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Published Date: 2016-03-01Number of Pages: 89

Welding Consumables (Stick Electrodes, Solid Wires, Flux-cored Wires, SAW Wires & Fluxes, and Others) Market for Automobile & Transportation, Building & Construction, Marine, Power, Oil & Gas, and Other End-users - U.S. Industry Analysis, Size, Share, Growth, Trends and Forecast, 2015 - 2023

Welding consumables are filler materials that are used to fuse metal and thermoplastic components. Metals, metal alloys, and minerals are employed as raw materials in the manufacture of welding consumables. These consumables are incorporated on the base metal or thermoplastic surface by use of a heat or pressure source during the welding process. Stick electrodes, metal rods, solid wires, flux-cored wires, shielding gases, and SAW wires and fluxes are the commonly available welding consumables in the U.S. These consumables are used depending on the type of welding technology. Shielded metal arc welding (SMAW), flux-cored arc welding (FCAW), gas metal arc welding (GMAW), submerged arc welding (SAW) and gas tungsten arc welding (GTAW) are the key welding technologies. Flux-cored wires are the preferred consumables employed in FCAW, while others such as solid wires and metal rods are employed in GMAW applications. Welding consumables are primarily used in core end-user industries including building & construction, automobile & transportation, marine, power sector, and oil & gas. Industrial repair & maintenance and aerospace are some of the other end-users of the welding consumables market in the U.S.

Demand for welding consumables in the U.S. has been driven by the building & construction industry since the past few years. This trend is anticipated to continue in the near future, owing to the revival of building & construction industry in the country (post the 2008 financial crisis). Increase in consumption of steel as a sustainable material for construction of green buildings is estimated to be the primary factor driving industrial growth. This, in turn, is likely to propel the demand for welding consumables in the U.S. during the forecast period. Automobile & transportation and power sector are another major end-users of welding consumables that are expected to augment the welding consumables market in the U.S. during the forecast period.

Flux-cored wires was the largest product segment of the welding consumables market in the U.S. in 2014, due to key factors such as high deposition rates, capacity to withstand varying atmospheric conditions, and strong weld ability. This product segment constituted more than 30% share of the welding consumables market in the country in 2014. Furthermore, the flux-cored wires segment is projected to witness the fastest growth by 2023, led by its performance enhancing attributes vis-à-vis other product segments.

In terms of volume, building & construction held more than 20% share of the welding consumables market in the country in 2014. Welding consumables are extensively used for fabrication of infrastructure components for various constructions such as bridges, railways, tunnels, residential buildings, and commercial complexes. Automobile & transportation accounted for significant share of the total welding consumables market in the U.S. in 2014. However, others segment which includes end-users such as repair & maintenance and aerospace is anticipated to provide lucrative market opportunities for welding consumables in the country during the forecast period. The others segment is likely to witness the fastest growth due to significant requirements of welding consumables for repairing industrial pipelines, transmission lines, power utility components, storage vessels, and ship hulls.

The value chain depicts high degree of forward integration in the welding consumables market in the U.S. The Lincoln Electric Company, The Linde Group, voestalpine Böhler Welding GmbH, ESAB, Illinois Tool Works Inc., Hyundai Welding Co., Ltd., Kobe Steel, Ltd., and Air Liquide S.A. are some of the key players operating in the welding consumables market in the U.S.

 

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Chapter 1 Preface

  • Report Description
  • Research Scope
  • Assumptions
  • Market Segmentation
  • Research Methodology

Chapter 2 Executive Summary

  • U.S. Welding Consumables Market, Volume and Revenue, (Kilo Tons) (US$ Mn), 2014 - 2023
  • Welding Consumables: Market Snapshot 

Chapter 3 Welding Consumables Market – U.S. Industry Analysis

  • Introduction
  • Value Chain Analysis
  • Market Drivers

               Driver 1 – Rise in Steel Consumption Coupled with Revival of Construction Industry to Boost Welding Consumables Market Demand
              Driver 2 – Expansion of U.S. Phosphate Fertilizers Market Likely to Propel Market Growth of Welding Consumables

  • Restraint

              Restraint 1 – Volatility in Prices of Raw Materials to Hamper Growth of Welding Consumables Market Growth

  • Opportunity
  • Porter’s Five Forces Analysis

              Bargaining Power of Suppliers
              Bargaining Power of Buyers
              Threat of New Entrants
              Threat of Substitutes
              Degree of Competition

  • Welding Consumables: Market Attractiveness Analysis

              Market Attractiveness Analysis by End-user

  • Company Market Share – U.S. Welding Consumables Market (%) (2014)

Chapter 4 Market Segmentation – Product Segment Analysis

  • U.S. Welding Consumables Market: Product Segment Overview

              U.S. Stick Electrodes Market, Volume and Revenue, (Kilo Tons) (US$ Mn), 2014–2023
              U.S. Solid Wires Market, Volume & Revenue, (Kilo Tons) (US$ Mn), 2014–2023
              U.S. Flux-cored Wires Market, Volume & Revenue, 2014 – 2023, (Kilo Tons) (US$ Mn), 2014–2023
              U.S. SAW Wires and Fluxes Market, Volume & Revenue, 2014 – 2023, (Kilo Tons) (US$ Mn), 2014–2023
              U.S. Other Welding Consumables Market, Volume and Revenue, (Kilo Tons) (US$ Mn), 2014–2023

Chapter 5 Market Segmentation – End-user Analysis

  • U.S. Welding Consumables Market: End-user Overview

              U.S. Welding Consumables Market for Automobile & Transportation, Volume and Revenue (Kilo Tons) (US$ Mn), 2014–2023
              U.S. Welding Consumables Market for Building & Construction, Volume and Revenue (Kilo Tons) (US$ Mn), 2014–2023
              U.S. Welding Consumables Market for Marine, Volume and Revenue (Kilo Tons) (US$ Mn), 2014–2023
              U.S. Welding Consumables Market for Power, Volume and Revenue (Kilo Tons) (US$ Mn), 2014–2023
              U.S. Welding Consumables Market for Oil & Gas, Volume and Revenue (Kilo Tons) (US$ Mn), 2014–2023
              U.S. Welding Consumables Market for Other End-users, Volume and Revenue (Kilo Tons) (US$ Mn), 2014–2023

Chapter 6 Company Profiles

  • Air Liquide S.A.
  • ESAB
  • Hilarius Haarlem Holland B.V. (HILCO)
  • Hyundai Welding Co., Ltd.
  • Illinois Tool Works Inc.
  • Kiswel Inc.
  • Kobe Steel, Ltd.
  • The Lincoln Electric Company
  • The Linde Group
  • voestalpine Böhler Welding GmbH
  • Welding Alloys Group

Chapter 7 Primary Research – Key Findings

Chapter 8 List of Key Customers

Welding consumables are materials such as metals, alloys, and minerals that are used for amalgamation of metal and thermoplastic components. Commonly used welding consumables for different welding processes in the U.S. include stick electrodes, flux-cored wires, solid wires, SAW wires and fluxes, and various shielding gases and rods. Flux-cored wires are used for shielded metal arc welding (SMAW) and flux-cored arc welding (FCAW) applications in various end-user industries. Welding consumables are primarily employed in building & construction, automobile & transportation, power, oil & gas, and marine industries. The bargaining power of buyers of welding consumables is estimated to be hampered, due to high degree of forward integration of manufacturers in the value chain.

This report provides detailed analysis and forecast of the welding consumables market in the U.S. from 2015 to 2023. On the country level, the market has been segmented based on volume (kilo tons) and revenue (US$ Mn) between 2015 and 2023. Demand for welding consumables has been forecast in terms of volume (kilo tons) and revenue (US$ Mn) between 2015 and 2023 to provide in-depth understanding of the market at the country level. The report includes drivers and restraints along with their impact on the market growth during the forecast period. Furthermore, the study encompasses various opportunities for growth of the market at the country level.

The report thoroughly evaluates the value chain to provide comprehensive understanding of the welding consumables market. Additionally, it covers Porter’s Five Forces Model, which offers an understanding of the market competitiveness. The study also contains market attractiveness analysis, wherein various end-user industries are benchmarked based on their market size, growth rate, and general attractiveness.

We conducted in-depth interviews and discussions with numerous key industry participants and opinion leaders for the research report. Primary research represents the bulk of our research efforts coupled with extensive secondary research. We reviewed key players’ annual reports, product portfolio, press releases, and relevant documents for competitive analysis and better understanding of the market. Secondary research includes in-depth research on current trends, technical writing, recent trade, Internet sources, trade associations, and statistical data from government websites as well as associated and authorized agency websites. This proved to be the most successful, effective, and reliable approach for obtaining relevant data, capturing industry participants’ insights, and identifying opportunities and growth.

The report provides the size of the welding consumables market for 2014 and forecast for the next eight years. The size of the welding consumables market in the U.S. has been presented in terms of volume (kilo tons) and revenue (US$ Mn). Various key products and end-user industries have been taken into consideration to estimate market numbers. Market size and forecast for each segment have been provided in the context of the market in the U.S. Each product and end-user segment has been analyzed and forecast based on volume (kilo tons) and revenue (US$ Mn) from 2015 to 2023.

The report includes profiles of leading manufacturers operating in the welding consumables market in the U.S. such as The Lincoln Electric Company, Air Liquide S.A., The Linde Group, voestalpine Böhler Welding GmbH, ESAB, Illinois Tool Works Inc., Hyundai Welding Co., Ltd., Kobe Steel, Ltd., Welding Alloys Group, Kiswel Inc., and Hilarius Haarlem Holland B.V. (HILCO).

The report segments the welding consumables market in the U.S. as follows:

Welding Consumables Market - Product Analysis

  • Stick electrodes
  • Solid wires
  • Flux-cored wires
  • SAW wires and fluxes
  • Others (including rods, etc.) 

Welding Consumables Market - End-user Analysis

  • Automobile & transportation
  • Building & construction
  • Marine
  • Power
  • Oil & gas
  • Others (including repair & maintenance, etc.)


 
 
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