WELDING consumables market – India industry analysis, size, growth and forecast 2014– 2020

By OEM Update Editorial November 14, 2019 5:45 pm IST

The welding industry in India has been expanding due to growth in end-use industries such as automobile and transportation, and building and construction. The welding consumables market accounts for a significant share in the welding industry compared to welding equipment and welding services.

The research study analyses, estimates and forecasts the welding consumables market in India. The market estimates and forecasts are provided in terms of volume (Kilo Tons) and revenue (INR Mn). The study segments the welding consumables market based on product type, applications and key regions. Major product types included are stick electrodes, solid wires, magnesium, flux cored wires, SAW wires and fluxes, and others such as gases. Key application segments included are automobile and transportation, building and construction, marine applications, power sector, oil and gas, wear plate and other applications such as repair and maintenance, and pipelines among others.

Primary research represents the bulk of research efforts, supplemented by extensive secondary research. We reviewed key players’ product literature, annual reports, press releases and relevant documents for competitive analysis and market understanding. Secondary research also includes a search of recent trade, technical writing, internet sources, and statistical data from government websites, trade associations and agencies. This has proven to be the most reliable, effective and successful approach for obtaining precise market data, capturing industry participants’ insights and recognising business opportunities.

Secondary research sources that are typically referred to include company websites, annual reports, financial reports, broker reports, investor presentations and SEC filings, internal and external proprietary databases, and relevant patent, regulatory databases, national government documents, statistical databases and market reports, news articles, press releases and webcasts specific to companies operating in the market. Secondary research sources referred for the study of welding consumables are Update Magazine, The Department of Scientific and Industrial Research (DSIR), The Indian Ferro Alloy Producers Association (IFAPA), Welding Design and Fabrication, Steel Manufacturers Association, and International Aluminum Institute among others.