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Global Welding Wires Market Share, Analysis, Research: By Type: Composite Metal-Cored Wires, Gas-Shielded Flux-Cored Arc Welding Wire, Solid Gas Metal Arc Welding Wire; By Material: Alloys, Stainless Steel, Aluminium, Others; By Industry: Automotive, Building and Construction, Others; Regional Analysis; Competitive Landscape; 2024-2032
Global Welding Wires Market Outlook
The global welding wires market would likely grow at a CAGR of 4.7% during 2024-2032. A welding wire is a slender metallic rod ignited to create a heated arc to fuse metal pieces together (welding) by causing the wire to become soft through hammering or compressing under an employed heat source.
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Welding wires come in several classifications and types. Different welding jobs and base metal materials warrant an appropriate corresponding welding wire for the application. Applications in engineering, shipbuilding and in the creation of building structures are likely to boost the global welding wires market. Asia, North America and Europe are likely to be key markets.
Global Market Likely to be Driven by Applications in Domains Such as Shipbuilding, Automotive and Engineering
All arc welding processes use electricity to generate a very hot arc that melts the base metal of joint members, creating fusion. The fusion is assisted by another molten metal (filler metal). All arc welding procedures use filler metal. Coated electrode is employed in Stick welding (SMAW); in TIG welding, filler rods dipped into the weld pool are employed. FCAW and MIG welding processes employ welding wire. Welding wirer refers to the electrode used in the welding process. The electrical arc traverses the gap between workpiece surface and the wire’s end. This helps instigate the arc. While acting as the electrode side of the arc, it also acts as the filler metal entering the molten weld pool to create a strong bond.
Hard Wire and Flux-cored Wire are Two Major Types of Welding Wire Used
Welding wire is not restricted to any one type of filler metal. Stainless steel, aluminium, galvanized steel, mild steel, and alloyed materials may be welded with the help of welding wire of various diameters in the presence of an appropriate wire for that type of base metal. Welding wire may generally be divided into two major categories – hard wire (employed with MIG welding; hard wire is capable of being clipped only with welding pliers while flux-cored wire may be broken by hand; hard wire should be utilized with shielding gas safeguard the weld during the liquid state) and flux-cored wire (a tubular filler metal with a flux in the wire centre; includes dual shield which uses protection from the flux and a shielding gas, and self-shielded which depends entirely upon the flux).
Applications in Construction, Aerospace, etc. Likely to Boost Market Growth
MIG welding wire is chiefly composed of base metal. It may include titanium, manganese, and silicon (residue of which is often visible after welding). The wire is generally coated in copper which, apart from helping decrease oxidization during welding, may prevent rusting also. Applications of MIG welding include uses in aerospace, manufacturing, construction, custom fabrication, shipbuilding, automotive, and several other industries. Such applications are likely to boost the global welding wires market.
Filler metal generally used for flux-cored wire is mild steel. However, other components may be included. Nickel is a commonly used alloy for such type of wire. Apart from filler metal, it includes a combination of fluxes, deoxidizers, metal powders, and other alloys.
Market Segmentation
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By type, the market is segmented into:
- Composite Metal-Cored Wires
- Gas-Shielded Flux-Cored Arc Welding Wire
- Solid Gas Metal Arc Welding Wire
By material, the global welding wires market is classified into:
- Alloys
- Stainless Steel
- Aluminium
- Others
By industry, the market is divided into:
- Automotive
- Building and Construction
- Oil and Gas
- Others
By region, the market is segmented into:
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
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Key Industry Players in the Market
The report offers an extensive assessment of major players in the global welding wires market; it evaluates their capability, observes latest occurrences such as mergers and acquisitions, capacity expansions, and plant turnarounds:
- Lincoln Electric Holdings, Inc.
- Changzhou Sanzhong Welding Materials Co., Ltd
- Gedik Welding Inc.
- Berkenhoff GmbH
- ESAB Corporation
- Zika Industries Ltd
- Chosun Welding Co., Ltd.
- Rywal-RHC Group
- BS Stainless Limited
- Novametal SA
- Others
Using SWOT analysis and Porter’s Five Forces model, the EMR report offers deep insights into the industry.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Type |
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| Breakup by Material |
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| Breakup by Industry |
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| Breakup by Region |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
6.1 Global
6.2 Regional
7 Industry Opportunities and Challenges
8 Global Welding Wires Market Analysis
8.1 Key Industry Highlights
8.2 Global Welding Wires Historical Market (2018-2023)
8.3 Global Welding Wires Market Forecast (2024-2032)
8.4 Global Welding Wires Market by Type
8.4.1 Composite Metal-Cored Wires
8.4.1.1 Market Share
8.4.1.2 Historical Trend (2018-2023)
8.4.1.3 Forecast Trend (2024-2032)
8.4.2 Gas-Shielded Flux-Cored Arc Welding Wire
8.4.2.1 Market Share
8.4.2.2 Historical Trend (2018-2023)
8.4.2.3 Forecast Trend (2024-2032)
8.4.3 Solid Gas Metal Arc Welding Wire
8.4.3.1 Market Share
8.4.3.2 Historical Trend (2018-2023)
8.4.3.3 Forecast Trend (2024-2032)
8.5 Global Welding Wires Market by Material
8.5.1 Alloys
8.5.1.1 Market Share
8.5.1.2 Historical Trend (2018-2023)
8.5.1.3 Forecast Trend (2024-2032)
8.5.2 Stainless Steel
8.5.2.1 Market Share
8.5.2.2 Historical Trend (2018-2023)
8.5.2.3 Forecast Trend (2024-2032)
8.5.3 Aluminium
8.5.3.1 Market Share
8.5.3.2 Historical Trend (2018-2023)
8.5.3.3 Forecast Trend (2024-2032)
8.5.4 Others
8.6 Global Welding Wires Market by Industry
8.6.1 Automotive
8.6.1.1 Market Share
8.6.1.2 Historical Trend (2018-2023)
8.6.1.3 Forecast Trend (2024-2032)
8.6.2 Building and Construction
8.6.2.1 Market Share
8.6.2.2 Historical Trend (2018-2023)
8.6.2.3 Forecast Trend (2024-2032)
8.6.3 Oil and Gas
8.6.3.1 Market Share
8.6.3.2 Historical Trend (2018-2023)
8.6.3.3 Forecast Trend (2024-2032)
8.6.4 Others
8.7 Global Welding Wires Market by Region
8.7.1 North America
8.7.1.1 Market Share
8.7.1.2 Historical Trend (2018-2023)
8.7.1.3 Forecast Trend (2024-2032)
8.7.2 Europe
8.7.2.1 Market Share
8.7.2.2 Historical Trend (2018-2023)
8.7.2.3 Forecast Trend (2024-2032)
8.7.3 Asia Pacific
8.7.3.1 Market Share
8.7.3.2 Historical Trend (2018-2023)
8.7.3.3 Forecast Trend (2024-2032)
8.7.4 Latin America
8.7.4.1 Market Share
8.7.4.2 Historical Trend (2018-2023)
8.7.4.3 Forecast Trend (2024-2032)
8.7.5 Middle East and Africa
8.7.5.1 Market Share
8.7.5.2 Historical Trend (2018-2023)
8.7.5.3 Forecast Trend (2024-2032)
9 North America Welding Wires Market Analysis
9.1 United States of America
9.1.1 Market Share
9.1.2 Historical Trend (2018-2023)
9.1.3 Forecast Trend (2024-2032)
9.2 Canada
9.2.1 Market Share
9.2.2 Historical Trend (2018-2023)
9.2.3 Forecast Trend (2024-2032)
10 Europe Welding Wires Market Analysis
10.1 United Kingdom
10.1.1 Market Share
10.1.2 Historical Trend (2018-2023)
10.1.3 Forecast Trend (2024-2032)
10.2 Germany
10.2.1 Market Share
10.2.2 Historical Trend (2018-2023)
10.2.3 Forecast Trend (2024-2032)
10.3 France
10.3.1 Market Share
10.3.2 Historical Trend (2018-2023)
10.3.3 Forecast Trend (2024-2032)
10.4 Italy
10.4.1 Market Share
10.4.2 Historical Trend (2018-2023)
10.4.3 Forecast Trend (2024-2032)
10.5 Others
11 Asia Pacific Welding Wires Market Analysis
11.1 China
11.1.1 Market Share
11.1.2 Historical Trend (2018-2023)
11.1.3 Forecast Trend (2024-2032)
11.2 Japan
11.2.1 Market Share
11.2.2 Historical Trend (2018-2023)
11.2.3 Forecast Trend (2024-2032)
11.3 India
11.3.1 Market Share
11.3.2 Historical Trend (2018-2023)
11.3.3 Forecast Trend (2024-2032)
11.4 ASEAN
11.4.1 Market Share
11.4.2 Historical Trend (2018-2023)
11.4.3 Forecast Trend (2024-2032)
11.5 Australia
11.5.1 Market Share
11.5.2 Historical Trend (2018-2023)
11.5.3 Forecast Trend (2024-2032)
11.6 Others
12 Latin America Welding Wires Market Analysis
12.1 Brazil
12.1.1 Market Share
12.1.2 Historical Trend (2018-2023)
12.1.3 Forecast Trend (2024-2032)
12.2 Argentina
12.2.1 Market Share
12.2.2 Historical Trend (2018-2023)
12.2.3 Forecast Trend (2024-2032)
12.3 Mexico
12.3.1 Market Share
12.3.2 Historical Trend (2018-2023)
12.3.3 Forecast Trend (2024-2032)
12.4 Others
13 Middle East and Africa Welding Wires Market Analysis
13.1 Saudi Arabia
13.1.1 Market Share
13.1.2 Historical Trend (2018-2023)
13.1.3 Forecast Trend (2024-2032)
13.2 United Arab Emirates
13.2.1 Market Share
13.2.2 Historical Trend (2018-2023)
13.2.3 Forecast Trend (2024-2032)
13.3 Nigeria
13.3.1 Market Share
13.3.2 Historical Trend (2018-2023)
13.3.3 Forecast Trend (2024-2032)
13.4 South Africa
13.4.1 Market Share
13.4.2 Historical Trend (2018-2023)
13.4.3 Forecast Trend (2024-2032)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Competitive Landscape
15.1 Market Structure
15.2 Company Profiles
15.2.1 Lincoln Electric Holdings, Inc.
15.2.1.1 Company Overview
15.2.1.2 Product Portfolio
15.2.1.3 Demographic Reach and Achievements
15.2.1.4 Certifications
15.2.2 Changzhou Sanzhong Welding Materials Co., Ltd
15.2.2.1 Company Overview
15.2.2.2 Product Portfolio
15.2.2.3 Demographic Reach and Achievements
15.2.2.4 Certifications
15.2.3 Gedik Welding Inc.
15.2.3.1 Company Overview
15.2.3.2 Product Portfolio
15.2.3.3 Demographic Reach and Achievements
15.2.3.4 Certifications
15.2.4 Berkenhoff GmbH
15.2.4.1 Company Overview
15.2.4.2 Product Portfolio
15.2.4.3 Demographic Reach and Achievements
15.2.4.4 Certifications
15.2.5 ESAB Corporation
15.2.5.1 Company Overview
15.2.5.2 Product Portfolio
15.2.5.3 Demographic Reach and Achievements
15.2.5.4 Certifications
15.2.6 Zika Industries Ltd
15.2.6.1 Company Overview
15.2.6.2 Product Portfolio
15.2.6.3 Demographic Reach and Achievements
15.2.6.4 Certifications
15.2.7 Chosun Welding Co., Ltd.
15.2.7.1 Company Overview
15.2.7.2 Product Portfolio
15.2.7.3 Demographic Reach and Achievements
15.2.7.4 Certifications
15.2.8 Rywal-RHC Group
15.2.8.1 Company Overview
15.2.8.2 Product Portfolio
15.2.8.3 Demographic Reach and Achievements
15.2.8.4 Certifications
15.2.9 BS Stainless Limited
15.2.9.1 Company Overview
15.2.9.2 Product Portfolio
15.2.9.3 Demographic Reach and Achievements
15.2.9.4 Certifications
15.2.10 Novametal SA
15.2.10.1 Company Overview
15.2.10.2 Product Portfolio
15.2.10.3 Demographic Reach and Achievements
15.2.10.4 Certifications
15.2.11 Others
16 Key Trends and Developments in the Market
List of Figures and Tables
1. Global Welding Wires Market: Key Industry Highlights, 2018 and 2032
2. Global Welding Wires Historical Market: Breakup by Type (USD Million), 2018-2023
3. Global Welding Wires Market Forecast: Breakup by Type (USD Million), 2024-2032
4. Global Welding Wires Historical Market: Breakup by Material (USD Million), 2018-2023
5. Global Welding Wires Market Forecast: Breakup by Material (USD Million), 2024-2032
6. Global Welding Wires Historical Market: Breakup by Industry (USD Million), 2018-2023
7. Global Welding Wires Market Forecast: Breakup by Industry (USD Million), 2024-2032
8. Global Welding Wires Historical Market: Breakup by Region (USD Million), 2018-2023
9. Global Welding Wires Market Forecast: Breakup by Region (USD Million), 2024-2032
10. North America Welding Wires Historical Market: Breakup by Country (USD Million), 2018-2023
11. North America Welding Wires Market Forecast: Breakup by Country (USD Million), 2024-2032
12. Europe Welding Wires Historical Market: Breakup by Country (USD Million), 2018-2023
13. Europe Welding Wires Market Forecast: Breakup by Country (USD Million), 2024-2032
14. Asia Pacific Welding Wires Historical Market: Breakup by Country (USD Million), 2018-2023
15. Asia Pacific Welding Wires Market Forecast: Breakup by Country (USD Million), 2024-2032
16. Latin America Welding Wires Historical Market: Breakup by Country (USD Million), 2018-2023
17. Latin America Welding Wires Market Forecast: Breakup by Country (USD Million), 2024-2032
18. Middle East and Africa Welding Wires Historical Market: Breakup by Country (USD Million), 2018-2023
19. Middle East and Africa Welding Wires Market Forecast: Breakup by Country (USD Million), 2024-2032
20. Global Welding Wires Market Structure
Key Questions Answered in the Report
The global market for welding wires is expected to grow at a CAGR of 4.7% between 2024 and 2032.
The major market drivers include its application in the end use industries, properties such as rusting prevention and reduced oxidisation, and use of flux core and hard wire.
The key trends of the market are increasing demand from automotive industries, investments towards research and development activities, and use of specialised welding wires for dedicated applications.
Welding wire is a type of rod that is thin and metallic and is melted to generate a heated arc that is later used to fuse metal pieces together.
Most common types of welding wires include composite metal-cored wires, gas-shielded flux-cored arc welding wire, and solid gas metal arc welding wire.
The global welding wires market is segmented based on type, material, industry, and region.
Commonly used welding wire sizes are 0.35 and 0.45 diameters.
TIG wire uses a hand-held filler rod and a non-consumable electrode for a weld to form whereas MIG uses a solid wire which is usually machine fed to the weld area.
Welding wire is generally preferred as it produces stronger joints than those created with soldering wires.
Key market players include Lincoln Electric Holdings Inc., Changzhou Sanzhong Welding Materials Co., Ltd., Gedik Welding Inc., Berkenhoff GmbH, ESAB Corporation, Zika Industries Ltd., Chosun Welding Co. Ltd., Rywal-RHC Group, BS Stainless Limited, and Novametal SA, among others.
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