The global prestressed concrete (PC) wire and strand market was valued at $5.21 Billion in 2022 and is projected to reach $9.08 Billion by 2032, registering a CAGR of 5.6% from 2023 to 2032. Prestressed concrete (PC) wire and strand are innovative construction materials that have gained popularity in recent years for their application in prestressed concrete structures. These materials comprise two or more steel wires intertwined with each other. These wires are pre-tensioned or post-tensioned within the concrete component to counterbalance the tensile forces that the structure may encounter. 
The prestressed concrete (PC) wire and strand market is witnessing an Increased demand owing to a rise in construction activities, driven by the rise in population, and urbanization. PC strands offer superior strength and Increased load-bearing capacity compared to prestressed concrete wire and hence they are used in larger-scale applications like bridges, beams, and slabs.However, the fluctuating cost of raw materials used for making prestressed concrete (PC) wire and strand is expected to have a negative impact on market growth.
Furthermore, the price of oil & gas, construction materials, as well the price of raw materials are experiencing Increased volatility across the world, due to inflation mainly driven by Ukraine-Russia war. This has led to slow-paced growth of the prestressed concrete (PC) wire and strand market and its related industries.
The prestressed concrete (PC) wire and strand market is segmented on the basis of type, application, end-user, and region. By type, the market is bifurcated divided into 3 wire strand, 7 wire strand, and others. Depending upon the By application, the market is categorized into pre-tensioning, bonded post-tensioning, and unbonded post-tensioning. On the basis of By end user, it is the market is divided bifurcated into building construction, and infrastructure. Region wise, it the market is analyzed across North America (U.S., Canada, and Mexico), Europe (Germany, France, Italy, UK, and rest of Europe), Asia-Pacific (China, India, Japan, South Korea, and rest of Asia-Pacific), and LAMEA (Latin America, Middle East, and Africa).
The prestressed concrete (PC) wire and strand market is witnessing an Increased demand owing to a rise in construction activities, driven by the rise in population, and urbanization. PC strands offer superior strength and Increased load-bearing capacity compared to prestressed concrete wire and hence they are used in larger-scale applications like bridges, beams, and slabs.However, the fluctuating cost of raw materials used for making prestressed concrete (PC) wire and strand is expected to have a negative impact on market growth.
Furthermore, the price of oil & gas, construction materials, as well the price of raw materials are experiencing Increased volatility across the world, due to inflation mainly driven by Ukraine-Russia war. This has led to slow-paced growth of the prestressed concrete (PC) wire and strand market and its related industries.
The prestressed concrete (PC) wire and strand market is segmented on the basis of type, application, end-user, and region. By type, the market is bifurcated divided into 3 wire strand, 7 wire strand, and others. Depending upon the By application, the market is categorized into pre-tensioning, bonded post-tensioning, and unbonded post-tensioning. On the basis of By end user, it is the market is divided bifurcated into building construction, and infrastructure. Region wise, it the market is analyzed across North America (U.S., Canada, and Mexico), Europe (Germany, France, Italy, UK, and rest of Europe), Asia-Pacific (China, India, Japan, South Korea, and rest of Asia-Pacific), and LAMEA (Latin America, Middle East, and Africa).
Competition Analysis
Competitive analysis and profiles of the major players in the prestressed concrete (PC) wire and strand market are provided in the report. Major companies in the report Include ArcelorMittal, Bekaert NV, Insteel Industries, Inc., Davis Wire Industries Ltd., Kataria Group, Miki Steel Works Pvt. Ltd., KISWIRE LTD, Tata Steel Limited, TMG Global Pte Ltd., and Sumitomo Electric Industries, Ltd. (Sumiden Wire).Key benefits for stakeholders
- The report provides an extensive analysis of the current and emerging prestressed concrete (PC) wire and strand market trends and dynamics.
- In-depth market analysis is conducted by constructing market estimations for the key market segments between 2022 and 2032.
- Extensive analysis of the prestressed concrete (PC) wire and strand market is conducted by following key product positioning and monitoring of the top competitors within the market framework.
- A comprehensive analysis of all regions is provided to determine the prevailing opportunities.
- The global prestressed concrete (PC) wire and strand market forecast analysis from 2023 to 2032 is Included in the report.
Key Market Players
within the prestressed concrete (PC) wire and strand market are profiled in this report and their strategies are analyzed thoroughly, which helps understand the competitive outlook of the prestressed concrete (PC) wire and strand industry.Key Market Segments
By Type
- Other
- 3 wire strand
- 7 wire strand
By Application
- Pre-tensioning
- Bonded post-tensioning
- Unbonded post-tensioning
By End user industry
- Building construction
- Infrastructure
By Region
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- France
- UK
- Italy
- Rest of Europe
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Rest of Asia-Pacific
- LAMEA
- Latin America
- Middle East
- Africa
Key Market Players
- ArcelorMittal
- Davis Wire Industries Ltd.
- Insteel Industries, Inc.
- Kataria Group
- Kiswire Co. Ltd.
- Miki Steel Works Pvt. Ltd.
- NV Bekaert SA
- Sumitomo Electric Industries, Ltd. (Sumiden Wire)
- Tata Steel Limited
- TMG Global Pte Ltd.
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Table of Contents
CHAPTER 1: INTRODUCTION
CHAPTER 2: EXECUTIVE SUMMARY
CHAPTER 3: MARKET OVERVIEW
CHAPTER 4: PRESTRESSED CONCRETE (PC) WIRE AND STRAND MARKET, BY TYPE
CHAPTER 5: PRESTRESSED CONCRETE (PC) WIRE AND STRAND MARKET, BY APPLICATION
CHAPTER 6: PRESTRESSED CONCRETE (PC) WIRE AND STRAND MARKET, BY END USER INDUSTRY
CHAPTER 7: PRESTRESSED CONCRETE (PC) WIRE AND STRAND MARKET, BY REGION
CHAPTER 8: COMPETITIVE LANDSCAPE
CHAPTER 9: COMPANY PROFILES
List of Tables
List of Figures
Executive Summary
According to a new report, titled, 'Prestressed Concrete (PC) Wire and Strand Market,' The prestressed concrete (pc) wire and strand market was valued at $5.2 billion in 2022, and is estimated to reach $9.1 billion by 2032, growing at a CAGR of 5.6% from 2023 to 2032. Prestressed concrete (PC) wire and strands encompass a diverse selection of high-strength steel wires and strands. These materials are created by intertwining multiple wires together. They are commonly employed in the construction of prestressed concrete structures. These wires and strands enhance the strength and longevity of concrete components with long spans.The global prestressed concrete (PC) wire and strand market is witnessing a rapid growth mainly owing to rapid growth of infrastructure industry in developing economies, advantages of prestressed concrete, and increase in urbanization and population growth. Developing economies such as India, China, Vietnam, Brazil, South Africa, and others are witnessing a surge in the development of infrastructure such as bridges, tunnels, vertical parking lots, and many others in recent years. This is mostly attributed to rapid urbanization, and population growth, including rapid economic growth in these countries. For instance, the Indian Railways has undertaken a bridge construction project on the Chenab River in the Reasi district of Jammu & Kashmir, which is still under construction. Moreover, in January 2023, the Chinese government began the construction of the Husong High-speed Road project. This road will link Songjiang and Hongqiao International Airport and Hongqiao Railway Station and is expected to be completed by 2027. This road will be having many elevated portions, supported by columns. Furthermore, according to Statista, the number of road bridges in China increased from 658,100 in 2010, to 961,100 in 2021, marking an increase of 46%. Similarly, other developing countries are also investing in bridges, tunnels, elevated highways, and others. Largely such projects are supported and funded by various public-private partnerships (PPP). These partnerships not only bring in the capital but also bring expertise in the construction field, including the use of prestressed concrete. Prestressed concrete is a critical construction technique in the construction of infrastructure projects, owing to its high strength, durability, and versatility. Utilization of prestressed concrete facilitates the rapid completion of projects, reduced maintenance costs, and increased the overall lifespan of infrastructure. Furthermore, one of the unique characteristics of prestressed concrete is its ability to span over longer distances without requiring intermediate supports. Thus rise in infrastructural development, and the favorable advantages of prestressed concrete are driving the demand for prestressed concrete (PC) wire and strand.
Technological advancements in the manufacturing of prestressed concrete (PC) wire and strand are revolutionizing the construction industry, and enhancing the quality, efficiency, and reliability of prestressed concrete structures. In recent times, the advancements in metallurgy and material science have led to the development of high-strength materials such as carbon steel, alloy steel, and stainless steel, which is replacing the traditionally used PC wire and strand were made from low-carbon steel. In addition to this, various companies are also offering PC wire and strand coated with advanced coatings and protection systems. Galvanization, epoxy coatings, and corrosion inhibitors are applied to the surface of the wire and strand, providing a barrier against moisture, chemicals, and environmental factors, thereby extending their service life. In addition to this, precision manufacturing, and enhanced quality assurance has also led to the development of superior PC wire and strands. Thus, companies that are adopting newer technological advancements in the manufacturing of PC wire and strand are expected to stand apart from the competition; thereby, providing them with lucrative growth opportunities.
The prestressed concrete (PC) wire and strand market is segmented on the basis of type, application, end-user, and region. By type, the market is bifurcated into 3 wire strand, 7 wire strand, and others. Depending upon the application, the market is categorized into pre-tensioning, bonded post-tensioning, and unbonded post-tensioning. On the basis of end user, it is divided into building construction, and infrastructure. Region wise, it is analyzed across North America (U.S., Canada, and Mexico), Europe (Germany, France, Italy, UK, and rest of Europe), Asia-Pacific (China, India, Japan, South Korea, and rest of Asia-Pacific), and LAMEA (Latin America, Middle East, and Africa).
Competitive analysis and profiles of the major players in the prestressed concrete (PC) wire and strand market are provided in the report. Major companies in the report include ArcelorMittal, Bekaert NV, Insteel Industries, Inc., Davis Wire Industries Ltd., Kataria Group, Miki Steel Works Pvt. Ltd., KISWIRE LTD, Tata Steel Limited, TMG Global Pte Ltd., and Sumitomo Electric Industries, Ltd. (Sumiden Wire).
Key Market Insights
- By type, the 7 wire strand segment was the highest revenue contributor to the market and is estimated to reach $5,075.6 million by 2032, with a CAGR of 5.6%.
- By application, the pre-tensioning segment dominated the global market. However, the bonded post-tensioning segment is expected to be the fastest-growing segment with a CAGR of 5.9% during the forecast period.
- Based on end-user industry, the infrastructure segment was the highest revenue contributor to the market, which is expected to grow at a CAGR of 5.5% during the forecast period.
- Based on region, Asia-Pacific garnered the largest revenue share in 2022, and the LAMEA is anticipated to grow at the highest CAGR of 6.2% during the forecast period.
Methodology
The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.
They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.
They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast
Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 243 |
| Published | June 2023 |
| Forecast Period | 2022 - 2032 |
| Estimated Market Value ( USD | $ 5.21 Billion |
| Forecasted Market Value ( USD | $ 9.08 Billion |
| Compound Annual Growth Rate | 5.7% |
| Regions Covered | Global |
| No. of Companies Mentioned | 10 |
