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The Welding Electrodes Market size was estimated at USD 5.49 billion in 2023 and is expected to reach USD 10.84 billion By 2032 at a CAGR of 7.85% during the forecast period of 2024-2032. This report provides exclusive standard market trends, insights about changes in the pricing of raw materials in real-time, and how supply chain disruption is impacting electrode production. This covers region-specific regulations impacting electrode formulations, including sustainability mandates, and the resultant push towards low-fume and environmentally friendly coatings. It also delves new electrode technologies including nanostructured coatings, hybrid alloy compositions, and self-shielding electrodes for ultra-extreme industrial service.
MARKET DYNAMICS
DRIVERS
An increase in automated welding and robotic systems leads to high levels of efficiency, quality, and productivity, which in turn contributes to a rise in demand for welding electrodes.
The rise in automation and robotic technology in welding applications continues to provide a significant increase in the quality and efficiency of the welding process. Welding automation provides a more accurate, repetitive, and swift method of welding which mitigates human error and improves welding projects overall. In particular, due to their ability to operate high-level complex tasks with high repeatability, robotic welding systems are well-suited for large-scale use in an extensive range of manufacturing settings such as the automotive and aerospace sectors. Such innovations are helping manufacturers produce effective welds with a minimum of defects so that the turnaround time is reduced, resulting in improved productivity. As these technologies become more widespread, the demand for welding electrodes grows, as they are essential for these advanced processes. In addition, the implementation of automation and robotics in welding reduces exposure to hazardous fumes and physical overload, resulting in increased safety in welding operations, thereby accelerating the demand for advanced welding systems and, in turn, driving the growth of specialized welding electrodes.
RESTRAINT
Variability in the price of raw materials can increase production costs for welding electrodes, negatively impacting the profitability of manufacturers.
Volatile costs of raw materials like steel and nickel represent a major hurdle in the overall welding electrodes industry pose a significant challenge to the welding electrodes market. These materials are essential in the production of welding electrodes, and their prices can be highly volatile due to factors like global supply chain disruptions, geopolitical tensions, and changes in demand. Higher prices of raw materials will lead to increased costs of production for the manufacturers, which can be either transferred to the customers as increased prices or absorbed by the manufacturer, leading to a decline in margins. Such price volatility makes financial planning unpredictable and creates difficulty for manufacturers to ensure pricing stability. Finally, an increase in the costs of raw materials can put a manufacturer at a competitive disadvantage, especially smaller manufacturers who may lack the financial capability to absorb sudden cost hikes. OPPORTUNITY
Development of the renewable energy sector (Wind and Solar) is leading to higher consumption of welding electrodes in infrastructure.
The growth of the renewable energy sector, particularly in wind and solar power, is creating significant demand for welding electrodes. The growth of renewable energy in wind & solar power is fueling demand for welding electrodes. Renewable energy projects have special infrastructure needs, the wind turbine components or solar panel frames need to be riveted and the transmission towers have to be welded for strength. The production of these parts frequently includes challenging welding applications that demand high-quality electrodes to create support, robust welds. The transition to sustainable energy has resulted in numerous wind farms, solar power plants, and energy storage technologies being constructed, thus driving demand for high-performance welding electrodes. Moreover, with the increase in the scale of these projects, the need for welding efficiency and economical solutions is growing, providing opportunities for electrode manufacturers to develop novel ways to serve the ever-evolving requirements of the renewable energy industry. As renewable energy presents a major new focus of global energy strategy, this area represents a key growth opportunity for welding electrode makers.
CHALLENGES
Welding electrodes release harmful fumes, requiring costly safety measures and regulations to protect workers' health.
During the welding process, harmful gases come out of the welding electrode, such as ozone, nitrogen oxides, and carbon monoxide all of which can have serious mobility effects on workers. Over time, inhalation of these gases can cause respiratory disorders, eye irritation, and permanent diseases like lung cancer or metal fume fever. This poses a huge threat to using welding electrodes in industrial applications. Appropriate safety measures must be put in place to mitigate these risks, including proper ventilation systems, personal protective equipment (PPE) like respirators, and regular health checks of workers. Further, regulatory agencies like OSHA (Occupational Safety and Health Administration) enforcing workplace safety standards necessitate the inclusion of safety mechanisms by manufacturers. However, these protective measures result in higher costs imposed on manufacturers in terms of equipment, training, and regulatory compliance.
MARKET SEGMENTATION
By Type
The Stick Electrodes segment held more than 62% of the market share in 2023. Such electrodes are attractive due to their versatility, simplicity, and low-cost propensities. Stick Electrodes, especially for manual welding processes, can be used for all positions, as well as outdoors with limited protection from the weather and in difficult-to-reach winkles. The fact that they can weld all types of metals, including mild steel and stainless steel, also adds to the appeal. Stick Electrodes are also very fit for heavy applications where reliability and durability are needed. Their appropriate application in industries with regular maintenance and repairs makes it a majority holder in the market.
By End-User
The Construction segment dominated with a market share of over 38% of the market in 2023. This dominance is linked to the high demand for welding applications in various construction projects such as residential and commercial as well as infrastructural developments. Welding is a vital process that is carried out in the manufacturing of steel components, rebars, and other materials that provide stability and durability structures. Demand for reliable, high-performance welding electrodes continues to grow in line with the worldwide expansion of urbanization and associated infrastructure projects. This segment further benefits from unique welding solutions for civil engineering projects such as bridges, roads, and tunnels.
KEY REGIONAL ANALYSIS
The Asia-Pacific region dominated with a market share of over 34% in 2023. The market is dominated by many key players globally, with China, India, Japan, and South Korea being among the leading countries. The demand for quality welding electrodes is also supported by rapid industrialization infrastructure development, and increasing use of welding technologies. Moreover, Asia-Pacific is the fastest-growing region with increasing industrial activities and investments in industrial and infrastructure & energy sectors. This region is growing rapidly due to the rapid expansion of the construction and automotive sectors as well as the growing number of emerging economies.
North America is expected to grow at the significant growth rate from 2024-2032. It is primarily driven by advancements in manufacturing technologies along with a growing demand from major industries. The oil and gas sector, in particular, makes an important contribution, as it demands reliable and durable welding solutions to develop and maintain its infrastructure. Also, infrastructure renewal and modernization improve the demand for welding materials in the construction, automotive, and aerospace sectors. Having a strong industrial base between the U.S. and Canada, there is a constant demand for quality welding electrodes for different applications. All of these contribute toward the growth of North America and its share in the global welding electrodes market.
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Some of the major key players in the Welding Electrodes Market
Lincoln Electric (Mild Steel Electrodes, Stainless Steel Electrodes, Aluminum Electrodes)
KOBE STEEL, LTD. (Mild Steel Electrodes, Stainless Steel Electrodes)
ESAB (Stick Electrodes, Flux-Cored Electrodes)
ZULFI (Mild Steel Electrodes, Stainless Steel Electrodes)
KISWEL CO., LTD. (Mild Steel Electrodes, Stainless Steel Electrodes)
CS HOLDINGS CO., LTD. (Welding Electrodes, Flux-Cored Welding Wire)
RME MIDDLE EAST (Welding Electrodes, MIG Welding Wire)
voestalpine BOHLER Edelstahl GmbH (Welding Electrodes, Flux-Cored Wires)
Capilla (Welding Electrodes for Steel, Cast Iron Electrodes)
Tianjin Golden Bridge Welding Materials Group Co., Ltd. (Mild Steel Electrodes, Stainless Steel Electrodes)
Ador Welding Limited (Mild Steel Electrodes, Stainless Steel Electrodes)
Kobe Welding (Flux-Cored Electrodes, Stainless Steel Electrodes)
Weldbond (Mild Steel Electrodes, Flux-Cored Electrodes)
Sunstone Welders (TIG Welding Electrodes, MIG Welding Electrodes)
Miller Electric (MIG and Stick Electrodes, Flux-Cored Electrodes)
ArcelorMittal (Welding Electrodes, Submerged Arc Electrodes)
ITW Welding (Stick Electrodes, MIG & Flux-Cored Wires)
Thermadyne (Welding Electrodes, Consumables for TIG, MIG)
Fronius International GmbH (Welding Electrodes, Filler Materials)
Harris Products Group (Mild Steel Electrodes, Flux-Cored Wires)
Suppliers for (high-quality welding products, including electrodes for all types of welding, particularly in automation and robotic welding) on Welding Electrodes Market
Lincoln Electric
ESAB
KOBE STEEL, LTD.
KISWEL CO., LTD.
Ador Welding Limited
Miller Electric
Weldbond
Thermadyne
ITW Welding
Fronius International GmbH
RECENT DEVELOPMENT
In July 31, 2024: Lincoln Electric has acquired Vanair Manufacturing, a global leader in mobile power solutions for the U.S. service truck market. The acquisition enhances Lincoln Electric's portfolio with equipment like compressors, generators, welders, hydraulics, and welding solutions, positioning the company for accelerated growth and long-term value creation. Vanair contributes approximately USD 100 million in annual revenue.
In May 23, 2024: ESAB showcased its latest welding materials and equipment at the Welding and Cutting 2024 exhibition in Minsk, including high-performance welding inverters like the ESAB Transmig 500 DP and ESAB Rogue EMP 210 PRO, as well as advanced personal protective equipment such as the Sentinel A60 mask with improved filter technology. These innovations highlight ESAB's commitment to providing reliable solutions for diverse industries.
| Report Attributes | Details |
|---|---|
| Market Size in 2023 | USD 5.49 billion |
| Market Size by 2032 | USD 10.84 billion |
| CAGR | CAGR of 7.85% From 2024 to 2032 |
| Base Year | 2023 |
| Forecast Period | 2024-2032 |
| Historical Data | 2020-2022 |
| Report Scope & Coverage | Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook |
| Key Segments | • By Type (Stick Electrodes, Coiled Wires) • By End User (Automotive, Construction, Oil & Gas, Shipbuilding, Aerospace & Defence, Others) |
| Regional Analysis/Coverage | North America (US, Canada, Mexico), Europe (Eastern Europe [Poland, Romania, Hungary, Turkey, Rest of Eastern Europe] Western Europe] Germany, France, UK, Italy, Spain, Netherlands, Switzerland, Austria, Rest of Western Europe]), Asia Pacific (China, India, Japan, South Korea, Vietnam, Singapore, Australia, Rest of Asia Pacific), Middle East & Africa (Middle East [UAE, Egypt, Saudi Arabia, Qatar, Rest of Middle East], Africa [Nigeria, South Africa, Rest of Africa], Latin America (Brazil, Argentina, Colombia, Rest of Latin America) |
| Company Profiles | Lincoln Electric, KOBE STEEL, LTD., ESAB, ZULFI, KISWEL CO., LTD., CS HOLDINGS CO., LTD., RME MIDDLE EAST, voestalpine BOHLER Edelstahl GmbH, Capilla, Tianjin Golden Bridge Welding Materials Group Co., Ltd., Ador Welding Limited, Kobe Welding, Weldbond, Sunstone Welders, Miller Electric, ArcelorMittal, ITW Welding, Thermadyne, Fronius International GmbH, Harris Products Group. |
Ans: The Welding Electrodes Market is expected to grow at a CAGR of 7.85% during 2024-2032.
Ans: The Welding Electrodes Market was USD 5.49 billion in 2023 and is expected to Reach USD 10.84 billion by 2032.
Ans: An increase in automated welding and robotic systems leads to high levels of efficiency, quality, and productivity, which in turn contributes to a rise in demand for welding electrodes.
Ans: The “Stick Electrodes” segment dominated the Welding Electrodes Market.
Ans: Asia-Pacific dominated the Welding Electrodes Market in 2023
Table of Content
1. Introduction
1.1 Market Definition
1.2 Scope (Inclusion and Exclusions)
1.3 Research Assumptions
2. Executive Summary
2.1 Market Overview
2.2 Regional Synopsis
2.3 Competitive Summary
3. Research Methodology
3.1 Top-Down Approach
3.2 Bottom-up Approach
3.3. Data Validation
3.4 Primary Interviews
4. Market Dynamics Impact Analysis
4.1 Market Driving Factors Analysis
4.1.2 Drivers
4.1.2 Restraints
4.1.3 Opportunities
4.1.4 Challenges
4.2 PESTLE Analysis
4.3 Porter’s Five Forces Model
5. Statistical Insights and Trends Reporting
5.1 Regulatory and Safety Standards, by Region
5.2 Demand and Consumption Trends, by Industry (e.g., Automotive, Construction, Shipbuilding, etc.)
5.3 R&D Investments and Innovation Trends
5.4 Environmental Impact and Sustainability Initiatives
6. Competitive Landscape
6.1 List of Major Companies, By Region
6.2 Market Share Analysis, By Region
6.3 Product Benchmarking
6.3.1 Product specifications and features
6.3.2 Pricing
6.4 Strategic Initiatives
6.4.1 Marketing and promotional activities
6.4.2 Distribution and supply chain strategies
6.4.3 Expansion plans and new product launches
6.4.4 Strategic partnerships and collaborations
6.5 Technological Advancements
6.6 Market Positioning and Branding
7. Welding Electrodes Market Segmentation, By Type
7.1 Chapter Overview
7.2 Stick Electrodes
7.2.1 Stick Electrodes Market Trends Analysis (2020-2032)
7.2.2 Stick Electrodes Market Size Estimates and Forecasts to 2032 (USD Billion)
7.3 Coiled Wires
7.3.1 Coiled Wires Market Trends Analysis (2020-2032)
7.3.2 Coiled Wires Market Size Estimates and Forecasts to 2032 (USD Billion)
8. Welding Electrodes Market Segmentation, By End User
8.1 Chapter Overview
8.2 Automotive
8.2.1 Automotive Market Trends Analysis (2020-2032)
8.2.2 Automotive Market Size Estimates and Forecasts to 2032 (USD Billion)
8.3 Construction
8.3.1 Construction Market Trends Analysis (2020-2032)
8.3.2 Construction Market Size Estimates and Forecasts to 2032 (USD Billion)
8.4 Oil & gas
8.3.1 Oil & gas Market Trends Analysis (2020-2032)
8.3.2 Oil & gas Market Size Estimates and Forecasts to 2032 (USD Billion)
8.5 Shipbuilding
8.5.1 Shipbuilding Market Trends Analysis (2020-2032)
8.5.2 Shipbuilding Market Size Estimates and Forecasts to 2032 (USD Billion)
8.6 Aerospace & defence
8.6.1 Aerospace & defence Market Trends Analysis (2020-2032)
8.6.2 Aerospace & defence Market Size Estimates and Forecasts to 2032 (USD Billion)
8.7 Others
8.7.1 Others Market Trends Analysis (2020-2032)
8.7.2 Others Market Size Estimates and Forecasts to 2032 (USD Billion)
9. Regional Analysis
9.1 Chapter Overview
9.2 North America
9.2.1 Trends Analysis
9.2.2 North America Welding Electrodes Market Estimates and Forecasts, by Country (2020-2032) (USD Billion)
9.2.3 North America Welding Electrodes Market Estimates and Forecasts, By Type (2020-2032) (USD Billion)
9.2.4 North America Welding Electrodes Market Estimates and Forecasts, By End-User (2020-2032) (USD Billion)
9.2.5 USA
9.2.5.1 USA Welding Electrodes Market Estimates and Forecasts, By Type (2020-2032) (USD Billion)
9.2.5.2 USA Welding Electrodes Market Estimates and Forecasts, By End-User (2020-2032) (USD Billion)
9.2.6 Canada
9.2.6.1 Canada Welding Electrodes Market Estimates and Forecasts, By Type (2020-2032) (USD Billion)
9.2.6.2 Canada Welding Electrodes Market Estimates and Forecasts, By End-User (2020-2032) (USD Billion)
9.2.7 Mexico
9.2.7.1 Mexico Welding Electrodes Market Estimates and Forecasts, By Type (2020-2032) (USD Billion)
9.2.7.2 Mexico Welding Electrodes Market Estimates and Forecasts, By End-User (2020-2032) (USD Billion)
9.3 Europe
9.3.1 Eastern Europe
9.3.1.1 Trends Analysis
9.3.1.2 Eastern Europe Welding Electrodes Market Estimates and Forecasts, by Country (2020-2032) (USD Billion)
9.3.1.3 Eastern Europe Welding Electrodes Market Estimates and Forecasts, By Type (2020-2032) (USD Billion)
9.3.1.4 Eastern Europe Welding Electrodes Market Estimates and Forecasts, By End-User (2020-2032) (USD Billion)
9.3.1.5 Poland
9.3.1.5.1 Poland Welding Electrodes Market Estimates and Forecasts, By Type (2020-2032) (USD Billion)
9.3.1.5.2 Poland Welding Electrodes Market Estimates and Forecasts, By End-User (2020-2032) (USD Billion)
9.3.1.6 Romania
9.3.1.6.1 Romania Welding Electrodes Market Estimates and Forecasts, By Type (2020-2032) (USD Billion)
9.3.1.6.2 Romania Welding Electrodes Market Estimates and Forecasts, By End-User (2020-2032) (USD Billion)
9.3.1.7 Hungary
9.3.1.7.1 Hungary Welding Electrodes Market Estimates and Forecasts, By Type (2020-2032) (USD Billion)
9.3.1.7.2 Hungary Welding Electrodes Market Estimates and Forecasts, By End-User (2020-2032) (USD Billion)
9.3.1.8 Turkey
9.3.1.8.1 Turkey Welding Electrodes Market Estimates and Forecasts, By Type (2020-2032) (USD Billion)
9.3.1.8.2 Turkey Welding Electrodes Market Estimates and Forecasts, By End-User (2020-2032) (USD Billion)
9.3.1.9 Rest of Eastern Europe
9.3.1.9.1 Rest of Eastern Europe Welding Electrodes Market Estimates and Forecasts, By Type (2020-2032) (USD Billion)
9.3.1.9.2 Rest of Eastern Europe Welding Electrodes Market Estimates and Forecasts, By End-User (2020-2032) (USD Billion)
9.3.2 Western Europe
9.3.2.1 Trends Analysis
9.3.2.2 Western Europe Welding Electrodes Market Estimates and Forecasts, by Country (2020-2032) (USD Billion)
9.3.2.3 Western Europe Welding Electrodes Market Estimates and Forecasts, By Type (2020-2032) (USD Billion)
9.3.2.4 Western Europe Welding Electrodes Market Estimates and Forecasts, By End-User (2020-2032) (USD Billion)
9.3.2.5 Germany
9.3.2.5.1 Germany Welding Electrodes Market Estimates and Forecasts, By Type (2020-2032) (USD Billion)
9.3.2.5.2 Germany Welding Electrodes Market Estimates and Forecasts, By End-User (2020-2032) (USD Billion)
9.3.2.6 France
9.3.2.6.1 France Welding Electrodes Market Estimates and Forecasts, By Type (2020-2032) (USD Billion)
9.3.2.6.2 France Welding Electrodes Market Estimates and Forecasts, By End-User (2020-2032) (USD Billion)
9.3.2.7 UK
9.3.2.7.1 UK Welding Electrodes Market Estimates and Forecasts, By Type (2020-2032) (USD Billion)
9.3.2.7.2 UK Welding Electrodes Market Estimates and Forecasts, By End-User (2020-2032) (USD Billion)
9.3.2.8 Italy
9.3.2.8.1 Italy Welding Electrodes Market Estimates and Forecasts, By Type (2020-2032) (USD Billion)
9.3.2.8.2 Italy Welding Electrodes Market Estimates and Forecasts, By End-User (2020-2032) (USD Billion)
9.3.2.9 Spain
9.3.2.9.1 Spain Welding Electrodes Market Estimates and Forecasts, By Type (2020-2032) (USD Billion)
9.3.2.9.2 Spain Welding Electrodes Market Estimates and Forecasts, By End-User (2020-2032) (USD Billion)
9.3.2.10 Netherlands
9.3.2.10.1 Netherlands Welding Electrodes Market Estimates and Forecasts, By Type (2020-2032) (USD Billion)
9.3.2.10.2 Netherlands Welding Electrodes Market Estimates and Forecasts, By End-User (2020-2032) (USD Billion)
9.3.2.11 Switzerland
9.3.2.11.1 Switzerland Welding Electrodes Market Estimates and Forecasts, By Type (2020-2032) (USD Billion)
9.3.2.11.2 Switzerland Welding Electrodes Market Estimates and Forecasts, By End-User (2020-2032) (USD Billion)
9.3.2.12 Austria
9.3.2.12.1 Austria Welding Electrodes Market Estimates and Forecasts, By Type (2020-2032) (USD Billion)
9.3.2.12.2 Austria Welding Electrodes Market Estimates and Forecasts, By End-User (2020-2032) (USD Billion)
9.3.2.13 Rest of Western Europe
9.3.2.13.1 Rest of Western Europe Welding Electrodes Market Estimates and Forecasts, By Type (2020-2032) (USD Billion)
9.3.2.13.2 Rest of Western Europe Welding Electrodes Market Estimates and Forecasts, By End-User (2020-2032) (USD Billion)
9.4 Asia-Pacific
9.4.1 Trends Analysis
9.4.2 Asia-Pacific Welding Electrodes Market Estimates and Forecasts, by Country (2020-2032) (USD Billion)
9.4.3 Asia-Pacific Welding Electrodes Market Estimates and Forecasts, By Type (2020-2032) (USD Billion)
9.4.4 Asia-Pacific Welding Electrodes Market Estimates and Forecasts, By End-User (2020-2032) (USD Billion)
9.4.5 China
9.4.5.1 China Welding Electrodes Market Estimates and Forecasts, By Type (2020-2032) (USD Billion)
9.4.5.2 China Welding Electrodes Market Estimates and Forecasts, By End-User (2020-2032) (USD Billion)
9.4.6 India
9.4.5.1 India Welding Electrodes Market Estimates and Forecasts, By Type (2020-2032) (USD Billion)
9.4.5.2 India Welding Electrodes Market Estimates and Forecasts, By End-User (2020-2032) (USD Billion)
9.4.5 Japan
9.4.5.1 Japan Welding Electrodes Market Estimates and Forecasts, By Type (2020-2032) (USD Billion)
9.4.5.2 Japan Welding Electrodes Market Estimates and Forecasts, By End-User (2020-2032) (USD Billion)
9.4.6 South Korea
9.4.6.1 South Korea Welding Electrodes Market Estimates and Forecasts, By Type (2020-2032) (USD Billion)
9.4.6.2 South Korea Welding Electrodes Market Estimates and Forecasts, By End-User (2020-2032) (USD Billion)
9.4.7 Vietnam
9.4.7.1 Vietnam Welding Electrodes Market Estimates and Forecasts, By Type (2020-2032) (USD Billion)
9.2.7.2 Vietnam Welding Electrodes Market Estimates and Forecasts, By End-User (2020-2032) (USD Billion)
9.4.8 Singapore
9.4.8.1 Singapore Welding Electrodes Market Estimates and Forecasts, By Type (2020-2032) (USD Billion)
9.4.8.2 Singapore Welding Electrodes Market Estimates and Forecasts, By End-User (2020-2032) (USD Billion)
9.4.9 Australia
9.4.9.1 Australia Welding Electrodes Market Estimates and Forecasts, By Type (2020-2032) (USD Billion)
9.4.9.2 Australia Welding Electrodes Market Estimates and Forecasts, By End-User (2020-2032) (USD Billion)
9.4.10 Rest of Asia-Pacific
9.4.10.1 Rest of Asia-Pacific Welding Electrodes Market Estimates and Forecasts, By Type (2020-2032) (USD Billion)
9.4.10.2 Rest of Asia-Pacific Welding Electrodes Market Estimates and Forecasts, By End-User (2020-2032) (USD Billion)
9.5 Middle East and Africa
9.5.1 Middle East
9.5.1.1 Trends Analysis
9.5.1.2 Middle East Welding Electrodes Market Estimates and Forecasts, by Country (2020-2032) (USD Billion)
9.5.1.3 Middle East Welding Electrodes Market Estimates and Forecasts, By Type (2020-2032) (USD Billion)
9.5.1.4 Middle East Welding Electrodes Market Estimates and Forecasts, By End-User (2020-2032) (USD Billion)
9.5.1.5 UAE
9.5.1.5.1 UAE Welding Electrodes Market Estimates and Forecasts, By Type (2020-2032) (USD Billion)
9.5.1.5.2 UAE Welding Electrodes Market Estimates and Forecasts, By End-User (2020-2032) (USD Billion)
9.5.1.6 Egypt
9.5.1.6.1 Egypt Welding Electrodes Market Estimates and Forecasts, By Type (2020-2032) (USD Billion)
9.5.1.6.2 Egypt Welding Electrodes Market Estimates and Forecasts, By End-User (2020-2032) (USD Billion)
9.5.1.7 Saudi Arabia
9.5.1.7.1 Saudi Arabia Welding Electrodes Market Estimates and Forecasts, By Type (2020-2032) (USD Billion)
9.5.1.7.2 Saudi Arabia Welding Electrodes Market Estimates and Forecasts, By End-User (2020-2032) (USD Billion)
9.5.1.8 Qatar
9.5.1.8.1 Qatar Welding Electrodes Market Estimates and Forecasts, By Type (2020-2032) (USD Billion)
9.5.1.8.2 Qatar Welding Electrodes Market Estimates and Forecasts, By End-User (2020-2032) (USD Billion)
9.5.1.9 Rest of Middle East
9.5.1.9.1 Rest of Middle East Welding Electrodes Market Estimates and Forecasts, By Type (2020-2032) (USD Billion)
9.5.1.9.2 Rest of Middle East Welding Electrodes Market Estimates and Forecasts, By End-User (2020-2032) (USD Billion)
9.5.2 Africa
9.5.2.1 Trends Analysis
9.5.2.2 Africa Welding Electrodes Market Estimates and Forecasts, by Country (2020-2032) (USD Billion)
9.5.2.3 Africa Welding Electrodes Market Estimates and Forecasts, By Type (2020-2032) (USD Billion)
9.5.2.4 Africa Welding Electrodes Market Estimates and Forecasts, By End-User (2020-2032) (USD Billion)
9.5.2.5 South Africa
9.5.2.5.1 South Africa Welding Electrodes Market Estimates and Forecasts, By Type (2020-2032) (USD Billion)
9.5.2.5.2 South Africa Welding Electrodes Market Estimates and Forecasts, By End-User (2020-2032) (USD Billion)
9.5.2.6 Nigeria
9.5.2.6.1 Nigeria Welding Electrodes Market Estimates and Forecasts, By Type (2020-2032) (USD Billion)
9.5.2.6.2 Nigeria Welding Electrodes Market Estimates and Forecasts, By End-User (2020-2032) (USD Billion)
9.6 Latin America
9.6.1 Trends Analysis
9.6.2 Latin America Welding Electrodes Market Estimates and Forecasts, by Country (2020-2032) (USD Billion)
9.6.3 Latin America Welding Electrodes Market Estimates and Forecasts, By Type (2020-2032) (USD Billion)
9.6.4 Latin America Welding Electrodes Market Estimates and Forecasts, By End-User (2020-2032) (USD Billion)
9.6.5 Brazil
9.6.5.1 Brazil Welding Electrodes Market Estimates and Forecasts, By Type (2020-2032) (USD Billion)
9.6.5.2 Brazil Welding Electrodes Market Estimates and Forecasts, By End-User (2020-2032) (USD Billion)
9.6.6 Argentina
9.6.6.1 Argentina Welding Electrodes Market Estimates and Forecasts, By Type (2020-2032) (USD Billion)
9.6.6.2 Argentina Welding Electrodes Market Estimates and Forecasts, By End-User (2020-2032) (USD Billion)
9.6.7 Colombia
9.6.7.1 Colombia Welding Electrodes Market Estimates and Forecasts, By Type (2020-2032) (USD Billion)
9.6.7.2 Colombia Welding Electrodes Market Estimates and Forecasts, By End-User (2020-2032) (USD Billion)
9.6.8 Rest of Latin America
9.6.8.1 Rest of Latin America Welding Electrodes Market Estimates and Forecasts, By Type (2020-2032) (USD Billion)
9.6.8.2 Rest of Latin America Welding Electrodes Market Estimates and Forecasts, By End-User (2020-2032) (USD Billion)
11. Company Profiles
11.1 Lincoln Electric
11.1.1 Company Overview
11.1.2 Financial
11.1.3 Products/ Services Offered
11.1.4 SWOT Analysis
11.2 KOBE STEEL, LTD.
11.2.1 Company Overview
11.2.2 Financial
11.2.3 Products/ Services Offered
11.2.4 SWOT Analysis
11.3 ESAB
11.3.1 Company Overview
11.3.2 Financial
11.3.3 Products/ Services Offered
11.3.4 SWOT Analysis
11.4 ZULFI
11.4.1 Company Overview
11.4.2 Financial
11.4.3 Products/ Services Offered
11.4.4 SWOT Analysis
11.5 KISWEL CO., LTD.
11.5.1 Company Overview
11.5.2 Financial
11.5.3 Products/ Services Offered
11.5.4 SWOT Analysis
11.6 CS HOLDINGS CO., LTD.
11.6.1 Company Overview
11.6.2 Financial
11.6.3 Products/ Services Offered
11.6.4 SWOT Analysis
11.7 RME MIDDLE EAST
11.7.1 Company Overview
11.7.2 Financial
11.7.3 Products/ Services Offered
11.7.4 SWOT Analysis
11.8 voestalpine BOHLER Edelstahl GmbH
11.8.1 Company Overview
11.8.2 Financial
11.8.3 Products/ Services Offered
11.8.4 SWOT Analysis
11.9 capilla
11.9.1 Company Overview
11.9.2 Financial
11.9.3 Products/ Services Offered
11.9.4 SWOT Analysis
11.10 Tianjin Golden Bridge Welding Materials Group Co., Ltd.
11.10.1 Company Overview
11.10.2 Financial
11.10.3 Products/ Services Offered
11.10.4 SWOT Analysis
12. Use Cases and Best Practices
13. Conclusion
An accurate research report requires proper strategizing as well as implementation. There are multiple factors involved in the completion of good and accurate research report and selecting the best methodology to compete the research is the toughest part. Since the research reports we provide play a crucial role in any company’s decision-making process, therefore we at SNS Insider always believe that we should choose the best method which gives us results closer to reality. This allows us to reach at a stage wherein we can provide our clients best and accurate investment to output ratio.
Each report that we prepare takes a timeframe of 350-400 business hours for production. Starting from the selection of titles through a couple of in-depth brain storming session to the final QC process before uploading our titles on our website we dedicate around 350 working hours. The titles are selected based on their current market cap and the foreseen CAGR and growth.
The 5 steps process:
Step 1: Secondary Research:
Secondary Research or Desk Research is as the name suggests is a research process wherein, we collect data through the readily available information. In this process we use various paid and unpaid databases which our team has access to and gather data through the same. This includes examining of listed companies’ annual reports, Journals, SEC filling etc. Apart from this our team has access to various associations across the globe across different industries. Lastly, we have exchange relationships with various university as well as individual libraries.
Step 2: Primary Research
When we talk about primary research, it is a type of study in which the researchers collect relevant data samples directly, rather than relying on previously collected data. This type of research is focused on gaining content specific facts that can be sued to solve specific problems. Since the collected data is fresh and first hand therefore it makes the study more accurate and genuine.
We at SNS Insider have divided Primary Research into 2 parts.
Part 1 wherein we interview the KOLs of major players as well as the upcoming ones across various geographic regions. This allows us to have their view over the market scenario and acts as an important tool to come closer to the accurate market numbers. As many as 45 paid and unpaid primary interviews are taken from both the demand and supply side of the industry to make sure we land at an accurate judgement and analysis of the market.
This step involves the triangulation of data wherein our team analyses the interview transcripts, online survey responses and observation of on filed participants. The below mentioned chart should give a better understanding of the part 1 of the primary interview.
Part 2: In this part of primary research the data collected via secondary research and the part 1 of the primary research is validated with the interviews from individual consultants and subject matter experts.
Consultants are those set of people who have at least 12 years of experience and expertise within the industry whereas Subject Matter Experts are those with at least 15 years of experience behind their back within the same space. The data with the help of two main processes i.e., FGDs (Focused Group Discussions) and IDs (Individual Discussions). This gives us a 3rd party nonbiased primary view of the market scenario making it a more dependable one while collation of the data pointers.
Step 3: Data Bank Validation
Once all the information is collected via primary and secondary sources, we run that information for data validation. At our intelligence centre our research heads track a lot of information related to the market which includes the quarterly reports, the daily stock prices, and other relevant information. Our data bank server gets updated every fortnight and that is how the information which we collected using our primary and secondary information is revalidated in real time.
Step 4: QA/QC Process
After all the data collection and validation our team does a final level of quality check and quality assurance to get rid of any unwanted or undesired mistakes. This might include but not limited to getting rid of the any typos, duplication of numbers or missing of any important information. The people involved in this process include technical content writers, research heads and graphics people. Once this process is completed the title gets uploader on our platform for our clients to read it.
Step 5: Final QC/QA Process:
This is the last process and comes when the client has ordered the study. In this process a final QA/QC is done before the study is emailed to the client. Since we believe in giving our clients a good experience of our research studies, therefore, to make sure that we do not lack at our end in any way humanly possible we do a final round of quality check and then dispatch the study to the client.
By Type
Stick Electrodes
Coiled Wires
By End User
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Rest of Eastern Europe
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Rest of Western Europe
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China
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Vietnam
Singapore
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Rest of Asia Pacific
Middle East & Africa
Middle East
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Saudi Arabia
Qatar
Rest of the Middle East
Africa
Nigeria
South Africa
Rest of Africa
Latin America
Brazil
Argentina
Colombia
Rest of Latin America
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Available Customization
With the given market data, SNS Insider offers customization as per the company’s specific needs. The following customization options are available for the report:
Product Analysis
Criss-Cross segment analysis (e.g. Product X Application)
Product Matrix which gives a detailed comparison of product portfolio of each company
Geographic Analysis
Additional countries in any of the regions
Company Information
Detailed analysis and profiling of additional market players (Up to five)
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