Prestressed Concrete (PC) Wire and Strand Market By Type (3 wire strand, 7 wire strand, Other), By Application (Pre-tensioning, Bonded post-tensioning, Unbonded post-tensioning), By End user industry (Building construction, Infrastructure): Global Opportunity Analysis and Industry Forecast, 2023-2032
The global prestressed concrete (PC) wire and strand market was valued at $5,213.5 million in 2022 and is projected to reach $9,085.1 million by 2032, registering a CAGR of 5.6% from 2023 to 2032. Prestressed concrete (PC) wire and strand are innovative construction materials that have gained popularity in recent years for their application in prestressed concrete structures. These materials comprise two or more steel wires intertwined with each other. These wires are pre-tensioned or post-tensioned within the concrete component to counterbalance the tensile forces that the structure may encounter.
The prestressed concrete (PC) wire and strand market is witnessing an increased demand owing to a rise in construction activities, driven by the rise in population, and urbanization. PC strands offer superior strength and increased load-bearing capacity compared to prestressed concrete wire and hence they are used in larger-scale applications like bridges, beams, and slabs.However, the fluctuating cost of raw materials used for making prestressed concrete (PC) wire and strand is expected to have a negative impact on market growth.
Furthermore, the price of oil & gas, construction materials, as well the price of raw materials are experiencing increased volatility across the world, due to inflation mainly driven by Ukraine–Russia war. This has led to slow-paced growth of the prestressed concrete (PC) wire and strand market and its related industries.
The prestressed concrete (PC) wire and strand market is segmented on the basis of type, application, end-user, and region. By type, the market is bifurcated divided into 3 wire strand, 7 wire strand, and others. Depending upon the By application, the market is categorized into pre-tensioning, bonded post-tensioning, and unbonded post-tensioning. On the basis of By end user, it is the market is divided bifurcated into building construction, and infrastructure. Region wise, it the market is analyzed across North America (U.S., Canada, and Mexico), Europe (Germany, France, Italy, UK, and rest of Europe), Asia-Pacific (China, India, Japan, South Korea, and rest of Asia-Pacific), and LAMEA (Latin America, Middle East, and Africa).
Competition AnalysisCompetitive analysis and profiles of the major players in the prestressed concrete (PC) wire and strand market are provided in the report. Major companies in the report include ArcelorMittal, Bekaert NV, Insteel Industries, Inc., Davis Wire Industries Ltd., Kataria Group, Miki Steel Works Pvt. Ltd., KISWIRE LTD, Tata Steel Limited, TMG Global Pte Ltd., and Sumitomo Electric Industries, Ltd. (Sumiden Wire).
Key benefits for stakeholdersThe report provides an extensive analysis of the current and emerging prestressed concrete (PC) wire and strand market trends and dynamics.
In-depth market analysis is conducted by constructing market estimations for the key market segments between 2022 and 2032.
Extensive analysis of the prestressed concrete (PC) wire and strand market is conducted by following key product positioning and monitoring of the top competitors within the market framework.
A comprehensive analysis of all regions is provided to determine the prevailing opportunities.
The global prestressed concrete (PC) wire and strand market forecast analysis from 2023 to 2032 is included in the report.
Key market players within the prestressed concrete (PC) wire and strand market are profiled in this report and their strategies are analyzed thoroughly, which helps understand the competitive outlook of the prestressed concrete (PC) wire and strand industry.
Key Market SegmentsBy TypeOther
3 wire strand
7 wire strand
By ApplicationPre-tensioning
Bonded post-tensioning
Unbonded post-tensioning
By End user industryBuilding construction
Infrastructure
By RegionNorth America
U.S.
Canada
Mexico
Europe
Germany
France
UK
Italy
Rest of Europe
Asia-Pacific
China
Japan
India
South Korea
Rest of Asia-Pacific
LAMEA
Latin America
Middle East
Africa
Key Market Players
ArcelorMittal
Davis Wire Industries Ltd.
Insteel Industries, Inc.
Kataria Group
Kiswire Co Ltd.
Miki Steel Works Pvt. Ltd.
NV Bekaert SA
Sumitomo Electric Industries, Ltd. (Sumiden Wire)
Tata Steel Limited
TMG Global Pte Ltd.
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