Global Cored Wire Market Growth 2023-2029

Global Cored Wire Market Growth 2023-2029

Cored wire electrodes, also simply called cored wire, are small tubes filled with metallic or mineral powders, used for steelmaking and casting applications. They are manufactured as wire with the proper diameters in molding or drawing lines. They have higher deposition efficiency than solid wire, which in turn speeds welding tasks. The core of metal-cored wire contributes almost entirely to the deposited weld metal.
This report is focused on metallurgical cored wire type. According to the different mental types of core layers, cored wire can be divided into pure calcium, silicon-calcium, pure aluminum, tombarthite and many other kinds. Each kind of alloy cored wire can be divided into different products as well, such as Ca28Si55 and Ca31Si65 and so on.
LPI (LP Information)' newest research report, the “Cored Wire Industry Forecast” looks at past sales and reviews total world Cored Wire sales in 2022, providing a comprehensive analysis by region and market sector of projected Cored Wire sales for 2023 through 2029. With Cored Wire sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Cored Wire industry.
This Insight Report provides a comprehensive analysis of the global Cored Wire landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Cored Wire portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Cored Wire market.
This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Cored Wire and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Cored Wire.
The global Cored Wire market size is projected to grow from US$ 326.7 million in 2022 to US$ 364 million in 2029; it is expected to grow at a CAGR of 364 from 2023 to 2029.
Global Cored Wire key players include Anyang Tiefa, Henan Xibao, Harbin, KeDeWei, Sarthak Metals, etc. Global top five manufacturers hold a share about 15%.
China is the largest market, with a share about 50%, followed by Europe and North America, both have a share over 30 percent.
In terms of product, CaSi is the largest segment, with a share about 45%. And in terms of application, the largest application is Steel-making, followed by Casting, etc.
This report presents a comprehensive overview, market shares, and growth opportunities of Cored Wire market by product type, application, key manufacturers and key regions and countries.
Market Segmentation:
Segmentation by type
Calcium Silicide Cored Wire (CaSi)
Calcium Solid Cored Wire (Ca)
Pure Carbon Cored Wire (C)
Ferro Calcium Cored Wire (CaFe)
Others
Segmentation by application
Steelmaking
Iron Casting
Others
This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
Sarthak Metals
Anyang Chunyang
Anyang Tiefa
Anyang Wanhua
Henan Xibao
Harbin KeDeWei
Anyang Changxin Special Alloy
Wuxi Novel Special Metal
TUF Group
FSM
OFZ, a. s.
McKeown
Key Questions Addressed in this Report
What is the 10-year outlook for the global Cored Wire market?
What factors are driving Cored Wire market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do Cored Wire market opportunities vary by end market size?
How does Cored Wire break out type, application?
What are the influences of COVID-19 and Russia-Ukraine war?

Please note: The report will take approximately 2 business days to prepare and deliver.