The welding consumables market is a multi-billion dollar industry that involves the fabrication of metals. Welding consumables or filler materials like electrodes, fluxes, wires and rods are used in various welding technologies such as arc welding, gas welding and others. These consumables play a crucial role in joining two or more metal surfaces efficiently and provide strength, durability and corrosion resistance to the welded joint. The growing infrastructural development across both developed and developing countries due to rapid urbanization has increased the demand for welding consumables substantially.
The global welding consumables market is estimated to be valued at US$ 17.83 Bn in 2024 and is expected to exhibit a CAGR of 5.8% over the forecast period 2024 to 2031.
Key Takeaways
Key players: Key players operating in the welding consumables market are Voestalpine AG, Arcon Welding Equipment, Colfax Corporation, Kemppi Oy, The Lincoln Electric Company, Tianjin Bridge Welding Materials Co., Ltd., Air Liquide, Fronius International GmbH, Hyundai Welding Co., Ltd., Denyo Co., Ltd., Obara Corporation, Illinois Tool Works Inc., Panasonic Corporation, and others.
Key opportunities: Rising investments in infrastructure development projects especially in emerging economies present significant opportunities for players in the Global Welding Consumables Market Trends Additionally, the development of advanced welding technologies and automation is also opening new growth avenues.
Global expansion: Leading welding consumable manufacturers are expanding their presence globally especially in high growth regions like Asia Pacific and Latin America through new product launches, collaborations and acquisitions to cater to increasing demand.
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