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Welding Material Trends and Forecast
The future of the global welding material market looks promising with opportunities in the arc, resistance, and oxy-fuel welding markets. The global welding material market is expected to reach an estimated $20.4 billion by 2030 with a CAGR of 4.9% from 2024 to 2030. The major drivers for this market are growing demand of lightweight, high strength, and stiff structures, development of innovative and high-performance welding materials, and extensive demand from various industries, including automotive, construction, manufacturing, and aerospace.
A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.
Welding Material by Segment
The study includes a forecast for the global welding material by type, technology, end use, and region.
Welding Material Market by Type [Shipment Analysis by Value from 2018 to 2030]:
• Electrodes & Filler Materials
• Fluxes & Wires
• Gases
Welding Material Market by Technology [Shipment Analysis by Value from 2018 to 2030]:
• Arc
• Resistance
• Oxy-Fuel Welding
Welding Material Market by End Use [Shipment Analysis by Value from 2018 to 2030]:
• Transportation
• Building & Construction
• Heavy Industries
Welding Material Market by Region [Shipment Analysis by Value from 2018 to 2030]:
• North America
• Europe
• Asia Pacific
• The Rest of the World
List of Welding Material Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies welding material companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the welding material companies profiled in this report include-
• Ador Welding
• Air Liquide
• Air Products And Chemicals
• Colfax
• Illinois Tool Works
• The Linde Group
• Praxair Technology
Welding Material Market Insights
Lucintel forecasts that electrode & filler will remain the largest segment over the forecast period as it provides better control and produce high-quality welds, thus making them suitable for various applications.
Within this market, arc will remain the largest segment due to its low cost and can be used in a wide range of metal surfaces.
APAC will remain the largest the forecast period due to continuous development of housing units and high investments in the infrastructural sector of the region.
Features of the Global Welding Material Market
Market Size Estimates: Welding material market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis: Welding material market size by type, technology, end use, and region in terms of value ($B).
Regional Analysis: Welding material market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different types, technologies, end uses, and regions for the welding material market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the welding material market.
Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q1. What is the welding material market size?
Answer: The global welding material market is expected to reach an estimated $20.4 billion by 2030.
Q2. What is the growth forecast for welding material market?
Answer: The global welding material market is expected to grow with a CAGR of 4.9% from 2024 to 2030.
Q3. What are the major drivers influencing the growth of the welding material market?
Answer: The major drivers for this market are growing demand of lightweight, high strength, and stiff structures, development of innovative and high-performance welding materials, and extensive demand from various industries, including automotive, construction, manufacturing, and aerospace.
Q4. What are the major segments for welding material market?
Answer: The future of the welding material market looks promising with opportunities in the arc, resistance, and oxy-fuel welding markets.
Q5. Who are the key welding material market companies?
Answer: Some of the key welding material companies are as follows:
• Ador Welding
• Air Liquide
• Air Products And Chemicals
• Colfax
• Illinois Tool Works
• The Linde Group
• Praxair Technology
Q6. Which welding material market segment will be the largest in future?
Answer: Lucintel forecasts that electrode & filler will remain the largest segment over the forecast period as it provides better control and produce high-quality welds, thus making them suitable for various applications.
Q7. In welding material market, which region is expected to be the largest in next 5 years?
Answer: APAC will remain the largest the forecast period due to continuous development of housing units and high investments in the infrastructural sector of the region.
Q.8 Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.
This report answers following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the welding material market by type (electrodes & filler materials, fluxes & wires, and gases), technology (arc, resistance, and oxy-fuel welding), end use (transportation, building & construction, and heavy industries), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
For any questions related to Welding Material Market, Welding Material Market Size, Welding Material Market Growth, Welding Material Market Analysis, Welding Material Market Report, Welding Material Market Share, Welding Material Market Trends, Welding Material Market Forecast, Welding Material Companies, write Lucintel analyst at email: helpdesk@lucintel.com. We will be glad to get back to you soon.
Table of Contents
1. Executive Summary
2. Global Welding Material Market : Market Dynamics
2.1: Introduction, Background, and Classifications
2.2: Supply Chain
2.3: Industry Drivers and Challenges
3. Market Trends and Forecast Analysis from 2018 to 2030
3.1. Macroeconomic Trends (2018-2023) and Forecast (2024-2030)
3.2. Global Welding Material Market Trends (2018-2023) and Forecast (2024-2030)
3.3: Global Welding Material Market by Type
3.3.1: Electrodes & Filler Materials
3.3.2: Fluxes & Wires
3.3.3: Gases
3.4: Global Welding Material Market by Technology
3.4.1: Arc
3.4.2: Resistance
3.4.3: Oxy-Fuel Welding
3.5: Global Welding Material Market by End Use
3.5.1: Transportation
3.5.2: Building & Construction
3.5.3: Heavy Industries
4. Market Trends and Forecast Analysis by Region from 2018 to 2030
4.1: Global Welding Material Market by Region
4.2: North American Welding Material Market
4.2.2: North American Welding Material Market by Technology: Arc, Resistance, and Oxy-Fuel Welding
4.3: European Welding Material Market
4.3.1: European Welding Material Market by Type: Electrodes & Filler Materials, Fluxes & Wires, and Gases
4.3.2: European Welding Material Market by Technology: Arc, Resistance, and Oxy-Fuel Welding
4.4: APAC Welding Material Market
4.4.1: APAC Welding Material Market by Type: Electrodes & Filler Materials, Fluxes & Wires, and Gases
4.4.2: APAC Welding Material Market by Technology: Arc, Resistance, and Oxy-Fuel Welding
4.5: ROW Welding Material Market
4.5.1: ROW Welding Material Market by Type: Electrodes & Filler Materials, Fluxes & Wires, and Gases
4.5.2: ROW Welding Material Market by Technology: Arc, Resistance, and Oxy-Fuel Welding
5. Competitor Analysis
5.1: Product Portfolio Analysis
5.2: Operational Integration
5.3: Porter’s Five Forces Analysis
6. Growth Opportunities and Strategic Analysis
6.1: Growth Opportunity Analysis
6.1.1: Growth Opportunities for the Global Welding Material Market by Type
6.1.2: Growth Opportunities for the Global Welding Material Market by Technology
6.1.3: Growth Opportunities for the Global Welding Material Market by End Use
6.1.4: Growth Opportunities for the Global Welding Material Market by Region
6.2: Emerging Trends in the Global Welding Material Market
6.3: Strategic Analysis
6.3.1: New Product Development
6.3.2: Capacity Expansion of the Global Welding Material Market
6.3.3: Mergers, Acquisitions, and Joint Ventures in the Global Welding Material Market
6.3.4: Certification and Licensing
7. Company Profiles of Leading Players
7.1: Ador Welding
7.2: Air Liquide
7.3: Air Products and Chemicals
7.4: Colfax
7.5: Illinois Tool Works
7.6: The Linde Group
7.7: Praxair Technology
.
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Lucintel has been in the business of market research and management consulting since 2000 and has published over 1000 market intelligence reports in various markets / applications and served over 1,000 clients worldwide. This study is a culmination of four months of full-time effort performed by Lucintel's analyst team. The analysts used the following sources for the creation and completion of this valuable report:
In-depth interviews of the major players in this market
Detailed secondary research from competitors’ financial statements and published data
Extensive searches of published works, market, and database information pertaining to industry news, company press releases, and customer intentions
A compilation of the experiences, judgments, and insights of Lucintel’s professionals, who have analyzed and tracked this market over the years.
Extensive research and interviews are conducted across the supply chain of this market to estimate market share, market size, trends, drivers, challenges, and forecasts. Below is a brief summary of the primary interviews that were conducted by job function for this report.
Thus, Lucintel compiles vast amounts of data from numerous sources, validates the integrity of that data, and performs a comprehensive analysis. Lucintel then organizes the data, its findings, and insights into a concise report designed to support the strategic decision-making process. The figure below is a graphical representation of Lucintel’s research process.
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