Prestressed Steel Wire and Strands Market Forecast 2030
Market Snapshot
The global Prestressed Steel Wire and Strands Market is projected to enroll a CAGR of 4.79% to arrive at USD 5,118.4 million by 2030. A noticeable element driving the development of the global market is the rising demand for prestressed steel in the structure and development industry. Prestressed steel wire and strands offer prevalent properties like high strength, bendability, great protection from erosion, flexibility, toughness, and low unwinding, driving the demand for prestressed steel wire and strands in the development business.
The rising demand for epoxy-covered prestressing steel strands in different end-use applications, for example, the railroad business is supposed to support the demand for prestressed steel strands and, consequently, favor the global market's development in the years to follow. Similarly, the rising utilization of prestressed steel strands for energy areas in different applications, including wind turbines, atomic reactor safeguards, and condensed petroleum gas (LNG) tanks, are projected to impel the market development during the survey time frame. Besides, the developing demand for energy-productive structures is projected to set out worthwhile open doors for players working in the global prestressed steel wire and strands market.
Market Segmentation
The global Prestressed Steel Wire and Strands market segments are Product, Application, Coating Type, and Region.
By Product segment, the market is bifurcated into Wire and Strand. The Coating Type segment is made up of Uncoated, Galvanized, Epoxy Coated, HDPE Coated, and Others.
In terms of Application, the market is classified into Railroad Industry, Construction Equipment, Bridges & Flyovers, Energy, and Others
Regional Analysis
The Asia-Pacific area represented the biggest market portion of 40.65% in 2020. Europe caught the second-biggest market portion of 19.49% around the same time.
The US is a significant supporter of the market in North America. The US is the world's third-biggest steel maker, representing around 5.4 percent of global rough steel yield, as well as one of the biggest steel clients. Prestressed Steel demand in the car, development, and oil and gas enterprises has taken off, helping the business.
Prestressed steel wire and strand is generally provided by European nations like the UK and Germany. The developing demand for prestressing steel from the auto business in the locale is probably going to help the demand for the prestressed steel wire and strands market.
China has generally been the essential motor of global prestressed steel wire and strand area development and is projected to go on before very long. Prestressed steel is generally used in different enterprises, including auto, development, foundation, energy, and others. In significant Latin American nation markets, the structure area is anticipated to restart in 2021.
Major Players
The key players in the global prestressed steel wire and strands market are DWK Drahtwerke Köln GmbH (Germany), DNA PC Strand (Turkey), Baekert (Belgium), FAPRICELA - Indústria de Trefilaria, Insteel Industries, Inc. (US), S.A. (Portugal), Ltd. (China), Hjulsbro Steel AB (Sweden), Henan Hengxing Science & Technology Co., Hubei Fuxing New Material Technology Co., Ltd (China), Maklada (Tunisia), NEDRI Spanstaal BV (Netherlands), KISWIRE Ltd. (South Korea), ORI Martin Group (Italy), Pretensados Del Norte SL (Spain), CB Trafilati Acciai S.P.A (Italy), Sumiden Wire Products Corporation (US), Trefil Union (France), TYCSA (Spain), Usha Martin Limited (India), voestalpine Group (Austria), Southern Steel Berhad Group (Malaysia), Mechel (Russia), ArcelorMittal (Luxembourg), Zhangjiagang Xinhua Prestressing Steel Strand Co.,Ltd (China), and The Siam Industrial Wire Company Limited (Thailand).
COVID 19 Impacts
We are continuously tracking the impact of the COVID-19 pandemic on various industries and verticals within all domains. Our research reports include the same and help you understand the drop and rise, owing to the impact of COVID-19 on industries. Also, we help you to identify the gap between the demand and supply of your interested market. Moreover, the report helps you with the analysis, amended government regulations, and many other useful insights.
Companies Mentioned
DWK Drahtwerke Köln GmbH (Germany)
DNA PC Strand (Turkey)
Baekert (Belgium)
FAPRICELA - Indústria de Trefilaria
Insteel Industries
Inc. (US)
S.A. (Portugal)
Ltd. (China)
Hjulsbro Steel AB (Sweden)
Henan Hengxing Science & Technology Co.
Hubei Fuxing New Material Technology Co.
Ltd (China)
Maklada (Tunisia)
NEDRI Spanstaal BV (Netherlands)
KISWIRE Ltd. (South Korea)
ORI Martin Group (Italy)
Pretensados Del Norte SL (Spain)
CB Trafilati Acciai S.P.A (Italy)
Sumiden Wire Products Corporation (US)
Trefil Union (France)
TYCSA (Spain)
Usha Martin Limited (India)
voestalpine Group (Austria)
Southern Steel Berhad Group (Malaysia)
Mechel (Russia)
ArcelorMittal (Luxembourg)
Zhangjiagang Xinhua Prestressing Steel Strand Co.
Ltd (China)
and The Siam Industrial Wire Company Limited (Thailand)
Please note:The single user license is non-downloadable and non-printable. Global Site license allows these actions.
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.
Download eBook