용접 소모품은 건축 및 건설, 제조, 해양, 자동차, 석유 및 가스 등 다양한 주요 최종 사용 산업에서 성장하고 있기 때문에 시장 규모는 2024년에 127억 3,000만 달러를 넘어 2032년에는 약 166억 2,000만 달러에 달할 것으로 예측됩니다.
용접 기술과 용접 공정의 지속적인 개선으로 특수 용접 소모품에 대한 수요가 증가하고 있으며, 2026-2032년 연평균 3.39%의 연평균 복합 성장률(CAGR)을 보일 것으로 예측됩니다.
용접 소모품 시장 정의/개요
용접 소모품은 두 개 이상의 금속 또는 열가소성 플라스틱을 접합 또는 융합하기 위한 용접 공정에 사용되는 재료입니다. 이러한 소모품에는 용접 중에 용융되어 견고한 접합부를 생성하는 금속 필러와 용융된 용접부를 산화 및 대기 중 불순물로부터 보호하는 역할을 하는 플럭스 등이 포함됩니다. 이러한 재료의 효과적인 사용은 용접 조인트의 무결성과 내구성을 보장하는 데 매우 중요하며, 건설, 자동차, 해양, 에너지 등 다양한 산업에서 필수적인 요소입니다.
또한 용접 소모품은 용도와 용접 기술에 따라 스틱 전극, 플럭스가 함유된 와이어, 솔리드 와이어, 서브머지드 아크 용접(SAW) 와이어 등 다양한 유형으로 나뉩니다. 적절한 소모품의 선택은 용접 품질에 직접적인 영향을 미치며, 강도, 외관, 환경 조건에 대한 내성 등의 요인에 영향을 미칩니다.
급속한 산업화는 인프라 구축 및 제조 활동에 대한 수요를 크게 증가시킴으로써 용접 소모품 시장의 성장에 매우 중요한 역할을 하고 있습니다. 산업화가 진행됨에 따라 건물, 교량, 교통망과 같은 견고한 건설 프로젝트에 대한 수요가 증가하고 있으며, 이러한 건설 프로젝트는 구조적 무결성을 보장하기 위해 용접에 크게 의존하고 있습니다. 예를 들어, 인도에서는 국가 제조 산업 정책
에서는 2024년까지 제조업의 경제 기여도를 16%에서 25%로 끌어올리는 것을 목표로 하고 있으며, 정부가 산업 성장에 중점을 두고 있음을 강조하고 있습니다.
또한, 인도 도로교통부는 향후 5년간 인프라 프로젝트에 약 1조 4,000억 달러를 투자할 계획이며, 이는 용접 소모품에 대한 수요를 더욱 촉진할 것으로 예상하고 있습니다. 이러한 산업 활동의 급증은 용접에 직접적으로 관련된 철강 및 기타 재료의 소비를 증가시킬 뿐만 아니라 용접 기술 및 공정의 발전을 촉진하고 다양한 부문의 전반적인 생산성과 효율성을 향상시킬 수 있습니다.
원자재 가격의 급등과 가격 변동은 생산 비용과 가격 전략에 영향을 미쳐 용접 소모품 시장에 큰 영향을 미칩니다. 금속, 합금, 플럭스 등 필수 재료의 가격 변동은 예측할 수 없는 제조 비용으로 이어질 수 있으며, 그 결과 제조업체는 제품의 안정적인 가격 책정을 유지하기가 어려워집니다. 예를 들어, 미국 노동부의 보고서에 따르면, 지정학적 긴장과 공급망 혼란으로 인해 금속 가격이 크게 변동하고 있으며, 경우에 따라서는 제조 비용을 최대 20%까지 상승시킬 수 있다고 합니다. 이러한 예측할 수 없는 상황은 수익률을 압박하고, 제조업체는 비용을 흡수하거나 고객에게 전가하여 시장 성장을 제한할 수 있습니다.
또한, 기업이 이러한 영향을 줄이기 위해 노력하는 과정에서 효과적인 공급망 관리의 필요성이 매우 중요해졌으며, 변동하는 시장 환경에서 경쟁력을 확보하기 위해 대체 자재 및 조달 전략에 대한 투자가 필요한 경우가 많습니다.
The welding consumables is growing across various key end-use industries including building and construction, manufacturing, marine, automobile, oil and gas, and many others, therefore driving the market size surpass USD 12.73 Billion valued in 2024 to reach a valuation of around USD 16.62 Billion by 2032.
Continuous improvements in welding technologies and processes are driving the need for specialized welding consumables, enabling the market to grow at a CAGR of 3.39% from 2026 to 2032.
Welding Consumables Market: Definition/ Overview
Welding consumables are materials utilized in the welding process to join or fuse two or more pieces of metal or thermoplastics together. These consumables include filler metals, which melt during welding to create a strong bond, and fluxes, which serve to protect the molten weld from oxidation and impurities in the atmosphere. The effective use of these materials is crucial for ensuring the integrity and durability of the weld joint, making them essential in various industries such as construction, automotive, marine, and energy.
Furthermore, welding consumables are categorized into different types based on their application and welding technique, including stick electrodes, flux-cored wires, solid wires, and submerged arc welding (SAW) wires. The selection of appropriate consumables directly impacts the quality of the weld, influencing factors like strength, appearance, and resistance to environmental conditions.
Rapid industrialization plays a pivotal role in the growth of the welding consumables market by significantly increasing the demand for infrastructure development and manufacturing activities. As countries industrialize, there is a heightened need for robust construction projects, including buildings, bridges, and transportation networks, which rely heavily on welding for structural integrity. For instance, in India, the National Manufacturing Policy
aims to increase the manufacturing sector's contribution to the economy from 16% to 25% by 2024, highlighting the government's focus on industrial growth.
Additionally, the Ministry of Road Transport and Highways reported that India plans to invest approximately USD 1.4 Trillion in infrastructure projects over the next five years, further driving the demand for welding consumables. This surge in industrial activity not only boosts the consumption of steel and other materials directly linked to welding but also stimulates advancements in welding technologies and processes, enhancing overall productivity and efficiency in various sectors.
High raw material costs and price volatility significantly impact the welding consumables market by affecting production expenses and pricing strategies. Fluctuations in the prices of essential materials such as metals, alloys, and fluxes can lead to unpredictable manufacturing costs, which in turn challenge manufacturers to maintain stable pricing for their products. For instance, the U.S. Department of Labor reported that metal prices have seen considerable volatility due to geopolitical tensions and supply chain disruptions, which can increase production costs by up to 20% in some cases. This unpredictability can squeeze profit margins, forcing manufacturers to either absorb costs or pass them on to customers, potentially limiting market growth.
Furthermore, the need for effective supply chain management becomes critical as companies strive to mitigate these impacts, often requiring investments in alternative materials or sourcing strategies to ensure competitiveness in a fluctuating market environment.
Continuous innovations in the composition of flux-cored wires play a crucial role in their dominance within the welding consumables market by enhancing performance, versatility, and efficiency. These advancements often involve the development of new alloy formulations and flux materials that improve weld quality and reduce defects, making flux-cored wires particularly suitable for heavy-duty applications in industries like shipbuilding and oil and gas. According to the U.S. Department of Energy, the demand for high-performance welding solutions is on the rise, driven by increased infrastructure investments and a focus on more efficient manufacturing processes.
Additionally, innovations such as self-shielded flux-cored wires eliminate the need for external shielding gas, allowing for effective welding even in challenging outdoor conditions. This adaptability not only meets the needs of diverse applications but also aligns with industry trends toward automation and improved productivity, further solidifying the position of flux-cored wires as a preferred choice among welding professionals.
In What Ways Does Urbanization Contribute to the Growth of the Welding Consumables Market Within the Building and Construction Sector?
Urbanization significantly contributes to the growth of the welding consumables market within the building and construction sector by driving an increase in infrastructure development and housing projects. As urban areas expand, there is a heightened demand for residential, commercial, and public infrastructure, necessitating robust welding solutions for structural integrity. For example, the U.S. Census Bureau reported that construction spending in the United States reached approximately USD 1.6 Trillion in 2022, reflecting a strong commitment to urban development. This surge in construction activities requires various welding consumables, such as electrodes and wires, to join materials like steel and aluminum effectively.
Additionally, urbanization often leads to increased investments in transportation networks, including roads and bridges, which further amplifies the demand for high-quality welding products. As cities continue to grow and evolve, the need for durable and reliable welding consumables becomes increasingly critical to meet the structural demands of modern infrastructure.
Asia-Pacific's position as the largest revenue-generating region in the welding consumables market is primarily driven by rapid industrialization, urbanization, and extensive infrastructure development. Countries like China and India are experiencing significant growth in construction activities, with the U.S. Census Bureau reporting that infrastructure spending in these regions is projected to reach over USD 1 Trillion by 2025. This surge in construction demands a wide range of welding consumables for joining metal frameworks in buildings, bridges, and other structures.
Additionally, the region's robust manufacturing sectors, particularly in automotive and electronics, further amplify the need for high-quality welding materials. According to the Asian Development Bank, investments in infrastructure across Asia are expected to exceed
USD 26 Trillion by 2032, highlighting the critical role of welding consumables in supporting these developments. Furthermore, the shift towards advanced technologies and automation in manufacturing processes enhances the demand for specialized welding solutions, solidifying Asia-Pacific's dominance in this market.
Technological advancements play a vital role in North America's leadership in the welding consumables market by enhancing the efficiency, precision, and safety of welding processes. Continuous innovation in welding technologies, such as the development of advanced materials and automated systems, has allowed manufacturers to produce high-quality consumables that meet the stringent demands of industries like aerospace and automotive.
According to the U.S. Department of Labor, the manufacturing sector is expected to see a significant increase in productivity, driven by automation and robotics adoption, which is crucial for maintaining competitive advantages.
Furthermore, the integration of smart technologies, including Internet of Things (IoT) capabilities in welding consumables, facilitates real-time monitoring and quality control, ensuring compliance with rigorous industry standards. This technological shift not only improves operational efficiencies but also aligns with the growing emphasis on worker safety and environmental sustainability. As a result, North America continues to attract investments in research and development, further solidifying its position as a leader in the welding consumables market.
The welding consumables market is a fragmented landscape with a mix of prominent players and regional competitors. Established companies like Kobe Steel, Lincoln Electric, and ESAB hold a significant market share. However, regional players are emerging in growing markets like Asia-Pacific, offering cost-effective options. The future might see consolidation as larger companies acquire niche players or expand their product portfolios to cater to diverse welding needs.
Some of the prominent players operating in the welding consumables market include:
voestalpine AG
The Lincoln Electric Company
Kemppi Oy
Colfax Corporation
Air Liquide
Obara Corporation
Illinois Tool Works,
Fronius International GmbH
Hyundai Welding , Ltd.
Panasonic Corporation
In February 2024, Lincoln Electric launched its Hyperfill(TM) technology, which enhances the deposition rate in flux-cored arc welding (FCAW). This innovative solution allows for increased productivity and efficiency, making it particularly beneficial for heavy fabrication and construction applications.
In January 2024, Kemppi Oy launched its new X8 MIG Welder, which integrates advanced digital technology for enhanced welding performance. This welder is designed to optimize the use of welding consumables, improving efficiency and reducing waste in industrial applications.