In a recent published report, Kenneth Research has updated the market report for Prestressed Concrete (PC) Steel Strand Market for 2021 till 2030. Report further now discusses; the various strategies to be adopted or being adopted by the business players across the globe at various levels in the value chain. In the view of the global economic slowdown, we further estimated that China, India, Japan and South Korea to recover fastest amongst all the countries in the Asian market. Germany, France, Italy, Spain to take the worst hit and this hit is expected to be regain 25% by the end of 2021- Positive Growth in the economic demand and supply.
U.S. Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analsysis and U.S. Census Bureau mentions the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4 billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) avergae exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilest imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for Prestressed Concrete (PC) Steel Strand Market products.
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The Prestressed Concrete (PC) Steel Strand market is estimated to represent a global market of USD 2.24 billion by 2017 with growth rate of 2.5%.
Prestressed concrete is self-possessed with high strength-steel and -concrete. The combination of these two constituents, the consequential construction usage is much lesser concrete and steel and are more cost-effective. Concrete is a viable material for booming compressive strains, but has a very low-slung ductile strength. The growth of market is driven by the rising investments in infrastructure sector. The market is expected to gain momentum pertaining to increasing applications of prestressed concrete steel in construction of railway sleepers, bridges & flyovers and skyscrapers. Overall infrastructural development in developed nations such as India and China is anticipated drive the market over the forecast period.
This report presents the global market size (revenue) of key companies in Prestressed Concrete (PC) Steel Strand business. This report also discusses a comprehensive industry overview, market shares, and growth opportunities of Prestressed Concrete (PC) Steel Strand market by type, key regions and countries and key manufacturers.
Surface Coating Takeaway
In terms of surface coating, uncoated PC strands are expected to capture highest revenue share. Whereas, galvanized PC strands are expected to grow at a fastest CAGR owing to its associated benefits such as higher mechanical strength and longer shelf life compared to its counterparts.
Based on application, bridges & flyovers segment is expected to grow at a fastest CAGR due to increasing number of ongoing construction projects of bridges & flyovers in developed as well as developing regions. In 2017, bridges & flyovers segment generated revenue over USD 1 billion.
Market Segment by Regions, regional analysis covers
North America (U.S. and Canada)
Europe (France and Germany)
Asia Pacific (China and India)
Middle East and Africa
Asia Pacific is expected to grow at a fastest CAGR. Regional growth is majorly supported by the growing demand of PC strands in India, China and other Asian counties. Presence of top 3 global steel producers such as Japan, China and India are expected to boost the product demand.
Key Vendor Takeaway
The research report presents the market competition landscape and a corresponding detailed analysis of the major vendors/manufacturers in the market. Additionally, this report discusses risks faced by key manufacturers and the market as a whole. It also analyses key emerging trends and their impact on present and future industry development, followed by key manufacturers.
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Market Segment by Manufacturers, this report covers
Guizhou Wire Rope Incorporated Company
Wuhan Iron and Steel Limited
Siam Industrial Wire
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The market for prestressed concrete steel strand is highly fragmented with presence of many small manufacturers especially in China. The prominent vendors in prestressed concrete steel strand market are Siam Industrial Wire and Insteel.
The market size and forecast for each segment and sub-segments has been considered as below:
Historical Year – 2014 & 2016
Base Year – 2017
Estimated Year – 2018
Projected Year – 2025
Traders, Distributors, and Suppliers
Government and Regional Agencies
SCOPE OF THE REPORT
The scope of this report covers the market by its major segments, which include as follows:
MARKET, BY SURFACE COATING
Uncoated PC Strand
Epoxy Coated PC Strand
Galvanized PC Strand
MARKET, BY APPLICATION
MARKET, BY REGION
Rest of Europe
Rest of APAC
Rest of the World
Middle East and Africa
About Kenneth Research
Kenneth Research is a reselling agency providing market research solutions in different verticals such as Automotive and Transportation, Chemicals and Materials, Healthcare, Food & Beverage and Consumer Packaged Goods, Semiconductors, Electronics & ICT, Packaging, and Others. Our portfolio includes set of market research insights such as market sizing and market forecasting, market share analysis and key positioning of the players (manufacturers, deals and distributors, etc), understanding the competitive landscape and their business at a ground level and many more. Our research experts deliver the offerings efficiently and effectively within a stipulated time. The market study provided by Kenneth Research helps the Industry veterans/investors to think and to act wisely in their overall strategy formulation
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