Table of Contents
Historical Data, Premium Insights, Market Dynamic, Analysis and Projection, By Product, Analysis and Projection, By Application, Analysis and Projection, By End-Use, Analysis and Projection, By Regional Analysis, Competitive Landscape, Company Profiles, Market Revenue, Sale & Price Analysis
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According to a research report published by Spherical Insights & Consulting, The Global Welding Electrodes Market Size is Expected to Grow from USD 3.3 Billion in 2023 to USD 4.3 Billion by 2033, at a CAGR of 2.68% during the forecast period 2023-2033.
Browse key industry insights spread across 210 pages with 110 Market data tables and figures & charts from the report on the Global Welding Electrodes Market Size, Share, and COVID-19 Impact Analysis, By Type (Stick Electrodes and Coiled Wires), By Industry (Automotive, Building & Construction, Oil & Gas, and Others), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2023 – 2033.
Welding electrodes refer to rods or wires made of metal or alloy that carry an electric current to create heat for welding. Stick electrodes, flux-cored electrodes, and metal-cored electrodes are the three most used electrode types used in welding. Among the various types of coatings are cellulose, basic, and rutile coatings. Submerged arc welding (SAW), gas metal arc welding (GMAW), and shielded metal arc welding (SMAW) are welding techniques that use electrodes. The increasing popularity of automated welding technologies is offering lucrative market growth opportunities for welding electrodes. The growing demand for infrastructure development, industrialization, and construction activities drives the welding electrodes market. The growing transportation projects like new railway networks, seaports, and airports as well as the construction of commercial and residential projects are propelling the market. On the contrary, the lack of skilled welders available on the factory floor is restraining the market growth.
The stick electrodes segment is anticipated to hold the largest share during the forecast period.
Based on the type, the global welding electrodes market is divided into stick electrodes and coiled wires. Among these, the stick electrodes segment is anticipated to hold the largest share during the forecast period. The increasing infrastructure development, industrialization, and urbanization in emerging economies are driving the market demand in the stick electrodes segment.
The building & construction segment is anticipated to grow at the fastest CAGR during the forecast period.
Based on the industry, the global welding electrodes market is divided into automotive, building & construction, oil & gas, and others. Among these, the building & construction segment is anticipated to grow at the fastest CAGR during the forecast period. The increase in the usage of welding activities in construction activities is driving the market in the building & construction segment
North America is projected to hold the largest share of the global welding electrodes market over the forecast period.
North America is projected to hold the largest share of the global welding electrodes market over the forecast period. The increased adoption rate in industries including construction, infrastructure, and automotive in industries is driving the market. Further, the presence of key market players in the region is responsible for propelling the regional market growth.
Asia Pacific is predicted to grow at the fastest CAGR in the welding electrodes market over the forecast period. The increasing construction & infrastructure development activities in emerging economies including China, India, and Indonesia are driving the market. In addition, the demand for welding consumables for industrial applications is propelling the market.
Company Profiling
Major key players in the welding electrodes market include ESAB, GKN Driveline International, Ampco Metal, ArcelorMittal Tailored Blanks, Lingyun Industrial, Kobe Steel, Kloeckner Pentaplast, Thyssenkrupp Steel Europe, TATA Steel, Hyundai Steel, Lincoln Electric, Grainger, and Others.
Key Target Audience
Market Segment
This study forecasts revenue at global, regional, and country levels from 2023 to 2033. Spherical Insights has segmented the global welding electrodes market based on the below-mentioned segments:
Global Welding Electrodes Market, By Type
Global Welding Electrodes Market, By Industry
Global Welding Electrodes Market, Regional Analysis
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