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Steel Wire - Global Market Trajectory & Analytics

  • ID: 338733
  • Report
  • July 2020
  • Region: Global
  • 310 Pages
  • Global Industry Analysts, Inc
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Global Steel Wire Market to Reach US$27.6 Billion by the Year 2027

Amid the COVID-19 crisis, the global market for Steel Wire estimated at US$23.3 Billion in the year 2020, is projected to reach a revised size of US$27.6 Billion by 2027, growing at a CAGR of 2.4% over the analysis period 2020-2027.Carbon, one of the segments analyzed in the report, is projected to grow at a 2.4% CAGR to reach US$22.1 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Stainless segment is readjusted to a revised 2% CAGR for the next 7-year period. This segment currently accounts for a 12.9% share of the global Steel Wire market.

The U. S. Accounts for Over 27.1% of Global Market Size in 2020, While China is Forecast to Grow at a 4.5% CAGR for the Period of 2020-2027

The Steel Wire market in the U. S. is estimated at US$6.3 Billion in the year 2020. The country currently accounts for a 27.05% share in the global market. China, the world second largest economy, is forecast to reach an estimated market size of US$5.5 Billion in the year 2027 trailing a CAGR of 4.5% through 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 0.5% and 1.8% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 1.1% CAGR while Rest of European market (as defined in the study) will reach US$5.5 Billion by the year 2027.

Alloy Segment Corners a 7% Share in 2020

In the global Alloy segment, USA, Canada, Japan, China and Europe will drive the 2.5% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$1.2 Billion in the year 2020 will reach a projected size of US$1.5 Billion by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$3.7 Billion by the year 2027, while Latin America will expand at a 3.7% CAGR through the analysis period. The publisher brings years of research experience to this 16th edition of our report. The 310-page report presents concise insights into how the pandemic has impacted production and the buy side for 2020 and 2021. A short-term phased recovery by key geography is also addressed.

Competitors identified in this market include, among others
  • Ansteel Group Corporation Limited
  • ArcelorMittal S. A
  • Bridon International Ltd.
  • China Baowu Steel Group Corporation Limited
  • Davis Wire Corporation
  • Gerdau S. A.
  • HBIS Group
  • Heico Wire Group
  • Insteel Industries, Inc.
  • JFE Steel Corporation
  • Jiangsu Shagang Group
  • Kobe Steel, Ltd.
  • Leggett & Platt® Inc.
  • National Standard
  • Nippon Steel & Sumitomo Metal Corporation
  • NV Bekaert SA
  • POSCO
  • Shougang Corporation
  • Tata Steel Group
  • thyssenkrupp Steel Europe AG
  • Tree Island Industries Ltd.
  • Usha Martin Limited

The global analysis and forecast periods covered within the report are 2020-2027 (Current & Future Analysis) and 2012-2019 (Historic Review). Research estimates are provided for 2020, while research projections cover the period 2021-2027.
Note: Product cover images may vary from those shown
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I. INTRODUCTION, METHODOLOGY & REPORT SCOPE

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW

Steel Wire Market - A Prelude

Steel Industry - Are the Worst Times Over?

Recent Market Activity

Steel Market Witnesses Uptick in Demand and Prices

Overcapacity & Inventory Levels - A Review

China Holds the Key

Chinese Steel Consumption to Slow Down -India Could Fill the Gap with Growing Appetite for the Metal

Global Demand for Steel to Slowdown in 2018 due to Chinese Curbs on Excess Capacity

China Announces Plans to Cap Steel Production

Global Competitor Market Shares

Steel Wire Competitor Market Share Scenario Worldwide (in %): 2018 & 2029

Impact of US Steel Tariffs - A Brief Review

US Import Tariffs on Steel to hurt South Korea and EU Countries the Most

Steel Industry - A Statistical Overview

Construction Industry: A Major End-Use Market

Impact of Covid-19 and a Looming Global Recession

2. FOCUS ON SELECT PLAYERS

Ansteel Group Corporation Limited (China)

ArcelorMittal S.A (Luxembourg)

China Baowu Steel Group Corporation Limited (China)

Bridon International Ltd. (UK)

Gerdau S.A. (Brazil)

HBIS Group (China)

Heico Wire Group (USA)

Davis Wire Corporation (USA)

National Standard (USA)

Insteel Industries, Inc. (USA)

JFE Steel Corporation (Japan)

Jiangsu Shagang Group (China)

Kobe Steel, Ltd. (Japan)

Leggett & Platt® Incorporated (USA)

Nippon Steel & Sumitomo Metal Corporation (Japan)

NV Bekaert SA (Belgium)

POSCO (South Korea)

Shougang Corporation (China)

Tata Steel Group (India)

Tree Island Industries Ltd. (Canada)

thyssenkrupp Steel Europe AG (Germany)

Usha Martin Limited (India)

3. MARKET TRENDS & DRIVERS

Globalization & Rationalization - A Surviving Strategy

Outlook for the Steel Industry

Emerging Economies to Considerably Impel Global Steel Demand

Improving Economy Buoys General Market Optimism

Steel Industry Fortunes Intrinsically Tied toConstruction Industry Dynamics

Increase in Automotive Production to Boost Market Prospects for Steel Wire

Oil & Gas Sector - Dynamic as Ever

Excess Production Results in Low Oil Prices

Steadily Increasing Prices Result in Higher Rig Counts in 2017 & 2018

Transition in Wafer Fabrication Technology to Add to the Growth in Steel Wire Market

Developing Countries Continue to Drive Growth Opportunities in the Market

Cost Efficient Manufacturing in Focus

High-Quality Steel Wire Rods in Demand for Production of Steel Wires

4. GLOBAL MARKET PERSPECTIVE

TABLE 1: Steel Wire Global Market Estimates and Forecasts in US$ Million by Region/Country: 2020-2027
TABLE 2: Steel Wire Global Retrospective Market Scenario in US$ Million by Region/Country: 2012-2019
TABLE 3: Steel Wire Market Share Shift across Key Geographies Worldwide: 2012 VS 2020 VS 2027
TABLE 4: Carbon (Product Segment) World Market by Region/Country in US$ Million: 2020 to 2027
TABLE 5: Carbon (Product Segment) Historic Market Analysis by Region/Country in US$ Million: 2012 to 2019
TABLE 6: Carbon (Product Segment) Market Share Breakdown of Worldwide Sales by Region/Country: 2012 VS 2020 VS 2027
TABLE 7: Stainless (Product Segment) Potential Growth Markets Worldwide in US$ Million: 2020 to 2027
TABLE 8: Stainless (Product Segment) Historic Market Perspective by Region/Country in US$ Million: 2012 to 2019
TABLE 9: Stainless (Product Segment) Market Sales Breakdown by Region/Country in Percentage: 2012 VS 2020 VS 2027
TABLE 10: Alloy (Product Segment) Geographic Market Spread Worldwide in US$ Million: 2020 to 2027
TABLE 11: Alloy (Product Segment) Region Wise Breakdown of Global Historic Demand in US$ Million: 2012 to 2019
TABLE 12: Alloy (Product Segment) Market Share Distribution in Percentage by Region/Country: 2012 VS 2020 VS 2027

III. MARKET ANALYSIS

GEOGRAPHIC MARKET ANALYSIS

UNITED STATES

Market Facts & Figures

US Steel Wire Market Share (in %) by Company: 2018 & 2025

Market Analytics
TABLE 13: United States Steel Wire Market Estimates and Projections in US$ Million by Product Segment: 2020 to 2027
TABLE 14: Steel Wire Market in the United States by Product Segment: A Historic Review in US$ Million for 2012-2019
TABLE 15: United States Steel Wire Market Share Breakdown by Product Segment: 2012 VS 2020 VS 2027

CANADA

TABLE 16: Canadian Steel Wire Market Estimates and Forecasts in US$ Million by Product Segment: 2020 to 2027
TABLE 17: Canadian Steel Wire Historic Market Review by Product Segment in US$ Million: 2012-2019
TABLE 18: Steel Wire Market in Canada: Percentage Share Breakdown of Sales by Product Segment for 2012, 2020, and 2027

JAPAN

TABLE 19: Japanese Market for Steel Wire: Annual Sales Estimates and Projections in US$ Million by Product Segment for the Period 2020-2027
TABLE 20: Steel Wire Market in Japan: Historic Sales Analysis in US$ Million by Product Segment for the Period 2012-2019
TABLE 21: Japanese Steel Wire Market Share Analysis by Product Segment: 2012 VS 2020 VS 2027

CHINA

TABLE 22: Chinese Steel Wire Market Growth Prospects in US$ Million by Product Segment for the Period 2020-2027
TABLE 23: Steel Wire Historic Market Analysis in China in US$ Million by Product Segment: 2012-2019
TABLE 24: Chinese Steel Wire Market by Product Segment: Percentage Breakdown of Sales for 2012, 2020, and 2027

EUROPE

Market Facts & Figures

European Steel Wire Market: Competitor Market Share Scenario (in %) for 2018 & 2025

Market Analytics
TABLE 25: European Steel Wire Market Demand Scenario in US$ Million by Region/Country: 2020-2027
TABLE 26: Steel Wire Market in Europe: A Historic Market Perspective in US$ Million by Region/Country for the Period 2012-2019
TABLE 27: European Steel Wire Market Share Shift by Region/Country: 2012 VS 2020 VS 2027
TABLE 28: European Steel Wire Market Estimates and Forecasts in US$ Million by Product Segment: 2020-2027
TABLE 29: Steel Wire Market in Europe in US$ Million by Product Segment: A Historic Review for the Period 2012-2019
TABLE 30: European Steel Wire Market Share Breakdown by Product Segment: 2012 VS 2020 VS 2027

FRANCE

TABLE 31: Steel Wire Market in France by Product Segment: Estimates and Projections in US$ Million for the Period 2020-2027
TABLE 32: French Steel Wire Historic Market Scenario in US$ Million by Product Segment: 2012-2019
TABLE 33: French Steel Wire Market Share Analysis by Product Segment: 2012 VS 2020 VS 2027

GERMANY

TABLE 34: Steel Wire Market in Germany: Recent Past, Current and Future Analysis in US$ Million by Product Segment for the Period 2020-2027
TABLE 35: German Steel Wire Historic Market Analysis in US$ Million by Product Segment: 2012-2019
TABLE 36: German Steel Wire Market Share Breakdown by Product Segment: 2012 VS 2020 VS 2027

ITALY

TABLE 37: Italian Steel Wire Market Growth Prospects in US$ Million by Product Segment for the Period 2020-2027
TABLE 38: Steel Wire Historic Market Analysis in Italy in US$ Million by Product Segment: 2012-2019
TABLE 39: Italian Steel Wire Market by Product Segment: Percentage Breakdown of Sales for 2012, 2020, and 2027

UNITED KINGDOM

TABLE 40: United Kingdom Market for Steel Wire: Annual Sales Estimates and Projections in US$ Million by Product Segment for the Period 2020-2027
TABLE 41: Steel Wire Market in the United Kingdom: Historic Sales Analysis in US$ Million by Product Segment for the Period 2012-2019
TABLE 42: United Kingdom Steel Wire Market Share Analysis by Product Segment: 2012 VS 2020 VS 2027

SPAIN

TABLE 43: Spanish Steel Wire Market Estimates and Forecasts in US$ Million by Product Segment: 2020 to 2027
TABLE 44: Spanish Steel Wire Historic Market Review by Product Segment in US$ Million: 2012-2019
TABLE 45: Steel Wire Market in Spain: Percentage Share Breakdown of Sales by Product Segment for 2012, 2020, and 2027

RUSSIA

TABLE 46: Russian Steel Wire Market Estimates and Projections in US$ Million by Product Segment: 2020 to 2027
TABLE 47: Steel Wire Market in Russia by Product Segment: A Historic Review in US$ Million for 2012-2019
TABLE 48: Russian Steel Wire Market Share Breakdown by Product Segment: 2012 VS 2020 VS 2027

REST OF EUROPE

TABLE 49: Rest of Europe Steel Wire Market Estimates and Forecasts in US$ Million by Product Segment: 2020-2027
TABLE 50: Steel Wire Market in Rest of Europe in US$ Million by Product Segment: A Historic Review for the Period 2012-2019
TABLE 51: Rest of Europe Steel Wire Market Share Breakdown by Product Segment: 2012 VS 2020 VS 2027

ASIA-PACIFIC

TABLE 52: Asia-Pacific Steel Wire Market Estimates and Forecasts in US$ Million by Region/Country: 2020-2027
TABLE 53: Steel Wire Market in Asia-Pacific: Historic Market Analysis in US$ Million by Region/Country for the Period 2012-2019
TABLE 54: Asia-Pacific Steel Wire Market Share Analysis by Region/Country: 2012 VS 2020 VS 2027
TABLE 55: Steel Wire Market in Asia-Pacific by Product Segment: Estimates and Projections in US$ Million for the Period 2020-2027
TABLE 56: Asia-Pacific Steel Wire Historic Market Scenario in US$ Million by Product Segment: 2012-2019
TABLE 57: Asia-Pacific Steel Wire Market Share Analysis by Product Segment: 2012 VS 2020 VS 2027

AUSTRALIA

TABLE 58: Steel Wire Market in Australia: Recent Past, Current and Future Analysis in US$ Million by Product Segment for the Period 2020-2027
TABLE 59: Australian Steel Wire Historic Market Analysis in US$ Million by Product Segment: 2012-2019
TABLE 60: Australian Steel Wire Market Share Breakdown by Product Segment: 2012 VS 2020 VS 2027

INDIA

TABLE 61: Indian Steel Wire Market Estimates and Forecasts in US$ Million by Product Segment: 2020 to 2027
TABLE 62: Indian Steel Wire Historic Market Review by Product Segment in US$ Million: 2012-2019
TABLE 63: Steel Wire Market in India: Percentage Share Breakdown of Sales by Product Segment for 2012, 2020, and 2027

SOUTH KOREA

TABLE 64: Steel Wire Market in South Korea: Recent Past, Current and Future Analysis in US$ Million by Product Segment for the Period 2020-2027
TABLE 65: South Korean Steel Wire Historic Market Analysis in US$ Million by Product Segment: 2012-2019
TABLE 66: Steel Wire Market Share Distribution in South Korea by Product Segment: 2012 VS 2020 VS 2027

REST OF ASIA-PACIFIC

TABLE 67: Rest of Asia-Pacific Market for Steel Wire: Annual Sales Estimates and Projections in US$ Million by Product Segment for the Period 2020-2027
TABLE 68: Steel Wire Market in Rest of Asia-Pacific: Historic Sales Analysis in US$ Million by Product Segment for the Period 2012-2019
TABLE 69: Rest of Asia-Pacific Steel Wire Market Share Analysis by Product Segment: 2012 VS 2020 VS 2027

LATIN AMERICA

TABLE 70: Latin American Steel Wire Market Trends by Region/Country in US$ Million: 2020-2027
TABLE 71: Steel Wire Market in Latin America in US$ Million by Region/Country: A Historic Perspective for the Period 2012-2019
TABLE 72: Latin American Steel Wire Market Percentage Breakdown of Sales by Region/Country: 2012, 2020, and 2027
TABLE 73: Latin American Steel Wire Market Growth Prospects in US$ Million by Product Segment for the Period 2020-2027
TABLE 74: Steel Wire Historic Market Analysis in Latin America in US$ Million by Product Segment: 2012-2019
TABLE 75: Latin American Steel Wire Marketby Product Segment: Percentage Breakdown of Sales for 2012, 2020, and 2027

ARGENTINA

TABLE 76: Argentinean Steel Wire Market Estimates and Forecasts in US$ Million by Product Segment: 2020-2027
TABLE 77: Steel Wire Market in Argentina in US$ Million by Product Segment: A Historic Review for the Period 2012-2019
TABLE 78: Argentinean Steel Wire Market Share Breakdown by Product Segment: 2012 VS 2020 VS 2027

BRAZIL

TABLE 79: Steel Wire Market in Brazil by Product Segment: Estimates and Projections in US$ Million for the Period 2020-2027
TABLE 80: Brazilian Steel Wire Historic Market Scenario in US$ Million by Product Segment: 2012-2019
TABLE 81: Brazilian Steel Wire Market Share Analysis by Product Segment: 2012 VS 2020 VS 2027

MEXICO

TABLE 82: Steel Wire Market in Mexico: Recent Past, Current and Future Analysis in US$ Million by Product Segment for the Period 2020-2027
TABLE 83: Mexican Steel Wire Historic Market Analysis in US$ Million by Product Segment: 2012-2019
TABLE 84: Mexican Steel Wire Market Share Breakdown by Product Segment: 2012 VS 2020 VS 2027

REST OF LATIN AMERICA

TABLE 85: Rest of Latin America Steel Wire Market Estimates and Projections in US$ Million by Product Segment: 2020 to 2027
TABLE 86: Steel Wire Market in Rest of Latin America by Product Segment: A Historic Review in US$ Million for 2012-2019
TABLE 87: Rest of Latin America Steel Wire Market Share Breakdown by Product Segment: 2012 VS 2020 VS 2027

MIDDLE EAST

TABLE 88: The Middle East Steel Wire Market Estimates and Forecasts in US$ Million by Region/Country: 2020-2027
TABLE 89: Steel Wire Market in the Middle East by Region/Country in US$ Million: 2012-2019
TABLE 90: The Middle East Steel Wire Market Share Breakdown by Region/Country: 2012, 2020, and 2027
TABLE 91: The Middle East Steel Wire Market Estimates and Forecasts in US$ Million by Product Segment: 2020 to 2027
TABLE 92: The Middle East Steel Wire Historic Marketby Product Segment in US$ Million: 2012-2019
TABLE 93: Steel Wire Market in the Middle East: Percentage Share Breakdown of Salesby Product Segment for 2012,2020, and 2027

IRAN

TABLE 94: Iranian Market for Steel Wire: Annual Sales Estimates and Projections in US$ Million by Product Segment for the Period 2020-2027
TABLE 95: Steel Wire Market in Iran: Historic Sales Analysis in US$ Million by Product Segment for the Period 2012-2019
TABLE 96: Iranian Steel Wire Market Share Analysis by Product Segment: 2012 VS 2020 VS 2027

ISRAEL

TABLE 97: Israeli Steel Wire Market Estimates and Forecasts in US$ Million by Product Segment: 2020-2027
TABLE 98: Steel Wire Market in Israel in US$ Million by Product Segment: A Historic Review for the Period 2012-2019
TABLE 99: Israeli Steel Wire Market Share Breakdown by Product Segment: 2012 VS 2020 VS 2027

SAUDI ARABIA

TABLE 100: Saudi Arabian Steel Wire Market Growth Prospects in US$ Million by Product Segment for the Period 2020-2027
TABLE 101: Steel Wire Historic Market Analysis in Saudi Arabia in US$ Million by Product Segment: 2012-2019
TABLE 102: Saudi Arabian Steel Wire Market by Product Segment: Percentage Breakdown of Sales for 2012, 2020, and 2027

UNITED ARAB EMIRATES

TABLE 103: Steel Wire Market in the United Arab Emirates: Recent Past, Current and Future Analysis in US$ Million by Product Segment for the Period 2020-2027
TABLE 104: United Arab Emirates Steel Wire Historic Market Analysis in US$ Million by Product Segment: 2012-2019
TABLE 105: Steel Wire Market Share Distribution in United Arab Emirates by Product Segment: 2012 VS 2020 VS 2027

REST OF MIDDLE EAST

TABLE 106: Steel Wire Market in Rest of Middle East: Recent Past, Current and Future Analysis in US$ Million by Product Segment for the Period 2020-2027
TABLE 107: Rest of Middle East Steel Wire Historic Market Analysis in US$ Million by Product Segment: 2012-2019
TABLE 108: Rest of Middle East Steel Wire Market Share Breakdown by Product Segment: 2012 VS 2020 VS 2027

AFRICA

TABLE 109: African Steel Wire Market Estimates and Projections in US$ Million by Product Segment: 2020 to 2027
TABLE 110: Steel Wire Market in Africa by Product Segment: A Historic Review in US$ Million for 2012-2019
TABLE 111: African Steel Wire Market Share Breakdown by Product Segment: 2012 VS 2020 VS 2027

IV. COMPETITION

Total Companies Profiled: 169

Note: Product cover images may vary from those shown
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