.3.2.3. By End-User Industry

11. Middle East and Africa Hardfacing Welding Market Outlook

  • 11.1. Market Size & Forecast
    • 11.1.1. By Value
  • 11.2. Market Share & Forecast
    • 11.2.1. By Welding Method
    • 11.2.2. By Base Material
    • 11.2.3. By End-User Industry
    • 11.2.4. By Country
  • 11.3. MEA: Country Analysis
    • 11.3.1. South Africa Hardfacing Welding Market Outlook
      • 11.3.1.1. Market Size & Forecast
        • 11.3.1.1.1. By Value
      • 11.3.1.2. Market Share & Forecast
        • 11.3.1.2.1. By Welding Method
        • 11.3.1.2.2. By Base Material
        • 11.3.1.2.3. By End-User Industry
    • 11.3.2. Saudi Arabia Hardfacing Welding Market Outlook
      • 11.3.2.1. Market Size & Forecast
        • 11.3.2.1.1. By Value
      • 11.3.2.2. Market Share & Forecast
        • 11.3.2.2.1. By Welding Method
        • 11.3.2.2.2. By Base Material
        • 11.3.2.2.3. By End-User Industry
    • 11.3.3. UAE Hardfacing Welding Market Outlook
      • 11.3.3.1. Market Size & Forecast
        • 11.3.3.1.1. By Value
      • 11.3.3.2. Market Share & Forecast
        • 11.3.3.2.1. By Welding Method
        • 11.3.3.2.2. By Base Material
        • 11.3.3.2.3. By End-User Industry
    • 11.3.4. Kuwait Hardfacing Welding Market Outlook
      • 11.3.4.1. Market Size & Forecast
        • 11.3.4.1.1. By Value
      • 11.3.4.2. Market Share & Forecast
        • 11.3.4.2.1. By Welding Method
        • 11.3.4.2.2. By Base Material
        • 11.3.4.2.3. By End-User Industry
    • 11.3.5. Turkey Hardfacing Welding Market Outlook
      • 11.3.5.1. Market Size & Forecast
        • 11.3.5.1.1. By Value
      • 11.3.5.2. Market Share & Forecast
        • 11.3.5.2.1. By Welding Method
        • 11.3.5.2.2. By Base Material
        • 11.3.5.2.3. By End-User Industry
    • 11.3.6. Egypt Hardfacing Welding Market Outlook
      • 11.3.6.1. Market Size & Forecast
        • 11.3.6.1.1. By Value
      • 11.3.6.2. Market Share & Forecast
        • 11.3.6.2.1. By Welding Method
        • 11.3.6.2.2. By Base Material
        • 11.3.6.2.3. By End-User Industry

12. Market Dynamics

  • 12.1. Drivers
  • 12.2. Challenges

13. Market Trends & Developments

14. Company Profiles

  • 14.1. Hardface Alloys Inc
    • 14.1.1. Business Overview
    • 14.1.2. Key Revenue and Financials
    • 14.1.3. Recent Developments
    • 14.1.4. Key Personnel/Key Contact Person
    • 14.1.5. Key Product/Services Offered
  • 14.2. Bodycote plc
    • 14.2.1. Business Overview
    • 14.2.2. Key Revenue and Financials
    • 14.2.3. Recent Developments
    • 14.2.4. Key Personnel/Key Contact Person
    • 14.2.5. Key Product/Services Offered
  • 14.3. F.W. Gartner Thermal Spraying
    • 14.3.1. Business Overview
    • 14.3.2. Key Revenue and Financials
    • 14.3.3. Recent Developments
    • 14.3.4. Key Personnel/Key Contact Person
    • 14.3.5. Key Product/Services Offered
  • 14.4. Haynes International, Inc
    • 14.4.1. Business Overview
    • 14.4.2. Key Revenue and Financials
    • 14.4.3. Recent Developments
    • 14.4.4. Key Personnel/Key Contact Person
    • 14.4.5. Key Product/Services Offered
  • 14.5. Oerlikon Metco, Inc
    • 14.5.1. Business Overview
    • 14.5.2. Key Revenue and Financials
    • 14.5.3. Recent Developments
    • 14.5.4. Key Personnel/Key Contact Person
    • 14.5.5. Key Product/Services Offered
  • 14.6. Powder Alloy Corporation
    • 14.6.1. Business Overview
    • 14.6.2. Key Revenue and Financials
    • 14.6.3. Recent Developments
    • 14.6.4. Key Personnel/Key Contact Person
    • 14.6.5. Key Product/Services Offered
  • 14.7. Praxair Surface Technologies, Inc
    • 14.7.1. Business Overview
    • 14.7.2. Key Revenue and Financials
    • 14.7.3. Recent Developments
    • 14.7.4. Key Personnel/Key Contact Person
    • 14.7.5. Key Product/Services Offered
  • 14.8. Kennametal Inc
    • 14.8.1. Business Overview
    • 14.8.2. Key Revenue and Financials
    • 14.8.3. Recent Developments
    • 14.8.4. Key Personnel/Key Contact Person
    • 14.8.5. Key Product/Services Offered
  • 14.9. Castolin Eutectic.
    • 14.9.1. Business Overview
    • 14.9.2. Key Revenue and Financials
    • 14.9.3. Recent Developments
    • 14.9.4. Key Personnel/Key Contact Person
    • 14.9.5. Key Product/Services Offered
  • 14.10. CRS Holdings Inc
    • 14.10.1. Business Overview
    • 14.10.2. Key Revenue and Financials
    • 14.10.3. Recent Developments
    • 14.10.4. Key Personnel/Key Contact Person
    • 14.10.5. Key Product/Services Offered

15. Strategic Recommendations

16. About Us & Disclaimer