What is Global Prestressed Concrete Strand Market?
The Global Prestressed Concrete Strand Market is a vast and dynamic sector that deals with the production, distribution, and use of prestressed concrete strands. These strands are a type of high-strength, tensioned steel wire used in the construction industry to reinforce concrete structures. The global market for these strands is vast, encompassing a wide range of applications and industries. In 2022, the market was valued at a whopping US$ 3546 million, and it is projected to grow even further, reaching an estimated value of US$ 4194.7 million by 2029. This represents a compound annual growth rate (CAGR) of 2.4% during the forecast period from 2023 to 2029.
Bare PC Strand, Grease Filled PC Strand, Wax Filled PC Strand, Others in the Global Prestressed Concrete Strand Market:
The Global Prestressed Concrete Strand Market is segmented into various types based on the product. These include Bare PC Strand, Grease Filled PC Strand, Wax Filled PC Strand, and others. Bare PC Strand is the most dominant segment, accounting for nearly 90% of the market share. These strands are widely used due to their high strength and durability. Grease Filled PC Strand and Wax Filled PC Strand are other significant segments in the market. These strands are filled with grease or wax to provide additional protection against corrosion, making them ideal for use in harsh environments.
Transport, Building, Energy, Water Conservancy, Others in the Global Prestressed Concrete Strand Market:
The Global Prestressed Concrete Strand Market finds its applications in various sectors such as Transport, Building, Energy, Water Conservancy, and others. In the transport sector, these strands are used in the construction of bridges, flyovers, and other infrastructure. In the building sector, they are used in the construction of high-rise buildings, residential complexes, and commercial establishments. In the energy sector, these strands are used in the construction of power plants and other energy-related infrastructure. In the water conservancy sector, they are used in the construction of dams, reservoirs, and other water-related infrastructure.
Global Prestressed Concrete Strand Market Outlook:
The Global Prestressed Concrete Strand Market is dominated by Asia-Pacific, which holds a market share of about 75%. This is followed by South America and North America, each holding a market share of about 15%. The dominance of Asia-Pacific can be attributed to the rapid urbanization and industrialization in the region, leading to increased demand for prestressed concrete strands. The market in South America and North America is also significant, driven by the robust construction industry in these regions.
| Report Metric | Details |
| Report Name | Prestressed Concrete Strand Market |
| Accounted market size in 2023 | US$ 3638.3 million |
| Forecasted market size in 2029 | US$ 4194.7 million |
| CAGR | 2.4 |
| Base Year | 2023 |
| Forecasted years | 2023 - 2029 |
| Segment by Type |
|
| Segment by Application |
|
| Production by Region |
|
| Sales by Region |
|
| By Company | Xinhua Metal, Hengxing, Silvery Dragon, Insteel, Tianjin Metallurgical, Kiswire, Tycsa PSC, ASLAK, Huaxin, Fapricela, Tata Iron and Steel, Usha Martin, Sumiden, Hunan Xianghui, Gulf Steel Strands, Shengte, Hengli, Siam Industrial Wire, Southern PC, Longtai Rare Earth & New Materials, AL-FAISAL STEEL, Strand-tech Martin, Fasten, Fuxing Keji |
| Forecast units | USD million in value |
| Report coverage | Revenue and volume forecast, company share, competitive landscape, growth factors and trends |
