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Prestressed Concrete (PC) Wire and Strand Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

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    Report

  • 146 Pages
  • October 2023
  • Region: Global
  • IMARC Group
  • ID: 5700926

Quick Summary:

In the rapidly evolving construction industry, the demand for robust and efficient materials is constantly on the rise. One such crucial element is prestressed concrete (PC) wire and strand, a product that's gaining unprecedented traction due to its ability to neutralize external forces such as stress and compression. Offering stability and resistance to a wide range of factors including extreme temperatures, water, and abrasion, PC wire and strand also ensures optimal strength in buildings.

Far-reaching growth factors such as the global surge in construction and renovation activities are significantly augmenting the demand for PC wires and strands. Their integral role in building key components like blocks, piers, foundations, and more for a multitude of structures, from bridges, hospitals, and hotels to auditoriums, shopping malls, and heritage sites, signals a promising market outlook. In addition to this, ongoing investments in real estate and infrastructural projects by governments worldwide are further propelling the market development. The rising trend of prefab constructions coupled with the increasing application of PC in diverse structures like crane beams and railway sleepers also points towards a positive market trajectory. The commitment of leading market players to optimize manufacturing technologies and launch efficient, advanced product variants is poised to fuel further market growth.

Secure your advantage in this expanding market, explore key trends, and gain insights into future trajectories with a meticulously analyzed, comprehensive global prestressed concrete (PC) wire and strand market report.

The global prestressed concrete (PC) wire and strand market size reached US$ 926 Million in 2022. Looking forward, the analyst expects the market to reach US$ 1,185 Million by 2028, exhibiting a growth rate (CAGR) of 4% during 2023-2028.

Prestressed concrete (PC) wire and strand is a medium of attaining force that assists in neutralizing external forces, including stress and compression, and provides optimal strength to buildings. It offers stability and resistance to extreme temperature, abrasion, water, lubricity, and crack. It is widely used in manufacturing precast concrete elements and poles, rock and soil anchors. At present, PC wire and strand is gaining immense traction in the construction industry across the globe.

Prestressed Concrete (PC) Wire and Strand Market Trends:

The growing global population is resulting in the increasing construction of residential and commercial buildings. This represents one of the key factors positively influencing the market. In addition, rapid urbanization, industrialization, and a considerable rise in remodeling and renovation activities are catalyzing the demand for PC wires and strands across the globe. They are used for constructing various components, including segmental blocks, piers, and foundations, for providing stability to the structure. Along with this, the escalating demand for housing services and the growing business activities are increasing product sales. The rapid construction of flyovers, bridges, hospitals, hotels, auditoriums, heritage sites, shopping malls, and other public structures is also offering lucrative growth opportunities to manufacturers. Apart from this, the increasing popularity of prefab or offsite construction and the rising utilization of PC in crane beams, cement poles, multi-factory frameworks, and railway sleepers is offering a favorable market outlook. In line with this, continuous investments by governments of various countries in real estate and mega infrastructure projects to support economic growth are driving the market. Furthermore, leading market players are focusing on improving manufacturing technologies and introducing advanced product variants with optimal efficiency and strength, which is expected to propel market growth.

Key Market Segmentation

The report provides an analysis of the key trends in each sub-segment of the global prestressed concrete (PC) wire and strand market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on coating type, type and application.

Breakup by Coating Type:

  • Uncoated PC Strand
  • Galvanized PC Strand
  • Epoxy Coated PC Strand
  • Others

Breakup by Type:

  • Prestressed PC Steel Wire
  • Plain PC Wire
  • Indented PC Wire
  • Spiral Ribbed PC Wire

Breakup by Application:

  • Bridges
  • Buildings

Breakup by Region:

  • North America
  • United States
  • Canada
  • Asia-Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Indonesia
  • Others
  • Europe
  • Germany
  • France
  • United Kingdom
  • Italy
  • Spain
  • Russia
  • Others
  • Latin America
  • Brazil
  • Mexico
  • Others
  • Middle East and Africa

Competitive Landscape

The competitive landscape of the industry has also been examined along with the profiles of the key players being AL ITTEFAQ STEEL PRODUCTS CO., ArcelorMittal S.A., DWK Drahtwerk Köln GmbH, FAPRICELA, Guizhou Wire Rope Incorporated Company, Henan Hengxing Science & Technology Co. Ltd., Insteel Engineers Pvt Ltd., Quantum Steel, Southern Steel Group, Sumiden Wire and Usha Martin Ltd.

Key Questions Answered in This Report

1. How big is the global Prestressed Concrete (PC) wire and strand market?
2. What is the expected growth rate of the global Prestressed Concrete (PC) wire and strand market during 2023-2028?
3. What are the key factors driving the global Prestressed Concrete (PC) wire and strand market?
4. What has been the impact of COVID-19 on the global Prestressed Concrete (PC) wire and strand market?
5. What is the breakup of the global Prestressed Concrete (PC) wire and strand market based on the coating type?
6. What is the breakup of the global Prestressed Concrete (PC) wire and strand market based on application?
7. What are the key regions in the global Prestressed Concrete (PC) wire and strand market?
8. Who are the key players/companies in the global Prestressed Concrete (PC) wire and strand market?
Frequently Asked Questions about the Global Prestressed Concrete (PC) Wire and Strand Market

What is the estimated value of the Global Prestressed Concrete (PC) Wire and Strand Market?

The Global Prestressed Concrete (PC) Wire and Strand Market was estimated to be valued at $926 Million in 2022.

What is the growth rate of the Global Prestressed Concrete (PC) Wire and Strand Market?

The growth rate of the Global Prestressed Concrete (PC) Wire and Strand Market is 4.2%, with an estimated value of $1185 Million by 2028.

What is the forecasted size of the Global Prestressed Concrete (PC) Wire and Strand Market?

The Global Prestressed Concrete (PC) Wire and Strand Market is estimated to be worth $1185 Million by 2028.

Who are the key companies in the Global Prestressed Concrete (PC) Wire and Strand Market?

Key companies in the Global Prestressed Concrete (PC) Wire and Strand Market include AL ITTEFAQ STEEL PRODUCTS CO., ArcelorMittal S.A., DWK Drahtwerk Köln GmbH, FAPRICELA, Guizhou Wire Rope Incorporated Company, Henan Hengxing Science & Technology Co. Ltd., Insteel Engineers Pvt Ltd., Quantum Steel, Southern Steel Group and Sumiden Wire.

Table of Contents

1 Preface
2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
4.1 Overview
4.2 Key Industry Trends
5 Global Prestressed Concrete (PC) Wire and Strand Market
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast
6 Market Breakup by Coating Type
6.1 Uncoated PC Strand
6.1.1 Market Trends
6.1.2 Market Forecast
6.2 Galvanized PC Strand
6.2.1 Market Trends
6.2.2 Market Forecast
6.3 Epoxy Coated PC Strand
6.3.1 Market Trends
6.3.2 Market Forecast
6.4 Others
6.4.1 Market Trends
6.4.2 Market Forecast
7 Market Breakup by Type
7.1 Prestressed PC Steel Wire
7.1.1 Market Trends
7.1.2 Market Forecast
7.2 Plain PC Wire
7.2.1 Market Trends
7.2.2 Market Forecast
7.3 Indented PC Wire
7.3.1 Market Trends
7.3.2 Market Forecast
7.4 Spiral Ribbed PC Wire
7.4.1 Market Trends
7.4.2 Market Forecast
8 Market Breakup by Application
8.1 Bridges
8.1.1 Market Trends
8.1.2 Market Forecast
8.2 Buildings
8.2.1 Market Trends
8.2.2 Market Forecast
9 Market Breakup by Region
9.1 North America
9.1.1 United States
9.1.1.1 Market Trends
9.1.1.2 Market Forecast
9.1.2 Canada
9.1.2.1 Market Trends
9.1.2.2 Market Forecast
9.2 Asia-Pacific
9.2.1 China
9.2.1.1 Market Trends
9.2.1.2 Market Forecast
9.2.2 Japan
9.2.2.1 Market Trends
9.2.2.2 Market Forecast
9.2.3 India
9.2.3.1 Market Trends
9.2.3.2 Market Forecast
9.2.4 South Korea
9.2.4.1 Market Trends
9.2.4.2 Market Forecast
9.2.5 Australia
9.2.5.1 Market Trends
9.2.5.2 Market Forecast
9.2.6 Indonesia
9.2.6.1 Market Trends
9.2.6.2 Market Forecast
9.2.7 Others
9.2.7.1 Market Trends
9.2.7.2 Market Forecast
9.3 Europe
9.3.1 Germany
9.3.1.1 Market Trends
9.3.1.2 Market Forecast
9.3.2 France
9.3.2.1 Market Trends
9.3.2.2 Market Forecast
9.3.3 United Kingdom
9.3.3.1 Market Trends
9.3.3.2 Market Forecast
9.3.4 Italy
9.3.4.1 Market Trends
9.3.4.2 Market Forecast
9.3.5 Spain
9.3.5.1 Market Trends
9.3.5.2 Market Forecast
9.3.6 Russia
9.3.6.1 Market Trends
9.3.6.2 Market Forecast
9.3.7 Others
9.3.7.1 Market Trends
9.3.7.2 Market Forecast
9.4 Latin America
9.4.1 Brazil
9.4.1.1 Market Trends
9.4.1.2 Market Forecast
9.4.2 Mexico
9.4.2.1 Market Trends
9.4.2.2 Market Forecast
9.4.3 Others
9.4.3.1 Market Trends
9.4.3.2 Market Forecast
9.5 Middle East and Africa
9.5.1 Market Trends
9.5.2 Market Breakup by Country
9.5.3 Market Forecast
10 SWOT Analysis
10.1 Overview
10.2 Strengths
10.3 Weaknesses
10.4 Opportunities
10.5 Threats
11 Value Chain Analysis
12 Porters Five Forces Analysis
12.1 Overview
12.2 Bargaining Power of Buyers
12.3 Bargaining Power of Suppliers
12.4 Degree of Competition
12.5 Threat of New Entrants
12.6 Threat of Substitutes
13 Price Analysis
14 Competitive Landscape
14.1 Market Structure
14.2 Key Players
14.3 Profiles of Key Players
14.3.1 AL ITTEFAQ STEEL PRODUCTS CO.
14.3.1.1 Company Overview
14.3.1.2 Product Portfolio
14.3.2 ArcelorMittal S.A.
14.3.2.1 Company Overview
14.3.2.2 Product Portfolio
14.3.2.3 Financials
14.3.2.4 SWOT Analysis
14.3.3 DWK Drahtwerk Köln GmbH
14.3.3.1 Company Overview
14.3.3.2 Product Portfolio
14.3.4 FAPRICELA
14.3.4.1 Company Overview
14.3.4.2 Product Portfolio
14.3.5 Guizhou Wire Rope Incorporated Company
14.3.5.1 Company Overview
14.3.5.2 Product Portfolio
14.3.5.3 Financials
14.3.6 Henan Hengxing Science & Technology Co. Ltd.
14.3.6.1 Company Overview
14.3.6.2 Product Portfolio
14.3.6.3 Financials
14.3.7 Insteel Engineers Pvt Ltd.
14.3.7.1 Company Overview
14.3.7.2 Product Portfolio
14.3.8 Quantum Steel
14.3.8.1 Company Overview
14.3.8.2 Product Portfolio
14.3.9 Southern Steel Group
14.3.9.1 Company Overview
14.3.9.2 Product Portfolio
14.3.9.3 Financials
14.3.10 Sumiden Wire
14.3.10.1 Company Overview
14.3.10.2 Product Portfolio
14.3.11 Usha Martin Ltd.
14.3.11.1 Company Overview
14.3.11.2 Product Portfolio
14.3.11.3 Financials
List of Figures
Figure 1: Global: Prestressed Concrete Wire and Strand Market: Major Drivers and Challenges
Figure 2: Global: Prestressed Concrete Wire and Strand Market: Sales Value (in Million US$), 2017-2022
Figure 3: Global: Prestressed Concrete Wire and Strand Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 4: Global: Prestressed Concrete Wire and Strand Market: Breakup by Coating Type (in %), 2022
Figure 5: Global: Prestressed Concrete Wire and Strand Market: Breakup by Type (in %), 2022
Figure 6: Global: Prestressed Concrete Wire and Strand Market: Breakup by Application (in %), 2022
Figure 7: Global: Prestressed Concrete Wire and Strand Market: Breakup by Region (in %), 2022
Figure 8: Global: Prestressed Concrete Wire and Strand (Uncoated PC Strand) Market: Sales Value (in Million US$), 2017 & 2022
Figure 9: Global: Prestressed Concrete Wire and Strand (Uncoated PC Strand) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 10: Global: Prestressed Concrete Wire and Strand (Galvanized PC Strand) Market: Sales Value (in Million US$), 2017 & 2022
Figure 11: Global: Prestressed Concrete Wire and Strand (Galvanized PC Strand) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 12: Global: Prestressed Concrete Wire and Strand (Epoxy Coated PC Strand) Market: Sales Value (in Million US$), 2017 & 2022
Figure 13: Global: Prestressed Concrete Wire and Strand (Epoxy Coated PC Strand) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 14: Global: Prestressed Concrete Wire and Strand (Other Coating Types) Market: Sales Value (in Million US$), 2017 & 2022
Figure 15: Global: Prestressed Concrete Wire and Strand (Other Coating Types) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 16: Global: Prestressed Concrete Wire and Strand (Prestressed PC Steel Wire) Market: Sales Value (in Million US$), 2017 & 2022
Figure 17: Global: Prestressed Concrete Wire and Strand (Prestressed PC Steel Wire) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 18: Global: Prestressed Concrete Wire and Strand (Plain PC Wire) Market: Sales Value (in Million US$), 2017 & 2022
Figure 19: Global: Prestressed Concrete Wire and Strand (Plain PC Wire) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 20: Global: Prestressed Concrete Wire and Strand (Indented PC Wire) Market: Sales Value (in Million US$), 2017 & 2022
Figure 21: Global: Prestressed Concrete Wire and Strand (Indented PC Wire) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 22: Global: Prestressed Concrete Wire and Strand (Spiral Ribbed PC Wire) Market: Sales Value (in Million US$), 2017 & 2022
Figure 23: Global: Prestressed Concrete Wire and Strand (Spiral Ribbed PC Wire) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 24: Global: Prestressed Concrete Wire and Strand (Bridges) Market: Sales Value (in Million US$), 2017 & 2022
Figure 25: Global: Prestressed Concrete Wire and Strand (Bridges) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 26: Global: Prestressed Concrete Wire and Strand (Buildings) Market: Sales Value (in Million US$), 2017 & 2022
Figure 27: Global: Prestressed Concrete Wire and Strand (Buildings) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 28: North America: Prestressed Concrete Wire and Strand Market: Sales Value (in Million US$), 2017 & 2022
Figure 29: North America: Prestressed Concrete Wire and Strand Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 30: United States: Prestressed Concrete Wire and Strand Market: Sales Value (in Million US$), 2017 & 2022
Figure 31: United States: Prestressed Concrete Wire and Strand Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 32: Canada: Prestressed Concrete Wire and Strand Market: Sales Value (in Million US$), 2017 & 2022
Figure 33: Canada: Prestressed Concrete Wire and Strand Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 34: Asia-Pacific: Prestressed Concrete Wire and Strand Market: Sales Value (in Million US$), 2017 & 2022
Figure 35: Asia-Pacific: Prestressed Concrete Wire and Strand Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 36: China: Prestressed Concrete Wire and Strand Market: Sales Value (in Million US$), 2017 & 2022
Figure 37: China: Prestressed Concrete Wire and Strand Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 38: Japan: Prestressed Concrete Wire and Strand Market: Sales Value (in Million US$), 2017 & 2022
Figure 39: Japan: Prestressed Concrete Wire and Strand Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 40: India: Prestressed Concrete Wire and Strand Market: Sales Value (in Million US$), 2017 & 2022
Figure 41: India: Prestressed Concrete Wire and Strand Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 42: South Korea: Prestressed Concrete Wire and Strand Market: Sales Value (in Million US$), 2017 & 2022
Figure 43: South Korea: Prestressed Concrete Wire and Strand Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 44: Australia: Prestressed Concrete Wire and Strand Market: Sales Value (in Million US$), 2017 & 2022
Figure 45: Australia: Prestressed Concrete Wire and Strand Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 46: Indonesia: Prestressed Concrete Wire and Strand Market: Sales Value (in Million US$), 2017 & 2022
Figure 47: Indonesia: Prestressed Concrete Wire and Strand Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 48: Others: Prestressed Concrete Wire and Strand Market: Sales Value (in Million US$), 2017 & 2022
Figure 49: Others: Prestressed Concrete Wire and Strand Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 50: Europe: Prestressed Concrete Wire and Strand Market: Sales Value (in Million US$), 2017 & 2022
Figure 51: Europe: Prestressed Concrete Wire and Strand Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 52: Germany: Prestressed Concrete Wire and Strand Market: Sales Value (in Million US$), 2017 & 2022
Figure 53: Germany: Prestressed Concrete Wire and Strand Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 54: France: Prestressed Concrete Wire and Strand Market: Sales Value (in Million US$), 2017 & 2022
Figure 55: France: Prestressed Concrete Wire and Strand Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 56: United Kingdom: Prestressed Concrete Wire and Strand Market: Sales Value (in Million US$), 2017 & 2022
Figure 57: United Kingdom: Prestressed Concrete Wire and Strand Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 58: Italy: Prestressed Concrete Wire and Strand Market: Sales Value (in Million US$), 2017 & 2022
Figure 59: Italy: Prestressed Concrete Wire and Strand Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 60: Spain: Prestressed Concrete Wire and Strand Market: Sales Value (in Million US$), 2017 & 2022
Figure 61: Spain: Prestressed Concrete Wire and Strand Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 62: Russia: Prestressed Concrete Wire and Strand Market: Sales Value (in Million US$), 2017 & 2022
Figure 63: Russia: Prestressed Concrete Wire and Strand Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 64: Others: Prestressed Concrete Wire and Strand Market: Sales Value (in Million US$), 2017 & 2022
Figure 65: Others: Prestressed Concrete Wire and Strand Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 66: Latin America: Prestressed Concrete Wire and Strand Market: Sales Value (in Million US$), 2017 & 2022
Figure 67: Latin America: Prestressed Concrete Wire and Strand Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 68: Brazil: Prestressed Concrete Wire and Strand Market: Sales Value (in Million US$), 2017 & 2022
Figure 69: Brazil: Prestressed Concrete Wire and Strand Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 70: Mexico: Prestressed Concrete Wire and Strand Market: Sales Value (in Million US$), 2017 & 2022
Figure 71: Mexico: Prestressed Concrete Wire and Strand Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 72: Others: Prestressed Concrete Wire and Strand Market: Sales Value (in Million US$), 2017 & 2022
Figure 73: Others: Prestressed Concrete Wire and Strand Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 74: Middle East and Africa: Prestressed Concrete Wire and Strand Market: Sales Value (in Million US$), 2017 & 2022
Figure 75: Middle East and Africa: Prestressed Concrete Wire and Strand Market: Breakup by Country (in %), 2022
Figure 76: Middle East and Africa: Prestressed Concrete Wire and Strand Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 77: Global: Prestressed Concrete Wire and Strand Industry: SWOT Analysis
Figure 78: Global: Prestressed Concrete Wire and Strand Industry: Value Chain Analysis
Figure 79: Global: Prestressed Concrete Wire and Strand Industry: Porter's Five Forces Analysis
List of Tables
Table 1: Global: Prestressed Concrete Wire and Strand Market: Key Industry Highlights, 2022 and 2028
Table 2: Global: Prestressed Concrete Wire and Strand Market Forecast: Breakup by Coating Type (in Million US$), 2023-2028
Table 3: Global: Prestressed Concrete Wire and Strand Market Forecast: Breakup by Type (in Million US$), 2023-2028
Table 4: Global: Prestressed Concrete Wire and Strand Market Forecast: Breakup by Application (in Million US$), 2023-2028
Table 5: Global: Prestressed Concrete Wire and Strand Market Forecast: Breakup by Region (in Million US$), 2023-2028
Table 6: Global: Prestressed Concrete Wire and Strand Market: Competitive Structure
Table 7: Global: Prestressed Concrete Wire and Strand Market: Key Players

Companies Mentioned

  • AL ITTEFAQ STEEL PRODUCTS CO.
  • ArcelorMittal S.A.
  • DWK Drahtwerk Köln GmbH
  • FAPRICELA
  • Guizhou Wire Rope Incorporated Company
  • Henan Hengxing Science & Technology Co. Ltd.
  • Insteel Engineers Pvt Ltd.
  • Quantum Steel
  • Southern Steel Group
  • Sumiden Wire
  • Usha Martin Ltd.

Methodology

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