From GlobeNewswire: 2025-04-24 09:45:00

The Welding Materials Market was valued at USD 14.93 billion in 2023 and is expected to reach USD 21.66 billion by 2032, growing at a CAGR of 4.22%. Factors driving growth include industrial automation, digital welding solutions, and lightweight materials in high-strength applications, with a focus on renewable energy and smart factories.

In the U.S., the market is projected to grow from USD 2.43 billion in 2023 to USD 3.64 billion by 2032, with steady demand from construction, automotive, and manufacturing industries. Key players in the market include Colfax Corporation, Air Liquide S.A., and Lincoln Electric Holdings, among others.

The dominant segment in the market is electrodes & filler materials, accounting for over 52% in 2023. Arc welding is the most popular technology, representing over 38% of the market, while heavy industries hold a leading market share of over 42% due to demand from power generation, shipbuilding, and energy sectors.

Asia-Pacific leads the market with over 42% market share, driven by urbanization, infrastructure development, and automotive sectors. North America is expected to be the fastest-growing market, with a focus on technology deployment and government-funded infrastructure programs.

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