MRO Components, Consumables & Tooling · Indirect
Monitoring · monthlyProcurement Category Intelligence
Welding Consumables - Stick Electrodes
Overview
Market size
$14.2B
global, USD
CAGR
4.1%
base to forecast
Buyer power
-2.4
supplier-favoured
Suppliers
7
tracked players
Signals
12
3 high severity
Market outlook
2031$17.4B
What changed
Demand by region
Asia Pacific demand43%
North America demand22%
Europe demand20%
Latin America demand8%
Rest of world demand7%
share of global demandtotal 100%
Cost drivers
Steel core wire rod raw material45%
Flux coating minerals and binders20%
Manufacturing energy and utility costs15%
Packaging and moisture-proof storage10%
Outbound freight and logistics10%
share of delivered cost (analyst estimate)