LONDON, May 24, 2013 /PRNewswire/ -- 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 (http://www.industrialautomation.frost.com), Global Flux Cored Wires Market, finds that the market earned revenues of $1,811.2 million in 2012 and estimates this to reach $2,560.7 million in 2017.
"The ability to support higher productivity, enhanced versatility and properties such as corrosion resistance are spurring demand for flux cored wires," noted Frost & Sullivan Industrial Automation & Process Control Program Manager Archana Chauhan. "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.
"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," remarked Chauhan. "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.
If you are interested in more information on this research, please send an email to Julia Nikishkina, Corporate Communications, at email@example.com, with your full name, company name, job title, telephone number, company email address, company website, city, state and country.
Global Flux Cored Wires Market is part of the Industrial Automation & Process Control Growth Partnership Service programme. Frost & Sullivan's related research services include: Global Solid Wires Market, Global Submerged Arc Welding Market, Global Welding Equipment and Consumables Market, and World Arc Welding and Filler Metals Market. All research services included in subscriptions provide detailed market opportunities and industry trends evaluated following extensive interviews with market participants.
About Frost & Sullivan
Frost & Sullivan, the Growth Partnership Company, works in collaboration with clients to leverage visionary innovation that addresses the global challenges and related growth opportunities that will make or break today's market participants.
Our "Growth Partnership" supports clients by addressing these opportunities and incorporating two key elements driving visionary innovation: The Integrated Value Proposition and The Partnership Infrastructure.
- The Integrated Value Proposition provides support to our clients throughout all phases of their journey to visionary innovation including: research, analysis, strategy, vision, innovation and implementation.
- The Partnership Infrastructure is entirely unique as it constructs the foundation upon which visionary innovation becomes possible. This includes our 360 degree research, comprehensive industry coverage, career best practices as well as our global footprint of more than 40 offices.
For more than 50 years, we have been developing growth strategies for the global 1000, emerging businesses, the public sector and the investment community. Is your organisation prepared for the next profound wave of industry convergence, disruptive technologies, increasing competitive intensity, Mega Trends, breakthrough best practices, changing customer dynamics and emerging economies?
Global Flux Cored Wires Market.
Corporate Communications – Europe
P: +7 (499) 918 6146
SOURCE Frost & Sullivan