Summary

Persistence Market Research has recently released a comprehensive report on the global Underwater Welding Consumable Market, providing an in-depth analysis of key market dynamics, including driving forces, emerging trends, opportunities, and challenges. This report offers valuable insights into the market landscape, helping stakeholders make well-informed decisions.

Key Insights:

• Underwater Welding Consumable Market Size (2025E): USD 2.9 Bn
• Projected Market Value (2032F): USD 4.5 Bn
• Global Market Growth Rate (CAGR 2025 to 2032): 6.7%

Underwater Welding Consumable Market - Report Scope:

Underwater welding consumables are essential for conducting welding operations in submerged environments, primarily in industries such as oil and gas, marine infrastructure, and offshore renewable energy. The consumables used in underwater welding include electrodes, filler metals, flux, and other materials that ensure the welds are effective and durable under high-pressure, high-moisture conditions. This market is driven by the growing demand for maintenance and repair services in offshore industries, including oil rigs and ships, as well as advancements in welding technologies for underwater applications.

Market Growth Drivers:

Several factors are propelling the growth of the Underwater Welding Consumable market, including increasing demand for maintenance, repair, and installation services in the oil and gas sector, as well as marine infrastructure projects. The shift toward renewable energy sources and the need for offshore wind energy projects are driving demand for specialized underwater welding services. Furthermore, advancements in welding techniques and consumables that offer improved reliability, safety, and performance in challenging underwater conditions are enhancing market growth.

Market Restraints:

The Underwater Welding Consumable market faces certain challenges, including the high cost of consumables and the specialized skills required for underwater welding. Environmental risks associated with underwater welding operations, such as corrosion and pressure-related hazards, also pose challenges to the industry. Moreover, the limited number of certified underwater welding professionals and the high capital investment in underwater welding technology may restrict market expansion, particularly in emerging regions.

Market Opportunities:

The Underwater Welding Consumable market presents significant growth opportunities driven by technological advancements, especially in consumables designed for extreme underwater conditions. The increasing investments in offshore renewable energy projects, such as underwater wind farms and offshore tidal energy systems, provide a new avenue for market growth. Additionally, expanding the application of underwater welding in the repair and maintenance of critical marine infrastructure presents an opportunity for companies to capture market share in the coming years.

Key Questions Answered in the Report:

• What are the primary factors driving the global growth of the Underwater Welding Consumable market?
• Which regions and sectors are seeing the highest demand for underwater welding consumables?
• How are technological advancements in welding consumables impacting market dynamics?
• Who are the leading players in the Underwater Welding Consumable market, and what strategies are they employing to remain competitive?
• What are the emerging trends and future prospects for the global Underwater Welding Consumable market?

Competitive Intelligence and Business Strategy:

Key players in the Underwater Welding Consumable market, such as Broco Ranking, ESAB, and Lincoln Electric, are focusing on innovation, product development, and strategic partnerships to gain a competitive edge. These companies invest in developing new welding consumables that enhance the durability and efficiency of underwater welding operations. Strategic collaborations with offshore drilling companies, shipbuilders, and renewable energy project developers are crucial for expanding market reach. Additionally, focusing on safety standards and certifications is key to maintaining a competitive position in the growing underwater welding sector.

Key Companies Profiled:

• Broco Ranking
• ESAB (Elektriska Svetsnings-Aktiebolaget)
• Lincoln Electric
• Air Liquide Welding
• Kobelco Welding of America
• Sandvik AB
• Voestalpine Böhler Welding
• Tianjin Golden Bridge Welding Materials Group
• Kiswel Ltd.
• Arcon Welding Equipment
• Gedik Welding
• Kobe Steel, Ltd.

Underwater Welding Consumable Market Segmentation:

By Types of Consumables:
• Electrode
• Filler Metal
• Flux
• Other Consumables

By Welding Method:
• Wet
• Dry
• Hyperbaric

By End Use:
• Oil and Gas Industry
• Marine Infrastructure
• Ship Repair and Maintenance
• Offshore Renewable Energy
• Others

By Region:
• North America
• Europe
• East Asia
• South Asia and Oceania
• Latin America
• Middle East and Africa

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Table of Contents

1. Executive Summary
1.1. Global Underwater Welding Consumable Snapshot, 2025 - 2032
1.2. Market Opportunity Assessment, 2025 - 2032, US$ Bn
1.3. Key Market Trends
1.4. Future Market Projections
1.5. Premium Market Insights
1.6. Industry Developments and Key Market Events
1.7. PMR Analysis and Recommendations
2. Market Overview
2.1. Market Scope and Definition
2.2. Market Dynamics
2.2.1. Drivers
2.2.2. Restraints
2.2.3. Opportunity
2.2.4. Challenges
2.2.5. Key Trends
2.3. Macro-Economic Factors
2.3.1. Global Sectorial Outlook
2.3.2. Global GDP Growth Outlook
2.3.3. Other Macro-economic Factors
2.4. COVID-19 Impact Analysis
2.5. Forecast Factors - Relevance and Impact
2.6. Regulatory Landscape
2.7. Value Chain Analysis
2.7.1. List of Raw Materials Suppliers
2.7.2. List of Product Manufacturers
2.7.3. List of Product Distributors
2.7.4. List of End Users
2.8. PESTLE Analysis
2.9. Porter’s Five Force Analysis
3. Price Trend Analysis, 2019 - 2032
3.1. Key Highlights
3.2. Key Factors Impacting Product Prices
3.3. Pricing Analysis, By Types of Consumables
3.4. Regional Prices and Historical and Future Growth Trends
4. Global Underwater Welding Consumable Outlook: Historical (2019 - 2023) and Forecast (2025 - 2032)
4.1. Key Highlights
4.1.1. Market Volume (Unit) Projections
4.1.2. Market Size (US$ Bn) and Y-o-Y Growth
4.1.3. Absolute $ Opportunity
4.2. Market Size (US$ Bn) and Volume (Unit) Analysis and Forecast
4.2.1. Historical Market Size (US$ Bn) and Volume (Unit) Analysis, 2019 - 2023
4.2.2. Current Market Size (US$ Bn) and Volume (Unit) Analysis and Forecast, 2025 - 2032
4.3. Global Underwater Welding Consumable Outlook: Types of Consumables
4.3.1. Introduction / Key Findings
4.3.2. Historical Market Size (US$ Bn) and Volume (Unit) Analysis, By Types of Consumables, 2019 - 2023
4.3.3. Current Market Size (US$ Bn) and Volume (Unit) Analysis and Forecast, By Types of Consumables, 2025 - 2032
4.3.3.1. Electrode
4.3.3.2. Filler Metal
4.3.3.3. Flux
4.3.3.4. Other Consumables
4.4. Market Attractiveness Analysis: Types of Consumables
4.5. Global Underwater Welding Consumable Outlook: Welding Method
4.5.1. Introduction / Key Findings
4.5.2. Historical Market Size (US$ Bn) and Volume (Unit) Analysis, By Welding Method, 2019 - 2023
4.5.3. Current Market Size (US$ Bn) and Volume (Unit) Analysis and Forecast, By Welding Method, 2025 - 2032
4.5.3.1. Wet Welding
4.5.3.2. Dry Welding
4.5.3.3. Hyperbaric Welding
4.6. Market Attractiveness Analysis: Welding Method
4.7. Global Underwater Welding Consumable Outlook: End Use
4.7.1. Introduction / Key Findings
4.7.2. Historical Market Size (US$ Bn) and Volume (Unit) Analysis, By End Use, 2019 - 2023
4.7.3. Current Market Size (US$ Bn) and Volume (Unit) Analysis and Forecast, By End Use, 2025 - 2032
4.7.3.1. Oil & Gas Industry
4.7.3.2. Marine Infrastructure
4.7.3.3. Ship Repair & Maintenance
4.7.3.4. Offshore Renewable Energy
4.7.3.5. Others
4.8. Market Attractiveness Analysis: End Use
5. Global Underwater Welding Consumable Outlook: Region
5.1. Key Highlights
5.2. Historical Market Size (US$ Bn) and Volume (Unit) Analysis, By Region, 2019 - 2023
5.3. Current Market Size (US$ Bn) and Volume (Unit) Analysis and Forecast, By Region, 2025 - 2032
5.3.1. North America
5.3.2. Europe
5.3.3. East Asia
5.3.4. South Asia and Oceania
5.3.5. Latin America
5.3.6. Middle East & Africa
5.4. Market Attractiveness Analysis: Region
6. North America Underwater Welding Consumable Outlook: Historical (2019 - 2023) and Forecast (2025 - 2032)
6.1. Key Highlights
6.2. Pricing Analysis
6.3. Historical Market Size (US$ Bn) and Volume (Unit) Analysis, By Market, 2019 - 2023
6.3.1. By Country
6.3.2. By Types of Consumables
6.3.3. By Welding Method
6.3.4. By End Use
6.4. Current Market Size (US$ Bn) and Volume (Unit) Analysis and Forecast, By Country, 2025 - 2032
6.4.1. U.S.
6.4.2. Canada
6.5. Current Market Size (US$ Bn) and Volume (Unit) Analysis and Forecast, By Types of Consumables, 2025 - 2032
6.5.1. Electrode
6.5.2. Filler Metal
6.5.3. Flux
6.5.4. Other Consumables
6.6. Current Market Size (US$ Bn) and Volume (Unit) Analysis and Forecast, By Welding Method, 2025 - 2032
6.6.1. Wet Welding
6.6.2. Dry Welding
6.6.3. Hyperbaric Welding
6.7. Current Market Size (US$ Bn) and Volume (Unit) Analysis and Forecast, By End Use, 2025 - 2032
6.7.1. Oil & Gas Industry
6.7.2. Marine Infrastructure
6.7.3. Ship Repair & Maintenance
6.7.4. Offshore Renewable Energy
6.7.5. Others
6.8. Market Attractiveness Analysis
7. Europe Underwater Welding Consumable Outlook: Historical (2019 - 2023) and Forecast (2025 - 2032)
7.1. Key Highlights
7.2. Pricing Analysis
7.3. Historical Market Size (US$ Bn) and Volume (Unit) Analysis, By Market, 2019 - 2023
7.3.1. By Country
7.3.2. By Types of Consumables
7.3.3. By Welding Method
7.3.4. By End Use
7.4. Current Market Size (US$ Bn) and Volume (Unit) Analysis and Forecast, By Country, 2025 - 2032
7.4.1. Germany
7.4.2. France
7.4.3. U.K.
7.4.4. Italy
7.4.5. Spain
7.4.6. Russia
7.4.7. Turkey
7.4.8. Rest of Europe
7.5. Current Market Size (US$ Bn) and Volume (Unit) Analysis and Forecast, By Types of Consumables, 2025 - 2032
7.5.1. Electrode
7.5.2. Filler Metal
7.5.3. Flux
7.5.4. Other Consumables
7.6. Current Market Size (US$ Bn) and Volume (Unit) Analysis and Forecast, By Welding Method, 2025 - 2032
7.6.1. Wet Welding
7.6.2. Dry Welding
7.6.3. Hyperbaric Welding
7.7. Current Market Size (US$ Bn) and Volume (Unit) Analysis and Forecast, By End Use, 2025 - 2032
7.7.1. Oil & Gas Industry
7.7.2. Marine Infrastructure
7.7.3. Ship Repair & Maintenance
7.7.4. Offshore Renewable Energy
7.7.5. Others
7.8. Market Attractiveness Analysis
8. East Asia Underwater Welding Consumable Outlook: Historical (2019 - 2023) and Forecast (2025 - 2032)
8.1. Key Highlights
8.2. Pricing Analysis
8.3. Historical Market Size (US$ Bn) and Volume (Unit) Analysis, By Market, 2019 - 2023
8.3.1. By Country
8.3.2. By Types of Consumables
8.3.3. By Welding Method
8.3.4. By End Use
8.4. Current Market Size (US$ Bn) and Volume (Unit) Analysis and Forecast, By Country, 2025 - 2032
8.4.1. China
8.4.2. Japan
8.4.3. South Korea
8.5. Current Market Size (US$ Bn) and Volume (Unit) Analysis and Forecast, By Types of Consumables, 2025 - 2032
8.5.1. Electrode
8.5.2. Filler Metal
8.5.3. Flux
8.5.4. Other Consumables
8.6. Current Market Size (US$ Bn) and Volume (Unit) Analysis and Forecast, By Welding Method, 2025 - 2032
8.6.1. Wet Welding
8.6.2. Dry Welding
8.6.3. Hyperbaric Welding
8.7. Current Market Size (US$ Bn) and Volume (Unit) Analysis and Forecast, By End Use, 2025 - 2032
8.7.1. Oil & Gas Industry
8.7.2. Marine Infrastructure
8.7.3. Ship Repair & Maintenance
8.7.4. Offshore Renewable Energy
8.7.5. Others
8.8. Market Attractiveness Analysis
9. South Asia & Oceania Underwater Welding Consumable Outlook: Historical (2019 - 2023) and Forecast (2025 - 2032)
9.1. Key Highlights
9.2. Pricing Analysis
9.3. Historical Market Size (US$ Bn) and Volume (Unit) Analysis, By Market, 2019 - 2023
9.3.1. By Country
9.3.2. By Types of Consumables
9.3.3. By Welding Method
9.3.4. By End Use
9.4. Current Market Size (US$ Bn) and Volume (Unit) Analysis and Forecast, By Country, 2025 - 2032
9.4.1. India
9.4.2. Southeast Asia
9.4.3. ANZ
9.4.4. Rest of South Asia & Oceania
9.5. Current Market Size (US$ Bn) and Volume (Unit) Analysis and Forecast, By Types of Consumables, 2025 - 2032
9.5.1. Electrode
9.5.2. Filler Metal
9.5.3. Flux
9.5.4. Other Consumables
9.6. Current Market Size (US$ Bn) and Volume (Unit) Analysis and Forecast, By Welding Method, 2025 - 2032
9.6.1. Wet Welding
9.6.2. Dry Welding
9.6.3. Hyperbaric Welding
9.7. Current Market Size (US$ Bn) and Volume (Unit) Analysis and Forecast, By End Use, 2025 - 2032
9.7.1. Oil & Gas Industry
9.7.2. Marine Infrastructure
9.7.3. Ship Repair & Maintenance
9.7.4. Offshore Renewable Energy
9.7.5. Others
9.8. Market Attractiveness Analysis
10. Latin America Underwater Welding Consumable Outlook: Historical (2019 - 2023) and Forecast (2025 - 2032)
10.1. Key Highlights
10.2. Pricing Analysis
10.3. Historical Market Size (US$ Bn) and Volume (Unit) Analysis, By Market, 2019 - 2023
10.3.1. By Country
10.3.2. By Types of Consumables
10.3.3. By Welding Method
10.3.4. By End Use
10.4. Current Market Size (US$ Bn) and Volume (Unit) Analysis and Forecast, By Country, 2025 - 2032
10.4.1. Brazil
10.4.2. Mexico
10.4.3. Rest of Latin America
10.5. Current Market Size (US$ Bn) and Volume (Unit) Analysis and Forecast, By Types of Consumables, 2025 - 2032
10.5.1. Electrode
10.5.2. Filler Metal
10.5.3. Flux
10.5.4. Other Consumables
10.6. Current Market Size (US$ Bn) and Volume (Unit) Analysis and Forecast, By Welding Method, 2025 - 2032
10.6.1. Wet Welding
10.6.2. Dry Welding
10.6.3. Hyperbaric Welding
10.7. Current Market Size (US$ Bn) and Volume (Unit) Analysis and Forecast, By End Use, 2025 - 2032
10.7.1. Oil & Gas Industry
10.7.2. Marine Infrastructure
10.7.3. Ship Repair & Maintenance
10.7.4. Offshore Renewable Energy
10.7.5. Others
10.8. Market Attractiveness Analysis
11. Middle East & Africa Underwater Welding Consumable Outlook: Historical (2019 - 2023) and Forecast (2025 - 2032)
11.1. Key Highlights
11.2. Pricing Analysis
11.3. Historical Market Size (US$ Bn) and Volume (Unit) Analysis, By Market, 2019 - 2023
11.3.1. By Country
11.3.2. By Types of Consumables
11.3.3. By Welding Method
11.3.4. By End Use
11.4. Current Market Size (US$ Bn) and Volume (Unit) Analysis and Forecast, By Country, 2025 - 2032
11.4.1. GCC Countries
11.4.2. Egypt
11.4.3. South Africa
11.4.4. Northern Africa
11.4.5. Rest of Middle East & Africa
11.5. Current Market Size (US$ Bn) and Volume (Unit) Analysis and Forecast, By Types of Consumables, 2025 - 2032
11.5.1. Electrode
11.5.2. Filler Metal
11.5.3. Flux
11.5.4. Other Consumables
11.6. Current Market Size (US$ Bn) and Volume (Unit) Analysis and Forecast, By Welding Method, 2025 - 2032
11.6.1. Wet Welding
11.6.2. Dry Welding
11.6.3. Hyperbaric Welding
11.7. Current Market Size (US$ Bn) and Volume (Unit) Analysis and Forecast, By End Use, 2025 - 2032
11.7.1. Oil & Gas Industry
11.7.2. Marine Infrastructure
11.7.3. Ship Repair & Maintenance
11.7.4. Offshore Renewable Energy
11.7.5. Others
11.8. Market Attractiveness Analysis
12. Competition Landscape
12.1. Market Share Analysis, 2023
12.2. Market Structure
12.2.1. Competition Intensity Mapping by Types of Consumables
12.2.2. Competition Dashboard
12.3. Company Profiles (Details - Overview, Financials, Strategy, Recent Developments)
12.3.1. Broco Ranking
12.3.1.1. Overview
12.3.1.2. Segments and Products
12.3.1.3. Key Financials
12.3.1.4. Market Developments
12.3.1.5. Market Strategy
12.3.2. ESAB (Elektriska Svetsnings-Aktiebolaget)
12.3.3. Lincoln Electric
12.3.4. Air Liquide Welding
12.3.5. Kobelco Welding of America
12.3.6. Sandvik AB
12.3.7. Voestalpine Böhler Welding
12.3.8. Tianjin Golden Bridge Welding Materials Group
12.3.9. Kiswel Ltd.
12.3.10. Arcon Welding Equipment
12.3.11. Gedik Welding
12.3.12. Kobe Steel, Ltd.
12.3.13. Other Players
13. Appendix
13.1. Research Methodology
13.2. Research Assumptions
13.3. Acronyms and Abbreviations