The welding materials market is growing due to increasing construction, infrastructure, and industrial manufacturing activities. The automotive and aerospace industries also rely heavily on welding consumables for production. Advancements in automation and robotic welding are enhancing efficiency and precision. The rising demand for high-performance alloys and eco-friendly welding solutions is shaping the market landscape.
Global Welding Materials Market size and share is currently valued at USD 16.13 billion in 2024 and is anticipated to generate an estimated revenue of USD 25.40 billion by 2034, according to the latest study by Polaris Market Research. Besides, the report notes that the market exhibits a robust 4.7% Compound Annual Growth Rate (CAGR) over the forecasted timeframe, 2025 – 2034
Welding Materials – Key Market Trends & Drivers:
- Growth in Construction & Infrastructure Development – Rising demand for welding consumables in bridges, buildings, and pipelines.
- Expansion of the Automotive & Shipbuilding Industries – Increased use in vehicle manufacturing and marine applications.
- Advancements in Welding Technologies – Development of automated and robotic welding solutions for precision and efficiency.
- Rising Demand for High-Performance & Specialty Alloys – Need for corrosion-resistant and heat-resistant welding materials.
- Sustainability & Eco-Friendly Welding Solutions – Focus on low-emission and energy-efficient welding processes.
Key Companies in Welding Materials Market:
- Lincoln Electric
- ESAB (Colfax Corporation)
- Air Liquide
- Linde plc
- Illinois Tool Works
- Panasonic Corporation
- Voestalpine Böhler Welding
- Praxair (now part of Linde)
- Kobe Steel
- Fronius International
- Ador Welding Limited
- EWM Group
- Hyundai Welding Co.
- Denyo Co.
- Miller Electric (subsidiary of Illinois Tool Works)
Growth Factors:
• Market dynamics:All the key factors and major developments anticipated to boost the growth of the market are covered in the study.
• Technological evolution:The report offers a thorough understanding of the emerging technologies that can influence the Welding Materials market demand.
• Innovation pathways: The study covers where innovations can take the market in the mid to long term.
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https://www.polarismarketresearch.com/industry-analysis/welding-materials-market
The Geographical Analysis Covers Following Key Regions:
• North America (United States, Canada, and Mexico)
• Europe (Germany, France, United Kingdom, Russia, Italy, and the Rest of Europe)
• Asia-Pacific (China, Japan, Korea, India, Southeast Asia, and Australia)
• South America (Brazil, Argentina, Colombia, and the rest of South America)
• The Middle East and Africa (Saudi Arabia, United Arab Emirates, Egypt, South Africa, and the Rest of the Middle East and Africa)
Welding Materials Market Segmentation:
The welding materials market is growing due to increasing construction, infrastructure, and industrial manufacturing activities. The automotive and aerospace industries also rely heavily on welding consumables for production. Advancements in automation and robotic welding are enhancing efficiency and precision. The rising demand for high-performance alloys and eco-friendly welding solutions is shaping the market landscape.
Welding Materials Market, Type Outlook (Revenue – USD Billion, 2020-2034)
- Electrodes & Fillers
- Fluxes & Wires
- Gases
Welding Materials Market, Technology Outlook (Revenue – USD Billion, 2020-2034)
- Arc Welding
- Resistance Welding
- Oxy-Fuel Welding
Welding Materials Market, End-use Outlook (Revenue – USD Billion, 2020-2034)
- Automotive & Transportation
- Building & Construction
- Marine
- Oil & Gas
Welding Materials Industry Developments:
- August 2023: Lincoln Electric formed a strategic partnership with software company Authentise to integrate digital tools for real-time tracking and quality control in welding processes. This collaboration aims to enhance efficiency and provide greater transparency for industrial clients, improving the overall production process.
- March 2023: ESAB launched the Rebel EMP 215ic, a portable multi-process welder designed for both industrial and smaller workshop environments. This new model offers flexible, high-quality welding solutions that cater to diverse operational needs, providing adaptability and ease of use for users across different scales.
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