The Indian welding and soldering consumables market is witnessing vigorous growth on the back of several parameters that depict the growth of India's industrial environment. The market is growing at a steady CAGR driven by the growing demand in different sectors such as automotive, construction and infrastructure development. The government’s focus on infrastructure projects is one of the primary drivers of this growth, such as the “Make in India” initiative, that seeks to boost domestic manufacturing. That has created a spike in demand for welding and soldering consumables as businesses speed up production capabilities. Furthermore, the development of smart manufacturing and deployment of the latest welding methods have made it even more important to have the right consumables, including welding wires, rods and flux.
Market is shaped by technological advancements as well. Welding processes that require automation and robotics have raised the need for consumables that guarantee precision and efficiency. Manufacturers have been increasingly working towards developing innovative products which can serve to meet the different industrial applications, and the quality and durability of welds increases. Additionally, the call for sustainability and eco-friendly practices has led companies to search for alternative products to conventional consumables. As a result, we are witnessing the development of new materials and products that will decrease environmental impact while maintaining performance standards.
In this special issue, we introduce you to the top companies in this segment. Industry Outlook has identified the select few companies that have done particularly well in this sector with a high level of dedication. We have found that these companies have gone the extra mile in proving their commitment to meet the customer needs in an integrated manner.
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