May 28, 2013
The use of flux-cored wires across a variety of end user sectors is expected to rise, according to Frost & Sullivan, with adoption levels projected to be particularly strong in sectors such as energy and construction.
New analysis from the San Antonio, Texas-based firm, "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.
"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."