India Welding Consumables Market to Benefit from Rising Consumption of Steel


Published Date : Mar 10, 2016

The India welding consumable market is projected to witness remarkable growth in the coming few years. This growth can be attributed to the several key trends that are shaping this market. Let us look at the key drivers of the India welding consumable market.

Rising Consumption of Steel
Broadly, the India welding consumables market is segmented on the basis of product and application. By product, the India welding consumables market is divided into SAW wires and fluxes, flux-cored wires, solid wires, and stick electrodes. By application, the India welding consumables market is classified into wear plate, oil and gas, power sector, marine, building and construction, automobile and transportation, and other such as repair and maintenance. The India welding consumables market will be significantly driven by the increasing consumption of steel in several end use industries, mentioned above.

Growing Oil and Gas Sector
The India welding consumables market will also benefit from the expanding Indian oil and gas industry. Moreover, the increasing number of offshore activities and projects will also fuel the overall India welding consumables market.  The rising investment in oil and gas and offshore sector is driving the growth of these industries by a great extent. Furthermore, the expanding power sector of the country will also drive the India welding consumables market.

This trend will provide significant growth opportunities to small and medium enterprises and multi-national corporations operating in the India welding consumables market. Some of the most prominent welding consumables manufacturers operating in the India welding consumables market are ESAB India Limited, Ador Welding Limited, Honavar Electrodes Private Limited, and Eureka Systems And Electrodes Private Limited. The key raw material manufactures in the India welding consumables market are Jayesh Group, Tata Steel Limited, Kamman Group, and Vyankatesh Metals & Alloys Pvt. Limited.

Nevertheless, the India welding consumables market will be suppressed by many challenges. The volatile supply of raw materials poses a key challenge to the India welding consumables market. Moreover, the rising foreign competition is also restraining the India welding consumables market. Another constraint of is the shortage of skilled labor, which will challenge many companies in the India welding consumables market.