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Published Date: 2015-04-09Number of Pages: 87

Welding Consumables (Stick Electrode, Solid Wires, Flux-cored Wires, SAW Wires & Fluxes and Others) Market for Automobile & Transportation, Building & Construction, Marine, Power Sector, Oil & Gas, Wear Plate and Other Applications - India Industry Analysis, Size, Share, Growth, Trends and Forecast 2014 - 2020

Welding, a very effective and economical process, finds wide application in various industries such as automobiles, building & construction, pipelines, and oil & gas. The growth of the welding industry is highly dependent on the consumption of steel in various end-use industries. The welding industry comprises welding equipment, consumables and welding services. The welding consumables market accounts for a significant share in the welding industry compared to welding equipment and welding services. Electrodes and filler metals are the key consumables used in various welding processes. Some of the key product types of welding consumables include stick electrode, solid wires, flux-cored wires, SAW wires and fluxes among others.

 

Stick electrodes and solid wires are the key welding consumables produced by a majority of welding companies in India. Stick electrodes are designed for usage in mild and low alloy steel welding applications. They are preferred to other consumables due to their low cost and extensive applications in end-user industries. Stick electrodes dominated the Indian welding consumables market with more than 45% share in 2013. Most players are now expanding their product portfolio by adding different welding consumable products such as wires and fluxes in order to cater to the demand from several end-use industries. Flux-cored wires have advantages such as high deposition rate, clean and strong welds, and suitability for outdoor work. Hence, stick electrodes have begun to lose their share to other growing product types, for instance, solid wires, flux-cored wires, and SAW fluxes. 

 

Demand for welding consumables in India has been experiencing significant growth due to the constant technology advancements and substantial growth in the end-use industries. The key end-use industries driving the Indian welding consumables market include automobile, building & construction, and oil & gas. Welding technology is associated with almost every step of automobile manufacturing. Welding is used in the manufacture of automobile parts such as engines, transmission components and fuel injectors. Automobile and transportation was the largest application sector of welding consumables with more than 25% share in 2013. Moreover, demand for welding consumables is likely to rise during the forecast period due to increasing investments in the oil & gas industry. However, factors such as unavailability of raw materials, and growing competition from other Asian countries, specifically South Korea, may hamper the growth of this industry.

 

The Indian welding industry comprises various large, medium, and small-scale companies. Some international players in the Indian welding consumables industry include ESAB, Lincoln Electric, and Voestalpine A G (Bohler Welding Group India Pvt Ltd.). These companies have been facing intense competition from India-based players such as Ador Welding Limited, D&H Sécheron, Honavar Electrodes, and D & H Welding Electrodes Ltd. Along with these players, the Indian welding consumables industry comprises a large number of small, unorganized players. The key market players have developed their own distribution networks, as distribution is a critical success factor in this industry. For instance, ESAB, Voestalpine, and Lincoln Electric have a network of independent distributors and wholly owned subsidiaries to supply finished consumables to end-users in the country.

 

 

 

Chapter 1 Preface

1.1 Report Description

1.2 Market Segmentation

1.3 Research Scope

     1.3.1 Assumptions

1.4 Research Methodology

 

Chapter 2 Executive Summary

2.1 India Welding Consumables Market, 2013 – 2020 (Kilo Tons) (INR Mn)

2.2 India Welding Consumables Market, Snapshot (2013 and 2020)

 

Chapter 3 Industry Analysis – India Welding Consumables Market

3.1 Introduction

3.2 Value Chain Analysis

3.3 Market Drivers

     3.3.1 Growing Consumption of Steel in Different End-use Industries

     3.3.2 Growth in Indian Oil & Gas Sector and Offshore Activities

3.4 Market Restraints

     3.4.1 Supply of Raw Materials, Foreign Competition, and Shortage of Skilled Labor May Pose Challenges for Indian Manufacturers

3.5 Opportunities

     3.5.1 Power Sector in India is Expected to Create Opportunities for Welding Consumables Market

3.6 Porter’s Five Forces Analysis

     3.6.1 Bargaining Power of Suppliers

     3.6.2 Bargaining Power of Buyers

     3.6.3 Threat from New Entrants

     3.6.4 Threat from Substitutes

     3.6.5 Degree of Competition

3.7 Welding Consumables Market: Market Attractiveness Analysis

3.8 Welding Consumables Market: Company Market Share Analysis

 

Chapter 4 Welding Consumables Market – India Product Segment Analysis

4.1 Welding Consumables Market – India Product Segment Overview

     4.1.1 India Welding Consumables Market Volume Share, by Product Segment, 2013 and 2020

4.2 Stick Electrodes

     4.2.1 India Stick Electrodes Market, 2013 – 2020 (Kilo Tons) (INR Mn)

4.3 Solid Wires

     4.3.1 India Solid Wires Market, 2013 – 2020 (Kilo Tons) (INR Mn)

4.4 Flux Cored Wires

     4.4.1 India Flux Cored Wires Market, 2013 – 2020 (Kilo Tons) (INR Mn)

4.5 SAW Wires and Fluxes

     4.5.1 India SAW Wires and Fluxes Market, 2013 – 2020 (Kilo Tons) (INR Mn)

4.6 Others (Rods, etc.)

     4.6.1 India Others (Rods, etc.) Market, 2013 – 2020 (Kilo Tons) (INR Mn)

 

Chapter 5 Welding Consumables Market – India Application Analysis

5.1 Welding Consumables Market – India Application Overview

     5.1.1 India Welding Consumables Market Volume Share by Application, 2013 and 2020

5.2 Automobile &Transportation

     5.2.1 India Welding Consumables Market for Automobile & Transportation, 2013 – 2020 (Kilo Tons) (INR Mn)

5.3 Building & Construction

     5.3.1 India Welding Consumables Market for Building & Construction, 2013 – 2020 (Kilo Tons) (INR Mn)

5.4 Marine Application

     5.4.1 India Welding Consumables Market for Marine Application, 2013 – 2020 (Kilo Tons) (INR Mn)

5.5 Power Sector

     5.5.1 India Welding Consumables Market for Power Sector, 2013 – 2020 (Kilo Tons) (INR Mn)

5.6 Oil and Gas

     5.6.1 India Welding Consumables Market for Oil & Gas, 2013 – 2020 (Kilo Tons) (INR Mn)

5.7 Wear Plate

     5.7.1 India Welding Consumables Market for Wear Plate, 2013 – 2020 (Kilo Tons) (INR Mn)

5.8 Others (Repair and Maintenance, Pipeline, etc.)

     5.8.1 India Welding Consumables Market for Other Applications, 2013 – 2020 (Kilo Tons) (INR Mn)

 

Chapter 6 Welding Consumables Market – India Raw Material Analysis

6.1 Metal & Ferro Alloys Market, 2014 – 2020 (Kilo tons) (INR Million)

     6.1.1 Indian Metal & Ferro Alloys Market for Welding Consumables, 2014 – 2020 (Kilo Tons) (INR Million)

6.2 Price Trend Analysis

     6.2.1 Ferro Manganese

     6.2.2 Ferro Chrome

     6.2.3 Ferro Silicon

     6.2.4 Copper

     6.2.5 Aluminium

 

Chapter 7 Company Profiles

7.1 Welding Consumables Manufacturers

     7.1.1 Ador Welding Limited

     7.1.2 D & H India Limited

     7.1.3 ESAB India Limited

     7.1.4 Eureka Systems And Electrodes Private Ltd.

     7.1.5 Mailam India Limited

     7.1.6 Lincoln Electric Company India

     7.1.7 Bohler Welding Group India Pvt Ltd (Voestalpine Böhler)

     7.1.8 Honavar Electrodes Private Limited

     7.1.9 D&H Sécheron Electrodes Pvt. Ltd.

7.2 Raw Material Manufacturers

     7.2.1 Jayesh Group

     7.2.2 Shree Bajrang Sales (P) Ltd

     7.2.3 Kamman Group

     7.2.4 Vyankatesh Metals & Alloys Pvt Ltd

     7.2.5 Tata Steel Ltd Ferro Alloys and Mineral Division)

     7.2.6 Ferro Alloys Corporation Limited (FACOR)

     7.2.7 Indian Metals and Ferro Alloy Limited (IMFA)

List of Figures 

 

FIG. 1 India Welding Consumables: Market Segmentation

FIG. 2 India Welding Consumables Market, 2013 – 2020 (Kilo Tons) (INR Mn)

FIG. 3 India Welding Consumables Market - Value Chain Analysis

FIG. 4 India Steel Consumption, 2007 − 2013 (Mn Tons)

FIG. 5 India Welding Consumables Market: Porter’s Five Forces Analysis

FIG. 6 Welding Consumables Market: Market Attractiveness

FIG. 7 Welding Consumables Market: Company Market Share Analysis

FIG. 8 India Welding Consumables Market Volume Share, by Product, 2013 and 2020

FIG. 9 India Stick Electrodes Market, 2013 – 2020 (Kilo Tons) (INR Mn)

FIG. 10 India Solid Wires Market, 2013 – 2020 (Kilo Tons) (INR Mn)

FIG. 11 India Flux Cored Wires Market, 2013 – 2020 (Kilo Tons) (INR Mn)

FIG. 12 India SAW Wires and Fluxes Market, 2013 – 2020 (Kilo Tons) (INR Mn)

FIG. 13 India Others (Rods, etc) Market, 2013 – 2020 (Kilo Tons) (INR Mn)

FIG. 14 India Welding Consumables Market Volume Share, by Application, 2013 and 2020

FIG. 15 India Welding Consumables Market for Automobile & Transportation, 2013 – 2020 (Kilo Tons) (INR Mn)

FIG. 16 India Welding Consumables Market for Building & Construction, 2013 – 2020 (Kilo Tons) (INR Mn)

FIG. 17 India Welding Consumables Market for Marine Application, 2013 – 2020 (Kilo Tons) (INR Mn)

FIG. 18 India Welding Consumables Market for Power Sector Application, 2013 – 2020 (Kilo Tons) (INR Mn)

FIG. 19 India Welding Consumables Market for Oil & Gas, 2013 – 2020 (Kilo Tons) (INR Mn)

FIG. 20 India Welding Consumables Market for Wear Plate, 2013 – 2020 (Kilo Tons) (INR Mn)

FIG. 21 India Welding Consumables Market for Other Applications, 2013 – 2020 (Kilo Tons) (INR Mn)

FIG. 22 Indian Metal & Ferro Alloys Market for Welding Consumables, 2014 – 2020 (Kilo Tons) (INR Million)

FIG. 23 Ferro Manganese Prices (INR/Kilo) 2011 - 2015

FIG. 24 Ferro Chrome Prices (INR/Kilo) 2011 - 2015

FIG. 25 Ferro Silicon Prices (INR/Kilo) 2011 - 2015

FIG. 26 Copper Prices (INR/Kilo) 2011 - 2015

FIG. 27 Aluminium Prices (INR/Kilo) 2011 - 2015

List of Tables

 

TABLE 1 India Welding Consumables Market, Snapshot (2013 And 2020) 

TABLE 2 India Welding Consumables Market Drivers: Impact Analysis 

TABLE 3 Indian Welding Consumables Market Restraints: Impact Analysis 

The report on the India welding consumables market provides a comprehensive explanation of the market through multiple analyses, measurements, and forecasts. Core figures of the India welding consumables market are provided in kilo tons for volume and INR mn for value and revenue.

The report employs means that track the macro as well as micro changes that have occurred in the India welding consumables market so far. The report aims to present a clearer picture of the India welding consumables market’s competitive landscape in order for the report’s user to be fully informed before making a strategic maneuver.

The research methodologies used to evaluate the India welding consumables market are both primary and secondary, with the former taking up the bulk of the overall research efforts, while still keeping the latter as extensive as possible. The report takes into account multiple product literatures obtained from key players, along with other sources of information such as press releases, annual company reports, and other crucial documents that help understand the market better. Secondary research patterns include data derived from governmental statistical sources, Internet data, and recent trade activities and their role in the bigger picture of the India welding consumables market.

Some of the major sources utilized to compile the research report on the India welding consumables market are documents released by the International Aluminum Institute, Steel Manufacturers Association, Welding Design & Fabrication, The Indian Ferro Allow Producers Association, and the Department of Scientific and Industrial Research.

Overview of the India Welding Consumables Market 
The India welding consumables market is expected to exhibit a CAGR of 5.60% from 2014 to 2020. The market’s value as recorded in 2013 was INR30.8 bn. The overall value of the India welding consumables market is expected to reach INR45.3 bn by the end of 2020. By volume, the India welding consumables market stood at 255.1 kilo tons in 2013.

The India welding consumables market is segmented according to product type and application. Among product segments, the India welding consumables market in 2013 was dominated by welding stick electrodes. It held over 45.0% of the market in 2013. The report then explains how the demand for wires and fluxes is expected to increase in the near future due to the advantages that they possess.

The key driver of the India welding consumables market is expected to be the growth of its end-use industries, especially the building and construction industry. Other drivers include increasing investment in the oil and gas as well as energy sectors. The report also focuses on restraints on the India welding consumables market, such as volatility in raw material supply, advent of international competitors, and a lack of skilled labor.

Companies mentioned in the research report 

The India welding consumables market research report incorporates descriptive analyses of the key players in it, such as D&H Sécheron, D & H Welding Electrode Ltd, Honavar Electrode, Ador Welding Ltd., Voestalpine AG, Lincoln Electric Company, and ESAB.

The report also includes information on the key raw material suppliers in the India welding consumables market, such as Indian Metals & Ferro Alloy Ltd., Tata Steel Ltd, and Jayesh Group.

Key segments of the India Welding Consumables Market

  • Welding Consumables Market & India Product Segment Analysis

    • Stick electrodes
    • Solid wires
    • Flux-cored wires
    • SAW wires and fluxes
    • Others (Including gases, etc.)
  • Welding Consumables Market – India Application Analysis

    • Automobile & transportation
    • Building & construction
    • Marine
    • Power sector
    • Oil & gas
    • Wear plate
    • Others (Including repair and maintenance, etc.)

Major regions analyzed under this research report are: 

  • India

This report gives you access to decisive data such as:

  • Market growth drivers 
  • Factors limiting market growth
  • Current market trends 
  • Market structure
  • Market projections for the coming years 

Key highlights of this report

  • Overview of key market forces propelling and restraining market growth 
  • Up-to-date analyses of market trends and technological improvements 
  • Pin-point analyses of market competition dynamics to offer you a competitive edge
  • An analysis of strategies of major competitors 
  • An array of graphics and SWOT analysis of major industry segments 
  • Detailed analyses of industry trends
  • A well-defined technological growth map with an impact-analysis 
  • Offers a clear understanding of the competitive landscape and key product segments


 
 
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