According to the latest report by IMARC Group, titled “India Welding Consumables Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026”, the India welding consumables market is currently witnessing moderate growth during 2015-2020. Looking forward, IMARC Group expects the market to witness moderate growth during 2021-2026. Welding consumables refer to diverse flux and filler metals used for combining metals and thermoplastics through welding. The flux prevents the oxidation of metals, whereas the filler materials are melted to fix joints in objects. Some commonly employed welding consumables include flux-cored wires, stick electrodes, and submerged arc welding (SAW) wires. These are usually manufactured using nickel, iron, steel, copper, aluminum, brass, bronze, rutile and other coating materials. Welding consumables are extensively applied across the construction, energy, automotive, transportation and marine industries.
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
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Market Trends and Drivers:
The thriving manufacturing industry in India is majorly driving the welding consumables market growth. This can be attributed to rapid industrialization and urbanization, resulting in an increasing demand for improved infrastructural facilities across the country. In line with this, the growing sales of automobiles have intensified the use of laser and ultrasonic welding techniques in the manufacturing of electric, lightweight and high-quality vehicle parts, which is supporting the market growth. Moreover, the widespread adoption of the material in the expanding energy sector for conducting power plant maintenance activities and manufacturing on-site storage tanks are creating a positive outlook for the market in the country.
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Key Market Segmentation:
Breakup by Product:
- Stick Electrodes
- Solid Wires
- Flux Cored Wires
- SAW Wires and Fluxes
Breakup by Welding Technique:
- Arc Welding
- Resistance Welding
- Oxyfuel Welding
- Ultrasonic Welding
Breakup by End Use Industries:
- Industrial Equipment
Breakup by Region:
- North India
- West and Central India
- South India
- East India
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
Key highlights of the Report:
- Market Performance (2015-2020)
- Market Outlook (2021-2026)
- COVID-19 Impact on the Market
- Porter’s Five Forces Analysis
- Historical, Current and Future Market Trends
- Market Drivers and Success Factors
- SWOT Analysis
- Structure of the Market
- Value Chain Analysis
- Comprehensive Mapping of the Competitive Landscape
Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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