A review of the domestic market for protective and hardening coating equipment and materials, welding tools and fixtures in 2023 and 2024

By the end of 2023, the Russian market for equipment and materials for protective and strengthening coatings, tools and devices for welding works has gradually overcome the challenges faced by its participants and consumers a year earlier. We will tell you about the current state of the sector and the main prospects for specialists.

2023 Results and Current Situation

The global market for equipment and materials for protective coatings is set to grow by 5-5.5% on average each year, according to Market Research Future. By 2025, the market will reach $30 billion. The main driver is the gradual recovery of industrial production (primarily aircraft and automobile manufacturing) and construction, as well as increasing demand from the oil and gas complex. Market Research Future experts have stated that Asian countries will continue to lead in terms of consumption of such equipment and materials until at least 2030.

The Russian market for equipment and materials for protective and hardening coatings is growing at a comparable rate to the global market. At the same time, it is undergoing a transformation that began in 2022 due to geopolitical events. As a result, a number of major manufacturers (Oerlikon, Saint-Gobain, Linde) stopped supplying and servicing equipment. A similar situation can be observed in the segment of protective materials. The departure of European players undoubtedly had a negative impact on the Russian market. However, Russian suppliers managed to reverse the negative trend by providing the market with adequate replacements.

The situation in the welding accessories segment is quite different. Both the global and Russian markets are growing at a rate of 5-7% annually. However, unlike the protective coating equipment segment, domestic manufacturers are meeting the needs of the domestic market for welding accessories.

Key Trends in 2024

The gradual recovery of industrial production and increase in construction rates will undoubtedly have a positive impact on the demand for equipment and materials for protective coatings and welding equipment. Furthermore, the country's leadership has set ambitious goals in terms of ensuring technological sovereignty and increasing the volume of construction and industrial production. As a result, with the modernization and launch of new enterprises, as well as the start of construction of new facilities, the demand for equipment and materials for protective coatings and welding accessories will inevitably grow.

Import substitution and the launch of domestic production facilities are essential for the implementation of these large-scale plans. In 2023-2024, a number of domestic developments of equipment for protective coating application made their debut. These include the ML7 adaptive system from Lasers and Hardware in Moscow and vacuum units from SAVTEK.

It is therefore likely that the upward trend in the share of Russian products in the segments of equipment and materials for protective coatings, as well as devices for welding works, will continue in 2024. Furthermore, domestic analogs with comparable characteristics are cheaper, which is important in the context of increasing costs for buyers of such products.

Why Should You Visit Weldex?

Industry events are an excellent tool for solving one of the key business tasks - finding new manufacturers and suppliers. The Weldex International Exhibition of Welding Materials, Equipment and Technologies is no exception. In 2023, 168 manufacturers from Russia, Turkey, India, and China presented their products at the exhibition, representing a 27% increase over the previous year.

At Weldex, you can meet with manufacturers of equipment and materials for protective coatings, welding accessories, and discuss long-term, profitable cooperation. Seventy-eight percent of attendees indicated that they plan to make purchases following the results of the exhibition. More than 80 companies have already confirmed their participation in the 2024 exposition.

Russian Market Of Equipment And Materials For Protective And Strengthening Coatings, Tools And Devices For Welding