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U.S. Welding Consumables Market size was valued at USD 2.43 billion in 2021 and is poised to grow from USD 2.53 billion in 2022 to USD 3.49 billion by 2030, at a CAGR of 4.10% during the forecast period (2023-2030).

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. 'Illinois Tool Works Inc. ', 'Kiswel Inc. ', 'The Lincoln Electric Company ', 'Selectrode Industries, Inc. ', 'Colfax Corporation ', 'voestalpine Böhler Welding Group GmbH ', 'Kobe Steel, Ltd. ', 'Fronius International GmbH ', 'Linde plc ', 'Welding Alloys '

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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U.S. Welding Consumables Market

Product ID: SQMIG20E2018