U.S. Welding Consumables Market Size, Share, Growth Analysis, By product(Stick Electrodes, Solid Wires, Flux-cored Wires and Saw Wires & Fluxes), By Technology(Arc Welding, Resistance Welding, Oxy-fuel Welding and Laser Beam Welding), By Region - Industry Forecast 2024-2031


Report ID: SQMIC20E2090 | Region: Country | Published Date: April, 2024
Pages: 202 |Tables: 63 |Figures: 76

U.S. Welding Consumables Market Insights

U.S. Welding Consumables Market size was valued at USD 2.5 billion in 2022 and is poised to grow from USD 2.6 billion in 2023 to USD 3.59 billion by 2031, at a CAGR of 4.1%  during the forecast period (2024-2031).

Welding consumables are flux and filler metals used in the welding process. Filler metals are melted to form a strong joint between two metals, while flux prevents hot metals from oxidising during this process. Raw materials used in the manufacture of welding consumables usually involve nickel, copper, rutile, ilmenite, and aluminium. These consumables ensure cost-effective welding, protect the molten weld from contaminants in the air, and prevent porosity in the weld pool from forming. As a result, they are widely used in the building, automobile, energy, shipbuilding, and aerospace industries.

Welding contributes to the success of critical industries such as construction, railways and defence. Welding consumables are use in the repair and extension of the life of manufactured products. Consumables such as solid wires, stick electrodes, SAW wires, fluxes, and flux-cored wires are used in the welding industry to ensure a strong bond between two metals. It also protects the molten weld from contaminants in the atmosphere. Manufacturers are utilising advanced welding technologies including hybrid, MIG & TIG, resistance spot, laser beam welding, and others, which are becoming increasingly popular in the US market. Furthermore, rising steel consumption, combined with the resurgence of the automotive, heavy engineering, oil, gas, energy, and shipbuilding industries in the United States, is expected to boost demand for these consumables across the welding sector during the forecast period. Government investments in the manufacturing sector have given manufacturers opportunities to improve their fabrication and welding processes. whereas, rising investments in the steel industry are opening up new opportunities for manufacturers.

U.S. Welding Consumables Market is poised to grow at a sustainable CAGR for the next forecast year.

Market Snapshot - 2024-2031

Global Market Size

USD 2.5 billion

Largest Segment

Arc Welding

Fastest Growth

Arc Welding

Growth Rate

4.1% CAGR

U.S. Welding Consumables Market 2022-2030 ($ Bn)
Country Share for US - 2022 (%)

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U.S. Welding Consumables Market Segmental Analysis

The U.S. welding consumables market is segmented based on the Product, technology and region. Based on product, the U.S. Welding Consumables Market is segmented into Stick Electrodes, Solid Wires, Flux-cored Wires and Saw Wires & Fluxes. Based on technology, the U.S. Welding Consumables Market is segmented into Arc Welding, Resistance Welding, Oxy-fuel Welding and Laser Beam Welding. Based on Region U.S. Welding Consumables Market is categorized into North America, Europe, Asia-Pacific, Latin America and MEA.

U.S. Welding Consumables Market Analysis by Product

Based on product, In the United States, stick electrodes had the highest revenue share. The segment is expected to be driven by extensive use of the product as filler materials for joining two different metals. Superior product benefits such as corrosion resistance, high tensile strength and ductility are expected to emerge as key factors driving the product. The country's demand for stick electrodes is expected to rise as infrastructure projects expand. Southwest Florida International Airport, for example, has invested USD 250 million in terminal expansion to accommodate various checkpoints and check-in areas that require blocks and metals to be welded and fixed at a specific point. This is expected to increase demand for welding services, contributing to the industry's growth.

The flexibility and toughness of solid wires are important properties that increase their utility in applications requiring flexible wires, such as house electrical wiring and breadboards. Furthermore, rising demand for in-house electrical wiring and breadboard applications has increased solid wire consumption. Saw wires and fluxes are widely used in applications such as exploration platforms, pressure vessels, offshore drilling platform fabrication, and post-weld heat treatment. These are widely used in offshore construction, pressure vessel construction, and other fields.

U.S. Welding Consumables Market Analysis by Technology

Based on technology, Arc welding has emerged as the most important technology segment in the US market. The key reason driving this technology segment is the high penetration of the technology due to its ease of use across the building and construction and automotive industries. Resistance welding is primarily used in the automotive industry for a variety of processes such as spot, projection, and seam welding. These three processes are used because of their advantageous characteristics, which include stability, low environmental impact, and cost-efficiency. Over the forecast period, the segment is expected to be driven by rising demand from the automobile and transportation sectors.

The country's rising demand for luxury vehicles has raised the standard for precision welding, with manufacturers aiming to use resistance welding technology to smoothen the joints. Growing consumer concerns about smooth finishes are likely to open up new opportunities for resistance welding. In addition to welding thin metal sheets, small pipes, and tubes, oxy-fuel technology is widely used for repair work. The main benefit of oxy-fuel welding technology is that the welder can control the heat input and temperature regardless of the amount of filler metal used. This technology is widely used in straightening, bending, surfacing, brazing, braze welding, and other related operations, which will drive the growth of this technology segment.

U.S. Welding Consumables Market By type 2022 (%)

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U.S. Welding Consumables Market Regional Insights

This market is expected to grow significantly over the forecast period. The rising government incentives, the expansion of construction and railways, and the high consumption of steel for various applications are all contributing to the growth. Furthermore, OEMs are implementing technologies such as resistance, oxy-fuel, ultrasonic, and stir welding techniques, as well as the Internet of Things (IoT) across industries to supplement the growth of the welding consumables market. Furthermore, governments are enacting new industrial policies and investment plans in response to the opportunities presented by new industrial revolutions, such as cross-border and foreign direct investment (FDI). As a result, welding consumable manufacturers will have numerous opportunities in the near future.

U.S. Welding Consumables Market By Geography, 2022-2030
  • Largest
  • Fastest

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U.S. Welding Consumables Market Dynamics

U.S. Welding Consumables Market Drivers

Rising Usage of SAW in Aerospace to Bolster Demand for Welding Consumables

  • Increased demand for welding consumables across industry verticals will drive the market growth. The use of SAW and fluxes, stick electrodes, solid wires, and other materials is expanding rapidly in the aerospace, railway, construction, shipbuilding, and defence industries. This is because these products are frequently coated with copper to prevent oxidation and corrosion, even when welding thick materials and alloys. Construction and infrastructure, as well as railways, are expanding rapidly as a result of increased urbanisation. For example, AGC, the leading construction association in the United States, stated that the construction industry in the United States creates nearly USD 1.3 trillion in structures each year. Furthermore, federal investments in the railway industry in California and across the country totaled billions of dollars as a result of procurement policies for programmes such as the implementation of the Next-Generation Corridor and high-speed intercity passenger rail initiatives. The expansion of these key industries is expected to increase the demand for consumables across a variety of industry verticals.

U.S. Welding Consumables Market Restraints

Lack of Skilled Workers to Hinder Market Growth

  • One of the major impediments to the growth of the welding consumables market is a severe shortage of skilled welding professionals across various industries. According to the American Welding Society, the welding worker shortage will reach 400,000 by 2024. Furthermore, a shortage of skilled welding professionals is compromising product quality. For example, in June 2018, Ford was forced to recall 12,000 vehicles due to defects in the pump welds. In another case, the United Kingdom was forced to postpone the launch of its nuclear missiles in August 2018 after cracks were discovered in the missile tubes. As a result, a shortage of skilled welders is likely to stymie demand for welding consumables in the coming years.

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U.S. Welding Consumables Market Competitive Landscape

U.S. welding consumables market is highly competitive and somewhat fragmented. To maintain a competitive edge, the major industry participants are continually implementing various growth strategies. Innovations, mergers, and acquisitions, collaborations and partnerships are adopted by these players to thrive in the competitive market. In order to provide industries with the most effective and economical solutions, the major market players are also continually concentrating on R&D. Moreover, Key players in the United States are collaborating with several associations to train welders in advanced technologies such as resistance spot welding, hybrid welding, and others.

U.S. Welding Consumables Market Top Player's Company Profiles

  • Lincoln Electric Holdings, Inc.
  • ESAB (a subsidiary of Colfax Corporation)
  • Illinois Tool Works Inc.
  • The Harris Products Group
  • voestalpine Böhler Welding USA, Inc.
  • ITW Welding (a subsidiary of Illinois Tool Works Inc.)
  • Air Liquide S.A.
  • Arcon Welding Equipment
  • Kobe Steel, Ltd.
  • Sandvik AB
  • Avesta Welding
  • Bohler Welding Group USA, Inc.
  • Welding Alloys Ltd.
  • UTP Maintenance
  • Genstar Capital (the parent company of Uniweld Products, Inc.)
  • American Torch Tip Company
  • Select-Arc, Inc.
  • Atlantic China Welding Consumables, Inc.
  • Weldcote Metals
  • Tregaskiss (a subsidiary of ITW Welding)

U.S. Welding Consumables Market Recent Developments

  • In January 2021, In order to design consumables for the former's hard-face welding, Welding Alloys Group worked with Intellegens Limited.

U.S. Welding Consumables Key Market Trends

  • Automotive vendors across the United States are lowering vehicle weight by replacing metal parts with fabric materials to reduce fuel consumption, emissions, and noise pollution, thereby supporting in-line production processes. Furthermore, market participants are employing advanced welding technologies such as laser beam, resistance spot, MIG & TIG, friction, and oxy fuel welding, as well as welding consumables designed specifically for these technologies. For example, the Lincoln Electric Company provides auto manufacturers with aluminium MIG wires and stainless steel metal-cored wires that are specifically designed for automotive exhaust systems such as catalytic converters, body panels, truck panels, and others. As a result, the aforementioned welding techniques are supporting future market growth.

U.S. Welding Consumables Market SkyQuest Analysis

SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates, and Analyses the Data collected utilizing Primary Exploratory Research backed by the robust Secondary Desk research.

According to our us welding consumables market analysis, in terms of product, the stick electrodes segment and in terms of technologyArc welding dominated the U.S. welding consumables market. This is attributable to the high demands for arc welding-based consumables in the automotive industry sector. Key contributor in driving the growth of the welding consumables market in the United States involve rising industrial manufacturing and the sudden increase of the building and construction sector. Moreover, the expensive nature of metal fabrication operation can hamper the US welding consumable market growth.

Report Metric Details
Market size value in 2022 USD 2.5 billion
Market size value in 2031 USD 3.59 billion
Growth Rate 4.1%
Base year 2023
Forecast period 2024-2031
Forecast Unit (Value) USD Billion
Segments covered
  • product
    • Stick Electrodes, Solid Wires, Flux-cored Wires and Saw Wires & Fluxes
  • Technology
    • Arc Welding, Resistance Welding, Oxy-fuel Welding and Laser Beam Welding
Regions covered North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA)
Companies covered
  • Lincoln Electric Holdings, Inc.
  • ESAB (a subsidiary of Colfax Corporation)
  • Illinois Tool Works Inc.
  • The Harris Products Group
  • voestalpine Böhler Welding USA, Inc.
  • ITW Welding (a subsidiary of Illinois Tool Works Inc.)
  • Air Liquide S.A.
  • Arcon Welding Equipment
  • Kobe Steel, Ltd.
  • Sandvik AB
  • Avesta Welding
  • Bohler Welding Group USA, Inc.
  • Welding Alloys Ltd.
  • UTP Maintenance
  • Genstar Capital (the parent company of Uniweld Products, Inc.)
  • American Torch Tip Company
  • Select-Arc, Inc.
  • Atlantic China Welding Consumables, Inc.
  • Weldcote Metals
  • Tregaskiss (a subsidiary of ITW Welding)

U.S. Welding Consumables Market Recent Developments

  • In January 2021, In order to design consumables for the former's hard-face welding, Welding Alloys Group worked with Intellegens Limited.
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Table Of Content

Executive Summary

Market overview

  • Exhibit: Executive Summary – Chart on Market Overview
  • Exhibit: Executive Summary – Data Table on Market Overview
  • Exhibit: Executive Summary – Chart on U.S. Welding Consumables Market Characteristics
  • Exhibit: Executive Summary – Chart on Market by Geography
  • Exhibit: Executive Summary – Chart on Market Segmentation
  • Exhibit: Executive Summary – Chart on Incremental Growth
  • Exhibit: Executive Summary – Data Table on Incremental Growth
  • Exhibit: Executive Summary – Chart on Vendor Market Positioning

Parent Market Analysis

Market overview

Market size

  • Market Dynamics
    • Exhibit: Impact analysis of DROC, 2021
      • Drivers
      • Opportunities
      • Restraints
      • Challenges
  • SWOT Analysis

KEY MARKET INSIGHTS

  • Technology Analysis
    • (Exhibit: Data Table: Name of technology and details)
  • Pricing Analysis
    • (Exhibit: Data Table: Name of technology and pricing details)
  • Supply Chain Analysis
    • (Exhibit: Detailed Supply Chain Presentation)
  • Value Chain Analysis
    • (Exhibit: Detailed Value Chain Presentation)
  • Ecosystem Of the Market
    • Exhibit: Parent Market Ecosystem Market Analysis
    • Exhibit: Market Characteristics of Parent Market
  • IP Analysis
    • (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
  • Trade Analysis
    • (Exhibit: Data Table: Import and Export data details)
  • Startup Analysis
    • (Exhibit: Data Table: Emerging startups details)
  • Raw Material Analysis
    • (Exhibit: Data Table: Mapping of key raw materials)
  • Innovation Matrix
    • (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
  • Pipeline product Analysis
    • (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
  • Macroeconomic Indicators

COVID IMPACT

  • Introduction
  • Impact On Economy—scenario Assessment
    • Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
  • Revised Market Size
    • Exhibit: Data Table on U.S. Welding Consumables Market size and forecast 2021-2027 ($ million)
  • Impact Of COVID On Key Segments
    • Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
  • COVID Strategies By Company
    • Exhibit: Analysis on key strategies adopted by companies

MARKET DYNAMICS & OUTLOOK

  • Market Dynamics
    • Exhibit: Impact analysis of DROC, 2021
      • Drivers
      • Opportunities
      • Restraints
      • Challenges
  • Regulatory Landscape
    • Exhibit: Data Table on regulation from different region
  • SWOT Analysis
  • Porters Analysis
    • Competitive rivalry
      • Exhibit: Competitive rivalry Impact of key factors, 2021
    • Threat of substitute products
      • Exhibit: Threat of Substitute Products Impact of key factors, 2021
    • Bargaining power of buyers
      • Exhibit: buyers bargaining power Impact of key factors, 2021
    • Threat of new entrants
      • Exhibit: Threat of new entrants Impact of key factors, 2021
    • Bargaining power of suppliers
      • Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
  • Skyquest special insights on future disruptions
    • Political Impact
    • Economic impact
    • Social Impact
    • Technical Impact
    • Environmental Impact
    • Legal Impact

Market Size by Region

  • Chart on Market share by geography 2021-2027 (%)
  • Data Table on Market share by geography 2021-2027(%)
  • North America
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • USA
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Canada
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Europe
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • Germany
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Spain
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • France
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • UK
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of Europe
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Asia Pacific
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • China
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • India
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Japan
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • South Korea
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of Asia Pacific
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Latin America
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • Brazil
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of South America
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Middle East & Africa (MEA)
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • GCC Countries
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • South Africa
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of MEA
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)

KEY COMPANY PROFILES

  • Competitive Landscape
    • Total number of companies covered
      • Exhibit: companies covered in the report, 2021
    • Top companies market positioning
      • Exhibit: company positioning matrix, 2021
    • Top companies market Share
      • Exhibit: Pie chart analysis on company market share, 2021(%)

Methodology

For the U.S. Welding Consumables Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:

1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.

2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the U.S. Welding Consumables Market.

3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.

4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.

Analyst Support

Customization Options

With the given market data, our dedicated team of analysts can offer you the following customization options are available for the U.S. Welding Consumables Market:

Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.

Regional Analysis: Further analysis of the U.S. Welding Consumables Market for additional countries.

Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.

Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.

Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.

Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.

Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.

Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.

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FAQs

U.S. Welding Consumables Market size was valued at USD 2.5 billion in 2022 and is poised to grow from USD 2.6 billion in 2023 to USD 3.59 billion by 2031, at a CAGR of 4.1%  during the forecast period (2024-2031).

U.S. welding consumables market is highly competitive and somewhat fragmented. To maintain a competitive edge, the major industry participants are continually implementing various growth strategies. Innovations, mergers, and acquisitions, collaborations and partnerships are adopted by these players to thrive in the competitive market. In order to provide industries with the most effective and economical solutions, the major market players are also continually concentrating on R&D. Moreover, Key players in the United States are collaborating with several associations to train welders in advanced technologies such as resistance spot welding, hybrid welding, and others. 'Lincoln Electric Holdings, Inc.', 'ESAB (a subsidiary of Colfax Corporation)', 'Illinois Tool Works Inc.', 'The Harris Products Group', 'voestalpine Böhler Welding USA, Inc.', 'ITW Welding (a subsidiary of Illinois Tool Works Inc.)', 'Air Liquide S.A.', 'Arcon Welding Equipment', 'Kobe Steel, Ltd.', 'Sandvik AB', 'Avesta Welding', 'Bohler Welding Group USA, Inc.', 'Welding Alloys Ltd.', 'UTP Maintenance', 'Genstar Capital (the parent company of Uniweld Products, Inc.)', 'American Torch Tip Company', 'Select-Arc, Inc.', 'Atlantic China Welding Consumables, Inc.', 'Weldcote Metals', 'Tregaskiss (a subsidiary of ITW Welding)', 'In January 2021, In order to design consumables for the former's hard-face welding, Welding Alloys Group worked with Intellegens Limited.'

Increased demand for welding consumables across industry verticals will drive the market growth. The use of SAW and fluxes, stick electrodes, solid wires, and other materials is expanding rapidly in the aerospace, railway, construction, shipbuilding, and defence industries. This is because these products are frequently coated with copper to prevent oxidation and corrosion, even when welding thick materials and alloys. Construction and infrastructure, as well as railways, are expanding rapidly as a result of increased urbanisation. For example, AGC, the leading construction association in the United States, stated that the construction industry in the United States creates nearly USD 1.3 trillion in structures each year. Furthermore, federal investments in the railway industry in California and across the country totaled billions of dollars as a result of procurement policies for programmes such as the implementation of the Next-Generation Corridor and high-speed intercity passenger rail initiatives. The expansion of these key industries is expected to increase the demand for consumables across a variety of industry verticals.

Automotive vendors across the United States are lowering vehicle weight by replacing metal parts with fabric materials to reduce fuel consumption, emissions, and noise pollution, thereby supporting in-line production processes. Furthermore, market participants are employing advanced welding technologies such as laser beam, resistance spot, MIG & TIG, friction, and oxy fuel welding, as well as welding consumables designed specifically for these technologies. For example, the Lincoln Electric Company provides auto manufacturers with aluminium MIG wires and stainless steel metal-cored wires that are specifically designed for automotive exhaust systems such as catalytic converters, body panels, truck panels, and others. As a result, the aforementioned welding techniques are supporting future market growth.

This market is expected to grow significantly over the forecast period. The rising government incentives, the expansion of construction and railways, and the high consumption of steel for various applications are all contributing to the growth. Furthermore, OEMs are implementing technologies such as resistance, oxy-fuel, ultrasonic, and stir welding techniques, as well as the Internet of Things (IoT) across industries to supplement the growth of the welding consumables market. Furthermore, governments are enacting new industrial policies and investment plans in response to the opportunities presented by new industrial revolutions, such as cross-border and foreign direct investment (FDI). As a result, welding consumable manufacturers will have numerous opportunities in the near future.

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