Prestressed Concrete (PC) Wire and Strand Market Forecast 2022, Size, Share and Report Till 2027

Global prestressed concrete (PC) wire and strand market  Overview (2022-2027)

• Historical Market Size (2021):US$ 883.63 Million
• Forecast CAGR (2022-2027): 4.20%
• Forecast Market Size (2027): US$ 1,142.15 Million

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.

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Report Segmentation:

The report has segmented the market into the following categories:

Breakup by Coating Type:

• Uncoated PC Strand
• Galvanized PC Strand
• Epoxy Coated PC Strand
• Others

Breakup by Type:

• Prestressed PC Steel Wire
• Plain PC Wire
• Indented PC Wire
• Spiral Ribbed PC Wire

Breakup by Application:

• Bridges
• Buildings

By 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 Analysis
• Market Drivers and Success Factors
• SWOT Analysis
• Value Chain
• Comprehensive Mapping of the Competitive Landscape

If 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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