India Welding Consumables Market Outlook 2031

  • The India welding consumables market was valued over US$ 612 Mn in 2020
  • It is estimated to expand at a CAGR of 5.8% from 2021 to 2031
  • The India welding consumables market is expected to cross the value of US$ 1.13 Bn by the end of 2031

Analysts’ Viewpoint on India Welding Consumables Market Scenario

Architecture, engineering, and construction (AEC) industry is creating stable revenue streams for companies in the India welding consumables market amid the ongoing COVID-19 pandemic. Even though flux-cored wires are linked with the occurrence of a melted contact tip if the electrode contacts the base metal, solid wire electrodes are found to be inefficient when wind blows. Hence, suppliers should increase awareness about the choice of welding wires according to the welding job and location. As such, both flux-cored wires and solid wires are relatively easy to use for thick metals and thin metals respectively. Small, light, and maneuverable gas cylinders are preferred by welders.

Leading-edge Welding Gas Cylinders Create Incremental Opportunities for Manufacturers

Welding gas innovations are creating revenue opportunities for manufacturers. Companies in the India welding consumables market are developing innovative gas cylinders for the growing production and safety demands in the welding industry. There is a high demand for lightweight and small size gas cylinders that deliver large volumes of gas in a safe and cost effective manner.

Companies in the India welding consumables market are boosting the production of high pressure gas cylinders engineered with invaluable features such as built-in regulator that help to optimize welding operations. The reduced risk of regulator damage is beneficial for welders, since the regulator is fully contained within a protective guard.

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All-women Crew in Automotive Industry Sparks Market Growth amid COVID-19

Companies in the India welding consumables market are focusing on positive or limited negative industries such as construction industry, oil & gas, and repair & maintenance industries to stay financially afloat during the COVID-19 pandemic. The automotive industry in India, one of the worst hit by the pandemic, is now found with a surge in business and manufacturing activities. The trend of an all-women crew in India’s automotive industry is significantly changing the market landscape.

Women-only teams are being employed with expertise in panel pressing of sheet metal, welding, and painting jobs. Such trends are translating into revenue opportunities for participants in the India welding consumables market.

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Labor Class in India Vital for Untapped Welding Business

The lack of skilled labor is affecting sales of welding consumables. Hence, apart from focusing on sales of welding consumables, stakeholders in the market should offer training to labor class in India. This strategy holds promising potentials, since a trained labor class can be employed in abundant numbers in critical industries such as transportation, automotive, and marine, among others.

It has been found that stick welding is relatively difficult to master than MIG (Metal Inert Gas) welding. Such findings are fueling the demand for skilled labor that can make use of welding consumables including stick electrodes and solid wires in an efficient way.

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Solid Wire V/S Flux-cored Wires: Which is Better?

Companies in the India welding consumables market are increasing manufacturing for gas-shielded and self-shielded flux-cored wire electrodes. Though flux-cored wire electrodes allow for high deposition rate, they are associated with many disadvantages. For instance, a melted contact tip may occur if the electrode contacts the base metal and fuses the two together.

Solid wire electrodes on the other hand are being manufactured by companies in the India welding consumables market, as they are found to be the best choice for working on thin materials including sheet metal. However, exposing the shielding gas to the wind can compromise the integrity of the weld. Hence, manufacturers and suppliers should increase awareness that the best choice for wire electrodes depends upon the welding job and location.

SAW Wires Ideal for Single Pass Welding of Mild Steel

Manufacturers in the India welding consumables market are increasing the availability of flux and wire combinations for single- and multiple-pass welding in automatic & semi-automatic applications. These wires are being developed with manganese alloying to provide superior crack resistance. Next-gen SAW (Submerged Arc Welding) wires provide excellent resistance to cracking in single pass applications. These wires are preferred for single pass welding of mild steel.

SAW wires are used for large fillets with constant current power sources. Different varieties of SAW wires include products that provide good deep groove slag removal. These wires serve as an excellent choice for single arc AC submerged arc welding.

India Welding Consumables Market: Overview

  • Welding is an economic and effective process that involves the joining of materials, generally thermoplastics or metals, through fusion. This technique is different from procedures such as soldering and brazing that do not make the base metal melt.
  • Welding is used in several industries such as oil & gas, pipelines, buildings & construction, and automobiles. The welding industry includes welding services, consumables, and welding equipment.
  • The welding consumables market holds significant share of the welding industry in comparison with welding services and welding equipment. Prime consumables used in several welding processes are filler metals and electrodes.
  • Some of the core welding consumables product types include fluxes, SAW wires, flux-cored wires, solid wires, and stick electrodes
  • Demand for welding consumables in India is likely to experience strong growth, owing to the incessant advancements in technology and significant expansion of end-use industries

Stick Electrodes Product Segment to Lead India Welding Consumables Market

  • Welding stick electrodes accounted for major share of 45% of the welding consumables market in India in 2020. Stick electrodes are principally used in labor-intensive welding and are inexpensive substitutes of different types of welding consumable products. Nevertheless, demand for fluxes and wires is predicted to rise considerably during the forecast period owing to their competent performance.
  • Features such as appropriateness for automatic welding systems and open-air work, higher efficiency, lower wastage, and wide use among diverse welding technologies are likely to lead to rise in preference for flux and solid cored wires
  • The SAW wires & fluxes segment is anticipated to exhibit moderate growth, holding more than 7% share of the welding consumables market in India by the end of 2031
  • Based on value, flux-core wires is estimated to be the leading segment of the welding consumables market in India in terms of growth during the forecast period

Automobile & Transportation to Emerge Major Application Segment of India Welding Consumables Market

  • Expansion of end-use industries such as building & construction and transportation is anticipated to be a significant factor that is expected to drive the welding consumables market in India in the near future
  • Additionally, rise in investments in sectors such as oil & gas and energy is expected to boost the welding consumables market in India
  • The automobile & transportation segment emerged as the leading end-user in terms of demand for welding consumables. It held more than 25% share in 2020.
  • Power is expected to be the leading segment in terms of rate of growth over the forecast period of 2021 to 2031. Other different applications such as marine and wear plates are projected to expand at a moderate pace over the next few years.

Key Players Operating in India Welding Consumables Market

  • Leading companies operating in the welding consumables market in India include
    • Voestalpine A G
    • Lincoln Electric
    • ESAB
    • Ador Welding Limited
    • Honavar Electrodes
    • D&H Sécheron
  • Large numbers of unorganized and small players operate in the welding consumables market in India

Recent Developments in India Welding Consumables Market

  • In June 2021, ESAB announced that it had introduced new series of B3 SC electrodes and fluxes for SMAW, GTAW, and SAW applications for 2.25% Cr 1% Mo alloyed steels, SA-387 Grade 22, A335 Grade P22, and similar materials. This was mainly done as part of the company’s plan to expand its line of filler metals for chrome-molybdenum welding in power generation, petrochemical, refinery, and pressure vessel applications.
  • In July 2021, ESAB announced that it had introduced Exaton 19.9.Nb HF, a 300 series austenitic steel SAW (submerged arc welding) wire with niobium and high ferrite content to further enhance weld deposit mechanical properties at elevated temperature

India Welding Consumables Market Snapshot

Attribute

Details

Market Size Value in 2020

US$ 612 Mn

Market Forecast Value in 2031

US$ 1.13 Bn

Growth Rate (CAGR)

5.8%

Forecast Period

2021-2031

Quantitative Units

US$ Mn for Value and Kilo Tons for Volume

Market Analysis

It includes segmental analysis at country level. Furthermore, qualitative analysis includes drivers, restraints, opportunities, key trends, Porter Five Forces analysis, supply chain analysis, and parent industry overview.

Competition Landscape

  • Market Share Analysis, by Company (2020)
  • Company Profiles section includes overview, product portfolio, sales footprint, key subsidiaries or distributors, strategy & recent developments, and key financials

Format

Electronic (PDF) + Excel

Market Segmentation

  • Product
  • Stick Electrodes
  • Solid Wires
  • Flux-cored Wires
  • SAW Wires & Fluxes
  • Others [including Gases]
  • Application
  • Automobile & Transportation
  • Building & Construction
  • Marine
  • Power
  • Oil & Gas
  • Wear Plates
  • Others [including Repair & Maintenance]

Key Countries Covered

  • India

Companies Profiled

  • Ador Welding Limited
  • D & H India Limited
  • ESAB India Limited
  • Eureka Systems And Electrodes Private Ltd.
  • Mailam India Limited
  • Lincoln Electric Company India
  • Bohler Welding Group India Pvt Ltd (Voestalpine Böhler)
  • Honavar Electrodes Private Limited
  • D&H Sécheron Electrodes Pvt. Ltd.

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India Welding Consumables Market – Scope of Report

Transparency Market Research’s recent report on the welding consumables market in India, with the help of a comprehensive outlook, provides readers with an assessment of the India market landscape. This study on the welding consumables market in India analyzes the market scenario for the period from 2020 to 2031, wherein 2020 is the base year. This report enables readers to make important decisions with regard to their business, with the help of a wealth of information enclosed in the study.

This TMR study on the welding consumables market in India also provides data on developments made by important players and stakeholders operating in the market, along with competition analysis. The report also provides an understanding of strengths, weaknesses, threats, and opportunities, along with market trends and restraints in the competition landscape section.

Key Questions Answered in India Welding Consumables Market Report

  • How much value does the welding consumables market in India is expected to reach by the end of the forecast period?
  • Which segment currently accounts for the maximum share of the welding consumables market in India?
  • What are the key factors expected to drive the welding consumables market in India?
  • How has the COVID-19 pandemic impacted the welding consumables market in India?
  • What are the essential strategies adopted by key players operating in the welding consumables market in India to expand their market share?
  • What are major advancements in the welding consumables market in India?

This report answers these questions about the welding consumables market in India, aiding major stakeholders and key players in making the right decisions and strategizing for growth of their business.

India Welding Consumables Market – Research Methodology

This TMR report on the welding consumables market in India is based on a complete and comprehensive evaluation of the market, backed by secondary and primary sources. The competition scenario of the welding consumables market in India is supported by an assessment of different factors that influence the market on a minute and granular level. By thoroughly analyzing the historical data and the current trends, researchers of the welding consumables market in India arrived at predictions and estimations, and calculated the market forecast.

This report uses an analytical triangulation method to estimate the numbers of the welding consumables market in India by using both bottom-up and top-down approaches.

This detailed assessment of the welding consumables market in India, along with an overview of the market is provided based on a careful examination of avenues related to the market. Analysts’ conclusions on how the welding consumables market in India is set to expand are based on carefully vetted primary and secondary sources.

India Welding Consumables Market – Segmentation

This report on the welding consumables market in India provides segmentation of the market based on product and application.

Product
  • Stick Electrodes
  • Solid Wires
  • Flux-cored Wires
  • SAW Wires & Fluxes
  • Others (including Gases)
Application
  • Automobile & Transportation
  • Building & Construction
  • Marine
  • Power
  • Oil & Gas
  • Wear Plates
  • Others (including Repair & Maintenance)

This study also discusses the underlying trends and the impact of various factors on the welding consumables market in India, along with their influence on evolution of the market.

This study also offers Porter’s Five Forces analysis, value chain analysis, and regulatory scenario of the welding consumables market in India in order to elaborate crucial growth strategies of and opportunities for players operating in the market.

1. Executive Summary: India Welding Consumables Market

2. Market Overview

    2.1. Market Segmentation

    2.2. Market Definitions

    2.3. Market Trends

    2.4. Market Dynamics

        2.4.1. Drivers

        2.4.2. Restraints

        2.4.3. Opportunities

    2.5. Porter’s Five Forces Analysis

    2.6. Value Chain Analysis

    2.7. Regulatory Landscape

3. COVID-19 Impact Analysis

4. Price Trend Analysis, 2020-2031

5. India Welding Consumables Market Analysis and Forecast, by Product

    5.1. Key Findings

    5.2. Market Definitions

    5.3. India Welding Consumables Market Volume (Kilo Tons) & Value (US$ Mn), by Product, 2020–2031

        5.3.1. Stick Electrodes

        5.3.2. Solid Wires

        5.3.3. Flux-cored Wires

        5.3.4. SAW Wires & Fluxes

        5.3.5. Others

    5.4. India Welding Consumables Market Attractiveness Analysis, by Product

6. India Welding Consumables Market Analysis and Forecast, by Application

    6.1. Key Findings

    6.2. Market Definitions

    6.3. India Welding Consumables Market Volume (Kilo Tons) & Value (US$ Mn), by Application, 2020–2031

        6.3.1. Automobile & Transportation

        6.3.2. Building & Construction

        6.3.3. Marine

        6.3.4. Power

        6.3.5. Oil & Gas

        6.3.6. Wear Plates

        6.3.7. Others

    6.4. India Welding Consumables Market Attractiveness Analysis, by Application

7. Competition Landscape

    7.1. Competition Matrix, by Key Players

    7.2. India Welding Consumables Market Share Analysis, by Company, 2020

    7.3. Footprint Analysis

    7.4. Company Profiles

        7.4.1. Ador Welding Limited

            7.4.1.1. Headquarters, Year of Establishment, Revenue, Key Management, Number of Employees

            7.4.1.2. Business Segments

            7.4.1.3. Financial Overview

            7.4.1.4. Strategic Overview

        7.4.2. D & H India Limited

            7.4.2.1. Headquarters, Year of Establishment, Revenue, Key Management, Number of Employees

            7.4.2.2. Business Segments

            7.4.2.3. Financial Overview

            7.4.2.4. Strategic Overview

        7.4.3. ESAB India Limited

            7.4.3.1. Headquarters, Year of Establishment, Revenue, Key Management, Number of Employees

            7.4.3.2. Business Segments

            7.4.3.3. Financial Overview

            7.4.3.4. Strategic Overview

        7.4.4. Eureka Systems And Electrodes Private Ltd.

            7.4.4.1. Headquarters, Year of Establishment, Revenue, Key Management, Number of Employees

            7.4.4.2. Business Segments

            7.4.4.3. Financial Overview

            7.4.4.4. Strategic Overview

        7.4.5. Mailam India Limited

            7.4.5.1. Headquarters, Year of Establishment, Revenue, Key Management, Number of Employees

            7.4.5.2. Business Segments

            7.4.5.3. Financial Overview

            7.4.5.4. Strategic Overview

        7.4.6. Lincoln Electric Company India

            7.4.6.1. Headquarters, Year of Establishment, Revenue, Key Management, Number of Employees

            7.4.6.2. Business Segments

            7.4.6.3. Financial Overview

            7.4.6.4. Strategic Overview

        7.4.7. Bohler Welding Group India Pvt Ltd (Voestalpine Böhler)

            7.4.7.1. Headquarters, Year of Establishment, Revenue, Key Management, Number of Employees

            7.4.7.2. Business Segments

            7.4.7.3. Financial Overview

            7.4.7.4. Strategic Overview

        7.4.8. Honavar Electrodes Private Limited

            7.4.8.1. Headquarters, Year of Establishment, Revenue, Key Management, Number of Employees

            7.4.8.2. Business Segments

            7.4.8.3. Financial Overview

            7.4.8.4. Strategic Overview

        7.4.9. D&H Sécheron Electrodes Pvt. Ltd.

            7.4.9.1. Headquarters, Year of Establishment, Revenue, Key Management, Number of Employees

            7.4.9.2. Business Segments

            7.4.9.3. Financial Overview

            7.4.9.4. Strategic Overview

8. Primary Research - Key Insights

9. Appendix

    9.1. Research Methodology and Assumptions

List of Tables

Table 1: India Welding Consumables Market, Snapshot (2020 and 2031)

Table 2: India Welding Consumables Market Drivers: Impact Analysis

Table 3: India Welding Consumables Market Restraints: Impact Analysis

List of Figures

Figure 1: India Welding Consumables Market Segmentation

Figure 2: India Welding Consumables Market, 2020 – 2031 (Kilo Tons) (US$ Mn)

Figure 3: India Welding Consumables Market - Value Chain Analysis

Figure 4: India Steel Consumption, 2015 − 2020 (Million Tons)

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

Figure 6: Welding Consumables Market: Market Attractiveness

Figure 7: Welding Consumables Market: Company Market Share Analysis

Figure 8: India Welding Consumables Market Volume Share, by Product, 2020 and 2031

Figure 9: India Stick Electrodes Market, 2020 – 2031 (Kilo Tons) (US$ Mn)

Figure 10: India Solid Wires Market, 2020 – 2031 (Kilo Tons) (US$ Mn)

Figure 11: India Flux-cored Wires Market, 2020 – 2031 (Kilo Tons) (US$ Mn)

Figure 12: India SAW Wires & Fluxes Market, 2020 – 2031 (Kilo Tons) (US$ Mn)

Figure 13: India Others (Rods, etc) Market, 2020 – 2031 (Kilo Tons) (US$ Mn)

Figure 14: India Welding Consumables Market Volume Share, by Application, 2020 and 2031

Figure 15: India Welding Consumables Market for Automobile & Transportation, 2020 – 2031 (Kilo Tons) (US$ Mn)

Figure 16: India Welding Consumables Market for Building & Construction, 2020 – 2031 (Kilo Tons) (US$ Mn)

Figure 17: India Welding Consumables Market for Marine Application, 2020 – 2031 (Kilo Tons) (US$ Mn)

Figure 18: India Welding Consumables Market for Power Application, 2020 – 2031 (Kilo Tons) (US$ Mn)

Figure 19: India Welding Consumables Market for Oil & Gas, 2020 – 2031 (Kilo Tons) (US$ Mn)

Figure 20: India Welding Consumables Market for Wear Plates, 2020 – 2031 (Kilo Tons) (US$ Mn)

Figure 21: India Welding Consumables Market for Other Applications, 2020 – 2031 (Kilo Tons) (US$ Mn)

Figure 22: Indian Metal & Ferro Alloys Market for Welding Consumables, 2020 – 2031 (Kilo Tons) (US$ Mn)

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India Welding Consumables Market