According to a market report by Lucintel, the future of the global prestressed steel wire and strand market looks promising with opportunities in the railroad, construction equipment, bridge & flyover, and energy applications. The global prestressed steel wire and strand market is expected to reach an estimated $4.4 billion by 2030 from $3.4 billion in 2023, at a CAGR of 4.5% from 2024 to 2030. The major drivers for this market are rising need for prestressed steel in construction projects and growing demand for epoxy-coated prestressing steel strands in various end use applications.
A more than 150-page report to understand trends, opportunity and forecast in prestressed steel wire and strand market to 2030 by product type (wire and strand), coating type (uncoated, galvanized, epoxy coated, HDPE coated, and others), application (railroad, construction equipment, bridges & flyovers, energy, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World).
Lucintel forecasts that stand is expected to witness the higher growth over the forecast period due to its wide variety of application in bridge construction, precast concrete, and energy.
APAC is expected to witness highest growth over the forecast period due to rapid urbanization and industrialization, continual GDP growth, presence of key production hubs in the region.
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Bekaert, ÇELİK HALAT ve Tel Sanayii, DNA PC Strand, DWK Drahtwerke Köln, FAPRICELA - Indústria de Trefilaria, Henan Hengxing Science & Technology, Hjulsbro Steel, Hubei Fuxing New Material Technology, Insteel, KISWIRE are the major suppliers in the prestressed steel wire and strand market.
This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or write us at [email protected] To get access of more than 1000 reports at fraction of cost visit Lucintel's Analytics Dashboard.
About Lucintel
At Lucintel, we offer solutions for you growth through game changer ideas and robust market & unmet needs analysis. We are based in Dallas, TX and have been a trusted advisor for 1,000+ clients for over 20 years. We are quoted in several publications like the Wall Street Journal, ZACKS, and the Financial Times.
Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: [email protected]
Tel. +1-972-636-5056
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