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Chemical & Material Global Cored Wire Market 2025 by Manufacturers, Regions, Type and Application, Forecast to 2031

  • RnM4654393
    • |
  • 05 December, 2025
    • |
  • Global
    • |
  • 135 Pages
    • |
  • GIR
    • |
  • Chemical & Material

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.


1 Market Overview

  • 1.1 Product Overview and Scope
  • 1.2 Market Estimation Caveats and Base Year
  • 1.3 Market Analysis by Type
    • 1.3.1 Overview: Global Cored Wire Consumption Value by Type: 2020 Versus 2024 Versus 2031
    • 1.3.2 Calcium Silicide Cored Wire (CaSi)
    • 1.3.3 Calcium Solid Cored Wire (Ca)
    • 1.3.4 Pure Carbon Cored Wire (C)
    • 1.3.5 Ferro Calcium Cored Wire (CaFe)
    • 1.3.6 Others
  • 1.4 Market Analysis by Application
    • 1.4.1 Overview: Global Cored Wire Consumption Value by Application: 2020 Versus 2024 Versus 2031
    • 1.4.2 Steelmaking
    • 1.4.3 Iron Casting
    • 1.4.4 Others
  • 1.5 Global Cored Wire Market Size & Forecast
    • 1.5.1 Global Cored Wire Consumption Value (2020 & 2024 & 2031)
    • 1.5.2 Global Cored Wire Sales Quantity (2020-2031)
    • 1.5.3 Global Cored Wire Average Price (2020-2031)

2 Manufacturers Profiles

  • 2.1 Sarthak Metals
    • 2.1.1 Sarthak Metals Details
    • 2.1.2 Sarthak Metals Major Business
    • 2.1.3 Sarthak Metals Cored Wire Product and Services
    • 2.1.4 Sarthak Metals Cored Wire Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2020-2025)
    • 2.1.5 Sarthak Metals Recent Developments/Updates
  • 2.2 Anyang Chunyang
    • 2.2.1 Anyang Chunyang Details
    • 2.2.2 Anyang Chunyang Major Business
    • 2.2.3 Anyang Chunyang Cored Wire Product and Services
    • 2.2.4 Anyang Chunyang Cored Wire Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2020-2025)
    • 2.2.5 Anyang Chunyang Recent Developments/Updates
  • 2.3 Anyang Tiefa
    • 2.3.1 Anyang Tiefa Details
    • 2.3.2 Anyang Tiefa Major Business
    • 2.3.3 Anyang Tiefa Cored Wire Product and Services
    • 2.3.4 Anyang Tiefa Cored Wire Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2020-2025)
    • 2.3.5 Anyang Tiefa Recent Developments/Updates
  • 2.4 Anyang Wanhua Metal
    • 2.4.1 Anyang Wanhua Metal Details
    • 2.4.2 Anyang Wanhua Metal Major Business
    • 2.4.3 Anyang Wanhua Metal Cored Wire Product and Services
    • 2.4.4 Anyang Wanhua Metal Cored Wire Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2020-2025)
    • 2.4.5 Anyang Wanhua Metal Recent Developments/Updates
  • 2.5 Xibao Group
    • 2.5.1 Xibao Group Details
    • 2.5.2 Xibao Group Major Business
    • 2.5.3 Xibao Group Cored Wire Product and Services
    • 2.5.4 Xibao Group Cored Wire Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2020-2025)
    • 2.5.5 Xibao Group Recent Developments/Updates
  • 2.6 Harbin KeDeWei
    • 2.6.1 Harbin KeDeWei Details
    • 2.6.2 Harbin KeDeWei Major Business
    • 2.6.3 Harbin KeDeWei Cored Wire Product and Services
    • 2.6.4 Harbin KeDeWei Cored Wire Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2020-2025)
    • 2.6.5 Harbin KeDeWei Recent Developments/Updates
  • 2.7 Anyang Changxin Special Alloy
    • 2.7.1 Anyang Changxin Special Alloy Details
    • 2.7.2 Anyang Changxin Special Alloy Major Business
    • 2.7.3 Anyang Changxin Special Alloy Cored Wire Product and Services
    • 2.7.4 Anyang Changxin Special Alloy Cored Wire Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2020-2025)
    • 2.7.5 Anyang Changxin Special Alloy Recent Developments/Updates
  • 2.8 Wuxi Novel Special Metal
    • 2.8.1 Wuxi Novel Special Metal Details
    • 2.8.2 Wuxi Novel Special Metal Major Business
    • 2.8.3 Wuxi Novel Special Metal Cored Wire Product and Services
    • 2.8.4 Wuxi Novel Special Metal Cored Wire Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2020-2025)
    • 2.8.5 Wuxi Novel Special Metal Recent Developments/Updates
  • 2.9 TUF Group
    • 2.9.1 TUF Group Details
    • 2.9.2 TUF Group Major Business
    • 2.9.3 TUF Group Cored Wire Product and Services
    • 2.9.4 TUF Group Cored Wire Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2020-2025)
    • 2.9.5 TUF Group Recent Developments/Updates
  • 2.10 Sanxiang Advanced Materials
    • 2.10.1 Sanxiang Advanced Materials Details
    • 2.10.2 Sanxiang Advanced Materials Major Business
    • 2.10.3 Sanxiang Advanced Materials Cored Wire Product and Services
    • 2.10.4 Sanxiang Advanced Materials Cored Wire Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2020-2025)
    • 2.10.5 Sanxiang Advanced Materials Recent Developments/Updates
  • 2.11 OFZ, a. s.
    • 2.11.1 OFZ, a. s. Details
    • 2.11.2 OFZ, a. s. Major Business
    • 2.11.3 OFZ, a. s. Cored Wire Product and Services
    • 2.11.4 OFZ, a. s. Cored Wire Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2020-2025)
    • 2.11.5 OFZ, a. s. Recent Developments/Updates
  • 2.12 McKeown
    • 2.12.1 McKeown Details
    • 2.12.2 McKeown Major Business
    • 2.12.3 McKeown Cored Wire Product and Services
    • 2.12.4 McKeown Cored Wire Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2020-2025)
    • 2.12.5 McKeown Recent Developments/Updates
  • 2.13 Lincoln Electric
    • 2.13.1 Lincoln Electric Details
    • 2.13.2 Lincoln Electric Major Business
    • 2.13.3 Lincoln Electric Cored Wire Product and Services
    • 2.13.4 Lincoln Electric Cored Wire Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2020-2025)
    • 2.13.5 Lincoln Electric Recent Developments/Updates
  • 2.14 Sandvik Materials
    • 2.14.1 Sandvik Materials Details
    • 2.14.2 Sandvik Materials Major Business
    • 2.14.3 Sandvik Materials Cored Wire Product and Services
    • 2.14.4 Sandvik Materials Cored Wire Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2020-2025)
    • 2.14.5 Sandvik Materials Recent Developments/Updates
  • 2.15 Bohler Welding
    • 2.15.1 Bohler Welding Details
    • 2.15.2 Bohler Welding Major Business
    • 2.15.3 Bohler Welding Cored Wire Product and Services
    • 2.15.4 Bohler Welding Cored Wire Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2020-2025)
    • 2.15.5 Bohler Welding Recent Developments/Updates
  • 2.16 Kobe Steel
    • 2.16.1 Kobe Steel Details
    • 2.16.2 Kobe Steel Major Business
    • 2.16.3 Kobe Steel Cored Wire Product and Services
    • 2.16.4 Kobe Steel Cored Wire Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2020-2025)
    • 2.16.5 Kobe Steel Recent Developments/Updates
  • 2.17 Esab
    • 2.17.1 Esab Details
    • 2.17.2 Esab Major Business
    • 2.17.3 Esab Cored Wire Product and Services
    • 2.17.4 Esab Cored Wire Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2020-2025)
    • 2.17.5 Esab Recent Developments/Updates
  • 2.18 Miller Electric
    • 2.18.1 Miller Electric Details
    • 2.18.2 Miller Electric Major Business
    • 2.18.3 Miller Electric Cored Wire Product and Services
    • 2.18.4 Miller Electric Cored Wire Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2020-2025)
    • 2.18.5 Miller Electric Recent Developments/Updates

3 Competitive Environment: Cored Wire by Manufacturer

  • 3.1 Global Cored Wire Sales Quantity by Manufacturer (2020-2025)
  • 3.2 Global Cored Wire Revenue by Manufacturer (2020-2025)
  • 3.3 Global Cored Wire Average Price by Manufacturer (2020-2025)
  • 3.4 Market Share Analysis (2024)
    • 3.4.1 Producer Shipments of Cored Wire by Manufacturer Revenue ($MM) and Market Share (%): 2024
    • 3.4.2 Top 3 Cored Wire Manufacturer Market Share in 2024
    • 3.4.3 Top 6 Cored Wire Manufacturer Market Share in 2024
  • 3.5 Cored Wire Market: Overall Company Footprint Analysis
    • 3.5.1 Cored Wire Market: Region Footprint
    • 3.5.2 Cored Wire Market: Company Product Type Footprint
    • 3.5.3 Cored Wire Market: Company Product Application Footprint
  • 3.6 New Market Entrants and Barriers to Market Entry
  • 3.7 Mergers, Acquisition, Agreements, and Collaborations

4 Consumption Analysis by Region

  • 4.1 Global Cored Wire Market Size by Region
    • 4.1.1 Global Cored Wire Sales Quantity by Region (2020-2031)
    • 4.1.2 Global Cored Wire Consumption Value by Region (2020-2031)
    • 4.1.3 Global Cored Wire Average Price by Region (2020-2031)
  • 4.2 North America Cored Wire Consumption Value (2020-2031)
  • 4.3 Europe Cored Wire Consumption Value (2020-2031)
  • 4.4 Asia-Pacific Cored Wire Consumption Value (2020-2031)
  • 4.5 South America Cored Wire Consumption Value (2020-2031)
  • 4.6 Middle East & Africa Cored Wire Consumption Value (2020-2031)

5 Market Segment by Type

  • 5.1 Global Cored Wire Sales Quantity by Type (2020-2031)
  • 5.2 Global Cored Wire Consumption Value by Type (2020-2031)
  • 5.3 Global Cored Wire Average Price by Type (2020-2031)

6 Market Segment by Application

  • 6.1 Global Cored Wire Sales Quantity by Application (2020-2031)
  • 6.2 Global Cored Wire Consumption Value by Application (2020-2031)
  • 6.3 Global Cored Wire Average Price by Application (2020-2031)

7 North America

  • 7.1 North America Cored Wire Sales Quantity by Type (2020-2031)
  • 7.2 North America Cored Wire Sales Quantity by Application (2020-2031)
  • 7.3 North America Cored Wire Market Size by Country
    • 7.3.1 North America Cored Wire Sales Quantity by Country (2020-2031)
    • 7.3.2 North America Cored Wire Consumption Value by Country (2020-2031)
    • 7.3.3 United States Market Size and Forecast (2020-2031)
    • 7.3.4 Canada Market Size and Forecast (2020-2031)
    • 7.3.5 Mexico Market Size and Forecast (2020-2031)

8 Europe

  • 8.1 Europe Cored Wire Sales Quantity by Type (2020-2031)
  • 8.2 Europe Cored Wire Sales Quantity by Application (2020-2031)
  • 8.3 Europe Cored Wire Market Size by Country
    • 8.3.1 Europe Cored Wire Sales Quantity by Country (2020-2031)
    • 8.3.2 Europe Cored Wire Consumption Value by Country (2020-2031)
    • 8.3.3 Germany Market Size and Forecast (2020-2031)
    • 8.3.4 France Market Size and Forecast (2020-2031)
    • 8.3.5 United Kingdom Market Size and Forecast (2020-2031)
    • 8.3.6 Russia Market Size and Forecast (2020-2031)
    • 8.3.7 Italy Market Size and Forecast (2020-2031)

9 Asia-Pacific

  • 9.1 Asia-Pacific Cored Wire Sales Quantity by Type (2020-2031)
  • 9.2 Asia-Pacific Cored Wire Sales Quantity by Application (2020-2031)
  • 9.3 Asia-Pacific Cored Wire Market Size by Region
    • 9.3.1 Asia-Pacific Cored Wire Sales Quantity by Region (2020-2031)
    • 9.3.2 Asia-Pacific Cored Wire Consumption Value by Region (2020-2031)
    • 9.3.3 China Market Size and Forecast (2020-2031)
    • 9.3.4 Japan Market Size and Forecast (2020-2031)
    • 9.3.5 South Korea Market Size and Forecast (2020-2031)
    • 9.3.6 India Market Size and Forecast (2020-2031)
    • 9.3.7 Southeast Asia Market Size and Forecast (2020-2031)
    • 9.3.8 Australia Market Size and Forecast (2020-2031)

10 South America

  • 10.1 South America Cored Wire Sales Quantity by Type (2020-2031)
  • 10.2 South America Cored Wire Sales Quantity by Application (2020-2031)
  • 10.3 South America Cored Wire Market Size by Country
    • 10.3.1 South America Cored Wire Sales Quantity by Country (2020-2031)
    • 10.3.2 South America Cored Wire Consumption Value by Country (2020-2031)
    • 10.3.3 Brazil Market Size and Forecast (2020-2031)
    • 10.3.4 Argentina Market Size and Forecast (2020-2031)

11 Middle East & Africa

  • 11.1 Middle East & Africa Cored Wire Sales Quantity by Type (2020-2031)
  • 11.2 Middle East & Africa Cored Wire Sales Quantity by Application (2020-2031)
  • 11.3 Middle East & Africa Cored Wire Market Size by Country
    • 11.3.1 Middle East & Africa Cored Wire Sales Quantity by Country (2020-2031)
    • 11.3.2 Middle East & Africa Cored Wire Consumption Value by Country (2020-2031)
    • 11.3.3 Turkey Market Size and Forecast (2020-2031)
    • 11.3.4 Egypt Market Size and Forecast (2020-2031)
    • 11.3.5 Saudi Arabia Market Size and Forecast (2020-2031)
    • 11.3.6 South Africa Market Size and Forecast (2020-2031)

12 Market Dynamics

  • 12.1 Cored Wire Market Drivers
  • 12.2 Cored Wire Market Restraints
  • 12.3 Cored Wire Trends Analysis
  • 12.4 Porters Five Forces Analysis
    • 12.4.1 Threat of New Entrants
    • 12.4.2 Bargaining Power of Suppliers
    • 12.4.3 Bargaining Power of Buyers
    • 12.4.4 Threat of Substitutes
    • 12.4.5 Competitive Rivalry

13 Raw Material and Industry Chain

  • 13.1 Raw Material of Cored Wire and Key Manufacturers
  • 13.2 Manufacturing Costs Percentage of Cored Wire
  • 13.3 Cored Wire Production Process
  • 13.4 Industry Value Chain Analysis

14 Shipments by Distribution Channel

  • 14.1 Sales Channel
    • 14.1.1 Direct to End-User
    • 14.1.2 Distributors
  • 14.2 Cored Wire Typical Distributors
  • 14.3 Cored Wire Typical Customers

15 Research Findings and Conclusion

    16 Appendix

    • 16.1 Methodology
    • 16.2 Research Process and Data Source

    Summary:
    Get latest Market Research Reports on Cored Wire. Industry analysis & Market Report on Cored Wire is a syndicated market report, published as Global Cored Wire Market 2025 by Manufacturers, Regions, Type and Application, Forecast to 2031. It is complete Research Study and Industry Analysis of Cored Wire market, to understand, Market Demand, Growth, trends analysis and Factor Influencing market.

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