AKWELD WELDING MATERIALS GROUP SALES REPORT 2023 

(partial cut-off from official document)

Since the beginning of 2019, China’s welding consumables market size has shown year-on-year growth, with the market size reaching 38.11 billion yuan in 2022, representing a year-on-year growth of 15.1%. In terms of segmentation structure, at present, the market has formed a pattern with welding rods and gas-shielded solid wires as the main body, supplemented by flux-cored wires, submerged arc welding materials and flux.  With the improvement of engineering demand for welding efficiency and the popularity of welding robots, the development of solid wire, flux-cored wire and high-efficiency submerged arc welding consumables suitable for automated welding has accelerated significantly.        …….