溶接材料市場規模、セグメント分析、2030年までの世界予測

Welding Materials Market - Global Forecast To 2030

溶接材料市場 - タイプ(電極・充填材、フラックス・ワイヤー、ガス)、技術(アーク溶接、抵抗溶接、酸素燃料溶接)、最終用途産業(運輸、建築・建設、重工業)、地域別 - 2030年までの世界予測
Welding Materials Market by Type (Electrodes & Filler Materials, Fluxes & Wires, Gases), Technology (Arc, Resistance, Oxy-Fuel Welding), End-use Industry (Transportation, Building & Construction, Heavy Industries), and Region - Global Forecast to 2030

商品番号 : SMB-86545

出版社MarketsandMarkets
出版年月2025年9月
ページ数218
図表数277
価格タイプシングルユーザライセンス
価格USD 4,950
種別英文調査報告書

本調査レポートは、溶接材料市場を種類(電極・フィラー材料、ガス、フラックス、ワイヤー)、技術(アーク溶接、抵抗溶接、酸素燃料溶接、その他の技術)、最終用途産業(運輸、重工業、建築・建設、その他の最終用途産業)、地域(アジア太平洋、北米、欧州、南米、中東・アフリカ)別に分類しています。レポートでは、溶接材料市場の成長に影響を与える推進要因、制約要因、課題、機会に関する詳細な情報を提供しています。主要業界プレーヤーの徹底的な分析により、各社の事業概要、提供製品、そして溶接材料市場における提携、契約、製品発売、事業拡大、買収といった主要戦略に関する洞察を提供しています。また、溶接材料エコシステムにおける新興スタートアップ企業の競合分析も掲載しています。

本レポートは、市場リーダー企業と新規参入企業に対し、溶接材料市場全体とそのサブセグメントの概算収益数値を提供します。これにより、ステークホルダーは競争環境を理解し、自社のポジショニングを改善するための洞察を得て、適切な市場開拓戦略を策定することができます。さらに、主要な市場牽引要因、制約要因、課題、そして機会に関する情報も提供しており、ステークホルダーが市場の動向を把握する上で役立ちます。

溶接材料市場は、2025年の188億6,000万米ドルから2030年には225億3,000万米ドルに成長し、予測期間中に年平均成長率(CAGR)3.62%で成長すると予測されています。建築・建設セクターにおける支出の増加、製造業の発展、そして修理・メンテナンス活動の増加が、溶接材料の需要を押し上げると予想されます。住宅建設の増加や既存インフラの改修・再建も、溶接材料市場を押し上げる要因となるでしょう。しかしながら、市場は環境への影響に関する課題に直面しています。溶接材料の環境影響には、その製造、使用、廃棄が含まれ、大気質、資源消費、廃棄物管理に影響を与えます。

The welding materials market is projected to grow from USD 18.86 billion in 2025 to USD 22.53 billion by 2030, at a CAGR of 3.62% during the forecast period. The increase in spending in the building and construction sector, advancements in manufacturing industries, and the growth of repair and maintenance activities are expected to drive the demand for welding materials. The rise in residential construction and the renovation or rebuilding of existing infrastructure will likely push the welding materials market. However, the market faces challenges related to its environmental impact. The environmental effects of welding materials include their production, use, and disposal, affecting air quality, resource consumption, and waste management.

溶接材料市場規模、セグメント分析、2030年までの世界予測
welding-material-market-Overview

“Arc welding technology segment to lead market during forecast period”

Arc welding is expected to be the largest segment in the welding materials market during the forecast period. This method benefits from a high concentration of heat during the welding process, where an electric arc forms between the electrode and base materials, melting the metals. The consistent metal deposition, excellent corrosion resistance, and high impact toughness also contribute to its status as a leading welding technology. Arc welding is also preferred in the welding industry due to its affordability and versatility across various metal surfaces. These advantages explain why arc welding remains a popular choice in welding materials for industries that require reliable, strong, and efficient metal joining.

“Electrodes and filler materials to be largest segment during forecast period”

Electrodes and filler materials are primarily used in welding because they are essential for creating strong, durable, and high-quality welded joints. They can be employed across a wide range of welding methods and applications. Welding electrodes serve as the conduit that conducts electricity from the electrode holder to the metal surface being joined. They also supply the necessary filler material during welding. Filler materials are consumables used to fill gaps that may form during welding. These gaps typically occur when two metal pieces are joined, and filling them enhances the strength and functionality of the welded assembly.

“Heavy industries segment to hold second-largest share during forecast period”

Heavy industries are expected to be the second-largest segment of the welding materials market. Heavy industries use welding extensively because welding is critical for fabricating, assembling, and maintaining heavy-duty equipment and structures requiring strong, durable, and high-integrity joints. Sectors like shipbuilding, oil & gas, mining, railways, and heavy machinery manufacture work with thick, high-strength steel plates and complex assemblies requiring substantial welding consumables such as electrodes, fluxes, and filler wires.

溶接材料市場規模、セグメント分析、2030年までの世界予測 - 地域
welding-material-market-Region

“Asia Pacific welding materials market to record highest CAGR during forecast period”

The welding materials market in Asia Pacific is expanding due to rapid industrial development, infrastructure projects, and manufacturing growth. Countries like China and India are investing heavily in transportation systems, urban housing, power plants, ports, and industrial zones. Large construction and infrastructure projects require extensive welding for steel structures, pipelines, and components, boosting the demand for electrodes, wires, and fluxes. Asia Pacific also hosts major automotive manufacturing hubs in China, Japan, India, South Korea, and Thailand, along with key centers for appliances and machinery. These industries depend on automated and manual welding methods, which consume considerable materials. Furthermore, countries are ramping up their production abilities in heavy machinery and rail manufacturing.

  • By Company Type: Tier 1: 25%, Tier 2: 42%, and Tier 3: 33%
  • By Designation: C-level Executives: 20%, Directors: 30%, and Other Designations: 50%
  • By Region: North America: 20%, Europe: 10%, Asia Pacific: 40%, South America: 10%, and Middle East & Africa 20%

Notes: Other designations include sales, marketing, and product managers.

Tier 1: >USD 1 Billion; Tier 2: USD 500 million–1 Billion; and Tier 3: <USD 500 million

Companies Covered: Air Liquide (France), Air Products Inc. (US), ESAB (US), Illinois Tool Works Inc. (US), Linde plc (Germany), Lincoln Electric Holdings, Inc. (US), Ador Welding (India), Tianjin Bridge Welding Materials Group Co., Ltd. (China), Kobe Steel, Ltd. (Japan), and voestalpine AG (Austria) among others.

溶接材料市場規模、セグメント分析、2030年までの世界予測 - 対象となる企業
welding-material-market-Ecosystem

The study includes an in-depth competitive analysis of these key players in the welding materials market, with their company profiles, recent developments, and key market strategies.

Research Coverage

This research report categorizes the welding materials market by type (electrode & filler materials, gases, fluxes & wires), technology (arc welding, resistant welding, oxy fuel welding, other technologies), end-use industry (transportation, heavy industries, building & construction, and other end-use industries), and region (Asia Pacific, North America, Europe, South America, and Middle East & Africa). The report’s scope includes detailed information on the drivers, restraints, challenges, and opportunities affecting the growth of the welding materials market. A thorough analysis of key industry players provides insights into their business profiles, products offered, and key strategies such as partnerships, agreements, product launches, expansions, and acquisitions in the welding materials market. This report also features a competitive analysis of emerging startups within the welding materials ecosystem.

Reasons to Buy Report

The report provides market leaders and new entrants with approximate revenue figures for the overall welding materials market and its subsegments. It helps stakeholders understand the competitive landscape, gain insights into positioning their businesses better, and develop appropriate go-to-market strategies. Additionally, the report offers information on key market drivers, restraints, challenges, and opportunities to help stakeholders grasp the market’s pulse.

The report provides insights into the following points:

  • Analysis of key drivers (increasing demand from end-use industries, and long-term growth in emerging markets and investments in energy infrastructure), restraints (environmental impact of welding materials), opportunities (growth prospects in developing economies, and new and advanced applications), and challenges (shortage and high labor costs).
  • Product Development/Innovation: Detailed insights into upcoming technologies, research & development activities, and product & service launches in the welding materials market.
  • Market Development: Comprehensive information about profitable markets – the report analyzes the welding materials market across varied regions.
  • Market Diversification: Exhaustive information about new products & services, untapped geographies, recent developments, and investments in the welding materials market.
  • Competitive Assessment: In-depth assessment of market shares, growth strategies, and offerings of leading players such as Air Liquide (France), Air Products Inc. (US), ESAB (US), Illinois Tool Works Inc. (US), Linde plc (Germany), Lincoln Electric Holdings, Inc. (US), Ador Welding (India), Tianjin Bridge Welding Materials Group Co., Ltd. (China), Kobe Steel, Ltd. (Japan), and voestalpine AG (Austria).

Table of Contents

1               INTRODUCTION              23

1.1           STUDY OBJECTIVES       23

1.2           MARKET DEFINITION   23

1.3           MARKET SCOPE                24

1.3.1        MARKETS COVERED AND REGIONAL SCOPE      24

1.3.2        YEARS CONSIDERED      25

1.3.3        INCLUSIONS & EXCLUSIONS       25

1.3.4        CURRENCY CONSIDERED            26

1.4           LIMITATIONS    26

1.5           STAKEHOLDERS               26

1.6           SUMMARY OF CHANGES               27

2               RESEARCH METHODOLOGY       28

2.1           RESEARCH DATA              28

2.1.1        SECONDARY DATA          29

2.1.1.1    Key data from secondary sources       29

2.1.2        PRIMARY DATA 29

2.1.2.1    Key data from primary sources           30

2.1.2.2    Key market insights              30

2.2           MARKET SIZE ESTIMATION         31

2.3           DATA TRIANGULATION                33

2.4           RESEARCH ASSUMPTIONS           35

2.5           RISK ASSESSMENT           35

2.6           GROWTH RATE ASSUMPTIONS 35

3               EXECUTIVE SUMMARY  36

4               PREMIUM INSIGHTS       40

4.1           ATTRACTIVE OPPORTUNITIES FOR PLAYERS IN WELDING MATERIALS MARKET                 40

4.2           WELDING MATERIALS MARKET, BY REGION AND TYPE, 2024        41

4.3           WELDING MATERIALS MARKET, BY COUNTRY   41

5               MARKET OVERVIEW       42

5.1           INTRODUCTION              42

5.2           MARKET DYNAMICS       42

5.2.1        DRIVERS               42

5.2.1.1    Growing construction and automotive industries           42

5.2.1.2    Rising demand for energy and growing investments in renewable energy in emerging markets                43

5.2.2        RESTRAINTS      44

5.2.2.1    Environmental impact of welding materials     44

5.2.3        OPPORTUNITIES              45

5.2.3.1    Growth prospects in emerging economies        45

5.2.3.2    New and advanced applications         45

5.2.4        CHALLENGES    46

5.2.4.1    Shortage of skilled labor and high labor cost    46

5.3           INDUSTRY TRENDS         46

5.4           TRENDS/DISRUPTIONS IMPACTING CUSTOMER BUSINESS            46

5.5           PRICING ANALYSIS          47

5.6           VALUE CHAIN ANALYSIS               48

5.7           ECOSYSTEM ANALYSIS  51

5.8           TECHNOLOGY ANALYSIS             52

5.8.1        KEY TECHNOLOGIES     52

5.8.1.1    Advanced filler materials     52

5.8.1.2    Shielding gas innovations    52

5.8.2        COMPLEMENTARY TECHNOLOGIES       52

5.8.2.1    Welding automation & robotics         52

5.8.2.2    Weld imperfection detections             53

5.8.3        ADJACENT TECHNOLOGIES       53

5.8.3.1    Additive manufacturing       53

5.8.3.2    Surface coating technologies               53

5.9           IMPACT OF GEN AI ON WELDING MATERIALS MARKET                 54

5.9.1        INTRODUCTION              54

5.10         PATENT ANALYSIS          54

5.10.1      INTRODUCTION              54

5.10.2      METHODOLOGY              54

5.11         TRADE ANALYSIS             59

5.11.1      EXPORT SCENARIO (HS CODE 3811)        59

5.11.2      IMPORT SCENARIO (HS CODE 3811)        60

5.12         KEY CONFERENCES AND EVENTS, 2025–2026        61

5.13         REGULATORY LANDSCAPE AND FRAMEWORK  62

5.13.1      REGULATORY LANDSCAPE         62

5.13.1.1  Regulatory bodies, government agencies, and other organizations                 62

5.13.2      REGULATORY FRAMEWORK       64

5.13.2.1  AWS A5 series      64

5.13.2.2  ISO 2560:2020      65

5.13.2.3  ISO 14341:2020    65

5.14         PORTER’S FIVE FORCES ANALYSIS           65

5.14.1      THREAT OF NEW ENTRANTS      66

5.14.2      THREAT OF SUBSTITUTES          66

5.14.3      BARGAINING POWER OF SUPPLIERS       67

5.14.4      BARGAINING POWER OF BUYERS             67

5.14.5      INTENSITY OF COMPETITIVE RIVALRY 67

5.15         KEY STAKEHOLDERS AND BUYING CRITERIA     68

5.15.1      KEY STAKEHOLDERS IN BUYING PROCESS           68

5.15.2      BUYING CRITERIA           69

5.16         CASE STUDY ANALYSIS 69

5.17         MACROECONOMIC ANALYSIS    70

5.17.1      INTRODUCTION              70

5.17.2      GDP TRENDS AND FORECASTS 70

5.18         INVESTMENT AND FUNDING SCENARIO               72

5.19         IMPACT OF 2025 US TARIFF ON WELDING MATERIALS MARKET               72

5.19.1      INTRODUCTION              72

5.19.2      KEY TARIFF RATES          72

5.19.3      PRICE IMPACT ANALYSIS             73

5.19.4      IMPACT ON COUNTRY/REGION                73

6               WELDING MATERIALS MARKET, BY TECHNOLOGY                 74

6.1           INTRODUCTION              75

6.2           ARC WELDING  76

6.2.1        UNIFORMITY IN METAL DEPOSITION, GOOD CORROSION AND HIGH IMPACT RESISTANCE TO DRIVE MARKET               76

6.3           RESISTANCE WELDING 77

6.3.1        DEMAND FOR LONG PRODUCTION RUNS AND CONSISTENT CONDITIONS TO BOOST GROWTH              77

6.4           OXY-FUEL WELDING      77

6.4.1        PORTABILITY AND WELDING NON-FERROUS AND FERROUS METALS TO PROPEL MARKET                77

6.5           OTHER TECHNOLOGIES               77

7               WELDING MATERIALS MARKET, BY TYPE             78

7.1           INTRODUCTION              79

7.2           ELECTRODES & FILLER MATERIALS        80

7.2.1        ECONOMICAL AND WIDE APPLICABILITY TO FUEL MARKET GROWTH          80

7.3           FLUXES & WIRES               81

7.3.1        HIGH DEPOSITION RATE, FLEXIBILITY, AND USE IN EXTERNAL ENVIRONMENTS TO SUPPORT GROWTH      81

7.4           GASES   82

7.4.1        USE WITH OR WITHOUT PRESSURE AND PROTECTION OF MOLTEN METALS FROM CONTAMINATION AND OXIDATION TO DRIVE MARKET                82

8               WELDING MATERIALS MARKET, BY END-USE INDUSTRY                 83

8.1           INTRODUCTION              84

8.2           TRANSPORTATION         85

8.2.1        INCREASING SALES OF ELECTRIC VEHICLES TO BOOST MARKET               85

8.3           HEAVY INDUSTRIES       85

8.3.1        DEMAND FOR REPAIRING SHIPS, PIPELINES, AND OFFSHORE OIL PLATFORMS TO DRIVE GROWTH             85

8.4           BUILDING & CONSTRUCTION   86

8.4.1        RISING CONSTRUCTION ACTIVITIES IN EMERGING ECONOMIES TO BOOST MARKET             86

8.5           OTHER END-USE INDUSTRIES   86

9               WELDING MATERIALS MARKET, BY REGION       87

9.1           INTRODUCTION              88

9.2           ASIA PACIFIC     88

9.2.1        CHINA  92

9.2.1.1    High demand from infrastructure, aerospace & defense, automobile, and marine industries to fuel market           92

9.2.2        JAPAN   94

9.2.2.1    Innovations in transportation industry to boost market 94

9.2.3        INDIA    95

9.2.3.1    Rising demand from automobile and construction sectors to drive market    95

9.2.4        INDONESIA        97

9.2.4.1    Growing population to boost demand in construction sector                 97

9.2.5        REST OF ASIA PACIFIC   99

9.3           NORTH AMERICA             100

9.3.1        US           104

9.3.1.1    Significant oil & gas production to propel market           104

9.3.2        CANADA               105

9.3.2.1    Large automobile industry to offer opportunities for growth                 105

9.3.3        MEXICO                107

9.3.3.1    Increasing demand from OEMs and automotive industry to boost growth    107

9.4           EUROPE               109

9.4.1        GERMANY           112

9.4.1.1    Rising installation of wind turbines and investments in automobile production facilities to propel growth           112

9.4.2        UK          114

9.4.2.1    Growth of automotive industry to offer lucrative opportunities                 114

9.4.3        FRANCE                115

9.4.3.1    Increasing foreign investments in various end-use industries to drive market          115

9.4.4        RUSSIA 117

9.4.4.1    Rise in public and private construction projects to support growth                 117

9.4.5        NETHERLANDS 119

9.4.5.1    Growth of manufacturing sector to contribute to demand                 119

9.4.6        ITALY    120

9.4.6.1    Vast construction industry to favor growth      120

9.4.7        REST OF EUROPE             122

9.5           MIDDLE EAST & AFRICA                123

9.5.1        GCC COUNTRIES              126

9.5.1.1    Saudi Arabia          128

9.5.1.1.1 Increasing government investments in public infrastructure-related projects to support market growth        128

9.5.1.2    UAE        130

9.5.1.2.1 Operation 300bn to boost market growth         130

9.5.1.3    Rest of GCC countries         132

9.5.2        SOUTH AFRICA 133

9.5.2.1    Growing automotive sector to boost market    133

9.5.3        REST OF MIDDLE EAST & AFRICA             135

9.6           SOUTH AMERICA             136

9.6.1        BRAZIL 139

9.6.1.1    Economic development, industrialization, and urbanization to drive market          139

9.6.2        ARGENTINA       141

9.6.2.1    Government focus on automotive industry to propel market                 141

9.6.3        REST OF SOUTH AMERICA           142

10            COMPETITIVE LANDSCAPE         145

10.1         OVERVIEW          145

10.2         KEY PLAYER STRATEGIES/RIGHT TO WIN            145

10.3         MARKET SHARE ANALYSIS           146

10.4         REVENUE ANALYSIS       148

10.5         COMPANY VALUATION AND FINANCIAL METRICS                 148

10.6         PRODUCT/BRAND COMPARISON             150

10.7         COMPANY EVALUATION MATRIX: KEY PLAYERS, 2024                 151

10.7.1      STARS   151

10.7.2      EMERGING LEADERS     151

10.7.3      PERVASIVE PLAYERS      151

10.7.4      PARTICIPANTS 151

10.7.5      COMPANY FOOTPRINT: KEY PLAYERS, 2024         153

10.7.5.1  Company footprint               153

10.7.5.2  Region footprint   153

10.7.5.3  End-use industry footprint 154

10.7.5.4  Type footprint       154

10.7.5.5  Technology footprint           155

10.8         COMPANY EVALUATION MATRIX: STARTUPS/SMES, 2024        155

10.8.1      PROGRESSIVE COMPANIES         155

10.8.2      RESPONSIVE COMPANIES            155

10.8.3      DYNAMIC COMPANIES  155

10.8.4      STARTING BLOCKS         156

10.8.5      COMPETITIVE BENCHMARKING: STARTUPS/SMES, 2024                 157

10.8.5.1  Detailed list of key startups/SMEs, 2024          157

10.8.5.2  Competitive benchmarking of key startups/SMEs          158

10.9         COMPETITIVE SCENARIO             160

10.9.1      PRODUCT LAUNCHES   160

10.9.2      DEALS  161

10.9.3      EXPANSIONS     165

11            COMPANY PROFILES      166

11.1         KEY PLAYERS     166

11.1.1      AIR LIQUIDE      166

11.1.1.1  Business overview 166

11.1.1.2  Products/Solutions/Services offered 167

11.1.1.3  Recent developments           168

11.1.1.3.1                Expansions             168

11.1.1.4  MnM view              168

11.1.1.4.1                Right to win           168

11.1.1.4.2                Strategic choices   169

11.1.1.4.3                Weaknesses and competitive threats 169

11.1.2      AIR PRODUCTS AND CHEMICALS, INC.  170

11.1.2.1  Business overview 170

11.1.2.2  Products/Solutions/Services offered 171

11.1.2.3  Recent developments           172

11.1.2.3.1                Deals      172

11.1.2.4  MnM view              172

11.1.2.4.1                Right to win           172

11.1.2.4.2                Strategic choices   172

11.1.2.4.3                Weaknesses and competitive threats 173

11.1.3      ESAB      174

11.1.3.1  Business overview 174

11.1.3.2  Products/Solutions/Services offered 175

11.1.3.3  Recent developments           176

11.1.3.3.1                Product launches  176

11.1.3.3.2                Deals      177

11.1.3.4  MnM view              178

11.1.3.4.1                Right to win           178

11.1.3.4.2                Strategic choices   178

11.1.3.4.3                Weaknesses and competitive threats 178

11.1.4      LINDE PLC          179

11.1.4.1  Business overview 179

11.1.4.2  Products/Solutions/Services offered 180

11.1.4.3  Recent developments           181

11.1.4.3.1                Deals      181

11.1.4.4  MnM view              181

11.1.4.4.1                Right to win           181

11.1.4.4.2                Strategic choices   182

11.1.4.4.3                Weaknesses and competitive threats 182

11.1.5      ILLINOIS TOOL WORKS INC.       183

11.1.5.1  Business overview 183

11.1.5.2  Products/Solutions/Services offered 184

11.1.5.3  MnM view              185

11.1.5.3.1                Right to win           185

11.1.5.3.2                Strategic choices   185

11.1.5.3.3                Weaknesses and competitive threats 185

11.1.6      THE LINCOLN ELECTRIC COMPANY       186

11.1.6.1  Business overview 186

11.1.6.2  Products/Solutions/Services offered 187

11.1.6.3  Recent developments           188

11.1.6.3.1                Product launches  188

11.1.6.3.2                Deals      189

11.1.6.4  MnM view              190

11.1.7      ADOR WELDING               191

11.1.7.1  Business overview 191

11.1.7.2  Products/Solutions/Services offered 192

11.1.7.3  Recent developments           193

11.1.7.3.1                Deals      193

11.1.7.4  MnM view              193

11.1.8      TIANJIN BRIDGE WELDING MATERIALS GROUP CO.,LTD.              194

11.1.8.1  Business overview 194

11.1.8.2  Products/Solutions/Services offered 194

11.1.8.3  MnM view              195

11.1.9      KOBE STEEL, LTD.           196

11.1.9.1  Business overview 196

11.1.9.2  Products/Solutions/Services offered 197

11.1.9.3  MnM view              197

11.1.10   VOESTALPINE AG            198

11.1.10.1                 Business overview 198

11.1.10.2                 Products/Solutions/Services offered 199

11.1.10.3                 Recent developments           200

11.1.10.3.1             Product launches  200

11.1.10.3.2             Deals      201

11.1.10.4                 MnM view              201

11.2         OTHER PLAYERS              202

11.2.1      PRECISION CASTPARTS CORP.  202

11.2.2      ROLLED ALLOYS              202

11.2.3      LAIWU JINCAI WELDING MATERIALS CO., LTD. 203

11.2.4      ADVANCED TECHNOLOGY & MATERIALS CO., LTD.                 203

11.2.5      HYUNDAI WELDING CO.               204

11.2.6      ZULFI WELDING ELECTRODES FACTORY CO. LTD.                 204

11.2.7      ATLANTIC CHINA WELDING CONSUMABLES      205

11.2.8      FORTIUS METALS            205

11.2.9      B&H GROUP       206

11.2.10   ROCKMOUNT    206

11.2.11   WELDFAST ELECTRODES PVT. LTD.       207

11.2.12   D&H SÉCHERON               207

11.2.13   GEDIK WELDING              208

11.2.14   SUPERON SCHWEISSTECHNIK INDIA      208

11.2.15   NEXA WELD       209

12            ADJACENT MARKET        210

12.1         INTRODUCTION              210

12.2         WELDING EQUIPMENT, ACCESSORIES, AND CONSUMABLES MARKET              210

13            APPENDIX           211

13.1         KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL                214

13.2         CUSTOMIZATION OPTIONS        216

13.3         RELATED REPORTS         216

13.4         AUTHOR DETAILS           217

LIST OF TABLES

TABLE 1                AVERAGE SELLING PRICE OF ELECTRODES & FILLER MATERIALS, 2024 (KG/USD)         47

TABLE 2                AVERAGE SELLING PRICE OF FLUXES, 2024 (KG/USD)            48

TABLE 3                AVERAGE SELLING PRICE OF WIRES, 2024 (KG/USD)            48

TABLE 4                AVERAGE SELLING PRICE OF GAS, 2024 (CUBIC METER/USD)     48

TABLE 5                WELDING MATERIALS MARKET: ECOSYSTEM                 51

TABLE 6                LIST OF KEY PATENTS, 2022–2024              56

TABLE 7                EXPORT DATA RELATED TO HS CODE 3811-COMPLIANT PRODUCTS, BY COUNTRY, 2020–2024 (USD MILLION)            60

TABLE 8                IMPORT DATA RELATED TO HS CODE 3811-COMPLIANT PRODUCTS, BY COUNTRY, 2020–2024 (USD MILLION)            61

TABLE 9                LIST OF CONFERENCES AND EVENTS, 2025–2026                 61

TABLE 10              NORTH AMERICA: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS             62

TABLE 11              EUROPE: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS                 63

TABLE 12              ASIA PACIFIC: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS                 63

TABLE 13              SOUTH AMERICA: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS             64

TABLE 14              MIDDLE EAST & AFRICA: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS             64

TABLE 15              WELDING MATERIALS MARKET: PORTER’S FIVE FORCES ANALYSIS           66

TABLE 16              INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR WELDING MATERIALS      68

TABLE 17              KEY BUYING CRITERIA FOR TOP THREE END-USE INDUSTRIES              69

TABLE 18              ENSURING WELDING CONSISTENCY & FEEDABILITY FOR HIGH-VOLUME RACK PRODUCTION 69

TABLE 19              HARDFACING REPAIR OF VRM GRINDING COMPONENTS AT HANSON CEMENT DURING COVID-19                 70

TABLE 20              HANDS-ON TECHNICAL SUPPORT FOR STAINLESS-STEEL WELDING WIRE SETUP            70

TABLE 21              WORLD GDP ANNUAL PERCENTAGE CHANGE OF ADVANCED ECONOMIES,

2024–2026              71

TABLE 22              WORLD GDP ANNUAL PERCENTAGE CHANGE OF EMERGING MARKETS AND DEVELOPING ECONOMIES, 2024–2026        71

TABLE 23              WELDING MATERIALS MARKET, BY TECHNOLOGY, 2021–2023 (USD MILLION)            76

TABLE 24              WELDING MATERIALS MARKET, BY TECHNOLOGY, 2024–2030 (USD MILLION)            76

TABLE 25              WELDING MATERIALS MARKET, BY TYPE, 2021–2023 (USD MILLION)       79

TABLE 26              WELDING MATERIALS MARKET, BY TYPE, 2024–2030 (USD MILLION)       80

TABLE 27              WELDING MATERIALS MARKET, BY END-USE INDUSTRY,

2021–2023 (USD MILLION)            84

TABLE 28              WELDING MATERIALS MARKET, BY END-USE INDUSTRY,

2024–2030 (USD MILLION)            85

TABLE 29              WELDING MATERIALS MARKET, BY REGION, 2021–2023 (USD MILLION)            88

TABLE 30              WELDING MATERIALS MARKET, BY REGION, 2024–2030 (USD MILLION)            88

TABLE 31              ASIA PACIFIC: WELDING MATERIALS MARKET, BY COUNTRY,

2021–2023 (USD MILLION)            90

TABLE 32              ASIA PACIFIC: WELDING MATERIALS MARKET, BY COUNTRY,

2024–2030 (USD MILLION)            90

TABLE 33              ASIA PACIFIC: WELDING MATERIALS MARKET, BY TECHNOLOGY,

2021–2023 (USD MILLION)            90

TABLE 34              ASIA PACIFIC: WELDING MATERIALS MARKET, BY TECHNOLOGY,

2024–2030 (USD MILLION)            91

TABLE 35              ASIA PACIFIC: WELDING MATERIALS MARKET, BY TYPE,

2021–2023 (USD MILLION)            91

TABLE 36              ASIA PACIFIC: WELDING MATERIALS MARKET, BY TYPE,

2024–2030 (USD MILLION)            91

TABLE 37              ASIA PACIFIC: WELDING MATERIALS MARKET, BY END-USE INDUSTRY,

2021–2023 (USD MILLION)            92

TABLE 38              ASIA PACIFIC: WELDING MATERIALS MARKET, BY END-USE INDUSTRY,

2024–2030 (USD MILLION)            92

TABLE 39              CHINA: WELDING MATERIALS MARKET, BY TYPE, 2021–2023 (USD MILLION)                93

TABLE 40              CHINA: WELDING MATERIALS MARKET, BY TYPE, 2024–2030 (USD MILLION)                93

TABLE 41              CHINA: WELDING MATERIALS MARKET, BY END-USE INDUSTRY,

2021–2023 (USD MILLION)            93

TABLE 42              CHINA: WELDING MATERIALS MARKET, BY END-USE INDUSTRY,

2024–2030 (USD MILLION)            94

TABLE 43              JAPAN: WELDING MATERIALS MARKET, BY TYPE, 2021–2023 (USD MILLION)                94

TABLE 44              JAPAN: WELDING MATERIALS MARKET, BY TYPE, 2024–2030 (USD MILLION)                95

TABLE 45              JAPAN: WELDING MATERIALS MARKET, BY END-USE INDUSTRY,

2021–2023 (USD MILLION)            95

TABLE 46              JAPAN: WELDING MATERIALS MARKET, BY END-USE INDUSTRY,

2024–2030 (USD MILLION)            95

TABLE 47             INDIA: WELDING MATERIALS MARKET, BY TYPE, 2021–2023 (USD MILLION)            96

TABLE 48             INDIA: WELDING MATERIALS MARKET, BY TYPE, 2024–2030 (USD MILLION)            96

TABLE 49              INDIA: WELDING MATERIALS MARKET, BY END-USE INDUSTRY,

2021–2023 (USD MILLION)            97

TABLE 50              INDIA: WELDING MATERIALS MARKET, BY END-USE INDUSTRY,

2024–2030 (USD MILLION)            97

TABLE 51              INDONESIA: WELDING MATERIALS MARKET, BY TYPE, 2021–2023 (USD MILLION)                98

TABLE 52              INDONESIA: WELDING MATERIALS MARKET, BY TYPE, 2024–2030 (USD MILLION)                98

TABLE 53              INDONESIA: WELDING MATERIALS MARKET, BY END-USE INDUSTRY,

2021–2023 (USD MILLION)            98

TABLE 54              INDONESIA: WELDING MATERIALS MARKET, BY END-USE INDUSTRY,

2024–2030 (USD MILLION)            98

TABLE 55              REST OF ASIA PACIFIC: WELDING MATERIALS MARKET, BY TYPE,

2021–2023 (USD MILLION)            99

TABLE 56              REST OF ASIA PACIFIC: WELDING MATERIALS MARKET, BY TYPE,

2024–2030 (USD MILLION)            99

TABLE 57              REST OF ASIA PACIFIC: WELDING MATERIALS MARKET, BY END-USE INDUSTRY, 2021–2023 (USD MILLION)                 99

TABLE 58              REST OF ASIA PACIFIC: WELDING MATERIALS MARKET, BY END-USE INDUSTRY, 2024–2030 (USD MILLION)                 100

TABLE 59              NORTH AMERICA: WELDING MATERIALS MARKET, BY COUNTRY,

2021–2023 (USD MILLION)            101

TABLE 60              NORTH AMERICA: WELDING MATERIALS MARKET, BY COUNTRY,

2024–2030 (USD MILLION)            102

TABLE 61              NORTH AMERICA: WELDING MATERIALS MARKET, BY TECHNOLOGY,

2021–2023 (USD MILLION)            102

TABLE 62              NORTH AMERICA: WELDING MATERIALS MARKET, BY TECHNOLOGY,

2024–2030 (USD MILLION)            102

TABLE 63              NORTH AMERICA: WELDING MATERIALS MARKET, BY TYPE,

2021–2023 (USD MILLION)            103

TABLE 64              NORTH AMERICA: WELDING MATERIALS MARKET, BY TYPE,

2024–2030 (USD MILLION)            103

TABLE 65              NORTH AMERICA: WELDING MATERIALS MARKET, BY END-USE INDUSTRY,

2021–2023 (USD MILLION)            103

TABLE 66              NORTH AMERICA: WELDING MATERIALS MARKET, BY END-USE INDUSTRY,

2024–2030 (USD MILLION)            104

TABLE 67              US: WELDING MATERIALS MARKET, BY TYPE, 2021–2023 (USD MILLION)            104

TABLE 68              US: WELDING MATERIALS MARKET, BY TYPE, 2024–2030 (USD MILLION)            105

TABLE 69              US: WELDING MATERIALS MARKET, BY END-USE INDUSTRY,

2021–2023 (USD MILLION)            105

TABLE 70              US: WELDING MATERIALS MARKET, BY END-USE INDUSTRY,

2024–2030 (USD MILLION)            105

TABLE 71              CANADA: WELDING MATERIALS MARKET, BY TYPE, 2021–2023 (USD MILLION)                106

TABLE 72              CANADA: WELDING MATERIALS MARKET, BY TYPE, 2024–2030 (USD MILLION)                106

TABLE 73              CANADA: WELDING MATERIALS MARKET, BY END-USE INDUSTRY,

2021–2023 (USD MILLION)            106

TABLE 74              CANADA: WELDING MATERIALS MARKET, BY END-USE INDUSTRY,

2024–2030 (USD MILLION)            107

TABLE 75              MEXICO: WELDING MATERIALS MARKET, BY TYPE, 2021–2023 (USD MILLION)                108

TABLE 76              MEXICO: WELDING MATERIALS MARKET, BY TYPE, 2024–2030 (USD MILLION)                108

TABLE 77              MEXICO: WELDING MATERIALS MARKET, BY END-USE INDUSTRY,

2021–2023 (USD MILLION)            108

TABLE 78              MEXICO: WELDING MATERIALS MARKET, BY END-USE INDUSTRY,

2024–2030 (USD MILLION)            109

TABLE 79              EUROPE: WELDING MATERIALS MARKET, BY COUNTRY,

2021–2023 (USD MILLION)            109

TABLE 80              EUROPE: WELDING MATERIALS MARKET, BY COUNTRY,

2024–2030 (USD MILLION)            110

TABLE 81              EUROPE: WELDING MATERIALS MARKET, BY TECHNOLOGY,

2021–2023 (USD MILLION)            110

TABLE 82              EUROPE: WELDING MATERIALS MARKET, BY TECHNOLOGY,

2024–2030 (USD MILLION)            110

TABLE 83              EUROPE: WELDING MATERIALS MARKET, BY TYPE, 2021–2023 (USD MILLION)                111

TABLE 84              EUROPE: WELDING MATERIALS MARKET, BY TYPE, 2024–2030 (USD MILLION)                111

TABLE 85              EUROPE: WELDING MATERIALS MARKET, BY END-USE INDUSTRY,

2021–2023 (USD MILLION)            111

TABLE 86              EUROPE: WELDING MATERIALS MARKET, BY END-USE INDUSTRY,

2024–2030 (USD MILLION)            112

TABLE 87              GERMANY: WELDING MATERIALS MARKET, BY TYPE, 2021–2023 (USD MILLION)                113

TABLE 88              GERMANY: WELDING MATERIALS MARKET, BY TYPE, 2024–2030 (USD MILLION)                113

TABLE 89              GERMANY: WELDING MATERIALS MARKET, BY END-USE INDUSTRY,

2021–2023 (USD MILLION)            113

TABLE 90              GERMANY: WELDING MATERIALS MARKET, BY END-USE INDUSTRY,

2024–2030 (USD MILLION)            114

TABLE 91              UK: WELDING MATERIALS MARKET, BY TYPE, 2021–2023 (USD MILLION)            114

TABLE 92              UK: WELDING MATERIALS MARKET, BY TYPE, 2024–2030 (USD MILLION)            115

TABLE 93              UK: WELDING MATERIALS MARKET, BY END-USE INDUSTRY,

2021–2023 (USD MILLION)            115

TABLE 94              UK: WELDING MATERIALS MARKET, BY END-USE INDUSTRY,

2024–2030 (USD MILLION)            115

TABLE 95              FRANCE: WELDING MATERIALS MARKET, BY TYPE, 2021–2023 (USD MILLION)                116

TABLE 96              FRANCE: WELDING MATERIALS MARKET, BY TYPE, 2024–2030 (USD MILLION)                116

TABLE 97              FRANCE: WELDING MATERIALS MARKET, BY END-USE INDUSTRY,

2021–2023 (USD MILLION)            117

TABLE 98              FRANCE: WELDING MATERIALS MARKET, BY END-USE INDUSTRY,

2024–2030 (USD MILLION)            117

TABLE 99              RUSSIA: WELDING MATERIALS MARKET, BY TYPE, 2021–2023 (USD MILLION)                118

TABLE 100            RUSSIA: WELDING MATERIALS MARKET, BY TYPE, 2024–2030 (USD MILLION)                118

TABLE 101            RUSSIA: WELDING MATERIALS MARKET, BY END-USE INDUSTRY,

2021–2023 (USD MILLION)            118

TABLE 102            RUSSIA: WELDING MATERIALS MARKET, BY END-USE INDUSTRY,

2024–2030 (USD MILLION)            119

TABLE 103          NETHERLANDS: WELDING MATERIALS MARKET, BY TYPE,

2021–2023 (USD MILLION)            119

TABLE 104          NETHERLANDS: WELDING MATERIALS MARKET, BY TYPE,

2024–2030 (USD MILLION)            120

TABLE 105          NETHERLANDS: WELDING MATERIALS MARKET, BY END-USE INDUSTRY,

2021–2023 (USD MILLION)            120

TABLE 106          NETHERLANDS: WELDING MATERIALS MARKET, BY END-USE INDUSTRY,

2024–2030 (USD MILLION)            120

TABLE 107          ITALY: WELDING MATERIALS MARKET, BY TYPE, 2021–2023 (USD MILLION)            121

TABLE 108          ITALY: WELDING MATERIALS MARKET, BY TYPE, 2024–2030 (USD MILLION)            121

TABLE 109            ITALY: WELDING MATERIALS MARKET, BY END-USE INDUSTRY,

2021–2023 (USD MILLION)            121

TABLE 110            ITALY: WELDING MATERIALS MARKET, BY END-USE INDUSTRY,

2024–2030 (USD MILLION)            122

TABLE 111            REST OF EUROPE: WELDING MATERIALS MARKET, BY TYPE,

2021–2023 (USD MILLION)            122

TABLE 112            REST OF EUROPE: WELDING MATERIALS MARKET, BY TYPE,

2024–2030 (USD MILLION)            122

TABLE 113            REST OF EUROPE: WELDING MATERIALS MARKET, BY END-USE INDUSTRY,

2021–2023 (USD MILLION)            123

TABLE 114            REST OF EUROPE: WELDING MATERIALS MARKET, BY END-USE INDUSTRY,

2024–2030 (USD MILLION)            123

TABLE 115            MIDDLE EAST & AFRICA: WELDING MATERIALS MARKET, BY COUNTRY,

2021–2023 (USD MILLION)            124

TABLE 116            MIDDLE EAST & AFRICA: WELDING MATERIALS MARKET, BY COUNTRY,

2024–2030 (USD MILLION)            124

TABLE 117            MIDDLE EAST & AFRICA: WELDING MATERIALS MARKET, BY TECHNOLOGY,

2021–2023 (USD MILLION)            124

TABLE 118            MIDDLE EAST & AFRICA: WELDING MATERIALS MARKET, BY TECHNOLOGY,

2024–2030 (USD MILLION)            125

TABLE 119            MIDDLE EAST & AFRICA: WELDING MATERIALS MARKET, BY TYPE,

2021–2023 (USD MILLION)            125

TABLE 120            MIDDLE EAST & AFRICA: WELDING MATERIALS MARKET, BY TYPE,

2024–2030 (USD MILLION)            125

TABLE 121            MIDDLE EAST & AFRICA: WELDING MATERIALS MARKET, BY END-USE INDUSTRY, 2021–2023 (USD MILLION)                 126

TABLE 122            MIDDLE EAST & AFRICA: WELDING MATERIALS MARKET, BY END-USE INDUSTRY, 2024–2030 (USD MILLION)                 126

TABLE 123            GCC COUNTRIES: WELDING MATERIALS MARKET, BY TYPE,

2021–2023 (USD MILLION)            127

TABLE 124            GCC COUNTRIES: WELDING MATERIALS MARKET, BY TYPE,

2024–2030 (USD MILLION)            127

TABLE 125            GCC COUNTRIES: WELDING MATERIALS MARKET, BY END-USE INDUSTRY,

2021–2023 (USD MILLION)            127

TABLE 126            GCC COUNTRIES: WELDING MATERIALS MARKET, BY END-USE INDUSTRY,

2024–2030 (USD MILLION)            128

TABLE 127            SAUDI ARABIA: WELDING MATERIALS MARKET, BY TYPE,

2021–2023 (USD MILLION)            129

TABLE 128            SAUDI ARABIA: WELDING MATERIALS MARKET, BY TYPE,

2024–2030 (USD MILLION)            129

TABLE 129            SAUDI ARABIA: WELDING MATERIALS MARKET, BY END-USE INDUSTRY,

2021–2023 (USD MILLION)            129

TABLE 130            SAUDI ARABIA: WELDING MATERIALS MARKET, BY END-USE INDUSTRY,

2024–2030 (USD MILLION)            130

TABLE 131            UAE: WELDING MATERIALS MARKET, BY TYPE, 2021–2023 (USD MILLION)            131

TABLE 132            UAE: WELDING MATERIALS MARKET, BY TYPE, 2024–2030 (USD MILLION)            131

TABLE 133            UAE: WELDING MATERIALS MARKET, BY END-USE INDUSTRY,

2021–2023 (USD MILLION)            131

TABLE 134            UAE: WELDING MATERIALS MARKET, BY END-USE INDUSTRY,

2024–2030 (USD MILLION)          131

TABLE 135            REST OF GCC COUNTRIES: WELDING MATERIALS MARKET, BY TYPE,

2021–2023 (USD MILLION)            132

TABLE 136            REST OF GCC COUNTRIES: WELDING MATERIALS MARKET, BY TYPE,

2024–2030 (USD MILLION)            132

TABLE 137            REST OF GCC COUNTRIES: WELDING MATERIALS MARKET, BY END-USE INDUSTRY, 2021–2023 (USD MILLION)            133

TABLE 138            REST OF GCC COUNTRIES: WELDING MATERIALS MARKET, BY END-USE INDUSTRY, 2024–2030 (USD MILLION)            133

TABLE 139          SOUTH AFRICA: WELDING MATERIALS MARKET, BY TYPE,

2021–2023 (USD MILLION)            134

TABLE 140          SOUTH AFRICA: WELDING MATERIALS MARKET, BY TYPE,

2024–2030 (USD MILLION)            134

TABLE 141          SOUTH AFRICA: WELDING MATERIALS MARKET, BY END-USE INDUSTRY,

2021–2023 (USD MILLION)            134

TABLE 142          SOUTH AFRICA: WELDING MATERIALS MARKET, BY END-USE INDUSTRY,

2024–2030 (USD MILLION)            135

TABLE 143            REST OF MIDDLE EAST & AFRICA: WELDING MATERIALS MARKET, BY TYPE,

2021–2023 (USD MILLION)            135

TABLE 144            REST OF MIDDLE EAST & AFRICA: WELDING MATERIALS MARKET, BY TYPE,

2024–2030 (USD MILLION)            135

TABLE 145            REST OF MIDDLE EAST & AFRICA: WELDING MATERIALS MARKET, BY END-USE INDUSTRY, 2021–2023 (USD MILLION)            136

TABLE 146            REST OF MIDDLE EAST & AFRICA: WELDING MATERIALS MARKET, BY END-USE INDUSTRY, 2024–2030 (USD MILLION)            136

TABLE 147            SOUTH AMERICA: WELDING MATERIALS MARKET, BY COUNTRY,

2021–2023 (USD MILLION)            137

TABLE 148            SOUTH AMERICA: WELDING MATERIALS MARKET, BY COUNTRY,

2024–2030 (USD MILLION)            137

TABLE 149            SOUTH AMERICA: WELDING MATERIALS MARKET, BY TECHNOLOGY,

2021–2023 (USD MILLION)            137

TABLE 150            SOUTH AMERICA: WELDING MATERIALS MARKET, BY TECHNOLOGY,

2024–2030 (USD MILLION)            138

TABLE 151            SOUTH AMERICA: WELDING MATERIALS MARKET, BY TYPE,

2021–2023 (USD MILLION)            138

TABLE 152            SOUTH AMERICA: WELDING MATERIALS MARKET, BY TYPE,

2024–2030 (USD MILLION)            138

TABLE 153            SOUTH AMERICA: WELDING MATERIALS MARKET, BY END-USE INDUSTRY,

2021–2023 (USD MILLION)            139

TABLE 154            SOUTH AMERICA: WELDING MATERIALS MARKET, BY END-USE INDUSTRY,

2024–2030 (USD MILLION)            139

TABLE 155            BRAZIL: WELDING MATERIALS MARKET, BY TYPE, 2021–2023 (USD MILLION)                140

TABLE 156            BRAZIL: WELDING MATERIALS MARKET, BY TYPE, 2024–2030 (USD MILLION)                140

TABLE 157            BRAZIL: WELDING MATERIALS MARKET, BY END-USE INDUSTRY,

2021–2023 (USD MILLION)            140

TABLE 158            BRAZIL: WELDING MATERIALS MARKET, BY END-USE INDUSTRY,

2024–2030 (USD MILLION)            141

TABLE 159            ARGENTINA: WELDING MATERIALS MARKET, BY TYPE, 2021–2023 (USD MILLION)         141

TABLE 160            ARGENTINA: WELDING MATERIALS MARKET, BY TYPE, 2024–2030 (USD MILLION)         142

TABLE 161            ARGENTINA: WELDING MATERIALS MARKET, BY END-USE INDUSTRY,

2021–2023 (USD MILLION)            142

TABLE 162            ARGENTINA: WELDING MATERIALS MARKET, BY END-USE INDUSTRY,

2024–2030 (USD MILLION)            142

TABLE 163            REST OF SOUTH AMERICA: WELDING MATERIALS MARKET, BY TYPE,

2021–2023 (USD MILLION)            143

TABLE 164            REST OF SOUTH AMERICA: WELDING MATERIALS MARKET, BY TYPE,

2024–2030 (USD MILLION)            143

TABLE 165            REST OF SOUTH AMERICA: WELDING MATERIALS MARKET, BY END-USE INDUSTRY, 2021–2023 (USD MILLION)            143

TABLE 166            REST OF SOUTH AMERICA: WELDING MATERIALS MARKET, BY END-USE INDUSTRY, 2024–2030 (USD MILLION)            144

TABLE 167            OVERVIEW OF STRATEGIES ADOPTED BY KEY PLAYERS              145

TABLE 168            DEGREE OF COMPETITION         147

TABLE 169            WELDING MATERIALS MARKET: REGION FOOTPRINT       153

TABLE 170            WELDING MATERIALS MARKET: END-USE INDUSTRY FOOTPRINT 154

TABLE 171            WELDING MATERIALS MARKET: TYPE FOOTPRINT       154

TABLE 172            WELDING MATERIALS MARKET: TECHNOLOGY FOOTPRINT       155

TABLE 173            WELDING MATERIALS MARKET: DETAILED LIST OF KEY STARTUPS/SMES              157

TABLE 174            COMPETITIVE BENCHMARKING OF KEY STARTUPS/SMES,

BY REGION AND END-USE INDUSTRY    158

TABLE 175            COMPETITIVE BENCHMARKING OF KEY STARTUPS/SMES,

BY TYPE AND TECHNOLOGY     159

TABLE 176            WELDING MATERIALS MARKET: PRODUCT LAUNCHES, JANUARY 2021–JULY 2025     160

TABLE 177            WELDING MATERIALS MARKET: DEALS, JANUARY 2021–JULY 2025               161

TABLE 178            WELDING MATERIALS MARKET: EXPANSIONS, JANUARY 2021–JULY 2025               165

TABLE 179            AIR LIQUIDE: COMPANY OVERVIEW       166

TABLE 180            AIR LIQUIDE: PRODUCTS/SOLUTIONS/SERVICES OFFERED    167

TABLE 181            AIR LIQUIDE: EXPANSIONS, JANUARY 2021–JULY 2025        168

TABLE 182            AIR PRODUCTS AND CHEMICALS, INC.: COMPANY OVERVIEW   170

TABLE 183            AIR PRODUCTS AND CHEMICALS, INC.:

PRODUCTS/SOLUTIONS/SERVICES OFFERED    171

TABLE 184            AIR PRODUCTS AND CHEMICALS, INC.: DEALS, JANUARY 2021–JULY 2025               172

TABLE 185            ESAB: COMPANY OVERVIEW       174

TABLE 186            ESAB: PRODUCTS/SOLUTIONS/SERVICES OFFERED             175

TABLE 187            ESAB: PRODUCT LAUNCHES, JANUARY 2021–JULY 2025             176

TABLE 188            ESAB: DEALS, JANUARY 2021–JULY 2025  177

TABLE 189            LINDE PLC: COMPANY OVERVIEW           179

TABLE 190            LINDE PLC: PRODUCTS/SOLUTIONS/SERVICES OFFERED             180

TABLE 191            LINDE PLC: DEALS, JANUARY 2021–JULY 2025                 181

TABLE 192            ILLINOIS TOOL WORKS INC.: COMPANY OVERVIEW          183

TABLE 193            ILLINOIS TOOL WORKS INC.: PRODUCTS/SOLUTIONS/SERVICES OFFERED    184

TABLE 194            THE LINCOLN ELECTRIC COMPANY: COMPANY OVERVIEW          186

TABLE 195            THE LINCOLN ELECTRIC COMPANY: PRODUCTS/SOLUTIONS/SERVICES OFFERED    187

TABLE 196            THE LINCOLN ELECTRIC COMPANY: PRODUCT LAUNCHES,

JANUARY 2021–JULY 2025               188

TABLE 197            THE LINCOLN ELECTRIC COMPANY: DEALS, JANUARY 2021–JULY 2025               189

TABLE 198            ADOR WELDING: COMPANY OVERVIEW                 191

TABLE 199            ADOR WELDING: PRODUCTS/SOLUTIONS/SERVICES OFFERED    192

TABLE 200            ADOR WELDING: DEALS, JANUARY 2021 – MAY 2025        193

TABLE 201            TIANJIN BRIDGE WELDING MATERIALS GROUP CO.,LTD.: COMPANY OVERVIEW               194

TABLE 202            TIANJIN BRIDGE WELDING MATERIALS GROUP CO.,LTD.: PRODUCTS/SOLUTIONS/SERVICES OFFERED                 194

TABLE 203            KOBE STEEL, LTD.: COMPANY OVERVIEW                 196

TABLE 204            KOBE STEEL, LTD.: PRODUCTS/SOLUTIONS/SERVICES OFFERED    197

TABLE 205            VOESTALPINE AG: COMPANY OVERVIEW                 198

TABLE 206            VOESTALPINE AG: PRODUCTS/SOLUTIONS/SERVICES OFFERED    199

TABLE 207            VOESTALPINE AG: PRODUCT LAUNCHES, JANUARY 2021–JULY 2025               200

TABLE 208            VOESTALPINE AG: DEALS, JANUARY 2021–JULY 2025        201

TABLE 209            PRECISION CASTPARTS CORP.: COMPANY OVERVIEW          202

TABLE 210            ROLLED ALLOYS              202

TABLE 211            LAIWU JINCAI WELDING MATERIALS CO., LTD.                 203

TABLE 212            ADVANCED TECHNOLOGY & MATERIALS CO., LTD.      203

TABLE 213            HYUNDAI WELDING CO.               204

TABLE 214            ZULFI WELDING ELECTRODES FACTORY CO. LTD.      204

TABLE 215            ATLANTIC CHINA WELDING CONSUMABLES                 205

TABLE 216            FORTIUS METALS            205

TABLE 217            B&H GROUP       206

TABLE 218            ROCKMOUNT    206

TABLE 219            WELDFAST ELECTRODES PVT. LTD.       207

TABLE 220            D&H SÉCHERON               207

TABLE 221            GEDIK WELDING              208

TABLE 222            SUPERON SCHWEISSTECHNIK INDIA      208

TABLE 223            NEXA WELD       209

TABLE 224            WELDING EQUIPMENT, ACCESSORIES, AND CONSUMABLES MARKET,

BY REGION, 2019–2026 (USD MILLION)   210

LIST OF FIGURES

FIGURE 1              WELDING MATERIALS MARKET: MARKETS COVERED AND REGIONAL SCOPE            24

FIGURE 2              WELDING MATERIALS MARKET: RESEARCH DESIGN                28

FIGURE 3              STAKEHOLDERS INVOLVED AND BREAKDOWN OF INTERVIEWS WITH EXPERTS                31

FIGURE 4              MARKET SIZE ESTIMATION: BOTTOM-UP APPROACH         32

FIGURE 5              MARKET SIZE ESTIMATION: TOP-DOWN APPROACH         32

FIGURE 6              MARKET SIZE ESTIMATION: SUPPLY SIDE                 33

FIGURE 7              WELDING MATERIALS MARKET: DATA TRIANGULATION             34

FIGURE 8              ELECTRODES & FILLER MATERIALS TO BE LARGEST TYPE DURING FORECAST PERIOD       36

FIGURE 9              ARC WELDING TO BE FASTEST-GROWING TECHNOLOGY DURING FORECAST PERIOD        37

FIGURE 10            TRANSPORTATION END-USE INDUSTRY TO LEAD WELDING MATERIALS MARKET DURING FORECAST PERIOD                38

FIGURE 11            ASIA PACIFIC MARKET TO GROW AT HIGHEST CAGR BETWEEN 2025 AND 2030 38

FIGURE 12            INCREASING DEMAND FROM TRANSPORTATION INDUSTRY TO DRIVE MARKET DURING FORECAST PERIOD         40

FIGURE 13            CHINA AND ELECTRODES & FILLER MATERIALS SEGMENT ACCOUNTED FOR LARGEST SHARES 41

FIGURE 14            INDIA TO REGISTER HIGHEST CAGR       41

FIGURE 15            DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES IN WELDING MATERIALS MARKET              42

FIGURE 16            GLOBAL AUTOMOBILE SALES DATA, 2019–2024                 43

FIGURE 17            GLOBAL ENERGY CONSUMPTION, 2019–2023                 44

FIGURE 18            CARBON DIOXIDE EMISSIONS FROM ENERGY COMBUSTION AND INDUSTRIAL PROCESSES, 2020–2024                 45

FIGURE 19            TRENDS/DISRUPTIONS IMPACTING CUSTOMER BUSINESS   47

FIGURE 20            WELDING MATERIALS: VALUE CHAIN ANALYSIS                 49

FIGURE 21            ECOSYSTEM MAP             51

FIGURE 22            LIST OF MAJOR PATENTS, 2014–2024        55

FIGURE 23            MAJOR PATENTS, BY COUNTRY, 2014–2024                 56

FIGURE 24            EXPORT DATA RELATED TO HS CODE 3811-COMPLIANT PRODUCTS, BY COUNTRY, 2020–2024 (USD MILLION)            59

FIGURE 25            IMPORT DATA RELATED TO HS CODE 3811-COMPLIANT PRODUCTS, BY COUNTRY, 2020–2024 (USD MILLION)            60

FIGURE 26            WELDING MATERIALS MARKET: PORTER’S FIVE FORCES ANALYSIS           65

FIGURE 27            INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS, BY END-USE INDUSTRY            68

FIGURE 28            KEY BUYING CRITERIA FOR TOP THREE END-USE INDUSTRIES              69

FIGURE 29            INVESTOR DEALS AND FUNDING SCENARIO                 72

FIGURE 30            ARC WELDING TECHNOLOGY SEGMENT TO LEAD MARKET DURING FORECAST PERIOD        75

FIGURE 31            FLUXES & WIRES TO BE FASTEST-GROWING SEGMENT DURING FORECAST PERIOD 79

FIGURE 32            TRANSPORTATION END-USE INDUSTRY TO LEAD MARKET DURING FORECAST PERIOD        84

FIGURE 33            ASIA PACIFIC: WELDING MATERIALS MARKET SNAPSHOT          89

FIGURE 34            NORTH AMERICA: WELDING MATERIALS MARKET SNAPSHOT       101

FIGURE 35            MARKET SHARE ANALYSIS, 2024                 147

FIGURE 36            REVENUE ANALYSIS OF KEY PLAYERS, 2020–2024 (USD BILLION) 148

FIGURE 37            COMPANY VALUATION (USD BILLION) 149

FIGURE 38            FINANCIAL MATRIX: EV/EBITDA RATIO                 149

FIGURE 39            YEAR-TO-DATE PRICE AND FIVE-YEAR STOCK BETA     150

FIGURE 40            WELDING MATERIALS MARKET: PRODUCT/BRAND COMPARISON             150

FIGURE 41            WELDING MATERIALS MARKET: COMPANY EVALUATION MATRIX,

KEY PLAYERS, 2024           152

FIGURE 42            WELDING MATERIALS MARKET: COMPANY FOOTPRINT       153

FIGURE 43            WELDING MATERIALS MARKET: COMPANY EVALUATION MATRIX,

STARTUPS/SMES, 2024   156

FIGURE 44            AIR LIQUIDE: COMPANY SNAPSHOT       167

FIGURE 45            AIR PRODUCTS AND CHEMICALS, INC.: COMPANY SNAPSHOT   171

FIGURE 46            ESAB: COMPANY SNAPSHOT      174

FIGURE 47            LINDE PLC: COMPANY SNAPSHOT           180

FIGURE 48            ILLINOIS TOOL WORKS INC.: COMPANY SNAPSHOT          184

FIGURE 49            THE LINCOLN ELECTRIC COMPANY: COMPANY SNAPSHOT          187

FIGURE 50            ADOR WELDING: COMPANY SNAPSHOT                 192

FIGURE 51            KOBE STEEL, LTD.: COMPANY SNAPSHOT                 196

FIGURE 52            VOESTALPINE AG: COMPANY SNAPSHOT                 199