India Welding Consumables Market to Double and Reach USD 2.4 Billion by 2035 - TMR

According to the latest market assessment, the India Welding Consumables Market is projected to grow from US$ 1.2 billion in 2024 to US$ 2.4 billion by 2035, expanding at a healthy CAGR of 6.4% between 2025 and 2035. The market's growth is primarily driven by India's rapid infrastructure development, surging automotive manufacturing, and industrial modernization initiatives under government programs like "Make in India" and the Production Linked Incentive (PLI) scheme.

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Analysts' Viewpoint: Construction and Automotive Sectors Anchor India's Welding Consumables Growth

Industry analysts highlight that stick electrodes continue to dominate the Indian welding consumables landscape, accounting for 46% of total market share. Their widespread use in construction, repair, and rail infrastructure applications underlines the strong demand from India's infrastructure-driven economy.

"India's welding consumables market is moving beyond traditional manual welding applications toward automation, digital welding, and flux-cored wire technologies, signaling an era of modernization in India's manufacturing and fabrication industries," said the report's lead analyst.

Market Dynamics

Rapid Infrastructure Development and Urbanization Driving Welding Demand

India's aggressive infrastructure programs are significantly boosting the need for welding materials, particularly electrodes, fluxes, and filler wires.

The Bharatmala Pariyojana targets 34,800 km of highway construction, while the Smart Cities Mission encompasses over 100 cities under development.

Government spending on infrastructure in FY2023 stood at US$ 431.9 billion, up nearly 30% year-on-year.

The Pradhan Mantri Awas Yojana (PMAY) aims to build 11 million urban homes, driving sustained demand for welding consumables used in structural steel fabrication and construction.

These initiatives have created a strong pipeline for welding consumable manufacturers, particularly for manual metal arc electrodes and solid wires used in civil engineering and public works.

Expanding Automotive and Manufacturing Sector Accelerating Market Growth

India's rise as a global automotive manufacturing hub continues to push demand for high-performance welding consumables.

India is now the third-largest automobile market globally, with production volumes exceeding 25.9 million vehicles.

The PLI scheme worth US$ 14.9 billion supports localization and advanced manufacturing in sectors such as defense, electronics, and heavy machinery, all of which depend on high-quality welding.

Automotive exports grew 15% in FY2023, boosting demand for MIG and TIG wires used in precision welding of vehicle frames, chassis, and components.

As manufacturing modernizes, the adoption of robotic and automated welding is increasing, stimulating the shift toward flux-cored and solid wire consumables offering higher efficiency and consistent weld quality.

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Product Insights

Stick Electrodes - Dominant Type Segment

Stick electrodes remain the most widely used welding consumables, holding over 46% of India's market share. Their cost-effectiveness, ease of application, and suitability for outdoor and on-site work make them indispensable in India's infrastructure sector.
Large-scale public projects such as metro rail expansions in over 15 cities, the Mumbai Trans Harbour Link, and industrial corridor developments heavily rely on stick electrodes for structural and repair welding operations.

Technological Shift Toward Advanced Welding Techniques

Emerging trends indicate increasing adoption of Arc Welding, Resistance Welding, and Ultrasonic Welding methods, supported by government incentives and digitalization in manufacturing.
With the integration of energy-efficient systems and automation, Indian industries are shifting to MIG/TIG and flux-cored wires, offering enhanced productivity and precision across automobile, power, and oil & gas sectors.

Regional Insights

Maharashtra Leads India's Welding Consumables Market

Maharashtra dominates the market with approximately 18% of national share, contributing significantly due to its robust industrial ecosystem and diversified manufacturing base.

The state accounts for nearly 20% of India's industrial output and houses 11% of registered factories.

Industrial hubs such as Pune, Mumbai, and Nashik host extensive operations in automotive, shipbuilding, and heavy engineering, where welding is mission-critical.

Ongoing mega projects like the Pune Metro and Mumbai Trans Harbour Link continuously generate demand for consumables like solid wires, electrodes, and fluxes.

Other key regions such as Gujarat, Tamil Nadu, and Karnataka are also witnessing rapid expansion due to manufacturing cluster development and export-oriented fabrication units.

Competitive Landscape

The India Welding Consumables Market features both domestic champions and multinational leaders competing through innovation, product quality, and nationwide distribution networks.

Key Players:

ESAB India Limited - Market leader with a diverse product portfolio spanning electrodes, wires, and fluxes. ESAB's 2023 launch of the EM 210 digital welding machine reduced energy use by 20%, aligning with its sustainability goals and a 30% emissions reduction target by 2025.

Ador Welding Limited - Second-largest player, with strong dominance in electrodes and fluxes. In 2024, Ador became the first Indian company to achieve ASME standard compliance, enhancing its reputation in nuclear and heavy engineering sectors.

Other significant players include Alpha Electrodes, D&H Sécheron Electrodes Pvt. Ltd., Lincoln Electric (India), Voestalpine Böhler Welding India, Rasi Electrodes Ltd., ESS AAR Industries, and Kobe Steel Ltd.

These companies are leveraging R&D capabilities, localization strategies, and digital solutions to expand their footprint in automotive, infrastructure, and power sectors.

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Recent Industry Developments

2024: Ador Welding Limited achieved ASME certification - a milestone that reinforces India's self-reliance in critical engineering materials under the Make in India initiative.

2023: ESAB India Limited introduced its energy-efficient EM 210 digital welding machine, achieving a 20% reduction in power use and highlighting innovation in sustainable manufacturing practices.

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