Welding Consumables Market is estimated to be valued at USD 18.85 Bn in 2025 and is expected to reach USD 27.97 Bn by 2032, growing at a compound annual growth rate (CAGR) of 5.8% from 2025 to 2032.
Report Coverage
Report Details
Base Year:
2024
Market Size in 2025:
USD 18.85 Bn
Historical Data for:
2020 To 2024
Forecast Period:
2025 To 2032
Forecast Period 2025 to 2032 CAGR:
5.80%
2032 Value Projection:
USD 27.97 Bn
Welding is a fabrication technique employed to unite two or more parts made of materials with similar properties, such as metals or thermoplastics, by subjecting them to high temperatures that melt the components and enable fusion upon cooling. Within the welding process, the components being joined are referred to as the parent material, while the material used to facilitate the joining is known as the filler. Welding consumables play a pivotal role in numerous industries, including automotive, construction, and marine sectors, among others, as they are extensively utilized to effectively connect multiple metal parts together.
Market Dynamics:
Growing automobile and construction industry across the global is expected to drive the market growth during the forecasted period 2025-2032. As Welding is one of the essential processes used in construction and automobile industry where different types of welding such as arc welding, laser beam welding, friction welding, resistance welding, and ultrasonic welding are used to join the metal components such as doors, roofs among other of a vehicles as the vehicles parts are manufacturers separately and are joint together to build a whole vehicle using welding process. Furthermore, growing number of solar plats across the globe also affected the market positively as to setup a solar plant the solar panels are too we welded with the solar stand which will also help the market to grow during the forecasted period.
Key features of the study:
This report provides an in-depth analysis of global welding consumables market size (US$ Billion) and compound annual growth rate (CAGR %) for the forecast period (2023 to 2030), considering 2024 as the base year
It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
This study also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, regional outlook, and competitive strategies adopted by the leading market players
It profiles leading players in the global welding consumables market based on the following parameters - company overview, financial performance, product portfolio, geographical presence, market capital, key developments, strategies, and future plans
Companies covered as a part of this study include Voestalpine AG, Arcon Welding Equipment, Colfax Corporation, Kemppi Oy, The Lincoln Electric Company, Tianjin Bridge Welding Materials Co., Ltd., Air Liquide, Fronius International GmbH, Hyundai Welding Co., Ltd., Denyo Co., Ltd., Obara Corporation, Illinois Tool Works Inc., Panasonic Corporation, and others
Insights from this report would allow marketers and management authorities of companies to make informed decisions regarding future product launches, product upgrades, market expansion, and marketing tactics
The global welding consumables market report caters to various stakeholders in this industry including investors, suppliers, managed service providers, third-party service providers, distributors, new entrants, and value-added resellers
Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global welding consumables market.
Detailed Segmentation:
Global Welding Consumables Market, By Welding Consumables:
Stick Electrodes
Solid Wires
Flux Cored Wires
SAW Wires & Fluxes
Others
Global Welding Consumables Market, By Welding Technique:
Arc Welding
Resistance Welding
Oxy-Fuel Welding
Laser-Beam Welding
Ultrasonic Welding
Others
Global Welding Consumables Market, By Application:
Automotive & Transportation
Building & Construction
Marine Applications
Others
Global Welding Consumables Market, By Region
North America
U.S.
Canada
Latin America
Brazil
Argentina
Mexico
Rest of Latin America
Europe
Germany
U.K.
Spain
France
Italy
Russia
Rest of Europe
Asia Pacific
China
India
Japan
Australia
South Korea
ASEAN
Rest of Asia Pacific
Middle East
GCC Countries
Israel
Rest of Middle East
Africa
South Africa
North Africa
Central Africa
Company Profiles:
Voestalpine AG
Arcon Welding Equipment
Colfax Corporation
Kemppi Oy
The Lincoln Electric Company
Tianjin Bridge Welding Materials Co., Ltd.
Air Liquide
Fronius International GmbH
Hyundai Welding Co., Ltd.
Denyo Co., Ltd.
Obara Corporation
Illinois Tool Works Inc
Panasonic Corporation
Others
Table of Contents
1. Research Objectives and Assumptions
Research Objectives
Assumptions
Abbreviations
2. Market Purview
Report Description
Market Definition and Scope
Executive Summary
Market Snippet, By Welding Consumables
Market Snippet, By Welding Technique
Market Snippet, By Application
Market Snippet, By Region
Coherent Opportunity Map (COM)
3. Market Dynamics, Regulations, and Trends Analysis
Market Dynamics
Drivers
Adoption Of IoT
Technological Advancements
Restraints
Environmental regulations
Safety concerns
Opportunities
Rapid Industrialization is Driving the need for Welding Consumable
Industrial Manufacturing
Impact Analysis
Key Highlights
Regulatory Scenario
Product Launches/Approvals
PEST Analysis
PORTER's Analysis
Merger and Acquisition Scenario
4. Global Welding Consumable Market, By Welding Consumables, 2020-2032, (US$ Bn)
Introduction
Market Share Analysis, 2025 and 2032 (%)
Y-o-Y Growth Analysis, 2021-2032
Segment Trends
Stick Electrodes
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2020-2032, (US$ Bn)
Solid Wires
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2020-2032, (US$ Bn)
Flux Cored Wires
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2020-2032, (US$ Bn)
SAW Wires & Fluxes
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2020-2032, (US$ Bn)
Others
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2020-2032, (US$ Bn)
5. Global Welding Consumable Market, By Welding Technique, 2020-2032, (US$ Bn)
Introduction
Market Share Analysis, 2025 and 2032 (%)
Y-o-Y Growth Analysis, 2021-2032
Segment Trends
Arc Welding
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2020-2032, (US$ Bn)
Resistance Welding
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2020-2032, (US$ Bn)
Oxy-Fuel Welding
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2020-2032, (US$ Bn)
Laser-Beam Welding
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2020-2032, (US$ Bn)
Ultrasonic Welding
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2020-2032, (US$ Bn)
Others
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2020-2032, (US$ Bn)
6. Global Welding Consumable Market, By Application, 2020-2032, (US$ Bn)
Introduction
Market Share Analysis, 2025 and 2032 (%)
Y-o-Y Growth Analysis, 2021-2032
Segment Trends
Automotive & Transportation
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2020-2032, (US$ Bn)
Building & Construction
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2020-2032, (US$ Bn)
Marine Applications
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2020-2032, (US$ Bn)
Others
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2020-2032, (US$ Bn)
7. Global Welding Consumable Market, By Region, 2020-2032, (US$ Bn)
Introduction
Market Share Analysis, By Country, 2025 and 2032 (%)
Y-o-Y Growth Analysis, For Country 2021-2032
Country Trends
North America
Introduction
Market Size and Forecast, and Y-o-Y Growth, By Welding Consumables, 2020-2032,(US$ Bn)
Market Size and Forecast, and Y-o-Y Growth, By Welding Technique, 2020-2032,(US$ Bn)
Market Size and Forecast, and Y-o-Y Growth, By Application, 2020-2032,(US$ Bn)
Market Size and Forecast, and Y-o-Y Growth, By Country, 2020-2032, (US$ Bn)
U.S.
Canada
Europe
Introduction
Market Size and Forecast, and Y-o-Y Growth, By Welding Consumables, 2020-2032,(US$ Bn)
Market Size and Forecast, and Y-o-Y Growth, By Welding Technique, 2020-2032,(US$ Bn)
Market Size and Forecast, and Y-o-Y Growth, By Application, 2020-2032,(US$ Bn)
Market Size and Forecast, and Y-o-Y Growth, By Country, 2020-2032, (US$ Bn)
U.K.
Germany
France
Russia
Rest of Europe
Asia Pacific
Introduction
Market Size and Forecast, and Y-o-Y Growth, By Welding Consumables, 2020-2032,(US$ Bn)
Market Size and Forecast, and Y-o-Y Growth, By Welding Technique, 2020-2032,(US$ Bn)
Market Size and Forecast, and Y-o-Y Growth, By Application, 2020-2032,(US$ Bn)
Market Size and Forecast, and Y-o-Y Growth, By Country, 2020-2032, (US$ Bn)
China
India
Japan
ASEAN
Australia
South Korea
Rest of Asia Pacific
Latin America
Introduction
Market Size and Forecast, and Y-o-Y Growth, By Welding Consumables, 2020-2032,(US$ Bn)
Market Size and Forecast, and Y-o-Y Growth, By Welding Technique, 2020-2032,(US$ Bn)
Market Size and Forecast, and Y-o-Y Growth, By Application, 2020-2032,(US$ Bn)
Market Size and Forecast, and Y-o-Y Growth, By Country, 2020-2032, (US$ Bn)
Brazil
Argentina
Mexico
Rest of Latin America
Middle East & Africa
Introduction
Market Size and Forecast, and Y-o-Y Growth, By Welding Consumables, 2020-2032,(US$ Bn)
Market Size and Forecast, and Y-o-Y Growth, By Welding Technique, 2020-2032,(US$ Bn)
Market Size and Forecast, and Y-o-Y Growth, By Application, 2020-2032,(US$ Bn)
Market Size and Forecast, and Y-o-Y Growth, By Country, 2020-2032, (US$ Bn)