Transparency Market Research

EMEA Welding Consumables Market - Outlook and Evaluation of Growth Factors 2014 - 2020

Welding Consumables (Stick Electrode, Solid Wires, Flux-cored Wires, SAW Wires & Fluxes, and Others) Market for Automobile & Transportation, Building & Construction, Marine, and Other Applications - EMEA Industry Analysis, Size, Share, Growth, Trends and Forecast 2014 - 2020


Albany, NY -- (SBWIRE) -- 01/09/2015 -- Welding consumables have been consistently ruling the overall welding industry, surpassing the demand for welding services and welding equipment. With time and technological advancements, welding consumables have moved on from electrodes to flux-cored wires and solid wires.

The Europe, Middle East, and Africa (EMEA) welding consumables market has witnessed steady growth over the years owing to the development of the construction and building industries. Analysis presented by a market intelligence company determines that the EMEA market for welding consumables stood at US$3.38 billion in 2013 and is projected to be worth US$4.55 billion by the end of 2020. Registering a compound annual growth rate of 4.3% over the forecast period, the EMEA welding consumables market has a strong global presence. The report also indicates that the total volume of welding consumables was 1,236.2 kilo tons in the year 2013.

Welding consumables include SAW wires and fluxes, flux-cored wires, stick electrodes, solid wires, and others including gases, and find various applications in areas such as marine, automobile and transportation, building and construction, and repair and maintenance.

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Ruling the EMEA welding consumables market, Europe led the pack, accounting for over 70% of the total volume of welding consumables in 2013. While market analysis indicates that this regional market is most likely to reach a state of saturation in the near future, the growing use of welding consumables especially in the automobile industry is expected to allow a moderate growth in the continent.

Ranking second in terms of volume, the Middle Eastern welding consumables market accounted for a significant portion of the EMEA market share. The year 2013 was particularly favorable for the regional market thanks to the surge of investments in the oil and gas industry. The rate of infrastructure expansion and economic growth in Saudi Arabia and other states within the Gulf Cooperation Council have resulted in escalating construction projects, consequently increasing the demand for welding consumables, services, and equipment.

The demand for welding consumables has also increased in Africa in recent years owing to growing repair and maintenance activities and the building of new power plants. Pipeline projects in the field of oil and gas as well as mining and metals is another key area that holds immense potential for the African and EMEA welding consumables market.

The preference of welding consumables depends on a number of factors such as productivity, suitability for automatic welding systems, lesser wastage, and the ability to be used by different welding technologies. While the demand for stick electrodes is high in the Middle East and Africa, developed nations such as Spain, Germany, Italy, the U.K., and Portland have switched from electrodes to wires and fluxes. Electrodes offer the advantage of low cost and high frequency of manual welding in Africa and the Middle East, and stick electrodes accounted for over 40% of the overall consumption of welding consumables in EMEA in 2013. This segment is also projected to be the most-rapidly expanding product segment over the forecast period of 2014 to 2020.

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As end users, the automobile sector along with the oil and gas industry have seen a remarkable growth in the EMEA region and the welding consumables market in these regions has received a strong boost due to this. Moreover, the demand for welding consumables has also risen from the building and construction sector, accounting for over 18% of the demand in 2013.

Paving the way for other vendors, Elektriska Svetsnings-Aktiebolaget (ESAB) dominated the EMEA market for welding consumables with a majority share of 15% in 2013. While top players such as Voestalpine AG, Lincoln Electric, and Illinois Tool Works, Inc. (ITW) have established a strong footing in the EMEA welding consumables market, there are numerous key participants operating on a global as well as domestic scale: Tianjin Golden Bridge Welding Materials Group Co., Ltd., Welding Alloys Ltd, Miller Electric Mfg. Co., Promax Welding Consumables (PTY) Ltd., IASF S.p.A, African Oxygen Ltd. (AFROX), Castolin Eutectic, Kobe Steel, Ltd., Arcsel LLC, Corodur F├╝lldraht GmbH, Vorarc Welding CC., and Air Liquide S.A.

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