MRO Components, Consumables & Tooling · Indirect
Monitoring · monthlyProcurement Category Intelligence
Welding Consumables - MIG Wire
Overview
Market size
$6.8B
global, USD
CAGR
4.6%
base to forecast
Buyer power
-1.6
supplier-favoured
Suppliers
7
tracked players
Signals
12
3 high severity
Market outlook
2031$8.5B
What changed
Demand by region
Asia Pacific demand42%
Europe demand24%
North America demand20%
Rest of world demand14%
share of global demandtotal 100%
Cost drivers
Steel Wire Rod Raw Material55%
Energy and Conversion Processing20%
Packaging and Spooling Components10%
Logistics and Freight Freight Transport10%
Chemical Surface Coating and Flux Elements5%
share of delivered cost (analyst estimate)