Prestressed Concrete Steel Strand Market Growth, Development Strategies, and Future Trends Analysis
Growing adoption of prefab or offsite construction in the building & construction industry is anticipated to foster the market growth of prestressed concrete steel strand over the forecast period. The global prestressed concrete steel strand market is expected to display higher growth rate over the next seven years. Rapid surge in prestressed concrete steel strand industry is credited to the growing investment by government authorities and private bodies for public & commercial infrastructure, particularly in the developing economies across the globe. Booming residential housing sector in Asia Pacific and North America region is expected to drive the growth of prestressed concrete (PC) steel strand market over the forecast period.
Growing adoption of prefab or offsite construction in the building & construction industry is anticipated to foster the market growth of prestressed concrete steel strand over the forecast period. The prefab or offsite construction services are implemented to mold the structure under controlled environment, subsequently implementing the process of curing. Globally, prestressed concrete steel strand industry is predicted to generate massive revenue over the next seven years, providing numerous opportunities for industry participants to invest in research and development of prestressed concrete steel strand.
Prestressed concrete steel strand PC strand are increasingly adopted for pre-stressed and post-tensioned concrete structures that involves bridges, parking decks, and industrial and commercial buildings. Based on type of the surface coating, prestressed concrete steel strand market is classified as no coating prestressed steel strand, prestressed epoxy coated steel strand, intended prestressed steel strand, and galvanized steel strand.
The prestressed concrete (PC) steel strand industry is broadly categorized into major segments based on the application type such as transport industry, building & construction industry, energy generation sector, and water conservancy. Building & construction industry segment is growing rapidly in the prestressed concrete steel strand market with substantial revenue generation in the last few years. Growing popularity of prestressed concrete steel strand in building & construction industry segment is attributed to the increasing product penetration and easy availability.
The prestressed concrete steel strand industry is divided by region as North America, Europe, Asia-Pacific, Latin America and Africa. North America has shown major growth in recent years owing to the rise in implementation of latest technologies in building & construction industry, surge in number of research & development activities and existence of well-established industrial infrastructure in the region. In European region, Germany, France, and United Kingdom are projected to witness steady growth.
Asia-Pacific region is estimated to hold a major market share in the prestressed concrete steel strand with massive growth in forecast period. Countries such as India, China and Singapore are leading the Asia-Pacific market with strong economic growth, rising commercial infrastructural activities, increasing governmental funding for public infrastructure and significant investment by leading industry players considering potential growth opportunities in the region.
The key players in the prestressed concrete (PC) steel strand market are Insteel Industries, Inc., American Spring Wire Corp., SWPC, Inc., ArcelorMittal S.A., The Hien Co., The Siam Industrial Wire Co., Ltd., DSD Steel Group GmbH, DWK Drahtwerke K& Technology Co., Ltd., Tianjin Silvery Dragon Prestressed Materials Co., XISC Co., Tianjin Chunpeng Prestressed Concrete Strand Co., Ltd., Tianjin Metallurgy Group Flourish Steel Industrial Co., Ltd., Xinhua Metal Products Co., Ltd., and Jiangsu Shuailong Group Co., Ltd.
Firma: Million Insights
Ansprechpartner: Tom Clark
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