Dublin, Jan. 30, 2023 (GLOBE NEWSWIRE) -- The "Prestressed Concrete (PC) Wire and Strand Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027" report has been added to ResearchAndMarkets.com's offering.
The global prestressed concrete (PC) wire and strand market size reached US$ 883.63 Million in 2021. Looking forward, the publisher expects the market to reach US$ 1,142.15 Million by 2027, exhibiting a CAGR of 4.37% during 2021-2027.
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.
| Report Attribute | Details |
| No. of Pages | 143 |
| Forecast Period | 2021 - 2027 |
| Estimated Market Value (Million) in 2021 | Million883.63 Million |
| Forecasted Market Value (Million) by 2027 | Million1142.15 Million |
| Compound Annual Growth Rate | 4.3% |
| Regions Covered | Global |
Key Market Segmentation:
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
Key Questions Answered in This Report:
- How has the global prestressed concrete (pc) wire and strand market performed so far and how will it perform in the coming years?
- What has been the impact of COVID-19 on the global prestressed concrete (pc) wire and strand market?
- What are the key regional markets?
- What is the breakup of the market based on the coating type?
- What is the breakup of the market based on the type?
- What is the breakup of the market based on the application?
- What are the various stages in the value chain of the industry?
- What are the key driving factors and challenges in the industry?
- What is the structure of the global prestressed concrete (pc) wire and strand market and who are the key players?
- What is the degree of competition in the industry?
Key Topics Covered:
1 Preface
2 Scope and Methodology
3 Executive Summary
4 Introduction
5 Global Prestressed Concrete (PC) Wire and Strand Market
6 Market Breakup by Coating Type
7 Market Breakup by Type
8 Market Breakup by Application
9 Market Breakup by Region
10 SWOT Analysis
11 Value Chain Analysis
12 Porters Five Forces Analysis
13 Price Analysis
14 Competitive Landscape
Companies Mentioned
- AL ITTEFAQ STEEL PRODUCTS CO.
- ArcelorMittal S.A.
- DWK Drahtwerk Koln GmbH
- FAPRICELA
- Guizhou Wire Rope Incorporated Company
- Henan Hengxing Science & Technology Co. Ltd.
- Insteel Engineers Pvt Ltd.
- Quantum Steel
- Southern Steel Group
- Sumiden Wire
- Usha Martin Ltd.
For more information about this report visit https://www.researchandmarkets.com/r/hk2xyj
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