Market Overview:
The global flux cored welding wire market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The gas-shielded flux cored welding wire segment is expected to dominate the market with a share of 89% in 2018. This segment is also projected to grow at the highest CAGR during the forecast period. The application segments of machinery, structural fabrication, ship building, bridges and others are expected to witness high growth rates during the forecast period.
Product Definition:
Flux cored welding wire is a type of welding wire that uses a flux core to produce the weld. The flux core contains both the electrode and the shielding gas, which means that it does not require an external shielding gas supply like other types of welding wires do. This makes flux cored welding wire ideal for use in portable or limited-access applications.
Gas-shielded:
Gas-shielded welding wire is a type of metal-cored welding wire that has been coated with an inert gas such as argon, helium or carbon dioxide. The primary function of the gas-coated welding wire is to protect the weld pool from hot spots which can cause reignition and also control spatter. A typical GSWW consists of a core made up of high strength steel wires wrapped in an outer layer made up by using lower alloyed steel or aluminum.
Self-shielded:
Self-shielded welding wire is a type of electric arc welding equipment that uses a metal shield to protect the weld pool from oxidation and contamination. The product is used in various applications such as shipbuilding, offshore exploration, oil & gas pipelines fabrication and maintenance operations among others. It also finds application in heavy plate fabrication for steel structures on account of its ability to provide high heat input with low smoke and spatter.
Application Insights:
The machinery application segment accounted for the largest share of the global flux cored welding wire market in 2018. Flux cored welding wires are widely used in metal cutting applications as they have high penetration rates and can be used to weld a large range of metals with different characteristics. The ability to withstand high pressure without getting deformed is one of the key factors that are responsible for its increased use in machinery applications.
Flux corers or mig welders require only a small amount of shielding gas compared to MIG welder, which reduces their cost and makes them more energy efficient. These machines have replaceable electrode assemblies that consist of an inner core capable of handling high currents, along with an outer shield that protects people and surrounding areas from hazards associated with electricarcs such as sparks and flying particles during operation.
Regional Analysis:
Asia Pacific was the largest regional market in 2018 and accounted for a share of over 30%. The region is expected to continue its dominance over the forecast period. This can be attributed to increasing foreign investments in countries such as China, India, and Japan. For instance, according to The World Bank Group, FDI inflows into India grew by 6% from 2014 to 2017. Similarly, China’s Foreign Direct Investment (FDI) grew by 14% from 2014 to 2016.
North America is projected to grow at an estimated CAGR of XX% from 2018 till 2030 owing high product demand in shipbuilding industry coupled with government initiatives aimed at boosting infrastructure development across U.S., Canada & Mexico region which includes bridges & buildings etc.).
Growth Factors:
- Increasing demand for flux cored welding wire from the automotive and construction industries due to the growing need for lightweight and durable vehicles and structures.
- Rising popularity of flux cored welding as a cost-effective alternative to gas metal arc welding (GMAW) due to its high deposition rates and low weld porosity levels.
- Growing demand for automated welding systems that use flux cored wire, owing to its high deposition rates and low weld porosity levels.
- Technological advancements in flux core wires that have resulted in improved weld quality, productivity, and corrosion resistance.
Scope Of The Report
Report Attributes
Report Details
Report Title
Flux Cored Welding Wire Market Research Report
By Type
Gas-shielded, Self-shielded, Gas-shielded had a market share of 89% in 2018.
By Application
Machinery, Structural Fabrication, Ship Building, Bridges, Others
By Companies
ITW, Lincoln Electric, Kiswel, Voestalpine, Kobelco, Hyundai, TASETO, Tianjin Golden Bridge, Tianjin Bridge, Weld Atlantic, Jinglei Welding, Beijing Jinwei, Shandong Solid Solider, AT&M
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 Flux Cored Welding Wire Market Report Segments:
The global Flux Cored Welding Wire market is segmented on the basis of:
Types
Gas-shielded, Self-shielded, Gas-shielded had a market share of 89% in 2018.
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
Machinery, Structural Fabrication, Ship Building, Bridges, 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:
- ITW
- Lincoln Electric
- Kiswel
- Voestalpine
- Kobelco
- Hyundai
- TASETO
- Tianjin Golden Bridge
- Tianjin Bridge
- Weld Atlantic
- Jinglei Welding
- Beijing Jinwei
- Shandong Solid Solider
- AT&M
Highlights of The Flux Cored Welding Wire 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:
- Gas-shielded
- Self-shielded
- Gas-shielded had a market share of 89% in 2018.
- By Application:
- Machinery
- Structural Fabrication
- Ship Building
- Bridges
- 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 Flux Cored Welding Wire 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.
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- Correctly Positioning New Products
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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?
Flux Cored Welding Wire is a type of welding wire that has a flux core. The flux core helps to keep the weld joint clean and free from oxides, which makes the weld stronger.
Some of the key players operating in the flux cored welding wire market are ITW, Lincoln Electric, Kiswel, Voestalpine, Kobelco, Hyundai, TASETO, Tianjin Golden Bridge, Tianjin Bridge, Weld Atlantic, Jinglei Welding, Beijing Jinwei, Shandong Solid Solider, AT&M.
The flux cored welding wire market is expected to register a CAGR of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Flux Cored Welding Wire 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. Flux Cored Welding Wire Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Flux Cored Welding Wire Market - Supply Chain
4.5. Global Flux Cored Welding Wire Market Forecast
4.5.1. Flux Cored Welding Wire Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Flux Cored Welding Wire Market Size (000 Units) and Y-o-Y Growth
4.5.3. Flux Cored Welding Wire Market Absolute $ Opportunity
5. Global Flux Cored Welding Wire 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. Flux Cored Welding Wire Market Size and Volume Forecast by Type
5.3.1. Gas-shielded
5.3.2. Self-shielded
5.3.3. Gas-shielded had a market share of 89% in 2018.
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Flux Cored Welding Wire 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. Flux Cored Welding Wire Market Size and Volume Forecast by Application
6.3.1. Machinery
6.3.2. Structural Fabrication
6.3.3. Ship Building
6.3.4. Bridges
6.3.5. Others
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Flux Cored Welding Wire 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. Flux Cored Welding Wire 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 Flux Cored Welding Wire 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. Flux Cored Welding Wire 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 Flux Cored Welding Wire Demand Share Forecast, 2019-2026
9. North America Flux Cored Welding Wire 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 Flux Cored Welding Wire 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 Flux Cored Welding Wire Market Size and Volume Forecast by Application
9.4.1. Machinery
9.4.2. Structural Fabrication
9.4.3. Ship Building
9.4.4. Bridges
9.4.5. Others
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Flux Cored Welding Wire Market Size and Volume Forecast by Type
9.7.1. Gas-shielded
9.7.2. Self-shielded
9.7.3. Gas-shielded had a market share of 89% in 2018.
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 Flux Cored Welding Wire Demand Share Forecast, 2019-2026
10. Latin America Flux Cored Welding Wire 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 Flux Cored Welding Wire 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 Flux Cored Welding Wire Market Size and Volume Forecast by Application
10.4.1. Machinery
10.4.2. Structural Fabrication
10.4.3. Ship Building
10.4.4. Bridges
10.4.5. Others
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Flux Cored Welding Wire Market Size and Volume Forecast by Type
10.7.1. Gas-shielded
10.7.2. Self-shielded
10.7.3. Gas-shielded had a market share of 89% in 2018.
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 Flux Cored Welding Wire Demand Share Forecast, 2019-2026
11. Europe Flux Cored Welding Wire 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 Flux Cored Welding Wire 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 Flux Cored Welding Wire Market Size and Volume Forecast by Application
11.4.1. Machinery
11.4.2. Structural Fabrication
11.4.3. Ship Building
11.4.4. Bridges
11.4.5. Others
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Flux Cored Welding Wire Market Size and Volume Forecast by Type
11.7.1. Gas-shielded
11.7.2. Self-shielded
11.7.3. Gas-shielded had amarket share of 89% in 2018.
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 Flux Cored Welding Wire Demand Share, 2019-2026
12. Asia Pacific Flux Cored Welding Wire 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 Flux Cored Welding Wire 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 Flux Cored Welding Wire Market Size and Volume Forecast by Application
12.4.1. Machinery
12.4.2. Structural Fabrication
12.4.3. Ship Building
12.4.4. Bridges
12.4.5. Others
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Flux Cored Welding Wire Market Size and Volume Forecast by Type
12.7.1. Gas-shielded
12.7.2. Self-shielded
12.7.3. Gas-shielded had a market share of 89% in 2018.
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 Flux Cored Welding Wire Demand Share, 2019-2026
13. Middle East & Africa Flux Cored Welding Wire 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 Flux Cored Welding Wire 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 Flux Cored Welding Wire Market Size and Volume Forecast by Application
13.4.1. Machinery
13.4.2. Structural Fabrication
13.4.3. Ship Building
13.4.4. Bridges
13.4.5. Others
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Flux Cored Welding Wire Market Size and Volume Forecast by Type
13.7.1. Gas-shielded
13.7.2. Self-shielded
13.7.3. Gas-shielded had a market share of 89% in 2018.
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 Flux Cored Welding Wire Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Flux Cored Welding Wire Market: Market Share Analysis
14.2. Flux Cored Welding Wire Distributors and Customers
14.3. Flux Cored Welding Wire Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. ITW
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Lincoln Electric
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Kiswel
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Voestalpine
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Kobelco
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Hyundai
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. TASETO
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Tianjin Golden Bridge
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Tianjin Bridge
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Weld Atlantic
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Jinglei Welding
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Beijing Jinwei
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. Shandong Solid Solider
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. AT&M
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
