Market Overview:
The global welding powder market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth of the welding powder market can be attributed to the increasing demand for welded products from various end-use industries, such as shipping, mechanical, and electronics industries. In addition, the growing demand for lightweight and high-strength materials is also fueling the growth of the welding powder market. Based on type, the global welding powder market can be segmented into ferrous based, silver based, copper based, aluminum based nickel based titaniumbased and others segments. Among these segments, ferrousbased welding powders are expected to account for a major share in terms of revenue in 2018 owing to their high usage in various end-use industries across different regions globally.
Product Definition:
Welding powder is a type of welding consumable that is used to join two pieces of metal together. It is made up of small particles of metal that are melted and then deposited onto the weld joint. Welding powder helps to fill in any gaps between the two pieces of metal, which helps to create a strong bond.
Ferrous Based:
The global ferrous based, it's usage and growth factor in welding powder market size was valued at USD 1.05 billion in 2015. The industry is expected to witness significant growth owing to the increasing demand for stainless steel and aluminum alloys from various end-use industries such as construction, automotive, aerospace & defense along with growing preference for lightweight materials in the manufacturing sector.
Silver Based:
Welding powders made of silver based alloys have excellent properties such as high corrosion resistance, ductility and tensile strength. These are used in various applications including shipbuilding, automotive industry and offshore exploration due to their excellent properties.
The global welding powder market is expected to witness significant growth on account of growing demand from the construction sector for repairing steel structures during maintenance or renovation activities. This is expected to drive the demand over the forecast period.
Application Insights:
The mechanical industry was the largest application segment in 2016 and accounted for a market share of over 40% by revenue. The growth can be attributed to increasing demand for metals from various industries including construction, automotive, aerospace, and marine. In addition to being used as an alternative to metal powders in the manufacturing process of these products; they are also used as a filler material in order to improve specific properties such as flowability and handling characteristics.
Electronics industry is expected register significant gains owing to rising demand for electronic devices across the globe coupled with growing use of welding processes during production & assembly operations. Electronic grade welded (EGW) pipe is manufactured using carbon steel or stainless steel grades which are subsequently covered with nickel based or aluminum based powder coatings resulting into excellent electrical conductivity properties which make them suitable for use in electronics applications including printed circuit boards (PCB), electric cables, telecommunication lines & equipment components among others.
Regional Analysis:
Asia Pacific accounted for the largest share of over 40% in 2017. The region is expected to witness significant growth owing to increasing demand from various application industries, especially from China and India. In addition, rising construction activities due to growing population are anticipated to fuel the product demand further.
The Middle East & Africa is projected to be one of the fastest-growing regions with a CAGR of XX% during the forecast period on account of rapid development in oil & gas industry coupled with government initiatives for infrastructure development in countries such as Saudi Arabia and UAE. Furthermore, rising investments by domestic players such as National Oilwell Varco (NOV) and drilling contractor Halliburton are expected drive regional growth over next few years.
In North America, UHMWPE powder has been witnessing high demand from applications including power generation that requires resistance against heat generated by machinery parts during operation or transportation vehicles etc.
Growth Factors:
- Increasing demand for lightweight and high-strength materials in automotive and aerospace industries is expected to drive the welding powder market growth.
- Rising demand for advanced welding technologies across various end-use industries is also anticipated to fuel the market growth over the forecast period.
- Growing popularity of laser beam welding (LBW) technology is projected to boost the welding powder market growth in near future. LBW offers several advantages such as low heat input, high weld quality, and reduced distortion which are fueling its adoption among various manufacturing sectors.
- Stringent government regulations pertaining to environmental protection are likely to create new opportunities for welding powder manufacturers in coming years. Welding powders help reduce environmental pollution by eliminating use of harmful gases and fumes during the welding process as compared with traditional methods such as gas tungsten arc welding (GTAW) and shielded metal arc welding (SMAW). 5 Emerging economies including China, India, Brazil, Mexico are expected to offer lucrative opportunities for welders powder manufacturers owing to increasing investments in infrastructure development projects
Scope Of The Report
Report Attributes
Report Details
Report Title
Welding Powder Market Research Report
By Type
Ferrous Based, Silver Based, Copper Based, Aluminum Based, Nickel Based, Titanium Based, Others
By Application
Shipping Industry, Mechanical Industry, Electronics Industry, Oil Industry, Coal Industry, Boiler Industry, Other
By Companies
Harris, GENSA Group, NiGK Corporation, H.C. Starck, AMG Superalloys UK, Shanghai Zhongzhou Special Alloy Materials, Tongling Xinxin Welding Materials, Pometon Powder, Xinchang Shibang New Material Co., Shaheen, A-WORKS, A.N. Wallis, Grecian Magnesite
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
250
Number of Tables & Figures
175
Customization Available
Yes, the report can be customized as per your need.
Global Welding Powder Market Report Segments:
The global Welding Powder market is segmented on the basis of:
Types
Ferrous Based, Silver Based, Copper Based, Aluminum Based, Nickel Based, Titanium Based, Others
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.
Applications
Shipping Industry, Mechanical Industry, Electronics Industry, Oil Industry, Coal Industry, Boiler Industry, Other
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:
- Harris
- GENSA Group
- NiGK Corporation
- H.C. Starck
- AMG Superalloys UK
- Shanghai Zhongzhou Special Alloy Materials
- Tongling Xinxin Welding Materials
- Pometon Powder
- Xinchang Shibang New Material Co.
- Shaheen
- A-WORKS
- A.N. Wallis
- Grecian Magnesite
Highlights of The Welding Powder Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Ferrous Based
- Silver Based
- Copper Based
- Aluminum Based
- Nickel Based
- Titanium Based
- Others
- By Application:
- Shipping Industry
- Mechanical Industry
- Electronics Industry
- Oil Industry
- Coal Industry
- Boiler Industry
- Other
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Welding Powder 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.
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Welding powder is a fine, black powder that is used to weld metals. It is made from a variety of materials, including aluminum and iron. Welding powder can be used in gas or electric welding machines to create joints between metal pieces.
Some of the major players in the welding powder market are Harris, GENSA Group, NiGK Corporation, H.C. Starck, AMG Superalloys UK, Shanghai Zhongzhou Special Alloy Materials, Tongling Xinxin Welding Materials, Pometon Powder, Xinchang Shibang New Material Co., Shaheen, A-WORKS, A.N. Wallis, Grecian Magnesite.
The welding powder market is expected to grow at a compound annual growth rate of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Welding Powder 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 Powder Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Welding Powder Market - Supply Chain
4.5. Global Welding Powder Market Forecast
4.5.1. Welding Powder Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Welding Powder Market Size (000 Units) and Y-o-Y Growth
4.5.3. Welding Powder Market Absolute $ Opportunity
5. Global Welding Powder 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 Powder Market Size and Volume Forecast by Type
5.3.1. Ferrous Based
5.3.2. Silver Based
5.3.3. Copper Based
5.3.4. Aluminum Based
5.3.5. Nickel Based
5.3.6. Titanium Based
5.3.7. Others
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Welding Powder 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 Powder Market Size and Volume Forecast by Application
6.3.1. Shipping Industry
6.3.2. Mechanical Industry
6.3.3. Electronics Industry
6.3.4. Oil Industry
6.3.5. Coal Industry
6.3.6. Boiler Industry
6.3.7. Other
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Welding Powder 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 Powder 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 Powder 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 Powder 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 Powder Demand Share Forecast, 2019-2026
9. North America Welding Powder 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 Powder 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 Powder Market Size and Volume Forecast by Application
9.4.1. Shipping Industry
9.4.2. Mechanical Industry
9.4.3. Electronics Industry
9.4.4. Oil Industry
9.4.5. Coal Industry
9.4.6. Boiler Industry
9.4.7. Other
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Welding Powder Market Size and Volume Forecast by Type
9.7.1. Ferrous Based
9.7.2. Silver Based
9.7.3. Copper Based
9.7.4. Aluminum Based
9.7.5. Nickel Based
9.7.6. Titanium Based
9.7.7. Others
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 Powder Demand Share Forecast, 2019-2026
10. Latin America Welding Powder 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 Powder 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 Powder Market Size and Volume Forecast by Application
10.4.1. Shipping Industry
10.4.2. Mechanical Industry
10.4.3. Electronics Industry
10.4.4. Oil Industry
10.4.5. Coal Industry
10.4.6. Boiler Industry
10.4.7. Other
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Welding Powder Market Size and Volume Forecast by Type
10.7.1. Ferrous Based
10.7.2. Silver Based
10.7.3. Copper Based
10.7.4. Aluminum Based
10.7.5. Nickel Based
10.7.6. Titanium Based
10.7.7. Others
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 Powder Demand Share Forecast, 2019-2026
11. Europe Welding Powder 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 Powder 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 Powder Market Size and Volume Forecast by Application
11.4.1. Shipping Industry
11.4.2. Mechanical Industry
11.4.3. Electronics Industry
11.4.4. Oil Industry
11.4.5. Coal Industry
11.4.6. Boiler Industry
11.4.7. Other
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Welding Powder Market Size and Volume Forecast by Type
11.7.1. Ferrous Based
11.7.2. Silver Based
11.7.3. Copper Based
11.7.4. Aluminum Based
11.7.5. Nickel Based
11.7.6. Titanium Based
11.7.7. Others
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 Powder Demand Share, 2019-2026
12. Asia Pacific Welding Powder 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 Powder 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 Powder Market Size and Volume Forecast by Application
12.4.1. Shipping Industry
12.4.2. Mechanical Industry
12.4.3. Electronics Industry
12.4.4. Oil Industry
12.4.5. Coal Industry
12.4.6. Boiler Industry
12.4.7. Other
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Welding Powder Market Size and Volume Forecast by Type
12.7.1. Ferrous Based
12.7.2. Silver Based
12.7.3. Copper Based
12.7.4. Aluminum Based
12.7.5. Nickel Based
12.7.6. Titanium Based
12.7.7. Others
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 Powder Demand Share, 2019-2026
13. Middle East & Africa Welding Powder 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 Powder 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 Powder Market Size and Volume Forecast by Application
13.4.1. Shipping Industry
13.4.2. Mechanical Industry
13.4.3. Electronics Industry
13.4.4. Oil Industry
13.4.5. Coal Industry
13.4.6. Boiler Industry
13.4.7. Other
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Welding Powder Market Size and Volume Forecast by Type
13.7.1. Ferrous Based
13.7.2. Silver Based
13.7.3. Copper Based
13.7.4. Aluminum Based
13.7.5. Nickel Based
13.7.6. Titanium Based
13.7.7. Others
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 Powder Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Welding Powder Market: Market Share Analysis
14.2. Welding Powder Distributors and Customers
14.3. Welding Powder Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Harris
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. GENSA Group
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. NiGK Corporation
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. H.C. Starck
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. AMG Superalloys UK
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Shanghai Zhongzhou Special Alloy Materials
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Tongling Xinxin Welding Materials
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Pometon Powder
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Xinchang Shibang New Material Co.
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Shaheen
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. A-WORKS
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. A.N. Wallis
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. Grecian Magnesite
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
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