Global Cored Wire Market Size Growth Future Trend is projected to exhibit a CAGR of 1.36% between 2017 and 2025
The Cored Wire industry was 325 million USD in 2017 and is projected to reach 362 million USD by 2025, at a CAGR (Compounded Annual Growth Rate) of 1.36% between 2017 and 2025. The market is driven by various end-user industries, mainly Steel-making and Casting Industries.
Market concentration of Cored Wire industry is low. The key brands include Henan Xibao Metallurgy Materials, Chunyang Metallurgy Refractories, Anyang Tiefa Metallurgy, Sarthak Metals Marketing, TUF Group and OFZ, a. s. Other prominent players covered in the report are like Wanhua Metal Materials, KeDeWei（CoredWire）Metallurgy, Changxin Special Alloy, Novel Special Metal, Sanxiang Advanced Materials and McKeown International.
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The leading companies own the advantages on better performance, more abundant product’s types, better technical and impeccable after-sales service. Consequently, they take the majority of the market share of high-end market. Looking to the future years, the slow downward price trend in recent years will maintain. As competition intensifies, prices gap between different brands will go narrowing. Similarly, there will be fluctuation in gross margin.
With the rapid development of wire feeding technology in various fields, the demand for a variety of alloy cored wire increasing manufacturing forming speed, high degree of automation, automatic dosing machine is the next cored wire production technology Direction of development. In addition, the development of new, efficient and environmentally friendly powder cored wire line technology is also an important part of growing feed.
Affected by the whole industry, major manufacturers of cored wires are keeping a steady operating rate, which remains a relatively low status among small businesses. The industry is expected to remain innovation-led, with frequent acquisitions and strategic alliances adopted as the key strategies by the players to increase their industry presence. Market stays in mature period with a clear concentration. Meanwhile, optimize product mix and further develop value-added capabilities to maximize margins.
The Global Cored Wire Market Research Report 2018 report released by QYResearch studies the Cored Wires market status and outlook of global and major regions, from angles of manufacturers, regions, product types and end industries; this report analyzes the top manufacturers in global and major regions, and splits the Cored Wires market by product type and applications/end industries.
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