2026 Global: Arc Welding Electrodes Market -Competitive Review (2032) report
Description
The 2026 Global: Arc Welding Electrodes Market -Competitive Review (2031) report features the global market size and projected growth/decline data for the period 2021 through 2032. The report primarily provides an examination of the business strategies for the ten largest global companies in the market and how their strategies differ.
Perry/Hope Partners' reports provide the most accurate industry forecasts based on our proprietary economic models. Our forecasts project the product market size nationally and by regions for 2021 to 2032 using regression analysis in our modeling. and Perry/Hope is the only market research publisher that utilizes both longitudinal (historical) and vertical (from market section to market division to market class) analysis, since we study every manufactured product in the countries we analyze. The report also provides written analysis on the market definition, market segments, and SWOT analysis (market strengths, weaknesses, opportunities, and threats).
The market study aims at estimating the market size and the growth potential of this market. Topics analyzed within the report include a detailed breakdown of the global markets for arc welding electrodes market by geography and historical trend. The scope of the report extends to sizing of the arc welding electrodes market market and global market trends with market data for 2024 as the base year, 2025 and 2026 as the estimate years with projection of CAGR from 2027 to 2032.
The report also features a list of the top ten largest global players in the market. A review of each company includes 1) an estimate of the market share, 2) a listing of the products and/or services in the market, and 3) the features of these products and/or services in the market. The report has a chapter on Comparative Business Strategies for the largest four players. An example of the Comparative Business Strategies analysis would be -- How does Netflix's business strategy to expand its market share in the global online streaming compare to Amazon Prime's business strategy through its video products and services?
The ten market players in this report and a brief synopsis of their participation in the market are:
The Arc Welding Electrodes Market features dominant players like Lincoln Electric Holdings, Inc., ESAB Corporation, and voestalpine Böhler Welding, which collectively control significant global revenue through innovative consumables and automation integration. Lincoln Electric, founded in 1895 and based in Cleveland, Ohio, leads with a broad portfolio of electrodes, flux-cored wires, and cutting-edge solutions like UltraCore® FCAW-G, reporting USD 4.0 billion in 2024 sales despite European challenges; it expanded Buy America-compliant products for infrastructure projects. ESAB Corporation, a fabrication technology powerhouse, offers electrodes, cored wires, and fluxes for industries from construction to renewable energy, bolstered by 2024 acquisitions like Victor Technologies for USD 947.3 million and EWM GmbH for enhanced heavy industrial capabilities. voestalpine Böhler Welding excels in low-hydrogen coatings for offshore and automotive uses, leveraging proprietary materials amid EU emission regulations. Illinois Tool Works (ITW) Welding, via brands like Miller Electric and Hobart, generates ~USD 1.8 billion annually in welding segments, focusing on high-reliability electrodes for manufacturing and aviation with innovations like ClearLight technology.
Rounding out the top tier, Kobe Steel, Ltd. (Kobelco) drives Asian market share with high-speed flux-cored wires tailored for automotive alliances, emphasizing price-performance in shipbuilding and heavy chemicals. Air Liquide Welding (Oerlikon) provides specialized electrodes and fluxes under Colfax, strengthening positions in gas control and cutting via strategic expansions. Tianjin Golden Bridge Welding Materials Group emerges as a Chinese leader in cost-effective, high-volume electrodes for construction and export, capitalizing on favorable currency trends. Gedik Welding and Chosun Welding Co. Ltd. export consumables globally, with Gedik serving over 100 nations from Turkey since 1963 and Chosun focusing on Korean precision for autos and ships. Fronius International GmbH differentiates with digitalized electrodes integrated into CMT technology and WeldCube software, holding 3-4% market share through software-ERP compatibility for SMEs.
These ten companies navigate a market projected to grow from USD 5.62-5.93 billion in 2025 at 5.67% CAGR, driven by infrastructure, automation, and low-emission demands. North America benefits from Lincoln and ITW's Midwest expansions for Buy America projects, while Europe prioritizes ESAB and voestalpine's REACH-compliant low-manganese coatings. Asian firms like Kobe and Tianjin counter with volume, but quality certifications from bodies like the Canadian Welding Bureau gatekeep premium segments. Recent moves, including ESAB's September 2025 EWM acquisition for USD 318 million, underscore consolidation for traceability and megaproject tenders. Overall, leadership hinges on R&D in flux innovations, digital tracking, and regional adaptations amid laser-welding competition.
Perry/Hope Partners' reports provide the most accurate industry forecasts based on our proprietary economic models. Our forecasts project the product market size nationally and by regions for 2021 to 2032 using regression analysis in our modeling. and Perry/Hope is the only market research publisher that utilizes both longitudinal (historical) and vertical (from market section to market division to market class) analysis, since we study every manufactured product in the countries we analyze. The report also provides written analysis on the market definition, market segments, and SWOT analysis (market strengths, weaknesses, opportunities, and threats).
The market study aims at estimating the market size and the growth potential of this market. Topics analyzed within the report include a detailed breakdown of the global markets for arc welding electrodes market by geography and historical trend. The scope of the report extends to sizing of the arc welding electrodes market market and global market trends with market data for 2024 as the base year, 2025 and 2026 as the estimate years with projection of CAGR from 2027 to 2032.
The report also features a list of the top ten largest global players in the market. A review of each company includes 1) an estimate of the market share, 2) a listing of the products and/or services in the market, and 3) the features of these products and/or services in the market. The report has a chapter on Comparative Business Strategies for the largest four players. An example of the Comparative Business Strategies analysis would be -- How does Netflix's business strategy to expand its market share in the global online streaming compare to Amazon Prime's business strategy through its video products and services?
The ten market players in this report and a brief synopsis of their participation in the market are:
The Arc Welding Electrodes Market features dominant players like Lincoln Electric Holdings, Inc., ESAB Corporation, and voestalpine Böhler Welding, which collectively control significant global revenue through innovative consumables and automation integration. Lincoln Electric, founded in 1895 and based in Cleveland, Ohio, leads with a broad portfolio of electrodes, flux-cored wires, and cutting-edge solutions like UltraCore® FCAW-G, reporting USD 4.0 billion in 2024 sales despite European challenges; it expanded Buy America-compliant products for infrastructure projects. ESAB Corporation, a fabrication technology powerhouse, offers electrodes, cored wires, and fluxes for industries from construction to renewable energy, bolstered by 2024 acquisitions like Victor Technologies for USD 947.3 million and EWM GmbH for enhanced heavy industrial capabilities. voestalpine Böhler Welding excels in low-hydrogen coatings for offshore and automotive uses, leveraging proprietary materials amid EU emission regulations. Illinois Tool Works (ITW) Welding, via brands like Miller Electric and Hobart, generates ~USD 1.8 billion annually in welding segments, focusing on high-reliability electrodes for manufacturing and aviation with innovations like ClearLight technology.
Rounding out the top tier, Kobe Steel, Ltd. (Kobelco) drives Asian market share with high-speed flux-cored wires tailored for automotive alliances, emphasizing price-performance in shipbuilding and heavy chemicals. Air Liquide Welding (Oerlikon) provides specialized electrodes and fluxes under Colfax, strengthening positions in gas control and cutting via strategic expansions. Tianjin Golden Bridge Welding Materials Group emerges as a Chinese leader in cost-effective, high-volume electrodes for construction and export, capitalizing on favorable currency trends. Gedik Welding and Chosun Welding Co. Ltd. export consumables globally, with Gedik serving over 100 nations from Turkey since 1963 and Chosun focusing on Korean precision for autos and ships. Fronius International GmbH differentiates with digitalized electrodes integrated into CMT technology and WeldCube software, holding 3-4% market share through software-ERP compatibility for SMEs.
These ten companies navigate a market projected to grow from USD 5.62-5.93 billion in 2025 at 5.67% CAGR, driven by infrastructure, automation, and low-emission demands. North America benefits from Lincoln and ITW's Midwest expansions for Buy America projects, while Europe prioritizes ESAB and voestalpine's REACH-compliant low-manganese coatings. Asian firms like Kobe and Tianjin counter with volume, but quality certifications from bodies like the Canadian Welding Bureau gatekeep premium segments. Recent moves, including ESAB's September 2025 EWM acquisition for USD 318 million, underscore consolidation for traceability and megaproject tenders. Overall, leadership hinges on R&D in flux innovations, digital tracking, and regional adaptations amid laser-welding competition.
Table of Contents
32 Pages
- 1.0 Scope of Report and Methodology
- 2.0 Market SWOT Analysis and Players
- 2.1 Market Definition
- 2.2 Market Segments
- 2.3 Market Strengths
- 2.4 Market Weaknesses
- 2.5 Market Threats
- 2.6 Market Opportunities
- 2.7 Major Players
- 3.0 Competitive Analysis
- 3.1 Market Player 1
- 3.2 Market Player 2
- 3.3 Market Player 3
- 3.4 Market Player 4
- 3.5 Market Player 5
- 3.6 Market Player 6
- 3.7 Market Player 7
- 3.8 Market Player 8
- 3.9 Market Player 9
- 3.10 Market Player 10
- 4.0 Comparative Business Strategies
- 4.1 Comparative Business Strategies of Player 1 and 2
- 4.2 Comparative Business Strategies of Player 1 and 3
- 4.3 Comparative Business Strategies of Player 1 and 4
- 4.4 Comparative Business Strategies of Player 2 and 3
- 4.5 Comparative Business Strategies of Player 2 and 4
- 4.6 Comparative Business Strategies of Player 3 and 4
- 5.0 Appendix
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