Global Filler Metals Market to Reach $8.0 Billion by 2015, According to New Report by Global Industry Analysts, Inc.

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GIA announces the release of a comprehensive global report on Filler Metals market. The global market for filler metals is projected to exceed $8.0 billion by the year 2015. This is primarily driven by growing demand for superior filler metals such as flux cored wires and other high-alloyed filler metals; despite higher price band. This is because such advanced products can provide higher deposition rates and higher productivity.

Filler Metals: A Global Strategic Business Report

Demand for superior products such as, flux cored wires and other high-alloyed filler metals, are gaining traction, despite higher price band. Such advanced products can provide higher deposition rates and higher productivity. The flux-cored wires offer lesser splatter and higher deposition rates, and thus have lesser wear and tear on the equipment. Thus, demand for such products is higher as compared to the traditional stick electrodes as well as other unalloyed or low-alloyed filler metals. Such a trend has prompted many players to invest more on R&D in order to offer innovative products with differential metal alloys. Products that suit varied end-use industries, while high on quality, are sure to taste success. This will not only allow the manufacturers to enter newer avenues to market their products, but also help them establish long-standing relationship with their customers, by offering several value-added services and benefits.

North America and Asia Pacific dominates the world filler metals market as stated by the new market research report on filler metals market. The developed markets of North America and Western Europe are being flooded with imported cheaper versions of products from emerging regions of Asia Pacific, making it difficult for the big local players to sustain in the market. The only way for the big players to achieve lower price range is to move their manufacturing bases to low-cost regions in Eastern Europe and Asia. This will not only help them reduce the production costs, but also fulfill their commitments on environmental safety and occupational health standards. Certain manufacturers have initiated cost saving programs at the developmental stage of a product in order to bring in differentiation, segmentation and a robust marketing mix.

Key players dominating the Global Filler Metals Market include Avesta Welding AB, ESAB Group, Inc., Hyundai Welding Co., Ltd., Illinois Tool Works, Inc., Kobe Steel, Ltd., Metrode Products Ltd., Murex Welding Products Ltd., Air Liquide Welding, Sandvik Materials Technology AB, Special Metals Corporation, Vorarc Welding CC, Wuhan Zhongbai Group Co., Ltd., and Zaclon LLC, among others.

The report titled "Filler Metals: A Global Strategic Business Report" announced by Global Industry Analysts, Inc., provides a comprehensive review of industry overview, product overview, product introductions/innovations, profiles of major players, and recent industry activity. The study analyzes market data and analytics in terms of value sales for regions including North America, Europe, Asia Pacific, and Rest of World.

For more details about this comprehensive market research report, please visit - http://www.strategyr.com/Filler_Metals_Market_Report.asp

About Global Industry Analysts, Inc.
Global Industry Analysts, Inc., (GIA) is a reputed publisher of off-the-shelf market research. Founded in 1987, the company is globally recognized as one of the world's largest market research publishers. The company employs over 800 people worldwide and publishes more than 1100 full-scale research reports each year. Additionally, the company also offers thousands of smaller research products including company reports, market trend reports, and industry reports encompassing all major industries worldwide.

Global Industry Analysts, Inc.
Telephone 408-528-9966
Fax 408-528-9977
Email press(at)StrategyR(dot)com
Web Site http://www.StrategyR.com/

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