Africa Welding Consumables Market - Forecast(2023 - 2028)

Report Code: CMR 1254 Report Format: PDF + Excel

Africa Welding Consumables Market Overview 

Africa Welding Consumables Market size is forecast to reach US$3.8 billion by 2026, after growing at a CAGR of 3.8% during 2021-2026. Filler metals and flux together are known as welding consumables. During Welding, filler metals or consumables are extensively used to give a strong bond to the substrates. The welding industry evolution is favorably reliant on the filler metals consumption in numerous end-use industries. The fundamentals that are influencing the growth of the market are the impending technologies that are being developed, and particularly those machinery which are intended to weld filler metals. Additionally, the players in the Africa welding consumables market are oriented towards automation in the welding process, and it is anticipated that the development of robots and automation software would be feasible trends that would influence the growth of the Africa welding consumables industry over the forecast period. Stick electrode are metal wires with baked-on chemical coatings.

COVID-19 Impact

The novel coronavirus disease (COVID-19) pandemic has caused a disruption worldwide and almost all the industries have seen an abrupt downfall in their development graphs, Africa is no exception. The pandemic has severely affected the region mostly in the industries like construction, automotive, oil and gas, and others. For say, the expansion of South Africa's auto industry development strategy by the African government was indeed forced into survival mode and ambitious growth was pushed further. Similarly, in the oil and gas industry, according to the African Energy Chamber, pre-pandemic planned capital expenditure in 2020-2021 was US$ 90 billion but has fallen to US$60 billion. The Africa welding consumables market demands are mainly from these sectors and the crisis overall has inclined towards a negative impact on the market. Although, World Health Organization (WHO) is positioning additional experts to more or less of the worst-affected countries, including Uganda and Zambia as well as subsidiary South Africa-based regional laboratories to supervisor alternates of concern.

Report Coverage                             

The report: Africa Welding Consumables Market- Forecast (2021-2026)”, by IndustryARC, covers an in-depth analysis of the following segments of the Africa Welding Consumables Market Industry.     

By Material Type: Metal Welding, Glass Welding, Plastic Welding, Wood Welding, and Others
By Consumables: Coated Electrodes, Rods and Wires, Flux-Cored Wires, SAW Fluxes, Shielding Gases, and Others
By Techniques: Arc Welding (Shielded Metal Arc Welding, Gas Metal Arc Welding (MIG Welding), Gas Tungsten Arc Welding (TIG Welding), Carbon Arc Welding, and Others), Resistance Welding (Spot Welding, Projection Welding, Flash Welding, and Others), Oxyacetylene Welding, Solid State Welding (Forge Welding, Cold Welding, Hot Pressure Welding, and Others), Stud Welding (Capacitor Discharge Stud Welding, Drawn Arc Stud Welding, Short Cycle Stud Welding), Laser Beam Welding, and Others
By Application: Steel and Pipeline, Robotics, Plumbing, Shipbuilding, Mining, Railroads, Auto body repairs, and Others.
By End-Use Industry: Building and Construction (Residential, Commercial, Industrial, and Infrastructure), Automotive (Passenger Vehicles, Light Commercial Vehicles, and Heavy Commercial Vehicles), Marine, Locomotive, Aerospace (Commercial, Military, and Others), Electrical and Electronics, Energy, Oil & Gas, Medical, Food & Beverages, and Others
By Country: South Africa, Nigeria, Ethiopia, Mozambique, Kenya, Egypt, Ghana, Morocco, and Rest of Africa

Key Takeaways

  • South Africa is dominating the market for welding equipment and consumables due to the rising population, growing economies, and government initiatives focused at endorsing automobile and construction industries in the country.
  • The market drivers and restraints have been assessed to understand their impact over the forecast period.
  • The report further identifies the key opportunities for growth while also detailing the key challenges and possible threats.
  • The other key areas of focus include the various applications and end-use industry in Africa welding consumables market and their specific segmented revenue.
  • Africa welding consumables market is forecast to witness high growth due to the positive outlook of end-use industries such as the automotive and transportation, marine, and construction industries.

Figure: Africa Welding Consumables Market Revenue, By Country 2020-2026 (US$ Billion)

Africa Welding Consumables Market

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Africa Welding Consumables Market Segment Analysis - By Material Type

The metal welding segment held the largest share in Africa Welding Consumables Market in 2020. Metal welding is widely used in construction, automotive, oil and gas especially while serving the pipeline and others. For structural purposes, metals are inserted deep underground before the foundation is laid to provide stability and for transportation, it is used for oil, gas, sewage, and water. Since welding involves heating of the surface and however due to low adhesion plastics and glass welding comes with great challenge whereas, metals are easier in comparison. Hence, metals are mostly preferred by contractors and builders as they boast desirable properties and often choose over any other materials. Owing to certain properties, metal welding is preferred in most of the end-use industry and the demand for metal welding is highly contributing in the Africa welding consumables market.

Africa Welding Consumables Market Segment Analysis - By Consumables

Flux-cored segment wire held the largest share in the Africa Welding Consumables Market in 2020. Flux-cored wire is preferable owing to its exclusive properties to any other categories of welding consumables. The flux-cored wire does not have need of peripheral shielding gas since the weld pool is safeguarded by gas produced when flux from the cable is burned. Accordingly, the flux-cored wire is more transportable as it does not involve an external gas tank. Also, they permit for an elevated deposition rate and operate appropriately outdoors and in windy surroundings. Flux-cored wire is excellent when it comes to pipeline especially in oil and gas sector and with the recent development in the region, for instance, in 2021 Tanzania has signed a Host Government Agreement (HGA) with a Total-led joint venture to launch the East African Crude Oil Pipeline Project (EACOP), which is expected to boost the demand for flux-cored wire which drives the market growth of Africa welding consumables market.

Africa Welding Consumables Market Segment Analysis - By Techniques

Arc welding segment held the largest share in the Africa Welding Consumables Market in 2020. Arc welding is basically a process of joining two metal parts with the help of electricity and is the easiest process compared to any other. Due to the extreme heat concentration, the process can be perform quickly and saves lot of time by higher welding speeds. The demand for arc welding techniques is rising owing to its properties like less distortion, less smoke or sparks are involved, can be carried out in any atmosphere, cheap cost and high corrosion resistance which have direct impact on the growth of Africa welding consumables market.

Africa Welding Consumables Market Segment Analysis - By Application

Steel and Pipeline segment held the largest share in the Africa Welding Consumables Market in 2020 and is growing at a CAGR of 4.1% during 2021-2026. Pipeline welding is used in water lines, gas lines, oil refineries and others in industries like oil and gas, automotive, and construction. It is used to carry out fluids such as natural gas, petroleum-based products, fuel from underground. Since, a welded pipe can be easily repaired compared to the one using screwed fittings. With welding, repair seems to be done right win the place. Owing to the benefits of pipeline welding, it is mostly preferred by the end-use industries and to which might boost the growth of Africa welding consumables market.  

Africa Welding Consumables Market Segment Analysis - By End-Use Industry

Building and Construction segment held the largest share in the Africa Welding Consumables Market in 2020 and is growing at a CAGR of 6.3% during 2021-2026. There is an escalating demand for welding consumables for the building and construction industry. The building and construction activities repeatedly involve welding techniques to connect the steel I-beams, columns, trusses, and footers that construct the operational structure of a building. These components are cut to size, lifted into position with a crane or construction jack, and then welded together to support the floors, walls, and roof of a building. There have been rapid developments in the building and construction sector, for instance, Kenya has embarked on construction of a US$14.5 billion technology city in Machakos County in a bid to attract technology talents and investors to drive its economic growth. Then again, in 2020 the World Bank has approved US$130.8 million in financing to support the US$150.80 million Uganda Roads and Bridges in the Refugee Hosting Districts Project, the demand for welding consumables will also substantially increase, which will enhance the Africa welding consumables market during the forecast period.

Africa Welding Consumables Market Segment Analysis - By Country

South Africa dominates the Africa Welding Consumables Market held the largest share up to 41% in 2020 owing to the rise in demand and production of automobiles and the need for rapid construction in the region, due to the increasing population. For instance, in June 2020, African government announced the roll-out of an extensive infrastructure investment drive that would cover 55 projects across six sectors. And according to International Trade Administration, South Africa’s global vehicle production ranking is 22nd with a 6.9% vehicle production market share. South Africa has the best rail infrastructure in Africa and according to International Trade Administration, the South African Government has announced plans to spend US$62.9 billion by 2027 on transportation infrastructure. The development in the country’s automotive and construction has direct impact on the market growth of Africa consumables welding market. 

Africa Welding Consumables Market Drivers

Rising demand of welding consumables in the automotive sector

Demands placed on vehicles are constantly escalating, for instance, in 2019 the production rate of passenger cars in Africa increased by 1.3% from the previous year according to Organisation Internationale des Constructeurs d'Automobiles (OICA). Extraordinary functioning is vital along with energy efficiency and low weight, while more rigorous international legislation implements gradually reduced emissions. Welding consumables like stick electrode, flux-cored wires, solid wires, SAW wires and fluxes offer cost savings in terms of higher production output, increased weld quality, less rejects and less post weld repair and cleaning. Additional, welding metal-cored wires for exhaust systems in a vehicle have a much higher deposition rate and welding speed than solid wires of the same diameter. There has been a constant rise and development in the African automotive sector. The initiatives and the developments will bring certain positive growth to Africa welding consumables market. 

Welding requirements in Oil and Gas Offshore industry

Oil and Gas sector is one of the major consumers of welding consumables as the sector is used during welding of high strength steels used in drilling units or offshore cranes, corrosion resistant alloys used for subsea and top side processing applications and low alloyed consumables for the welding of pressure control equipment. The demands are high as it offers high quality metal-base wires for the hot wire GTAW process and the most advanced solutions in electroslag strip cladding. With the forthcoming projects of Nigeria’s Petroleum Industry Bill (PIB), South Africa passing its upstream legislation, Somalia’s first ever licensing round in early 2021, and the speedy development of Tanzania LNG Liquefaction project, point to a future of reliable energy production for Sub-Saharan Africa indicates the upcoming developments in the region. Additionally, Rovuma LNG Liquefaction Plant project worth US$22.4 billion, is expected to produce 8.2 million tonnes of LNG per year.  With the constant development of oil and gas industries in the region and considering the demand of welding consumables from the sector will enhance the market growth of Africa welding consumables market. 

Africa Welding Consumables Market Challenges

Unavailability of raw Materials

Fluctuation in the raw material like steel, cast iron, mild steel, alloys and othors, prices is a state of concern which are mainly observe due to change in trade policies, fluctuations in foreign exchange rates and imbalance supply and demand system. This further creates unfavorable impact on the manufacturers and ultimately impact the cost of consumables, forcing to reduce the profit margin in order to stay in the competition. Besides lack of skilled welder is another reason hindering the market growth of Africa welding consumables market.

Africa Welding Consumables Market Landscape

Technology launches, acquisitions and R&D activities are key strategies adopted by players in the Africa Welding Consumables Market. Major players in the Africa Welding Consumables Market are voestalpine Böhler Welding, Afrox Ltd, Illinois Tool Works Inc., Sonics and Materials, Inc., Fronius International GmbH, Obara Corporation, Daihen Corporation, ROFIN-SINAR Technologies Inc., Panasonic Corp., Lincoln Electric Holdings Inc.

Acquisitions/Technology Launches/ Product Launches  

  • In November 2020, Voestalpine Böhler Welding and Afrox Ltd. formed a joint venture to manufacture welding consumables, which strengthen their presence in the South African and Sub-Saharan African region. Afrox has contributed its current welding consumables factory located in South Africa into a new company and sold 51% thereof to Voestalpine Böhler Welding.

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1. Africa Welding Consumables Market- Market Overview
    1.1 Definitions and Scope 
2. Africa Welding Consumables Market - Executive Summary
    2.1 Key Trends by Material Type
    2.2 Key Trends by Consumables 
    2.3 Key Trends by Techniques
    2.4 Key Trends by Application
    2.5 Key Trends by End-Use Industry
    2.6 Key Trends by Country
3. Africa Welding Consumables Market – Comparative analysis 
    3.1 Market Share Analysis- Major Companies
    3.2 Product Benchmarking- Major Companies
    3.3 Top 5 Financials Analysis
    3.4 Patent Analysis- Major Companies
    3.5 Pricing Analysis (ASPs will be provided)
4. Africa Welding Consumables Market - Startup companies Scenario Premium Premium 
    4.1 Major startup company analysis:
        4.1.1 Investment
        4.1.2 Revenue
        4.1.3 Product portfolio
        4.1.4 Venture Capital and Funding Scenario
5. Africa Welding Consumables Market – Industry Market Entry Scenario Premium Premium 
    5.1 Regulatory Framework Overview
    5.2 New Business and Ease of Doing Business Index
    5.3 Successful Venture Profiles
    5.4 Customer Analysis – Major companies
6. Africa Welding Consumables Market - Market Forces
    6.1 Market Drivers
    6.2 Market Constraints
    6.3 Porters Five Force Model
        6.3.1 Bargaining Power of Suppliers
        6.3.2 Bargaining Powers of Buyers
        6.3.3 Threat of New Entrants
        6.3.4 Competitive Rivalry
        6.3.5 Threat of Substitutes 
7. Africa Welding Consumables Market – Strategic Analysis
    7.1 Value/Supply Chain Analysis
    7.2 Opportunity Analysis
    7.3 Product/Market Life Cycle
    7.4 Distributor Analysis – Major Companies 
8. Africa Welding Consumables Market – By Material Type (Market Size -US$ Million/Billion)
    8.1 Metal Welding
    8.2 Glass Welding
    8.3 Plastic Welding
    8.4 Wood Welding
    8.5 Others
9. Africa Welding Consumables Market - By Consumables (Market Size-US$ Million/Billion
    9.1 Coated Electrodes
    9.2 Rods and Wires
    9.3 Flux-Cored Wires
    9.4 SAW Fluxes
    9.5 Shielding Gases
    9.6 Others
10. Africa Welding Consumables Market - By Techniques (Market Size-US$ Million/Billion)
    10.1 Arc Welding
        10.1.1 Shielded Metal Arc Welding
        10.1.2 Gas Metal Arc Welding (MIG Welding)
        10.1.3 Gas Tungsten Arc Welding (TIG Welding)
        10.1.4 Carbon Arc Welding
        10.1.5 Others
    10.2 Resistance Welding
        10.2.1 Spot Welding
        10.2.2 Projection Welding
        10.2.3 Flash Welding
        10.2.4 Others
    10.3 Oxyacetylene Welding
    10.4 Solid State Welding
        10.4.1 Forge Welding
        10.4.2 Cold Welding
        10.4.3 Hot Pressure Welding
        10.4.4 Others
    10.5 Stud Welding
        10.5.1 Capacitor Discharge Stud Welding
        10.5.2 Drawn Arc Stud Welding
        10.5.3 Short Cycle Stud Welding
    10.6 Laser Beam Welding
    10.7 Others
11. Africa Welding Consumables Market - By Application (Market Size-US$ Million/Billion)
    11.1 Steel and Pipeline
    11.2 Robotics
    11.3 Plumbing
    11.4 Shipbuilding
    11.5 Mining
    11.6 Railroads 
    11.7 Auto body repairs
    11.8 Others
12. Africa Welding Consumables Market – By End-Use Industry (Market Size -US$ Million/Billion)
    12.1 Building and Construction
        12.1.1 Residential
        12.1.2 Commercial
        12.1.3 Industrial
        12.1.4 Infrastructure
    12.2 Automotive
        12.2.1 Passenger Cars
        12.2.2 Light Commercial Vehicles
        12.2.3 Heavy Commercial Vehicles
    12.3 Marine
    12.4 Locomotive
    12.5 Aerospace 
        12.5.1 Commercial
        12.5.2 Military
        12.5.3 Others
    12.6 Electrical and Electronics
    12.7 Energy
    12.8 Oil & Gas
    12.9 Medical
    12.10 Food & Beverages 
    12.11 Others
13. Africa Welding Consumables Market - By Country (Market Size -US$ Million/Billion)
    13.1 South Africa
    13.2 Nigeria
    13.3 Ethiopia
    13.4 Mozambique
    13.5 Kenya
    13.6 Egypt
    13.7 Ghana
    13.8 Morocco
    13.9 Rest of Africa 
14. Africa Welding Consumables Market – Entropy
    14.1 New Product Launches
    14.2 M&As, Collaborations, JVs and Partnerships
15. Africa Welding Consumables Market – Market Share Analysis Premium
    15.1 Company Benchmarking Matrix – Major Companies
    15.2 Market Share by Key Country - Major companies
    15.3 Market Share by Key Application - Major companies
    15.4 Market Share by Key Product Type/Product category - Major companies
16. Africa Welding Consumables Market – Key Company List by Country Premium Premium
17. Africa Welding Consumables Market Company Analysis - Business Overview, Product Portfolio, Financials, and Developments
    17.1 Company 1
    17.2 Company 2
    17.3 Company 3
    17.4 Company 4
    17.5 Company 5
    17.6 Company 6
    17.7 Company 7
    17.8 Company 8
    17.9 Company 9
    17.10 Company 10 and more
"*Financials would be provided on a best efforts basis for private companies"