니켈 합금 용접 재료 시장 규모, 점유율 및 성장 분석 : 제품 유형별, 기재 합금 유형별, 용접 공정별, 최종 이용 산업별 및 지역별 예측(2026-2033년)

Global Nickel Alloy Welding Consumables Market size was valued at USD 2.1 billion in 2024 and is poised to grow from USD 2.21 billion in 2025 to USD 3.31 billion by 2033, growing at a CAGR of 5.2% during the forecast period (2026-2033).

The global market for nickel alloy welding consumables is experiencing robust growth fueled by increasing demand across various sectors, including aerospace, oil and gas, power generation, chemical processing, and marine applications. The preference for nickel-based alloys is driven by their superior corrosion resistance, high-temperature strength, and durability, enhancing market share and long-term outlook. The oil and gas sector remains a primary consumer due to expanding offshore drilling and LNG infrastructure investments. Notably, the aerospace industry is witnessing the fastest demand surge, linked to the adoption of lightweight and heat-resistant materials in critical components. The Asia-Pacific region is a significant market driver, underpinned by strong manufacturing in key countries and rapid industrialization, while North America and Europe show steady growth through technological advancements and a shift towards high-performance alloys.

Top-down and bottom-up approaches were used to estimate and validate the size of the Global Nickel Alloy Welding Consumables market and to estimate the size of various other dependent submarkets. The research methodology used to estimate the market size includes the following details: The key players in the market were identified through secondary research, and their market shares in the respective regions were determined through primary and secondary research. This entire procedure includes the study of the annual and financial reports of the top market players and extensive interviews for key insights from industry leaders such as CEOs, VPs, directors, and marketing executives. All percentage shares split, and breakdowns were determined using secondary sources and verified through Primary sources. All possible parameters that affect the markets covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data.

Global Nickel Alloy Welding Consumables Market Segments Analysis

Global Nickel Alloy Welding Consumables Market is segmented by Product Type, Base Alloy Type, Welding Process, End-Use Industry and region. Based on Product Type, the market is segmented into Nickel Alloy Welding Electrodes, Nickel Alloy Welding Wires, Nickel Alloy Flux Cored Wires, Nickel Alloy Welding Rods and Nickel Alloy Powder Consumables. Based on Base Alloy Type, the market is segmented into Nickel-Chromium Alloys, Nickel-Molybdenum Alloys, Nickel-Iron Alloys, Nickel-Copper Alloys and Other Nickel-Based Alloys. Based on Welding Process, the market is segmented into Gas Metal Arc Welding (GMAW), Shielded Metal Arc Welding (SMAW), Gas Tungsten Arc Welding (GTAW), Submerged Arc Welding (SAW) and Laser/Plasma Welding. Based on End-Use Industry, the market is segmented into Oil & Gas, Power Generation, Chemical & Petrochemical, Aerospace & Defense and Automotive & Heavy Machinery. Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa.

Driver of the Global Nickel Alloy Welding Consumables Market

One of the key market drivers for the global nickel alloy welding consumables market is the growing demand for nickel alloys in various industries due to their exceptional corrosion resistance, high-temperature strength, and overall durability. Industries such as aerospace, energy, oil and gas, and marine are increasingly utilizing nickel alloys for critical components that must withstand harsh environments and operational stresses. As infrastructure projects expand and technology advances, the need for reliable welding consumables that ensure structural integrity and performance further propels market growth. This trend is spurred by ongoing innovations and heightened focus on quality and safety standards across sectors.

Restraints in the Global Nickel Alloy Welding Consumables Market

One of the key market restraints for the global nickel alloy welding consumables market is the fluctuating prices of raw materials used in manufacturing these consumables. Nickel prices, in particular, are subject to volatility due to economic factors, geopolitical tensions, and changes in global supply and demand dynamics. This unpredictability can significantly impact production costs, leading to higher prices for end-users and potentially reducing demand. Additionally, stringent regulatory measures regarding environmental sustainability and safety standards in the manufacturing process may also pose challenges, as companies must adapt to comply with these regulations while managing production costs effectively.

Market Trends of the Global Nickel Alloy Welding Consumables Market

The Global Nickel Alloy Welding Consumables market is experiencing notable growth driven by an uptick in energy and heavy-industry refurbishments. Key sectors such as refining, LNG infrastructure, chemical plants, and power plant maintenance are propelling the demand for nickel alloy consumables, favored for their exceptional corrosion resistance and performance in high-temperature applications. Additionally, the expanding offshore wind industry, along with advancements in subsea systems and cryogenic storage solutions, is further fueling the need for consumables that meet stringent requirements for low-temperature toughness and resistance to chloride-rich environments, positioning the market for sustained expansion and innovation.

Table of Contents

Introduction

• Objectives of the Study
• Market Definition & Scope

Research Methodology

• Research Process
• Secondary & Primary Data Methods
• Market Size Estimation Methods

Executive Summary

• Global Market Outlook
• Key Market Highlights
• Segmental Overview
• Competition Overview

Market Dynamics & Outlook

• Macro-Economic Indicators
• Drivers & Opportunities
• Restraints & Challenges
• Supply Side Trends
• Demand Side Trends
• Porters Analysis & Impact
  • Competitive Rivalry
  • Threat of Substitute
  • Bargaining Power of Buyers
  • Threat of New Entrants
  • Bargaining Power of Suppliers

Key Market Insights

• Key Success Factors
• Market Impacting Factors
• Top Investment Pockets
• Ecosystem Mapping
• Market Attractiveness Index, 2025
• PESTEL Analysis
• Value Chain Analysis
• Pricing Analysis
• Case Studies
• Regulatory Landscape
• Technology Assessment
• Technology Assessment
• Regulatory Landscape

Global Nickel Alloy Welding Consumables Market Size by Product Type & CAGR (2026-2033)

• Market Overview
• Nickel Alloy Welding Electrodes
• Nickel Alloy Welding Wires
• Nickel Alloy Flux Cored Wires
• Nickel Alloy Welding Rods
• Nickel Alloy Powder Consumables

Global Nickel Alloy Welding Consumables Market Size by Base Alloy Type & CAGR (2026-2033)

• Market Overview
• Nickel-Chromium Alloys
• Nickel-Molybdenum Alloys
• Nickel-Iron Alloys
• Nickel-Copper Alloys
• Other Nickel-Based Alloys

Global Nickel Alloy Welding Consumables Market Size by Welding Process & CAGR (2026-2033)

• Market Overview
• Gas Metal Arc Welding (GMAW)
• Shielded Metal Arc Welding (SMAW)
• Gas Tungsten Arc Welding (GTAW)
• Submerged Arc Welding (SAW)
• Laser/Plasma Welding

Global Nickel Alloy Welding Consumables Market Size by End-Use Industry & CAGR (2026-2033)

• Market Overview
• Oil & Gas
• Power Generation
• Chemical & Petrochemical
• Aerospace & Defense
• Automotive & Heavy Machinery

Global Nickel Alloy Welding Consumables Market Size & CAGR (2026-2033)

• North America (Product Type, Base Alloy Type, Welding Process, End-Use Industry)
  • US
  • Canada
• Europe (Product Type, Base Alloy Type, Welding Process, End-Use Industry)
  • Germany
  • Spain
  • France
  • UK
  • Italy
  • Rest of Europe
• Asia Pacific (Product Type, Base Alloy Type, Welding Process, End-Use Industry)
  • China
  • India
  • Japan
  • South Korea
  • Rest of Asia-Pacific
• Latin America (Product Type, Base Alloy Type, Welding Process, End-Use Industry)
  • Mexico
  • Brazil
  • Rest of Latin America
• Middle East & Africa (Product Type, Base Alloy Type, Welding Process, End-Use Industry)
  • GCC Countries
  • South Africa
  • Rest of Middle East & Africa

Competitive Intelligence

• Top 5 Player Comparison
• Market Positioning of Key Players, 2025
• Strategies Adopted by Key Market Players
• Recent Developments in the Market
• Company Market Share Analysis, 2025
• Company Profiles of All Key Players
  • Company Details
  • Product Portfolio Analysis
  • Company's Segmental Share Analysis
  • Revenue Y-O-Y Comparison (2023-2025)

Key Company Profiles

• Lincoln Electric
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• ESAB Corporation
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Voestalpine Bohler Welding
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Sandvik AB
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• ArcelorMittal
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Nippon Steel Welding Products
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Castolin Eutectic
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Kobelco Welding of America
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Forney Industries
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Praxair Surface Technologies
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Air Liquide Welding
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Alfa Welding Supply
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• AWS (American Welding Society) - Consumables Division
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• SFA (Stick Welding Alloys)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Thermadyne Holdings Corporation
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Hunan Sunshine Group
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Jinan Welding Materials Group
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• CLARCOR Industrial Air (Cummins Filtration)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Messer Group
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Air Products and Chemicals
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments

Conclusion & Recommendations