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Global Stainless Steel Wire Rods Market 2017-2021

Global Stainless Steel Wire Rods Market 2017-2021

About Stainless Steel Wire Rod

Stainless steel wire rods are manufactured by hot rolling billets on continuous rolling mills. They are wound up in coils and have a round cross-section. Stainless steel wire rods have high tensile strength and are used in various industrial applications such as reinforcing materials for tires and conveyor belts. Stainless steel wire rods are manufactured by hot rolling billets on continuous rolling mills. They are wound up in coils and have a round cross-section. Stainless steel wire rods have high tensile strength and are used in various industrial applications such as reinforcing materials for tires and conveyor belts.

Technavio’s analysts forecast the global stainless steel wire rod market to grow at a CAGR of 3.50% during the period 2017-2021.

Covered in this report

The report covers the present scenario and the growth prospects of the global stainless steel wire rod market for 2017-2021. To calculate the market size, the report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.

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

  • APAC
  • Europe
  • North America
  • ROW
Technavio's report, Global Stainless Steel Wire Rod 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
  • EVRAZ
  • Gerdau
  • SHAGANG GROUP
  • NSSMC
Other prominent vendors
  • Central Wire
  • Emirates Steel
  • Fagersta Stainless
  • Hebei Sakaguchi Stainless Steel
  • Ivaco Rolling Mills (HEICO)
Market driver
  • Increased usage of stainless steel wire in various industries.
  • For a full, detailed list, view our report
Market challenge
  • Risks associated with plant location.
  • For a full, detailed list, view our report
Market trend
  • Developing sustainable economic performance in current stainless steel market.
  • 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 Stainless Steel Wire Rod Market 2017-2021

Technavio recognizes the following companies as the key players in the global stainless steel wire rod market: ArcelorMittal, EVRAZ, Gerdau, SHAGANG GROUP, and NSSMC.

Other Prominent Vendors in the market are: Central Wire, Emirates Steel, Fagersta Stainless, Hebei Sakaguchi Stainless Steel, and Ivaco Rolling Mills (HEICO).

Commenting on the report, an analyst from Technavio’s team said: “One trend in market is demand for different types of stainless steel wire rods. Stainless steel wire rods are available in different grades. Grades that have lower alloys combination will resist corrosion in pure water or atmospheric environments. Grades that have a higher alloy combination can resist corrosion in alkaline or acid solutions and chlorine bearing environments, such as processing plants and other industrial facilities.”

According to the report, one driver in market is increased usage of stainless steel wire in various industries. Stainless steel is used in a wide variety of applications in both industrial and consumer products because of its strength, durability, malleability, corrosion resistance, and attractive surface appearance. The major application of stainless steel wire rods is stainless steel wires which are used widely in many industries. In the automotive manufacturing industry, it is used commonly for reinforcing tires and to produce the drivetrain, steel wheel, exhaust, seating, and vehicle door systems. The global automotive industry is experiencing steady growth, and the volume of automobiles sold is expected to increase. The small vehicle segment consisting of microcars, superminis, and subcompacts account for approximately 30% of global vehicle sales.

Further, the report states that one challenges in market is economic downturns. Macroeconomic hurdles hamper the demand from the construction industry, which is a major end-user of stainless steel wire rods. This was much evident during 2010-2013, post global economic recession, which was further backed by the Eurozone crisis, which led to a significant decline in investment in the construction industry. European countries are still recovering from the Eurozone crisis, which has resulted in low spending in the construction sector due to financial constraints. For instance, the devaluation of the Chinese currency in August 2015 has already raised speculation across countries pertaining to export and import. In addition, regulatory hurdles also pose a serious challenge to the construction and building stainless steel wire rods industries. These factors will directly pose challenges to the stainless-steel wire rods market.

Companies Mentioned

ArcelorMittal, EVRAZ, Gerdau, SHAGANG GROUP, NSSMC, Central Wire, Emirates Steel, Fagersta Stainless, Hebei Sakaguchi Stainless Steel, and Ivaco Rolling Mills (HEICO).

  • Executive summary
  • Scope of the report
  • Research Methodology
  • Introduction
    • Key market highlights
    • Overview
  • Market landscape
    • Market overview
      • Table Top countries producing stainless steel in 2016
    • Market size and forecast
      • Table Global stainless steel wire rods market 2016 and 2021 (thousand metric tons)
      • Table Market forecast: Global stainless steel wire rods market 2016-2021
    • Five forces analysis
      • Table Five forces analysis
  • Market segmentation by application
    • Global stainless steel wire rods market by application
      • Table Global stainless steel wire rods market by application 2016
      • Table Global stainless steel wire rods market by application 2021
    • Global stainless steel wire market
      • Table Global stainless steel wire market 2016 and 2021 (thousand metric tons)
      • Table Market forecast: Global stainless steel wire market 2016-2021
    • Global stainless steel fasteners market
      • Table Global stainless steel fasteners market 2016 and 2021 (thousand metric tons)
      • Table Market forecast: Global stainless steel fasteners market 2016-2021
    • Global stainless steel bright bars market
      • Table Global stainless steel bright bars market 2016 and 2021 (thousand metric tons)
      • Table Market forecast: Global stainless steel bright bars market 2016-2021
    • Global stainless steel wire rods market for other applications
      • Table Global stainless steel wire rods market for other applications 2016 and 2021 (thousand metric tons)
      • Table Market forecast: Global stainless steel wire rods market for other applications 2016-2021
  • Market segmentation by geography
    • Global stainless steel wire rods market by geography
      • Table Global stainless steel wire rods market by geography 2016
      • Table Global stainless steel wire rods market by geography 2021
    • Stainless steel wire rods market in APAC
      • Table Stainless steel wire rods market in APAC 2016 and 2021 (thousand metric tons)
      • Table Market forecast: Stainless steel wire rods market in APAC 2016-2021
      • Table Consumption of stainless steel wire rods in APAC 2015
    • Stainless steel wire rods market in Europe
      • Table Stainless steel wire rods market in Europe 2016 and 2021 (thousand metric tons)
      • Table Market forecast: Stainless steel wire rods market in Europe 2016-2021
    • Stainless steel wire rods market in North America
      • Table Stainless steel wire rods market in North America 2016 and 2021 (thousand metric tons)
      • Table Market forecast: Stainless steel wire rods market in North America 2016-2021
      • Table Consumption of stainless steel wire rods in North America 2015
    • Stainless steel wire rods market in ROW
      • Table Stainless steel wire rods market in ROW 2016 and 2021 (thousand metric tons)
      • Table Market forecast: Stainless steel wire rods market in ROW 2016-2021
  • Decision framework
  • Drivers and challenges
    • Market drivers
    • Impact of drivers on key geographic segments
      • Table Impact of drivers
    • Market challenges
    • Impact of challenges on key geographic segments
      • Table Impact of challenges
  • Market trends
    • Demand for different types of stainless steel wire rods
    • Developing sustainable economic performance in current stainless steel market
    • Investment in road infrastructure
  • Vendor landscape
    • Competitive scenario
      • Table Major competitors in global stainless steel wire rods market
      • Table Key competitive factors in global stainless steel wire rods market
    • Other prominent vendors
  • Key vendor analysis
    • ArcelorMittal
      • Table ArcelorMittal: Business segmentation by revenue 2016
      • Table ArcelorMittal: Geographic segmentation by revenue 2016
    • EVRAZ
      • Table EVRAZ: Product segmentation by revenue 2016
      • Table EVRAZ: Geographic segmentation by revenue 2016
    • Gerdau
      • Table Gerdau: Product segmentation by application
      • Table Gerdau: Product segmentation by revenue 2015
    • SHAGANG GROUP
      • Table SHAGANG GROUP: Product segmentation
    • NSSMC
      • Table NSSMC: Stainless steel wire rods in various applications.
      • Table NSSMC: Business segmentation by revenue 2016
      • Table NSSMC: Geographic segmentation by revenue 2016
  • Appendix
    • List of abbreviations
  • Explore Technavio

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