IMARC Group has recently released a new research study “Prestressed Concrete (PC) Wire and Strand Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027”, offers a detailed analysis of the market drivers, segmentation, growth opportunities, trends, and competitive landscape to understand the current and future market scenarios.
What are the growth prospects of the prestressed concrete (PC) wire and strand Industry?
The global prestressed concrete (PC) wire and strand market size reached US$ 883.63 Million in 2021. Looking forward, IMARC Group expects the market to reach a value of US$ 1,142.15 Million by 2027, exhibiting a growth rate (CAGR) of 4.20% during 2022-2027.
What is a prestressed concrete (PC) wire and strand ?
Prestressed concrete (PC) wire and strand represent high-grade and low-unwinding steel wires that are stress relieved or stabilized and are essentially used to counter the low-pressure characteristics innate in concrete. In terms of the coating type, it can be categorized into uncoated PC strands, galvanized pc strands, epoxy-coated PC strands, etc.
These PC wire strand variants offer excellent stability and resistance to extreme temperature, water, abrasion, lubricity, and crack and form a key component in the manufacturing of precast concrete elements, poles, soil and rock anchors, etc. As a result, PC wire and strand models find extensive applications across various sectors, such as railroad, construction, and others.
Impact of COVID-19:
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
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What are the major market drivers in the prestressed concrete (PC) wire and strand market ?
The growing construction of residential and commercial buildings, on account of the rapid industrialization, urbanization, and considerable rise in renovation and remodeling activities, are primarily driving the prestressed concrete (PC) wire and strand market. In line with this, the inflating investments in constructing bridges, flyovers, auditoriums, hospitals, heritage sites, shopping malls, hospitals, and other public structures are also positively influencing the market growth.
Apart from this, the elevating popularity of offsite or prefab construction and the escalating usage of PC in cement poles, crane beams, multi-factory frameworks, railway sleepers, etc., are acting as significant growth-inducing factors.
Moreover, the launch of several policies by the government bodies across countries aimed at supporting real estate and mega infrastructure projects to promote economic growth and the increasing focus among leading players on improving manufacturing technologies and introducing advanced products with optimal efficiency and strength are expected to propel the prestressed concrete (PC) wire and strand market in the coming years.
Prestressed Concrete (PC) Wire and Strand Market Report Scope
Report Coverage
Details
Market size value in 2021
US$ 883.63 Million
Market forecast in 2027
US$ 1,142.15 Million
Growth Rate
CAGR of 4.20% from 2022 to 2027
Base year for estimation
2021
Historical data
2016-2021
Forecast period
2022-2027
Report coverage
Revenue Forecast, Company Ranking, Competitive Landscape, Growth Factors, And Trends
Segments covered
Coating Type, Type And Application
Regional scope
Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Key companies profiled
AL ITTEFAQ STEEL PRODUCTS CO., ArcelorMittal S.A., DWK Drahtwerk Köln GmbH, FAPRICELA, Guizhou Wire Rope Incorporated Company, Henan Hengxing Science & Technology Co. Ltd., Insteel Engineers Pvt Ltd., Quantum Steel, Southern Steel Group, Sumiden Wire and Usha Martin Ltd.
Market Dynamics
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, market condition analysis for forecast period,
Customization purview
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.
Report Segmentation:
The report has segmented the market into the following categories:
Breakup by Coating Type:
Uncoated PC StrandGalvanized PC StrandEpoxy Coated PC StrandOthersBreakup by Type:
Prestressed PC Steel WirePlain PC WireIndented PC WireSpiral Ribbed PC WireBreakup by Application:
BridgesBuildingsBy Geography:
North America (United States, Canada)Europe (Germany, France, United Kingdom, Italy, Spain, Others)Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)Latin America (Brazil, Mexico, Others)Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)List of Major Key Players:
The major players in the market are
AL ITTEFAQ STEEL PRODUCTS CO.
ArcelorMittal S.A.
DWK Drahtwerk Köln GmbH
FAPRICELA
Guizhou Wire Rope Incorporated Company
Henan Hengxing Science & Technology Co. Ltd.
Insteel Engineers Pvt Ltd.
Quantum Steel, Southern Steel Group
Sumiden Wire
And Usha Martin Ltd.
Key highlights of the report:
Market Performance (2016-2021)Market Outlook (2022- 2027)Porter's Five Forces AnalysisMarket Drivers and Success FactorsSWOT AnalysisValue ChainComprehensive Mapping of the Competitive LandscapeIf you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
About Us:
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
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