Prestressed Concrete (PC) Wire and Strand Market Demand, Size, Industry Share and Recent Trends, Report till 2027

The Global Prestressed Concrete (PC) Wire and Strand Market is projected to reach USD 260.8 million in 2027. Countries around the world are investing heavily in the infrastructure sector. This along with growth of offsite construction and rapid urbanization taking place around the world is expected to drive the market’s growth during the forecast period.

Governments around the world are aiming to strengthen their infrastructure and allocating a huge amount of budgets in this sector. This is leading to large scale construction activities. Apart from this rapid urbanization is taking place, which is leading to the development of massive real estate projects, flyovers or bridges, malls, hotels, hospitals. These factors are having a massive positive impact on the market under study. The consumption of products is continuously increasing resulting in huge amount of revenue. As a result, several startups are also entering the market in order to cater to the continuously growing demands from the end-use industries. Changing lifestyle of people, an increase in the average disposable income of people, is also acting as catalysts in the market’s growth.

Although the prospects of the industry are quite bright, there are some factors that are creating concerns for the major manufacturers. A slowdown in global trade has been noticed across many sectors in recent times, and the situation has become worse after the outbreak of the COVID-19 pandemic. Thus major players in the market are not making expected profits, and this may be quite discouraging for them. Apart from this, the demand for steel is also decreasing, and this is affecting the market’s growth since steel is the most important raw material used in manufacturing the products. These factors are predicted to restrain the market’s growth during the forecast period.

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Key players in the market include ArcelorMittal, Bekaert, FAPRICELA, Henan Hengxing Science & Technology Co. Ltd, Shagang Group, Insteel, Kiswire Limited, Sumiden Wire, Usha Martin and The Siam Industrial Wire Company Limited, among others.

Further key findings from the report suggest

The galvanized products segment is expected to steadily increase its market share during the forecast period since it finds its usage in construction of tall buildings. The consumption from real estate sector would primarily drive the segment’s growth.
Medium Carbon Content products have low market share but is expected to witness slight growth due to its usage in architectural building components.
Bridges & Flyovers application segment is expected to be the fastest growing segment due to rapid urbanization across the world. PC strands are extensively used in various components of flyovers.
USA would act as the primary consumer of the market products in the North American region due to increasing investments in infrastructure sector as well as rapid urbanization.
In May 2020, ArcelorMittal has received a loan of EUR 75 million for two projects Steelanol and Torero which are meant for aimed at reducing CO2 emissions by 350,000 tonnes per year.
In March 2019, Bekaert expressed its intentions of restructuring its activities in Belgium. Recently the company has developed Dramix steel fiber concrete reinforcement solutions and would showcase its strengths in the TurkeyBuild2020.
FAPRICELA has recently launched products like PC STRAND COMPACTED 7 WIRES, PC STRAND 3 WIRES, PC STRAND 2 WIRES, HDPE COATED SMOOTH STRAND amongst others.
There have been a number of M&A in the industry like Insteel Wire Products company acquiring certain assets of Ortiz Engineered Products Inc in 2017, Shagang Group acquiring 24.01% stakes of Global Switch Holdings Ltd in 2019 and Insteel Wire Products Company acquiring all assets of Strand-Tech Manufacturing Inc in 2020.

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The research study includes an in-depth analysis of the market using advanced research methodologies such as SWOT analysis and Porter’s Five Forces analysis. The report further explores the key business players along with their in-depth profiling, product portfolio, and strategic business decisions. The report has been formulated through extensive primary and secondary research and further validated by analysts, industry experts, and market professionals. The report also sheds light on the recent mergers and acquisitions, joint ventures, collaborations, partnerships, and product launches, among others.

Regional analysis covers assessment of import/export, production and consumption ratio, supply and demand, cost, price, estimated revenue and gross margins, and presence of key players in the region. The report also offers insights about revenue growth, market size, market share, technological advancements, and presence of key players in each region.

For the purpose of this report, Reports and Data have segmented into the global Prestressed Concrete (PC) Wire and Strand Market market on the basis of Surface Coatings, Carbon Content, Application and region:

Surface Coatings Outlook (Revenue, USD Billion; 2020-2027)

Uncoated
Galvanized
Epoxy
Others

Carbon Content Outlook (Revenue, USD Billion; 2020-2027)

High Carbon Content
Medium Carbon Content
Low Carbon Content

Application Outlook (Revenue, USD Billion; 2020-2027)

Bridges & Flyovers
Buildings
Railroad Industry
Construction Equipment
Others

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Regional Bifurcation of the Prestressed Concrete (PC) Wire and Strand Market Includes:

North America (U.S., Canada, Mexico)
Europe (U.K., Italy, Germany, France, Rest of Europe)
Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
Latin America (Chile, Brazil, Argentina, Rest of Latin America)
Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)

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