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 and drafting products, as a
result of which developers are heavily investing in R&D activities.
U.S. prestressed concrete wire
and strand market by application, 2014 - 2025 (USD Million)
Browse full research report on 3D CAD Software 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.
Access Press Release By Grand View Research: http://www.grandviewresearch.com/press-release/global-prestressed-concrete-pc-wire-strand-market
About Grand View Research,
Inc:
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, the company offers market intelligence studies ensuring relevant and
fact-based research across a range of industries including technology,
chemicals, materials, healthcare and energy.
For more information: http://www.grandviewresearch.com
No comments:
Post a Comment