Steel Wire Market 2023- Industry Analysis, Market Size, Share, Growth, Trends And Forecast to 2032

The Business Research Company's global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

As per the steel wire market report by The Business Research Company, the growing demand for high-rise buildings is expected to drive the growth of the steel wires market. The materials used for the structural system of high-rise buildings are reinforced concrete and steel. Skyscrapers have a steel frame, while residential blocks are usually constructed of concrete.

The global steel wire market size grew from $89.34 billion in 2022 to $94.16 billion in 2023 at a compound annual growth rate (CAGR) of 5.4%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The steel wire market size is expected to grow to $116.48 billion in 2027 at a CAGR of 5.5%.

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Major competitors in the steel wire market include ArcelorMittal, Nippon Steel, JFE Steel Corporation, Bekaert SA, Tata Steel Limited, Kobe Steel Limited, The Heico Companies, Ferrier Nord, Chung Woo Rope Co. Ltd., Fasten Group, Gustav Wolf GmbH, Bharat Wire Ropes Limited., Certex Svenska AB, DaeChang Steel, Kiswire Inc., Mahadev Industries, Mazzella Companies, Shinko Wire Company Ltd., SWR Ltd., Metallia U.S.A. LLC, Republic Steel, King Steel, Cascade Steel Rolling Mills Inc., North American Stainless, Global Steel Wire, Keystone Consolidated Industries Inc., Greenmount Corporation., BRUGG Lifting AG, Tokyo Rope Mfg. Co, and Cortland Limited.

The steel wire market is segmented -
• By Type: Carbon Steel, Alloy Steel

• By Thickness: 0.01 mm to 0.8 mm, 0.8 mm to 1.6 mm, 1.6 mm to 4 mm, 4 mm and above

• By Form: Non Rope, Rope

• By End-use: Construction, Automotive, Energy, Agriculture, Industrial

• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Asia-Pacific was the largest region in the steel wire market.

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The steel wires refer to steel products such as tubes and pipes from iron and steel, shapes drawn through rolling or drawing of purchased iron or steel, and draw steel wire. Steel wire manufacturing consists of different sizes, diameters, and strengths that are used for the purpose and survival of several types of equipment.

The Table Of Content For The Steel Wire Market Include:
1. Executive Summary
2. Steel Wire Market Characteristics
3. Steel Wire Market Trends And Strategies
4. Steel Wire Market - Macro Economic Scenario
5. Steel Wire Market Size And Growth
……
26. Africa Steel Wire Market
27. Steel Wire Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Steel Wire Market
29. Steel Wire Market Future Outlook and Potential Analysis
30. Appendix

The "Global Steel Wire Market Report 2023" from The Business Research Company is a comprehensive report that covers every facet of a market covering over 60 geographies and over 2500 market segments. The regional and country breakdowns section analyzes the market in each geography and the market size by region and country. Furthermore, it assesses the market's historical and projected growth and identifies significant trends and strategies that companies can leverage for business expansion.

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