Welding Consumables Market Size - By Type, By Material Type, By End Use Industry, By Distribution Channel, Growth Forecast, 2025 - 2034

Welding Consumables Market Size

The global welding consumables market was valued at USD 10.7 billion in 2024 and is projected to grow at a CAGR of 5.2% between 2025 and 2034, due to the surge in infrastructure and construction projects along with the adoption of automation and robotics. The market is also driven by rising demand for ecofriendly welding consumable and expansion of automotive sectors across the emerging regions.
 

With increased urbanization and disposable income in the developing nations, large investment is anticipated in the infrastructure industry. Not only in the construction industry, the industrial sector in developing nations is also on the rise and growing at a healthy pace. Since welding is an integral part of construction and industrial sectors, growth in these sectors is anticipated to drive consumption and as a result it is directly boosting market growth.
 

Advancement in welding technology boosting the overall welding consumable market. Manufacturers are developing innovative consumable such as steel plates to cater for the rising market demand for tensile strength, toughness in cryogenic use and corrosion resistance. Automotive industry is experiencing robust growth in developed and developing nations because of economic growth, increasing population and infrastructure investment in these countries. In addition, the automotive industry is experiencing an increase in the application of welding processes, with increasing demand for customized products. Thus, automobile sector demand will encourage growth in the welding consumables market.
 

With growing demand for energy across the globe due to population growth, industrialization, and mobility, there will be an increase in oil and natural gas pipeline infrastructure. Welding is a crucial part of oil and natural gas pipeline infrastructure, as the transportation of these fuels involves joining numerous pipes through welding. Therefore, with growing demand for energy owing to population growth, industrialization, and mobility, investments in the oil and gas sector fuel the market growth.
 

Welding Consumables Market Trends

• Development of high-level welding methods is one of the emerging significant stainless steel welding trends. Processes such as pulsed gas metal arc welding (GMAW-P) and laser welding are gaining popularity due to their high accuracy and efficiency. The processes offer better control over overheating and weld penetration, resulting in cleaner and stronger welds.
   
• Improvements in welding electrode technology are consistently boosting the performance of stainless-steel electrodes. Newly developed formulations and coatings are being employed to increase arc stability, reduce spatter, and increase overall weld quality. These premium-quality electrodes are designed to tackle the demands of modern welding applications, delivering reliable and long-lasting results.
   
• The development of new welding consumables, including flux-cored stainless-steel electrodes and mild steel welding electrodes, is transforming the overall welding industry. These consumables are developed to increase deposition rates, minimize spatter, and create better weld appearance. With these advanced consumables, welders can produce greater productivity and better quality.
   

Welding Consumables Market Analysis

Based on the product type, the market is divided into electrodes, fluxes, gases, filler metals and others. In 2024, filler metals dominated the market, generating revenue of USD 3.5 billion and expected to grow at a CAGR of over 5.6% during 2025 to 2034.
 

• Filler metal manufacturers continue to introduce products into the marketplace to help companies maintain pace with changes and address challenges from welding wires offering improved mechanical and chemical properties to ones capable of producing results more efficiently and at higher welding speeds, and more. Various industries, like pipeline installation, heavy machinery production and offshore fabrication are shifting towards utilization of higher strength materials.
   
• Electrodes were simple, with little functionality and flexibility in recent times they are made to fit specific welding purposes, with greater performance and efficiency. The future of welding electrode technology holds even more specialized solutions, with emphasis on material innovation, automation, and sustainability.
   
• One of the strongest trends in welding electrode technology is new materials. The old electrodes were mostly carbon steel, but today the industry is experiencing a transition to more refined materials like stainless steel, aluminum, and nickel alloys. These materials provide superior corrosion resistance, increased strength, and improved weld quality, and thus they are best suited for many applications, particularly in aerospace and automotive industries.

Based on end use industry, the welding consumables market is segmented into construction, automobile, energy, shipbuilding, aerospace, heavy engineering and others. In 2024, the construction segment dominates 21% market share and is expected to grow at a CAGR of over 5.9% from 2025 to 2034.
 

• The construction industry employs a very large quantity of metals. In the United States alone, more than 40 million tons of steel are used annually in the construction industry. Most of this quantity is used to create structural frameworks. This is where welding plays an indispensable role in construction.
   
• Welding technologies are widely used in the construction industry, mainly for the fabrication of structurally sound metal frameworks by fusing various metals components. It is also used to create and maintain non-structural components. Some of the welding used for construction is prefabricated in a shop environment while other parts of the welding process are done on-site.
   
• The construction industry is seeing increased use of high-strength alloys and composite materials that require specialized welding techniques. Technologies like laser welding and friction stir welding are gaining popularity for their precision and ability to work with these advanced materials.
   

Based on the distribution channel, the welding consumables market is segmented into direct sales and indirect sales. In 2024, the indirect sales segment dominates the market.
 

• Major buyers need customized solutions and technical support, and direct sales are necessary to address customized requirements. Joint ventures between manufacturers and big industries like construction, automobile, aviation are common, which ensures a continuous supply of specialized consumables.
   
• The availability of online platforms has increased the access of welding consumables to SMEs and end-users. Distributors are responsible for widening market coverage, particularly in areas with varied industrial requirements. Indirect channels guarantee access to a diverse array of consumables, ranging from plain to specialty, to different customer groups.

In terms of country, the United States led the welding consumables market with about 77% share of the North America and was valued at USD 1.9 billion in 2024.
 

• The expansion of the U.S. market is primarily driven by surge in infrastructure and construction projects along with the adoption of automation and robotics. The market is also driven by rising demand for ecofriendly welding consumable and expansion of automotive sectors across the emerging regions. 
   
• Industrial automation in U.S. manufacturing is a major driving force, with increasing usage of automated production lines, robot systems, and material handling systems driving demand for high-accuracy welding solutions.
   
• Besides robots, the North America manufacturing facilities utilize cobots. The welding cobot or collaborative welding robot is a cobot that is meant to aid human welders in welding. It is fitted with sensors and programming to enable it to collaborate with human welders without safety barriers or cages.
   
• According to the International Council on Clean Transportation, U.S. sales of new electric light-duty vehicles hit approximately 1.4 million in 2023, a rise from nearly 1 million in 2022, translating to a sales share of roughly 9%. The electric vehicle market's growth varied across states nationwide. 
   

The Europe welding consumables industry was valued at USD 2 billion in 2024 and is projected to grow at a CAGR of 4.8% between 2025 and 2034.
 

• Increasing trends toward manufacturing automation, boom in the automotive sector, increasing construction activities along with demand for heavy-duty machinery are the factors significantly propelling the growth of European welding consumables market.
   
• According to the European Automobile Manufacturers Association, global car sales grew by nearly 10% in 2023, exceeding 72 million units, as supply chain issues eased. 18.6% growth in European sales was fueled by expansion in both EU and Eastern European markets.
   
• Russia and Ukraine, after declining sharply in 2022, demonstrated significant growth, while Türkiye experienced a 63.2% jump, coming close to one million units sold.
   

The Asia Pacific welding consumables market was valued at USD 4.5 billion in 2024 and is projected to grow at a CAGR of 5.7% between 2025 and 2034.
 

• The Indian welding industry was dominated by low technology and very rare technological innovation. However, in recent years, the demand for automatic and semi-automatic welding electrode production machines has been rising. Simultaneously, low budgets and recession have marked the ongoing popularity of manual, economical techniques.
   
• Increased FDI equity inflow in India has contributed to the rise in projects in offshore activities, oil and gas sector, aerospace and heavy machinery industries. Many foreign automobile companies have set up their manufacturing units in India. This has positively affected the rise in consumable and welding equipment.
   
• One of the big challenges faced by the local manufacturers in India is the considerable import of welding consumable. The increased imports have negatively impacted on the market share of local participants in various industries such as shipbuilding, automotive and transportation and white appliances.
   

The Middle East and Africa welding consumables market was valued at USD 1.1 billion in 2024 and is projected to grow at a CAGR of 4.6% between 2025 and 2034.
 

• Increase in the manufacturing sector, together with growth in the development of commercial and residential complexes, is one of the most crucial factors generating a positive scenario in the market of Saudi Arabia.
   
• Numerous emerging technologies, including the advancements of automated and laser-based welding technologies, are giving a boost to the growth of the market. These innovative welding technologies are widely used for the manufacturing of automobiles with enhanced safety and fuel efficiency.
   
• Moreover, increasing investments in the oil and gas industry is also contributing to market growth. The SAW wired fluxes are used with weld pools to manufacture high-quality offshore drilling platforms. Other factors, including extensive infrastructural developments and rapid industrialization, are expected to drive the market further across the country.  
   

Welding Consumables Market Share

• The top five companies in the welding consumables industry are Kobe Steel, Lincoln Electric, ESAB, Hobart Welding Products, Miller Electric and they collectively hold a share of 20%-25% in the market.
   
• These companies continue to acquire and merge with others, expand facilities, and make various collaborations to increase their product offerings, access customer bases, and secure their market positions.
   
• ESAB reported first quarter sales of $678 million, a decrease of 2% on a reported basis or flat on a core organic growth basis before acquisitions and currency translation, as compared to the prior year. ESAB also reported first quarter net income from continuing operations attributable to ESAB of $70 million or $1.14 diluted earnings per share and core adjusted net income of $77 million or $1.25 diluted earnings per share.
   
• Lincoln Electric Holdings reported in the fourth quarter of 2024 a net income of $140.2 million, this compares with the prior year period’s net income of $156.6 million. Net income for the twelve months was $466.1 million. Sales decreased 4.4% to $4,008.7 million in the twelve months, reflecting a 6.5% decrease in organic sales and a 2.5% benefit from acquisitions.
   

Welding Consumables Market Companies

Major players operating in the welding consumables industry are:

• Ador Welding
• Berkenhoff 
• D&H Secheron
• Diffusion Engineers
• ESAB
• EWM
• Hilco Welding
• Hobart Welding Products
• Hyundai Welding
• Kobe Steel
• Lincoln Electric
• Miller Electric
• Nouveaux 
• Panasonic
• Welding Alloys
   

To improve the product and market share key players are constantly investing in technological activities and are also entering into partnerships to provide improved and better solutions for the customers. These investments are benefiting both companies and customers as they help develop and offer solutions as per the changing technological trends and thus the customer requirements.
 

In the first quarter of 2025, the ESAB entered into an agreement to acquire Bavaria Schweisstechnik, a European business, which strengthens ESAB consumables portfolio. This acquisition is expected to close in 2025, subject to the receipt of applicable regulatory approvals and customary closing conditions.
 

EWM Group has announced it is including Munich-based holdings company Armira in the company group as an additional shareholder. Through cooperation with Armira, EWM has created a secure future for both employees of the EWM family and its locations.
 

Welding Consumables Industry News

• In May 2025, Panasonic Smart Factory Solutions India (PSFSIN), a division of a global leading diversified technology company - Panasonic Life Solutions India (PLSIND) launched its next-generation welding solution portfolio, including the Welding Power Source (YD-400AT3DJU) and Water-Cooling Unit (YX-09KJ1DJF).
   
• In February, Novarc Technologies entered a strategic partnership with Miller Electric to revolutionize welding automation through artificial intelligence (AI). The collaboration aims to introduce next-generation AI-powered welding solutions designed to enhance productivity, address labor shortages, and improve precision in industries such as shipbuilding, heavy equipment manufacturing, and construction.
   
• In May 2024, ESAB announced that it has entered into an agreement to acquire Linde Industries Private Limited (LIPL). LIPL is a market leader in welding consumables and equipment in Bangladesh.
   

The welding consumables market research report includes in-depth coverage of the industry with estimates & forecasts in terms of revenue (USD Billion) and volume (Million Units) from 2021 to 2034, for the following segments:

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Market, By Type

• Electrodes
  • Shielded metal arc welding electrodes
  • Gas metal arc welding electrodes
  • Others 
• Fluxes
  • Submerged arc welding flux
  • Oxy-fuel welding flux
  • Others (brazing flux etc.)
• Gases
  • Shielding Gases
  • Backing Gases
  • Others
• Filler metals
  • Solid wire
  • flux-cored wire
  • Metal cored wire
  • Welding rods
  • Others (specialty filler metals etc.)
• Others

Market, By Material Type

• Mild steel
• Stainless steel
• Aluminum
• Nickel alloys
• Copper alloys
• Others (cobalt alloys etc.)

Market, By End Use Industry

• Construction
• Automobile
• Energy
• Shipbuilding
• Aerospace
• Heavy engineering
• Others (defense etc.)

Market, By Distribution Channel  

• Direct sales
• Indirect sales

The above information is provided for the following regions and countries:

• North America
  • U.S.
  • Canada
• Europe
  • UK
  • Germany
  • France
  • Italy
  • Spain
  • Russia
• Asia Pacific
  • China
  • India
  • Japan
  • South Korea
  • Australia
• Latin America
  • Brazil
  • Mexico 
• MEA
  • UAE
  • Saudi Arabia
  • South Africa