Fortune Business Insights recently released “The Welding Electrodes Market Report 2024,” offering in-depth market analysis and critical insights to help clients gain a competitive edge. This comprehensive study delivers key findings for strategic advantage.

Welding Electrodes Market Share, Size & COVID-19 Impact Analysis, By Type (Stick Electrodes and Coiled Wires), By Industry (Automotive, Building & Construction, Oil & Gas and Others), and Regional Forecast, 2020-2032

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The market’s competitive landscape for welding electrodes market is evaluated by analyzing key industry players, their production capacities and utilization rates, welding electrodes marketM’s production chain, manufacturer pricing, and the revenue each manufacturer generates globally in the welding electrodes marketM sector.

Major companies of welding electrodes market:

  • Lincoln Electric (Ohio, United States)
  • KOBE STEEL, LTD (Hyogo, Japan)
  • ESAB (Maryland, United States)
  • ZULFI (Al Zulfi, Saudi Arabia)
  • KISWEL CO., LTD. (Seoul, Korea)
  • CS HOLDINGS CO., LTD. ( Gyeongsangbuk-do, Korea)
  • RME MIDDLE EAST (Dubai, UAE)
  • voestalpine BÖHLER Edelstahl GmbH (Linz, Upperaustria)
  • capilla (Leopoldshöhe, Germany)
  • Tianjin Golden Bridge Welding Materials Group International Trading Co., Ltd. (Tianjin, P. R. China)

Market atributes:

Report ComponantAspects
Forecast Period2019-2032
Projected Market Value for 2019:USD 3 billion
Forecasted Market Value for 2032:USD 4.46 billion
Compound Annual Growth Rate (CAGR):2.8

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Key Drivers and restraints:

  • Drivers:
    • Growth in Construction and Manufacturing: Expanding construction, automotive, and manufacturing industries increase the demand for welding electrodes used in various metal fabrication processes.
    • Technological Advancements: Innovations in welding technology and improvements in electrode formulations enhance performance, driving adoption in high-precision applications.
    • Infrastructural Developments: Rising infrastructure projects globally, including bridges, highways, and buildings, boost the demand for welding electrodes for structural integrity and durability.
    • Increasing Demand for High-Quality Welds: The need for high-strength and reliable welds in critical applications encourages the use of advanced welding electrodes for better results.
    • Focus on Safety and Standards: Growing emphasis on safety standards and quality control in welding processes promotes the use of compliant and high-quality welding electrodes.
  • Restraints:
    • Fluctuating Raw Material Prices: Volatility in the prices of raw materials, such as metals and alloys, can affect the cost and availability of welding electrodes.
    • Environmental Regulations: Stringent environmental regulations regarding the production and disposal of welding electrodes can increase operational costs and affect market dynamics.
    • Technological Complexity: Advanced welding electrodes often require specialized equipment and skilled labor, which can be a barrier for smaller enterprises or less experienced operators.
    • Market Competition: Intense competition among manufacturers and suppliers can lead to price wars and reduced profit margins, impacting market stability.
    • Economic Fluctuations: Economic downturns or slowdowns in key industries can reduce demand for welding electrodes, affecting overall market growth and profitability.

Regional atributes:

  • North America (the U.S. and Canada)
  • Europe (U.K., Germany, France, and the Rest of Europe)
  • Asia Pacific (Japan, China, India, Southeast Asia and the Rest of Asia Pacific)
  • Middle East & Africa (South Africa, GCC and the Rest of Middle East & Africa)
  • Latin America (Brazil, Mexico, and the Rest of Latin America)

Industry developments:

  • May, 2019: Lincoln Electric entered into an agreement with Kaynak Teknigi Sanayi ve Ticaret A.S company to strengthen its current product portfolio and to advance its regional growth strategy.
  • October, 2017: ESAB Group acquired EWAC ALLOYS LIMITED Company worth USD 7.3 million in order to widen its existing product offerings and expand its geographical reach across the globe.

Table of Content :

  • Introduction
    • Research Scope
    • Market Segmentation
    • Research Methodology
    • Definitions and Assumptions
  • Executive Summary
  • Market Dynamics
    • Market Drivers
    • Market Restraints
    • Market Opportunities
  • Key Insights
    • Key Industry Developments – Merger, Acquisitions, and Partnerships
    • Porter’s Five Forces Analysis
    • SWOT Analysis
    • Technological Developments
    • Value Chain Analysis

TOC Continued…!

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