Welding Material Market Report: Trends, Forecast and Competitive Analysis to 2030

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.

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?