United States Prestressed Concrete (PC) Wire and Strand Market Report and Forecast 2023-2028

United States Prestressed Concrete (PC) Wire and Strand Market Report and Forecast 2023-2028

Market Outlook

According to the report by Expert Market Research (EMR), the United States prestressed concrete (PC) wire and strand market reached a value of USD 559 million in 2022. Aided by the burgeoning construction sector and the expanding infrastructure developments across the United States, the market is projected to further grow at a CAGR of 3.1% between 2023 and 2028 to reach a value of USD 555.8 million by 2028.

Prestressed concrete (PC) wire and strand refer to high-tensile steel cables used to strengthen and support concrete under tension, enhancing its performance and durability. Given the structural advantages offered by prestressing, the material has found significant application in various construction projects, including bridges, highways, and buildings. It ensures reduced construction costs, more extended durability, and resistance to weather-induced damages, making it a preferred choice among builders and contractors in the United States.

One of the pivotal factors steering the United States prestressed concrete (PC) wire and strand market expansion is the resurgence of the construction sector post-economic slowdowns and the continuous emphasis on infrastructural upgrades. As the nation focuses on improving and expanding its infrastructure — spanning roads, bridges, and public buildings — the demand for high-strength materials like PC wire and strand has observed an upsurge.

In parallel with these developments, the increasing investments in public transportation systems across the United States have also amplified the demand for prestressed concrete wire and strand. New railway lines, subway projects, and rapid transit systems under construction or renovation require durable and resilient materials, thereby providing impetus to the United States prestressed concrete (PC) wire and strand market growth.

Additionally, technological advancements in manufacturing techniques and material formulation have enhanced the quality and efficiency of PC wire and strands, further cementing their position in the construction domain. High-quality wires, corrosion-resistant strands, and the introduction of advanced post-tensioning systems signify the evolving landscape of the PC wire and strand sector.

The real estate sector's rejuvenation, particularly in urban areas, also plays a crucial role in boosting the United States prestressed concrete (PC) wire and strand market development. As skyscrapers, multi-level parking structures, and expansive residential complexes become the norm, the need for materials ensuring structural integrity and longevity, like PC wire and strand, becomes paramount.

Market Segmentation

The market can be divided based on surface coatings, application, and region.

Market Breakup by Surface Coatings

• Uncoated
• Galvanised
• Epoxy Coated
• Others

Market Breakup by Application

• Bridges
• Buildings
• Others

Market Breakup by Region

• New England
• Mideast
• Great Lakes
• Plains
• Southeast
• Southwest
• Rocky Mountain
• Far West

Competitive Landscape

The EMR report looks into the market shares, plant turnarounds, capacities, investments, and acquisitions and mergers, among other major developments, of the United States prestressed concrete (PC) wire and strand companies. Some of the major key players explored in the report by Expert Market Research are as follows:

• Insteel Industries, Inc.
• ArcelorMittal S.A.
• NV Bekaert SA
• WMC, LLC
• Usha Martin Limited
• Sumitomo Electric Industries, Ltd.
• JSW Holdings Limited
• Others

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*We at Expert Market Research always strive to provide you with the latest information. The numbers in the article are only indicative and may be different from the actual report."