Prestressed Concrete (PC) Wire and Strand Market - Expected to Reach $4.2 Billion by 2025

The global prestressed concrete (PC) wire and strand market value is expected to reach USD 4.2 billion by 2025. 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.

Further key findings from the report suggest:

Companies Mentioned

Key Topics Covered:

Chapter 1 Methodology and Scope

Chapter 2 Executive Summary

Chapter 3 Prestressed Concrete (PC) Wire and Strand Market Variables, Trends and Scope

Chapter 4 Prestressed Concrete (PC) Wire and Strand Market: Surface Coatings Estimates & Trend Analysis

Chapter 5 Prestressed Concrete (PC) Wire and Strand Market: Application Estimates & Trend Analysis

Chapter 6 Prestressed Concrete (PC) Wire and Strand Market: Regional Estimates & Trend Analysis

Chapter 7 Competitive Landscape

Chapter 8 Company Profiles

For more information about this report visit https://www.researchandmarkets.com/research/g8r5ws/prestressed

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