Global Silicon Bronze Welding Wire Market Size was Valued USD 673.5 Million by 2035 | CAGR of 7.2%
Category: Chemicals & MaterialsGlobal Silicon Bronze Welding Wire Market Size was Valued USD 673.5 Million by 2035
According to a Research Report Published by Spherical Insights & Consulting, The Global Silicon Bronze Welding Wire Market Size is expected to Grow from USD 313.4 Million in 2024 to USD 673.5 Million by 2035, at a CAGR of 7.2% during the forecast period 2025-2035.
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Browse 210 Market Data Tables And 45 Figures Spread Through 190 Pages and In-Depth TOC On the "Global Silicon Bronze Welding Wire Market Size, Share, and COVID-19 Impact Analysis, By Classification (MIG Welding, TIG Welding, and Others), By Application (Mechanical Equipment, Ship, Petrochemical, and Others), By End-User (Shipbuilding Companies, Manufacturing Facilities, Petrochemical Plants, Marine Construction, and Others), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2025 – 2035." Get Detailed Report Description Here: https://www.sphericalinsights.com/reports/silicon-bronze-welding-wire-market
The silicon bronze welding wire market comprises the production and distribution of welding consumables made from silicon bronze alloys, widely used for joining metals such as bronze, copper, brass, and steel through MIG, TIG, and brazing techniques. These wires are preferred for their excellent corrosion resistance, strong electrical conductivity, and ability to produce durable, high-quality welds. They are extensively used in marine construction, shipbuilding, automotive manufacturing, petrochemical facilities, and heavy machinery. Market growth is primarily driven by rising infrastructure development, increasing industrial automation, and growing demand for reliable, long-lasting metal joints. Expanding applications in the marine and construction sectors, coupled with advancements in welding technologies that enhance efficiency and precision, further support market expansion, particularly across rapidly developing Asia Pacific economies. The global silicon bronze welding wire market faces challenges due to frequent fluctuations in copper prices.
The MIG welding segment dominated the market in 2024 and is projected to grow at a substantial CAGR during the forecast period.
Based on the classification, the silicon bronze welding wire market is divided into MIG welding, TIG welding, and others. Among these, the MIG welding segment dominated the market in 2024 and is projected to grow at a substantial CAGR during the forecast period. Silicon bronze welding wires offer high productivity and versatility in shipbuilding and are extensively used in mechanical equipment fabrication and petrochemical plants, providing consistent arc performance and high deposition rates for demanding applications.
The mechanical equipment segment accounted for the largest share in 2024 and is anticipated to grow at a remarkable CAGR during the forecast period.
Based on the application, the silicon bronze welding wire market is divided into mechanical equipment, ship, petrochemical, and others. Among these, the mechanical equipment segment accounted for the largest share in 2024 and is anticipated to grow at a significant CAGR during the forecast period. The market is propelled by industrial machinery and process equipment manufacturing, demanding precision welding for pumps, valves, heat exchangers, as well as pressure vessels and mechanical component assemblies in diverse industrial sectors.
The shipbuilding companies segment accounted for the highest market revenue in 2024 and is anticipated to grow at a significant CAGR during the forecast period.
Based on the end-user, the silicon bronze welding wire market is divided into shipbuilding companies, manufacturing facilities, petrochemical plants, marine construction, and others. Among these, the shipbuilding companies segment accounted for the highest market revenue in 2024 and is anticipated to grow at a significant CAGR during the forecast period. Rising global shipping, ship modernization, and expanding marine infrastructure have boosted demand for high-quality welding consumables, driving growth in the shipbuilding sector and supporting durable, corrosion-resistant metal joining.
Asia Pacific is expected to hold the majority share of the global silicon bronze welding wire market during the forecast period.
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Asia Pacific is expected to hold the majority share of the global silicon bronze welding wire market during the forecast period. The region is experiencing rapid industrialization alongside a growing volume of shipbuilding orders and construction projects. China leads the market, with India expanding its industrial and energy sectors, while Japan focuses on high-precision manufacturing and the automotive industry, driving regional demand for welding materials.
North America is anticipated to grow at the fastest pace in the global silicon bronze welding wire market during the forecast period. The North American market is growing due to the rising use of high-quality, corrosion-resistant welding wires in manufacturing and industry, supported by Canadian government initiatives, with the United States driving growth through investments in shipbuilding and petrochemical sectors.
Major vendors in the global silicon bronze welding wire market are Lincoln Electric, Illinois Tool Works, ESAB Corporation, KOBE STEEL, LTD, Kiswel, Tejin Soldering Materials, Bobao Group, TASETO, Voestalpine, COR-MET, GYS Schweisstechnik, Fronius International GmbH, Miller Electric Mfg. LLC, Wisconsin Wire Works Inc., and Others.
Key Target Audience
- Market Players
- Investors
- End-users
- Government Authorities
- Consulting and Research Firm
- Venture capitalists
- Value-Added Resellers (VARs)
Key Market Development
- In May 2024, voestalpine Böhler Welding acquired a majority stake in Italian premium welding wire manufacturer ITALFIL S.p.A., which employs 110 people and reported EUR 43 million in annual revenue. The acquisition strengthens voestalpine’s portfolio in semi- and fully automated high-quality welding technologies.
- In August 2021, ESAB Welding & Cutting Products globally launched Coreshield 71T-8 OS, a self-shielded flux-cored wire for all-position welding in critical structural applications. Designed for offshore and infrastructure projects, it offers low diffusible hydrogen, excellent low-temperature toughness, and strong mechanical performance.
Market Segment
This study forecasts revenue at global, regional, and country levels from 2020 to 2035. Spherical Insights has segmented the silicon bronze welding wire market based on the below-mentioned segments:
Global Silicon Bronze Welding Wire Market, By Classification
- MIG Welding
- TIG Welding
- Others
Global Silicon Bronze Welding Wire Market, By Application
- Mechanical Equipment
- Ship
- Petrochemical
- Others
Global Silicon Bronze Welding Wire Market, By End-User
- Shipbuilding Companies
- Manufacturing Facilities
- Petrochemical Plants
- Marine Construction
- Others
Global Silicon Bronze Welding Wire Market, By Regional Analysis
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- UK
- France
- Italy
- Spain
- Russia
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- Rest of Asia Pacific
- South America
- Brazil
- Argentina
- Rest of South America
- Middle East & Africa
- UAE
- Saudi Arabia
- Qatar
- South Africa
- Rest of the Middle East & Africa
About the Spherical Insights & Consulting
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Which is catering to different industry such as financial sectors, industrial sectors, government organizations, universities, non-profits and corporations. The company's mission is to work with businesses to achieve business objectives and maintain strategic improvements.
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