Welding is a manufacturing or assembling process that is used to join materials such as metals and thermoplastics. Metals and thermoplastics are joined together by fusion of the intersecting materials. Welding is an evolving technology. Commonly implemented welding technologies include shielded metal arc welding (SMAW), gas tungsten arc welding (GTAW), gas metal arc welding (GMAW), flux-cored arc welding (FCAW), and submerged arc welding (SAW). Materials used in the welding process are collectively termed welding consumables. Usage of consumables depends on the welding technology implemented. However, commonly used welding consumables are stick electrodes, solid wires, flux-cored wires, and SAW wires and fluxes. Stick electrodes and filler materials such as solid wires are used during the welding process, while flux and welding gases are employed to prevent the oxidation of base materials. Welding consumables are employed in various applications in end-user industries. However, different types of welding technologies are implemented according to the needs of end-users; usage of products depends upon the nature of the application.
Demand for welding consumables, especially electrodes, was high in Indonesia in 2014. Stick electrodes was the largest product segment of the welding consumables market in Indonesia and accounted for over 50% of the market share in 2014. This can be attributed majorly to the low cost and high usage of the manual welding process in the country. However, the welding industry has been experiencing a shift from electrodes toward solid wires and flux-cored wires owing to higher production efficiency. Wires and fluxes are gaining popularity over electrodes. Demand for welding consumables in the welding industry is driven by factors such as less wastage, suitability for automatic welding systems, higher productivity, and wide usage among different welding technologies. Flux-cored wires and SAW wires and fluxes are anticipated to be among the rapidly growing product segments during the forecast period.
Key application sectors of welding consumables in Indonesia include automobile & transportation, building & construction, marine, power, oil & gas, and others (repair & maintenance). Growth of end-user industries is likely to augment the demand for welding technologies. Expansion in the automobile & transportation sector is anticipated to be a major factor driving the welding consumables market in Indonesia. Production of cars is set to outpace sales during the forecast period, as global carmakers are strengthening domestic output. The welding consumables market is expected to benefit from this, as automotive is one of the key end-user industries in Indonesia. Various materials such as steel, glass, rubber, copper, aluminum, and plastics are used in different parts of a vehicle. Metals employed in the manufacture of automobiles are joined through different methods. These include temporary methods such as bolts, screws, and rivets, and permanent methods such as welding. Automotive & transportation was the largest end-user segment of the welding consumables market in Indonesia in 2014. It held 24.5% share in 2014. Furthermore, demand for welding consumables in the power sector in Indonesia is increasing at a rapid rate owing to rising electrification rate and capacity additions in the power sector in the country.
The value chain depicts a high degree of forward integration in the welding consumables market in Indonesia. Large numbers of players operate in the market. Key market players include Lincoln Electrical Holdings Inc., The Linde Group, Inc., PT. Ispat Indo, PT. Gapura Raya, PT. Alfa Metalindo Indonesia, P.T. Intan Pertiwi Industri, PT. Cahaya Las Mandiri, PT. Yontomo Sukses Abadi, Nikko Steel, and Voestalpine AG
Welding is a sculptural process, wherein thermoplastics or metals are joined together with the help of coalescence. Filler metals are used during the course of welding. Flux is commonly employed to produce a shield of gas around the weld. This prevents oxidation of metals. Electrodes, filler metals, and fluxes are collectively known as welding consumables. Commonly used welding consumables for different welding processes in Indonesia include stick electrodes, flux-cored wires, solid wires, SAW wires & fluxes, and various welding gases and rods. Stick electrodes dominate the welding consumables market in Indonesia. These are designed for mild alloy and low alloy steel welding applications. Stick electrodes are used extensively in oil & gas and power sectors. Welding consumables are primarily employed in building & construction, automobiles & transportation, and marine industries. Together, these applications account for nearly 50% of the welding consumables market.
This report provides detailed analysis and forecast of the welding consumables market in Indonesia from 2015 to 2023. On the country level, the market has been segmented based on volume (kilo tons) and revenue (US$ Mn) from 2015 to 2023. Demand for welding consumables has been forecast in terms of volume (kilo tons) and revenue (US$ Mn) from 2015 to 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 analyzes the value chain to provide detailed understanding of the market. Additionally, it covers Porter’s Five Forces Model, which offers an insight into the intensity of competition in the market. The study also comprises market attractiveness analysis, wherein various end-user industries are benchmarked based on their market size, growth rate, and general attractiveness.
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 concise data, capturing industry participants’ insights, and recognizing opportunities and growth.
The market has been forecast based on constant currency rates. This 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 Indonesia has been presented in terms of volume and revenue. Market volume and revenue have been estimated and forecast in kilo tons and US$ Mn, respectively. 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 Indonesia. The market has been segmented based on various products. Each segment has been analyzed and forecast based on volume (kilo tons) and revenue (US$ Mn) from 2015 to 2023. Additionally, segments have been analyzed and forecast based on current trends at the country level.
The report includes profiles of leading manufacturers and distributors operating in the welding consumables market in Indonesia. These include Lincoln Electrical Holdings Inc., The Linde Group, Inc., PT. Ispat Indo, PT. Gapura Raya, PT. Alfa Metalindo Indonesia, P.T. Intan Pertiwi Industri, PT. Cahaya Las Mandiri, PT. Yontomo Sukses Abadi, Nikko Steel, and Voestalpine AG.
The report segments the welding consumables market in Indonesia as follows:
Welding Consumables Market - Indonesia Product Analysis
- Stick electrodes
- Solid wires
- Flux-cored wires
- SAW wires & Fluxes
- Others (Including gases, etc.)
Welding Consumables Market - Indonesia End User Analysis
- Automotive & transportation
- Building & construction
- Oil & gas
- Others (Including maintenance and repair, etc.)