Market Overview:
The global stick welding electrode market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in the market can be attributed to the increasing demand for welded products from various end-use industries, such as automotive, construction, aerospace and defense, shipbuilding and pipeline industries. In terms of type, the heat-resistant steel electrode segment is expected to lead the global stick welding electrode market during the forecast period. This can be attributed to its growing demand from various end-use industries owing to its properties such as high strength and corrosion resistance.
Product Definition:
A stick welding electrode is a metal rod that is used to create a weld. It is important to use a stick welding electrode because it provides a strong and durable weld.
Heat-resistant Steel Electrode:
The heat-resistant steel electrode is a special type of welding electrode designed to be used in applications where the temperature rises above 300°C. The material is made from carbon and chromium-rich low alloyed steel, which offers high electrical resistance along with enhanced mechanical properties such as toughness and strength.
Low Temperature Steel Electrode:
Low temperature steel electrode is a type of welding electrode which is made from high carbon chromium and low alloy content metals. These electrodes are used in stick welding processes as they have better electrical resistance than other electrodes. Low temperature steel electrodes are available in different forms such as rods, bars and sheets. They differ according to their thickness, composition and shape which can be customized based on customer requirements.
Application Insights:
Automotive industry was the largest application segment in 2016 and is expected to continue its dominance over the forecast period. Automobiles are manufactured with high-performance materials and components to ensure durability, safety, and performance. Stick welding is used for joining various automotive components including engine parts, transmission cases, body panels, seat pan frames & bolster assemblies on account of their complex shapes.
The construction industry accounted for 15% of global market share in terms of revenue in 2016 owing to increasing use of stick welding electrodes for assembling steel structures such as beams & columns from raw material including iron & steel alloys and cast iron products. The product has a significant demand from other industries such as aerospace & defense which accounts for 10% global market share due to growing use of aluminum alloys that require heat treatment process after being forged or extruded into long bars or strips by means of stick welder equipment at the time when they are about 0.8 mm thick or thin (depending upon their type).
Regional Analysis:
Asia Pacific dominated the global stick welding electrode market in 2017 and is expected to continue its dominance over the forecast period. The presence of a large number of manufacturers coupled with rising demand from end-use industries such as shipbuilding, automotive, and construction is anticipated to drive growth. China accounted for a major share in terms of production owing to low labor cost along with easy availability of land space for manufacturing facilities.
The growing population coupled with increasing disposable income has resulted into increased spending on consumer goods which will have positive impacts on industry growth over the coming years. Furthermore, India offers huge opportunities due to rapid industrialization along with supportive government initiatives such as “Make In India†campaign that encourages domestic manufacturing activities by offering various tax benefits and subsidies are expected to boost industry size in near future.
Growth Factors:
- Increasing demand for automobiles and transportation equipment
- Growing construction and infrastructure activities
- Rising demand from the manufacturing sector
- Rapid industrialization in developing countries
- Technological advancements
Scope Of The Report
Report Attributes
Report Details
Report Title
Stick Welding Electrode Market Research Report
By Type
Heat-resistant Steel Electrode, Low Temperature Steel Electrode, Others
By Application
Automobile Industry, Construction Industry, Aerospace And Defense Industry, Shipbuilding Industry, Pipeline Industry
By Companies
Gloden Bridge, Tianjin Bridge, Weld Atlantic, Shandong Solid Solider, Shandong Juli Welding, Zhujiang Xiangjiang Welding, Wuhan Temo Welding, Changzhou Huatong Welding, Colfax, ITW, Gloden Bridge, Lincoln Electric, Voestalpine, Sandvik, Gedik Welding, CORODUR, Jinglei Welding
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
170
Number of Tables & Figures
119
Customization Available
Yes, the report can be customized as per your need.
Global Stick Welding Electrode Market Report Segments:
The global Stick Welding Electrode market is segmented on the basis of:
Types
Heat-resistant Steel Electrode, Low Temperature Steel Electrode, 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
Automobile Industry, Construction Industry, Aerospace And Defense Industry, Shipbuilding Industry, Pipeline Industry
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:
- Gloden Bridge
- Tianjin Bridge
- Weld Atlantic
- Shandong Solid Solider
- Shandong Juli Welding
- Zhujiang Xiangjiang Welding
- Wuhan Temo Welding
- Changzhou Huatong Welding
- Colfax
- ITW
- Gloden Bridge
- Lincoln Electric
- Voestalpine
- Sandvik
- Gedik Welding
- CORODUR
- Jinglei Welding
Highlights of The Stick Welding Electrode 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:
- Heat-resistant Steel Electrode
- Low Temperature Steel Electrode
- Others
- By Application:
- Automobile Industry
- Construction Industry
- Aerospace And Defense Industry
- Shipbuilding Industry
- Pipeline Industry
- 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 Stick Welding Electrode 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?
A stick welding electrode is a type of welding electrode that is made from a metal rod that has been bent into a U-shape. The U-shape makes it easier to hold the electrode while you are welding, and it also allows you to weld at an angle.
Some of the major companies in the stick welding electrode market are Gloden Bridge, Tianjin Bridge, Weld Atlantic, Shandong Solid Solider, Shandong Juli Welding, Zhujiang Xiangjiang Welding, Wuhan Temo Welding, Changzhou Huatong Welding, Colfax, ITW, Gloden Bridge, Lincoln Electric, Voestalpine, Sandvik, Gedik Welding, CORODUR, Jinglei Welding.
The stick welding electrode market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Stick Welding Electrode Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Stick Welding Electrode Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Stick Welding Electrode Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Stick Welding Electrode Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Stick Welding Electrode Market Size & Forecast, 2018-2028
4.5.1 Stick Welding Electrode Market Size and Y-o-Y Growth
4.5.2 Stick Welding Electrode Market Absolute $ Opportunity
Chapter 5 Global Stick Welding Electrode Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Stick Welding Electrode Market Size Forecast by Type
5.2.1 Heat-resistant Steel Electrode
5.2.2 Low Temperature Steel Electrode
5.2.3 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Stick Welding Electrode Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Stick Welding Electrode Market Size Forecast by Applications
6.2.1 Automobile Industry
6.2.2 Construction Industry
6.2.3 Aerospace And Defense Industry
6.2.4 Shipbuilding Industry
6.2.5 Pipeline Industry
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Stick Welding Electrode Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Stick Welding Electrode Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Stick Welding Electrode Analysis and Forecast
9.1 Introduction
9.2 North America Stick Welding Electrode Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Stick Welding Electrode Market Size Forecast by Type
9.6.1 Heat-resistant Steel Electrode
9.6.2 Low Temperature Steel Electrode
9.6.3 Others
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Stick Welding Electrode Market Size Forecast by Applications
9.10.1 Automobile Industry
9.10.2 Construction Industry
9.10.3 Aerospace And Defense Industry
9.10.4 Shipbuilding Industry
9.10.5 Pipeline Industry
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Stick Welding Electrode Analysis and Forecast
10.1 Introduction
10.2 Europe Stick Welding Electrode Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Stick Welding Electrode Market Size Forecast by Type
10.6.1 Heat-resistant Steel Electrode
10.6.2 Low Temperature Steel Electrode
10.6.3 Others
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Stick Welding Electrode Market Size Forecast by Applications
10.10.1 Automobile Industry
10.10.2 Construction Industry
10.10.3 Aerospace And Defense Industry
10.10.4 Shipbuilding Industry
10.10.5 Pipeline Industry
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Stick Welding Electrode Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Stick Welding Electrode Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Stick Welding Electrode Market Size Forecast by Type
11.6.1 Heat-resistant Steel Electrode
11.6.2 Low Temperature Steel Electrode
11.6.3 Others
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Stick Welding Electrode Market Size Forecast by Applications
11.10.1 Automobile Industry
11.10.2 Construction Industry
11.10.3 Aerospace And Defense Industry
11.10.4 Shipbuilding Industry
11.10.5 Pipeline Industry
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Stick Welding Electrode Analysis and Forecast
12.1 Introduction
12.2 Latin America Stick Welding Electrode Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Stick Welding Electrode Market Size Forecast by Type
12.6.1 Heat-resistant Steel Electrode
12.6.2 Low Temperature Steel Electrode
12.6.3 Others
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Stick Welding Electrode Market Size Forecast by Applications
12.10.1 Automobile Industry
12.10.2 Construction Industry
12.10.3 Aerospace And Defense Industry
12.10.4 Shipbuilding Industry
12.10.5 Pipeline Industry
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Stick Welding Electrode Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Stick Welding Electrode Market Size 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 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Stick Welding Electrode Market Size Forecast by Type
13.6.1 Heat-resistant Steel Electrode
13.6.2 Low Temperature Steel Electrode
13.6.3 Others
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Stick Welding Electrode Market Size Forecast by Applications
13.10.1 Automobile Industry
13.10.2 Construction Industry
13.10.3 Aerospace And Defense Industry
13.10.4 Shipbuilding Industry
13.10.5 Pipeline Industry
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Stick Welding Electrode Market: Competitive Dashboard
14.2 Global Stick Welding Electrode Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Gloden Bridge
14.3.2 Tianjin Bridge
14.3.3 Weld Atlantic
14.3.4 Shandong Solid Solider
14.3.5 Shandong Juli Welding
14.3.6 Zhujiang Xiangjiang Welding
14.3.7 Wuhan Temo Welding
14.3.8 Changzhou Huatong Welding
14.3.9 Colfax
14.3.10 ITW
14.3.11 Gloden Bridge
14.3.12 Lincoln Electric
14.3.13 Voestalpine
14.3.14 Sandvik
14.3.15 Gedik Welding
14.3.16 CORODUR
14.3.17 Jinglei Welding
