Global Flux Cored Welding Wire Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Flux Cored Welding Wire Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Welding requires a specific set of skills, knowledge, experience, and talent. Though there are many welding processes, Flux-Cored Arc Welding (FCAW) is a particularly popular method used throughout the field. There are two types of flux cored welding wire: gas-shielded and self-shielded. As its name implies, the gas-shielded type of flux-cored wire requires an external shielding gas. The self-shielded variety does not.

The flux coating on gas shielded flux-cored wires solidifies faster than the molten weld material. Consequently, a sort of shelf is created which holds the molten pool when welding overhead or vertically up. Gas-shielded flux wires work well when welding thicker metals. They also work well for welding out-of-position applications. Slag removal is easy with this type of wire.

Self-shielding flux-cored wires do not require an external shielding gas. With this type of electrode, the weld pool is protected as gas is generated when the flux from the wire is burned. Because the self-shielding wire produces its own protective shield and doesn’t require an external gas tank, it is more easily carried about.

Market Overview:

The latest research study on the global Flux Cored Welding Wire market finds that the global Flux Cored Welding Wire market reached a value of USD 1876.33 million in 2022. It’s expected that the market will achieve USD 2511.24 million by 2028, exhibiting a CAGR of 4.98% during the forecast period.

Flux Cored Welding Wire Market Drivers

With the accelerated pace of infrastructure construction in the global market, facilities such as large-scale machinery and equipment, housing construction and traffic track are constantly emerging, in which welding materials play an irreplaceable role. Various types of welding wire materials are developing rapidly under the impetus of the market.

Flux cored welding wire is a high-tech product, and its appearance and development adapt to the trend of welding production to high efficiency, low cost, automation and intelligent production.

In order to meet the market demand of high efficiency, automation and intelligent development, the high-end flux cored welding wire with high strength, high toughness and high efficiency is developing rapidly, and its demand ratio will further increase. Although faced with the great challenges of application industry depression and raw material price fluctuation, the common flux cored welding wire products with stable quality are still the hot spots of market demand.

The flux cored welding wires used in shipbuilding industry include all-position flux cored welding wires, metal powder flux cored welding wires, gas-electric vertical welding flux cored welding wires, etc. In addition, there are special flux cored welding wire for big closing, flux cored welding wire with low temperature and high toughness, flux cored welding wire for low hydrogen baking, etc. Among them, metal powder flux cored welding wire is suitable for flat welding and fillet welding, and has the advantages of high deposition efficiency, less welding spatter, less slag, stable and soft arc, beautiful forming and good crack resistance. The low hydrogen baking flux cored welding wire has better wire feeding and rust resistance after blackening treatment.

With the optimization of bridge design and the deepening development of bridge steel, the construction of large steel bridges with large scale, long span and high strength has become the mainstream development trend. Large steel bridges require not only high strength, good toughness and weld ability, but also excellent atmospheric corrosion resistance. At present, the enterprises in the market basically have several series of flux cored welding wire products with different strength levels, which are resistant to rustic atmospheric corrosion and marine atmospheric corrosion.

Region Overview:

From 2023-2028, North America is estimated to witness robust growth prospects.

Company Overview:

ITW is one of the major players operating in the Flux Cored Welding Wire market, holding a share of 12% in 2021. ITW is an American Fortune 200 company that produces engineered fasteners and components, equipment and consumable systems, and specialty products.

ESAB

As a diversified technology company, it is in a leading position in orthopedic solutions, industrial welding and cutting, and special gas regulation and control. The main areas are engineering, medical equipment, manufacturing, orthopedics, continuous improvement and welding and cutting.

Segmentation Overview:

Among different product types, Seamed tubular welding wires segment is anticipated to contribute the largest market share in 2028.

Application Overview:

By application, the Ship Building segment occupied the biggest share from 2018 to 2022.

Key Companies in the global Flux Cored Welding Wire market covered in Chapter 3:

Tianjin Bridge
Shandong Solid Solider
Beijing Jinwei
Weld Atlantic
ITW
Kobelco
Hyundai
Kiswel
Jinglei Welding
Voestalpine
AT&M
Tianjin Golden Bridge
Lincoln Electric
ESAB

In Chapter 4 and Chapter 14.2, on the basis of types, the Flux Cored Welding Wire market from 2018 to 2029 is primarily split into:

Seamed tubular welding wires
Seamless tubular welding wires

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Flux Cored Welding Wire market from 2018 to 2029 covers:

Machinery
Structural Fabrication
Ship Building
Bridges
Others

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) 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)