Market Overview:
The global welding wires and 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 construction, shipbuilding, automotive, and others. In addition, the growing awareness about safety while welding is also propelling the demand for welding wires and electrodes globally. Based on type, the global welding wires and electrodes market can be segmented into two categories: Welding Wires and Welding Electrode. The Welding Wires segment is further sub-segmented into Mild Steel Wire (MSW), Low Alloy Steel Wire (LASW), Stainless Steel Wire (SSW), Duplex Stainless Steel Wire (DSSW)and Others whereas; Welding Electrode segment is further sub-segmented into Carbon Electrode(CE), Low Alloy Electrode(LAE)and Others. Among these types, Mild steel wire held a dominant share in 2017 owing to its widespread use across various end-use industries such as construction steel fabrication works,,shipbuilding etc., where high strength & toughness are not major requirements . However , with increasing focus on weight reduction & fuel efficiency in automobiles , low alloy steels are gradually gaining popularity over mild steels . Similarly , carbon electrodes are expected to lose their share over low alloy electrodes due to their lower deposition rates & arc stability .
Product Definition:
Welding wires and welding electrodes are important tools in the welding process. Welding wires are used to create the weld, while welding electrodes provide the heat necessary to fuse the two pieces of metal together.
Welding Wires:
Welding wires and welding electrodes are two different products used in the welding process. Welding wires have a high demand as compared to welding electrodes owing to their low cost. Welding wire consists of an insulated copper conductor which is wound around a steel core, this combination makes it flexible enough to be easily handled by the welder and also provides good electrical insulation.
Welding Electrode:
Welding electrode is an electrical conductor used in welding. It can be made of different materials such as aluminum, copper, magnesium or special alloys. The material of the welding electrode depends on the type of process to be followed such as arc welding, gas metal-arc (MMA) or gas tungsten-arc (TWA). Tungsten electrodes are mostly used for TIG and MIG processes while magnesium and aluminum are preferred for MMA processes.
Application Insights:
The construction steel application segment led the global market and accounted for more than 35.0% share of the total revenue in 2017. Construction is one of the major applications of welding processes, which involves joining or fabricating metal components using a welder as an electric arc process to combine dissimilar metals together.
Construction steel is widely used in buildings & infrastructure development activities owing to its low cost, easy availability and favorable characteristics such as ductility & plasticity that make it suitable for structural engineering designs including trusses, beams, columns & stilts and arches. These are majorly imported from countries such as China Japan South Korea India etc.
Regional Analysis:
Asia Pacific accounted for the largest share of over 40% in 2017. The region is expected to witness significant growth owing to increasing demand from the construction sector, which is likely to drive product penetration in this region. Increasing infrastructure activities coupled with rising foreign investments are also projected to fuel regional market growth over the forecast period.
The growing shipbuilding industry in China and India on account of supportive government policies such as subsidies and low-interest rates is anticipated to boost steel consumption for shipbuilding, thereby driving welding electrode sales across Asia Pacific during the forecast period. In addition, favorable regulatory frameworks that enable easy access of finance are further expected propel market growth across this region during the forecast period.
Europe was estimated at USD X billion in 2017 and is anticipated grow at a CAGR of XX% from 2018 till 2030 owing high product penetration due mainly by Germany's rapid expansion into Eastern Europe along with other countries such as France, Italy etc., which has led European Union (EU).
Growth Factors:
- Increasing demand for welding wires and electrodes from the automotive and construction industries.
- Growing popularity of arc welding as a reliable and efficient welding process across various end-use industries.
- Rising investments in research and development activities by key players to develop innovative products that meet the specific requirements of different end-use applications.
- Proliferation of automated welding systems, which is resulting in an increase in demand for high quality welds across various industrial sectors.
Scope Of The Report
Report Attributes
Report Details
Report Title
Welding Wires& Welding Electrode Market Research Report
By Type
Welding Wires, Welding Electrode
By Application
Construction Steel, Ship Steel, Fine Grained Steel, Boiler Steel, Pipe Steel
By Companies
Sandvik, Lincoln Electric, BOC (Linde), SAF (Air Liquide), Oerlikon (Air Liquide), CORODUR, ESAB, Bekaert, Hobart (ITW), Miller (ITW), ELGA (ITW), Safra, Kobelco, Boehler, Luvata, Techalloy, Kiswel, United States Welding Corporation, Advanced Technology & Materials, Sainteagle, Golden Bridge Welding Material, Tianjin Bridge Welding Materials
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
245
Number of Tables & Figures
172
Customization Available
Yes, the report can be customized as per your need.
Global Welding Wires& Welding Electrode Market Report Segments:
The global Welding Wires& Welding Electrode market is segmented on the basis of:
Types
Welding Wires, Welding Electrode
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
Construction Steel, Ship Steel, Fine Grained Steel, Boiler Steel, Pipe Steel
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:
- Sandvik
- Lincoln Electric
- BOC (Linde)
- SAF (Air Liquide)
- Oerlikon (Air Liquide)
- CORODUR
- ESAB
- Bekaert
- Hobart (ITW)
- Miller (ITW)
- ELGA (ITW)
- Safra
- Kobelco
- Boehler
- Luvata
- Techalloy
- Kiswel
- United States Welding Corporation
- Advanced Technology & Materials
- Sainteagle
- Golden Bridge Welding Material
- Tianjin Bridge Welding Materials
Highlights of The Welding Wires& 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:
- Welding Wires
- Welding Electrode
- By Application:
- Construction Steel
- Ship Steel
- Fine Grained Steel
- Boiler Steel
- Pipe Steel
- 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 Welding Wires& 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.
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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?
Welding wires are thin, metal wires that are used to join two pieces of metal together. Welding electrodes are the tips of welding rods that are used to weld metals.
Some of the major companies in the welding wires& welding electrode market are Sandvik, Lincoln Electric, BOC (Linde), SAF (Air Liquide), Oerlikon (Air Liquide), CORODUR, ESAB, Bekaert, Hobart (ITW), Miller (ITW), ELGA (ITW), Safra, Kobelco, Boehler, Luvata, Techalloy, Kiswel, United States Welding Corporation, Advanced Technology & Materials, Sainteagle, Golden Bridge Welding Material, Tianjin Bridge Welding Materials.
The welding wires& welding electrode market is expected to grow at a compound annual growth rate of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Welding Wires& Welding Electrode 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. Welding Wires& Welding Electrode Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Welding Wires& Welding Electrode Market - Supply Chain
4.5. Global Welding Wires& Welding Electrode Market Forecast
4.5.1. Welding Wires& Welding Electrode Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Welding Wires& Welding Electrode Market Size (000 Units) and Y-o-Y Growth
4.5.3. Welding Wires& Welding Electrode Market Absolute $ Opportunity
5. Global Welding Wires& Welding Electrode 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. Welding Wires& Welding Electrode Market Size and Volume Forecast by Type
5.3.1. Welding Wires
5.3.2. Welding Electrode
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Welding Wires& Welding Electrode 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. Welding Wires& Welding Electrode Market Size and Volume Forecast by Application
6.3.1. Construction Steel
6.3.2. Ship Steel
6.3.3. Fine Grained Steel
6.3.4. Boiler Steel
6.3.5. Pipe Steel
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Welding Wires& Welding Electrode 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. Welding Wires& Welding Electrode 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 Welding Wires& Welding Electrode 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. Welding Wires& Welding Electrode 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 Welding Wires& Welding Electrode Demand Share Forecast, 2019-2026
9. North America Welding Wires& Welding Electrode 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 Welding Wires& Welding Electrode 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 Welding Wires& Welding Electrode Market Size and Volume Forecast by Application
9.4.1. Construction Steel
9.4.2. Ship Steel
9.4.3. Fine Grained Steel
9.4.4. Boiler Steel
9.4.5. Pipe Steel
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Welding Wires& Welding Electrode Market Size and Volume Forecast by Type
9.7.1. Welding Wires
9.7.2. Welding Electrode
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 Welding Wires& Welding Electrode Demand Share Forecast, 2019-2026
10. Latin America Welding Wires& Welding Electrode 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 Welding Wires& Welding Electrode 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 Welding Wires& Welding Electrode Market Size and Volume Forecast by Application
10.4.1. Construction Steel
10.4.2. Ship Steel
10.4.3. Fine Grained Steel
10.4.4. Boiler Steel
10.4.5. Pipe Steel
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Welding Wires& Welding Electrode Market Size and Volume Forecast by Type
10.7.1. Welding Wires
10.7.2. Welding Electrode
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 Welding Wires& Welding Electrode Demand Share Forecast, 2019-2026
11. Europe Welding Wires& Welding Electrode 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 Welding Wires& Welding Electrode 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 Welding Wires& Welding Electrode Market Size and Volume Forecast by Application
11.4.1. Construction Steel
11.4.2. Ship Steel
11.4.3. Fine Grained Steel
11.4.4. Boiler Steel
11.4.5. Pipe Steel
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Welding Wires& Welding Electrode Market Size and Volume Forecast by Type
11.7.1.Welding Wires
11.7.2. Welding Electrode
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 Welding Wires& Welding Electrode Demand Share, 2019-2026
12. Asia Pacific Welding Wires& Welding Electrode 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 Welding Wires& Welding Electrode 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 Welding Wires& Welding Electrode Market Size and Volume Forecast by Application
12.4.1. Construction Steel
12.4.2. Ship Steel
12.4.3. Fine Grained Steel
12.4.4. Boiler Steel
12.4.5. Pipe Steel
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Welding Wires& Welding Electrode Market Size and Volume Forecast by Type
12.7.1. Welding Wires
12.7.2. Welding Electrode
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 Welding Wires& Welding Electrode Demand Share, 2019-2026
13. Middle East & Africa Welding Wires& Welding Electrode 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 Welding Wires& Welding Electrode 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 Welding Wires& Welding Electrode Market Size and Volume Forecast by Application
13.4.1. Construction Steel
13.4.2. Ship Steel
13.4.3. Fine Grained Steel
13.4.4. Boiler Steel
13.4.5. Pipe Steel
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Welding Wires& Welding Electrode Market Size and Volume Forecast by Type
13.7.1. Welding Wires
13.7.2. Welding Electrode
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 Welding Wires& Welding Electrode Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Welding Wires& Welding Electrode Market: Market Share Analysis
14.2. Welding Wires& Welding Electrode Distributors and Customers
14.3. Welding Wires& Welding Electrode Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Sandvik
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. BOC (Linde)
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. SAF (Air Liquide)
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Oerlikon (Air Liquide)
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. CORODUR
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. ESAB
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Bekaert
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Hobart (ITW)
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Miller (ITW)
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. ELGA (ITW)
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Safra
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. Kobelco
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. Boehler
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. Luvata
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. Techalloy
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. Kiswel
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. United States Welding Corporation
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. Advanced Technology & Materials
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. Sainteagle
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
