Flux Cored Welding Wire Market Market Scope
Flux-cored welding wire is a type of welding consumable used in the process of flux-cored arc welding (FCAW). This wire contains a hollow core filled with flux materials, which are released as a shielding gas and deoxidizing agent during the welding process. Flux-cored welding wire is commonly used in various applications, particularly in heavy industrial and construction projects, as it allows for efficient and high-deposition welding. It is often preferred for its versatility, ability to weld in various positions, and suitability for welding in outdoor or adverse weather conditions. The flux materials in the wire help protect the molten weld pool from atmospheric contamination, making it a popular choice for many welding applications
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
Key Companies Profiled | Tianjin Bridge (China), Lincoln Electric (United States), Weld Atlantic (China), Shandong Solid Solider (China), ESAB (United States), Kiswel (South Korea), ITW (United States), TASETO (Japan), Jinhua (Qingdao) Hardfacing Technology Co., Ltd.(China) and Zhangjiagang Gihua Machinery Co., Ltd.(China) |
CAGR | % |
The competitive landscape in the Flux Cored Welding Wire industry is subject to ongoing changes influenced by evolving regulations, consumer preferences, and market dynamics. Factors influencing the landscape include production capacity, product quality, cost-effectiveness, regulatory compliance, and innovative applications
Tianjin Bridge (China), Lincoln Electric (United States), Weld Atlantic (China), Shandong Solid Solider (China), ESAB (United States), Kiswel (South Korea), ITW (United States), TASETO (Japan), Jinhua (Qingdao) Hardfacing Technology Co., Ltd.(China) and Zhangjiagang Gihua Machinery Co., Ltd.(China) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research are Royal Arc. (India) and Ganpat Industrial Corporation (India).
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from the total available market.
Segmentation Overview
The study have segmented the market of Global Flux Cored Welding Wire Market market by Type , by Application (General Welding, Structural Welding, Pipe Welding, Automotive Repair, Shipbuilding, Maintenance and Repair and Others) and Region with country level break-up.
On the basis of geography, the market of Flux Cored Welding Wire Market has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
region held largest market share in the year 2022.
Market Leaders and their expansionary development strategies
On October 2022, Lincoln Electric has entered into a definitive agreement to acquire Fori Automation, Inc. This acquisition is poised to expedite Lincoln Electric's automation growth strategy, adding new complementary capabilities, extending its scale, and broadening its international reach.
On July 2023. ESAB Corporation has officially revealed a new partnership with GRI Renewable Industries, a globally renowned manufacturer of wind turbine components. This collaboration is aimed at jointly pursuing environmentally friendly projects in alignment with their shared dedication to operating sustainable enterprises.
Influencing Trend:
There is a growing trend towards using low-hydrogen flux-cored welding wire, which reduces the risk of weld cracking and enhances the quality of welds, particularly in critical applications
Market Growth Drivers:
Large infrastructure projects, such as bridges, pipelines, and buildings, drive the demand for welding materials like flux-cored wire
Challenges:
Maintaining consistent quality in flux-cored wire production is still a big challenge
Restraints:
Regulatory restrictions on emissions and environmental impacts could lead to limitations on certain types of flux-cored welding wire
Opportunities:
Aerospace and defense sectors require high-strength welding materials, offering opportunities for advanced flux-cored welding wires