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Prestressed Concrete (PC) Wire and Strand Market Trends

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

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Prestressed Concrete Wire and Strand Market Trends

The swift pace of urbanization worldwide creates a heightened demand for additional residential, commercial, and industrial areas. In urban settings, PC wires and strands find extensive application in erecting high-rise buildings and various other structures, thereby fueling the demand for these construction materials. This surge in demand is exemplified by statistics from the United Nations in 2023, that the urban population share increased to approximately 57 percent by 2022.

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.