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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

India Welding Consumables Market: Snapshot 

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 finds application in several industries such as oil and gas, pipelines, buildings and constructions, and automobiles. The welding industry includes welding services, consumables, and welding equipment. The welding consumables market holds a good share in the welding industry in comparison to welding services and welding equipment. The 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 electrode. 

The demand for welding consumables in India is likely to experience strong growth owing to the incessant advancements in technology and extensive growth of the end-use industries. The Indian welding consumables market is likely to rise at a 5.6% CAGR between 2014 and 2020. The market was worth INR 30.88 bn in 2013 and is likely to rise at a valuation of INR 45.37 bn by the end of 2020. 

Welding Stick Electrodes to Lead as Most Used 

Welding stick electrodes conquered the welding consumables market of India in 2013 with over 45% share in hand. Stick electrodes are principally used in labor-intensive welding and are an inexpensive substitute of different types of welding consumables products. Nevertheless, the demand for fluxes and wires are predicted to rise considerably over 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 growing preference for flux and solid cored wires. The segment of SAW wires and fluxes is anticipated to exhibit moderate growth, holding over 7% share of the market by the end of 2020. Based on revenue, flux cored wires is estimated to be the leading segment in terms of growth over the forecast period.

Automobile and Transportation to Emerge Dominant among End Users 

The progress of the end-use industries such as building and construction and transportation is anticipated to be a significant factor that is expected to drive the India welding consumables market in the near future. Additionally, the rise in investments in sectors such as oil and gas and energy is expected to lift the India welding consumables market. The Automobile and transportation sector emerged as the leading end user in terms of demand for welding consumables. In 2013, it held over 25% share. The power sector is expected to be the leading segment in terms of rate of growth, over the forecast period of 2014-2020. Other different applications such as marine and wear plates are projected to rise at a moderate rate in the coming years. 

The leading companies operating in the India welding consumables market are Voestalpine A G, Lincoln Electric, ESAB, Ador Welding Limited, Honavar Electrodes, and D&H Sécheron, among others. Among these companies, the welding consumables market in India has a huge number of unorganized and small players.

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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