세계의 용접 재료 시장 예측(-2030년) : 유형, 기술, 최종 사용자 및 지역별 분석

According to Stratistics MRC, the Global Welding Materials Market is accounted for $26.25 billion in 2023 and is expected to reach $41.60 billion by 2030 growing at a CAGR of 6.8% during the forecast period. The cloth or woven fabric created by spinning unprocessed fibres into extensive, twisted lengths is referred to as welding materials. It may also be described as any product made of woven fibres, such as carpet, clothing, and others. It is widely used in a variety of sectors, including the automotive and transportation industries. Any building project requires welding as a crucial component ranging from aluminium railings used in commercial or residential construction to steel beams used in bridges and structures. In addition every step of industrial manufacture, including the fabrication of items from raw materials like steel or aluminium alloys and their assembly, involves welding.

According to the India Brand Equity Foundation (IBEF), leading domestic firms in the technology, manufacturing, and construction industries are investing outside of India, which will fuel market growth in the future.

Market Dynamics:

Driver:

Employment of smart materials in the welding industry

Materials that are "smart" and eco-friendly are becoming more popular on the market. The ability to mix two different metals without affecting their strength, corrosion resistance, or other performance attributes is made possible by advances in our knowledge of how materials behave at the atomic level. The smart material also has a built-in computer chip that tracks weld life and offers a multifunctional design. Additionally, using such materials minimises pre- and post-heating procedures and energy consumption. By using such technologies, manufacturers, product designers, and welders may enhance the whole manufacturing cycle. As a result, the growing need for smart resources is also boosting the global market for welding consumables.

Restraint:

The effects of welding materials on the environment

The manufacturing processes used in the automotive, aerospace, transportation, and construction sectors all depend on shielding gases like argon and carbon dioxide. When welding, which mostly uses shielding gases like carbon dioxide and argon as welding materials, a significant amount of greenhouse gases are produced. Many end-use industries, including the automotive, building & construction, and power & energy sectors, require shielding gases in the welding process. As a result, the environment is significantly impacted by the welding process' release of greenhouse gases. The majority of emissions are produced by the cryogenic process that is used to liquefy carbon dioxide and argon, which uses a lot of power. Due to the requirement to cool argon gas to extremely low temperatures during manufacture, it takes twice as much as energy and generates more emissions than liquefying carbon dioxide.

Opportunity:

Numerous uses for welding technology in automotive industry

One of the most fundamental and flexible techniques to manufacture metals, welding has advanced tremendously in recent years. It is also a common technique for producing metal in a number of industries. The use of welding fabrication in recent years has increased steadily in the automobile industry's manufacturing processes. Automotive manufacturers are gravitating towards welding processes because of the strong connections, more flexible and pliable structure, and significant improvement in the structural integrity of the welded frames. The well-known international automakers are investing in order to create and begin operations from welding shops built in diverse places.

Threat:

Variability in raw material prices

Unpredictability in raw material prices is a major problem that is limiting the industry's expansion. These consumables are produced using a range of different raw materials, including steel, aluminium, graphite, and iron. In addition, shifting trade regulations, unbalanced supply and demand dynamics, erratic foreign exchange rates, and increased geopolitical risks are all factors influencing price variations for these resources. This has a detrimental impact on manufacturers and raises the cost of producing consumables, pushing them to reduce profit margins in order to compete on the global market. In addition, the lack of qualified welders is causing a rise in workplace accidents, which is restricting the industry's growth.

COVID-19 Impact:

The COVID-19 outbreak had a significant influence on the welding materials market. As the governments of some nations enforced stringent lockdowns to restrict the virus's spread in the early stages of the pandemic, industries in those nations were ordered to shut down. Manufacturers of welding materials were permitted to continue manufacturing operations when the lockdown was ended and the limitations were relaxed, but only in a limited capacity and with a number of restrictions. The market for welding materials suffered as a result of COVID-19's detrimental effects on the car sector. The suspension of Chinese part shipments, the closure of US assembly factories, and widespread industrial halts in Europe all had significant effects on the sector.

The arc welding segment is expected to be the largest during the forecast period

The arc welding segment is estimated to have a lucrative growth, due to clear benefits to a variety of end-use industries is that it makes welding applications more viable in the automotive, heavy engineering, and industrial sectors as a whole. One of the important reasons propelling the sales of welding consumables throughout the forecast period is the prevalence of robotic arc welding in manufacturing facilities and other sectors. Through these welds, the new procedures will make it possible to create structures that are safer, lighter, more environmentally friendly, and stronger.

The automotive & transportation segment is expected to have the highest CAGR during the forecast period

The automotive & transportation segment is anticipated to witness the highest CAGR growth during the forecast period, due to the increased use of robotic, automated welding, welding consumables the prominent providers of welding solutions provide their products. Additionally, evolution and industry 4.0 transition for automakers, significant changes to the collectively, production facilities are promoting the expansion of welding application throughout the automobile industry and increasing spending on both new and existing transportation initiatives, rising disposable income, and government initiatives to enhance connectivity.

Region with largest share:

Asia Pacific is projected to hold the largest market share during the forecast period owing to rapid industrialising and developing their infrastructure. The automotive and construction industries in this area are thriving, which has increased the need for welding supplies. Major companies in the welding materials market have also chosen Asia Pacific as the location of their production facilities due to the region's extensive industrial base and affordable labour costs. The Welding Materials market in China had the biggest market share, and the market in India had the quickest rate of growth in the Asia-Pacific region.

Region with highest CAGR:

Europe is projected to have the highest CAGR over the forecast period, owing to the cutting-edge technology and a significant focus on sustainability. In Europe, the welding materials are mostly consumed by the automobile and aerospace sectors. The demand for inventive welding materials has been further fuelled by the growing use of lightweight materials in these industries, such as aluminium and modern high-strength steel. The market for welding materials in Germany had the biggest market share, while the market for welding materials in the UK was expanding quickly in the European area.

Key players in the market:

Some of the key players profiled in the Welding Materials Market include: Air Liquide S.A., Air Products & Chemicals, Ador Welding Ltd, Colfax Corporation, Illinois Tool Works Inc, Linde PLC, Tianjin Bridge Welding Materials Group, Kobe Steel, Lincoln Electric Holdings, Hyundai Welding Co. Ltd, Precision Castparts Corp, Rolled Alloys, Advanced Technologies and Materials Co Ltd, Praxair Technology Inc, Gedik Welding, Taiyo Nippon Sanso Corporation and Fronius International GmbH

Key Developments:

In June 2020, Lincoln Electric introduced the all-new Excalibur 7018 XMR low-hydrogen stick electrode as part of the Excalibur SMAW (stick) electrode series. Excalibur 7018 XMR offers exceptional low moisture content even after 24 hours of exposure remaining below the moisture content limit for 15 hours more than required under the American Welding Society's AWS A5.1.

In 2019, Lincoln Electric agreed with Kaynak Teknigi Sanayi ve Ticaret A.S. Company to strengthen its current product portfolio and advance Lincoln Electric's regional growth strategy.

Types Covered:

• Accessories
• Electrodes & Filler Materials
• Fluxes & Wires
• Gases
• Other Types

Technologies Covered:

• Arc Welding
• Laser Beam Welding
• Oxy-Fuel Welding
• Resistance Welding
• Ultrasonic Welding
• Other Technologies

End Users Covered:

• Automotive & Transportation
• Building & Construction
• Heavy Industries
• Manufacturing
• Marine
• Oil & Gas
• Power
• Other End Users

Regions Covered:

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • Italy
  • France
  • Spain
  • Rest of Europe
• Asia Pacific
  • Japan
  • China
  • India
  • Australia
  • New Zealand
  • South Korea
  • Rest of Asia Pacific
• South America
  • Argentina
  • Brazil
  • Chile
  • Rest of South America
• Middle East & Africa
  • Saudi Arabia
  • UAE
  • Qatar
  • South Africa
  • Rest of Middle East & Africa

What our report offers:

• Market share assessments for the regional and country-level segments
• Strategic recommendations for the new entrants
• Covers Market data for the years 2021, 2022, 2023, 2026, and 2030
• Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
• Strategic recommendations in key business segments based on the market estimations
• Competitive landscaping mapping the key common trends
• Company profiling with detailed strategies, financials, and recent developments
• Supply chain trends mapping the latest technological advancements

Free Customization Offerings:

All the customers of this report will be entitled to receive one of the following free customization options:

• Company Profiling
  • Comprehensive profiling of additional market players (up to 3)
  • SWOT Analysis of key players (up to 3)
• Regional Segmentation
  • Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
  • Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances

Table of Contents

1 Executive Summary

2 Preface

• 2.1 Abstract
• 2.2 Stake Holders
• 2.3 Research Scope
• 2.4 Research Methodology
  • 2.4.1 Data Mining
  • 2.4.2 Data Analysis
  • 2.4.3 Data Validation
  • 2.4.4 Research Approach
• 2.5 Research Sources
  • 2.5.1 Primary Research Sources
  • 2.5.2 Secondary Research Sources
  • 2.5.3 Assumptions

3 Market Trend Analysis

• 3.1 Introduction
• 3.2 Drivers
• 3.3 Restraints
• 3.4 Opportunities
• 3.5 Threats
• 3.6 Technology Analysis
• 3.7 End User Analysis
• 3.8 Emerging Markets
• 3.9 Impact of Covid-19

4 Porters Five Force Analysis

• 4.1 Bargaining power of suppliers
• 4.2 Bargaining power of buyers
• 4.3 Threat of substitutes
• 4.4 Threat of new entrants
• 4.5 Competitive rivalry

5 Global Welding Materials Market, By Type

• 5.1 Introduction
• 5.2 Accessories
• 5.3 Electrodes & Filler Materials
• 5.4 Fluxes & Wires
• 5.5 Gases
• 5.6 Other Types

6 Global Welding Materials Market, By Technology

• 6.1 Introduction
• 6.2 Arc Welding
• 6.3 Laser Beam Welding
• 6.4 Oxy-Fuel Welding
• 6.5 Resistance Welding
• 6.6 Ultrasonic Welding
• 6.7 Other Technologies

7 Global Welding Materials Market, By End User

• 7.1 Introduction
• 7.2 Automotive & Transportation
• 7.3 Building & Construction
• 7.4 Heavy Industries
• 7.5 Manufacturing
• 7.6 Marine
• 7.7 Oil & Gas
• 7.8 Power
• 7.9 Other End Users

8 Global Welding Materials Market, By Geography

• 8.1 Introduction
• 8.2 North America
  • 8.2.1 US
  • 8.2.2 Canada
  • 8.2.3 Mexico
• 8.3 Europe
  • 8.3.1 Germany
  • 8.3.2 UK
  • 8.3.3 Italy
  • 8.3.4 France
  • 8.3.5 Spain
  • 8.3.6 Rest of Europe
• 8.4 Asia Pacific
  • 8.4.1 Japan
  • 8.4.2 China
  • 8.4.3 India
  • 8.4.4 Australia
  • 8.4.5 New Zealand
  • 8.4.6 South Korea
  • 8.4.7 Rest of Asia Pacific
• 8.5 South America
  • 8.5.1 Argentina
  • 8.5.2 Brazil
  • 8.5.3 Chile
  • 8.5.4 Rest of South America
• 8.6 Middle East & Africa
  • 8.6.1 Saudi Arabia
  • 8.6.2 UAE
  • 8.6.3 Qatar
  • 8.6.4 South Africa
  • 8.6.5 Rest of Middle East & Africa

9 Key Developments

• 9.1 Agreements, Partnerships, Collaborations and Joint Ventures
• 9.2 Acquisitions & Mergers
• 9.3 New Product Launch
• 9.4 Expansions
• 9.5 Other Key Strategies

10 Company Profiling

• 10.1 Air Liquide S.A.
• 10.2 Air Products & Chemicals
• 10.3 Ador Welding Ltd
• 10.4 Colfax Corporation
• 10.5 Illinois Tool Works Inc
• 10.6 Linde PLC
• 10.7 Tianjin Bridge Welding Materials Group
• 10.8 Kobe Steel
• 10.9 Lincoln Electric Holdings
• 10.10 Hyundai Welding Co. Ltd
• 10.11 Precision Castparts Corp
• 10.12 Rolled Alloys
• 10.13 Advanced Technologies and Materials Co Ltd
• 10.14 Praxair Technology Inc
• 10.15 Gedik Welding
• 10.16 Taiyo Nippon Sanso Corporation
• 10.17 Fronius International GmbH