The global prestressed concrete (PC) wire and strand market size reached US$ 883.63 Million in 2021. Looking forward, IMARC Group expects the market to reach US$ 1,142.15 Million by 2027, exhibiting a growth rate (CAGR) of 4.20% during 2022-2027.

Prestressed concrete (PC) wire and strand is a medium of attaining force that assists in neutralizing external forces, including stress and compression, and provides optimal strength to buildings. It offers stability and resistance to extreme temperature, abrasion, water, lubricity, and crack. It is widely used in manufacturing precast concrete elements and poles, rock and soil anchors. At present, PC wire and strand is gaining immense traction in the construction industry across the globe.

Prestressed Concrete (PC) Wire and Strand Market Trends:
The growing global population is resulting in the increasing construction of residential and commercial buildings. This represents one of the key factors positively influencing the market. In addition, rapid urbanization, industrialization, and a considerable rise in remodeling and renovation activities are catalyzing the demand for PC wires and strands across the globe. They are used for constructing various components, including segmental blocks, piers, and foundations, for providing stability to the structure. Along with this, the escalating demand for housing services and the growing business activities are increasing product sales. The rapid construction of flyovers, bridges, hospitals, hotels, auditoriums, heritage sites, shopping malls, and other public structures is also offering lucrative growth opportunities to manufacturers. Apart from this, the increasing popularity of prefab or offsite construction and the rising utilization of PC in crane beams, cement poles, multi-factory frameworks, and railway sleepers is offering a favorable market outlook. In line with this, continuous investments by governments of various countries in real estate and mega infrastructure projects to support economic growth are driving the market. Furthermore, leading market players are focusing on improving manufacturing technologies and introducing advanced product variants with optimal efficiency and strength, which is expected to propel market growth.

Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global prestressed concrete (PC) wire and strand market report, along with forecasts at the global, regional and country level from 2022-2027. Our report has categorized the market based on coating type, type and application.

Breakup by Coating Type:

Uncoated PC Strand
Galvanized PC Strand
Epoxy Coated PC Strand
Others

Breakup by Type:

Prestressed PC Steel Wire
Plain PC Wire
Indented PC Wire
Spiral Ribbed PC Wire

Breakup by Application:

Bridges
Buildings

Breakup by Region:

North America
United States
Canada
Asia-Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa

Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players being AL ITTEFAQ STEEL PRODUCTS CO., ArcelorMittal S.A., DWK Drahtwerk K?ln GmbH, FAPRICELA, Guizhou Wire Rope Incorporated Company, Henan Hengxing Science & Technology Co. Ltd., Insteel Engineers Pvt Ltd., Quantum Steel, Southern Steel Group, Sumiden Wire and Usha Martin Ltd.

Key questions answered in this report:
How has the global prestressed concrete (pc) wire and strand market performed so far and how will it perform in the coming years?
What has been the impact of COVID-19 on the global prestressed concrete (pc) wire and strand market?
What are the key regional markets?
What is the breakup of the market based on the coating type?
What is the breakup of the market based on the type?
What is the breakup of the market based on the application?
What are the various stages in the value chain of the industry?
What are the key driving factors and challenges in the industry?
What is the structure of the global prestressed concrete (pc) wire and strand market and who are the key players?
What is the degree of competition in the industry?