Chan Ye Xin Xi Wang·2026-01-08 01:20Core Viewpoint - The submerged arc welding wire market in China is expected to reach approximately 3.997 billion yuan in 2024, with a year-on-year growth of 13.29%, driven by macro policies supporting the real economy and manufacturing upgrades [1][7]. Industry Overview - Submerged arc welding wire is a core consumable material in submerged arc welding (SAW) processes, used as an electrode and filler metal, providing stable welding quality and high production efficiency [2][4]. - The submerged arc welding process has advantages such as low arc light radiation and minimal smoke, making it widely applicable in pressure vessels, pipelines, bridges, and marine engineering [2]. Market Size - The market demand for submerged arc welding wire is solidly supported by its application in heavy manufacturing sectors like shipbuilding, bridges, energy equipment, and pressure vessels [1][7]. - The efficiency of submerged arc welding is 3-5 times higher than traditional manual welding, with a defect rate reduced by over 50%, facilitating automation in large steel structures and pressure vessels [1][7]. Key Enterprises - The competitive landscape of the submerged arc welding wire industry is characterized by concentration among leading firms and niche breakthroughs by smaller companies [8]. - Ha Han Hu Tong has a comprehensive product range and has been recognized as a national high-tech enterprise, with significant revenue growth and a focus on R&D in specialized welding materials [8][9]. - Sichuan Atlantic specializes in high-end welding materials and has achieved significant advancements in domestic production capabilities, with notable revenue growth [9]. Industry Development Trends 1. Technological Innovation: The industry is transitioning towards high-tech, high-performance products, with increasing demand for high-strength and corrosion-resistant welding wires [10]. 2. Environmental Standards: Stricter environmental policies are driving the industry towards low-energy and low-emission production methods, with a focus on recycling and sustainable practices [10]. 3. Global Expansion: Chinese submerged arc welding wire companies are accelerating their overseas presence, with major players establishing production bases and service centers in international markets [11].