India Welding Consumables Market

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

India Welding Consumables Market – Segmentation

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

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.