The welding consumables are of different types as SAW wires, fluxes, fluxed-cored wires, stick electrodes and more. High growth of automobile and construction industry and rapid growth of oil and gas industry are expected to growth the global welding consumables market. Recently in July 2020, a new Ranger 260MPX, a compact design and digital interface with low carbon foot prints was added by Lincoln Electric, a manufacturer of welding products, welding consumables and arc welding equipments. However, slow adoption of advanced welding technologies is expected to be the limiting factor for the global welding consumables market growth over the forecast period.
According to Coherent Market Insights, Global Welding Consumables Market was valued at US$ 14,714.39 Mn in 2021 and is expected to reach US$ 24,157.49 Mn by 2030, growing at a CAGR of 5.8 % between 2022 and 2030.
Top Companies in the Welding Consumables Industry:
Voestalpine AG
Voestalpine AG processes, develops, manufactures, and sells steel products in Austria, European Union, and internationally. The company operates through five segments: Steel, High Performance Metals, Metal Engineering, Metal Forming, and Other. The company is headquartered in Linz, Austria. The company was founded 1938. On January 2023, With the acquisition of Metaltec AG in Pieterlen, Switzerland, voestalpine is further expanding the high-quality segment range of its subsidiary High Performance Metals Division.
Arcon Welding Equipment
ARCON Welding Equipment, LLC was founded in December, 1999. Arcon Welding Equipments headquarters are located at 2300 Northwood Dr, Salisbury, Maryland, 21801, United States. It is ISO certified company but also have certifications from Bureau of Indian Standard which adds credibility to our products. The clients of the company are L&T, IOCL, NTPC, BHEL, GAIL, ONGC, TATA Steel, Indian Railways, Airport Authority of India and many other private and government undertakings in India & overseas.
The Lincoln Electric Company
The company was founded in 1895 and is headquartered in Cleveland, Ohio. Lincoln Electric Holdings, Inc., through its subsidiaries, designs, develops, manufactures, and sells welding, cutting, and brazing products worldwide. The company operates through three segments: Americas Welding, International Welding, and The Harris Products Group. On October 2022, the company acquired announced today that it has signed a definitive agreement to acquire Fori Automation, Inc.