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Prestressed Concrete (PC) Wire and Strand Market Share

Report ID: GMI8686
Published Date: Mar 2024
Report Format: PDF

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Prestressed Concrete Wire and Strand Market Share

The PC wire and strand industry is moderately fragmented with several regional players across the globe. In 2023, dominant market players, include ArcelorMittal, Tata Steel, Insteel Industries, Bekaert, and JFE Steel Corporation. These companies often leverage their existing distribution networks and resources to expand into new markets. Leading players in the industry actively engage in strategic initiatives such as mergers and acquisitions, expanding facilities, and forming partnerships to broaden their range of products, reach more customers, and strengthen their presence in the market.

Prestressed Concrete Wire and Strand Market Companies

Major players operating in the prestressed concrete wire and strand industry are:

ArcelorMittal
Bekaert
Deacero S.A. de C.V.
Fapricela - Fábrica de Produtos de Cimento, S.A.
Insteel Industries
JFE Steel Corporation
Jiangxi Xinhua New Material Co., Ltd.
Kataria Group
Kiswire Ltd.
Kiswire Ltd.
N.V. Bekaert S.A.
Siam Industrial Wire Co., Ltd.
Sumiden Wire Products Corporation
Taihan Electric Wire Co., Ltd.
Tata Steel

Authors: Avinash Singh, Sunita Singh

Frequently Asked Questions (FAQ) :

Prestressed concrete (PC) wire and strand industry reached USD 8.6 billion in 2023 and is estimated to register 4.7% CAGR between 2024 and 2032, due to the rising usage in the construction of highways, expressways, and roads.

The infrastructure end-use segment recorded 52% of the market in 2023, led by growing adoption in bridge construction and rehabilitation.

Asia Pacific held 40% of the prestressed concrete wire and strand market in 2023 and is likely to account for 42% by 2032, impelled by the rapid urbanization and the significant demand for infrastructure development, including residential, commercial, and transportation projects. ?

ArcelorMittal, Bekaert, Deacero S.A. de C.V., Fapricela - Fábrica de Produtos de Cimento, S.A., Insteel Industries, JFE Steel Corporation, Kataria Group, Kiswire Ltd., N.V. Bekaert S.A., Siam Industrial Wire Co., Ltd., Taihan Electric Wire Co., Ltd., and Tata Steel.