London, United Kingdom, November 02, 2011 --(PR.com
)-- When: November 2011 at 2pm GMT
Location: Online, with free registration
Presenter: Ruth Shilpa Sudhakar, Research Analyst, Frost & Sullivan
The evolving end-user industries and emerging technologies are materializing the needs for customized filler metals, which are to be addressed and met at competitive prices.
Innovation in technology led to the growth of the global welding consumables market in 2010. Solid wires and stick electrodes had the largest growth rates, while flux cored wires were also witnessed to have increasing preferences among end-users.
Cost investments, value for money and productivity constituted growth accelerators in 2010. The large demand also paved the way for the emergence of regional welding consumables manufacturers, particularly from the Asian countries, which delivered products at competitive prices. This implied decreasing the chances for customer loyalty towards one single manufacturer, and thus making the market extremely fragmented.
Mergers and acquisitions were also witnessed to be an increasing trend in the global welding consumables market the same year, with the largest concentration in developing regions such as Russia and CIS, India, China and Africa.
Highlights of this briefing include the analysis of drivers and restraints, technology trends and regional developments across the global welding consumables market in seven major end-user segments.
The briefing will benefit welding consumables manufacturers and distributors, by discussing emerging trends and providing a forecast of the global welding consumables market across different end-user industries.
“The global welding consumables market may soon rebound to pre-recession rates, with the advent of innovative yet viable technologies. With safety becoming a critical concern, each participant in the market will also be committed to provide high quality and safety through innovative technologies. Advanced welding materials that increase productivity at competitive prices will be brand image propellers, and will also boost market revenues in the future,” observes Research Analyst Ruth Sudhakar.
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