The global prestressed concrete (PC) wire and strand market size reached US$ 963.4 Million in . Looking forward, IMARC Group expects the market to reach US$ 1,327.5 Million by , exhibiting a growth rate (CAGR) of 3.52% during -.
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Market Size in
US$ 963.4 MillionMarket Forecast in
US$ 1,327.5 Million Market Growth Rate - 3.52%
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.
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.
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 -. Our report has categorized the market based on coating type, type and application.
Breakup by Coating Type:
Breakup by Type:
Breakup by Application:
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Breakup by Region:
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 Köln 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.
Prestressed concrete is a primary material that takes into account foreordained, designing burdens to be set in individuals to balance the anxieties that happen when they are liable to stacking. It joins the high-strength compressive properties of cement with the high elasticity of steel. In customary prestressed concrete, stresses are conveyed by the steel fortification, though prestressed concrete backings are heap by initiated stresses all through the whole primary component. This makes it more impervious to stun and vibration than common cement, and ready to shape long, slender constructions with a lot more modest sectional regions to help identical burdens. Prestressed concrete was protected by San Franciscan specialist P.H Jackson in , even though it didn&#;t arise as an acknowledged structure material until 50 years after the fact when a deficiency of steel, combined with innovative progressions, made prestressed concrete the structure material of decision during European post-war recreation. It is presently ordinarily utilized for floor bars, heaps, and railroad sleepers, just as designs, for example, spans, water tanks, rooftops, and runways. By and large, prestressed concrete isn&#;t fundamental for sections and dividers, notwithstanding, it tends to be utilized financially for tall segments and high holding dividers with high bowing anxieties. Wire for prestressed concrete, prestressed concrete wire, is produced using prepared firmly alloyed carbon. You can easily buy this wire from Group Nirmal. After the wire-drawing tasks, they can mesh. The market for wires and strands for prestressed concrete is dependent upon guidelines (public endorsements). These wires, described by their wide distances across, are for the most part drawn after descaling and store of a responsive surface covering of the phosphate type.
The market for PC wire is exceptionally serious. The greases utilized should give an always more significant level of efficiency regarding:
The wires and strands can be dependent upon a light warmth treatment which has no outcome on the decision of ointment.
The wire drawing powders utilized are described by their high ability to oppose solid twisting limitations. Prestressed concrete strand is utilized of prestressed concrete construction strengthened, for example, enormous range spans on rail route and parkway, overhead crane shaft, rock-soil mooring project, multi-story modern structures, arenas, mines and so forth PE covered steel strand for prestressed concrete is appropriate for enormous range and huge straights cast set up the solid floor, huge heap of precast bars and other unique construction.
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