Press release
Global Prestressed Concrete Strand (PC Strand) Market will reach 4030 million US$ by the end of 2025
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Prestressed steel strand is a type of stranded cable composed of 2, 3, 7 or more high strength steel wires, and the stress relief force processing (processing), suitable for prestressed concrete or similar purposes, such as large-span bridges on railway and highway, flyover, LNG tanks, multi-storey industrial buildings, stadiums, nuclear reactors and etc.
China `s sales volum accounted for the highest market share (64.70%) in 2015, followed by the United States. China is expected to maintain the leading position for the next five years owing to the increased construction of infrastructural facilities and the financial support from the governments around the world.
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The global prestressed concrete strand (PC Strand) industry mainly concentrates in China, the United States, and GCC. The global leading players in this market are Insteel, Tata Iron and Steel, Tycsa PSC, Kiswire, Xinhua Metal, Tianjin Metallurgical, Hengli, Hengxing, Fasten and Huaxin. In China the market leaders are Xinhua Metal, Tianjin Metallurgical, Hengli, Hengxing, Fasten and Huaxin.
The prestressed concrete strand (PC Strand) is mainly used by Transport, Building, Enegy and Water Conservancy. The main application of prestressed concrete strand (PC Strand) is Transport and Building .
Despite the presence of competition problems, due to the construction of infrastructural facilities investment plan of each country, Africa, India and some emerging markets still have great potential for growth in the future. Due to the clear global recovery trend, investors are still optimistic about this area, investors are still optimistic about this area, the future will still have more new investment enter the field. In the next five years, the consumption volume will keep slow increasing, as well as the consumption value.
The global Prestressed Concrete Strand (PC Strand) market is valued at 3550 million US$ in 2017 and will reach 4030 million US$ by the end of 2025, growing at a CAGR of 1.6% during 2018-2025.
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