Miller Electric(subsidiary of Illinois Tool Works)
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The global welding materials market size is expected to reach USD 25.40 billion by 2034, according to a new study by Polaris Market Research. The report "Welding Materials Market Size, Share, Trends, Industry Analysis Report: By Type (Electrodes & Fillers, Fluxes & Wires, and Gases), Technology, End-Use Industry, and Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Market Forecast, 2025-2034" gives a detailed insight into current market dynamics and provides analysis on future market growth.
The welding materials market growth is driven by the increasing demand for welding in industries such as automotive, construction, aerospace, and energy. Key drivers include advancements in automation and robotic welding technologies, which enhance efficiency and precision, and the rising demand for eco-friendly and sustainable materials due to stricter environmental regulations.
The welding materials market opportunities exist in emerging markets, particularly in Asia Pacific, where industrialization and infrastructure development are rising. Trends such as the growing adoption of digital welding technologies, including real-time monitoring and data analytics, and the rising need for specialized welding materials for lightweight materials and renewable energy projects further contribute to market growth.
Welding Materials Market Report Highlights
Based on type, the electrode & fillers segment dominates the welding materials market share, driven by its widespread use in various welding processes, particularly in the automotive and construction industries. The segment is also experiencing significant growth with the increasing demand for advanced materials for heavy-duty applications.
The arc welding segment, by technology, holds the largest market share due to its versatility and adaptability across industries such as automotive, construction, and energy. However, the resistance welding segment is registering the highest growth rate, primarily fueled by its efficiency in high-volume, automated manufacturing, particularly in the automotive sector.
In terms of end-use industry, the automotive & transportation segment registers the highest growth in the market, driven by the high demand for precision welding in vehicle manufacturing, including electric vehicles. The building & construction segment also presents strong growth opportunities, particularly in emerging markets, as infrastructure development continues to rise globally.
Asia Pacific dominates the welding materials market share, owing to rapid industrialization and infrastructure development in countries such as China and India. However, the region also shows the highest growth, particularly in emerging markets, as demand for welding materials continues to surge in line with expanding manufacturing and construction activities.
Polaris Market Research has segmented the welding materials market report on the basis of type, technology, end-use industry, and region:
By Type Outlook (Revenue, USD Billion, 2020-2034)
Electrode & Fillers
Fluxes & Wires
Gases
By Technology Outlook (Revenue, USD Billion, 2020-2034)
Arc Welding
Resistance Welding
Oxy-Fuel Welding
By End-Use Industry Outlook (Revenue, USD Billion, 2020-2034)
Automotive & Transportation
Building & Construction
Marine
Oil & Gas
By Regional Outlook (Revenue, USD Billion, 2020-2034)
North America
US
Canada
Europe
Germany
France
UK
Italy
Spain
Netherlands
Russia
Rest of Europe
Asia Pacific
China
Japan
India
Malaysia
South Korea
Indonesia
Australia
Vietnam
Rest of Asia Pacific
Middle East & Africa
Saudi Arabia
UAE
Israel
South Africa
Rest of Middle East & Africa
Latin America
Mexico
Brazil
Argentina
Rest of Latin America
Table of Contents
1. Introduction
1.1. Report Description
1.1.1. Objectives of the Study
1.1.2. Market Scope
1.1.3. Assumptions
1.2. Stakeholders
2. Executive Summary
2.1. Market Highlights
3. Research Methodology
3.1. Overview
3.1.1. Data Mining
3.2. Data Source
3.2.1. Primary Source
3.2.2. Secondary Source
4. Global Welding Materials Market Insights
4.1. Welding Materials Market - Market Snapshot
4.2. Welding Materials Market Dynamics
4.2.1. Drivers and Opportunities
4.2.1.1. Growing Preference for Eco-Friendly Welding Materials
4.2.1.2. Demand for Lightweight Welding Materials in Automotive and Aerospace
4.2.2. Restraints and Challenges
4.2.2.1. Volatility in Raw Material Costs
4.3. Porter's Five Forces Analysis
4.3.1. Bargaining Power of Suppliers (Moderate)
4.3.2. Threats of New Entrants: (Low)
4.3.3. Bargaining Power of Buyers (Moderate)
4.3.4. Threat of Substitute (Moderate)
4.3.5. Rivalry among existing firms (High)
4.4. PESTEL Analysis
4.5. Welding Materials Market End-Use Industry Trends
4.6. Value Chain Analysis
4.7. COVID-19 Impact Analysis
5. Global Welding Materials Market, by Type
5.1. Key Findings
5.2. Introduction
5.2.1. Global Welding Materials Market, by Type, 2020-2034 (USD Billion)
5.3. Electrodes & Fillers
5.3.1. Global Welding Materials Market, by Electrodes & Fillers, by Region, 2020-2034 (USD Billion)
5.4. Fluxes & Wires
5.4.1. Global Welding Materials Market, by Fluxes & Wires, by Region, 2020-2034 (USD Billion)
5.5. Gases
5.5.1. Global Welding Materials Market, by Gases, by Region, 2020-2034 (USD Billion)
6. Global Welding Materials Market, by Technology
6.1. Key Findings
6.2. Introduction
6.2.1. Global Welding Materials Market, by Technology, 2020-2034 (USD Billion)
6.3. Arc Welding
6.3.1. Global Welding Materials Market, by Arc Welding, by Region, 2020-2034 (USD Billion)
6.4. Resistance Welding
6.4.1. Global Welding Materials Market, by Resistance Welding, by Region, 2020-2034 (USD Billion)
6.5. Oxy-Fuel Welding
6.5.1. Global Welding Materials Market, by Oxy-Fuel Welding, by Region, 2020-2034 (USD Billion)
7. Global Welding Materials Market, by End-Use Industry
7.1. Key Findings
7.2. Introduction
7.2.1. Global Welding Materials Market, by End-Use Industry, 2020-2034 (USD Billion)
7.3. Automotive & Transportation
7.3.1. Global Welding Materials Market, by Automotive & Transportation, by Region, 2020-2034 (USD Billion)
7.4. Building & Construction
7.4.1. Global Welding Materials Market, by Building & Construction, by Region, 2020-2034 (USD Billion)
7.5. Marine
7.5.1. Global Welding Materials Market, by Marine, by Region, 2020-2034 (USD Billion)
7.6. Oil & Gas
7.6.1. Global Welding Materials Market, by Oil & Gas, by Region, 2020-2034 (USD Billion)
8. Global Welding Materials Market, by Geography
8.1. Key Findings
8.2. Introduction
8.2.1. Welding Materials Market Assessment, By Geography, 2020-2034 (USD Billion)
8.3. Welding Materials Market - North America
8.3.1. North America: Welding Materials Market, by Type, 2020-2034 (USD Billion)
8.3.2. North America: Welding Materials Market, by Technology, 2020-2034 (USD Billion)
8.3.3. North America: Welding Materials Market, by End-Use Industry, 2020-2034 (USD Billion)
8.3.4. Welding Materials Market - U.S.
8.3.4.1. U.S.: Welding Materials Market, by Type, 2020-2034 (USD Billion)
8.3.4.2. U.S.: Welding Materials Market, by Technology, 2020-2034 (USD Billion)