Welding Materials Market Outlook (2023 to 2033)

The global welding materials market size is anticipated to surpass US$ 24.7 billion by 2033. It is estimated to record a steady CAGR of 4.9% in the review period 2023 to 2033. It is likely to exceed a valuation of US$ 15.2 billion in 2023.

The welding materials market has witnessed significant growth due to their surging demand in industries, including offshore exploration, shipbuilding, oil & gas, aerospace pillar, automotive, construction, and energy. Demand for welding materials is also set to be driven by consumer preference for automated equipment over manual ones.

The United States is one of the leading automotive markets in North America. It is exhibiting high consumption of welding materials from established manufacturers such as Toyota, Ford, GM, Nissan, and Chevrolet.

Continuous improvements, growth of advanced manufacturing methods, and advancement in technology are projected to aid in overcoming challenges. Submission of standard and precise welding techniques is also expected to contribute to development of the welding materials market.

The federal government's increasing defense spending is expected to surge domestic production of warships, patrol vehicles, and submarines. Growing use of large ships as they replace older models is projected to have a positive impact on development of the domestic shipbuilding industry.

Such trends are expected to drive welding material demand. These might play an important role in assembling ships, as well as performing ship maintenance and repair operations.

The global auto industry is expected to experience double-digit growth by 2033. According to the Economist Intelligence, commercial vehicle sales will grow 16% in 2021, after a 16% decline in 2020. Growing demand for automobiles worldwide is expected to surge the need for these vehicles.

Continuous developments in automation, welding technology, as well as research and development have pushed sales in welding materials market. Industries are refining welding effectiveness by replacing manual equipment with semi-automatic and fully automatic equipment to reduce costs & increase efficiency.

Attributes Key Insights
Welding Materials Market Size (2022A) US$ 14.4 billion
Welding Materials Market Estimated Size (2023E) US$ 15.2 billion
Projected Welding Materials Market Valuation (2033F) US$ 24.7 billion
Value-based CAGR (2023 to 2033) 4.9%

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Historical Performance of Welding Materials Market

The global welding materials market registered an astonishing CAGR of 6.2% in the historical period between 2018 and 2022. It is anticipated to rise at a decent CAGR of 4.9% in the assessment period.

Historical Value (2022) US$ 14.4 billion
Historical CAGR (2018 to 2022) 6.2%

The welding industry has seen noteworthy technological advancements in materials, equipment, and techniques. These advances have helped to improve the efficiency, quality, and safety of welding processes. For instance, development of advanced welding materials such as flux core wire, solid wire, and special electrodes has improved welding performance.

Automated and robotic welding systems have become prominent in the market, particularly for high-volume and repetitive welding tasks. This trend not only improves welding accuracy but also helps to solve labor shortages and increase productivity.

Environmental concerns have led to growth of more environmentally friendly welding materials and procedures. Manufacturers might focus on reducing emissions, lowering waste generation, and using materials with less impact on the environment.

The energy sector, which includes oil & gas, nuclear, and renewable energy, is a key driver of welding material demand. Piping, offshore works, and renewable energy installations require specialized welding materials to withstand severe operating conditions.

Infrastructure projects such as construction of bridges, buildings, and transportation systems have contributed to expansion of welding materials market. These materials play an important role in safeguarding the structural integrity and security of new projects.

Economic fluctuations and changes in manufacturing across regions have affected welding material demand. During periods of economic development, construction, and manufacturing activities often increase, leading to a higher demand for welding materials.

Latest Trends, Hindrances, and Opportunities in Welding Materials Market

Attributes Key Factors
Latest Trends
  • Advanced alloys: Demand for advanced alloys such as stainless steel, nickel alloy, and high-strength steel continues to increase. These materials bid for corrosion resistance, improve mechanical properties, and are suitable for specific applications including aerospace, automotive, and energy industries.
  • Focus on lightweight materials: Sectors such as automotive and aerospace are increasingly focusing on lightweight materials to improve performance and fuel efficiency. Welding materials compatible with light metals such as aluminum and titanium are in high demand.
  • Environmentally friendly solutions: Environmental concerns have led to growth of more sustainable and environmentally friendly welding materials and processes. This includes consumable materials and low-emission technologies that reduce waste and ecological impact of welding operations.
  • Automation and Robotics: Robotic welding and automation systems are becoming more complex and accessible. They offer improved accuracy, efficiency, and safety during welding. Integration of sensors and AI technology further enhances automation.
  • Digitizing and analyzing data: Welding materials industry is progressively adopting digital solutions for procedure optimization and quality control. Real-time monitoring and data analysis help monitor welding parameters, detect defects, and ensure consistent quality in production.
  • Applications in the energy sector: Energy industry, including oil & gas, renewable energy, and nuclear power, requires welding materials that can withstand extreme conditions.
Growth Hindrances
  • Labor shortage: Welding sector is facing challenges related to lack of qualified welders and technicians. This shortfall can affect productivity and lead to augmented labor costs.
  • Health and safety concerns: Welding includes the use of high-temperature equipment and produces fumes & gases that can be hazardous to health. Stringent health and safety regulations require better ventilation, protective equipment, and development of welding materials that emit less toxic fumes.
  • Technological complexity: While technological advancements bring several benefits, they create complications. Adoption of new welding materials, innovative techniques, and automation systems requires training and investment.
  • Cost factor: Cost of welding materials, gear, and labor can be substantial. Economic fluctuations and raw material costs can affect the total cost of a welding operation.
Upcoming Opportunities
  • Supply chain dynamics: Globalization of production and supply chains is affecting the availability and cost of welding materials. Manufacturers are looking to diversify their suppliers and ensure supply chains are resilient to disruptions.
  • Regulatory compliance and security: Occupational safety regulations endure to shape the welding materials market. There is a rising demand for materials that emit less harmful fumes and offer improved protection for welders.
  • Research and development: Continuous research and development efforts lead to growth of innovative welding materials that meet emerging industry needs. This includes materials for new applications, improved splicing technology, and improved performance.
Nikhil Kaitwade
Nikhil Kaitwade

Principal Consultant

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Country-wise Insights

Below table explains the welding materials market size and CAGRs of the top 5 countries for 2033. Among them, China is anticipated to remain at the forefront by crossing a valuation of US$ 4.5 billion.

The United States is also projected to exhibit a similar CAGR over the forecast period. However, the country is expected to surpass around US$ 4.2 billion by 2033, which is less than China. The United States is anticipated to be followed by Japan with a value of US$ 3.4 billion.

Country Market Value (2033)
United States US$ 4.2 billion
United Kingdom US$ 787.4 million
China US$ 4.5 billion
Japan US$ 3.4 billion
South Korea US$ 1.1 billion

In the table below, CAGRs of top 5 countries are given for the review period 2023 to 2033. Out of these, China and the United States are expected to remain dominant by exhibiting a CAGR of 4.9%. Japan and the United Kingdom are likely to follow with CAGRs of 4.8% and 4.7%, respectively.

Country Value-based CAGR (2023 to 2033)
United States 4.9%
United Kingdom 4.7%
China 4.9%
Japan 4.8%
South Korea 4.6%

Construction and Manufacturing Activities in the United States to Boost Demand

The United States welding materials market is projected to reach US$ 4.2 billion in the forecast period. It expanded at a CAGR of 6.1% in the historical period. The country has always been the leading market for welding electrodes due to development of manufacturing, construction, and energy industries.

Demand for welding materials is closely linked to economic movement, with periods of economic development leading to augmented construction and manufacturing activity. This is further expected to drive demand for welding materials. Growing demand for electric cars and hybrid cars is also estimated to benefit sales in the welding materials market.

Changing preferences toward personalization and maintaining vehicle quality & fuel economy are likely to increase the frequency of vehicle maintenance & repair activities. It is expected to drive welding material sales in the United States.

Automobile manufacturers in the United States attract the most foreign direct investment (FDI) in the automotive sector. Process innovation, research & development improvements, and growth of automobile production are expected to drive the welding materials market.

The country is also marked by the presence of global automakers, including Volkswagen, BMW, and Mercedes. They are working to increase annual production, thereby boosting demand in the welding materials market.

Surging Production of Automobiles to Fuel Sales in the United Kingdom

The United Kingdom welding materials market is projected to be valued at US$ 787.4 million by 2033. It expanded at a CAGR of 5.6% in the historical period.

Focus of the government has been on sustainable infrastructure development related to railways, urban mass transit, power generation, oil & gas, and renewable energy production. It is expected to help meet the needs of welding consumables from the growing population.

Demand for welding materials in the United Kingdom is also driven by increased automobile production. Growing demand for passenger cars, mainly in untapped areas, is set to create new opportunities. The government is progressively investing in refining and expanding industrial infrastructure.

Increasing Infrastructure and Consumer Goods Demand in China to Push Sales

China welding materials market is projected to cross a value of US$ 4.5 billion by 2033. It expanded at a CAGR of 6.0% in the historical period. It is the leading and prominently growing welding materials market in the world.

The country's booming manufacturing sector, developed infrastructure, and growing demand from several industries are contributing to sales in the welding materials market. China's automotive industry continues to increase, so does demand for welding materials used in the manufacturing, assembly, and repair of vehicles.

China invests in research and development, which might lead to advances in welding technology, materials, and automation. Acceptance of new technologies such as automation systems and robotics is expected to boost the specialized welding materials market.

China's role as a key exporter of manufactured goods might have an impact on the global welding materials market. As the country’s products are exported to several regions, welding material sales might remain high as they are used in production.

China's focus on renewable energy and green technology presents opportunities for welding materials market. This might be applicable in areas such as solar energy, wind power, and electric vehicle manufacturing.

Consumer Electronics Companies in Japan to Demand Welding Equipment

Japan welding materials market is projected to top a valuation of US$ 3.4 billion by 2033. It expanded at a CAGR of 6.0% in the historical period.

Japan has a thriving manufacturing industry and demand for welding materials is tied to segments such as electronics, automotive, machinery, and infrastructure development. The country's emphasis on quality, precision, and advanced technology impacts the choice of materials and welding processes.

Japan's electronics and precision businesses play an important role in the welding materials market. Production of electronic components, semiconductor devices, and precision machinery needs precise & reliable soldering processes. These often make use of specialized materials, which is set to push the welding materials market.

The aerospace sector, although not as large as industries such as automotive and electronics, still contributes to high welding material sales. Manufacturing aerospace components and structures need materials that can withstand extreme conditions.

Government regulations and incentives related to quality, emissions, and workplace safety standards are shaping the market for welding materials. Compliance with these rules is expected to lead to the application of specific materials and techniques in Japan.

Precision Engineering Firms in South Korea to Support Welding Safety

South Korea welding materials market is estimated to exceed a valuation of US$ 1.1 billion by 2033. It expanded at a CAGR of 5.1% in the historical period.

South Korea is known for its advanced manufacturing capacity and technological innovation. The country's emphasis on precision engineering, electronics, and high-tech industries is set to augment demand for innovative welding materials and techniques.

Similar to other industrialized countries, the automotive sector is a key driver of the welding materials market in South Korea. Production of automobiles, auto parts, and components requires a wide range of welding consumables to meet industry standards & specifications.

South Korea is also a country with a huge role in the field of shipbuilding and global marine engineering. These industries rely deeply on welding materials for shipbuilding, offshore rigs, and marine infrastructure. Its continued efforts in infrastructure development, urbanization, and modernization might contribute to increasing demand for welding materials.

South Korea's focus on research and innovation is also expected to propel demand for new welding materials and technologies. Local manufacturers are set to continuously strive to improve the performance, efficiency, and environmental impact of materials.

Category-wise Insights

The table below signifies leading sub-categories under type and technology categories in the welding materials market. Electrode and filler materials are expected to dominate the market for welding materials by exhibiting 4.7% CAGR in the evaluation period. Under the technology segment, the arc welding category is projected to lead the global welding materials market at a 4.5% CAGR.

Category Forecast CAGR (2023 to 2033)
Electrode & Filler Materials (Type) 4.7%
Arc Welding (Technology) 4.5%

Arc Welding Technology to Gain High Popularity Worldwide

Based on technology, the arc welding category is projected to account for the most significant welding materials market share through 2033. It registered an average CAGR of 5.8% from 2018 to 2022.

Arc welding technology is increasingly being used due to features such as flexibility and ability to work in all conditions. Continued growth of robotic arc welding is a key factor driving the segment in the welding materials industry.

Arc welding is often used in the automotive sector for procedures such as projection, spot, and seam welding. These three types of welding processes are deployed due to their beneficial properties.

High stability, cost-effectiveness, and low environmental impact are three of the most significant properties. Increasing resistance welding demand from the automotive and transportation sectors is expected to drive the welding materials market by 2033.

Arc welding technology is in high demand in applications such as transportation & automation, mold manufacturing, and full-body welding. Continuous innovation in laser technology might also play a significant role. Ability to weld hard-to-reach areas and small parts would further push development of new welding materials.

Electrode and Filler Welding Equipment to be Mainly Preferred Globally

In terms of type, electrode & filler materials are expected to generate lion’s share in the welding materials market by 2033. It expanded at 6.0% CAGR in the historical period from 2018 to 2022.

Electrode materials and fillers are considered essential components in the welding procedure. Their ability to be used to join metals together by creating strong bonds between the base metals might expand demand. Choice of electrode and filler material might depend on aspects such as the type of metal being welded, as well as the welding technique.

Due to fast welding time, high efficiency, and low welding cost, this segment is expected to propel the welding materials market. Rapid adoption of this equipment in several end-use industries such as construction, automotive, and aerospace is also expected to drive sales.

Electrode materials and fillers surge productivity, reduce cycle times, and increase efficiency. In addition, weld quality can be enhanced by eliminating human participation in the welding process.

It is expected to help in minimizing the risk of human error. In the fully automatic welding process, there is no human involvement, which reduces labor costs.

Selection of electrode materials and fillers is critical to achieving high-quality welds with anticipated mechanical & performance characteristics. Diverse welding processes and applications might need specific electrodes and filler materials to ensure optimal results, thereby augmenting demand.

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Competitive Landscape

Key welding materials market players are presenting new and improved products in the market to meet the rising demand. Global companies are entering new markets in emerging regions to expand their consumer base and strengthen their presence.

Welding material suppliers are also adopting several strategies, including mergers, acquisitions, joint ventures, new product development, and geographic expansion. They are doing so to improve market penetration and meet industry requirements.

For instance,

  • In July 2022, Lincoln Electric Company introduced POWER MIG 215, a dual-input multi-processor welder.
  • In March 2022, Fronius introduced iWave, its new multi-process welding system. It is a premium, intelligent series that would help to set new standards in terms of connectivity.
  • In 2020, Voestalpine Bohler acquired Selco s.r.l. to execute a growth strategy to serve consumers better and win profitable business.

Scope of the Report

Attribute Details
Estimated Welding Materials Market Size (2023) USD 15.2 billion
Projected Welding Materials Market Valuation (2033) USD 24.7 billion
Value-based CAGR (2023 to 2033) 4.9%
Historical Data 2018 to 2022
Forecast Period 2023 to 2033
Quantitative Units Value (USD billion)
Segments Covered Type, End Use, Technology
Regions Covered North America; Latin America; East Asia; South Asia Pacific; Western Europe; Eastern Europe; Middle East & Africa
Key Countries Covered United States, Canada, Brazil, Mexico, Germany, Italy, France, United Kingdom, Spain, Russia, GCC Countries, India, China, Japan, and Australia
Key Companies Profiled Ador Welding Ltd; Air Liquide SA; Air Products and Chemicals, Inc.; Colfax Corporation
Report Coverage Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends and Pricing Analysis

Welding Materials Market Outlook by Category

By Type:

  • Electrode & Filler Materials
  • Fluxes & Wires
  • Gases

By Technology:

  • Arc Welding
  • Resistance Welding
  • Oxy-fuel Welding
  • Other Technologies

By End Use:

  • Transportation
  • Building & Construction
  • Heavy Industry
  • Other End Uses

By Region:

  • North America
  • Latin America
  • Western Europe
  • Eastern Europe
  • South Asia and Pacific
  • East Asia
  • Middle East and Africa

Frequently Asked Questions

How big is the welding materials market?

The welding materials market is likely to top US$ 24.7 billion in 2033.

What is the future of the welding materials market?

The welding materials market is set to expand at 4.9% CAGR from 2023 to 2033.

What type of welding material is in high demand?

Electrode and filler materials segment might witness a 4.7% CAGR from 2023 to 2033.

What is the latest technology for welding?

Arc welding technology is expected to show 4.5% CAGR from 2023 to 2033 and dominate.

Who are the key players in the welding materials market?

Ador Welding Ltd, Air Liquide SA, and Air Products & Chemicals, Inc. are key players.

Table of Content

1. Executive Summary

    1.1. Global Market Outlook

    1.2. Demand-side Trends

    1.3. Supply-side Trends

    1.4. Technology Roadmap Analysis

    1.5. Analysis and Recommendations

2. Market Overview

    2.1. Market Coverage / Taxonomy

    2.2. Market Definition / Scope / Limitations

3. Market Background

    3.1. Market Dynamics

        3.1.1. Drivers

        3.1.2. Restraints

        3.1.3. Opportunity

        3.1.4. Trends

    3.2. Scenario Forecast

        3.2.1. Demand in Optimistic Scenario

        3.2.2. Demand in Likely Scenario

        3.2.3. Demand in Conservative Scenario

    3.3. Opportunity Map Analysis

    3.4. Product Life Cycle Analysis

    3.5. Supply Chain Analysis

        3.5.1. Supply Side Participants and their Roles

            3.5.1.1. Producers

            3.5.1.2. Mid-Level Participants (Traders/ Agents/ Brokers)

            3.5.1.3. Wholesalers and Distributors

        3.5.2. Value Added and Value Created at Node in the Supply Chain

        3.5.3. List of Raw Material Suppliers

        3.5.4. List of Existing and Potential Buyer’s

    3.6. Investment Feasibility Matrix

    3.7. Value Chain Analysis

        3.7.1. Profit Margin Analysis

        3.7.2. Wholesalers and Distributors

        3.7.3. Retailers

    3.8. PESTLE and Porter’s Analysis

    3.9. Regulatory Landscape

        3.9.1. By Key Regions

        3.9.2. By Key Countries

    3.10. Regional Parent Market Outlook

    3.11. Production and Consumption Statistics

    3.12. Import and Export Statistics

4. Global Market Analysis 2018 to 2022 and Forecast, 2023 to 2033

    4.1. Historical Market Size Value (US$ billion) & Volume (Units) Analysis, 2018 to 2022

    4.2. Current and Future Market Size Value (US$ billion) & Volume (Units) Projections, 2023 to 2033

        4.2.1. Y-o-Y Growth Trend Analysis

        4.2.2. Absolute $ Opportunity Analysis

5. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Type

    5.1. Introduction / Key Findings

    5.2. Historical Market Size Value (US$ billion) & Volume (Units) Analysis By Type, 2018 to 2022

    5.3. Current and Future Market Size Value (US$ billion) & Volume (Units) Analysis and Forecast By Type, 2023 to 2033

        5.3.1. Electrode & Filler Materials

        5.3.2. Fluxes & Wires

        5.3.3. Gases

    5.4. Y-o-Y Growth Trend Analysis By Type, 2018 to 2022

    5.5. Absolute $ Opportunity Analysis By Type, 2023 to 2033

6. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Technology

    6.1. Introduction / Key Findings

    6.2. Historical Market Size Value (US$ billion) & Volume (Units) Analysis By Technology, 2018 to 2022

    6.3. Current and Future Market Size Value (US$ billion) & Volume (Units) Analysis and Forecast By Technology, 2023 to 2033

        6.3.1. Arc Welding

        6.3.2. Resistance Welding

        6.3.3. Oxy-fuel Welding

        6.3.4. Other Technologies

    6.4. Y-o-Y Growth Trend Analysis By Technology, 2018 to 2022

    6.5. Absolute $ Opportunity Analysis By Technology, 2023 to 2033

7. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By End Use

    7.1. Introduction / Key Findings

    7.2. Historical Market Size Value (US$ billion) & Volume (Units) Analysis By End Use, 2018 to 2022

    7.3. Current and Future Market Size Value (US$ billion) & Volume (Units) Analysis and Forecast By End Use, 2023 to 2033

        7.3.1. Transportation

        7.3.2. Building & Construction

        7.3.3. Heavy Industry

        7.3.4. Other End Uses

    7.4. Y-o-Y Growth Trend Analysis By End Use, 2018 to 2022

    7.5. Absolute $ Opportunity Analysis By End Use, 2023 to 2033

8. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Region

    8.1. Introduction

    8.2. Historical Market Size Value (US$ billion) & Volume (Units) Analysis By Region, 2018 to 2022

    8.3. Current Market Size Value (US$ billion) & Volume (Units) Analysis and Forecast By Region, 2023 to 2033

        8.3.1. North America

        8.3.2. Latin America

        8.3.3. Western Europe

        8.3.4. Eastern Europe

        8.3.5. South Asia and Pacific

        8.3.6. East Asia

        8.3.7. Middle East and Africa

    8.4. Market Attractiveness Analysis By Region

9. North America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country

    9.1. Historical Market Size Value (US$ billion) & Volume (Units) Trend Analysis By Market Taxonomy, 2018 to 2022

    9.2. Market Size Value (US$ billion) & Volume (Units) Forecast By Market Taxonomy, 2023 to 2033

        9.2.1. By Country

            9.2.1.1. United States

            9.2.1.2. Canada

        9.2.2. By Type

        9.2.3. By Technology

        9.2.4. By End Use

    9.3. Market Attractiveness Analysis

        9.3.1. By Country

        9.3.2. By Type

        9.3.3. By Technology

        9.3.4. By End Use

    9.4. Key Takeaways

10. Latin America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country

    10.1. Historical Market Size Value (US$ billion) & Volume (Units) Trend Analysis By Market Taxonomy, 2018 to 2022

    10.2. Market Size Value (US$ billion) & Volume (Units) Forecast By Market Taxonomy, 2023 to 2033

        10.2.1. By Country

            10.2.1.1. Brazil

            10.2.1.2. Mexico

            10.2.1.3. Rest of Latin America

        10.2.2. By Type

        10.2.3. By Technology

        10.2.4. By End Use

    10.3. Market Attractiveness Analysis

        10.3.1. By Country

        10.3.2. By Type

        10.3.3. By Technology

        10.3.4. By End Use

    10.4. Key Takeaways

11. Western Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country

    11.1. Historical Market Size Value (US$ billion) & Volume (Units) Trend Analysis By Market Taxonomy, 2018 to 2022

    11.2. Market Size Value (US$ billion) & Volume (Units) Forecast By Market Taxonomy, 2023 to 2033

        11.2.1. By Country

            11.2.1.1. Germany

            11.2.1.2. United Kingdom

            11.2.1.3. France

            11.2.1.4. Spain

            11.2.1.5. Italy

            11.2.1.6. Rest of Western Europe

        11.2.2. By Type

        11.2.3. By Technology

        11.2.4. By End Use

    11.3. Market Attractiveness Analysis

        11.3.1. By Country

        11.3.2. By Type

        11.3.3. By Technology

        11.3.4. By End Use

    11.4. Key Takeaways

12. Eastern Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country

    12.1. Historical Market Size Value (US$ billion) & Volume (Units) Trend Analysis By Market Taxonomy, 2018 to 2022

    12.2. Market Size Value (US$ billion) & Volume (Units) Forecast By Market Taxonomy, 2023 to 2033

        12.2.1. By Country

            12.2.1.1. Poland

            12.2.1.2. Russia

            12.2.1.3. Czech Republic

            12.2.1.4. Romania

            12.2.1.5. Rest of Eastern Europe

        12.2.2. By Type

        12.2.3. By Technology

        12.2.4. By End Use

    12.3. Market Attractiveness Analysis

        12.3.1. By Country

        12.3.2. By Type

        12.3.3. By Technology

        12.3.4. By End Use

    12.4. Key Takeaways

13. South Asia and Pacific Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country

    13.1. Historical Market Size Value (US$ billion) & Volume (Units) Trend Analysis By Market Taxonomy, 2018 to 2022

    13.2. Market Size Value (US$ billion) & Volume (Units) Forecast By Market Taxonomy, 2023 to 2033

        13.2.1. By Country

            13.2.1.1. India

            13.2.1.2. Bangladesh

            13.2.1.3. Australia

            13.2.1.4. New Zealand

            13.2.1.5. Rest of South Asia and Pacific

        13.2.2. By Type

        13.2.3. By Technology

        13.2.4. By End Use

    13.3. Market Attractiveness Analysis

        13.3.1. By Country

        13.3.2. By Type

        13.3.3. By Technology

        13.3.4. By End Use

    13.4. Key Takeaways

14. East Asia Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country

    14.1. Historical Market Size Value (US$ billion) & Volume (Units) Trend Analysis By Market Taxonomy, 2018 to 2022

    14.2. Market Size Value (US$ billion) & Volume (Units) Forecast By Market Taxonomy, 2023 to 2033

        14.2.1. By Country

            14.2.1.1. China

            14.2.1.2. Japan

            14.2.1.3. South Korea

        14.2.2. By Type

        14.2.3. By Technology

        14.2.4. By End Use

    14.3. Market Attractiveness Analysis

        14.3.1. By Country

        14.3.2. By Type

        14.3.3. By Technology

        14.3.4. By End Use

    14.4. Key Takeaways

15. Middle East and Africa Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country

    15.1. Historical Market Size Value (US$ billion) & Volume (Units) Trend Analysis By Market Taxonomy, 2018 to 2022

    15.2. Market Size Value (US$ billion) & Volume (Units) Forecast By Market Taxonomy, 2023 to 2033

        15.2.1. By Country

            15.2.1.1. GCC Countries

            15.2.1.2. South Africa

            15.2.1.3. Israel

            15.2.1.4. Rest of Middle East and Africa

        15.2.2. By Type

        15.2.3. By Technology

        15.2.4. By End Use

    15.3. Market Attractiveness Analysis

        15.3.1. By Country

        15.3.2. By Type

        15.3.3. By Technology

        15.3.4. By End Use

    15.4. Key Takeaways

16. Key Countries Market Analysis

    16.1. United States

        16.1.1. Pricing Analysis

        16.1.2. Market Share Analysis, 2022

            16.1.2.1. By Type

            16.1.2.2. By Technology

            16.1.2.3. By End Use

    16.2. Canada

        16.2.1. Pricing Analysis

        16.2.2. Market Share Analysis, 2022

            16.2.2.1. By Type

            16.2.2.2. By Technology

            16.2.2.3. By End Use

    16.3. Brazil

        16.3.1. Pricing Analysis

        16.3.2. Market Share Analysis, 2022

            16.3.2.1. By Type

            16.3.2.2. By Technology

            16.3.2.3. By End Use

    16.4. Mexico

        16.4.1. Pricing Analysis

        16.4.2. Market Share Analysis, 2022

            16.4.2.1. By Type

            16.4.2.2. By Technology

            16.4.2.3. By End Use

    16.5. Germany

        16.5.1. Pricing Analysis

        16.5.2. Market Share Analysis, 2022

            16.5.2.1. By Type

            16.5.2.2. By Technology

            16.5.2.3. By End Use

    16.6. United Kingdom

        16.6.1. Pricing Analysis

        16.6.2. Market Share Analysis, 2022

            16.6.2.1. By Type

            16.6.2.2. By Technology

            16.6.2.3. By End Use

    16.7. France

        16.7.1. Pricing Analysis

        16.7.2. Market Share Analysis, 2022

            16.7.2.1. By Type

            16.7.2.2. By Technology

            16.7.2.3. By End Use

    16.8. Spain

        16.8.1. Pricing Analysis

        16.8.2. Market Share Analysis, 2022

            16.8.2.1. By Type

            16.8.2.2. By Technology

            16.8.2.3. By End Use

    16.9. Italy

        16.9.1. Pricing Analysis

        16.9.2. Market Share Analysis, 2022

            16.9.2.1. By Type

            16.9.2.2. By Technology

            16.9.2.3. By End Use

    16.10. Poland

        16.10.1. Pricing Analysis

        16.10.2. Market Share Analysis, 2022

            16.10.2.1. By Type

            16.10.2.2. By Technology

            16.10.2.3. By End Use

    16.11. Russia

        16.11.1. Pricing Analysis

        16.11.2. Market Share Analysis, 2022

            16.11.2.1. By Type

            16.11.2.2. By Technology

            16.11.2.3. By End Use

    16.12. Czech Republic

        16.12.1. Pricing Analysis

        16.12.2. Market Share Analysis, 2022

            16.12.2.1. By Type

            16.12.2.2. By Technology

            16.12.2.3. By End Use

    16.13. Romania

        16.13.1. Pricing Analysis

        16.13.2. Market Share Analysis, 2022

            16.13.2.1. By Type

            16.13.2.2. By Technology

            16.13.2.3. By End Use

    16.14. India

        16.14.1. Pricing Analysis

        16.14.2. Market Share Analysis, 2022

            16.14.2.1. By Type

            16.14.2.2. By Technology

            16.14.2.3. By End Use

    16.15. Bangladesh

        16.15.1. Pricing Analysis

        16.15.2. Market Share Analysis, 2022

            16.15.2.1. By Type

            16.15.2.2. By Technology

            16.15.2.3. By End Use

    16.16. Australia

        16.16.1. Pricing Analysis

        16.16.2. Market Share Analysis, 2022

            16.16.2.1. By Type

            16.16.2.2. By Technology

            16.16.2.3. By End Use

    16.17. New Zealand

        16.17.1. Pricing Analysis

        16.17.2. Market Share Analysis, 2022

            16.17.2.1. By Type

            16.17.2.2. By Technology

            16.17.2.3. By End Use

    16.18. China

        16.18.1. Pricing Analysis

        16.18.2. Market Share Analysis, 2022

            16.18.2.1. By Type

            16.18.2.2. By Technology

            16.18.2.3. By End Use

    16.19. Japan

        16.19.1. Pricing Analysis

        16.19.2. Market Share Analysis, 2022

            16.19.2.1. By Type

            16.19.2.2. By Technology

            16.19.2.3. By End Use

    16.20. South Korea

        16.20.1. Pricing Analysis

        16.20.2. Market Share Analysis, 2022

            16.20.2.1. By Type

            16.20.2.2. By Technology

            16.20.2.3. By End Use

    16.21. GCC Countries

        16.21.1. Pricing Analysis

        16.21.2. Market Share Analysis, 2022

            16.21.2.1. By Type

            16.21.2.2. By Technology

            16.21.2.3. By End Use

    16.22. South Africa

        16.22.1. Pricing Analysis

        16.22.2. Market Share Analysis, 2022

            16.22.2.1. By Type

            16.22.2.2. By Technology

            16.22.2.3. By End Use

    16.23. Israel

        16.23.1. Pricing Analysis

        16.23.2. Market Share Analysis, 2022

            16.23.2.1. By Type

            16.23.2.2. By Technology

            16.23.2.3. By End Use

17. Market Structure Analysis

    17.1. Competition Dashboard

    17.2. Competition Benchmarking

    17.3. Market Share Analysis of Top Players

        17.3.1. By Regional

        17.3.2. By Type

        17.3.3. By Technology

        17.3.4. By End Use

18. Competition Analysis

    18.1. Competition Deep Dive

        18.1.1. Ador Welding Ltd.

            18.1.1.1. Overview

            18.1.1.2. Product Portfolio

            18.1.1.3. Profitability by Market Segments

            18.1.1.4. Sales Footprint

            18.1.1.5. Strategy Overview

                18.1.1.5.1. Marketing Strategy

                18.1.1.5.2. Product Strategy

                18.1.1.5.3. Channel Strategy

        18.1.2. Air Liquide SA

            18.1.2.1. Overview

            18.1.2.2. Product Portfolio

            18.1.2.3. Profitability by Market Segments

            18.1.2.4. Sales Footprint

            18.1.2.5. Strategy Overview

                18.1.2.5.1. Marketing Strategy

                18.1.2.5.2. Product Strategy

                18.1.2.5.3. Channel Strategy

        18.1.3. Air Products And Chemicals

            18.1.3.1. Overview

            18.1.3.2. Product Portfolio

            18.1.3.3. Profitability by Market Segments

            18.1.3.4. Sales Footprint

            18.1.3.5. Strategy Overview

                18.1.3.5.1. Marketing Strategy

                18.1.3.5.2. Product Strategy

                18.1.3.5.3. Channel Strategy

        18.1.4. Colfax Corporation

            18.1.4.1. Overview

            18.1.4.2. Product Portfolio

            18.1.4.3. Profitability by Market Segments

            18.1.4.4. Sales Footprint

            18.1.4.5. Strategy Overview

                18.1.4.5.1. Marketing Strategy

                18.1.4.5.2. Product Strategy

                18.1.4.5.3. Channel Strategy

        18.1.5. Illinois Tool Works

            18.1.5.1. Overview

            18.1.5.2. Product Portfolio

            18.1.5.3. Profitability by Market Segments

            18.1.5.4. Sales Footprint

            18.1.5.5. Strategy Overview

                18.1.5.5.1. Marketing Strategy

                18.1.5.5.2. Product Strategy

                18.1.5.5.3. Channel Strategy

        18.1.6. Linde AG

            18.1.6.1. Overview

            18.1.6.2. Product Portfolio

            18.1.6.3. Profitability by Market Segments

            18.1.6.4. Sales Footprint

            18.1.6.5. Strategy Overview

                18.1.6.5.1. Marketing Strategy

                18.1.6.5.2. Product Strategy

                18.1.6.5.3. Channel Strategy

        18.1.7. Praxair

            18.1.7.1. Overview

            18.1.7.2. Product Portfolio

            18.1.7.3. Profitability by Market Segments

            18.1.7.4. Sales Footprint

            18.1.7.5. Strategy Overview

                18.1.7.5.1. Marketing Strategy

                18.1.7.5.2. Product Strategy

                18.1.7.5.3. Channel Strategy

        18.1.8. The Lincoln Electric Company

            18.1.8.1. Overview

            18.1.8.2. Product Portfolio

            18.1.8.3. Profitability by Market Segments

            18.1.8.4. Sales Footprint

            18.1.8.5. Strategy Overview

                18.1.8.5.1. Marketing Strategy

                18.1.8.5.2. Product Strategy

                18.1.8.5.3. Channel Strategy

        18.1.9. Tianjin Bridge Group Co.

            18.1.9.1. Overview

            18.1.9.2. Product Portfolio

            18.1.9.3. Profitability by Market Segments

            18.1.9.4. Sales Footprint

            18.1.9.5. Strategy Overview

                18.1.9.5.1. Marketing Strategy

                18.1.9.5.2. Product Strategy

                18.1.9.5.3. Channel Strategy

        18.1.10. Electro Plasma.

            18.1.10.1. Overview

            18.1.10.2. Product Portfolio

            18.1.10.3. Profitability by Market Segments

            18.1.10.4. Sales Footprint

            18.1.10.5. Strategy Overview

                18.1.10.5.1. Marketing Strategy

                18.1.10.5.2. Product Strategy

                18.1.10.5.3. Channel Strategy

19. Assumptions & Acronyms Used

20. Research Methodology

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