Market Overview:
The Asia Pacific welding consumables market size reached US$ 6.6 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 9.8 Billion by 2032, exhibiting a growth rate (CAGR) of 4.3% during 2024-2032.
Report Attribute
|
Key Statistics
|
Base Year
|
2023
|
Forecast Years
|
2024-2032
|
Historical Years
|
2018-2023
|
Market Size in 2023
|
US$ 6.6 Billion |
Market Forecast in 2032
|
US$ 9.8 Billion |
Market Growth Rate (2024-2032) |
4.3% |
Welding consumables refer to various flux and filler materials used for combining metals and thermoplastics in heavy industries. Stick electrodes, fluxes and solid, flux-cored and submerged arc welding (SAW) wires are some of the commonly used welding consumables. They are manufactured using steel, copper, rutile, ilmenite and aluminum. The flux prevents the formation of pores and acts as a deoxidizer, whereas the filler metals are melted and used for fixing the joints. As a result, welding consumables are widely used across the construction, energy, automobile and other large-scale industries.
Significant growth in the manufacturing industries, along with extensive infrastructural developments in the Asia Pacific region, is one of the key factors creating a positive outlook for the market. With rapid urbanization, governments of various countries in the region are emphasizing on the construction of sustainable residential and commercial complexes, which has led to the increasing demand for welding consumables. Additionally, automobile manufacturers are also using smooth weld shapes and flat toe angles in vehicles to achieve extended fatigue life on chassis components, thereby favoring the market growth. In line with this, welding consumables are used for joining materials of varying thicknesses and bridging gaps to reduce the vehicular weight and improve fuel efficiency. Other factors, including the development of semi-automatic and automatic welding production systems and their utilization in various small- and large-scale industrial sectors, are anticipated to drive the market further across the region.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the Asia Pacific welding consumables market report, along with forecasts at the regional and country level from 2024-2032. Our report has categorized the market based on product, welding technique, and end use industries.
Breakup by Product:
- Stick Electrodes
- Solid Wires
- Flux Cored Wires
- SAW Wires and Fluxes
- Others
Breakup by Welding Technique:
- Arc Welding
- Resistance Welding
- Oxyfuel Welding
- Ultrasonic Welding
- Others
Breakup by End Use Industries:
- Construction
- Automobile
- Energy
- Shipbuilding
- Aerospace
- Industrial Equipment
- Others
Breakup by Country:
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Others
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players.
Report Coverage:
Report Features |
Details |
Base Year of the Analysis |
2023 |
Historical Period |
2018-2023 |
Forecast Period |
2024-2032 |
Units |
US$ Billion |
Segment Coverage |
Product, Welding Technique, End Use Industries, Country |
Countries Covered |
China, Japan, India, South Korea, Australia, Indonesia, Others |
Customization Scope |
10% Free Customization |
Report Price and Purchase Option |
Single User License: US$ 3699
Five User License: US$ 4699
Corporate License: US$ 5699 |
Post-Sale Analyst Support |
10-12 Weeks |
Delivery Format |
PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |
Key Questions Answered in This Report:
- How has the Asia Pacific welding consumables market performed so far and how will it perform in the coming years?
- What has been the impact of COVID-19 on the Asia Pacific welding consumables market?
- What are the key regional markets?
- What is the breakup of the market based on the product?
- What is the breakup of the market based on the welding technique?
- What is the breakup of the market based on the end use industries?
- What are the various stages in the value chain of the industry?
- What are the key driving factors and challenges in the industry?
- What is the structure of the Asia Pacific welding consumables market and who are the key players?
- What is the degree of competition in the industry?