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Rising applications for wire & tube in major end-use industries
Source：International Metalworking News for Asia August 2017
Date Published：8/23/2017 03:08:45 PM
Held biennially, the opportune and strategic staging of the symbiotic specialist trade fairs come amidst encouraging prospects expected for the wire, cable, tube & pipe industries, especially on the back of a thriving infrastructure and manufacturing landscape in South East Asia.
Wires, cables, tubes and pipes play an indispensable role in today’s market and carries extensive use across a number of applications in several industries. The wire and cable materials market is expected to grow to US$297.4 billion by 2019 with a five-year CAGR of 7.7% and this is largely due to the continuously rising demands across major end-use industries, including telecommunication, power, automotive, and construction.
According to the Asian Development Bank (ADB), the energy and transport sectors will account for 62.6% of ASEAN infrastructure investment needs until 2020, while Goldman Sachs has projected infrastructure spending in power and transport in Thailand, Malaysia, Indonesia, and Philippines to amount to US$524 billion by 2020. This is backed by a recent report by the McKinsey Global Institute, that if ASEAN manages to fully implement the ASEAN Economic Community’s integration strategy, the region could add up to US$625 billion in global manufacturing to its annual GDP by 2030.
Reflecting these industry trends and shifts, the expansive product range on the show floor will be augmented by a series of concurrent events including a seminar by TUMCIVIL.COM and Eulogy Group that focuses on the design of tall buildings with seismic design led by Assoc. Prof. Dr. Paiboon Panyakapo, a Total Quality Management conference organised by Technology Promotion Association (Thai-Japan), as well as informative technical presentations by exhibitors.
From a value-added programme, to a complimentary business matching service, and fostering of strategic relations with industry partners, trade associations and public agencies, wire and Tube Southeast Asia 2017 will allow exhibitors and visitors from all over the world to network, test out and learn of the latest developments and insights in the wire and tube industry – thus leveraging on international business opportunities and to meet the challenges of today and the future.
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