Welding consumables refer to welding filler materials and related components used in welding processes to join or rebuild metal components that experience wear and tear. The most common welding consumables are welding electrodes, filler wires, filler cords and shielding gases. The demand for welding consumables is rising sharply due to growing infrastructure projects and expansion of the global automotive industry. With rise in manufacturing activities, demand for durable welded components and parts is growing rapidly. Welding processes are now being preferred over other traditional joining methods owing to advantages such as stronger bonds, reduced production time and cost efficiency.

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 include 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: Growing infrastructure development and expansion of the automotive industry in developing countries presents significant growth opportunities for players in the Global Welding Consumables Market Trends There is a rising demand for durable and high-quality welded components from various end-use industries.

Technological advancements: Manufacturers are investing in developing advanced welding consumables and technologies such as laser beam welding and flux-cored arc welding to improve welding efficiency for complex geometries and dissimilar metal joining. 3D printing of welding consumables is also gaining traction.

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