Uploaded on May 24, 2021
The global welding consumables market is anticipated to cross USD 19 billion by 2025, growing at a CAGR of >5.0%. The increasing population coupled with infrastructure development has prompted developed as well as developing economies to increase their construction activities.
Welding Consumables Market Global Demand, Growth, Opportunities, Top Key Players and Forecast to 2025
Adroit Market Research
Global Welding Consumables
Market Size 2019
by End-user (Aerospace & Defense, Automotive,
Construction, Marine, Others), by Type (Stick
Electrodes, Solid Wires, Flux Cored Wires, Saw Wires &
Fluxes), by Region and Forecast 2019 to 2025
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Adroit Market Research
Global Welding Consumables Market To Exceed >USD 19 Billion
By 2025
• The global welding consumables market is anticipated to cross USD 19 billion by 2025, growing at
a CAGR of >5.0%. The increasing population coupled with infrastructure development has
prompted developed as well as developing economies to increase their construction activities.
According to the United Nations prediction, the number of people living in cities could double by
2050, which is close to 6.5 billion. Welding consumables continue to dominate the market as
preferred technology due to its reliability, strength and relatively lower operational cost. This
technology provides a smooth assembly of joined components, no professional workforce required
to conduct process and ease of manufacture. All these advantages provided over the forecast
period by the use of welding to drive the industry at a respectable rate.
• Adroit Market Research report on the global welding consumables market gives a holistic view of
the market from 2015 to 2025, which includes market trends such as drivers, restraints,
opportunities, and challenges. The market has been studied for historic years from 2015 to 2017,
with the forecast from 2019 to 2025. The report covers the current status and future traits of the
market at global as well as country level. In addition, the study also assesses the market
competition with Porter's five forces analysis and positions the key players based on their product
portfolio, geographic footprint, strategic initiatives, and overall revenue.
Browse the complete report on @
https://www.adroitmarketresearch.com/industry-reports/welding-consumables-market
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Adroit Market Research
Global Welding Consumables Market To Exceed >USD 19 Billion By 2025
• The global welding consumables market has been segmented by end-use and type. The welding consumables
market end-use segments mainly include construction, automotive, aerospace & defense, and marine sectors.
Construction and marine applications are likely to retain a significant market share in the global welding
consumables market. Particularly due to the growing demand from the other end-use segments, such as the oil
and gas industries, manufacturing, and automotive applications, the market is projected to expand over the
coming years.
• Welding methods have many advantages over traditional technologies such as riveting, which is expected to
create a positive image for the demand for welding consumables. Welding is favored because of its durable
and relatively pliant joints, low labor costs, and ease of welded part manufacturing. Both of these advantages
contribute to increased momentum in welding in industries with different end uses. Subsequently, the
tendency towards welding adoption elevated sales of welding consumables worldwide.
• Asia-Pacific is expected to show the highest growth rate over the projected period, by virtue of rapid
urbanization & industrialization, especially in the emerging economies such as China, India, South Korea, and
Southeast Asia. Additionally, government investment and promotion towards renewable energy and increasing
foreign direct investments (FDI) in solar, thermal, and wind energy sectors is expected to increase welding
consumables market growth over the coming years. However, the environmental impact of welding
consumables, customer price sensitivity, sluggish adoption of advanced welding technologies in developing
countries, and slow growth of aerospace & defense are expected to be the key market challenges.
• The global welding consumables market is competitive in nature. A large number of domestic and international
manufacturers are operating in this industry. Some prominent players are Bohler Welding, Hyundai, Lincoln
Electric, Air Liquide, ARCON Welding, Denyo, Fronius International, Illinois Tool Work, Kemppi, Kobelco,
Panasonic, and Tianjin Bridge Welding Materials Group.
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Adroit Market Research
Key segments of the global welding consumables market
End-user Overview, 2015-2025 (USD Billion)
• Aerospace & Defense
• Automotive
• Construction
• Marine
• Others
Type Overview, 2015-2025 (USD Billion)
• Stick Electrodes
• Solid Wires
• Flux Cored Wires
• Saw Wires & Fluxes
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Adroit Market Research
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