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2023 Brushware September-October: 63rd FEIBP Congress

Page 30

wire filaments A High Growth Market By Bob Lawrence Ask anyone outside the brush industry what wire brushes are used for and most will cite menial tasks such as grill cleaning, having no realization that they’re essential in most major industries producing products and services ubiquitous in their lives, from aerospace and automotive to agriculture and telecommunications. As such, it’s a high-growth segment of the brush industry, according to a July 2023 Business Research Insights analysis of the global wire brush market. The findings: it’s expected to grow from over $553 million (USD) now to $784 million at a compound annual growth rate of six percent by 2028. This bodes well for wire filament producers and distributors as well as wire brush manufacturers, both of which are, and have been, dealing with all the major issues associated with doing business in their home countries and globally. To gain insight from their perspective, Brushware posed questions to wire brush manufacturers and wire filament suppliers

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