용접 소모품 시장 : 시장 점유율 분석, 업계 동향 및 통계, 성장 예측(2026-2031년)

According to Mordor Intelligence, the welding consumables market size was valued at USD 16.79 billion in 2025 and is estimated to grow from USD 17.70 billion in 2026 to reach USD 23.08 billion by 2031, at a CAGR of 5.45% during the forecast period (2026-2031).

This report is Segmented by Product Type (Stick Electrodes, Welding Rods, and More), by Material Type (Steel, Aluminum, Nickel-Based, and Others), by Welding Technique (Arc Welding, Resistance Welding, and More), by End-Use Industry (Building & Construction, Oil & Gas, and More), and by Geography (North America, Europe, and More). The Report Offers Market Size and Value (USD) Forecasts for all the Above Segments.

Global Welding Consumables Market Trends and Insights

Infrastructure Build-Out Across Asia-Pacific Driving Steel Fabrication Demand

Asia-Pacific remains the largest market for welding consumables, supported by sustained investments in infrastructure, transportation, industrial facilities, and energy projects across China, India, and Japan. China is expected to consume approximately 892 million metric tons of finished steel in 2025, with demand driven by transportation infrastructure, energy projects, industrial upgrades, and advanced manufacturing. India's finished steel consumption is projected to increase by 9.8% in 2025, reaching 163.7 million metric tons in FY 2025-26, with construction and infrastructure accounting for 68% of domestic steel demand. The country's National Infrastructure Pipeline (NIP) includes 9,142 projects across 34 subsectors, supporting sustained demand for structural steel fabrication. Meanwhile, Japan continues to invest in transportation infrastructure, industrial modernization, offshore wind, and disaster-resilient construction, which supports demand for high-performance welding consumables used in heavy fabrication and high-quality structural applications. Across the Asia-Pacific region, these infrastructure and industrial investments are increasing the use of low-hydrogen electrodes, flux-cored wires, and submerged arc welding (SAW) consumables for thick-section structural welding. Stringent engineering specifications for bridges, railways, offshore structures, and industrial facilities continue to favor premium consumables over conventional grades.

Welding Automation Raising Premium Wire And Flux Demand

The American Welding Society projects a need for 320,500 additional welding professionals in the United States by 2029. The workforce totaled 771,000 workers, and more than 157,000 were at or near retirement age in 2025. This shortage encourages fabricators to use robotic MIG/MAG and flux-cored arc welding cells for repeatable joint designs. Automated cells require close control of wire diameter, arc stability, and spatter performance. The United States Department of Labor approved AWS's Welding Automation Specialist Apprenticeship in 2025, which supports training for deploying automated welding. HD Hyundai Heavy Industries is using rail-mounted welding robots in South Korean shipyards, where one operator can supervise up to 8 robots.

Raw-Material Price Volatility Raising Costs

Nickel and molybdenum are important alloying inputs for stainless, duplex, and nickel-based welding consumables. Their supply is geographically concentrated, which makes costs sensitive to policy changes, mine output, and downstream demand. Nickel traded near USD 14,000-15,500 per tonne for much of 2025 and reached USD 18,756 per ton on January 23, 2026. Grades such as 316L stainless and 2205 duplex carry higher alloy surcharges when ferro-molybdenum prices rise. Producers serving long-term supply contracts cannot always recover these increases through list-price changes. The welding consumables market, therefore, faces margin pressure when nickel and molybdenum costs rise together during periods of stronger stainless demand.

Other drivers and restraints analyzed in the detailed report include:

1. Offshore Wind Foundations Requiring High-Toughness Consumables
2. Lightweight Vehicles Increasing Aluminum Filler Metal Use
3. Fume-Emission Rules Raising Compliance Spending

For complete list of drivers and restraints, kindly check the Table Of Contents.

Segment Analysis

Stick electrodes accounted 34.20% of the welding consumables market in 2025, supported by their portability, modest equipment requirements, and broad approval under AWS A5.1 and ISO 2560. They remain widely used in field repair, pipe joining, and seismic-grade infrastructure projects where power or shielding gas may be unreliable. Their use in outdoor and remote work helps maintain a large installed base despite the faster adoption of wire-fed processes. Welding wires for GMAW and MIG applications held the second-largest volume, supported by automotive body joining and light structural fabrication. Submerged-arc wire-flux combinations have the highest revenue intensity per kilogram because they serve heavy-section offshore and pressure-vessel welding. The welding consumables market size for certified SAW sets benefits from the demanding requirements of thick, critical joints.

Flux-cored wires are the fastest-growing product type, registering a 8.20% CAGR, as robotic and semi-automatic cells replace manual SMAW on repetitive welds. Gas-shielded FCAW grades lead flux-cored volumes because they provide high deposition rates, all-position capability, and compatibility with arc-monitoring systems. Self-shielded variants remain useful for open-site construction and repair work where gas delivery is impractical. Connected welding platforms are also encouraging the use of traceable consumable lots. QR-coded wire reels can link a consumable batch to a weld record, which supports procurement requirements in nuclear and aerospace supply chains. This combination of automation, documentation, and stable feed performance supports higher-value flux-cored product lines within the welding consumables market.

Steel consumables accounted for 45.60% of the welding consumables market in 2025 because carbon steel, high-strength low-alloy steel, and stainless steel remain central to structural, vessel, and pipeline fabrication. The shift toward electric arc furnace steelmaking raises the importance of low-hydrogen grades for thick microalloyed steel sections. Tighter carbon equivalents can increase the risk of hydrogen-induced cracking when welding procedures are not controlled. Low-hydrogen electrodes and qualified wire formulations, therefore, remain important in green steel fabrication. Stainless fillers are governed by EN ISO 14343 and AWS A5.9, while nickel-alloy wires are covered by EN ISO 18274. These qualifications raise switching costs for established suppliers.

Aluminum products are the fastest-growing material category in the welding consumables market, registering a 9.50% CAGR, driven by EV battery enclosures and lightweight vehicle structures, which increase demand for qualified fillers. Laser welding with filler can help manage porosity and hot cracking in selected aluminum assemblies. Nickel-based products represent a smaller-volume category but have the highest unit value in oil- and gas-fired heat exchangers, nuclear steam generators, and aerospace combustion parts. Copper, titanium, and cobalt consumables are used in narrower applications, including electrical joining, aerospace structures, and hardfacing. These specialties are closely tied to capital projects and qualification requirements. The material mix supports a wide range of price points across the welding consumables industry.

Complete Report Scope:

• By Product Type
  • Stick Electrodes (SMAW)
  • Welding Rods (TIG)
  • Submerged Arc Welding (SAW) Flux & Wire Sets
  • Flux-Cored Wires
  • Welding Wires (GMAW/MIG/ Solid Wires)
  • Others (Oxy-fuel Welding Rods, Welding Powder, Shielding Gases, Tips, etc.)
• By Material Type
  • Steel Welding Consumables (carbon, Stainless)
  • Aluminum Welding Consumables
  • Nickel-Based Welding Consumables
  • Others (Copper, Titanium, Cobalt)
• By Welding Technique
  • Arc Welding (SMAW, MIG, TIG, SAW)
  • Resistance Welding (Spot, Seam)
  • Oxy-Fuel Welding
  • Others (Laser Welding, Electron Beam Welding)
• By End-Use Industry
  • Building & Construction
  • Automotive & Transportation
  • Shipbuilding & Offshore
  • Oil & Gas, Energy Infrastructure
  • Heavy Machinery & Industrial Equipment
  • Aerospace & Defense
  • Others (Railway, Consumer Goods)
• By Geography
  • North America
    • United States
    • Canada
    • Mexico
  • South America
    • Brazil
    • Argentina
    • Rest of South America
  • Europe
    • United Kingdom
    • Germany
    • France
    • Italy
    • Spain
    • BENELUX (Belgium, Netherlands, and Luxembourg)
    • NORDICS (Denmark, Finland, Iceland, Norway, and Sweden)
    • Rest of Europe
  • Asia-Pacific
    • China
    • India
    • Japan
    • Australia
    • South Korea
    • ASEAN (Indonesia, Thailand, Philippines, Malaysia, Vietnam)
    • Rest of Asia-Pacific
  • Middle East and Africa
    • Saudi Arabia
    • United Arab Emirates
    • Turkey
    • Egypt
    • South Africa
    • Rest of Middle East and Africa

Geography Analysis

Asia-Pacific accounted for 44.50% of the regional welding consumables market in 2025, led by China, India, Japan, and South Korea. India's steel demand grew 9.8% in 2025, while finished steel consumption reached 163.7 million tons in fiscal 2025-26. China commissioned 6.6 GW of the 9.3 GW of offshore wind capacity added globally in 2025. Japan and South Korea support premium shipbuilding products that meet KR, NK, and DNV approval requirements. Indonesia, Vietnam, Thailand, and the Philippines add demand through manufacturing and commercial construction. In January 2025, voestalpine Bohler Welding said it would expand its footprint in Indian manufacturing and application technology and add solid-wire capacity.

North America and Europe form the technology-focused portion of the welding consumables market. AWS workforce data indicates a large welding labor gap in North America, which is increasing the use of robotic and collaborative welding systems. Canada supports demand through pipelines and hydroelectric construction, while Mexico supplies automotive production linked to the United States. European fabricators face occupational exposure requirements that increase demand for certified low-fume products. Germany, the United Kingdom, and Italy concentrate on automotive, aerospace, and energy equipment fabrication. Nordic offshore wind and subsea pipeline activity supports low-temperature-impact-qualified consumables approved by DNV and Lloyd's Register.

The Middle East and Africa are the fastest-growing regions in the welding consumables market, registering a 7.80% CAGR, supported by manufacturing, infrastructure, and civil construction programs in the GCC. Deepwater projects in West Africa and the Gulf of Oman require high-nickel and corrosion-resistant products for subsea equipment. Turkey is a major regional supplier of coated electrodes to North Africa, Gulf markets, and sub-Saharan Africa. South America has steady investment-led demand from Brazil's offshore pre-salt work, hydroelectric construction, and automotive supply chain. Argentina and Peru support demand through mining equipment maintenance and pipeline fabrication. Imported premium products create an opportunity for suppliers that can offer AWS- or ISO-certified grades for public-sector procurement.

1. Lincoln Electric Holdings Inc.
2. ESAB Corporation
3. Illinois Tool Works Inc. (Miller Welding)
4. voestalpine Bohler Welding GmbH
5. Kobe Steel Ltd. (Kobelco Welding)
6. Hyundai Welding Co. Ltd.
7. Tianjin Bridge Welding Materials Group Co., Ltd.
8. Air Liquide S.A. (Welding Division)
9. Ador Welding Ltd.
10. Gedik Welding Inc.
11. Welding Alloys Group
12. Selectrode Industries Inc.
13. Sandvik Materials Technology (Alleima)
14. Panasonic Welding Systems
15. TASETO Co., Ltd.
16. Nippon Steel Welding & Engineering
17. Oerlikon (CD&R-owned)
18. Daihen Corporation
19. Great Welding Ltd.
20. Kiswel Co. Ltd.

Additional Benefits:

• The market estimate (ME) sheet in Excel format
• 3 months of analyst support

TABLE OF CONTENTS

1 Introduction

• 1.1 Study Assumptions & Market Definition
• 1.2 Scope of the Study

2 Research Methodology

3 Executive Summary

4 Market Landscape

• 4.1 Market Overview
• 4.2 Market Drivers
  • 4.2.1 Infrastructure Build-Out Driving Steel Fabrication Demand
  • 4.2.2 Welding Automation Raising Premium Wire And Flux Demand
  • 4.2.3 Offshore Wind Foundations Requiring High-Toughness Consumables
  • 4.2.4 Lightweight Vehicles Increasing Aluminum Filler Metal Use
  • 4.2.5 Green-Steel Mandates Supporting Low-Hydrogen Electrode Innovation
  • 4.2.6 High-Performance Alloy Demand in Aerospace and Oil and Gas
• 4.3 Market Restraints
  • 4.3.1 Raw-Material Price Volatility Raising Costs
  • 4.3.2 Fume-Emission Rules Raising Compliance Spending
  • 4.3.3 Solid-State Joining Reducing Consumable Intensity
  • 4.3.4 Near-Net Additive Parts Reducing Aerospace Welding Steps
• 4.4 Value / Supply-Chain Analysis
• 4.5 Technological Outlook
• 4.6 Regulatory Landscape
• 4.7 Welding Demand Landscape (2025-2031)
• 4.8 Impact of Geo-Political Events on the Market

5 Market Size & Growth Forecasts (Value, In USD Billion)

• 5.1 By Product Type
  • 5.1.1 Stick Electrodes (SMAW)
  • 5.1.2 Welding Rods (TIG)
  • 5.1.3 Submerged Arc Welding (SAW) Flux & Wire Sets
  • 5.1.4 Flux-Cored Wires
  • 5.1.5 Welding Wires (GMAW/MIG/ Solid Wires)
  • 5.1.6 Others (Oxy-fuel Welding Rods, Welding Powder, Shielding Gases, Tips, etc.)
• 5.2 By Material Type
  • 5.2.1 Steel Welding Consumables (carbon, Stainless)
  • 5.2.2 Aluminum Welding Consumables
  • 5.2.3 Nickel-Based Welding Consumables
  • 5.2.4 Others (Copper, Titanium, Cobalt)
• 5.3 By Welding Technique
  • 5.3.1 Arc Welding (SMAW, MIG, TIG, SAW)
  • 5.3.2 Resistance Welding (Spot, Seam)
  • 5.3.3 Oxy-Fuel Welding
  • 5.3.4 Others (Laser Welding, Electron Beam Welding)
• 5.4 By End-Use Industry
  • 5.4.1 Building & Construction
  • 5.4.2 Automotive & Transportation
  • 5.4.3 Shipbuilding & Offshore
  • 5.4.4 Oil & Gas, Energy Infrastructure
  • 5.4.5 Heavy Machinery & Industrial Equipment
  • 5.4.6 Aerospace & Defense
  • 5.4.7 Others (Railway, Consumer Goods)
• 5.5 By Geography
  • 5.5.1 North America
    • 5.5.1.1 United States
    • 5.5.1.2 Canada
    • 5.5.1.3 Mexico
  • 5.5.2 South America
    • 5.5.2.1 Brazil
    • 5.5.2.2 Argentina
    • 5.5.2.3 Rest of South America
  • 5.5.3 Europe
    • 5.5.3.1 United Kingdom
    • 5.5.3.2 Germany
    • 5.5.3.3 France
    • 5.5.3.4 Italy
    • 5.5.3.5 Spain
    • 5.5.3.6 BENELUX (Belgium, Netherlands, and Luxembourg)
    • 5.5.3.7 NORDICS (Denmark, Finland, Iceland, Norway, and Sweden)
    • 5.5.3.8 Rest of Europe
  • 5.5.4 Asia-Pacific
    • 5.5.4.1 China
    • 5.5.4.2 India
    • 5.5.4.3 Japan
    • 5.5.4.4 Australia
    • 5.5.4.5 South Korea
    • 5.5.4.6 ASEAN (Indonesia, Thailand, Philippines, Malaysia, Vietnam)
    • 5.5.4.7 Rest of Asia-Pacific
  • 5.5.5 Middle East and Africa
    • 5.5.5.1 Saudi Arabia
    • 5.5.5.2 United Arab Emirates
    • 5.5.5.3 Turkey
    • 5.5.5.4 Egypt
    • 5.5.5.5 South Africa
    • 5.5.5.6 Rest of Middle East and Africa

6 Competitive Landscape

• 6.1 Market Concentration
• 6.2 Strategic Moves
• 6.3 Market Share Analysis
• 6.4 Company Profiles (includes Global level Overview, Market level overview, Core Segments, Financials as available, Strategic Information, Products & Services, and Recent Developments)
  • 6.4.1 Lincoln Electric Holdings Inc.
  • 6.4.2 ESAB Corporation
  • 6.4.3 Illinois Tool Works Inc. (Miller Welding)
  • 6.4.4 voestalpine Bohler Welding GmbH
  • 6.4.5 Kobe Steel Ltd. (Kobelco Welding)
  • 6.4.6 Hyundai Welding Co. Ltd.
  • 6.4.7 Tianjin Bridge Welding Materials Group Co., Ltd.
  • 6.4.8 Air Liquide S.A. (Welding Division)
  • 6.4.9 Ador Welding Ltd.
  • 6.4.10 Gedik Welding Inc.
  • 6.4.11 Welding Alloys Group
  • 6.4.12 Selectrode Industries Inc.
  • 6.4.13 Sandvik Materials Technology (Alleima)
  • 6.4.14 Panasonic Welding Systems
  • 6.4.15 TASETO Co., Ltd.
  • 6.4.16 Nippon Steel Welding & Engineering
  • 6.4.17 Oerlikon (CD&R-owned)
  • 6.4.18 Daihen Corporation
  • 6.4.19 Great Welding Ltd.
  • 6.4.20 Kiswel Co. Ltd.

7 Market Opportunities & Future Outlook

• 7.1 White-space & Unmet-Need Assessment