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U.S. Welding Consumables Industry Overview
The U.S. welding consumables market size is expected to reach USD 2.39 billion by 2028, according to a new report by Grand View Research, Inc. It is expected to expand at a CAGR of 2.3% from 2021 to 2028. The growing demand for the product due to rising automation in welding primarily in the automotive industry is expected to emerge as the primary growth driver for the market over the forecast period.
U.S. Welding Consumables Market Segmentation
Grand View Research has segmented the U.S. welding consumables market on the basis of technology and product:
Based on the Technology Insights, the market is segmented into Arc Welding, Resistance Welding, Oxy-fuel Welding, Laser Beam Welding, Others.
- Arc welding emerged as the largest technology segment in 2020 and accounted for a revenue share of 38.5% in the U.S. market. High penetration of the technology on account of its ease of usage across the building and construction and automotive industries is the key reason driving this technology segment.
- Resistance welding mainly finds application in the automotive industry for various processes, such as spot, projection, and seam welding. These three processes are employed on account of their beneficial characteristics, including stability, low environmental impact, and cost-efficiency.
- Heightening demand for luxury cars in the country has raised the standards for precision welding, with the manufacturers aiming to utilize resistance welding technology to smoothen the joints.
- Oxy-fuel technology is widely utilized for repair works in addition to welding thin metal sheets, small pipes, and tubes. The major advantage of oxy-fuel welding technology is that the welder can control the heat input and temperature irrespective of how much filler metal is added.
Based on the Product Insights, the market is segmented into Stick Electrodes, Solid Wires, Flux-cored Wires, Saw Wires Fluxes, Others.
- In 2020, stick electrodes held the largest revenue share of 35.7% in the U.S. market. Extensive use of the product as filler materials for joining two different metals is expected to drive the segment.
- Increasing infrastructural projects are expected to increase the demand for stick electrodes in the country. For instance, the Southwest Florida International Airport has invested USD 250 million for terminal expansion, which would cater to various checkpoints and check-in areas that require blocks and metals to be welded and fixed at a certain point. This is expected to raise the demand for welding services, thereby adding growth to the industry in the U.S.
- The flexibility and ruggedness of solid wires are the key properties that increase their utility in application areas, such as house electrical wiring and breadboards, which require flexible wires. Moreover, ascending demand for in-house electrical wiring and breadboard applications has boosted the consumption of solid wires.
- Saw wires and fluxes are widely utilized in application areas, such as exploration platforms, pressure vessels, fabrication of offshore drilling platforms, and post-weld heat treatment. These are extensively employed in offshore construction, pressure vessels construction, and others.
Key Companies Profile Market Share Insights
Key industry players are engaged in the manufacturing and distribution of a variety of welding consumables, including stick electrodes, solid wires, flux-cored wires, and saw wires fluxes.
Some prominent players in the U.S. welding consumables market include
- Voestalpine
- The Lincoln Electric Company
- Obara Corporation
- Kiswel, Inc.
- Colfax Corporation
- Air Liquide Welding, Ltd.
Order a free sample PDF of the U.S. Welding Consumables Market Intelligence Study, published by Grand View Research.
About Grand View Research
Grand View Research, U.S.-based market research and consulting company, provides syndicated as well as customized research reports and consulting services. Registered in California and headquartered in San Francisco, the company comprises over 425 analysts and consultants, adding more than 1200 market research reports to its vast database each year. These reports offer in-depth analysis on 46 industries across 25 major countries worldwide. With the help of an interactive market intelligence platform, Grand View Research Helps Fortune 500 companies and renowned academic institutes understand the global and regional business environment and gauge the opportunities that lie ahead.
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Corporate Sales Specialist, USA
Grand View Research, Inc.
Phone: 1-415-349-0058
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Email: sales@grandviewresearch.com
