Prestressed Concrete (PC) Wire and Strand Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

Prestressed Concrete (PC) Wire and Strand Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

Report Format: PDF+Excel | Report ID: SR112023A6444
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Market Overview:

The global prestressed concrete (PC) wire and strand market size reached US$ 926 Million in 2022. Looking forward, IMARC Group expects the market to reach US$ 1,185 Million by 2028, exhibiting a growth rate (CAGR) of 4% during 2023-2028.

Prestressed concrete (PC) wire and strand is a medium of attaining force that assists in neutralizing external forces, including stress and compression, and provides optimal strength to buildings. It offers stability and resistance to extreme temperature, abrasion, water, lubricity, and crack. It is widely used in manufacturing precast concrete elements and poles, rock and soil anchors. At present, PC wire and strand is gaining immense traction in the construction industry across the globe.

Global Prestressed Concrete (PC) Wire and Strand Market

Prestressed Concrete (PC) Wire and Strand Market Trends:

The growing global population is resulting in the increasing construction of residential and commercial buildings. This represents one of the key factors positively influencing the market. In addition, rapid urbanization, industrialization, and a considerable rise in remodeling and renovation activities are catalyzing the demand for PC wires and strands across the globe. They are used for constructing various components, including segmental blocks, piers, and foundations, for providing stability to the structure. Along with this, the escalating demand for housing services and the growing business activities are increasing product sales. The rapid construction of flyovers, bridges, hospitals, hotels, auditoriums, heritage sites, shopping malls, and other public structures is also offering lucrative growth opportunities to manufacturers. Apart from this, the increasing popularity of prefab or offsite construction and the rising utilization of PC in crane beams, cement poles, multi-factory frameworks, and railway sleepers is offering a favorable market outlook. In line with this, continuous investments by governments of various countries in real estate and mega infrastructure projects to support economic growth are driving the market. Furthermore, leading market players are focusing on improving manufacturing technologies and introducing advanced product variants with optimal efficiency and strength, which is expected to propel market growth.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global prestressed concrete (PC) wire and strand market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on coating type, type and application.

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
     

Breakup by Region:

  • North America
    • United States
    • Canada
  • Asia-Pacific
    • China
    • Japan
    • India
    • South Korea
    • Australia
    • Indonesia
    • Others
  • Europe
    • Germany
    • France
    • United Kingdom
    • Italy
    • Spain
    • Russia
    • Others
  • Latin America
    • Brazil
    • Mexico
    • Others
  • Middle East and Africa
     

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players being 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.

Report Coverage:

Report Features Details
Base Year of the Analysis 2022
Historical Period 2017-2022
Forecast Period 2023-2028
Units US$ Million
Segment Coverage Coating Type, Type, Application, Region
Region Covered  Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered 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.
Customization Scope 10% Free Customization
Report Price and Purchase Option Single User License: US$ 2499
Five User License: US$ 3499
Corporate License: US$ 4499
Post-Sale Analyst Support 10-12 Weeks
Delivery Format PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

Key Questions Answered in This Report

The global Prestressed Concrete (PC) wire and strand market was valued at US$ 926 Million in 2022.

We expect the global Prestressed Concrete (PC) wire and strand market to exhibit a CAGR of 4% during 2023-2028.

The rising number of remodeling and renovation activities, along with the increasing demand for Prestressed Concrete (PC) wire and strand for constructing various components, such as segmental blocks, piers, and foundations, to provide stability to the structure, is primarily driving the global Prestressed Concrete (PC) wire and strand market.

The sudden outbreak of the COVID-19 pandemic had led to the implementation of stringent lockdown regulations across several nations, resulting in the temporary halt in numerous construction and renovation activities, thereby negatively impacting the global market for Prestressed Concrete (PC) wire and strand.

Based on the coating type, the global Prestressed Concrete (PC) wire and strand market has been divided into uncoated PC strand, galvanized PC strand, epoxy coated PC strand, and others. Among these, uncoated PC strand currently exhibits a clear dominance in the market.

Based on the application, the global Prestressed Concrete (PC) wire and strand market can be categorized into bridges and buildings. Currently, bridges account for the majority of the global market share.

On a regional level, the market has been classified into North America, Asia-Pacific, Europe, Latin America, and Middle East and Africa, where Asia-Pacific currently dominates the global market.

Some of the major players in the global Prestressed Concrete (PC) wire and strand market include 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.

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Prestressed Concrete (PC) Wire and Strand Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028
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