Published by maria gbaf
Posted on January 26, 2022
4 min readLast updated: January 28, 2026
The global welding consumables market is set to reach $26.83 billion by 2030, driven by steel consumption and technological advancements in welding processes.
Global welding consumables market is expected to reach a valuation of US$ 26.83 Bn by 2030 end, recording a steady CAGR of 5.7%. Growth of welding sector is majorly relied on the global steel consumption in several end-use industries such as the marine, automotive & transportation, and construction industries.
Market players are inclining towards automation at diverse stages in the welding process. Technological advancements such as use of computer assisted welding techniques and welding robots are changing modern day welding landscape. These developments are expected to spur growth in the global market.
“End users across industries are partnering with key companies to experiment and obtain product that best suits their requirements. Companies are focusing on improving product lines to cater different types of welding technologies and therefore different applications and end use industries.,” said a lead analyst at FMI.
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FMI’s report on the market provides a comprehensive overview, addressing key market dynamics. Some of the takeaways from the report are as follows:
COVID-19 Impact on Welding Consumables Market
COVID-19 pandemic has brought several sectors to a screeching halt and impacted the world economy considerably. Production activities has been reduced since the enactment of nationwide lockdown and temporary suspension of non-essentials manufacturing facilities in worst hit countries across the world.
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Some of the facilities are however now operating at about 50% of the capacity which has led to a slump in demand for welding consumables. However, as the regulations alleviates and fabrication activities gradually begin, the welding consumables market is anticipated to exhibit a steady expansion during the assessment period.
Competitive Landscape
Global welding consumables market is comparatively fragmented. The leading companies are accounting for about one-third of the overall market share. Rising number of regional manufacturers offering economical solutions will might intensify competition in the market. Players are investing in product innovation and merger and acquisition which is allowing them to not only expand their offerings but also to fortify their market position. Case in point
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Major companies identified in the global market include Colfax Corporation, Voestalpine AG, Kobe Steel Limited, Illinois Tool Works Inc, Linde Plc, Taiyo Nippon Sanso Corporation, Air Liquide S.A., Air Products and Chemicals Inc., MESSER Group GmbH, Hyundai Welding Co Ltd., EWM AG, Ador Welding Limited, WB Alloy Welding Products Limited, FSH Welding Group, GCE Group and Industrial Welding Corporation.
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The article discusses the growth and future valuation of the global welding consumables market.
The market is expected to grow at a CAGR of 5.7%, reaching $26.83 billion by 2030.
Growth is driven by global steel consumption and advancements in welding technology.
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