Welding Materials market - Forecast(2020 - 2025)

Report Code: CMR 0684 Report Format: PDF + Excel (Delivery in 48 Hrs)

Overview

Welding Materials market size is forecast to reach $18.5 billion by 2025, after growing at a CAGR of 4.9% during 2020-2025. Welding is one of the important fabrication processes in which different parts of metal or thermoplastic are joined together. The welding process causes the high-temperature fusion of metal parts without melding the base metal. Welding is different from brazing and soldering, which involve low-temperature metal joining. Generally, this process includes the filler material, which is added at the point of joining in order to pool the metal parts. The addition of welding material in the form of joint pool or weld pool provides immense strength to the structure. The driving force of this market is increased need of joining two or more metals for construction of vehicle, building, railway and aircraft. Due to increased demand huge amount is invested in R&D to develop innovative process and welding materials.

Report Coverage

The report: “Welding Materials Market – Forecast (2020-2025)”, by IndustryARC, covers an in-depth analysis of the following segments of the Welding Materials Market Industry.
By Type: Electrode & Filler Materials, Welder, Fluxes & Wires, Gases, Angle Grinder, Welding Magnet, Markers, Soapstone, Clamps and Others.
By Technology: ARC Welding, OXY-Fuel Welding, Resistance Welding, Solid State Welding, Electron Beam and Laser Welding and Others.
By End-User Industry: Automotive & Transportation, Building & Construction, Heavy Industries, Marine, Oil & Gas and Others.
By Geography: North America, South America, Europe, APAC, and RoW

Key Takeaways

  • New product developments and increasing investments in research and development of welding materials are expected to drive the growth of this market.
  • Among end-user industry, automotive & transportation segment is projected to lead the welding materials market during the forecast period.
  • Asia Pacific dominated the welding materials market.

By Type - Segment Analysis

Electrode & Filler Materials segment held a significant share in welding materials market in 2019. Electrodes & fluxes are widely used materials in arc welding and resistance welding. Increase in automobile production, development of shipbuilding and marine transportation facilities, and rise in government expenditure towards energy, power, and infrastructure projects are likely to boost the demand for electrode & filler materials. Stick electrodes are designed for usage in mild and low alloy steel welding applications. They are preferred to the other consumables due to their low cost and extensive applications in end-use industries. Solid wires are mostly employed for metal inert gas welding (MIG) applications in various end-user industries.

By Technology - Segment Analysis

Arc Welding segment held a significant share in welding materials market in 2019. Arc welding offers several advantages such as high heat concentration, uniformity in metal deposition, good corrosion resistance, and high impact resistance. Owing to these advantages, arc welding is considered as the most prominent welding process among other welding technologies. This process is mainly utilized in varied end-use industries, such as automotive, heavy industries, and building & construction. Oxy-fuel welding and oxy-fuel cutting are processes that use fuel gases and oxygen to weld or cut metals. In oxy-fuel welding, a welding torch is used to weld metals. Welding metal results when two pieces are heated to a temperature that produces a shared pool of molten metal. The molten pool is generally supplied with additional metal called filler. Filler material selection depends upon the metals to be welded.

By End-User Industry - Segment Analysis

Automotive & Transportation segment held a significant share in welding materials market in 2019 growing at a CAGR of XX% during the forecast period. In the transportation industry, welding materials are used in the welding of vehicle body parts, and at various others stages of automobile manufacturing. Therefore, increase in automobile production, along with repair & maintenance activities, is likely to propel the demand for welding materials in the transportation industry. Welding processes are widely used for building bridges, railway tracks, railway coaches, building structure and fabrication of pressure vessel in building & construction sector.
The global construction industry, once thriving with increased investments, has been severely affected by the suspension of the construction activities in the wake of the ongoing pandemic. Shortage of labors coupled with potential supply chain bottlenecks of materials and equipment is expected to cause project delays in the ongoing funded projects and may lead to reduced spending in the upcoming projects. Uncertainty around the actual duration of the prevailing lockdown makes it hard to anticipate how a recovery in the construction industry will unfold.  


Geography- Segment Analysis

Asia Pacific dominated the welding materials market with a share of more than XX%, followed by North America and Europe.  China and India have witnessed economic growth, owing to increased construction activities and investments made in the expansion or upgrade of manufacturing facilities. Moreover, initiatives undertaken by various governments worldwide to support growth in the manufacturing sector will propel the demand for welding materials in the Asia-Pacific region. The major coastal military powers, namely, the U.S., Russia, China, and India, are investing major shares of their GDP in the defense and marine sectors and rapidly adopting modern technologies in the development of highly engineered structures. This is expected to fuel the demand for welding materials used in the manufacturing of these structures.

Drivers – Welding Materials Market

  • Technological developments in welding materials & introduction of advanced welding techniques

Increasing adoption of welding techniques such as laser welding and ultrasonic welding has induced an increment in welding materials market. Efficiency and advantages of these welding methods have made them suitable for numerous applications. These methods are being preferred in various end use sectors where precision and accuracy in joints have eminent importance such as robotic appliances, electric appliances, and moving automotive parts. The demand for welding materials is expected to continue to grow as welding is the only joining technique that can be used for applications such as space and underwater. For instance, welding is essential for repairing ships, pipelines, and offshore oil platforms. In marine applications, underwater welding is an emerging application. Additionally, it is used by end-user industries in repair and maintenance operations. Welding joints provide fatigue and corrosion resistance, and strength, boosting the welding materials market. The transportation and automobile industry is one of the biggest consumers of welding materials, thus driving the market.

Challenges – Welding Materials Market

  • Unavailability of skilled labor

The unavailability of the skilled labor force is expected to hamper the welding materials market growth. In addition, the lack of investments in rigorous training and development of local labors is leading towards the shortage of skilled workforce. This factor is expected to inhibit the growth of the global welding materials market. Moreover, the capital-intensive nature of the metal industry, need for skilled labor, and high risk of accidents is likely to diminish the growth of this market in the coming years.

Market Landscape

Technology launches, acquisitions and R&D activities are key strategies adopted by players in the welding materials market. Major players in the welding materials market are Ador Welding Ltd., Air Liquide, Air Products and Chemicals, Inc., Colfax Corporation, Illinois Tool Works Inc., The Linde Grou, Praxair Technology, Inc., The Lincoln Electric Company, Tianjin Bridge Welding Materials Group Co., Ltd., and Gedik Welding among others.

Product Launch/ Expansion

In November 2018, Gedik Holding opened new plant in Azerbaijan. They would produce 6,000 tons of welding electrodes in their production facility.
1. Welding Materials Market - Overview
1.1. Definitions and Scope
2. Welding Materials Market - Executive summary
2.1. Market Revenue, Market Size and Key Trends by Company
2.2. Key Trends by type of Application
2.3. Key Trends segmented by Geography
3. Welding Materials Market 
3.1. Comparative analysis
3.1.1. Product Benchmarking - Top 10 companies
3.1.2. Top 5 Financials Analysis
3.1.3. Market Value split by Top 10 companies
3.1.4. Patent Analysis - Top 10 companies
3.1.5. Pricing Analysis 
4. Welding Materials Market – Startup companies Scenario Premium
4.1. Top 10 startup company Analysis by
4.1.1. Investment
4.1.2. Revenue
4.1.3. Market Shares
4.1.4. Market Size and Application Analysis
4.1.5. Venture Capital and Funding Scenario
5. Welding Materials Market – Industry Market Entry Scenario Premium
5.1. Regulatory Framework Overview
5.2. New Business and Ease of Doing business index
5.3. Case studies of successful ventures
5.4. Customer Analysis – Top 10 companies
6. Welding Materials Market Forces
6.1. Drivers
6.2. Constraints
6.3. Challenges
6.4. Porters five force model
6.4.1. Bargaining power of suppliers
6.4.2. Bargaining powers of customers
6.4.3. Threat of new entrants
6.4.4. Rivalry among existing players
6.4.5. Threat of substitutes 
7. Welding Materials Market -Strategic analysis
7.1. Value chain analysis
7.2. Opportunities analysis
7.3. Product life cycle
7.4. Suppliers and distributors Market Share
8. Welding Materials Market – By types of processes (Market Size -$Million / $Billion)
8.1. Market Size and Market Share Analysis 
8.2. Application Revenue and Trend Research
8.3. Product Segment Analysis
8.3.1. Arc welding
8.3.1.1. Flux-cored arc welding
8.3.1.2. Plasma arc welding
8.3.1.3. Gas metal arc welding(GMAW)
8.3.1.4. Gas tungsten arc welding (GTAW)
8.3.1.5. Others
8.3.2. Oxyfuel gas welding
8.3.3. Resistance welding
8.3.4. Solid state welding
8.3.4.1. Friction welding
8.3.4.2. Ultrasonic welding
8.3.4.3. Diffusion welding
8.3.4.4. Explosive welding
8.3.4.5. Others
8.3.5. Electron beam and laser welding 
8.3.8.3. Others
9. Welding Materials Market – By type of Industry (Market Size -$Million / $Billion)
9.1. Aerospace
9.2. Automotive
9.3. Construction
9.4. Ship building
9.5. Solar energy
9.6. Railway tracks
9.7. Chemical
9.8. Electronics
9.9. Others
10. Welding Materials Market – By type welding metal (Market Size -$Million / $Billion)
10.1. Steel
10.2. Stainless steel
10.3. Aluminum
10.4. Copper
10.5. Nickel
10.6. Magnesium
10.7. Cast iron
10.8. Alloys
10.8.1. Nickel alloy 
10.8.2. Nickel-Copper alloy
10.8.3. Copper-Nickel-Zinc alloy
10.8.4. Copper-Nickel alloy
10.8.5. Copper-Silicon
10.8.6. Copper-tin
10.8.7. Copper-Aluminum
10.8.8. Brass
10.8.9. Others
11. Welding Materials Market – By type of equipment (Market Size -$Million / $Billion)
11.1. Welder
11.2. Electrode and filler materials
11.2.1. E6011
11.2.2. E6013
11.2.3. E70111
11.2.4. Others
11.3. Gases
11.4. Fluxes and wires
11.4.1. GMAW solid wire
11.4.2. GMAW flux cored wire
11.4.3. SAW wire
11.4.4. SAW flux
11.4.5. Others
11.5. Angle grinder
11.6. Welding magnet
11.7. Markers
11.8. Soapstone
11.9. Clamps
11.10. Personal Safety
11.10.1. Helmets
11.10.2. Gloves
11.10.3. Clothing 
11.11. Safety products
11.11.1. Welding table
11.11.2. Brick
11.12. Others
12. Welding Materials - By Geography (Market Size -$Million / $Billion)
12.1. Welding Materials Market - North America Segment Research
12.2. North America Market Research (Million / $Billion)
12.2.1. Segment type Size and Market Size Analysis 
12.2.2. Revenue and Trends
12.2.3. Application Revenue and Trends by type of Application
12.2.4. Company Revenue and Product Analysis
12.2.5. North America Product type and Application Market Size
12.2.5.1. U.S.
12.2.5.2. Canada 
12.2.5.3. Mexico 
12.2.5.4. Rest of North America
12.3. Welding Materials - South America Segment Research
12.4. South America Market Research (Market Size -$Million / $Billion)
12.4.1. Segment type Size and Market Size Analysis 
12.4.2. Revenue and Trends
12.4.3. Application Revenue and Trends by type of Application
12.4.4. Company Revenue and Product Analysis
12.4.5. South America Product type and Application Market Size
12.4.5.1. Brazil  
12.4.5.2. Venezuela
12.4.5.3. Argentina
12.4.5.4. Ecuador
12.4.5.5. Peru
12.4.5.6. Colombia 
12.4.5.7. Costa Rica
12.4.5.8. Rest of South America
12.5. Welding Materials - Europe Segment Research
12.6. Europe Market Research (Market Size -$Million / $Billion)
12.6.1. Segment type Size and Market Size Analysis 
12.6.2. Revenue and Trends
12.6.3. Application Revenue and Trends by type of Application
12.6.4. Company Revenue and Product Analysis
12.6.5. Europe Segment Product type and Application Market Size
12.6.5.1. U.K  
12.6.5.2. Germany 
12.6.5.3. Italy 
12.6.5.4. France
12.6.5.5. Netherlands
12.6.5.6. Belgium
12.6.5.7. Spain
12.6.5.8. Denmark
12.6.5.9. Rest of Europe
12.7. Welding Materials – APAC Segment Research
12.8. APAC Market Research (Market Size -$Million / $Billion)
12.8.1. Segment type Size and Market Size Analysis 
12.8.2. Revenue and Trends
12.8.3. Application Revenue and Trends by type of Application
12.8.4. Company Revenue and Product Analysis
12.8.5. APAC Segment – Product type and Application Market Size
12.8.5.1. China 
12.8.5.2. Australia
12.8.5.3. Japan 
12.8.5.4. South Korea
12.8.5.5. India
12.8.5.6. Taiwan
12.8.5.7. Malaysia
13. Welding Materials Market - Entropy
13.1. New product launches
13.2. M&A's, collaborations, JVs and partnerships
14. Welding Materials Market – Industry / Segment Competition landscape Premium
14.1. Market Share Analysis
14.1.1. Market Share by Country- Top companies
14.1.2. Market Share by Region- Top 10 companies
14.1.3. Market Share by type of Application – Top 10 companies
14.1.4. Market Share by type of Product / Product category- Top 10 companies
14.1.5. Market Share at global level- Top 10 companies
14.1.6. Best Practises for companies
15. Welding Materials Market – Key Company List by Country Premium
16. Welding Materials Market Company Analysis
16.1. Market Share, Company Revenue, Products, M&A, Developments
16.2. Illinois Tools Work Inc.
16.3. Praxair
16.4. Colfax Corporation
16.5. Company 4
16.6. Company 5
16.7. Company 6
16.8. Company 7
16.9. Company 8
16.10. Company 9
16.11. Company 10 and more
"*Financials would be provided on a best efforts basis for private companies"
17. Welding Materials Market -Appendix
17.1. Abbreviations
17.2. Sources
18. Welding Materials Market -Methodology Premium
18.1. Research Methodology
18.1.1. Company Expert Interviews
18.1.2. Industry Databases
18.1.3. Associations
18.1.4. Company News
18.1.5. Company Annual Reports
18.1.6. Application Trends
18.1.7. New Products and Product database
18.1.8. Company Transcripts
18.1.9. R&D Trends
18.1.10. Key Opinion Leaders Interviews
18.1.11. Supply and Demand Trends