Global Mexico Welding Consumables Market by Product (Fluxes, Saw Wires, Stick Electrodes, Solid wires, Flux-cored Wires) and Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast To 2028

Industry Insights

Mexico's welding consumables market was valued at USD 568.1 millions in 2018. It is expected to grow 7.1% between 2019 and 2025. Over the forecast period, the demand for consumables and welding technologies is expected to grow due to the country's growing manufacturing sector. Industry growth will be supported by rising demand for strong bonding and a weld mechanism in heavy duty machines.

Industry growth is likely to be supported by technological improvements that improve the durability and performance machinery and automobile components. These consumables allow for the bonding of metal parts in a variety of applications within the manufacturing industry. These products are expected to have a positive effect on the market due to their cost-efficiency.

Stick electrodes were the most popular product category in Mexico in 2018, according to 2018. The country's aerospace and automotive manufacturing sectors have been a key contributor to its growth. The country's increasing number of multinational manufacturing companies is expected to increase the demand for welder consumable products.

High-performance metals like copper, nickel and stainless Steel are used to manufacture the welding consumable products. The operations have been enhanced by technological innovations made possible by major players. These factors will likely drive demand for the product in manufacturing automotive parts and heavy machinery.

These products are used in welding technologies like arc, resistance, and laser beam. They are popular in many industries due to their strong bonding and smooth finish. The growth is expected to be slowed by the high labor costs associated with welding operations.

Automation technologies have led to the widespread use of robotic arms in welding operations. This allows for efficient and accurate welding and cutting of metal components. The market for welding consumables in Mexico has seen a rise in precision and increasing demand for smaller machinery.

Technology Insights

Arc welding was the most popular technology segment in Mexico in 2018, accounting for 39.3% market revenue in Mexico. This technology is becoming more popular due to its ability to weld many metals in a variety of thicknesses and with great flexibility. The industry's growth has been supported by the introduction of robotic-arc welding machinery.

The rising demand for resistance welding is due to its high structural stability and low cost. This technology is used in automotive manufacturing for seam, spot, and projection welding. The technology's low environmental impact and rigidity will likely support growth during the forecast period.

Oxy-fuel welding technology is highly cost-effective and the equipment and products are widely used in industrial manufacturing applications across the country. Its ability to control heat and temperature regardless of the filler material has allowed its widespread use in straightening and bending, surfacing brazing, braze welding and other related operations.

In 2018, the laser beam technology consumables market was worth USD 90.0 million. This forecast period will see the highest CAGR. This technology uses a concentrated heat source to weld small parts or difficult-to-use designs.

Product Insights

Stick electrodes were the most popular product category in 2018, contributing USD 202.4 millions to the overall revenue. Stick electrode welding uses electricity supplied by the equipment. This energizes the electrode and generates intense heat. Because of their excellent properties, such as corrosion resistance, ductility and high tensile strengths, stick electrodes are widely used for arc welding.

Solid wires are versatile and durable, making them a great choice for applications such as home electrical wiring or breadboards that use flexible wires. These wires are very cost-effective and easy to bend. They are also widely used in welding applications. These wires are also cheaper to produce than their counterparts, and can be used in flexible applications.

Flux-cored wires have a fast deposition rate which allows for strong welds. They work well with objects that are difficult or impossible to weld. These wires can be used for welding purposes such as shipbuilding, bridge construction, general fabrication, and other areas. Flux-cored wires can also be used in areas that require flat or vertical welding.

In 2018, Mexico's demand for saw and fluxes was worth USD 82.5 millions. The composition of saw wires and wires is affected by the use of fluxes. This in turn improves the product's mechanical properties. Due to stringent regulations in Mexico and a lack of skilled labor, the market for saw wires and fluxes is expected to see moderate growth during the forecast period.

End-use Insights

The largest revenue share was held by the automotive and transport application in 2018. It is expected to grow at 8.1% during the forecast period. The country's skilled workforce and prominent manufacturers are expected to increase the demand for automotive and transport manufacturing.

Industry growth is fueled by continuous innovation in welding technology to weld large and complex structures. These products are in high demand due to increasing urbanization and infrastructure development. The country is expected to see an increase in demand for green construction products and bridge lock-up devices systems that prolong the life of buildings.

These products are primarily used in marine applications to produce smooth hull surfaces. This reduces the ship's power consumption and helps decrease bare hull resistance. The favorable outlook for Mexico's marine industry is due to strong global chemical demand, high export-oriented refinery capacities, and a strong demand for such products in marine application. This will likely drive the marine product demand over the forecast period.

The market for welding consumables will see a rise in demand for high-performance, better quality and critical components. The country's natural gas consumption is expected to increase by 64% between 2027 and 2027. This will lead to an increase in demand for essential components which will positively impact the market.

Mexico Shares Consumables Market Insights

The key players are also working to improve their offerings and offer advanced technology products and services. For a stronger presence in the market, strategic initiatives such as mergers and acquisitions or joint ventures are also considered.

The market's most prominent players include Colfax Corporation, Voestalpine GmbH; The Lincoln Electric Company; Obara Corporation and CenterLine Holding Inc. These companies compete on the basis of designs, pricing structures, and material quality. To remain competitive on the market, players also focus on offering other products and services.

Report Scope

The Report Covers Certain Segments

This report provides a forecast of revenue growth at the national level and analyzes the most recent industry trends in each sub-segment from 2014 to 2025. Grand View Research has divided the Mexico welding consumables industry report on the basis of technology, product and end use.

• Technology Outlook (Revenue USD Million, 2014-2025)

  • Arc Welding

  • Resistance is possible

  • Oxy-Fuel Welding

  • Laser beam welding

  • Other

• Product Outlook (Revenue USD Million, 2014-2025)

  • Stick Electrodes

  • Solid Wires

  • Flux-Cored Wires

  • Fluxes and saw wires

  • Other

• End-use Outlook (Revenue USD Million, 2014-2025)

  • Automotive & Transportation

  • Building & Construction

  • Marines

  • Other

Up Market Research published a new report titled “Mexico Welding Consumables Market research report which is segmented by Product (Fluxes, Saw Wires, Stick Electrodes, Solid wires, Flux-cored Wires), By Players/Companies pricing structures Moreover, Colfax Corporation; Voestalpine AG; The Lincoln Electric Company; Obara Corporation; and CenterLine Holding Inc These players compete based on designs, material quality, players are focusing on providing other products and services to stay competitive in the market”. As per the study the market is expected to grow at a CAGR of XX% in the forecast period.

Report Scope

The report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics of the industry. It provides an in-depth analysis of the market segments which include products, applications, and competitor analysis.

Global Mexico Welding Consumables Market Report Segments:

The market is segmented by Product (Fluxes, Saw Wires, Stick Electrodes, Solid wires, Flux-cored Wires).

Mexico Welding Consumables Market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. It is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report.

Key Benefits for Industry Participants & Stakeholders:

• Industry drivers, restraints, and opportunities covered in the study
• Neutral perspective on the market performance
• Recent industry trends and developments
• Competitive landscape & strategies of key players
• Potential & niche segments and regions exhibiting promising growth covered
• Historical, current, and projected market size, in terms of value
• In-depth analysis of the Mexico Welding Consumables Market

Overview of the regional outlook of the Mexico Welding Consumables Market:

Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa (MEA). North America region is further bifurcated into countries such as U.S., and Canada. The Europe region is further categorized into U.K., France, Germany, Italy, Spain, Russia, and Rest of Europe. Asia Pacific is further segmented into China, Japan, South Korea, India, Australia, South East Asia, and Rest of Asia Pacific. Latin America region is further segmented into Brazil, Mexico, and Rest of Latin America, and the MEA region is further divided into GCC, Turkey, South Africa, and Rest of MEA.

Highlights of The Mexico Welding Consumables Market Report:

1. The market structure and projections for the coming years.
2. Drivers, restraints, opportunities, and current trends of Mexico Welding Consumables Market.
3. Historical data and forecast.
4. Estimations for the forecast period 2028.
5. Developments and trends in the market.

                1. Fluxes

                2. Saw Wires

                3. Stick Electrodes

                4. Solid wires

                5. Flux-cored Wires

7. Market scenario by region, sub-region, and country.
8. Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
9. Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
10. Government Policies, Macro & Micro economic factors are also included in the report.

We have studied the Mexico Welding Consumables Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2028.

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• Correctly Positioning New Products
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Reasons to Purchase the Mexico Welding Consumables Market Report:

• The report includes a plethora of information such as market dynamics scenario and opportunities during the forecast period
• Segments and sub-segments include quantitative, qualitative, value (USD Million,) and volume (Units Million) data.
• Regional, sub-regional, and country level data includes the demand and supply forces along with their influence on the market.
• The competitive landscape comprises share of key players, new developments, and strategies in the last three years.
• Comprehensive companies offering products, relevant financial information, recent developments, SWOT analysis, and strategies by these players.