Middle East MIG welding and Flux Cored Welding Wire Market Size - By Product Type (Solid MIG Welding Wires, Flux-Cored Welding Wires), By Material, By Thickness of Material, By End-Use & Forecast, 2024 – 2032
Report ID: GMI10975
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Published Date: August 2024
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Report Format: PDF
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Premium Report Details
Base Year: 2023
Companies covered: 15
Tables & Figures: 49
Countries covered: 6
Pages: 135
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Middle East MIG welding and Flux Cored Welding Wire Market Size
Middle East MIG welding and Flux Cored Welding Wire Market was valued at USD 177.2 million in 2023 and is anticipated to register a CAGR of 5.1% between 2024 and 2032. The Middle East and Africa are witnessing a high demand for welding technologies like MIG and flux-cored welding wire. This demand is driven by big investments in various sectors, especially in infrastructure development. Governments are spending a lot on building roads, bridges, airports, and ports to support economic growth and urbanization. These large projects need reliable and efficient welding solutions, making MIG and flux-cored welding wire very important.
The region's industrial landscape is changing quickly, with countries like the UAE, Saudi Arabia, and South Africa seeing more industrialization and growth in manufacturing. Industries such as automotive, aerospace, and heavy machinery are growing and need high-quality welding technologies to ensure their products are strong and reliable. For example, the International Trade Administration (ITA) reported that the UAE's automotive sector was worth about $5.3 billion in 2022 and is expected to keep growing. The aerospace industry in Saudi Arabia and the UAE is also expanding. Projects like Saudi Arabia's Vision 2030 focus on domestic manufacturing, which relies heavily on welding technologies like MIG and flux-cored welding to meet the needs of these growing sectors.
Furthermore, the oil and gas industry, which is crucial to the economies of the Middle East and Africa, also boosts the demand for welding solutions. Building pipelines, maintaining refineries, and developing offshore platforms all require advanced welding techniques. MIG and flux-cored welding wires are especially important in these tasks because they create strong, durable welds in tough conditions.
Small and medium-sized businesses (SME) in the Middle East and Africa often find it hard to adopt advanced welding technologies because the equipment, like MIG and flux-cored welding machines, is expensive. These high costs make it difficult for them to use these technologies, especially in industries where money is tight. As a result, the use of advanced welding solutions is slow. Additionally, there aren't enough skilled welders in the region who can use these machines, and the lack of good training programs makes it even harder for the market to grow.
Middle East MIG welding and Flux Cored Welding Wire Market Trends
In the Middle East, the MIG welding and flux-cored welding wire market is seeing major technological advancements, especially with more automation and robotics. Automated welding systems are becoming more popular because they improve precision, consistency, and productivity in manufacturing and construction. These systems help meet the growing demand for high-quality welds in sectors like automotive, aerospace, and heavy machinery. According to the International Federation of Robotics, the use of industrial robots in the Middle East increased by 12% in 2023.
Along with automation, the market is moving towards energy-efficient and eco-friendly welding solutions. Manufacturers are developing MIG and flux-cored welding wires that use less energy and produce fewer emissions, aligning with global sustainability goals. For example, the World Bank reports that energy-efficient technologies can reduce energy consumption by up to 30%. These green advancements not only meet regulatory requirements but also help reduce the environmental impact of welding operations.
Middle East MIG welding and Flux Cored Welding Wire Market Analysis
Based on Product Type, the solid MIG welding wires segment was worth over USD 117.4 million in 2023 and is expected to grow at a CAGR of 5.2% from 2024 to 2032, due to their extensive use in automotive, construction, and manufacturing sectors. They offer high welding efficiency with minimal spatter, making them ideal for clean and fast welds. Their cost-effectiveness and ease of use, along with the growing demand from regional infrastructure projects, have made them the preferred choice. According to the American Welding Society, the demand for welding consumables, including MIG welding wires, is expected to grow by 4.5% annually through 2028, driven by infrastructure development and industrial growth.
Based on End-User, the automotive & transportation segment accounted for over 25.1% of the market share in 2023 and is set to grow at a CAGR of 5.6% through 2032, because adults have strong buying power. This dominance is driven by the region's expanding automotive sector, which benefits from increasing consumer purchasing power and demand for vehicles. Additionally, the growing focus on domestic manufacturing and assembly in countries like the UAE and Saudi Arabia, alongside investments in transportation infrastructure, further boosts the need for high-quality welding solutions.
Saudi Arabia dominated about 22.8% share of the Middle East MIG welding and flux cored welding wire market in 2023. Saudi Arabia leads the market because of its large infrastructure projects under the Vision 2030 initiative, which include construction, industrial development, and transportation expansion. The growing oil and gas industry and the increasing demand for automotive and heavy machinery manufacturing also drive the need for advanced welding technologies. These factors make Saudi Arabia a key market, with growth expected to continue during the forecast period.
Middle East MIG welding and Flux Cored Welding Wire Market Share
The Middle East MIG welding and flux cored welding wire industry, with prominent players, such as ESAB Middle East FZE, Lincoln Electric Company and Ador Welding Limited, holding a market share of ~5-10%. Manufacturers are adopting strategic steps, such as mergers, acquisitions, partnerships, and collaborations, to meet the growing consumer demand and consolidate their position in the market.
Middle East MIG welding and Flux Cored Welding Wire Market Companies
Major players operating in the Middle East MIG welding and flux cored welding wire industry include:
Middle East MIG welding and Flux Cored Welding Wire Industry News
This Middle East MIG welding and Flux Cored Welding Wire Market research report includes in-depth coverage of the industry, with estimates & forecast in terms of revenue (USD Million) from 2021 to 2032, for the following segments:
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Market, By Product Type
Market, By Material
Market, By Thickness of Material
Market, By End-user
The above information is provided for the following regions and countries: