Global Cored Wire Market 2025 by Manufacturers, Regions, Type and Application, Forecast to 2031
Description
According to our (Global Info Research) latest study, the global Cored Wire market size was valued at US$ 354 million in 2024 and is forecast to a readjusted size of USD 391 million by 2031 with a CAGR of 1.5% during review period.
Cored wire is a type of metal wire product that consists of a core material encased in a sheath. This design allows for the delivery of various substances, such as alloys, fluxes, or other materials, directly to the molten metal during processes like welding and metallurgy. The core can be made from different materials depending on the downstream uses, the outer sheath is typically made of steel or other metals. Cored wire is widely used in industries such as steelmaking, foundry operations, and welding, providing significant advantages in terms of efficiency and performance.
Main market development drivers of the cored wire Product include the increasing demand for high-quality steel and alloys in various industries, such as construction, automotive, and manufacturing. Technological advancements in welding processes and materials have also contributed to the market's growth, as cored wires enhance efficiency and performance. Additionally, the emphasis on sustainable practices is driving manufacturers to develop eco-friendly cored wire options. The growing trend of automation in industrial processes further boosts demand, as cored wires are compatible with modern welding machines and technologies, leading to increased productivity and cost-effectiveness.
The global cored wire market is experiencing substantial growth, driven by the increasing demand for efficient and high-quality metallurgical processes across various industries. The steelmaking sector is one of the largest consumers of cored wire, where it is used to introduce alloying elements and improve the properties of steel. With the rise of advanced manufacturing techniques and the need for higher quality materials, cored wire has become essential in ensuring uniformity and consistency in the final product.
In welding industry, cored wire offers benefits such as reduced spatter, improved arc stability, and enhanced deposition rates. These features are particularly valuable in applications requiring precision and strength. Furthermore, the shift towards automated welding processes has also bolstered the demand for cored wires, as they are compatible with various welding machines and technologies.
Asia-Pacific holds a significant share of the cored wire market, primarily due to the presence of major steel producers and a rapidly growing construction sector. Countries like China and India are investing heavily in infrastructure development, which further fuels the demand for steel and related products. Additionally, North America and Europe are witnessing steady growth, driven by technological advancements and the need for high-performance materials in welding and manufacturing processes.
Global sustainability trend is also influencing the cored wire market, with an increasing number of manufacturers looking to produce eco-friendly options. Innovations in cored wire formulations, such as the use of recycled materials and low-emission production techniques, are gaining traction. This aligns with global efforts to reduce carbon footprints and promote environmentally friendly practices in industrial processes.
This report is a detailed and comprehensive analysis for global Cored Wire market. Both quantitative and qualitative analyses are presented by manufacturers, by region & country, by Type and by Application. As the market is constantly changing, this report explores the competition, supply and demand trends, as well as key factors that contribute to its changing demands across many markets. Company profiles and product examples of selected competitors, along with market share estimates of some of the selected leaders for the year 2025, are provided.
Key Features:
Global Cored Wire market size and forecasts, in consumption value ($ Million), sales quantity (K MT), and average selling prices (USD/MT), 2020-2031
Global Cored Wire market size and forecasts by region and country, in consumption value ($ Million), sales quantity (K MT), and average selling prices (USD/MT), 2020-2031
Global Cored Wire market size and forecasts, by Type and by Application, in consumption value ($ Million), sales quantity (K MT), and average selling prices (USD/MT), 2020-2031
Global Cored Wire market shares of main players, shipments in revenue ($ Million), sales quantity (K MT), and ASP (USD/MT), 2020-2025
The Primary Objectives in This Report Are:
To determine the size of the total market opportunity of global and key countries
To assess the growth potential for Cored Wire
To forecast future growth in each product and end-use market
To assess competitive factors affecting the marketplace
This report profiles key players in the global Cored Wire market based on the following parameters - company overview, sales quantity, revenue, price, gross margin, product portfolio, geographical presence, and key developments. Key companies covered as a part of this study include Sarthak Metals, Anyang Chunyang, Anyang Tiefa, Anyang Wanhua Metal, Xibao Group, Harbin KeDeWei, Anyang Changxin Special Alloy, Wuxi Novel Special Metal, TUF Group, Sanxiang Advanced Materials, etc.
This report also provides key insights about market drivers, restraints, opportunities, new product launches or approvals.
Market Segmentation
Cored Wire market is split by Type and by Application. For the period 2020-2031, the growth among segments provides accurate calculations and forecasts for consumption value by Type, and by Application in terms of volume and value. This analysis can help you expand your business by targeting qualified niche markets.
Market segment by Type
Calcium Silicide Cored Wire (CaSi)
Calcium Solid Cored Wire (Ca)
Pure Carbon Cored Wire (C)
Ferro Calcium Cored Wire (CaFe)
Others
Market segment by Application
Steelmaking
Iron Casting
Others
Major players covered
Sarthak Metals
Anyang Chunyang
Anyang Tiefa
Anyang Wanhua Metal
Xibao Group
Harbin KeDeWei
Anyang Changxin Special Alloy
Wuxi Novel Special Metal
TUF Group
Sanxiang Advanced Materials
OFZ, a. s.
McKeown
Lincoln Electric
Sandvik Materials
Bohler Welding
Kobe Steel
Esab
Miller Electric
Market segment by region, regional analysis covers
North America (United States, Canada, and Mexico)
Europe (Germany, France, United Kingdom, Russia, Italy, and Rest of Europe)
Asia-Pacific (China, Japan, Korea, India, Southeast Asia, and Australia)
South America (Brazil, Argentina, Colombia, and Rest of South America)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa, and Rest of Middle East & Africa)
The content of the study subjects, includes a total of 15 chapters:
Chapter 1, to describe Cored Wire product scope, market overview, market estimation caveats and base year.
Chapter 2, to profile the top manufacturers of Cored Wire, with price, sales quantity, revenue, and global market share of Cored Wire from 2020 to 2025.
Chapter 3, the Cored Wire competitive situation, sales quantity, revenue, and global market share of top manufacturers are analyzed emphatically by landscape contrast.
Chapter 4, the Cored Wire breakdown data are shown at the regional level, to show the sales quantity, consumption value, and growth by regions, from 2020 to 2031.
Chapter 5 and 6, to segment the sales by Type and by Application, with sales market share and growth rate by Type, by Application, from 2020 to 2031.
Chapter 7, 8, 9, 10 and 11, to break the sales data at the country level, with sales quantity, consumption value, and market share for key countries in the world, from 2020 to 2025.and Cored Wire market forecast, by regions, by Type, and by Application, with sales and revenue, from 2026 to 2031.
Chapter 12, market dynamics, drivers, restraints, trends, and Porters Five Forces analysis.
Chapter 13, the key raw materials and key suppliers, and industry chain of Cored Wire.
Chapter 14 and 15, to describe Cored Wire sales channel, distributors, customers, research findings and conclusion.
Cored wire is a type of metal wire product that consists of a core material encased in a sheath. This design allows for the delivery of various substances, such as alloys, fluxes, or other materials, directly to the molten metal during processes like welding and metallurgy. The core can be made from different materials depending on the downstream uses, the outer sheath is typically made of steel or other metals. Cored wire is widely used in industries such as steelmaking, foundry operations, and welding, providing significant advantages in terms of efficiency and performance.
Main market development drivers of the cored wire Product include the increasing demand for high-quality steel and alloys in various industries, such as construction, automotive, and manufacturing. Technological advancements in welding processes and materials have also contributed to the market's growth, as cored wires enhance efficiency and performance. Additionally, the emphasis on sustainable practices is driving manufacturers to develop eco-friendly cored wire options. The growing trend of automation in industrial processes further boosts demand, as cored wires are compatible with modern welding machines and technologies, leading to increased productivity and cost-effectiveness.
The global cored wire market is experiencing substantial growth, driven by the increasing demand for efficient and high-quality metallurgical processes across various industries. The steelmaking sector is one of the largest consumers of cored wire, where it is used to introduce alloying elements and improve the properties of steel. With the rise of advanced manufacturing techniques and the need for higher quality materials, cored wire has become essential in ensuring uniformity and consistency in the final product.
In welding industry, cored wire offers benefits such as reduced spatter, improved arc stability, and enhanced deposition rates. These features are particularly valuable in applications requiring precision and strength. Furthermore, the shift towards automated welding processes has also bolstered the demand for cored wires, as they are compatible with various welding machines and technologies.
Asia-Pacific holds a significant share of the cored wire market, primarily due to the presence of major steel producers and a rapidly growing construction sector. Countries like China and India are investing heavily in infrastructure development, which further fuels the demand for steel and related products. Additionally, North America and Europe are witnessing steady growth, driven by technological advancements and the need for high-performance materials in welding and manufacturing processes.
Global sustainability trend is also influencing the cored wire market, with an increasing number of manufacturers looking to produce eco-friendly options. Innovations in cored wire formulations, such as the use of recycled materials and low-emission production techniques, are gaining traction. This aligns with global efforts to reduce carbon footprints and promote environmentally friendly practices in industrial processes.
This report is a detailed and comprehensive analysis for global Cored Wire market. Both quantitative and qualitative analyses are presented by manufacturers, by region & country, by Type and by Application. As the market is constantly changing, this report explores the competition, supply and demand trends, as well as key factors that contribute to its changing demands across many markets. Company profiles and product examples of selected competitors, along with market share estimates of some of the selected leaders for the year 2025, are provided.
Key Features:
Global Cored Wire market size and forecasts, in consumption value ($ Million), sales quantity (K MT), and average selling prices (USD/MT), 2020-2031
Global Cored Wire market size and forecasts by region and country, in consumption value ($ Million), sales quantity (K MT), and average selling prices (USD/MT), 2020-2031
Global Cored Wire market size and forecasts, by Type and by Application, in consumption value ($ Million), sales quantity (K MT), and average selling prices (USD/MT), 2020-2031
Global Cored Wire market shares of main players, shipments in revenue ($ Million), sales quantity (K MT), and ASP (USD/MT), 2020-2025
The Primary Objectives in This Report Are:
To determine the size of the total market opportunity of global and key countries
To assess the growth potential for Cored Wire
To forecast future growth in each product and end-use market
To assess competitive factors affecting the marketplace
This report profiles key players in the global Cored Wire market based on the following parameters - company overview, sales quantity, revenue, price, gross margin, product portfolio, geographical presence, and key developments. Key companies covered as a part of this study include Sarthak Metals, Anyang Chunyang, Anyang Tiefa, Anyang Wanhua Metal, Xibao Group, Harbin KeDeWei, Anyang Changxin Special Alloy, Wuxi Novel Special Metal, TUF Group, Sanxiang Advanced Materials, etc.
This report also provides key insights about market drivers, restraints, opportunities, new product launches or approvals.
Market Segmentation
Cored Wire market is split by Type and by Application. For the period 2020-2031, the growth among segments provides accurate calculations and forecasts for consumption value by Type, and by Application in terms of volume and value. This analysis can help you expand your business by targeting qualified niche markets.
Market segment by Type
Calcium Silicide Cored Wire (CaSi)
Calcium Solid Cored Wire (Ca)
Pure Carbon Cored Wire (C)
Ferro Calcium Cored Wire (CaFe)
Others
Market segment by Application
Steelmaking
Iron Casting
Others
Major players covered
Sarthak Metals
Anyang Chunyang
Anyang Tiefa
Anyang Wanhua Metal
Xibao Group
Harbin KeDeWei
Anyang Changxin Special Alloy
Wuxi Novel Special Metal
TUF Group
Sanxiang Advanced Materials
OFZ, a. s.
McKeown
Lincoln Electric
Sandvik Materials
Bohler Welding
Kobe Steel
Esab
Miller Electric
Market segment by region, regional analysis covers
North America (United States, Canada, and Mexico)
Europe (Germany, France, United Kingdom, Russia, Italy, and Rest of Europe)
Asia-Pacific (China, Japan, Korea, India, Southeast Asia, and Australia)
South America (Brazil, Argentina, Colombia, and Rest of South America)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa, and Rest of Middle East & Africa)
The content of the study subjects, includes a total of 15 chapters:
Chapter 1, to describe Cored Wire product scope, market overview, market estimation caveats and base year.
Chapter 2, to profile the top manufacturers of Cored Wire, with price, sales quantity, revenue, and global market share of Cored Wire from 2020 to 2025.
Chapter 3, the Cored Wire competitive situation, sales quantity, revenue, and global market share of top manufacturers are analyzed emphatically by landscape contrast.
Chapter 4, the Cored Wire breakdown data are shown at the regional level, to show the sales quantity, consumption value, and growth by regions, from 2020 to 2031.
Chapter 5 and 6, to segment the sales by Type and by Application, with sales market share and growth rate by Type, by Application, from 2020 to 2031.
Chapter 7, 8, 9, 10 and 11, to break the sales data at the country level, with sales quantity, consumption value, and market share for key countries in the world, from 2020 to 2025.and Cored Wire market forecast, by regions, by Type, and by Application, with sales and revenue, from 2026 to 2031.
Chapter 12, market dynamics, drivers, restraints, trends, and Porters Five Forces analysis.
Chapter 13, the key raw materials and key suppliers, and industry chain of Cored Wire.
Chapter 14 and 15, to describe Cored Wire sales channel, distributors, customers, research findings and conclusion.
Table of Contents
135 Pages
- 1 Market Overview
- 2 Manufacturers Profiles
- 3 Competitive Environment: Cored Wire by Manufacturer
- 4 Consumption Analysis by Region
- 5 Market Segment by Type
- 6 Market Segment by Application
- 7 North America
- 8 Europe
- 9 Asia-Pacific
- 10 South America
- 11 Middle East & Africa
- 12 Market Dynamics
- 13 Raw Material and Industry Chain
- 14 Shipments by Distribution Channel
- 15 Research Findings and Conclusion
- 16 Appendix
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