Posted to News on 22nd May 2013, 14:47
Multiple benefits to underpin appeal of flux cored wires
Numerous benefits are set to drive the uptake of flux cored wires across a range of end-user sectors. Adoption levels are projected to be particularly strong in sectors such as energy and construction. New analysis from Frost & Sullivan (www.industrialautomation.frost.com), Global Flux Cored Wires Market, finds that the market earned revenues of $1811.2 million in 2012 and estimates this to reach $2560.7 million in 2017.
Frost & Sullivan Industrial Automation & Process Control Program Manager Archana Chauhan notes: "The ability to support higher productivity, enhanced versatility and properties such as corrosion resistance are spurring demand for flux cored wires. An increase in investments is expected in the next two years, positively impacting on market prospects."
Improved efficiency is the lynchpin in sustainable production strategies that end users are planning to implement over the next 3-4 years. Flux cored wires are expected to play an important role in helping them achieve this goal.
Chauhan remarks: "Market expansion will be largely driven by infrastructure developments in emerging economies such as India and China and the growth of end-user sectors such as energy and construction. Renewable energy sectors in EMEA and North America are also central to the long-term growth strategies of flux cored wire manufacturers."
To leverage these opportunities, market participants need to design flux cored wires with higher deposition rates. Increased productivity as well as improved safety and control capabilities are equally important factors in supporting and sustaining growth.
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