Prestressed Concrete (PC) Wire And Strand Market Forecast 2023-2028


IMARC Group, a leading market research company, has recently releases a report titled
Prestressed Concrete (PC) Wire and Strand Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028.
The study provides a detailed analysis of the industry, including the
prestressed concrete (PC) wire and strand
size, report, share, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.

How big is the
Prestressed Concrete (PC) Wire and Strand

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

For an in-depth analysis, you can refer sample copy of the report:

What is Prestressed Concrete (PC) Wire and Strand?

Prestressed concrete (PC) wire and strand are unique building materials designed to support large weights. The PC wire is a single high-carbon steel wire, whereas the strand is made up of several wires that have been twisted together. They are intended to give concrete constructions both compressive and tensile strength. They considerably reduce the dangers connected to weathering and material fatigue. They have lower maintenance requirements that result in long-term financial savings. They allow for better load distribution across structures and utilize thinner slabs, which can save material costs. They are necessary parts of many precast concrete components, including girders, slabs, and beams.

Prestressed Concrete (PC) Wire and Strand

Demand, Industry Trends:

At present, the rising investments in public infrastructure projects, such as bridges, roads, and water treatment plants, represent one of the major factors impelling the market growth. Additionally, the increasing innovations in material sciences offer higher tensile strength and durability, making modern PC wire and strands more efficient and long-lasting. Besides this, the growing implementation of strict building regulations around safety and durability is leading to greater reliance on high-quality construction materials, including prestressed concrete wire and strands.

Moreover, the rising concerns about sustainability are encouraging the use of materials that are durable and require less frequent replacement like prestressed concrete wire and strands. In addition, the increasing focus on the resistance to weather conditions and natural disasters, such as earthquakes of prestressed concrete wire and strands is encouraging their adoption in regions prone to such events. Furthermore, the growing utilization of prestressed concrete wire and strands in industrial applications, including warehouses and factories, is offering a favorable market outlook.

Apart from this, the rising employment of prestressed concrete wire and strands in telecommunication networks to construct robust and durable towers is contributing to the market growth. Additionally, the increasing demand for high-quality, durable construction in military installations is bolstering the market growth. Moreover, the growing preference for more durable and low-maintenance structures is encouraging developers to opt for materials like prestressed concrete.

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Leading Companies Operating in the Global Prestressed Concrete (PC) Wire and Strand Industry:

  • ArcelorMittal S.A.
  • DWK Drahtwerk Köln GmbH
  • 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.
Prestressed Concrete (PC) Wire and Strand Market Report Segmentation:

The report has segmented the market into the following categories:

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

Key highlights of the report:

  • Market Performance
  • Market Outlook
  • Porter's Five Forces Analysis
  • Market Drivers and Success Factors
  • SWOT Analysis
  • Value Chain
  • Comprehensive Mapping of the Competitive Landscape

If you require any specific information that is not covered currently within the scope of the report, we will provide the same as a part of the customization.

About Us

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC's information products include major market, scientific, economic, and technological developments for business leaders in pharmaceutical, industrial, and high-technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology, and novel processing methods are at the top of the company's expertise.

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