Welding Materials Market by Type (Electrodes & Filler Materials, Fluxes & Wires, Gases), Technology (Arc, Resistance, Oxy-Fuel Welding), End-use Industry (Transportation, Building & Construction, Heavy Industries), & Region - Global Forecast to 2025

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Date: 05-Mar-2021
No. of pages: 148
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“Increasing demand for welding materials from the building & construction industry, especially in the Asia Pacific region, is expected to drive the demand for welding materials in the near future.”

The welding materials market is projected to grow from USD 13.6 billion in 2020 to USD 17.3 billion by 2025, at a CAGR of 4.8% during the forecast period. The increasing spending on the building & construction market, development of manufacturing sectors, and growing repair & maintenance activities are likely to drive the welding materials market. APAC is the fastest-growing market for welding materials due to growing demand in Japan, China, and India. Increasing residential building constructions, as well as remodeling/reconstruction of existing infrastructures, are expected to drive the welding materials market in the region.

“In terms of value, arc welding segment is projected to lead the global welding materials market through 2025.”

The arc welding segment is projected to lead the welding materials market, in terms of value, during the forecast period. Arc welding has the advantage of high heat concentration during the welding process wherein an electric arc is produced in between the electrode & base materials that melt the metals. The major advantage of arc welding is the concentration of heat applied to a large surface that enables better welding by providing a depth of penetration, which ultimately reduces the welding time. Arc welding is the most preferred welding technology due to its low cost and can be applied to a wide range of metal surfaces.

“The fluxes & wires segment is projected to be the fastest-growing segment by end-use industry throughout the forecast period.”

The fluxes & wires segment is projected to be the fastest-growing segment by end-use industry throughout the forecast period. Flux is a chemical agent, which is used to clean a surface or can be used as a purifying agent. The flux material is used to dissolve the oxides by releasing gases that are trapped on the surface. Fluxes also help remove the impurities from the base metal surface that can further provide a good blending between the base metal and the filler material surface.

In terms of value, the Asia Pacific welding materials market is projected to grow at the highest CAGR during the forecast period.”

APAC is the largest producer and consumer of welding materials across the globe, with almost all major manufacturers and end-use companies present in the region. APAC has witnessed tremendous growth in the past few years, driven by the growing population, favorable investment policies, growing economies, and government initiatives directed at promoting electronics and automobile industries in the region. Cheap labor costs, coupled with favorable import-export policies, have made APAC an ideal market for automotive OEMs as well as electronics manufacturers, which, in turn, are expected to drive the regional welding materials demand.

The increasing number of new housing units and huge investments in the infrastructural sector are also fueling the demand for welding materials in this region. According to the World Bank, APAC is the fastest-growing region in terms of both population and economic growth. The region has experienced significant growth in the last decade and accounted for approximately 34% of the global GDP in 2019. According to the Population Reference Bureau, China, India, and other emerging APAC countries had a combined population exceeding 4 billion in 2019, which is projected to become an increasingly important driver for global consumption over the next two decades.


  • By Department: Sales/Export/Marketing: 54%, Production: 23%, and CXOs: 23%

  • By Designation: Managers: 61%, CXOs: 23%, and Executives: 16%

  • By Region: North America: 33%, Europe: 27%, Asia Pacific: 25%, Middle East & Africa: 10%, and South America: 5%


The global welding materials market comprises major manufacturers, such as Colfax Corporation (US), Air Liquide S.A. (Framce), Air Products & Chemicals (US), Illinois Tool Works (US), Linde PLC (UK), Lincoln Electric Holdings (US), Tianjin Bridge Welding Materials Group (China), and Kobe Steel (Japan).

Research Coverage

The market study covers the welding materials market across various segments. It aims at estimating the market size and the growth potential of this market across different segments based on type, technology, end-use industry, and region. The study also includes an in-depth competitive analysis of key players in the market, along with their company profiles, key observations related to their products and business offerings, recent developments undertaken by them, and key growth strategies adopted by them to enhance their position in the welding materials market.

Key Benefits of Buying the Report

The report is projected to help the market leaders/new entrants in this market with information on the closest approximations of the revenue numbers of the overall welding materials market and its segments and sub-segments. This report is projected to help stakeholders understand the competitive landscape of the market and gain insights to improve the position of their businesses and plan suitable go-to-market strategies. The report also aims at helping stakeholders understand the pulse of the market and provides them with information on the key market drivers, challenges, and opportunities.

Welding Materials Market by Type (Electrodes & Filler Materials, Fluxes & Wires, Gases), Technology (Arc, Resistance, Oxy-Fuel Welding), End-use Industry (Transportation, Building & Construction, Heavy Industries), & Region - Global Forecast to 2025

Table Of Contents

1 Introduction
1.1 Objectives Of The Study
1.2 Market Definition
1.3 Scope Of The Study
1.3.1 Years Considered For The Study
1.4 Currency
1.5 Stakeholders
1.6 Summary Of Changes

2 Research Methodology
2.1 Research Data
2.1.1 Secondary Data
2.1.1.1 Key Data From Secondary Sources
2.1.2 Primary Data
2.1.2.1 Key Data From Primary Sources
2.2 Market Size Estimation
2.2.1 Approach
2.3 Data Triangulation
2.4 Assumptions
2.5 Limitations

3 Executive Summary

4 Premium Insights
4.1 Apac To Witness The Highest Growth Rate Due To Increasing Construction Activities
4.2 Welding Materials Market, By Region And End-Use Industry, 2019
4.3 Global Welding Materials Market, By Country

5 Market Overview
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.1.1 Increasing Demand From End-Use Industries
5.2.1.2 Long-Term Growth In Emerging Markets And Global Energy Infrastructural Investments
5.2.2 Restraints
5.2.2.1 Environmental Impacts Of Welding Materials
5.2.3 Opportunities
5.2.3.1 Growth Prospect In Developing Countries
5.2.3.2 New And Advanced Applications
5.2.4 Challenges
5.2.4.1 Shortage Of Skilled Labor And High Labor Cost

6 Industry Trends
6.1 Introduction
6.2 Value Chain
6.2.1 Prominent Companies
6.2.2 Small & Medium Enterprises
6.3 Porter’s Five Forces Analysis
6.3.1 Threat Of New Entrants
6.3.2 Threat Of Substitutes
6.3.3 Bargaining Power Of Suppliers
6.3.4 Bargaining Power Of Buyers
6.3.5 Intensity Of Competitive Rivalry
6.4 Impact Of Covid-19 On Welding Materials Market
6.5 Insights On Arc Welding And Spot Welding
6.5.1 Arc Welding
6.5.2 Spot Welding
6.5.3 Trends
6.5.3.1 Consumable Trends
6.5.3.2 Automation
6.5.3.3 New Processes
6.5.3.4 Advanced Materials
6.5.3.5 Micro Welding

7 Welding Materials Market, By Technology
7.1 Introduction
7.2 Arc Welding
7.2.1 Most Preffered Technology For Welding Process
7.3 Resistance Welding
7.3.1 Generally Used For Welding Thinner Gauge Metals
7.4 Oxy-Fuel Welding
7.4.1 Can Be Used To Weld In Places That Do Not Have Access To Electricity
7.5 Others

8 Welding Materials Market, By Type
8.1 Introduction
8.2 Electrodes & Filler Materials
8.2.1 Economical And Can Be Used On A Wide Range Of Metals
8.3 Fluxes & Wires
8.3.1 Fluxes Shield The Weld From The Atmosphere And Prevent Oxidation
8.4 Gases
8.4.1 Mainly Used To Protect Molten Metals From Contamination And Oxidation

9 Welding Materials Market, By End-Use Industry
9.1 Introduction
9.2 Transportation
9.2.1 Key End-Use Industry Of Welding Materials
9.3 Building & Construction
9.3.1 Increasing Construction Activities In Emerging Economies To Boost The Market
9.4 Heavy Industries
9.4.1 Welding Is Essential For Repairing Ships, Pipelines, And Offshore Oil Platforms
9.5 Others

10 Welding Materials Market, By Region
10.1 Introduction
10.2 Apac
10.2.1 China
10.2.1.1 Largest Producer And Consumer Of Welding Materials
10.2.2 Japan
10.2.2.1 Market Growth Supported By Innovations In The Transportation Industry
10.2.3 India
10.2.3.1 To Be The Fastest-Growing Market In Apac By 2025
10.2.4 Indonesia
10.2.4.1 Growing Population To Boost Construction Demand And The Welding Materials Market
10.2.5 Rest Of Apac
10.3 North America
10.3.1 Us
10.3.1.1 Us To Lead The Welding Materials Market In North America By 2025
10.3.2 Canada
10.3.2.1 High Usage Of Welding Materials Due To Vast Automobile Industry
10.3.3 Mexico
10.3.3.1 To Be The Fastest-Growing Market In North America
10.4 Europe
10.4.1 Germany
10.4.1.1 To Dominate The Welding Materials Market In Europe By 2025
10.4.2 Uk
10.4.2.1 Growth In The Automotive Industry To Offer Lucrative Opportunities For The Market
10.4.3 France
10.4.3.1 Increasing Foreign Investments In Various End-Use Industries To Drive The Welding Materials Market
10.4.4 Russia
10.4.4.1 Market Growth Supported By The Rise In Public And Private Construction Projects
10.4.5 Italy
10.4.5.1 Market Growth Favored By The Vast Automotive Industry
10.4.6 Netherlands
10.4.6.1 Growth In The Manufacturing Sector Significantly Contributes To The Increase In Demand For Welding Materials
10.4.7 Rest Of Europe
10.5 Middle East & Africa
10.5.1 Saudi Arabia
10.5.1.1 Market Growth Supported By Increasing Government Investments Toward Public Infrastructure-Related Projects
10.5.2 South Africa
10.5.2.1 Growing Automotive Trade To Boost The Market In South Africa
10.5.3 Rest Of Middle East & Africa
10.6 South America
10.6.1 Brazil
10.6.1.1 Brazil To Dominate The Welding Materials Market In South America
10.6.2 Argentina
10.6.2.1 Government Focus On Encouraging Automotive Industry Is An Important Driving Force
10.6.3 Rest Of South America

11 Competitive Landscape
11.1 Overview
11.2 Competitive Scenario
11.2.1 Merger & Acquisition
11.2.2 Expansion & Investment
11.2.3 Joint Venture & Agreement
11.2.4 New Product Development
11.3 Competitive Evaluation Matrix
11.3.1 Overview
11.3.2 Star
11.3.3 Emerging Leaders
11.3.4 Pervasive
11.3.5 Emerging Companies
11.4 Strength Of Product Portfolio
11.5 Business Strategy Excellence

12 Company Profiles
12.1 Air Liquide S.A.
12.1.1 Business Overview
12.1.2 Financial Assessment
12.1.3 Operational Assessment
12.1.4 Products Offered
12.1.5 Recent Developments
12.1.6 Swot Analysis
12.1.7 Current Focus And Strategies
12.1.8 Winning Imperatives
12.1.9 Right To Win
12.2 Air Products & Chemicals Inc.
12.2.1 Business Overview
12.2.2 Financial Assessment
12.2.3 Products Offered
12.2.4 Recent Developments
12.2.5 Swot Analysis
12.2.6 Current Focus And Strategies
12.2.7 Winning Imperatives
12.2.8 Right To Win
12.3 Colfax Corporation
12.3.1 Business Overview
12.3.2 Financial Assessment
12.3.3 Products Offered
12.3.4 Recent Developments
12.3.5 Swot Analysis
12.3.6 Winning Imperatives
12.3.7 Right To Win
12.4 Illinois Tool Works Inc.
12.4.1 Business Overview
12.4.2 Financial Assessment
12.4.3 Products Offered
12.4.4 Swot Analysis
12.4.5 Current Focus And Strategies
12.4.6 Winning Imperatives
12.4.7 Right To Win
12.5 Linde Plc
12.5.1 Business Overview
12.5.2 Financial Assessment
12.5.3 Products Offered
12.5.4 Recent Developments
12.5.5 Swot Analysis
12.5.6 Right To Win
12.6 Lincoln Electric Holdings
12.6.1 Business Overview
12.6.2 Financial Assessment
12.6.3 Products Offered
12.6.4 Recent Developments
12.6.5 Right To Win
12.7 Ador Welding Limited
12.7.1 Business Overview
12.7.2 Products Offered
12.7.3 Right To Win
12.8 Tianjin Bridge Welding Materials Group Co. Ltd.
12.8.1 Business Overview
12.8.2 Products Offered
12.8.3 Right To Win
12.9 Kobe Steel (Kobelco)
12.9.1 Business Overview
12.9.2 Products Offered
12.9.3 Right To Win
12.10 Other Players
12.10.1 Precision Castparts Corp.
12.10.2 Rolled Alloys
12.10.3 Laiwu Jincai Welding Materials Co. Ltd
12.10.4 Advanced Technologies And Materials Co. Ltd.
12.10.5 Hyundai Welding Co. Ltd.
12.10.6 Zulfi Welding Electrodes Factory Co. Ltd.
12.11 Welding Machine Manufacturers
12.11.1 Denyo Co. Ltd
12.11.2 Acro Automation Systems Inc. (Us)
12.11.3 Panasonic Corporation
12.11.4 Esab
12.11.5 Voestalpine Bohler Welding Gmbh
12.11.6 Carl Cloos Schweisstechnik Gmbh
12.11.7 Daihen Corporation
12.11.8 Banner Welding Inc
12.11.9 Sonics & Materials, Inc.
12.11.10 Amada Weld Tech
12.11.11 Fronius International Gmbh

13 Appendix
13.1 Discussion Guide
13.2 Knowledge Store: Marketsandmarkets’ Subscription Portal
13.3 Available Customizations
13.4 Related Reports
13.5 Author Details

List Of Tables

Table 1 Welding Materials Market Size, By Technology, 2018–2025 (Usd Million)
Table 2 Welding Materials Market Size, By Type, 2018–2025 (Usd Million)
Table 3 Welding Materials Market Size, By End-Use Industry, 2018–2025 (Usd Million)
Table 4 Welding Materials Market Size, By Region, 2018–2025 (Usd Million)
Table 5 North America: Welding Materials Market Size, By Technology, 2018–2025 (Usd Million)
Table 6 North America: Welding Materials Market Size, By Type, 2018–2025 (Usd Million)
Table 7 North America: Welding Materials Market Size, By End-Use Industry, 2018–2025 (Usd Million)
Table 8 Apac: Welding Materials Market Size, By Country, 2018–2025 (Usd Million)
Table 9 Apac: Welding Materials Market Size, By Technology, 2018–2025 (Usd Million)
Table 10 Apac: Welding Materials Market Size, By Type, 2018–2025 (Usd Million)
Table 11 Apac: Welding Materials Market Size, By End-Use Industry, 2018–2025 (Usd Million)
Table 12 China: Welding Materials Market Size, By Type, 2018–2025 (Usd Million)
Table 13 China: Welding Materials Market Size, By End-Use Industry, 2018–2025 (Usd Million)
Table 14 Japan: Welding Materials Market Size, By Type, 2018–2025 (Usd Million)
Table 15 Japan: Welding Materials Market Size, By End-Use Industry, 2018–2025 (Usd Million)
Table 16 India: Welding Materials Market Size, By Type, 2018–2025 (Usd Million)
Table 17 India: Welding Materials Market Size, By End-Use Industry, 2018–2025 (Usd Million)
Table 18 Indonesia: Welding Materials Market Size, By Type, 2018–2025 (Usd Million)
Table 19 Indonesia: Welding Materials Market Size, By End-Use Industry, 2018–2025 (Usd Million)
Table 20 Rest Of Apac: Welding Materials Market Size, By Type, 2018–2025 (Usd Million)
Table 21 Rest Of Apac: Welding Materials Market Size, By End-Use Industry, 2018–2025 (Usd Million)
Table 22 North America: Welding Materials Market Size, By Country, 2018–2025 (Usd Million)
Table 23 North America: Welding Materials Market Size, By Technology, 2018–2025 (Usd Million)
Table 24 North America: Welding Materials Market Size, By Type, 2018–2025 (Usd Million)
Table 25 North America: Welding Materials Market Size, By End-Use Industry, 2018–2025 (Usd Million)
Table 26 Us: Welding Materials Market Size, By Type, 2018–2025 (Usd Million)
Table 27 Us: Welding Materials Market Size, By End-Use Industry, 2018–2025 (Usd Million)
Table 28 Canada: Welding Materials Market Size, By Type, 2018–2025 (Usd Million)
Table 29 Canada: Welding Materials Market Size, By End-Use Industry, 2018–2025 (Usd Million)
Table 30 Mexico: Welding Materials Market Size, By Type, 2018–2025 (Usd Million)
Table 31 Mexico: Welding Materials Market Size, By End-Use Industry, 2018–2025 (Usd Million)
Table 32 Europe: Welding Materials Market Size, By Country, 2018–2025 (Usd Million)
Table 33 Europe: Welding Materials Market Size, By Technology, 2018–2025 (Usd Million)
Table 34 Europe: Welding Materials Market Size, By Type, 2018–2025 (Usd Million)
Table 35 Europe: Welding Materials Market Size, By End-Use Industry, 2018–2025 (Usd Million)
Table 36 Germany: Welding Materials Market Size, By Type, 2018–2025 (Usd Million)
Table 37 Germany: Welding Materials Market Size, By End-Use Industry, 2018–2025 (Usd Million)
Table 38 Uk: Welding Materials Market Size, By Type, 2018–2025 (Usd Million)
Table 39 Uk: Welding Materials Market Size, By End-Use Industry, 2018–2025 (Usd Million)
Table 40 France: Welding Materials Market Size, By Type, 2018–2025 (Usd Million)
Table 41 France: Welding Materials Market Size, By End-Use Industry, 2018–2025 (Usd Million)
Table 42 Russia: Welding Materials Market Size, By Type, 2018–2025 (Usd Million)
Table 43 Russia: Welding Materials Market Size, By End-Use Industry, 2018–2025 (Usd Million)
Table 44 Italy: Welding Materials Market Size, By Type, 2018–2025 (Usd Million)
Table 45 Italy: Welding Materials Market Size, By End-Use Industry, 2018–2025 (Usd Million)
Table 46 Netherlands: Welding Materials Market Size, By Type, 2018–2025 (Usd Million)
Table 47 Netherlands: Welding Materials Market Size, By End-Use Industry, 2018–2025 (Usd Million)
Table 48 Rest Of Europe: Welding Materials Market Size, By Type, 2018–2025 (Usd Million)
Table 49 Rest Of Europe: Welding Materials Market Size, By End-Use Industry, 2018–2025 (Usd Million)
Table 50 Middle East & Africa: Welding Materials Market Size, By Country, 2018–2025 (Usd Million)
Table 51 Middle East & Africa: Welding Materials Market Size, By Technology, 2018–2025 (Usd Million)
Table 52 Middle East & Africa: Welding Materials Market Size, By Type, 2018–2025 (Usd Million)
Table 53 Middle East & Africa: Welding Materials Market Size, By End-Use Industry, 2018–2025 (Usd Million)
Table 54 Saudi Arabia: Welding Materials Market Size, By Type, 2018–2025 (Usd Million)
Table 55 Saudi Arabia: Welding Materials Market Size, By End-Use Industry, 2018–2025 (Usd Million)
Table 56 South Africa: Welding Materials Market Size, By Type, 2018–2025 (Usd Million)
Table 57 South Africa: Welding Materials Market Size, By End-Use Industry, 2018–2025 (Usd Million)
Table 58 Rest Of Middle East & Africa: Welding Materials Market Size, By Type, 2018–2025 (Usd Million)
Table 59 Rest Of Middle East & Africa: Welding Materials Market Size, By End-Use Industry, 2018–2025 (Usd Million)
Table 60 South America: Welding Materials Market Size, By Country, 2018–2025 (Usd Million)
Table 61 South America: Welding Materials Market Size, By Technology, 2018–2025 (Usd Million)
Table 62 South America: Welding Materials Market Size, By Type, 2018–2025 (Usd Million)
Table 63 South America: Welding Materials Market Size, By End-Use Industry, 2018–2025 (Usd Million)
Table 64 Brazil: Welding Materials Market Size, By Type, 2018–2025 (Usd Million)
Table 65 Brazil: Welding Materials Market Size, By End-Use Industry, 2018–2025 (Usd Million)
Table 66 Argentina: Welding Materials Market Size, By Type, 2018–2025 (Usd Million)
Table 67 Argentina: Welding Materials Market Size, By End-Use Industry, 2018–2025 (Usd Million)
Table 68 Rest Of South America: Welding Materials Market Size, By Type, 2018–2025 (Usd Million)
Table 69 Rest Of South America: Welding Materials Market Size, By End-Use Industry, 2018–2025 (Usd Million)
Table 70 Merger & Acquisition
Table 71 Expansion & Investment
Table 72 Joint Venture & Partnership
Table 73 New Product Development

List Of Figures

Figure 1 Welding Materials Market Segmentation
Figure 2 Approach (Top-Down)
Figure 3 Approach (Bottom-Up)
Figure 4 Welding Materials Market: Data Triangulation
Figure 5 Key Market Insights
Figure 6 List Of Stakeholders Involved And Breakdown Of Primary Interviews
Figure 7 Electrodes & Filler Materials To Be The Largest Material Type
Figure 8 Arc Welding To Be The Fastest-Growing Technology
Figure 9 Transportation End-Use Industry To Lead The Welding Materials Market
Figure 10 Apac To Grow At The Highest Rate In The Welding Materials Market From 2020 To 2025
Figure 11 Increasing Demand From Transportation Industry To Drive The Welding Materials Market
Figure 12 Apac And Electrodes & Filler Materials Segment Accounted For Largest Shares
Figure 13 Welding Materials Market In India To Register The Highest Cagr From 2020 To 2025
Figure 14 Drivers, Restraints, Opportunities, And Challenges In The Welding Materials Market
Figure 15 Global Automobile Production Data, 2016-2019
Figure 16 Global Energy Demand
Figure 17 Welding Materials Market: Value Chain
Figure 18 Welding Materials Market: Porter’s Five Forces Analysis
Figure 19 Process-Wise And Period-Wise In Terms Of Weld Metal Required In India
Figure 20 Arc Welding Technology Segment To Lead The Market Throughout The Forecast Period
Figure 21 Fluxes & Wires To Be The Fastest-Growing Segment Throughout The Forecast Period
Figure 22 Transportation Industry To Lead The Market Throughout The Forecast Period
Figure 23 Regional Snapshot: India To Be The Fastest-Growing Country-Level Market From 2020 To 2025
Figure 24 Apac: Welding Materials Market Snapshot
Figure 25 Merger & Acquisition Is The Most Followed Strategy By The Companies
Figure 26 Welding Materials Market: Competitive Evaluation Matrix, 2020
Figure 27 Product Portfolio Analysis Of Top Players In Welding Materials Market
Figure 28 Business Strategy Excellence Of Top Players In Welding Materials Market
Figure 29 Air Liquide S.A.: Company Snapshot
Figure 30 Air Liquide S.A.: Swot Analysis
Figure 31 Air Products And Chemicals, Inc.: Company Snapshot
Figure 32 Air Products And Chemicals Inc.: Swot Analysis
Figure 33 Colfax Corporation: Company Snapshot
Figure 34 Colfax Corporation: Swot Analysis
Figure 35 Illinois Tool Works Inc.: Company Snapshot
Figure 36 Illinois Tool Works Inc.: Swot Analysis
Figure 37 Linde Plc: Company Snapshot
Figure 38 Linde Plc: Swot Analysis
Figure 39 Lincoln Electric Holdings: Company Snapshot
Figure 40 Ador Welding Limited: Company Snapshot
Figure 41 Kobe Steel: Company Snapshot

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