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Global Prestressed Concrete (PC) Wire and Strand Market 2017-2021

Global Prestressed Concrete (PC) Wire and Strand Market 2017-2021

About Prestressed Concrete (PC) Wire and Strand

The artificial compression stress applied to neutralize tensile stress deployed by exterior force is known as prestress. The structures constructed with prestress is called PC. The wire or strand used on PC structure is known as PC wire or strand. When force is applied to the concrete, prestressing is introduced to counter the stresses resulting from the applied load. PC wires and strands are used as a medium to attain a force that can neutralize external forces such as stress or compression. Manufacturing and designing of high quality PC wires and strands have been a priority for top vendors in the market. They form an integral part of bridges and commercial and residential building constructions.

Technavio’s analysts forecast the global prestressed concrete (PC) wire and strand market to grow at a CAGR of 3.12% during the period 2017-2021.

Covered in this report

The report covers the present scenario and the growth prospects of the global prestressed concrete (PC) wire and strand market for 2017-2021. To calculate the market size, the report presents the list of product offerings of the key prominent vendors in the global market.

The market is divided into the following segments based on geography:

  • Americas
  • APAC
  • EMEA
Technavio's report, Global Prestressed Concrete (PC) Wire and Strand Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
  • ArcelorMittal
  • Ḉelik Halat ve Tel Sanayii
  • Insteel
  • Siam Industrial Wire
Other prominent vendors
  • 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
  • Wuhan Iron and Steel
Market driver
  • Low oil prices to have mixed impact on the construction industry.
  • For a full, detailed list, view our report
Market challenge
  • China's steel market volatility to impact the global PC wire and strand market.
  • For a full, detailed list, view our report
Market trend
  • Nanomaterials to expedite the building process in future.
  • For a full, detailed list, view our report
Key questions answered in this report
  • What will the market size be in 2021 and what will the growth rate be?
  • What are the key market trends?
  • What is driving this market?
  • What are the challenges to market growth?
  • Who are the key vendors in this market space?
  • What are the market opportunities and threats faced by the key vendors?
  • What are the strengths and weaknesses of the key vendors?


Press Release

Technavio Announces the Publication of its Research Report – Global Prestressed Concrete (PC) Wire and Strand Market 2017-2021

Technavio recognizes the following companies as the key players in the global prestressed concrete (PC) wire and strand market: ArcelorMittal, Ḉelik Halat ve Tel Sanayii, Insteel, and Siam Industrial Wire.

Other Prominent Vendors in the market are: 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.

Commenting on the report, an analyst from Technavio’s team said: “One trend in market is nanomaterials to expedite the building process in future. The application of nanotechnology in the construction industry is not only to enhance the material strength, durability, and function, but also to maintain energy efficiency and safety of the building. Nanotechnology deals with individual atoms and molecules that are of nanoscale between 1 and 100 nanometers (10^-9 meters).”

According to the report, one driver in market is rising popularity of prefab constructions. Most often construction sites must adjust to extreme weather conditions such as heavy rainfall, snow, and blizzards. This, not only causes delay in the schedule of construction activity but also costs thousands of dollars to the developer. To prevent such delays and loss, prefab construction was tested. At present, many end-users are opting for prefab construction. It accounts for nearly 65% share of the total construction industry. Offsite construction is also gaining ground in the construction industry because it saves time and reduces material wastage.

Further, the report states that one challenges in market is ever-increasing demand for skilled laborers. Use of PC wires and strands in the construction industry is labor-intensive and it needs skilled or specialty trade workers. Most of the skilled or specialty trade laborers have switched industries during the economic meltdown of 2008-2009 resulting in a shortage of workforce. The major areas hit by shortage of skilled labor in the construction industry are engineering firms, general contractors, and specialty trades and this, in turn, is creating a huge concern for construction companies. As the process of implementing PC strands is complex, it requires a fine degree of precision, thus skilled laborers like foremen are preferred. For instance, the foreman applies stress through power seater jack to provide proper strength to concrete slab by balancing the weight.

Companies Mentioned

ArcelorMittal, Ḉelik Halat ve Tel Sanayii, Insteel, Siam Industrial Wire, 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.

  • Executive summary
  • Scope of the report
    • Market overview
      • Table Market size calculation: Supply side
      • Table Key countries in each geographical region
    • Top-vendor offerings
      • Table Product offerings
  • Market research methodology
    • Research methodology
    • Economic indicators
  • Introduction
    • Key market highlights
      • Table Applications of PC wires and strands
      • Table Production process of PC wires and strands
  • Market landscape
    • Market overview
      • Table Market segmentation
      • Table Global PC wire and strand market 2016-2021 ($ billions)
    • Five forces analysis
      • Table Five forces analysis
  • Market segmentation by application
    • Global PC wire and strand market by application
      • Table Global PC wire and strand market by application 2016 and 2021
    • Global PC wire and strand market by railroad
      • Table Global PC wire and strand market by railroad 2016-2021 ($ billions)
      • Table Advantages of PC strand sleepers over timber sleepers
    • Global PC wire and strand market by construction equipment
      • Table Global PC wire and strand market by construction equipment 2016-2021 ($ billions)
      • Table Types of cranes
    • Global PC wire and strand market by bridges and flyovers
      • Table Global PC wire and strand market by bridges and flyovers 2016-2021 ($ billions)
      • Table PC wire and strand for cable-stayed bridges and suspension bridges
  • Geographical segmentation
    • Global PC wire and strand market by geography
      • Table Global PC wire and strand market by geography 2016 and 2021
    • PC wire and strand market in APAC
      • Table PC wire and strand market in APAC 2016-2021 ($ billions)
    • PC wire and strand market in EMEA
      • Table PC wire and strand market in EMEA 2016-2021 ($ billions)
    • PC wire and strand market in the Americas
      • Table PC wire and strand market in the Americas 2016-2021 ($ billions)
      • Table The US market scenario 2016
  • Market drivers
    • Rising popularity of prefab constructions
    • Low oil prices to have mixed impact on the construction industry
      • Table Impact of oil prices
    • Rise in number of Chinese vendors
  • Impact of drivers
    • Table Impact of drivers
  • Market challenges
    • China's steel market volatility to impact the global PC wire and strand market
    • Ever-increasing demand for skilled laborers
      • Table Segmentation of the labor industry
    • Improper placement of PC wires will result in concrete blowouts
  • Impact of drivers and challenges
    • Table Impact of drivers and challenge
  • Market trends
    • Nanomaterials to expedite the building process in future
      • Table Benefits of nanotechnology
    • Laser 3D technology in the construction industry
      • Table Application of laser technology
    • Increased infrastructure spending
  • Vendor landscape
    • Competitive landscape
    • Other prominent vendors
      • Table Other prominent vendors
  • Key vendor analysis
    • ArcelorMittal
      • Table Various business segments in ArcelorMittal
      • Table Arcelor Mittal: Product offerings
    • .elik Halat ve Tel Sanayii
      • Table .elik Halat ve Tel Sanayii: Product portfolio
    • Insteel
      • Table Insteel: Product portfolio
    • Siam Industrial Wire
      • Table Siam Industrial Wire: Product portfolio
    • Sumiden Wire
      • Table Sumiden Wire: Product portfolio
  • Appendix
    • List of abbreviations
  • Explore Technavio

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