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.
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.
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.
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.
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.
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.
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 |
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Format |
Electronic (PDF) + Excel |
Market Segmentation |
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Key Countries Covered |
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Companies Profiled |
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Customization Scope |
Available upon Request |
Pricing |
Available upon Request |
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 |
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Application |
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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.
India Welding Consumables Market reached US$ 612 Mn in 2020
India Welding Consumables Market is projected to reach US$ 1.13 Bn by the end of 2031
India Welding Consumables Market is expected to grow at a CAGR of 5.8% during 2021-2031
Expansion of end-use industries such as building & construction and transportation expected to drive India Welding Consumables Market
Key vendors in the India Welding Consumables Market are Voestalpine A G ,Lincoln Electric ,ESAB ,Ador Welding Limited ,Honavar ,Electrodes D&H Sécheron
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)