The global prestressed concrete (PC) wire and strand
market value 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 full research report on Global
Prestressed Concrete (PC) Wire and Strand Market: http://www.grandviewresearch.com/industry-analysis/prestressed-concrete-pc-wire-strand-market
Further key findings from the report suggest:
- 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.
Browse more reports of this category by Grand View Research: http://www.grandviewresearch.com/industry/green-building-materials
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
- U.S.
- Canada
- Europe
- Germany
- France
- UK
- Asia Pacific
- Japan
- China
- India
- Latin America
- Brazil
- Mexico
- Middle East & Africa
- Saudi Arabia
- UAE
About Grand View Research
Grand View Research, Inc. is a
U.S. based market research and consulting company, registered in the State of California
and headquartered in San Francisco. The company provides syndicated
research reports, customized research reports, and consulting services. To help
clients make informed business decisions, we offer market intelligence studies
ensuring relevant and fact-based research across a range of industries, from
technology to chemicals, materials and healthcare.
For more information: www.grandviewresearch.com
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