Prestressed Concrete Wire & Strand Market To Rake In Nearly USD 4.2 Billion By 2025: Grand View Research ,Inc.

July 04 23:45 2019
Prestressed Concrete Wire & Strand Market To Rake In Nearly USD 4.2 Billion By 2025: Grand View Research ,Inc.

Grand View Research, Inc. – Market Research And Consulting.
According to report published by Grand View Research,The prestressed concrete (PC) wire and strand are largely used in the construction processes for bridges, arches, tunnels, buildings, road slabs, and others. The growth in the construction sector is directly linked with the growth of the market.

According to a report, “ Prestressed Concrete (PC) Wire and Strand Market Analysis, By Surface Coatings (Uncoated, Galvanized, Epoxy), By Application (Bridges, Buildings), By Region, And Segment Forecasts, 2018 – 2025 ”, published by Grand View Research, Inc.,The global prestressed concrete (PC) wire and strand market value is expected to reach USD 4.2 billion by 2025, according to a new report by Grand View Research, Inc. Prefab or offsite construction is anticipated to propel the market growth.Major market players are implementing growth through acquisition strategy to increase their market presence. The market is observing rise in strategic mergers among key industry players. For instance, the key mergers of PC wire and strand market are Bekaert and Ontario Teachers advanced cord manufacturing agreement and Insteel take-over of American Spring Wire’s wire and strand segment.

Major Key Players of Prestressed Concrete Wire & Strand Market :

Key players include ArcelorMittal, Bekaert, Henan Hengxing Science&Technology Co., Ltd, Insteel, KISWIRE LTD., SHAGANG GROUP, Sumiden Wire, The Siam Industrial Wire Company Limited, and Usha Martin.

 

U.S. prestressed concrete wire and strand market by application, 2014 – 2025 (USD Million)

U.S. prestressed concrete wire and strand market

 

Further key findings from the report suggest:

  • The global demand for prestressed concrete (PC) wire and strand market was USD 3.4 billion in 2016 and is expected to grow at a CAGR of around 2.5% from 2017 to 2025 to exceed a total revenue of over USD 4.2 billion by 2025.

  • Uncoated PC strand was the biggest segment in the market accounting for over 37% of the total revenue in 2016

  • Bridges was the largest application segment with a demand of over USD 1 billion in 2016, growing at a CAGR of xx%

  • The APAC is expected to be the largest regional market with a projected CAGR of 2.8% over the forecast period

  • The industry is dominated by a few multinational corporations such as ArcelorMittal, KISWIRE LTD., Insteel, and Bekaert. Companies are moving towards strategic mergers and acquisition to increase their international presence and gain significant market share.

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Global prestressed concrete (PC) wire and strand market, by region, 2016 (%)

Global prestressed concrete wire and strand market

Regional Scope:

The APAC region is likely to dominate the global market. The region is expected to grow from 69.3% in 2016 to 70.8% by 2025. The region’s growth is largely driven by the construction sector of the countries such as China, India, Japan, Malaysia, and others. Furthermore, governments of the developing countries are reforming their policies in order to attract foreign investment in their infrastructure sector. With the growth in foreign invesment in the infrastructure sector, the market in the region is likely to observe robust demand over the forecast period.

The top locations for the infrastructure investment includes Singapore, Canada, Qatar, UAE, Norway, Sweden, Malaysia, the U.S., and UK. The growing demand for the infrastructure is likely to drive the product demand over the forecast period.

Application Of Prestressed Concrete Wire & Strand Market :

The primary application of the PC product is in the construction of bridges and buildings. The product is also used in the construction of tunnels, roads, railway sleepers, stadiums, and others. However, the segmental structure used in the bridge construction is one of the major application of the product. The bridges segment is likely to dominate the market over the forecast period. The segment is expected to account for 48.6% of the global market by 2025.

The developing countries such as India, Malaysia, South Africa, and others are investing in various bridge projects to connect the remote areas of the country to urban areas. As per the Indian officials, the country needs an investment of USD 646 billion over the next five years. Most of this investment is anticipated to be scattered in the power, roads, and urban infrastructure sector. With growing demand for infrastructure in the developing countries, the market is likely to observe a stable demand from the bridge segment over the forecast period.

The building segment was accounted for 31.7% in 2016 of the global market. The rising popularity of high-rise construction is likely to drive the industry growth over the forecast period. The growing real estate sector in the developing economies is likely to be the key catalyst for the segment growth. Furthermore, increasing urbanization in the developing economies is likely to provide strong demand for the building segment.

Grand View Research has segmented the global prestressed concrete (PC) wire and strand market by surface coatings, application, and region:

Surface Coatings Outlook (Volume, Kilotons, Revenue, USD Million, 2014 – 2025)

  • Uncoated PC Strand

  • Galvanized PC Strand

  • Epoxy Coated PC Strand

  • Others

Application Outlook (Volume, Kilotons, Revenue, USD Million, 2014 – 2025)

  • Bridges

  • Buildings

  • Other

Regional Outlook (Volume, Kilotons, Revenue, USD Million, 2014 – 2025)

  • North America

    • U.S.

    • Canada

  • Europe

    • Germany

    • France

    • UK

  • Asia Pacific

    • Japan

    • China

    • India

  • Latin America

    • Brazil

    • Mexico

  • Middle East & Africa

    • Saudi Arabia

    • UAE

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About Grand View Research

Grand View Research provides syndicated as well as customized research reports and consulting services on 46 industries across 25 major countries worldwide. This U.S.-based market research and consulting company is registered in California and headquartered in San Francisco. Comprising over 425 analysts and consultants, the company adds 1200+ market research reports to its extensive database each year. Supported by an interactive market intelligence platform, the team at Grand View Research guides Fortune 500 companies and prominent academic institutes in comprehending the global and regional business environment and carefully identifying future opportunities.

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