Prestressed Concrete Wire & Strand Market Analysis, Size, Growth, Share & Forecast to 2025 | Grand View Research Inc.
“Prestressed Concrete Wire & Strand Market Worth $4.2 Billion By 2025�
The global prestressed concrete wire and strand market size is expected to reach USD 4.2 billion by 2025, according to a new report by Grand View Research, Inc. Prefab or offsite construction is anticipated to propel the market growth. Major market players are implementing growth through acquisition strategy to increase their market presence. The market is observing rise in strategic mergers among key industry players. For instance, the key mergers of PC wire and strand market are Bekaert and Ontario Teachers advanced cord manufacturing agreement and Insteel take-over of American Spring Wire’s wire and strand segment. The prestressed concrete (PC) wire and strand are largely used in the construction processes for bridges, arches, tunnels, buildings, road slabs, and others. The growth in the construction sector is directly linked with the growth of the market. The construction sector growth is largely dependent on the emerging countries. It is anticipated that emerging markets to account for nearly half of the global construction activities. This trend is likely to be dominated by countries such as India and China. India became the third largest construction market in the world computing an average growth of 7.4% in 2016.
The uncoated PC strand is likely to be the most dominating surface coating from 2016 to 2025.The product segment is likely to be driven by its increasing usage in the developing nations. The growth in population coupled with rising urbanization is anticipated to be among the major drivers for the product segment.
Browse Details of Report @ https://www.grandviewresearch.com/industry-analysis/prestressed-concretepc-wire-strand-market Further key findings from the report suggest:
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The global demand for prestressed concrete (PC) wire and strand market was USD 3.4 billion in 2016 and is expected to grow at a CAGR of around 2.5% from 2017 to 2025 to exceed a total revenue of over USD 4.2 billion by 2025.
Uncoated PC strand was the biggest segment in the market accounting for over 37% of the total revenue in 2016
Bridges was the largest application segment with a demand of over USD 1 billion in 2016, growing at a CAGR of xx%
The APAC is expected to be the largest regional market with a projected CAGR of 2.8% over the forecast period
The industry is dominated by a few multinational corporations such as ArcelorMittal, KISWIRE LTD., Insteel, and Bekaert. Companies are moving towards strategic mergers and acquisition to increase their international presence and gain significant market share.
Grand View Research has segmented the global prestressed concrete (PC) wire and strand market by surface coatings, application, and region: Surface Coatings Outlook (Volume, Kilotons, Revenue, USD Million, 2014 - 2025) Uncoated PC Strand
Galvanized PC Strand
Epoxy Coated PC Strand
Others
Application Outlook (Volume, Kilotons, Revenue, USD Million, 2014 - 2025) Bridges
Buildings
Other
Regional Outlook (Volume, Kilotons, Revenue, USD Million, 2014 - 2025) North America
o
U.S.
o
Canada
Europe o
Germany
o
France
o
UK
Asia Pacific
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o
Japan
o
China
o
India
Latin America o
Brazil
o
Mexico
Middle East & Africa o
Saudi Arabia
o
UAE
Table of Contents Chapter 1 Methodology and Scope 1.1 Research Methodology 1.2 Research scope and assumptions 1.3 List of data sources Chapter 2 Executive Summary 2.1 Prestressed concrete (PC) wire and strand market - Industry snapshot Chapter 3 Prestressed Concrete (PC) Wire and Strand Market Variables, Trends and Scope 3.1 Market segmentation 3.2 Market size and growth prospects, 2014-2025 3.3 Value chain analysis 3.4 Prestressed concrete (PC) wire and strand market dynamics 3.4.1 Market driver analysis 3.4.1.1 Prefab or offsite construction gaining prominence 3.4.2 Market restraint analysis 3.4.2.1 Chinese steel market volatility affecting the market growth 3.4.1 Key opportunities - Prioritized 3.4.2 Industry analysis - Porter’s 3.5 Prestressed concrete (PC) wire and strand PESTEL analysis Chapter 4 Prestressed Concrete (PC) Wire and Strand Market: Surface Coatings Estimates & Trend Analysis 4.1 Global prestressed concrete (PC) wire and strand market share by surface coatings, 2016 & 2025 4.2 Uncoated Prestressed Concrete (PC) Strand 4.2.1 Market estimates & forecasts, from uncoated PC strand, 2014 - 2025 (Kilotons) (USD million) 4.2.2 Market estimates & forecasts, from uncoated PC strand, by region, 2014 - 2025 (Kilotons) (USD million) 4.3 Galvanized Prestressed Concrete (PC) Strand
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Continue………….. About Grand View Research, Inc.: Grand View Research, Inc. is a U.S. based market y provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, the company offers market intelligence studies ensuring relevant and factbased research across a range of industries including technology, chemicals, materials, healthcare and energy. Contact: Sherry James Corporate Sales Specialist, USA Grand View Research, Inc Phone: 1-415- 349-0058 Toll Free: 1-888- 202-9519 Email:sales@grandviewresearch.com For More Information:http://www.grandviewresearch.com
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