Growth in Automotive & Construction Sector Followed by Usage of Welding Consumables in Maintenance to Drive Global Saw Wire Market Over the Forecast Period: Ken Research

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Saw wire or submerged arc welding is a slicing wire to slice the wafer from Ingot by wire saw machine. It is conducted beneath a protective layer & blanket of flux. It is comprised of flexible, multiple, wires twisted to generate multiple cutting surfaces. It is also used for cutting a large variety of products, for instance, silicon, gallium arsenide, germanium, indium phosphate, and quartz. They further allow a superior degree of flexibility despite lack of space. It is equipped with mechanical components which can generate power saw which employs a single cable or wire. Its performing principle is just similar to conventional saws like band saws. The applications of a wire saw a range from a central part of a survival kit used for creating aesthetic &decorative artworks.

One of the major advantages of wire saws includes smaller kerf compared to a blade, followed by precision to cut. In addition, some of the major disadvantages include slower speed, any surface imperfections which cause errors in the cut and a greater chance the wire will break.

According to the study, “Global Saw Wire Market 2019 by Manufacturers, Regions, Type, and Application, Forecast to 2024” the companies currently operating in the global saw wire market are Asahi Diamond Industrial, Nakamura Choukou, Meyer Burger Technology, Diamond Pauber, Metron, SCHMID, DIAT New Material, Nanjing Sanchao, Noritake, Sino-Crystal Diamond, A.L.M.T. Corp., Zhejiang Ruiyi, Henan Yicheng, READ, Tony Tech, MDWEC, ILJIN Diamond. Most of the players in the global saw wire market offer wires that come with a smaller kerf, which is the incision made with a blade.

Based on type, the global saw wire market is segmented into oscillating (reciprocating) and continuous (endless, or loop). Based on product type, the market is segmented into resin wire and electroplated wire. Based on the wire, the market is segmented into twin-wire, multiple wires, tabular wire, and metal power addition, single wire with hot addition and single wire with cold addition. Based on applications, the market is segmented into sapphire slicing, silicon slicing, and others. Moreover, based on end-use, the market is segmented as steel mills, hospitals, commercial construction, hydroelectric plants, bridges, and others.

The global saw wire market is driven by growth in automotive & construction sector followed by other aspects which include the usage of welding consumables in maintenance or repair and an increase in global energy infrastructure development. However, the lack of availability of a skilled workforce in the manufacturing sector is adding to a major hindering factor to the market.

North-American region holds the major share to rapid industrialization & infrastructure development in the key economies, followed by an increase in demand from the building & construction sector. Additionally, China is anticipated to lead the market in the Asia Pacific region due to growing infrastructural development. In addition, it is further expected that demand for saw wire from the Indian market to grow at a faster pace followed by China. In 2019, the global saw wire market value is reached at the US $730 million and over the forecast period it is expected to reach the US $1,320 million, by 2024.

To Know More, Click On The Link Below:-

Global Saw Wire Market 2019

Related Report:-

Global Saw Wire Market Analysis 2013-2018 and Forecast 2019-2024

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Ken Research

Ankur Gupta, Head Marketing & Communications

Sales@kenresearch.com

+91-9015378249

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