Due to the rising demand for lightweight automobiles, the market for flux-cored welding wire for exhaust pipes is expanding. The development of lower-weight automobiles is a result of the requirement for increased fuel efficiency and reduced emissions. In the automotive sector, the usage of flux-cored welding wire aids in lightening the overall weight of the vehicle, enhancing fuel economy and lowering emissions. The government limits on pollutants and fuel economy are also anticipated to boost market expansion.
Due to its numerous advantages over other welding wires, the flux-cored welding wire is required for the exhaust pipe market. The flux-cored welding wire is simple to use, has a nice weld bead look, and has a low spatter rate. It can also be used in all positions and delivers increased productivity. Additionally, compared to solid wire, flux-cored welding wire is more forgiving and can be used in soiled or rusted environments.
A specific kind of welding wire used in automotive applications is flux-cored welding wire for exhaust pipes. This kind of welding wire has a metal core covered with flux, which helps shield the weld from oxidation and other sorts of pollution. The main advantages of employing flux-cored welding wire for exhaust pipes are that it can produce a stronger weld, is more corrosion-resistant, and can be used with a variety of different metals. This kind of welding wire can also be utilised in confined locations and is less likely to produce debris.
Flux-cored welding wire for exhaust pipes is anticipated to expand at a compound annual growth rate (CAGR) of 5.4% from 2021 to 2031 and reach USD 2.02 billion by that year.
Flux-cored welding wire for exhaust pipes is becoming more widely used in the automotive sector, which can be linked to the market's expansion and the rising need for lighter automobiles.
Lack of experienced labour and hefty initial investment are two problems facing the flux-cored welding wire market for exhaust pipes. Given that welding is a difficult procedure that calls for qualified and experienced employees, the lack of skilled labour is a problem. The procedure involves expensive equipment and consumables, which adds to the difficulty of the high initial investment. Despite this, the market is anticipated to expand at a solid CAGR over the projected period as a result of the benefits flux-cored welding wire for exhaust pipes offers over other welding techniques.
BOC, The Linde Group, Lincoln Electric Holdings, Inc., Air Liquide S.A., Hobart Brothers Company, Illinois Tool Works Inc., and Voestalpine AG are some of the major industry participants in the flux-cored welding wire for exhaust pipe market. Due to their great brand recognition and extensive product line, these companies have a sizable market share. Furthermore, this research offers a thorough study of these market participants' financials, important goods & services, company plans, and most recent advancements.
The most Prominent Type is Metal Inert Gas (MIG)
The market is bifurcated into metal inert gas (MIG), metal active gas (MAG), and other types according to their types. Owing to its advantages, including better deposition rates, cheaper costs, and the capacity to weld a variety of materials, MIG is predicted to grow at the greatest CAGR among these throughout the forecast period. Another factor influencing the expansion of this market is the fact that MIG welding is simpler to learn and can be done by unskilled workers.
The Passenger Cars to Emerge as the Most Lucrative Application Segment
Passenger automobiles, commercial vehicles, and other uses make up the market's divisions. The prediction period predicts that the passenger automobiles application category will be the greatest of them. The high proportion of this market can be linked to the rise in the need for lightweight vehicles, the expansion of the use of flux-cored welding wire for exhaust pipes in the automotive industry, and the benefits these materials have over other types of weld metal.
The Asia Pacific (APAC) region to render Adequate Financing Avenues
Due to the increasing demand from developing nations like China and India, the market in the Asia Pacific is anticipated to grow at the highest CAGR during the forecast period. The demand for flux-cored welding wire for exhaust pipes is anticipated to increase in these nations due to the expanding automobile sector. Moreover, it is anticipated that the region's abundance of manufacturers will support the market's expansion.
COVID-19 Impact and Market Status
The market for flux-cored welding wire for exhaust pipes has been significantly influenced by the COVID-19 pandemic, which has also had an impact on the automotive industry. Global car manufacturing has decreased as a result of the pandemic outbreak since companies have been forced to close to stop the virus' spread. As a result, there is less demand for various automotive parts and components, including flux-cored welding wire for exhaust pipes. Nonetheless, it is anticipated that in the upcoming years, demand for flux-cored welding wire for exhaust pipes would rise as shutdown limitations are gradually relaxed and manufacturing facilities are restarted.
Recent Developments in the Flux Cored Welding Wire for Exhaust Pipe Market
• The new Fabshield 21B flux-cored welding wire was introduced by Hobart Brothers Company, LLC in August 2021. The product is made to be used in all-position gas metal arc welding (GMAW) of light-gauge ferritic steel, making it the perfect option for exhaust systems and other automotive applications that demand welds with a high rate of production and little preheating.
• The new UTP 667 HT flux cored wire for the manufacture of austenitic stainless steel exhaust systems was introduced by Voestalpine Böhler Welding in September 2021. With an excellent weld bead appearance and minimal spatter, the wire can be used in automatic and semiautomatic welding processes.
• Kobelco Welding introduced a new flux-cored welding wire for exhaust pipes in October 2021 that can offer more productivity and cheaper expenses. As per the manufacturer, compared to other comparable products on the market, this product can increase deposition rates by up to 30%. By doing this, the business will be able to outperform its competitors.
Flux Cored Welding Wire For Exhaust Pipe Market Scope
|Forecast Unit||Value (USD)|
|Revenue forecast in 2031||USD 2.02 billion|
|Growth Rate||CAGR of 4.9% during 2021-2031|
|Segment Covered||Type, Application, Regions|
|Regions Covered||North America, Europe, Asia Pacific, South America, Middle East and Africa|
|Key Players Profiled||BOC, The Linde Group, Lincoln Electric Holdings, Inc., Air Liquide S.A., Hobart Brothers Company, Illinois Tool Works Inc., and Voestalpine AG|
Key Segment of Global Flux Cored Welding Wire for Exhaust Pipe Market
By Type Overview 2021-2031, (USD Billion)
• Metal Inert Gas (MIG)
• Metal Active Gas (MAG)
By Application Overview 2021-2031, (USD Billion)
• Passenger Car
• Commercial Vehicle
By Region Overview 2021-2031, (USD Billion)
• Rest of Asia Pacific
• Rest of North America
• Rest of Europe
Middle East and Africa