According to a recent report from Research and Markets (http://www.researchandmarkets.com/),
the global welding consumables market is set to grow at a compound annual
growth rate (CAGR) of 6.86% between 2013 and 2018. The report was published in August 2014 and
not only looks at a detailed study of the industry at the present day, but also
looks at the growth prospects for the next 4 years.
The growth within the industry is said to be as a result of
the steady improvement in the US economy, which will undoubtedly also have a positive
impact on the UK economy. The demand for
welding consumables has started to increase, as projects which may have been
put on hold due to the economic downturn can now be resumed.
The main end-user industries which will be affected positive
by the growth in the global welding consumables market include:
·
The construction industry
·
Automotive and transportation industry
·
Heavy machinery industry
·
Energy sector
·
Shipbuilding
The report from Research and Markets primarily focused on
the revenue generated from the following products:
·
Solid wires
·
Fluxes
·
Flux-cored wires
·
Stick electrodes
Of course, the news from the report was welcomed by
Corewire, whose volume of work and enquiries have also begun to increase as the
green shoots within the industry have begun to grow.
Corewire produce a wide range of flux cored
welding consumables and machines which are suitable for maintenance and
hardfacing applications. Their products are
available to countries all over the world, and offices are based in Hampshire,
Slovakia, India and China. Having international
offices allows Corewire to keep tabs on the state of the market in various
locations across the world, meaning they can stay one step ahead of leading
competitors.
To find out more about the products and services offered by
Corewire, please visit their website or telephone +44 (0) 1252 517766.
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