Welding Consumables Market Size Analysis Report - Market Share, Forecast Trends and Outlook (2025-2034)

The global welding consumables market stood at USD 17.26 Billion in 2024. The market is further projected to grow in the forecast period of 2025-2034 at a CAGR of 5.80% to reach USD 30.33 Billion by 2034.

Based on the product, the stick electrodes are the leading category of welding consumables across the globe. These electrodes are primarily designed for low and mild alloy steel welding. On the basis of the welding techniques, the arc welding accounted for the majority of the total market share in 2020. Based on the end-use industries, the construction sector exhibits a clear dominance in the market. Region-wise, the Asia-Pacific is estimated to be the largest welding consumables market across the globe. Other major markets include North America, Europe, and Latin America.

Market Segmentation

Welding consumables are the flux and filler metals that are utilised in the process of welding. In this process, filler metals are melted to form a strong joint between two metals, whereas the flux helps in prevents the oxidation of hot metals. Raw materials used in the formation of welding consumables include copper, nickel, ilmenite, rutile, and aluminium. In addition, they ensure cost-effective welding, prevent the formation of porosity in the weld pool, and aid in safeguarding the molten weld from contaminants present in the air. Consequently, they are widely employed in the automobile, construction, shipbuilding, energy, and aerospace industries.

The major products in the global welding consumables market are:

• Stick Electrodes
• Solid Wires
• Flux Cored Wires
• SAW Wires and Fluxes
• Others

The market can be broadly segregated, on the basis of its welding technique segment, into:

• Arc
• Oxyfuel
• Resistance
• Ultrasonic
• Others

Based on the end-use industries, the global welding consumables market is divided into:

• Construction
• Automobile
• Energy
• Shipbuilding
• Aerospace
• Industrial Equipment
• Others

Based on the region, the global welding consumables market is divided into:

• North America
• Europe
• Asia-Pacific
• Latin America
• Middle East and Africa

Market Analysis

Welding consumables are extensively used in the manufacturing of high-quality and lightweight vehicle parts. This can be accredited to the increasing sales of automobiles, continuous improvements in designs, and advancements in the safety features of vehicles. Also, the rise in development and housing projects has further provided a thrust to the construction industry in developing economies such as China, India, and South Africa, thereby bolstering the growth of the welding consumables market. Rapid urbanisation, increasing foreign direct investments (FDI), and industrialisation are further spurring the demand for the product across the globe. Besides, innovations and advancements in welding technology to develop techniques for more extensive applications are anticipated to create numerous opportunities for market players over the forecast period.

Competitive Landscape

The report gives a detailed analysis of the following key players in the global welding consumables market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:

• Voestalpine Böhler Welding GmbH
• Colfax Corporation
• Air Liquide
• The Lincoln Electric Company
• Hyundai Welding Co., Ltd.
• Obara Corp
• Panasonic Corporation
• Others

The comprehensive report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis.