Global PC Wire & Strand Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global PC Wire & Strand Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

The artificial compression stress applied to neutralize tensile stress deployed by exterior force is known as prestress. The structures constructed with prestress is called PC. The wire or strand used on PC structure is known as PC wire or strand. When force is applied to the concrete, prestressing is introduced to counter the stresses resulting from the applied load. PC wires and strands are used as a medium to attain a force that can neutralize external forces such as stress or compression. Manufacturing and designing of high quality PC wires and strands have been a priority for top vendors in the market. They form an integral part of bridges and commercial and residential building constructions.

Market Overview:

The latest research study on the global PC Wire & Strand market finds that the global PC Wire & Strand market reached a value of USD 3727.58 million in 2022. It’s expected that the market will achieve USD 4493.66 million by 2028, exhibiting a CAGR of 3.16% during the forecast period.

Strength

The rapid development of the construction industry.
Promoted by government policies in developing countries.
Infrastructure enhancements.

Weakness

In some areas, the supply of raw materials is tight and production is limited.

Threat

Fluctuation price of raw materials.
Trade war and local war.

Opportunity

Development and application of new materials.
Research and development of reinforcement technology.

Region Overview:

From 2023-2028, Asia Pacific is estimated to witness robust growth prospects.

Company Overview:

ArcelorMittal is one of the major players operating in the PC Wire & Strand market, holding a share of 9.77% in 2019.

WireSolutions, a subsidiary of ArcelorMittal, is one of the world's largest drawers, offering a wide range of low carbon and high carbon wire, strand, rope and corrosion resistant solutions. WireSolutions is committed to developing steel specifications and processes. To produce the highest quality prestressed steel wire and steel strands.

KISWIRE Ltd. is engaged in the manufacture and sale of steel wire products. Its products include oil-hardened wire and profiled wire, spring wire, tire reinforcement, galvanized steel wire and steel strand, pc steel wire and steel strand, hose wire, bridge wire rope, wire rope and superconducting wire.

Segmentation Overview:

Among different product types, Uncoated PC Strand segment is anticipated to contribute the largest market share in 2028.

Application Overview:

By application, the Bridges segment occupied the biggest share from 2018 to 2022.

Key Companies in the global PC Wire & Strand market covered in Chapter 3:

Tycsa PSC
QUIJANO
The Siam Industrial Wire Company
Henan Hengxing Science & Technology
Bekaert.com
Shagang Group
ArcelorMittal
MAADANYA
FAPRECELA
KISWIRE
SLM - ITALIE
STALCOR
Sumiden Wire

In Chapter 4 and Chapter 14.2, on the basis of types, the PC Wire & Strand market from 2018 to 2029 is primarily split into:

Uncoated PC Strand
Uncoated PC Wire
Others

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the PC Wire & Strand market from 2018 to 2029 covers:

Bridges
Buildings
Others

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)