Global Air Carbon Arc Gouging Electrode Market Research Report 2024-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2030

Global Air Carbon Arc Gouging Electrode Market Research Report 2024-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2030

Air carbon arc gouging is a thermal cutting process of removing or severing metal by heat from a carbon arc. The process uses a carbon/graphite electrode, standard power source, and compressed air. The intense heat arc produced between the tip of the electrode and the metal workpiece melts and cuts the metal.

Market Overview:

The latest research study on the global Air Carbon Arc Gouging Electrode market finds that the global Air Carbon Arc Gouging Electrode market reached a value of USD 586.83 million in 2023. It’s expected that the market will achieve USD 728.4 million by 2029, exhibiting a CAGR of 3.67% during the forecast period.

The advantages of Air Carbon Arc Gouging drive the development of the industry

Air carbon-arc gouging removes metal through the intense heat of an arc created between a carbon electrode and the workpiece. As the material melts, compressed air, which is directed through outlets in the lower jaws of the torch holding the electrode, lifts the molten metal clear of the arc before the metal solidifies. The air carbon-arc gouging process does not require oxidation to maintain the cut, so it can gouge or cut metals that the oxyfuel process cannot. In fact, most common metals (carbon steel, stainless steel, high-alloy wear plate, copper alloys and cast irons) can be cut using air carbon-arc gouging. Therefore, the advantages of Air Carbon Arc Gouging drive the development of Air Carbon Arc Gouging Electrode industry.

Equipment manufacturing and repair needs drive the development of the Air Carbon Arc Gouging Electrode industry

With the rapid development of the global economy, the sustained and rapid growth of pillar industries such as shipbuilding, petrochemicals, engineering machinery, vehicle manufacturing, pressure vessels, railway construction and other industries has directly led to the rapid development of the welding and cutting equipment industry. In industries such as oil pipeline construction, railway construction, steel structure, vehicle manufacturing, pressure vessel, shipbuilding, and electric power construction, the equipment has a high degree of automation. Therefore, there is a great demand for the manufacture and maintenance of corresponding equipment. The need for welding in the manufacture and repair of equipment required in these industries has created a market demand for the Air Carbon Arc Gouging Electrode industry.

Infrastructure Construction in Developing Countries Brings Demand Market for Air Carbon Arc Gouging Electrode Industry

The COVID-19 pandemic has plunged the economies of most countries into a downturn. The government needs to undertake an immediate and important economic policy response aimed at slowing the unprecedented drop in economic activity caused by the spread of the virus. Among the options governments have for stimulating their economies, infrastructure investment tops the list for two reasons:(1) Infrastructure development has a strong multiplier effect in terms of boosting economic activity and creating jobs. This means that the final impact it has on economic output is greater than the initial injection of spending. (2) Infrastructure investment is crucial for creating a positive legacy of economic growth that is more resilient, sustainable, and productive. The development of the infrastructure construction industry will drive the growth of demand in the Construction market, Metal Fabrication and Casting Finishing market, and Chemical and Petroleum market. The aforementioned market developments will increase the demand for metal welding. Therefore, this will favor the growth of Air Carbon Arc Gouging Electrode market demand.

Region Overview:

In 2022, the share of the Air Carbon Arc Gouging Electrode market in Europe stood at 41.42%.

Company Overview:

The major players operating in the Air Carbon Arc Gouging Electrode market include ESAB, Lincoln Electric, Weldmark, Wilhelmsen, Castolin Eutectic, etc. Among which, ESAB ranked top in terms of sales and revenue in 2023.

ESAB Corporation engages in the formulation, development, manufacture, and supply of consumable products and equipment for use in cutting, joining, and automated welding; and control equipment. Its comprehensive range of welding consumables includes electrodes, cored and solid wires, and fluxes using a range of specialty and other materials; and cutting consumables comprising electrodes, nozzles, shields, and tips. The company's equipment ranges from portable welding machines to large customized automated cutting and welding systems. It also offers a range of software and digital solutions to help its customers increase their productivity, remotely monitor their welding operations, and digitize their documentation. The company sells its products under the ESAB brand to various end markets, such as general industry, infrastructure, renewable energy, medical and life sciences, transportation, construction, and energy.

Segmentation Overview:

By type, Copper-Coated Carbon Electrode segment accounted for the largest share of market in 2022.

Application Overview:

The market's largest segment by application is the segment Construction, with a market share of 58.02% in 2022.

Key Companies in the global Air Carbon Arc Gouging Electrode market covered in Chapter 3:

Castolin Eutectic
Wilhelmsen
Linyi Strength Electric Carbon Products Co., Ltd.
Weldmark
ESAB
Lincoln Electric

In Chapter 4 and Chapter 14.2, on the basis of types, the Air Carbon Arc Gouging Electrode market from 2019 to 2030 is primarily split into:

Copper-Coated Carbon Electrode
Graphite Electrode

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Air Carbon Arc Gouging Electrode market from 2019 to 2030 covers:

Construction
Mining
Metal Fabrication and Casting Finishing
Chemical and Petroleum
Others

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2019-2030) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)