Saw wire is employed to cut various products including silicon, quartz, gallium aresenide, germanium, and indium phosphide. The construction industry makes extensive usage of saw wires as they are used to cut huge construction equipment and walls. These wires enable a high degree of flexibility despite lack of space. Wire saws also find application in cutting silicon wafers and semiconductor equipment, partially in the photovoltaic industry. Taking into account the growth of the global Saw Wire market, QYR Consulting has lately published a new report named, “Global Saw Wire Market Report: Company Analysis, History and Future Overview, Global Sales Trends by 2025.” According to the report, the global Saw Wire market was US$ 730 Mn in 2018 and is expected to reach US$ 1560 Mn by the end of 2025. The global Saw Wire market is predicted to exhibit a healthy CAGR of 10.0% during the forecast period of 6 years, i.e. between 2019 and 2025.
Electroplated Wire to Gain Traction in the Saw Wire Market
The global Saw Wire market has been segregated on the basis of product as electroplated wire and resin wire. Electroplated wire may witness greater demand as compared to other product types as it has the ability to cut hard materials including silicon carbide, sapphire, and silicon. As far as the application is concerned, the global Saw Wire market has been bifurcated as silicon slicing, sapphire slicing, and others. The report offers a detailed analysis of the product segments to the readers.
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Surge in the Demand from the end-user industries to Drive the Market in North America
High demand for Saw Wire in the automotive, construction, and semiconductor industries could be one of the leading factors driving the Saw Wire market in North America. Strong presence of manufacturing industries in this region is also having a positive impact on the Saw Wire market growth. Demand for Saw Wire is expected to witness an uptrend in Asia Pacific owing to growing construction industry in the developing economies.
Metron, SCHMID, Asahi Diamond, DIAT New Material, Nanjing Sanchao, Henan Yicheng, Sino, Noritake, Zhejiang Ruiyi, Diamond Pauber, Nakamura Choukou, A.L.M.T., READ, ILJIN Diamond, Tony Tech, Crystal, and MDWEC are some of the key players operating in the global Saw Wire market. Key players are taking up strategies such as collaborations, partnerships, mergers and acquisitions, product interdiction, and business expansion in order to gain a major share in the market and strengthen their presence across the globe.
Surge in the Demand from the Construction Industry to Boost the Market Growth
Flourishing construction industry, particularly in the developing regions, is prophesied to foster the global Saw Wire market growth. Moreover, growing demand for Saw Wire in the semiconductor industry is also acting as a major driver in the Saw Wire market. Extensive research and development in the usage of fragile materials, crystals, and substrates is having a positive influence on the Saw Wire market growth.
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