Welding is typically a sculptural process of joining various metals and thermoplastics together by means of coalescence. It is an economical and effective process for creating strong joints between two or more parts. Filler metals melt during the course of welding and give a strong joint. Flux is commonly used to produce a shield of gas around the weld pool for preventing the oxidation of hot metals. Flux typically acts as a deoxidizer preventing the formation of porosity in the weld pool. Flux and filler metals together are known as welding consumables.
Welding finds application in various end-use industries such as building & construction, automobile & transportation, marine, power generation, and oil & gas etc. The welding industry growth is highly dependent on the global steel consumption in various end-use industries. Stick electrode, flux-cored wires, solid wires, SAW wires and fluxes, etc. are some of the welding consumables employed during the welding process. However, flux does not form the final part of welding and is wasted during the course of welding.
The global welding consumables market is projected to register a healthy CAGR during the forecast period, particularly in the growing economies such as China & India.
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The global welding consumables market is forecast to witness high growth over the forecast period owing to the positive outlook in various end-use industries such as the automotive & transportation, marine, and construction industries.
Slow adoption of advanced technologies, particularly in the developing countries poses a threat to the growth of the global welding consumables market.
The principal trends that are positively impacting the growth of the market are the upcoming technologies that are being developed, and especially those technologies which are designed to weld thick metal parts.
Also, the players in the global welding consumables market are inclined towards automation at different stages in the welding process, and it is predicted that the development of robots and automation software would be viable trends which would positively influence the growth of the global welding consumables market over the forecast period.