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Cored Wire-Global Market Insights and Sales Trends 2025
Synopsis
Cored wire electrodes, also simply called cored wire, are small tubes filled with metallic or mineral powders, used for steelmaking and casting applications. They are manufactured as wire with the proper diameters in molding or drawing lines. They have higher deposition efficiency than solid wire, which in turn speeds welding tasks. The core of metal-cored wire contributes almost entirely to the deposited weld metal.
This report is focused on metallurgical cored wire type. According to the different mental types of core layers, cored wire can be divided into pure calcium, silicon-calcium, pure aluminum, tombarthite and many other kinds. Each kind of alloy cored wire can be divided into different products as well, such as Ca28Si55 and Ca31Si65 and so on.
The global Cored Wire market size is expected to reach US$ 371.2 million by 2029, growing at a CAGR of 1.5% from 2023 to 2029. The market is mainly driven by the significant applications of Cored Wire in various end use industries. The expanding demands from the Steelmaking, Iron Casting and Others,, are propelling Cored Wire market. Calcium Silicide Cored Wire (CaSi), one of the segments analysed in this report, is projected to record % CAGR and reach US$ million by the end of the analysis period. Growth in the Calcium Solid Cored Wire (Ca) segment is estimated at % CAGR for the next seven-year period.
Global Cored Wire key players include Anyang Tiefa, Henan Xibao, Harbin, KeDeWei, Sarthak Metals, etc. Global top five manufacturers hold a share about 15%.
China is the largest market, with a share about 50%, followed by Europe and North America, both have a share over 30 percent.
In terms of product, CaSi is the largest segment, with a share about 45%. And in terms of application, the largest application is Steel-making, followed by Casting, etc.
Report Objectives
This report provides market insight on the different segments, by manufacturers, by Type, by Application. Market size and forecast (2018-2029) has been provided in the report. The primary objectives of this report are to provide 1) global market size and forecasts, growth rates, market dynamics, industry structure and developments, market situation, trends; 2) global market share and ranking by company; 3) comprehensive presentation of the global market for Cored Wire, with both quantitative and qualitative analysis through detailed segmentation; 4) detailed value chain analysis and review of growth factors essential for the existing market players and new entrants; 5) emerging opportunities in the market and the future impact of major drivers and restraints of the market.
Key Features of The Study:
This report provides in-depth analysis of the global Cored Wire market, and provides market size (US$ million) and CAGR for the forecast period (2023-2029), considering 2022 as the base year.
This report profiles key players in the global Cored Wire market based on the following parameters - company details (found date, headquarters, manufacturing bases), products portfolio, Cored Wire sales data, market share and ranking.
This report elucidates potential market opportunities across different segments and explains attractive investment proposition matrices for this market.
This report illustrates key insights about market drivers, restraints, opportunities, market trends, regional outlook.
Key companies of Cored Wire covered in this report include Sarthak Metals, Anyang Chunyang, Anyang Tiefa, Anyang Wanhua, Henan Xibao, Harbin KeDeWei, Anyang Changxin Special Alloy, Wuxi Novel Special Metal and TUF Group, etc.
The global Cored Wire market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.
Market Segmentation
Company Profiles:
Sarthak Metals
Anyang Chunyang
Anyang Tiefa
Anyang Wanhua
Henan Xibao
Harbin KeDeWei
Anyang Changxin Special Alloy
Wuxi Novel Special Metal
TUF Group
FSM
OFZ, a. s.
McKeown
Global Cored Wire market, by region:
North America (U.S., Canada, Mexico)
Europe (Germany, France, UK, Italy, etc.)
Asia Pacific (China, Japan, South Korea, Southeast Asia, India, etc.)
South America (Brazil, etc.)
Middle East and Africa (Turkey, GCC Countries, Africa, etc.)
Global Cored Wire 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
Global Cored Wire market, by Application
Steelmaking
Iron Casting
Others
Core Chapters
Chapter One: Introduces the study scope of this report, executive summary of market segments by Type, market size segments for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Two: Detailed analysis of Cored Wire manufacturers competitive landscape, price, sales, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.
Chapter Three: Sales, revenue of Cored Wire in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the future development prospects, and market space in the world.
Chapter Four: Introduces market segments by Application, market size segment for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Five, Six, Seven, Eight and Nine: North America, Europe, Asia Pacific, South America, Middle East & Africa, sales and revenue by country.
Chapter Ten: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter Eleven: Analysis of industrial chain, key raw materials, manufacturing cost, and market dynamics. Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter Twelve: Analysis of sales channel, distributors and customers.
Chapter Thirteen: Research Findings and Conclusion.
Cored wire electrodes, also simply called cored wire, are small tubes filled with metallic or mineral powders, used for steelmaking and casting applications. They are manufactured as wire with the proper diameters in molding or drawing lines. They have higher deposition efficiency than solid wire, which in turn speeds welding tasks. The core of metal-cored wire contributes almost entirely to the deposited weld metal.
This report is focused on metallurgical cored wire type. According to the different mental types of core layers, cored wire can be divided into pure calcium, silicon-calcium, pure aluminum, tombarthite and many other kinds. Each kind of alloy cored wire can be divided into different products as well, such as Ca28Si55 and Ca31Si65 and so on.
The global Cored Wire market size is expected to reach US$ 371.2 million by 2029, growing at a CAGR of 1.5% from 2023 to 2029. The market is mainly driven by the significant applications of Cored Wire in various end use industries. The expanding demands from the Steelmaking, Iron Casting and Others,, are propelling Cored Wire market. Calcium Silicide Cored Wire (CaSi), one of the segments analysed in this report, is projected to record % CAGR and reach US$ million by the end of the analysis period. Growth in the Calcium Solid Cored Wire (Ca) segment is estimated at % CAGR for the next seven-year period.
Global Cored Wire key players include Anyang Tiefa, Henan Xibao, Harbin, KeDeWei, Sarthak Metals, etc. Global top five manufacturers hold a share about 15%.
China is the largest market, with a share about 50%, followed by Europe and North America, both have a share over 30 percent.
In terms of product, CaSi is the largest segment, with a share about 45%. And in terms of application, the largest application is Steel-making, followed by Casting, etc.
Report Objectives
This report provides market insight on the different segments, by manufacturers, by Type, by Application. Market size and forecast (2018-2029) has been provided in the report. The primary objectives of this report are to provide 1) global market size and forecasts, growth rates, market dynamics, industry structure and developments, market situation, trends; 2) global market share and ranking by company; 3) comprehensive presentation of the global market for Cored Wire, with both quantitative and qualitative analysis through detailed segmentation; 4) detailed value chain analysis and review of growth factors essential for the existing market players and new entrants; 5) emerging opportunities in the market and the future impact of major drivers and restraints of the market.
Key Features of The Study:
This report provides in-depth analysis of the global Cored Wire market, and provides market size (US$ million) and CAGR for the forecast period (2023-2029), considering 2022 as the base year.
This report profiles key players in the global Cored Wire market based on the following parameters - company details (found date, headquarters, manufacturing bases), products portfolio, Cored Wire sales data, market share and ranking.
This report elucidates potential market opportunities across different segments and explains attractive investment proposition matrices for this market.
This report illustrates key insights about market drivers, restraints, opportunities, market trends, regional outlook.
Key companies of Cored Wire covered in this report include Sarthak Metals, Anyang Chunyang, Anyang Tiefa, Anyang Wanhua, Henan Xibao, Harbin KeDeWei, Anyang Changxin Special Alloy, Wuxi Novel Special Metal and TUF Group, etc.
The global Cored Wire market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.
Market Segmentation
Company Profiles:
Sarthak Metals
Anyang Chunyang
Anyang Tiefa
Anyang Wanhua
Henan Xibao
Harbin KeDeWei
Anyang Changxin Special Alloy
Wuxi Novel Special Metal
TUF Group
FSM
OFZ, a. s.
McKeown
Global Cored Wire market, by region:
North America (U.S., Canada, Mexico)
Europe (Germany, France, UK, Italy, etc.)
Asia Pacific (China, Japan, South Korea, Southeast Asia, India, etc.)
South America (Brazil, etc.)
Middle East and Africa (Turkey, GCC Countries, Africa, etc.)
Global Cored Wire 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
Global Cored Wire market, by Application
Steelmaking
Iron Casting
Others
Core Chapters
Chapter One: Introduces the study scope of this report, executive summary of market segments by Type, market size segments for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Two: Detailed analysis of Cored Wire manufacturers competitive landscape, price, sales, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.
Chapter Three: Sales, revenue of Cored Wire in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the future development prospects, and market space in the world.
Chapter Four: Introduces market segments by Application, market size segment for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Five, Six, Seven, Eight and Nine: North America, Europe, Asia Pacific, South America, Middle East & Africa, sales and revenue by country.
Chapter Ten: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter Eleven: Analysis of industrial chain, key raw materials, manufacturing cost, and market dynamics. Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter Twelve: Analysis of sales channel, distributors and customers.
Chapter Thirteen: Research Findings and Conclusion.
Index1 Cored Wire Market Overview
1.1 Cored Wire Product Overview
1.2 Cored Wire Market Segment by Type
1.2.1 Calcium Silicide Cored Wire (CaSi)
1.2.2 Calcium Solid Cored Wire (Ca)
1.2.3 Pure Carbon Cored Wire (C)
1.2.4 Ferro Calcium Cored Wire (CaFe)
1.2.5 Others
1.3 Global Cored Wire Market Size by Type
1.3.1 Global Cored Wire Market Size Overview by Type (2018-2029)
1.3.2 Global Cored Wire Historic Market Size Review by Type (2018-2023)
1.3.3 Global Cored Wire Forecasted Market Size by Type (2024-2029)
1.4 Key Regions Market Size Segment by Type
1.4.1 North America Cored Wire Sales Breakdown by Type (2018-2023)
1.4.2 Europe Cored Wire Sales Breakdown by Type (2018-2023)
1.4.3 Asia-Pacific Cored Wire Sales Breakdown by Type (2018-2023)
1.4.4 Latin America Cored Wire Sales Breakdown by Type (2018-2023)
1.4.5 Middle East and Africa Cored Wire Sales Breakdown by Type (2018-2023)
2 Global Cored Wire Market Competition by Company
2.1 Global Top Players by Cored Wire Sales (2018-2023)
2.2 Global Top Players by Cored Wire Revenue (2018-2023)
2.3 Global Top Players by Cored Wire Price (2018-2023)
2.4 Global Top Manufacturers Cored Wire Manufacturing Base Distribution, Sales Area, Product Type
2.5 Cored Wire Market Competitive Situation and Trends
2.5.1 Cored Wire Market Concentration Rate (2018-2023)
2.5.2 Global 5 and 10 Largest Manufacturers by Cored Wire Sales and Revenue in 2022
2.6 Global Top Manufacturers by Company Type (Tier 1, Tier 2 and Tier 3) & (based on the Revenue in Cored Wire as of 2022)
2.7 Date of Key Manufacturers Enter into Cored Wire Market
2.8 Key Manufacturers Cored Wire Product Offered
2.9 Mergers & Acquisitions, Expansion
3 Cored Wire Status and Outlook by Region
3.1 Global Cored Wire Market Size and CAGR by Region: 2018 VS 2022 VS 2029
3.2 Global Cored Wire Historic Market Size by Region
3.2.1 Global Cored Wire Sales in Volume by Region (2018-2023)
3.2.2 Global Cored Wire Sales in Value by Region (2018-2023)
3.2.3 Global Cored Wire Sales (Volume & Value) Price and Gross Margin (2018-2023)
3.3 Global Cored Wire Forecasted Market Size by Region
3.3.1 Global Cored Wire Sales in Volume by Region (2024-2029)
3.3.2 Global Cored Wire Sales in Value by Region (2024-2029)
3.3.3 Global Cored Wire Sales (Volume & Value), Price and Gross Margin (2024-2029)
4 Global Cored Wire by Application
4.1 Cored Wire Market Segment by Application
4.1.1 Steelmaking
4.1.2 Iron Casting
4.1.3 Others
4.2 Global Cored Wire Market Size by Application
4.2.1 Global Cored Wire Market Size Overview by Application (2018-2029)
4.2.2 Global Cored Wire Historic Market Size Review by Application (2018-2023)
4.2.3 Global Cored Wire Forecasted Market Size by Application (2024-2029)
4.3 Key Regions Market Size Segment by Application
4.3.1 North America Cored Wire Sales Breakdown by Application (2018-2023)
4.3.2 Europe Cored Wire Sales Breakdown by Application (2018-2023)
4.3.3 Asia-Pacific Cored Wire Sales Breakdown by Application (2018-2023)
4.3.4 Latin America Cored Wire Sales Breakdown by Application (2018-2023)
4.3.5 Middle East and Africa Cored Wire Sales Breakdown by Application (2018-2023)
5 North America Cored Wire by Country
5.1 North America Cored Wire Historic Market Size by Country
5.1.1 North America Cored Wire Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
5.1.2 North America Cored Wire Sales in Volume by Country (2018-2023)
5.1.3 North America Cored Wire Sales in Value by Country (2018-2023)
5.2 North America Cored Wire Forecasted Market Size by Country
5.2.1 North America Cored Wire Sales in Volume by Country (2024-2029)
5.2.2 North America Cored Wire Sales in Value by Country (2024-2029)
6 Europe Cored Wire by Country
6.1 Europe Cored Wire Historic Market Size by Country
6.1.1 Europe Cored Wire Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
6.1.2 Europe Cored Wire Sales in Volume by Country (2018-2023)
6.1.3 Europe Cored Wire Sales in Value by Country (2018-2023)
6.2 Europe Cored Wire Forecasted Market Size by Country
6.2.1 Europe Cored Wire Sales in Volume by Country (2024-2029)
6.2.2 Europe Cored Wire Sales in Value by Country (2024-2029)
7 Asia-Pacific Cored Wire by Region
7.1 Asia-Pacific Cored Wire Historic Market Size by Region
7.1.1 Asia-Pacific Cored Wire Market Size Growth Rate (CAGR) by Region: 2018 VS 2022 VS 2029
7.1.2 Asia-Pacific Cored Wire Sales in Volume by Region (2018-2023)
7.1.3 Asia-Pacific Cored Wire Sales in Value by Region (2018-2023)
7.2 Asia-Pacific Cored Wire Forecasted Market Size by Region
7.2.1 Asia-Pacific Cored Wire Sales in Volume by Region (2024-2029)
7.2.2 Asia-Pacific Cored Wire Sales in Value by Region (2024-2029)
8 Latin America Cored Wire by Country
8.1 Latin America Cored Wire Historic Market Size by Country
8.1.1 Latin America Cored Wire Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
8.1.2 Latin America Cored Wire Sales in Volume by Country (2018-2023)
8.1.3 Latin America Cored Wire Sales in Value by Country (2018-2023)
8.2 Latin America Cored Wire Forecasted Market Size by Country
8.2.1 Latin America Cored Wire Sales in Volume by Country (2024-2029)
8.2.2 Latin America Cored Wire Sales in Value by Country (2024-2029)
9 Middle East and Africa Cored Wire by Country
9.1 Middle East and Africa Cored Wire Historic Market Size by Country
9.1.1 Middle East and Africa Cored Wire Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
9.1.2 Middle East and Africa Cored Wire Sales in Volume by Country (2018-2023)
9.1.3 Middle East and Africa Cored Wire Sales in Value by Country (2018-2023)
9.2 Middle East and Africa Cored Wire Forecasted Market Size by Country
9.2.1 Middle East and Africa Cored Wire Sales in Volume by Country (2024-2029)
9.2.2 Middle East and Africa Cored Wire Sales in Value by Country (2024-2029)
10 Company Profiles
10.1 Sarthak Metals
10.1.1 Sarthak Metals Company Information
10.1.2 Sarthak Metals Introduction and Business Overview
10.1.3 Sarthak Metals Cored Wire Sales, Revenue and Gross Margin (2018-2023)
10.1.4 Sarthak Metals Cored Wire Products Offered
10.1.5 Sarthak Metals Recent Development
10.2 Anyang Chunyang
10.2.1 Anyang Chunyang Company Information
10.2.2 Anyang Chunyang Introduction and Business Overview
10.2.3 Anyang Chunyang Cored Wire Sales, Revenue and Gross Margin (2018-2023)
10.2.4 Anyang Chunyang Cored Wire Products Offered
10.2.5 Anyang Chunyang Recent Development
10.3 Anyang Tiefa
10.3.1 Anyang Tiefa Company Information
10.3.2 Anyang Tiefa Introduction and Business Overview
10.3.3 Anyang Tiefa Cored Wire Sales, Revenue and Gross Margin (2018-2023)
10.3.4 Anyang Tiefa Cored Wire Products Offered
10.3.5 Anyang Tiefa Recent Development
10.4 Anyang Wanhua
10.4.1 Anyang Wanhua Company Information
10.4.2 Anyang Wanhua Introduction and Business Overview
10.4.3 Anyang Wanhua Cored Wire Sales, Revenue and Gross Margin (2018-2023)
10.4.4 Anyang Wanhua Cored Wire Products Offered
10.4.5 Anyang Wanhua Recent Development
10.5 Henan Xibao
10.5.1 Henan Xibao Company Information
10.5.2 Henan Xibao Introduction and Business Overview
10.5.3 Henan Xibao Cored Wire Sales, Revenue and Gross Margin (2018-2023)
10.5.4 Henan Xibao Cored Wire Products Offered
10.5.5 Henan Xibao Recent Development
10.6 Harbin KeDeWei
10.6.1 Harbin KeDeWei Company Information
10.6.2 Harbin KeDeWei Introduction and Business Overview
10.6.3 Harbin KeDeWei Cored Wire Sales, Revenue and Gross Margin (2018-2023)
10.6.4 Harbin KeDeWei Cored Wire Products Offered
10.6.5 Harbin KeDeWei Recent Development
10.7 Anyang Changxin Special Alloy
10.7.1 Anyang Changxin Special Alloy Company Information
10.7.2 Anyang Changxin Special Alloy Introduction and Business Overview
10.7.3 Anyang Changxin Special Alloy Cored Wire Sales, Revenue and Gross Margin (2018-2023)
10.7.4 Anyang Changxin Special Alloy Cored Wire Products Offered
10.7.5 Anyang Changxin Special Alloy Recent Development
10.8 Wuxi Novel Special Metal
10.8.1 Wuxi Novel Special Metal Company Information
10.8.2 Wuxi Novel Special Metal Introduction and Business Overview
10.8.3 Wuxi Novel Special Metal Cored Wire Sales, Revenue and Gross Margin (2018-2023)
10.8.4 Wuxi Novel Special Metal Cored Wire Products Offered
10.8.5 Wuxi Novel Special Metal Recent Development
10.9 TUF Group
10.9.1 TUF Group Company Information
10.9.2 TUF Group Introduction and Business Overview
10.9.3 TUF Group Cored Wire Sales, Revenue and Gross Margin (2018-2023)
10.9.4 TUF Group Cored Wire Products Offered
10.9.5 TUF Group Recent Development
10.10 FSM
10.10.1 FSM Company Information
10.10.2 FSM Introduction and Business Overview
10.10.3 FSM Cored Wire Sales, Revenue and Gross Margin (2018-2023)
10.10.4 FSM Cored Wire Products Offered
10.10.5 FSM Recent Development
10.11 OFZ, a. s.
10.11.1 OFZ, a. s. Company Information
10.11.2 OFZ, a. s. Introduction and Business Overview
10.11.3 OFZ, a. s. Cored Wire Sales, Revenue and Gross Margin (2018-2023)
10.11.4 OFZ, a. s. Cored Wire Products Offered
10.11.5 OFZ, a. s. Recent Development
10.12 McKeown
10.12.1 McKeown Company Information
10.12.2 McKeown Introduction and Business Overview
10.12.3 McKeown Cored Wire Sales, Revenue and Gross Margin (2018-2023)
10.12.4 McKeown Cored Wire Products Offered
10.12.5 McKeown Recent Development
11 Upstream, Opportunities, Challenges, Risks and Influences Factors Analysis
11.1 Cored Wire Key Raw Materials
11.1.1 Key Raw Materials
11.1.2 Key Raw Materials Price
11.1.3 Raw Materials Key Suppliers
11.2 Manufacturing Cost Structure
11.2.1 Raw Materials
11.2.2 Labor Cost
11.2.3 Manufacturing Expenses
11.3 Cored Wire Industrial Chain Analysis
11.4 Cored Wire Market Dynamics
11.4.1 Cored Wire Industry Trends
11.4.2 Cored Wire Market Drivers
11.4.3 Cored Wire Market Challenges
11.4.4 Cored Wire Market Restraints
12 Market Strategy Analysis, Distributors
12.1 Sales Channel
12.2 Cored Wire Distributors
12.3 Cored Wire Downstream Customers
13 Research Findings and Conclusion
14 Appendix
14.1 Research Methodology
14.1.1 Methodology/Research Approach
14.1.2 Data Source
14.2 Author Details
14.3 Disclaimer
Published By : QY Research
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