Overview of the global prestressed concrete (PC) wire and strand market

Technavio’s market research report predicts that the global prestressed concrete (PC) wire and strand market will post a CAGR of more than 3% during the forecast period. Low oil prices that have a mixed impact on the construction industry will be one of the primary drivers for market growth. The decreasing oil prices across the globe results in the reduction in prices of petroleum-based products such as asphalt, plastic materials, material insulation, and polyvinyl chloride material, consequently fueling the growth of the construction industry. Additionally, the reducing oil and gas prices also reduces the transportation costs for construction firms, which will again makes it less expensive to carry out different operational activities. As a result, the coming years will witness a significant increase in the number of construction activities across the globe, which will subsequently drive market growth.

The rising focus on infrastructure development will lead to the growth of numerous sectors connected to the construction industry. Since PC wire and strands are a significant part of the construction material industry, the market will witness an increase in its demand, especially for prefab construction. This increase demand will induce vendors to focus more on improving the quality of their product and they will greatly benefit from the subsidies provided by the various governments since it enables them to introduce economical products.

Competitive analysis and key vendors

The global PC wire and strand market is fragmented and consists of both local and international vendors. Several market players are focusing on increasing their geographical presence by forming partnerships with the local players which will help them reduce their production costs and enhance efficiency. Moreover, the vendors will also focus on working on other markets that encourage the application of PC strands in industries such as the mining and automotive sectors and will also concentrate on R&D activities to introduce innovative products.  

Key vendors in the market are:

• ArcelorMittal
• Ḉelik Halat ve Tel Sanayii
• Insteel
• Siam Industrial Wire

Other prominent vendors include AL ITTEFAQ STEEL PRODUCTS, DWK Drahtwerk Cologne, FAPRICELA, Guizhou Wire Rope, Gulf Steel Strands, Henan Hengxing Science&Technology, Hubei Fuxing Science and Technology, Hunan Xianghui Metal Products, KISWIRE, Chongqing Longtai Rare Earth & New Materials Co, Silver Dragon, Southern Steel, Steel Group, Tianjin Shengte Pressed Concrete Steel Stand, Tycsa-PSC, United Wire Factories, and Wuhan Iron and Steel.

Segmentation by application and analysis of the PC wire and strand market

• Railroad industry
• Construction equipment
• Bridges and flyovers

During 2016, the railroad industry dominated the application segment of the global PC wire and strand market and is expected to continue its dominance over the next four years. The rise in disposable incomes and fast-growing urbanization will propel the growth of this market segment during the forecast period. 

Geographical segmentation and analysis of the PC wire and strand market

• Americas
• APAC
• EMEA

In terms of geographic regions, APAC led the PC wire and strand market during 2016. The presence of a large number of vendors in China, the rise in infrastructure spending, and rapid urbanization, will drive the growth of the market in APAC. According to this marker research report, this region will continue its dominance during the forecast period as well.  

Key questions answered in the report include

• What will the market size and the growth rate be in 2021?
• What are the key factors driving the global PC wire and strand market?
• What are the key market trends impacting the growth of the global PC wire and strand market?
• What are the challenges to market growth?
• Who are the key vendors in the global PC wire and strand market?
• What are the market opportunities and threats faced by the vendors in the global PC wire and strand market?
• Trending factors influencing the market shares of the Americas, APAC, and EMEA.
• What are the key outcomes of the five forces analysis of the global PC wire and strand market?

Technavio also offers customization on reports based on specific client requirement.

Prestressed concrete steel strand, also known as PC strand, is used in the construction of bridges, parking decks, and industrial and commercial buildings. Technavio’s reports for the heavy industry offer insights for an assorted range of product markets including engineering and tools. In addition to providing information on a diverse range of parameters including uncertain customer choices and factors driving the general retail goods and services market, Technavio’s reports also include an extensive analysis of the latest products and services by prominent vendors and the competitive landscape of the heavy industry.

By conducting a triangulated research approach of primary and secondary data techniques and taking into regard several factors such as the increasing demand for products globally, research experts at Technavio determine the growth scenarios of the construction industry to help clients frame new strategies. This upcoming market research report on the global prestressed wire and strand market in the construction industry for the forecast period of 2017 to 2021 offers insights derived from sound sources of information such as channel partners, stakeholders, manufacturers, and regulatory bodies. This upcoming industry report on the global prestressed wire and strand market in the construction industry considers the growth of resembling market such as construction dumper, which is expected to grow at a CAGR of above 6% by 2021. Technavio also provides customized reports for clients to augment their dominance in the market.

The upcoming industry research report for global prestressed wire and strand market in the construction industry also identifies the key market drivers, key trends, and the pain points currently experienced by vendors in the heavy industry sector. This upcoming report also offers insights into the markets of unit operations and test measurement.