The global welding wires market value is expected to grow at a CAGR of 4.7% during 2024-2032.
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Historical Year
Forecast Year
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 the creation of building structures are likely to boost the global welding wires market demand. Asia, North America, and Europe are likely to be key markets.
The welding wires market dynamics and trends are driven due to demand in the shipbuilding, automotive, and engineering sectors. Welding processes, including Stick, TIG, FCAW, and MIG, use electricity to generate an arc that melts the base metal and filler wire, creating a strong bond.
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MIG welding wire is chiefly composed of base metal. It may include titanium, manganese, and silicon. The wire is generally coated in copper which, apart from helping decrease oxidisation 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 industry growth.
The 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.
According to the Office for National Statistics, in 2022, the total value of new work output in Great Britain's construction sector reached USD 169,765.80 million, reflecting a significant 15.8% increase from 2021. The private sector drove this growth with a 16.8% rise, contributing an additional USD 17,996.55 million, bringing its total to USD 124,881.47 million. The public sector also saw a 13.1% increase, adding USD 5,194.45 million to reach USD 44,939.42 million. New housing construction experienced the highest growth rate at 22.9%, with an additional USD 13,439.01 million, totalling USD 72,236.21 million. Within this sector, public housing projects grew by 23.3% to USD 7,912.48 million, while private housing rose by 22.8%, adding USD 11,944.05 million to reach USD 64,317.11 million. Increased infrastructure projects drive the demand for welding wires, essential in construction applications for joining metals, further resulting in driving the growth of the welding wires market revenue.
According to BP, in 2021, North America was the top global oil producer with a total output of 1,074.7 million tonnes, reflecting an annual growth rate of 1.8% from 2020. The United States was a major contributor, producing 711.1 million tonnes, which accounted for 16.8% of the global total. Mexico saw a 1.7% increase from 2020, reaching 96.5 million tonnes, while Canada produced 267.1 million tonnes, marking a 6.3% annual growth. In the CIS region, total oil production rose by 2.4% to 674.3 million tonnes. The Russian Federation led with 536.4 million tonnes, growing at an annual rate of 2.6%. Kazakhstan's production increased to 86.0 million tonnes, Azerbaijan produced 35.1 million tonnes, and Turkmenistan and Uzbekistan maintained stable outputs of 12.0 million tonnes and 2.7 million tonnes, respectively. The increase in oil production necessitates the extensive use of welding wires for pipeline construction, maintenance, and equipment fabrication, thereby boosting the welding wires industry revenue.
Lincoln Electric Holdings, Inc.
Changzhou Sanzhong Welding Materials Co., Ltd
Berkenhoff GmbH
ESAB Corporation
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“Global Welding Wires Market Report and Forecast 2024-2032” offers a detailed analysis of the market based on the following segments:
Market Breakup by Type
Market Breakup by Material
Market Breakup by Industry
Market Breakup by Region
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The growth of the welding wires market is fuelled by alloyed wires, which improve strength, durability, and corrosion resistance, and are versatile for industries such as automotive and aerospace.
Stainless steel wires offer excellent rust resistance, high tensile strength, and a polished finish with minimal maintenance, making them ideal for demanding environments and high-quality applications. These attributes drive increased welding wires demand growth.
The company’s focus is on welding and cutting technologies, providing an extensive array of products and services. Renowned for their innovation and high standards, they cater to various industries, such as automotive, aerospace, and construction.
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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The welding wires market value 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.
The market is broken down into 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.
The competitive landscape consists of 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.
The market is broken down into North America, Europe, Asia Pacific, Latin America, the Middle East, and Africa.
The various materials of welding wires are alloys, stainless steel, aluminium, and others.
The market is broken down into automotive, building and construction, oil and gas and others.
Explore our key highlights of the report and gain a concise overview of key findings, trends, and actionable insights that will empower your strategic decisions.
| 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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United States (Head Office)
30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
Australia
63 Fiona Drive, Tamworth, NSW
+61-448-061-727
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-858-608-1494
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.
+63-287-899-028, +63-967-048-3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84-865-399-124
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