Global Prestressed Steel Wire and Strands Market Overview
According to SPER Market Research, the Global Prestressed Steel Wire and Strands Market is estimated to reach USD 1.404 billion by 2032 with a CAGR of 4.25%.
High-strength steel wires make up prestressed steel wires and strands, which are then stabilized or relieved of tension for use in prestressed applications. Some of the key characteristics of prestressed steel wire and strands include high tensile strength, constant modulus of elasticity, low relaxation, stress-relieved, stable construction, low stress, reducing distortion and construction weight, high abrasion resistance, material savings, significant water resistance, as well as stiffness. These are primarily used for the reinforcement of a variety of prestressed structures, including silos, major bridges, dams, buildings, foundations, and floor slabs as well as stadiums, pre-cast segments, airport hangars, anchorages, multi-story industrial buildings, crane beams, and buildings with a lot of concrete. They are employed in the building of poles, water towers, and highways in civil engineering, as well as in energy source marine transportation, water control initiatives, rock and earth anchoring components, and housing structures for a higher tensile force.
The accelerating rate of industrialisation is advantageous for the global market. The Loma Linda University Medical Center in California, Tisch Hospital in New York, and Lucile Packard Children's Hospital at Stanford are just a few of the significant initiatives underway in the United States. Various columns and slabs of these buildings are constructed using pre-stressed steel wires and strands. The businesses are concentrating on creating a production environment that is technologically advanced. Since they only require raw materials made of steel, such as bars, rods, ropes, and wires, the majority of these businesses also serve as suppliers. The companies' surviving production technologies are primarily proprietary. As a result, the market is operating in an environment that is forward-integrated. An increase in infrastructure spending is being caused by the world's aging buildings and infrastructure. Long-term, the increase in infrastructure spending will probably be beneficial for the prestressed steel wire and strands industry.
Impact of COVID-19 on the Global Prestressed Steel Wire and Strands Market
The COVID-19 epidemic has had a significant impact on the steel sector. Numerous nations had to go into lockdown in order to contain the growing number of cases due to the pandemic scenario. The result has been a disruption in the demand and supply chains, which has had an impact on the global market. Due of the pandemic crisis, several operations, manufacturing facilities, and infrastructure projects had to be suspended.
The COVID-19 epidemic and fluctuating raw material prices have slowed the global market's expansion. On the plus side, things are beginning to return to normal, which bodes well for future market growth. Additionally, the resumption of the global recycling industry and the development of vaccinations against the novel coronavirus would lead to the full-scale restart of the prestressed steel wire and strands business.
Scope of the Report:
| Report Metric | Details |
| Market size available for years | 2019-2032 |
| Base year considered | 2021 |
| Forecast period | 2022-2032 |
| Segments covered | By Product, By Coating Type, By Application
|
| Regions covered | Asia-Pacific, Europe, Middle East and Africa, North America, Latin America
|
| Companies Covered | Baekert, CELIK HALAT ve Tel Sanayii A.S, DNA PC Strand, DWK Drahtwerke Koln GmbH, FAPRICELA – Industria de Trefilaria, Henan Hengxing Science & Technology Co. Ltd., Hjulsbro Steel AB, Hubei Fuxing New Material Technology Co. Ltd., Insteel Industries Inc., KISWIRE Ltd., Maklada , NEDRI Spanstaal BV
|
Target Audience:
- Construction Companies
- Infrastructure Development Agencies
- Manufacturers of Prestressed Concrete Products
- Steel wire and strand manufacturers
- Distributors and Suppliers
- Research and Development Organizations
Global Prestressed Steel Wire and Strands Market Segmentation:
1. By Product:
2. By Coating Type:
- Epoxy Coated
- Galvanized
- HDPE Coated
- Uncoated
3. By Application:
- Bridges & Flyovers
- Construction Equipment
- Energy
- Railroad Industry
4. By Region:
- Asia-Pacific
- Europe
- Middle East & Africa
- North America
- Latin America
Key Topics Covered in the Report:
- Size of Global Prestressed Steel Wire and Strands Market (FY’2019-FY’2032)
- Overview of Global Prestressed Steel Wire and Strands Market
- Segmentation of Global Prestressed Steel Wire and Strands Market By Product (Strand, Wire)
- Segmentation of Global Prestressed Steel Wire and Strands Market By Coating Type (Epoxy Coated, Galvanized, HDPE Coated, Uncoated, Others)
- Segmentation of Global Prestressed Steel Wire and Strands Market By Application (Bridges & Flyovers, Construction Equipment, Energy, Railroad Industry, Others)
- Statistical Snap of Global Prestressed Steel Wire and Strands Market
- Global Prestressed Steel Wire and Strands Market Growth Analysis
- Problems and Challenges in Global Prestressed Steel Wire and Strands Market
- Global Prestressed Steel Wire and Strands Market Competitive Landscape
- Impact of COVID-19 and Demonetization on Global Prestressed Steel Wire and Strands Market
- Details on Recent Investment in Global Prestressed Steel Wire and Strands Market
- Competitive Analysis of Global Prestressed Steel Wire and Strands Market
- Major Players in the Global Prestressed Steel Wire and Strands Market
- SWOT Analysis of Global Prestressed Steel Wire and Strands Market
- Global Prestressed Steel Wire and Strands Market Future Outlook and Projections (FY’2019-FY’2032)
- Recommendations from Analyst
1. Introduction
1.1. Scope of the report
1.2. Market segment analysis
2. Research Methodology
2.1 Research data source
2.1.1 Secondary data
2.1.2 Primary data
2.1.3 SPER’s internal database
2.1.4 Premium insight from KOL’s
2.2 Market size estimation
2.2.1 Top-down and Bottom-up approach
2.3 Data triangulation
3. Executive Summary
4. Market Dynamics
4.1. Driver, Restraint, Opportunity and Challenges analysis
4.1.1 Drivers
4.1.2 Restraints
4.1.3 Opportunities
4.1.4 Challenges
4.2. COVID-19 Impacts of the Global Prestressed Steel Wire and Strands Market
5. Market variables and outlook
5.1. SWOT analysis
5.1.1 Strengths
5.1.2 Weaknesses
5.1.3 Opportunities
5.1.4 Threats
5.2. PESTEL analysis
5.2.1 Political landscape
5.2.2 Economic landscape
5.2.3 Social landscape
5.2.4 Technological landscape
5.2.5 Environmental landscape
5.2.6 Legal landscape
5.3. PORTER’S five forces analysis
5.3.1 Bargaining power of suppliers
5.3.2 Bargaining power of Buyers
5.3.3 Threat of Substitute
5.3.4 Threat of new entrant
5.3.5 Competitive rivalry
5.4. Heat map analysis
6. Competitive Landscape
6.1 Global Prestressed Steel Wire and Strands Manufacturing Base Distribution, Sales Area, Product Type
6.2 Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in Global Prestressed Steel Wire and Strands Market
7. Global Prestressed Steel Wire and Strands Market, By Product, 2019-2032 (USD Million)
7.1 Strand
7.2 Wire
8. Global Prestressed Steel Wire and Strands Market, By Coating Type, 2019-2032 (USD Million)
8.1 Epoxy Coated
8.2 Galvanized
8.3 HDPE Coated
8.4 Uncoated
8.5 Others
9. Global Prestressed Steel Wire and Strands Market, By Application,2019-2032 (USD Million)
9.1 Bridges & Flyovers
9.2 Construction Equipment
9.3 Energy
9.4 Railroad Industry
9.5 Others
10. Global Prestressed Steel Wire and Strands Market, By Region, 2019-2032 (USD Million)
10.1 Global Prestressed Steel Wire and Strands Market and Market Share by Region (2019-2025)
10.2 Global Prestressed Steel Wire and Strands Market and Market Share by Region (2026-2032)
10.3 Asia-Pacific
10.3.1 Australia
10.3.2 China
10.3.3 India
10.3.4 Japan
10.3.5 South Korea
10.3.6 Rest of Asia-Pacific
10.4 Europe
10.4.1 France
10.4.2 Germany
10.4.3 Italy
10.4.4 Spain
10.4.5 United Kingdom
10.4.6 Rest of Europe
10.5 Middle East and Africa
10.5.1 Kingdom of Saudi Arabia
10.5.2 United Arab Emirates
10.5.3 Rest of Middle East & Africa
10.6 North America
10.6.1 Canada
10.6.2 Mexico
10.6.3 United States
10.7 Latin America
10.7.1 Argentina
10.7.2 Brazil
10.7.3 Rest of Latin America
11. Company Profiles
11.1 Baekert
11.1.1 Company details
11.1.2 Financial outlook
11.1.3 Product summary
11.1.4 Recent developments
11.2 CELIK HALAT ve Tel Sanayii A.S
11.2.1 Company details
11.2.2 Financial outlook
11.2.3 Product summary
11.2.4 Recent developments
11.3 DNA PC Strand
11.3.1 Company details
11.3.2 Financial outlook
11.3.3 Product summary
11.3.4 Recent developments
11.4 DWK Drahtwerke Koln GmbH
11.4.1 Company details
11.4.2 Financial outlook
11.4.3 Product summary
11.4.4 Recent developments
11.5 FAPRICELA – Industria de Trefilaria
11.5.1 Company details
11.5.2 Financial outlook
11.5.3 Product summary
11.5.4 Recent developments
11.6 Henan Hengxing Science & Technology Co. Ltd.
11.6.1 Company details
11.6.2 Financial outlook
11.6.3 Product summary
11.6.4 Recent developments
11.7 Hjulsbro Steel AB
11.7.1 Company details
11.7.2 Financial outlook
11.7.3 Product summary
11.7.4 Recent developments
11.8 Hubei Fuxing New Material Technology Co. Ltd.
11.8.1 Company details
11.8.2 Financial outlook
11.8.3 Product summary
11.8.4 Recent developments
11.9 Insteel Industries Inc.
11.9.1 Company details
11.9.2 Financial outlook
11.9.3 Product summary
11.9.4 Recent developments
11.10 KISWIRE Ltd.
11.10.1 Company details
11.10.2 Financial outlook
11.10.3 Product summary
11.10.4 Recent developments
11.11 Maklada
11.11.1 Company details
11.11.2 Financial outlook
11.11.3 Product summary
11.11.4 Recent developments
11.12 NEDRI Spanstaal BV
11.12.1 Company details
11.12.2 Financial outlook
11.12.3 Product summary
11.12.4 Recent developments
12. List of Abbreviations
13. Reference Links
14. Conclusion
15. Research Scope
SPER Market Research’s methodology uses great emphasis on primary research to ensure that the market intelligence insights are up to date, reliable and accurate. Primary interviews are done with players involved in each phase of a supply chain to analyze the market forecasting. The secondary research method is used to help you fully understand how the future markets and the spending patterns look likes.
The report is based on in-depth qualitative and quantitative analysis of the Product Market. The quantitative analysis involves the application of various projection and sampling techniques. The qualitative analysis involves primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes are validated through experts opinion. Our research methodology entails an ideal mixture of primary and secondary initiatives.
