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

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.