The welding materials market is projected to grow from USD 18.86 billion in 2025 to USD 22.53 billion by 2030, at a CAGR of 3.62% during the forecast period. The increase in spending in the building and construction sector, advancements in manufacturing industries, and the growth of repair and maintenance activities are expected to drive the demand for welding materials. The rise in residential construction and the renovation or rebuilding of existing infrastructure will likely push the welding materials market. However, the market faces challenges related to its environmental impact. The environmental effects of welding materials include their production, use, and disposal, affecting air quality, resource consumption, and waste management.
“Arc welding technology segment to lead market during forecast period”
Arc welding is expected to be the largest segment in the welding materials market during the forecast period. This method benefits from a high concentration of heat during the welding process, where an electric arc forms between the electrode and base materials, melting the metals. The consistent metal deposition, excellent corrosion resistance, and high impact toughness also contribute to its status as a leading welding technology. Arc welding is also preferred in the welding industry due to its affordability and versatility across various metal surfaces. These advantages explain why arc welding remains a popular choice in welding materials for industries that require reliable, strong, and efficient metal joining.
“Electrodes and filler materials to be largest segment during forecast period”
Electrodes and filler materials are primarily used in welding because they are essential for creating strong, durable, and high-quality welded joints. They can be employed across a wide range of welding methods and applications. Welding electrodes serve as the conduit that conducts electricity from the electrode holder to the metal surface being joined. They also supply the necessary filler material during welding. Filler materials are consumables used to fill gaps that may form during welding. These gaps typically occur when two metal pieces are joined, and filling them enhances the strength and functionality of the welded assembly.
“Heavy industries segment to hold second-largest share during forecast period”
Heavy industries are expected to be the second-largest segment of the welding materials market. Heavy industries use welding extensively because welding is critical for fabricating, assembling, and maintaining heavy-duty equipment and structures requiring strong, durable, and high-integrity joints. Sectors like shipbuilding, oil & gas, mining, railways, and heavy machinery manufacture work with thick, high-strength steel plates and complex assemblies requiring substantial welding consumables such as electrodes, fluxes, and filler wires.
“Asia Pacific welding materials market to record highest CAGR during forecast period”
The welding materials market in Asia Pacific is expanding due to rapid industrial development, infrastructure projects, and manufacturing growth. Countries like China and India are investing heavily in transportation systems, urban housing, power plants, ports, and industrial zones. Large construction and infrastructure projects require extensive welding for steel structures, pipelines, and components, boosting the demand for electrodes, wires, and fluxes. Asia Pacific also hosts major automotive manufacturing hubs in China, Japan, India, South Korea, and Thailand, along with key centers for appliances and machinery. These industries depend on automated and manual welding methods, which consume considerable materials. Furthermore, countries are ramping up their production abilities in heavy machinery and rail manufacturing.
By Company Type: Tier 1: 25%, Tier 2: 42%, and Tier 3: 33%
By Designation: C-level Executives: 20%, Directors: 30%, and Other Designations: 50%
By Region: North America: 20%, Europe: 10%, Asia Pacific: 40%, South America: 10%, and Middle East & Africa 20%
Notes: Other designations include sales, marketing, and product managers.
Tier 1: >USD 1 Billion; Tier 2: USD 500 million–1 Billion; and Tier 3: <USD 500 million
Companies Covered: Air Liquide (France), Air Products Inc. (US), ESAB (US), Illinois Tool Works Inc. (US), Linde plc (Germany), Lincoln Electric Holdings, Inc. (US), Ador Welding (India), Tianjin Bridge Welding Materials Group Co., Ltd. (China), Kobe Steel, Ltd. (Japan), and voestalpine AG (Austria) among others.
The study includes an in-depth competitive analysis of these key players in the welding materials market, with their company profiles, recent developments, and key market strategies.
Research Coverage
This research report categorizes the welding materials market by type (electrode & filler materials, gases, fluxes & wires), technology (arc welding, resistant welding, oxy fuel welding, other technologies), end-use industry (transportation, heavy industries, building & construction, and other end-use industries), and region (Asia Pacific, North America, Europe, South America, and Middle East & Africa). The report’s scope includes detailed information on the drivers, restraints, challenges, and opportunities affecting the growth of the welding materials market. A thorough analysis of key industry players provides insights into their business profiles, products offered, and key strategies such as partnerships, agreements, product launches, expansions, and acquisitions in the welding materials market. This report also features a competitive analysis of emerging startups within the welding materials ecosystem.
Reasons to Buy Report
The report provides market leaders and new entrants with approximate revenue figures for the overall welding materials market and its subsegments. It helps stakeholders understand the competitive landscape, gain insights into positioning their businesses better, and develop appropriate go-to-market strategies. Additionally, the report offers information on key market drivers, restraints, challenges, and opportunities to help stakeholders grasp the market’s pulse.
The report provides insights into the following points:
• Analysis of key drivers (increasing demand from end-use industries, and long-term growth in emerging markets and investments in energy infrastructure), restraints (environmental impact of welding materials), opportunities (growth prospects in developing economies, and new and advanced applications), and challenges (shortage and high labor costs).
• Product Development/Innovation: Detailed insights into upcoming technologies, research & development activities, and product & service launches in the welding materials market.
• Market Development: Comprehensive information about profitable markets – the report analyzes the welding materials market across varied regions.
• Market Diversification: Exhaustive information about new products & services, untapped geographies, recent developments, and investments in the welding materials market.
• Competitive Assessment: In-depth assessment of market shares, growth strategies, and offerings of leading players such as Air Liquide (France), Air Products Inc. (US), ESAB (US), Illinois Tool Works Inc. (US), Linde plc (Germany), Lincoln Electric Holdings, Inc. (US), Ador Welding (India), Tianjin Bridge Welding Materials Group Co., Ltd. (China), Kobe Steel, Ltd. (Japan), and voestalpine AG (Austria).
圖表清單 List of Tables & Figures
TABLE 1 AVERAGE SELLING PRICE OF ELECTRODES & FILLER MATERIALS, 2024 (KG/USD) 47
TABLE 2 AVERAGE SELLING PRICE OF FLUXES, 2024 (KG/USD) 48
TABLE 3 AVERAGE SELLING PRICE OF WIRES, 2024 (KG/USD) 48
TABLE 4 AVERAGE SELLING PRICE OF GAS, 2024 (CUBIC METER/USD) 48
TABLE 5 WELDING MATERIALS MARKET: ECOSYSTEM 51
TABLE 6 LIST OF KEY PATENTS, 2022–2024 56
TABLE 7 EXPORT DATA RELATED TO HS CODE 3811-COMPLIANT PRODUCTS, BY COUNTRY, 2020–2024 (USD MILLION) 60
TABLE 8 IMPORT DATA RELATED TO HS CODE 3811-COMPLIANT PRODUCTS, BY COUNTRY, 2020–2024 (USD MILLION) 61
TABLE 9 LIST OF CONFERENCES AND EVENTS, 2025–2026 61
TABLE 10 NORTH AMERICA: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 62
TABLE 11 EUROPE: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 63
TABLE 12 ASIA PACIFIC: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 63
TABLE 13 SOUTH AMERICA: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 64
TABLE 14 MIDDLE EAST & AFRICA: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 64
TABLE 15 WELDING MATERIALS MARKET: PORTER’S FIVE FORCES ANALYSIS 66
TABLE 16 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR WELDING MATERIALS 68
TABLE 17 KEY BUYING CRITERIA FOR TOP THREE END-USE INDUSTRIES 69
TABLE 18 ENSURING WELDING CONSISTENCY & FEEDABILITY FOR HIGH-VOLUME RACK PRODUCTION 69
TABLE 19 HARDFACING REPAIR OF VRM GRINDING COMPONENTS AT HANSON CEMENT DURING COVID-19 70
TABLE 20 HANDS-ON TECHNICAL SUPPORT FOR STAINLESS-STEEL WELDING WIRE SETUP 70
TABLE 21 WORLD GDP ANNUAL PERCENTAGE CHANGE OF ADVANCED ECONOMIES,
2024–2026 71
TABLE 22 WORLD GDP ANNUAL PERCENTAGE CHANGE OF EMERGING MARKETS AND DEVELOPING ECONOMIES, 2024–2026 71
TABLE 23 WELDING MATERIALS MARKET, BY TECHNOLOGY, 2021–2023 (USD MILLION) 76
TABLE 24 WELDING MATERIALS MARKET, BY TECHNOLOGY, 2024–2030 (USD MILLION) 76
TABLE 25 WELDING MATERIALS MARKET, BY TYPE, 2021–2023 (USD MILLION) 79
TABLE 26 WELDING MATERIALS MARKET, BY TYPE, 2024–2030 (USD MILLION) 80
TABLE 27 WELDING MATERIALS MARKET, BY END-USE INDUSTRY,
2021–2023 (USD MILLION) 84
TABLE 28 WELDING MATERIALS MARKET, BY END-USE INDUSTRY,
2024–2030 (USD MILLION) 85
TABLE 29 WELDING MATERIALS MARKET, BY REGION, 2021–2023 (USD MILLION) 88
TABLE 30 WELDING MATERIALS MARKET, BY REGION, 2024–2030 (USD MILLION) 88
TABLE 31 ASIA PACIFIC: WELDING MATERIALS MARKET, BY COUNTRY,
2021–2023 (USD MILLION) 90
TABLE 32 ASIA PACIFIC: WELDING MATERIALS MARKET, BY COUNTRY,
2024–2030 (USD MILLION) 90
TABLE 33 ASIA PACIFIC: WELDING MATERIALS MARKET, BY TECHNOLOGY,
2021–2023 (USD MILLION) 90
TABLE 34 ASIA PACIFIC: WELDING MATERIALS MARKET, BY TECHNOLOGY,
2024–2030 (USD MILLION) 91
TABLE 35 ASIA PACIFIC: WELDING MATERIALS MARKET, BY TYPE,
2021–2023 (USD MILLION) 91
TABLE 36 ASIA PACIFIC: WELDING MATERIALS MARKET, BY TYPE,
2024–2030 (USD MILLION) 91
TABLE 37 ASIA PACIFIC: WELDING MATERIALS MARKET, BY END-USE INDUSTRY,
2021–2023 (USD MILLION) 92
TABLE 38 ASIA PACIFIC: WELDING MATERIALS MARKET, BY END-USE INDUSTRY,
2024–2030 (USD MILLION) 92
TABLE 39 CHINA: WELDING MATERIALS MARKET, BY TYPE, 2021–2023 (USD MILLION) 93
TABLE 40 CHINA: WELDING MATERIALS MARKET, BY TYPE, 2024–2030 (USD MILLION) 93
TABLE 41 CHINA: WELDING MATERIALS MARKET, BY END-USE INDUSTRY,
2021–2023 (USD MILLION) 93
TABLE 42 CHINA: WELDING MATERIALS MARKET, BY END-USE INDUSTRY,
2024–2030 (USD MILLION) 94
TABLE 43 JAPAN: WELDING MATERIALS MARKET, BY TYPE, 2021–2023 (USD MILLION) 94
TABLE 44 JAPAN: WELDING MATERIALS MARKET, BY TYPE, 2024–2030 (USD MILLION) 95
TABLE 45 JAPAN: WELDING MATERIALS MARKET, BY END-USE INDUSTRY,
2021–2023 (USD MILLION) 95
TABLE 46 JAPAN: WELDING MATERIALS MARKET, BY END-USE INDUSTRY,
2024–2030 (USD MILLION) 95
TABLE 47 INDIA: WELDING MATERIALS MARKET, BY TYPE, 2021–2023 (USD MILLION) 96
TABLE 48 INDIA: WELDING MATERIALS MARKET, BY TYPE, 2024–2030 (USD MILLION) 96
TABLE 49 INDIA: WELDING MATERIALS MARKET, BY END-USE INDUSTRY,
2021–2023 (USD MILLION) 97
TABLE 50 INDIA: WELDING MATERIALS MARKET, BY END-USE INDUSTRY,
2024–2030 (USD MILLION) 97
TABLE 51 INDONESIA: WELDING MATERIALS MARKET, BY TYPE, 2021–2023 (USD MILLION) 98
TABLE 52 INDONESIA: WELDING MATERIALS MARKET, BY TYPE, 2024–2030 (USD MILLION) 98
TABLE 53 INDONESIA: WELDING MATERIALS MARKET, BY END-USE INDUSTRY,
2021–2023 (USD MILLION) 98
TABLE 54 INDONESIA: WELDING MATERIALS MARKET, BY END-USE INDUSTRY,
2024–2030 (USD MILLION) 98
TABLE 55 REST OF ASIA PACIFIC: WELDING MATERIALS MARKET, BY TYPE,
2021–2023 (USD MILLION) 99
TABLE 56 REST OF ASIA PACIFIC: WELDING MATERIALS MARKET, BY TYPE,
2024–2030 (USD MILLION) 99
TABLE 57 REST OF ASIA PACIFIC: WELDING MATERIALS MARKET, BY END-USE INDUSTRY, 2021–2023 (USD MILLION) 99
TABLE 58 REST OF ASIA PACIFIC: WELDING MATERIALS MARKET, BY END-USE INDUSTRY, 2024–2030 (USD MILLION) 100
TABLE 59 NORTH AMERICA: WELDING MATERIALS MARKET, BY COUNTRY,
2021–2023 (USD MILLION) 101
TABLE 60 NORTH AMERICA: WELDING MATERIALS MARKET, BY COUNTRY,
2024–2030 (USD MILLION) 102
TABLE 61 NORTH AMERICA: WELDING MATERIALS MARKET, BY TECHNOLOGY,
2021–2023 (USD MILLION) 102
TABLE 62 NORTH AMERICA: WELDING MATERIALS MARKET, BY TECHNOLOGY,
2024–2030 (USD MILLION) 102
TABLE 63 NORTH AMERICA: WELDING MATERIALS MARKET, BY TYPE,
2021–2023 (USD MILLION) 103
TABLE 64 NORTH AMERICA: WELDING MATERIALS MARKET, BY TYPE,
2024–2030 (USD MILLION) 103
TABLE 65 NORTH AMERICA: WELDING MATERIALS MARKET, BY END-USE INDUSTRY,
2021–2023 (USD MILLION) 103
TABLE 66 NORTH AMERICA: WELDING MATERIALS MARKET, BY END-USE INDUSTRY,
2024–2030 (USD MILLION) 104
TABLE 67 US: WELDING MATERIALS MARKET, BY TYPE, 2021–2023 (USD MILLION) 104
TABLE 68 US: WELDING MATERIALS MARKET, BY TYPE, 2024–2030 (USD MILLION) 105
TABLE 69 US: WELDING MATERIALS MARKET, BY END-USE INDUSTRY,
2021–2023 (USD MILLION) 105
TABLE 70 US: WELDING MATERIALS MARKET, BY END-USE INDUSTRY,
2024–2030 (USD MILLION) 105
TABLE 71 CANADA: WELDING MATERIALS MARKET, BY TYPE, 2021–2023 (USD MILLION) 106
TABLE 72 CANADA: WELDING MATERIALS MARKET, BY TYPE, 2024–2030 (USD MILLION) 106
TABLE 73 CANADA: WELDING MATERIALS MARKET, BY END-USE INDUSTRY,
2021–2023 (USD MILLION) 106
TABLE 74 CANADA: WELDING MATERIALS MARKET, BY END-USE INDUSTRY,
2024–2030 (USD MILLION) 107
TABLE 75 MEXICO: WELDING MATERIALS MARKET, BY TYPE, 2021–2023 (USD MILLION) 108
TABLE 76 MEXICO: WELDING MATERIALS MARKET, BY TYPE, 2024–2030 (USD MILLION) 108
TABLE 77 MEXICO: WELDING MATERIALS MARKET, BY END-USE INDUSTRY,
2021–2023 (USD MILLION) 108
TABLE 78 MEXICO: WELDING MATERIALS MARKET, BY END-USE INDUSTRY,
2024–2030 (USD MILLION) 109
TABLE 79 EUROPE: WELDING MATERIALS MARKET, BY COUNTRY,
2021–2023 (USD MILLION) 109
TABLE 80 EUROPE: WELDING MATERIALS MARKET, BY COUNTRY,
2024–2030 (USD MILLION) 110
TABLE 81 EUROPE: WELDING MATERIALS MARKET, BY TECHNOLOGY,
2021–2023 (USD MILLION) 110
TABLE 82 EUROPE: WELDING MATERIALS MARKET, BY TECHNOLOGY,
2024–2030 (USD MILLION) 110
TABLE 83 EUROPE: WELDING MATERIALS MARKET, BY TYPE, 2021–2023 (USD MILLION) 111
TABLE 84 EUROPE: WELDING MATERIALS MARKET, BY TYPE, 2024–2030 (USD MILLION) 111
TABLE 85 EUROPE: WELDING MATERIALS MARKET, BY END-USE INDUSTRY,
2021–2023 (USD MILLION) 111
TABLE 86 EUROPE: WELDING MATERIALS MARKET, BY END-USE INDUSTRY,
2024–2030 (USD MILLION) 112
TABLE 87 GERMANY: WELDING MATERIALS MARKET, BY TYPE, 2021–2023 (USD MILLION) 113
TABLE 88 GERMANY: WELDING MATERIALS MARKET, BY TYPE, 2024–2030 (USD MILLION) 113
TABLE 89 GERMANY: WELDING MATERIALS MARKET, BY END-USE INDUSTRY,
2021–2023 (USD MILLION) 113
TABLE 90 GERMANY: WELDING MATERIALS MARKET, BY END-USE INDUSTRY,
2024–2030 (USD MILLION) 114
TABLE 91 UK: WELDING MATERIALS MARKET, BY TYPE, 2021–2023 (USD MILLION) 114
TABLE 92 UK: WELDING MATERIALS MARKET, BY TYPE, 2024–2030 (USD MILLION) 115
TABLE 93 UK: WELDING MATERIALS MARKET, BY END-USE INDUSTRY,
2021–2023 (USD MILLION) 115
TABLE 94 UK: WELDING MATERIALS MARKET, BY END-USE INDUSTRY,
2024–2030 (USD MILLION) 115
TABLE 95 FRANCE: WELDING MATERIALS MARKET, BY TYPE, 2021–2023 (USD MILLION) 116
TABLE 96 FRANCE: WELDING MATERIALS MARKET, BY TYPE, 2024–2030 (USD MILLION) 116
TABLE 97 FRANCE: WELDING MATERIALS MARKET, BY END-USE INDUSTRY,
2021–2023 (USD MILLION) 117
TABLE 98 FRANCE: WELDING MATERIALS MARKET, BY END-USE INDUSTRY,
2024–2030 (USD MILLION) 117
TABLE 99 RUSSIA: WELDING MATERIALS MARKET, BY TYPE, 2021–2023 (USD MILLION) 118
TABLE 100 RUSSIA: WELDING MATERIALS MARKET, BY TYPE, 2024–2030 (USD MILLION) 118
TABLE 101 RUSSIA: WELDING MATERIALS MARKET, BY END-USE INDUSTRY,
2021–2023 (USD MILLION) 118
TABLE 102 RUSSIA: WELDING MATERIALS MARKET, BY END-USE INDUSTRY,
2024–2030 (USD MILLION) 119
TABLE 103 NETHERLANDS: WELDING MATERIALS MARKET, BY TYPE,
2021–2023 (USD MILLION) 119
TABLE 104 NETHERLANDS: WELDING MATERIALS MARKET, BY TYPE,
2024–2030 (USD MILLION) 120
TABLE 105 NETHERLANDS: WELDING MATERIALS MARKET, BY END-USE INDUSTRY,
2021–2023 (USD MILLION) 120
TABLE 106 NETHERLANDS: WELDING MATERIALS MARKET, BY END-USE INDUSTRY,
2024–2030 (USD MILLION) 120
TABLE 107 ITALY: WELDING MATERIALS MARKET, BY TYPE, 2021–2023 (USD MILLION) 121
TABLE 108 ITALY: WELDING MATERIALS MARKET, BY TYPE, 2024–2030 (USD MILLION) 121
TABLE 109 ITALY: WELDING MATERIALS MARKET, BY END-USE INDUSTRY,
2021–2023 (USD MILLION) 121
TABLE 110 ITALY: WELDING MATERIALS MARKET, BY END-USE INDUSTRY,
2024–2030 (USD MILLION) 122
TABLE 111 REST OF EUROPE: WELDING MATERIALS MARKET, BY TYPE,
2021–2023 (USD MILLION) 122
TABLE 112 REST OF EUROPE: WELDING MATERIALS MARKET, BY TYPE,
2024–2030 (USD MILLION) 122
TABLE 113 REST OF EUROPE: WELDING MATERIALS MARKET, BY END-USE INDUSTRY,
2021–2023 (USD MILLION) 123
TABLE 114 REST OF EUROPE: WELDING MATERIALS MARKET, BY END-USE INDUSTRY,
2024–2030 (USD MILLION) 123
TABLE 115 MIDDLE EAST & AFRICA: WELDING MATERIALS MARKET, BY COUNTRY,
2021–2023 (USD MILLION) 124
TABLE 116 MIDDLE EAST & AFRICA: WELDING MATERIALS MARKET, BY COUNTRY,
2024–2030 (USD MILLION) 124
TABLE 117 MIDDLE EAST & AFRICA: WELDING MATERIALS MARKET, BY TECHNOLOGY,
2021–2023 (USD MILLION) 124
TABLE 118 MIDDLE EAST & AFRICA: WELDING MATERIALS MARKET, BY TECHNOLOGY,
2024–2030 (USD MILLION) 125
TABLE 119 MIDDLE EAST & AFRICA: WELDING MATERIALS MARKET, BY TYPE,
2021–2023 (USD MILLION) 125
TABLE 120 MIDDLE EAST & AFRICA: WELDING MATERIALS MARKET, BY TYPE,
2024–2030 (USD MILLION) 125
TABLE 121 MIDDLE EAST & AFRICA: WELDING MATERIALS MARKET, BY END-USE INDUSTRY, 2021–2023 (USD MILLION) 126
TABLE 122 MIDDLE EAST & AFRICA: WELDING MATERIALS MARKET, BY END-USE INDUSTRY, 2024–2030 (USD MILLION) 126
TABLE 123 GCC COUNTRIES: WELDING MATERIALS MARKET, BY TYPE,
2021–2023 (USD MILLION) 127
TABLE 124 GCC COUNTRIES: WELDING MATERIALS MARKET, BY TYPE,
2024–2030 (USD MILLION) 127
TABLE 125 GCC COUNTRIES: WELDING MATERIALS MARKET, BY END-USE INDUSTRY,
2021–2023 (USD MILLION) 127
TABLE 126 GCC COUNTRIES: WELDING MATERIALS MARKET, BY END-USE INDUSTRY,
2024–2030 (USD MILLION) 128
TABLE 127 SAUDI ARABIA: WELDING MATERIALS MARKET, BY TYPE,
2021–2023 (USD MILLION) 129
TABLE 128 SAUDI ARABIA: WELDING MATERIALS MARKET, BY TYPE,
2024–2030 (USD MILLION) 129
TABLE 129 SAUDI ARABIA: WELDING MATERIALS MARKET, BY END-USE INDUSTRY,
2021–2023 (USD MILLION) 129
TABLE 130 SAUDI ARABIA: WELDING MATERIALS MARKET, BY END-USE INDUSTRY,
2024–2030 (USD MILLION) 130
TABLE 131 UAE: WELDING MATERIALS MARKET, BY TYPE, 2021–2023 (USD MILLION) 131
TABLE 132 UAE: WELDING MATERIALS MARKET, BY TYPE, 2024–2030 (USD MILLION) 131
TABLE 133 UAE: WELDING MATERIALS MARKET, BY END-USE INDUSTRY,
2021–2023 (USD MILLION) 131
TABLE 134 UAE: WELDING MATERIALS MARKET, BY END-USE INDUSTRY,
2024–2030 (USD MILLION) 131
TABLE 135 REST OF GCC COUNTRIES: WELDING MATERIALS MARKET, BY TYPE,
2021–2023 (USD MILLION) 132
TABLE 136 REST OF GCC COUNTRIES: WELDING MATERIALS MARKET, BY TYPE,
2024–2030 (USD MILLION) 132
TABLE 137 REST OF GCC COUNTRIES: WELDING MATERIALS MARKET, BY END-USE INDUSTRY, 2021–2023 (USD MILLION) 133
TABLE 138 REST OF GCC COUNTRIES: WELDING MATERIALS MARKET, BY END-USE INDUSTRY, 2024–2030 (USD MILLION) 133
TABLE 139 SOUTH AFRICA: WELDING MATERIALS MARKET, BY TYPE,
2021–2023 (USD MILLION) 134
TABLE 140 SOUTH AFRICA: WELDING MATERIALS MARKET, BY TYPE,
2024–2030 (USD MILLION) 134
TABLE 141 SOUTH AFRICA: WELDING MATERIALS MARKET, BY END-USE INDUSTRY,
2021–2023 (USD MILLION) 134
TABLE 142 SOUTH AFRICA: WELDING MATERIALS MARKET, BY END-USE INDUSTRY,
2024–2030 (USD MILLION) 135
TABLE 143 REST OF MIDDLE EAST & AFRICA: WELDING MATERIALS MARKET, BY TYPE,
2021–2023 (USD MILLION) 135
TABLE 144 REST OF MIDDLE EAST & AFRICA: WELDING MATERIALS MARKET, BY TYPE,
2024–2030 (USD MILLION) 135
TABLE 145 REST OF MIDDLE EAST & AFRICA: WELDING MATERIALS MARKET, BY END-USE INDUSTRY, 2021–2023 (USD MILLION) 136
TABLE 146 REST OF MIDDLE EAST & AFRICA: WELDING MATERIALS MARKET, BY END-USE INDUSTRY, 2024–2030 (USD MILLION) 136
TABLE 147 SOUTH AMERICA: WELDING MATERIALS MARKET, BY COUNTRY,
2021–2023 (USD MILLION) 137
TABLE 148 SOUTH AMERICA: WELDING MATERIALS MARKET, BY COUNTRY,
2024–2030 (USD MILLION) 137
TABLE 149 SOUTH AMERICA: WELDING MATERIALS MARKET, BY TECHNOLOGY,
2021–2023 (USD MILLION) 137
TABLE 150 SOUTH AMERICA: WELDING MATERIALS MARKET, BY TECHNOLOGY,
2024–2030 (USD MILLION) 138
TABLE 151 SOUTH AMERICA: WELDING MATERIALS MARKET, BY TYPE,
2021–2023 (USD MILLION) 138
TABLE 152 SOUTH AMERICA: WELDING MATERIALS MARKET, BY TYPE,
2024–2030 (USD MILLION) 138
TABLE 153 SOUTH AMERICA: WELDING MATERIALS MARKET, BY END-USE INDUSTRY,
2021–2023 (USD MILLION) 139
TABLE 154 SOUTH AMERICA: WELDING MATERIALS MARKET, BY END-USE INDUSTRY,
2024–2030 (USD MILLION) 139
TABLE 155 BRAZIL: WELDING MATERIALS MARKET, BY TYPE, 2021–2023 (USD MILLION) 140
TABLE 156 BRAZIL: WELDING MATERIALS MARKET, BY TYPE, 2024–2030 (USD MILLION) 140
TABLE 157 BRAZIL: WELDING MATERIALS MARKET, BY END-USE INDUSTRY,
2021–2023 (USD MILLION) 140
TABLE 158 BRAZIL: WELDING MATERIALS MARKET, BY END-USE INDUSTRY,
2024–2030 (USD MILLION) 141
TABLE 159 ARGENTINA: WELDING MATERIALS MARKET, BY TYPE, 2021–2023 (USD MILLION) 141
TABLE 160 ARGENTINA: WELDING MATERIALS MARKET, BY TYPE, 2024–2030 (USD MILLION) 142
TABLE 161 ARGENTINA: WELDING MATERIALS MARKET, BY END-USE INDUSTRY,
2021–2023 (USD MILLION) 142
TABLE 162 ARGENTINA: WELDING MATERIALS MARKET, BY END-USE INDUSTRY,
2024–2030 (USD MILLION) 142
TABLE 163 REST OF SOUTH AMERICA: WELDING MATERIALS MARKET, BY TYPE,
2021–2023 (USD MILLION) 143
TABLE 164 REST OF SOUTH AMERICA: WELDING MATERIALS MARKET, BY TYPE,
2024–2030 (USD MILLION) 143
TABLE 165 REST OF SOUTH AMERICA: WELDING MATERIALS MARKET, BY END-USE INDUSTRY, 2021–2023 (USD MILLION) 143
TABLE 166 REST OF SOUTH AMERICA: WELDING MATERIALS MARKET, BY END-USE INDUSTRY, 2024–2030 (USD MILLION) 144
TABLE 167 OVERVIEW OF STRATEGIES ADOPTED BY KEY PLAYERS 145
TABLE 168 DEGREE OF COMPETITION 147
TABLE 169 WELDING MATERIALS MARKET: REGION FOOTPRINT 153
TABLE 170 WELDING MATERIALS MARKET: END-USE INDUSTRY FOOTPRINT 154
TABLE 171 WELDING MATERIALS MARKET: TYPE FOOTPRINT 154
TABLE 172 WELDING MATERIALS MARKET: TECHNOLOGY FOOTPRINT 155
TABLE 173 WELDING MATERIALS MARKET: DETAILED LIST OF KEY STARTUPS/SMES 157
TABLE 174 COMPETITIVE BENCHMARKING OF KEY STARTUPS/SMES,
BY REGION AND END-USE INDUSTRY 158
TABLE 175 COMPETITIVE BENCHMARKING OF KEY STARTUPS/SMES,
BY TYPE AND TECHNOLOGY 159
TABLE 176 WELDING MATERIALS MARKET: PRODUCT LAUNCHES, JANUARY 2021–JULY 2025 160
TABLE 177 WELDING MATERIALS MARKET: DEALS, JANUARY 2021–JULY 2025 161
TABLE 178 WELDING MATERIALS MARKET: EXPANSIONS, JANUARY 2021–JULY 2025 165
TABLE 179 AIR LIQUIDE: COMPANY OVERVIEW 166
TABLE 180 AIR LIQUIDE: PRODUCTS/SOLUTIONS/SERVICES OFFERED 167
TABLE 181 AIR LIQUIDE: EXPANSIONS, JANUARY 2021–JULY 2025 168
TABLE 182 AIR PRODUCTS AND CHEMICALS, INC.: COMPANY OVERVIEW 170
TABLE 183 AIR PRODUCTS AND CHEMICALS, INC.:
PRODUCTS/SOLUTIONS/SERVICES OFFERED 171
TABLE 184 AIR PRODUCTS AND CHEMICALS, INC.: DEALS, JANUARY 2021–JULY 2025 172
TABLE 185 ESAB: COMPANY OVERVIEW 174
TABLE 186 ESAB: PRODUCTS/SOLUTIONS/SERVICES OFFERED 175
TABLE 187 ESAB: PRODUCT LAUNCHES, JANUARY 2021–JULY 2025 176
TABLE 188 ESAB: DEALS, JANUARY 2021–JULY 2025 177
TABLE 189 LINDE PLC: COMPANY OVERVIEW 179
TABLE 190 LINDE PLC: PRODUCTS/SOLUTIONS/SERVICES OFFERED 180
TABLE 191 LINDE PLC: DEALS, JANUARY 2021–JULY 2025 181
TABLE 192 ILLINOIS TOOL WORKS INC.: COMPANY OVERVIEW 183
TABLE 193 ILLINOIS TOOL WORKS INC.: PRODUCTS/SOLUTIONS/SERVICES OFFERED 184
TABLE 194 THE LINCOLN ELECTRIC COMPANY: COMPANY OVERVIEW 186
TABLE 195 THE LINCOLN ELECTRIC COMPANY: PRODUCTS/SOLUTIONS/SERVICES OFFERED 187
TABLE 196 THE LINCOLN ELECTRIC COMPANY: PRODUCT LAUNCHES,
JANUARY 2021–JULY 2025 188
TABLE 197 THE LINCOLN ELECTRIC COMPANY: DEALS, JANUARY 2021–JULY 2025 189
TABLE 198 ADOR WELDING: COMPANY OVERVIEW 191
TABLE 199 ADOR WELDING: PRODUCTS/SOLUTIONS/SERVICES OFFERED 192
TABLE 200 ADOR WELDING: DEALS, JANUARY 2021 – MAY 2025 193
TABLE 201 TIANJIN BRIDGE WELDING MATERIALS GROUP CO.,LTD.: COMPANY OVERVIEW 194
TABLE 202 TIANJIN BRIDGE WELDING MATERIALS GROUP CO.,LTD.: PRODUCTS/SOLUTIONS/SERVICES OFFERED 194
TABLE 203 KOBE STEEL, LTD.: COMPANY OVERVIEW 196
TABLE 204 KOBE STEEL, LTD.: PRODUCTS/SOLUTIONS/SERVICES OFFERED 197
TABLE 205 VOESTALPINE AG: COMPANY OVERVIEW 198
TABLE 206 VOESTALPINE AG: PRODUCTS/SOLUTIONS/SERVICES OFFERED 199
TABLE 207 VOESTALPINE AG: PRODUCT LAUNCHES, JANUARY 2021–JULY 2025 200
TABLE 208 VOESTALPINE AG: DEALS, JANUARY 2021–JULY 2025 201
TABLE 209 PRECISION CASTPARTS CORP.: COMPANY OVERVIEW 202
TABLE 210 ROLLED ALLOYS 202
TABLE 211 LAIWU JINCAI WELDING MATERIALS CO., LTD. 203
TABLE 212 ADVANCED TECHNOLOGY & MATERIALS CO., LTD. 203
TABLE 213 HYUNDAI WELDING CO. 204
TABLE 214 ZULFI WELDING ELECTRODES FACTORY CO. LTD. 204
TABLE 215 ATLANTIC CHINA WELDING CONSUMABLES 205
TABLE 216 FORTIUS METALS 205
TABLE 217 B&H GROUP 206
TABLE 218 ROCKMOUNT 206
TABLE 219 WELDFAST ELECTRODES PVT. LTD. 207
TABLE 220 D&H SÉCHERON 207
TABLE 221 GEDIK WELDING 208
TABLE 222 SUPERON SCHWEISSTECHNIK INDIA 208
TABLE 223 NEXA WELD 209
TABLE 224 WELDING EQUIPMENT, ACCESSORIES, AND CONSUMABLES MARKET,
BY REGION, 2019–2026 (USD MILLION) 210
FIGURE 1 WELDING MATERIALS MARKET: MARKETS COVERED AND REGIONAL SCOPE 24
FIGURE 2 WELDING MATERIALS MARKET: RESEARCH DESIGN 28
FIGURE 3 STAKEHOLDERS INVOLVED AND BREAKDOWN OF INTERVIEWS WITH EXPERTS 31
FIGURE 4 MARKET SIZE ESTIMATION: BOTTOM-UP APPROACH 32
FIGURE 5 MARKET SIZE ESTIMATION: TOP-DOWN APPROACH 32
FIGURE 6 MARKET SIZE ESTIMATION: SUPPLY SIDE 33
FIGURE 7 WELDING MATERIALS MARKET: DATA TRIANGULATION 34
FIGURE 8 ELECTRODES & FILLER MATERIALS TO BE LARGEST TYPE DURING FORECAST PERIOD 36
FIGURE 9 ARC WELDING TO BE FASTEST-GROWING TECHNOLOGY DURING FORECAST PERIOD 37
FIGURE 10 TRANSPORTATION END-USE INDUSTRY TO LEAD WELDING MATERIALS MARKET DURING FORECAST PERIOD 38
FIGURE 11 ASIA PACIFIC MARKET TO GROW AT HIGHEST CAGR BETWEEN 2025 AND 2030 38
FIGURE 12 INCREASING DEMAND FROM TRANSPORTATION INDUSTRY TO DRIVE MARKET DURING FORECAST PERIOD 40
FIGURE 13 CHINA AND ELECTRODES & FILLER MATERIALS SEGMENT ACCOUNTED FOR LARGEST SHARES 41
FIGURE 14 INDIA TO REGISTER HIGHEST CAGR 41
FIGURE 15 DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES IN WELDING MATERIALS MARKET 42
FIGURE 16 GLOBAL AUTOMOBILE SALES DATA, 2019–2024 43
FIGURE 17 GLOBAL ENERGY CONSUMPTION, 2019–2023 44
FIGURE 18 CARBON DIOXIDE EMISSIONS FROM ENERGY COMBUSTION AND INDUSTRIAL PROCESSES, 2020–2024 45
FIGURE 19 TRENDS/DISRUPTIONS IMPACTING CUSTOMER BUSINESS 47
FIGURE 20 WELDING MATERIALS: VALUE CHAIN ANALYSIS 49
FIGURE 21 ECOSYSTEM MAP 51
FIGURE 22 LIST OF MAJOR PATENTS, 2014–2024 55
FIGURE 23 MAJOR PATENTS, BY COUNTRY, 2014–2024 56
FIGURE 24 EXPORT DATA RELATED TO HS CODE 3811-COMPLIANT PRODUCTS, BY COUNTRY, 2020–2024 (USD MILLION) 59
FIGURE 25 IMPORT DATA RELATED TO HS CODE 3811-COMPLIANT PRODUCTS, BY COUNTRY, 2020–2024 (USD MILLION) 60
FIGURE 26 WELDING MATERIALS MARKET: PORTER’S FIVE FORCES ANALYSIS 65
FIGURE 27 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS, BY END-USE INDUSTRY 68
FIGURE 28 KEY BUYING CRITERIA FOR TOP THREE END-USE INDUSTRIES 69
FIGURE 29 INVESTOR DEALS AND FUNDING SCENARIO 72
FIGURE 30 ARC WELDING TECHNOLOGY SEGMENT TO LEAD MARKET DURING FORECAST PERIOD 75
FIGURE 31 FLUXES & WIRES TO BE FASTEST-GROWING SEGMENT DURING FORECAST PERIOD 79
FIGURE 32 TRANSPORTATION END-USE INDUSTRY TO LEAD MARKET DURING FORECAST PERIOD 84
FIGURE 33 ASIA PACIFIC: WELDING MATERIALS MARKET SNAPSHOT 89
FIGURE 34 NORTH AMERICA: WELDING MATERIALS MARKET SNAPSHOT 101
FIGURE 35 MARKET SHARE ANALYSIS, 2024 147
FIGURE 36 REVENUE ANALYSIS OF KEY PLAYERS, 2020–2024 (USD BILLION) 148
FIGURE 37 COMPANY VALUATION (USD BILLION) 149
FIGURE 38 FINANCIAL MATRIX: EV/EBITDA RATIO 149
FIGURE 39 YEAR-TO-DATE PRICE AND FIVE-YEAR STOCK BETA 150
FIGURE 40 WELDING MATERIALS MARKET: PRODUCT/BRAND COMPARISON 150
FIGURE 41 WELDING MATERIALS MARKET: COMPANY EVALUATION MATRIX,
KEY PLAYERS, 2024 152
FIGURE 42 WELDING MATERIALS MARKET: COMPANY FOOTPRINT 153
FIGURE 43 WELDING MATERIALS MARKET: COMPANY EVALUATION MATRIX,
STARTUPS/SMES, 2024 156
FIGURE 44 AIR LIQUIDE: COMPANY SNAPSHOT 167
FIGURE 45 AIR PRODUCTS AND CHEMICALS, INC.: COMPANY SNAPSHOT 171
FIGURE 46 ESAB: COMPANY SNAPSHOT 174
FIGURE 47 LINDE PLC: COMPANY SNAPSHOT 180
FIGURE 48 ILLINOIS TOOL WORKS INC.: COMPANY SNAPSHOT 184
FIGURE 49 THE LINCOLN ELECTRIC COMPANY: COMPANY SNAPSHOT 187
FIGURE 50 ADOR WELDING: COMPANY SNAPSHOT 192
FIGURE 51 KOBE STEEL, LTD.: COMPANY SNAPSHOT 196
FIGURE 52 VOESTALPINE AG: COMPANY SNAPSHOT 199