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Global aluminum welding wires market to grow

 

Technavio analysts forecast the global aluminum welding wires market to grow at a CAGR of more than 6 percent for 2017-2021. Technavio analysts highlight three factors that are contributing to the growth: increasing demand for lightweight vehicles, for welding wires for repair and maintenance, and for power infrastructure. Aluminum alloys are used for various applications in industries such as automotive and transportation, construction and shipbuilding. For instance, the 4047 alloy is widely used in welding of automotive components, heat exchangers and body panels of cars and trucks.