Latest Update: Impact of current COVID-19 situation has been considered in this report while making the analysis.
Global Welding Consumables Market by Type (Stick Electrodes, Solid Wires, Flux Cored Wires, SAW Wires & Fluxes), By Application (Aerospace & Defense, Automotive & Transportation, Construction, Energy, Heavy Machinery, Shipbuilding, Process, Others) And By Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast From 2022 To 2030-report

Global Welding Consumables Market by Type (Stick Electrodes, Solid Wires, Flux Cored Wires, SAW Wires & Fluxes), By Application (Aerospace & Defense, Automotive & Transportation, Construction, Energy, Heavy Machinery, Shipbuilding, Process, Others) And By Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast From 2022 To 2030

Report ID: 130458 3300 Machinery & Equipment 377 240 Pages 4.8 (41)

Market Overview:

The global welding consumables market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in the welding consumables market can be attributed to the increasing demand for welded products from various end-use industries, such as aerospace & defense, automotive & transportation, construction, energy, heavy machinery and shipbuilding. In addition, the growing demand for advanced welding technologies is also contributing to the growth of this market. Based on type, the global welding consumables market can be segmented into stick electrodes, solid wires flux cored wires and SAW wires & fluxes. Stick electrodes are projected to account for a major share of this market in 2018 owing to their low cost and easy availability across regions.

Global Welding Consumables Industry Outlook

Product Definition:

Welding consumables are the materials that are used in the welding process. They include the electrodes, filler metals, and shielding gases. The electrodes create the weld pool and provide the heat to melt the base metal. The filler metals add strength to the weld joint. The shielding gases protect against oxidation and contamination of the weld pool.

Stick Electrodes:

Stick electrodes are thin, flexible and insulated metal wires that are used in welding applications. They can be made from different metals such as stainless steel, aluminum or copper. The selection of the material is based on the type of weld to be performed by the product. Stick electrodes have a high demand owing to their flexibility which allows them to conform easily while welding and also helps in avoiding any unwanted heating during operations thus improving efficiency.

Solid Wires:

Solid wires are also known as solid core wires or simply core wire. It is a single, insulated electrical conductor that is wound around a cylindrical or polymeric former and then soldered to another conductor for use in an electric arc welding process.

Application Insights:

The aerospace and defense application segment led the market in 2017. The growth of this segment can be attributed to increasing demand for high-performance consumables that offer enhanced efficiency and superior quality in various applications, including structural repairs, aircraft interior refurbishing & replacement, engine maintenance & upgrade work, and others. In addition to being one of the largest consumers globally, major players such as United States Steel Corporation (USSC), ArcelorMittal Dofasco Ltd., JFE Holdings Inc., Nippon Steel & Sumitomo Metal Corp., HeidelbergCement North America LLC are major producers globally.

Automotive & transportation is estimated to be the fastest-growing application over the forecast period owing to rising automotive production across regions coupled with a growing preference for using lightweight materials during vehicle manufacturing.

Regional Analysis:

Asia Pacific accounted for the largest share in 2016 and is expected to continue its dominance over the forecast period. The region is home to several emerging economies, including China, India, Indonesia and Malaysia. Increasing demand for industrial equipment in these countries on account of rapid industrialization and rising manufacturing activities are projected to have a positive impact on industry growth over the next eight years.

Europe was another significant market that accounted for around 20% of total revenue share in 2016 owing to high penetration rates of advanced welding processes across various industries such as aerospace & defense, automotive & transportation, heavy machinery among others.

The Middle East & Africa (MEA) region has witnessed tremendous growth opportunities owing both domestic level government policies as well as global economic conditions have influenced purchasing power parity (PPP) levels across countries such as Saudi Arabia.

Growth Factors:

  • Increasing demand for welding consumables from the automotive and aerospace industries
  • Growing popularity of automated welding processes
  • Rising investments in infrastructure development projects
  • Proliferation of online sales channels for welding consumables
  • Technological advancements in welding consumables

Scope Of The Report

Report Attributes

Report Details

Report Title

Welding Consumables Market Research Report

By Type

Stick Electrodes, Solid Wires, Flux Cored Wires, SAW Wires & Fluxes

By Application

Aerospace & Defense, Automotive & Transportation, Construction, Energy, Heavy Machinery, Shipbuilding, Process, Others

By Companies

Colfax, Fronius International, Hyundai Welding, Illinois Tool Works, Kemppi, Obara, Panasonic, The Lincoln Electric, Tianjin Bridge Welding Materials, Voestalpine Bohler Welding

Regions Covered

North America, Europe, APAC, Latin America, MEA

Base Year


Historical Year

2019 to 2020 (Data from 2010 can be provided as per availability)

Forecast Year


Number of Pages


Number of Tables & Figures


Customization Available

Yes, the report can be customized as per your need.

Global Welding Consumables Market Report Segments:

The global Welding Consumables market is segmented on the basis of:


Stick Electrodes, Solid Wires, Flux Cored Wires, SAW Wires & Fluxes

The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.


Aerospace & Defense, Automotive & Transportation, Construction, Energy, Heavy Machinery, Shipbuilding, Process, Others

The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.

Some of the companies that are profiled in this report are:

  1. Colfax
  2. Fronius International
  3. Hyundai Welding
  4. Illinois Tool Works
  5. Kemppi
  6. Obara
  7. Panasonic
  8. The Lincoln Electric
  9. Tianjin Bridge Welding Materials
  10. Voestalpine Bohler Welding

Global Welding Consumables Market Overview

Highlights of The Welding Consumables Market Report:

  1. The market structure and projections for the coming years.
  2. Drivers, restraints, opportunities, and current trends of Alpha Hydroxy Acid for Cosmetic Market.
  3. Historical data and forecast.
  4. Estimations for the forecast period 2030.
  5. Developments and trends in the market.
  6. By Type:

    1. Stick Electrodes
    2. Solid Wires
    3. Flux Cored Wires
    4. SAW Wires & Fluxes
  1. By Application:

    1. Aerospace & Defense
    2. Automotive & Transportation
    3. Construction
    4. Energy
    5. Heavy Machinery
    6. Shipbuilding
    7. Process
    8. Others
  1. Market scenario by region, sub-region, and country.
  2. Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
  3. Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
  4. Government Policies, Macro & Micro economic factors are also included in the report.

We have studied the Welding Consumables Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.

Regional Analysis

  • North America
  • Europe
  • Asia Pacific
  • Middle East & Africa
  • Latin America

Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.

The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.

How you may use our products:

  • Correctly Positioning New Products
  • Market Entry Strategies
  • Business Expansion Strategies
  • Consumer Insights
  • Understanding Competition Scenario
  • Product & Brand Management
  • Channel & Customer Management
  • Identifying Appropriate Advertising Appeals

Global Welding Consumables Market Statistics

8 Reasons to Buy This Report

  1. Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
  2. Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
  3. Implemented Robust Methodology to Prepare the Report
  4. Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
  5. Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
  6. Provides Information About the Top-winning Strategies Implemented by Industry Players.
  7. In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
  8. Customization of the Report Available
1. Executive Summary

2. Assumptions and Acronyms Used

3. Research Methodology

4. Welding Consumables Market Overview
   4.1. Introduction
      4.1.1. Market Taxonomy
      4.1.2. Market Definition
   4.2. Macro-Economic Factors
      4.2.1. Industry Outlook
   4.3. Welding Consumables Market Dynamics
      4.3.1. Market Drivers
      4.3.2. Market Restraints
      4.3.3. Opportunity
      4.3.4. Market Trends
   4.4. Welding Consumables Market - Supply Chain
   4.5. Global Welding Consumables Market Forecast
      4.5.1. Welding Consumables Market Size (US$ Mn) and Y-o-Y Growth
      4.5.2. Welding Consumables Market Size (000’ Units) and Y-o-Y Growth
      4.5.3. Welding Consumables Market Absolute $ Opportunity

5. Global Welding Consumables Market Analysis and Forecast by Type
   5.1. Market Trends
   5.2. Introduction
      5.2.1. Basis Point Share (BPS) Analysis by Type
      5.2.2. Y-o-Y Growth Projections by Type
   5.3. Welding Consumables Market Size and Volume Forecast by Type
      5.3.1. Stick Electrodes
      5.3.2. Solid Wires
      5.3.3. Flux Cored Wires
      5.3.4. SAW Wires & Fluxes
   5.4. Absolute $ Opportunity Assessment by Type
   5.5. Market Attractiveness/Growth Potential Analysis by Type

6. Global Welding Consumables Market Analysis and Forecast by Application
   6.1. Market Trends
   6.2. Introduction
      6.2.1. Basis Point Share (BPS) Analysis by Application
      6.2.2. Y-o-Y Growth Projections by Application
   6.3. Welding Consumables Market Size and Volume Forecast by Application
      6.3.1. Aerospace & Defense
      6.3.2. Automotive & Transportation
      6.3.3. Construction
      6.3.4. Energy
      6.3.5. Heavy Machinery
      6.3.6. Shipbuilding
      6.3.7. Process
      6.3.8. Others
   6.4. Absolute $ Opportunity Assessment by Application
   6.5. Market Attractiveness/Growth Potential Analysis by Application

7. Global Welding Consumables Market Analysis and Forecast by Sales Channel
   7.1. Market Trends
   7.2. Introduction
      7.2.1. Basis Point Share (BPS) Analysis by Sales Channel 
      7.2.2. Y-o-Y Growth Projections by Sales Channel
   7.3. Welding Consumables Market Size and Volume Forecast by Sales Channel 
      7.3.1. Manufacturer/Distributor/Service Provider
      7.3.2. Aftermarket
   7.4. Absolute $ Opportunity Assessment by Sales Channel
   7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel

8. Global Welding Consumables Market Analysis and Forecast by Region
   8.1. Market Trends
   8.2. Introduction
      8.2.1. Basis Point Share (BPS) Analysis by Region
      8.2.2. Y-o-Y Growth Projections by Region
   8.3. Welding Consumables Market Size and Volume Forecast by Region
      8.3.1. North America
      8.3.2. Latin America
      8.3.3. Europe
      8.3.4. Asia Pacific
      8.3.5. Middle East and Africa (MEA)
   8.4. Absolute $ Opportunity Assessment by Region
   8.5. Market Attractiveness/Growth Potential Analysis by Region
   8.6. Global Welding Consumables Demand Share Forecast, 2019-2029

9. North America Welding Consumables Market Analysis and Forecast
   9.1. Introduction
      9.1.1. Basis Point Share (BPS) Analysis by Country
      9.1.2. Y-o-Y Growth Projections by Country
   9.2. North America Welding Consumables Market Size and Volume Forecast by Country
      9.2.1. U.S.
      9.2.2. Canada
   9.3. Absolute $ Opportunity Assessment by Country
   9.4. North America Welding Consumables Market Size and Volume Forecast by Application
      9.4.1. Aerospace & Defense
      9.4.2. Automotive & Transportation
      9.4.3. Construction
      9.4.4. Energy
      9.4.5. Heavy Machinery
      9.4.6. Shipbuilding
      9.4.7. Process
      9.4.8. Others
   9.5. Basis Point Share (BPS) Analysis by Application
   9.6. Y-o-Y Growth Projections by Application
   9.7. North America Welding Consumables Market Size and Volume Forecast by Type
      9.7.1. Stick Electrodes
      9.7.2. Solid Wires
      9.7.3. Flux Cored Wires
      9.7.4. SAW Wires & Fluxes
   9.8. Basis Point Share (BPS) Analysis by Type
   9.9. Y-o-Y Growth Projections by Type
   9.10. Market Attractiveness/Growth Potential Analysis
      9.10.1. By Country
      9.10.2. By Product Type
      9.10.3. By Application
      9.10.4. By Sales Channel
   9.11. North America Welding Consumables Demand Share Forecast, 2019-2029

10. Latin America Welding Consumables Market Analysis and Forecast
   10.1. Introduction
      10.1.1. Basis Point Share (BPS) Analysis by Country
      10.1.2. Y-o-Y Growth Projections by Country
      10.1.3. Latin America Average Pricing Analysis
   10.2. Latin America Welding Consumables Market Size and Volume Forecast by Country
      10.2.1. Brazil
      10.2.2. Mexico
      10.2.3. Rest of Latin America
   10.3. Absolute $ Opportunity Assessment by Country
   10.4. Latin America Welding Consumables Market Size and Volume Forecast by Application
      10.4.1. Aerospace & Defense
      10.4.2. Automotive & Transportation
      10.4.3. Construction
      10.4.4. Energy
      10.4.5. Heavy Machinery
      10.4.6. Shipbuilding
      10.4.7. Process
      10.4.8. Others
   10.5. Basis Point Share (BPS) Analysis by Application
   10.6. Y-o-Y Growth Projections by Application
   10.7. Latin America Welding Consumables Market Size and Volume Forecast by Type
      10.7.1. Stick Electrodes
      10.7.2. Solid Wires
      10.7.3. Flux Cored Wires
      10.7.4. SAW Wires & Fluxes
   10.8. Basis Point Share (BPS) Analysis by Type
   10.9. Y-o-Y Growth Projections by Type
   10.10. Market Attractiveness/Growth Potential Analysis
      10.10.1. By Country
      10.10.2. By Product Type
      10.10.3. By Application
      10.10.4. By Sales Channel
   10.11. Latin America Welding Consumables Demand Share Forecast, 2019-2029

11. Europe Welding Consumables Market Analysis and Forecast
   11.1. Introduction
      11.1.1. Basis Point Share (BPS) Analysis by Country
      11.1.2. Y-o-Y Growth Projections by Country
      11.1.3. Europe Average Pricing Analysis
   11.2. Europe Welding Consumables Market Size and Volume Forecast by Country
      11.2.1. Germany
      11.2.2. France
      11.2.3. Italy
      11.2.4. U.K.
      11.2.5. Spain
      11.2.6. Russia
      11.2.7. Rest of Europe
   11.3. Absolute $ Opportunity Assessment by Country
   11.4. Europe Welding Consumables Market Size and Volume Forecast by Application
      11.4.1. Aerospace & Defense
      11.4.2. Automotive & Transportation
      11.4.3. Construction
      11.4.4. Energy
      11.4.5. Heavy Machinery
      11.4.6. Shipbuilding
      11.4.7. Process
      11.4.8. Others
   11.5. Basis Point Share (BPS) Analysis by Application
   11.6. Y-o-Y Growth Projections by Application
   11.7. Europe Welding Consumables Market Size and Volume Forecast by Type
      11.7.1. Stick Electrodes
      11.7.2. Solid ires
      11.7.3. Flux Cored Wires
      11.7.4. SAW Wires & Fluxes
   11.8. Basis Point Share (BPS) Analysis by Type
   11.9. Y-o-Y Growth Projections by Type
   11.10. Market Attractiveness/Growth Potential Analysis
      11.10.1. By Country
      11.10.2. By Product Type
      11.10.3. By Application
      11.10.4. By Sales Channel
   11.11. Europe Welding Consumables Demand Share, 2019-2029

12. Asia Pacific Welding Consumables Market Analysis and Forecast
   12.1. Introduction
      12.1.1. Basis Point Share (BPS) Analysis by Country
      12.1.2. Y-o-Y Growth Projections by Country
      12.1.3. Asia Pacific Average Pricing Analysis
   12.2. Asia Pacific Welding Consumables Market Size and Volume Forecast by Country
      12.2.1. China
      12.2.2. Japan
      12.2.3. South Korea
      12.2.4. India
      12.2.5. Australia
      12.2.6. Rest of Asia Pacific (APAC)
   12.3. Absolute $ Opportunity Assessment by Country
   12.4. Asia Pacific Welding Consumables Market Size and Volume Forecast by Application
      12.4.1. Aerospace & Defense
      12.4.2. Automotive & Transportation
      12.4.3. Construction
      12.4.4. Energy
      12.4.5. Heavy Machinery
      12.4.6. Shipbuilding
      12.4.7. Process
      12.4.8. Others
   12.5. Basis Point Share (BPS) Analysis by Application
   12.6. Y-o-Y Growth Projections by Application
   12.7. Asia Pacific Welding Consumables Market Size and Volume Forecast by Type
      12.7.1. Stick Electrodes
      12.7.2. Solid Wires
      12.7.3. Flux Cored Wires
      12.7.4. SAW Wires & Fluxes
   12.8. Basis Point Share (BPS) Analysis by Type
   12.9. Y-o-Y Growth Projections by Type
   12.10. Market Attractiveness/Growth Potential Analysis
      12.10.1. By Country
      12.10.2. By Product Type
      12.10.3. By Application
      12.10.4. By Sales Channel
   12.11. Asia Pacific Welding Consumables Demand Share, 2019-2029

13. Middle East & Africa Welding Consumables Market Analysis and Forecast
   13.1. Introduction
      13.1.1. Basis Point Share (BPS) Analysis by Country
      13.1.2. Y-o-Y Growth Projections by Country
      13.1.3. Asia Pacific Average Pricing Analysis
   13.2. Middle East & Africa Welding Consumables Market Size and Volume Forecast by Country
      13.2.1. Saudi Arabia
      13.2.2. South Africa
      13.2.3. UAE
      13.2.4. Rest of Middle East & Africa (MEA)
   13.3. Absolute $ Opportunity Assessment by Country
   13.4. Middle East & Africa Welding Consumables Market Size and Volume Forecast by Application
      13.4.1. Aerospace & Defense
      13.4.2. Automotive & Transportation
      13.4.3. Construction
      13.4.4. Energy
      13.4.5. Heavy Machinery
      13.4.6. Shipbuilding
      13.4.7. Process
      13.4.8. Others
   13.5. Basis Point Share (BPS) Analysis by Application
   13.6. Y-o-Y Growth Projections by Application
   13.7. Middle East & Africa Welding Consumables Market Size and Volume Forecast by Type
      13.7.1. Stick Electrodes
      13.7.2. Solid Wires
      13.7.3. Flux Cored Wires
      13.7.4. SAW Wires & Fluxes
   13.8. Basis Point Share (BPS) Analysis by Type
   13.9. Y-o-Y Growth Projections by Type
   13.10. Market Attractiveness/Growth Potential Analysis
      13.10.1. By Country
      13.10.2. By Product Type
      13.10.3. By Application
      13.10.4. By Sales Channel
   13.11. Middle East & Africa Welding Consumables Demand Share, 2019-2029

14. Competition Landscape
   14.1. Global Welding Consumables Market: Market Share Analysis
   14.2. Welding Consumables Distributors and Customers
   14.3. Welding Consumables Market: Competitive Dashboard
   14.4. Company Profiles (Details – Overview, Financials, Developments, Strategy) 
      14.4.1. Colfax Overview Financials Developments Strategic Outlook
      14.4.2. Fronius International Overview Financials Developments Strategic Outlook
      14.4.3. Hyundai Welding Overview Financials Developments Strategic Outlook
      14.4.4. Illinois Tool Works Overview Financials Developments Strategic Outlook
      14.4.5. Kemppi Overview Financials Developments Strategic Outlook
      14.4.6. Obara Overview Financials Developments Strategic Outlook
      14.4.7. Panasonic Overview Financials Developments Strategic Outlook
      14.4.8. The Lincoln Electric Overview Financials Developments Strategic Outlook
      14.4.9. Tianjin Bridge Welding Materials Overview Financials Developments Strategic Outlook
      14.4.10. Voestalpine Bohler Welding Overview Financials Developments Strategic Outlook
      14.4.11. COMPANY 11 Overview Financials Developments Strategic Outlook
      14.4.12. COMPANY 12 Overview Financials Developments Strategic Outlook
      14.4.13. COMPANY 13 Overview Financials Developments Strategic Outlook
      14.4.14. COMPANY 14 Overview Financials Developments Strategic Outlook
      14.4.15. COMPANY 15 Overview Financials Developments Strategic Outlook
      14.4.16. COMPANY 16 Overview Financials Developments Strategic Outlook
      14.4.17. COMPANY 17 Overview Financials Developments Strategic Outlook
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