Market Overview:
The global arc welding rods market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for arc welding rods in various end-use industries, such as marine industry, automotive industry, construction and bridge industry, machinery manufacturing industry, chemical industry and others. Arc welding rods are used in various applications such as gas tungsten arc welding (GTAW), gas metal arc welding (GMAW), flux cored arc welding (FCAW) and submerged arc welding (SAW). Based on type, the global market for Arc Welding Rods has been segmented into mild steel, stainless steel, aluminum alloy and rare earth tungsten. Mild steel is expected to account for the largest share of the global market in terms of value due to its high tensile strength and low cost. Stainless steel is also projected to witness significant growth during the forecast period owing to its properties such as resistance against corrosion and staining. Aluminum alloy is anticipated to be one of the fastest-growing segments due its light weight characteristics which make it suitable for use in transportation applications. Regionally speaking North America accounted for majority share of revenue generated by Arc Welding Rods Market followed by Europe region .Asia Pacific region will register highest CAGR over next 10 years owing rapid industrialization & infrastructural development activities across countries including China , India & Japan .
Product Definition:
Arc welding rods are an important part of the arc welding process. They provide the filler metal for the weld and come in a variety of different types and sizes. Arc welding rods are available in both solid and flux-cored form, and they can be used with either gas or stick welding.
Mild Steel:
Mild steel is a low carbon, ferrous alloy which contains iron, manganese and nickel. It has lower hardenability as compared to other steels but can be hardened by heat treatment. The product finds application in various sectors including construction industry, automotive industry and consumer goods sector among others owing to its properties such as ductility, malleability and corrosion resistance along with cost effectiveness.
Stainless Steel:
Stainless steel is a type of steel that has been through an additional finishing process, which makes it resistant to rust. It also contains various other metals like nickel and chromium in addition to carbon. The different types of stainless steels include ferritic, austenitic, and martensitic among others. Stainless steel is used for manufacturing welding rods as well as other products such as fume extractors, gas masks etc., due to its high corrosion resistance property.
Application Insights:
The marine industry was the largest application segment in 2016 and is expected to witness significant growth over the forecast period. The growing demand for ships, boats, yachts, and other vessels from various countries including China, India, Brazil is expected to propel product demand over the next seven years. In addition Arc Welding Rods are used in manufacturing of oil spill containment boom which helps in reducing environmental pollution by catching oil spills at sea.
Automotive application segment accounted for 7% of global market share in terms of revenue owing to increasing production levels across major economies such as U.S., Japan, Germany France Italy Mexico Canada China Russia Indonesia South Korea Colombia Thailand Spain Turkey Argentina Poland Saudi Arabia UAE Malaysia Pakistan Iran Morocco Africa Rest Of Middle East & Africa). Arc welding rods are widely used for joining or fabricating metal components required by automotive manufacturers as a part of an assembly line process or directly into a vehicle body panel (bonnet).
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The growth of this region can be attributed to increasing demand from countries such as China, India, Japan, South Korea, and Taiwan. These countries are witnessing rapid industrialization along with growing infrastructure activities owing to rising population. Growing demand for automobiles has also led to an increase in usage of welding rods across various industries in this region.
The Asia Pacific was followed by Europe which accounted for a share of more than 20% in terms of revenue in 2017 due to high consumption levels from major end-use industries including construction and automotive coupled with presence of prominent manufacturers operating within the region like Mecalux S.A., Schmolz GmbH & Co., KHS Bauchemie GmbH & Co.
Growth Factors:
- Increasing demand for arc welding rods in the automotive and construction industries due to the growing need for lightweight and durable products.
- Rising popularity of automated welding processes that require arc welding rods for efficient performance.
- Growing investments in research and development activities by leading players to develop innovative products that can meet the changing needs of consumers.
- Proliferation of online retail platforms that offer a wide range of arc welding rods at competitive prices, enabling consumers to purchase them as per their requirements.
Scope Of The Report
Report Attributes
Report Details
Report Title
Arc Welding Rods Market Research Report
By Type
Mild Steel, Stainless Steel, Luminum Alloy, Rare Earth Tungsten, Others
By Application
Marine Industry, Automotive, Construction and Bridge Industry, Machinery Manufacturing Industry, Chemical Industry, Others
By Companies
Lincoln Electric, AlcoTec Wire Corporation, Hobart Brothers, Saarstahl, Sumitomo Electric Industries, Haynes International
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
232
Number of Tables & Figures
163
Customization Available
Yes, the report can be customized as per your need.
Global Arc Welding Rods Market Report Segments:
The global Arc Welding Rods market is segmented on the basis of:
Types
Mild Steel, Stainless Steel, Luminum Alloy, Rare Earth Tungsten, Others
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Marine Industry, Automotive, Construction and Bridge Industry, Machinery Manufacturing Industry, Chemical Industry, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Lincoln Electric
- AlcoTec Wire Corporation
- Hobart Brothers
- Saarstahl
- Sumitomo Electric Industries
- Haynes International
Highlights of The Arc Welding Rods Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Mild Steel
- Stainless Steel
- Luminum Alloy
- Rare Earth Tungsten
- Others
- By Application:
- Marine Industry
- Automotive
- Construction and Bridge Industry
- Machinery Manufacturing Industry
- Chemical Industry
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Arc Welding Rods Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Arc welding rods are made of a metal wire that is heated until it becomes molten. The molten wire is then forced through a gas-filled arc welder, where it forms a weld between the two pieces of metal.
Some of the major companies in the arc welding rods market are Lincoln Electric, AlcoTec Wire Corporation, Hobart Brothers, Saarstahl, Sumitomo Electric Industries, Haynes International.
The arc welding rods market is expected to register a CAGR of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Arc Welding Rods Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Arc Welding Rods Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Arc Welding Rods Market - Supply Chain
4.5. Global Arc Welding Rods Market Forecast
4.5.1. Arc Welding Rods Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Arc Welding Rods Market Size (000 Units) and Y-o-Y Growth
4.5.3. Arc Welding Rods Market Absolute $ Opportunity
5. Global Arc Welding Rods Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Arc Welding Rods Market Size and Volume Forecast by Type
5.3.1. Mild Steel
5.3.2. Stainless Steel
5.3.3. Luminum Alloy
5.3.4. Rare Earth Tungsten
5.3.5. Others
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Arc Welding Rods Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Arc Welding Rods Market Size and Volume Forecast by Application
6.3.1. Marine Industry
6.3.2. Automotive
6.3.3. Construction and Bridge Industry
6.3.4. Machinery Manufacturing Industry
6.3.5. Chemical Industry
6.3.6. Others
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Arc Welding Rods Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Arc Welding Rods Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Arc Welding Rods Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Arc Welding Rods Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Arc Welding Rods Demand Share Forecast, 2019-2026
9. North America Arc Welding Rods Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Arc Welding Rods Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Arc Welding Rods Market Size and Volume Forecast by Application
9.4.1. Marine Industry
9.4.2. Automotive
9.4.3. Construction and Bridge Industry
9.4.4. Machinery Manufacturing Industry
9.4.5. Chemical Industry
9.4.6. Others
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Arc Welding Rods Market Size and Volume Forecast by Type
9.7.1. Mild Steel
9.7.2. Stainless Steel
9.7.3. Luminum Alloy
9.7.4. Rare Earth Tungsten
9.7.5. Others
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Arc Welding Rods Demand Share Forecast, 2019-2026
10. Latin America Arc Welding Rods Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Arc Welding Rods Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Arc Welding Rods Market Size and Volume Forecast by Application
10.4.1. Marine Industry
10.4.2. Automotive
10.4.3. Construction and Bridge Industry
10.4.4. Machinery Manufacturing Industry
10.4.5. Chemical Industry
10.4.6. Others
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Arc Welding Rods Market Size and Volume Forecast by Type
10.7.1. Mild Steel
10.7.2. Stainless Steel
10.7.3. Luminum Alloy
10.7.4. Rare Earth Tungsten
10.7.5. Others
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Arc Welding Rods Demand Share Forecast, 2019-2026
11. Europe Arc Welding Rods Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Arc Welding Rods Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Arc Welding Rods Market Size and Volume Forecast by Application
11.4.1. Marine Industry
11.4.2. Automotive
11.4.3. Construction and Bridge Industry
11.4.4. Machinery Manufacturing Industry
11.4.5. Chemical Industry
11.4.6. Others
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Arc Welding Rods Market Size and Volume Forecast by Type
11.7.1. Mild Steel
11.7.2. Stainless Steel
11.7.3. Luminum Alloy
11.7.4. Rare Earth Tungsten
11.7.5. Others
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Arc Welding Rods Demand Share, 2019-2026
12. Asia Pacific Arc Welding Rods Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Arc Welding Rods Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Arc Welding Rods Market Size and Volume Forecast by Application
12.4.1. Marine Industry
12.4.2. Automotive
12.4.3. Construction and Bridge Industry
12.4.4. Machinery Manufacturing Industry
12.4.5. Chemical Industry
12.4.6. Others
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Arc Welding Rods Market Size and Volume Forecast by Type
12.7.1. Mild Steel
12.7.2. Stainless Steel
12.7.3. Luminum Alloy
12.7.4. Rare Earth Tungsten
12.7.5. Others
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Arc Welding Rods Demand Share, 2019-2026
13. Middle East & Africa Arc Welding Rods Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Arc Welding Rods Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Arc Welding Rods Market Size and Volume Forecast by Application
13.4.1. Marine Industry
13.4.2. Automotive
13.4.3. Construction and Bridge Industry
13.4.4. Machinery Manufacturing Industry
13.4.5. Chemical Industry
13.4.6. Others
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Arc Welding Rods Market Size and Volume Forecast by Type
13.7.1. Mild Steel
13.7.2. Stainless Steel
13.7.3. Luminum Alloy
13.7.4. Rare Earth Tungsten
13.7.5. Others
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Arc Welding Rods Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Arc Welding Rods Market: Market Share Analysis
14.2. Arc Welding Rods Distributors and Customers
14.3. Arc Welding Rods Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Lincoln Electric
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. AlcoTec Wire Corporation
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Hobart Brothers
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Saarstahl
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Sumitomo Electric Industries
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Haynes International
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. COMPANY7
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. COMPANY8
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. COMPANY9
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. COMPANY 10
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. COMPANY 11
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. COMPANY 12
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
