Prestressed Concrete Wire And Strand Market
PUBLISHED: 2025 ID: SMRC28552
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Prestressed Concrete Wire And Strand Market

Prestressed Concrete Wire and Strand Market Forecasts to 2030 - Global Analysis by Product (Prestressed Concrete Wire and Prestressed Concrete Strand), Material, Coating, Diameter, Application, End User and By Geography

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4.4 (34 reviews)
Published: 2025 ID: SMRC28552

This report covers the impact of COVID-19 on this global market
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According to Stratistics MRC, the Global Prestressed Concrete Wire and Strand Market is accounted for $3.8 billion in 2024 and is expected to reach $5.8 billion by 2030 growing at a CAGR of 7.4% during the forecast period. Prestressed concrete wire and strand are specialized steel components used to reinforce and pre-tension concrete structures, enhancing their strength and load-bearing capacity. The wire and strand are typically made of high-carbon steel, offering excellent tensile properties and durability. In prestressed concrete, these materials are pre-tensioned or post-tensioned to induce compressive stress, counteracting tensile forces during service and preventing cracks. This technique is widely employed in constructing bridges, highways, buildings, and other infrastructure projects requiring enhanced stability and longer lifespan. Prestressed concrete wire and strand are valued for their ability to improve structural performance, reduce material usage, and ensure cost-efficient, durable construction solutions.

Market Dynamics: 

Driver: 

Rising Demand for Infrastructure Development

The rising demand for infrastructure development positively drives the prestressed concrete wire and strand market by fueling the need for durable, high-strength construction materials. With increased investments in bridges, highways, and urban buildings, these components are essential for enhancing structural integrity and load-bearing capacity. Rapid urbanization in emerging economies amplifies demand, while government initiatives for modernizing infrastructure further boost the market, ensuring sustained growth and expanding opportunities for manufacturers and suppliers.

Restraint:

High Initial Costs

High initial costs of prestressed concrete wire and strand production can hinder market growth by limiting adoption, especially in cost-sensitive projects. These materials require significant upfront investment in manufacturing and equipment, which may deter small and medium-sized construction companies from using them. Additionally, the high cost can lead to budget constraints in large-scale infrastructure projects, delaying implementation or pushing companies to opt for more affordable alternatives, thus slowing market expansion.

Opportunity:

Advancements in Construction Techniques

Advancements in construction techniques benefit the industry by encouraging the use of novel structural designs and efficient building processes. The need for high-strength reinforcing materials like prestressed wires and strands is being driven by these strategies, which place an emphasis on sustainability, cost effectiveness, and longevity. The market is boosted by the growing usage of precast and modular construction, along with advanced tensioning techniques, which provide better structural performance, quicker project execution, and less material waste, all of which match the demands of contemporary building.

Threat:

Fluctuating Raw Material Prices

Fluctuating raw material prices, especially for steel, significantly hinder the prestressed concrete wire and strand market by increasing production costs and creating uncertainty for manufacturers. These price variations can lead to higher overall material costs, affecting profit margins and project budgets. Additionally, unpredictability in prices makes it challenging for businesses to maintain stable pricing for customers, potentially causing delays in projects and hindering the market's growth.

Covid-19 Impact: 

The COVID-19 pandemic disrupted the Prestressed Concrete Wire and Strand Market by causing delays in construction projects, supply chain interruptions, and labor shortages. Lockdowns and restrictions slowed manufacturing and transportation, leading to a temporary dip in demand. However, as recovery efforts gain momentum and infrastructure projects resume, the market is gradually recovering, with increasing demand for durable construction materials in post-pandemic rebuilding and development initiatives.

The stainless steel segment is expected to be the largest during the forecast period

The stainless steel segment is expected to account for the largest market share during the forecast period, because it improves corrosion resistance, durability, and structural lifetime. Concrete components last longer thanks to stainless steel's exceptional resistance to environmental elements including moisture and chemicals, especially in challenging environments. Because of this, stainless steel is a desirable option for infrastructure projects, which increases demand for prestressed concrete wire and strand, particularly in industrial, high-moisture, and coastal settings.

The bridges and flyovers segment is expected to have the highest CAGR during the forecast period

Over the forecast period, the bridges and flyovers segment is predicted to witness the highest growth rate owing to demand for high-strength, durable materials for infrastructure projects. As urbanization and transportation networks expand, the need for efficient and safe bridges and flyovers increases. Prestressed concrete, enhanced by wire and strand technology, offers superior load-bearing capacity and longevity, making it ideal for these applications. This growing infrastructure development boosts the demand for prestressed concrete wire and strand products in construction.

Region with largest share:

During the forecast period, the North America region is expected to hold the largest market share due to demand for infrastructure development, including bridges, highways, and commercial buildings. Increasing urbanization and government investments in construction projects boost the need for durable, high-strength materials like prestressed concrete. Additionally, the rise in renewable energy projects, such as wind farms, and advancements in construction technologies contribute to market growth, offering enhanced performance and sustainability in structural applications.

Region with highest CAGR:

Over the forecast period, the Asia Pacific region is anticipated to exhibit the highest CAGR because of growing urbanization, infrastructural development, and the need for long-lasting building materials. Large-scale projects like bridges, roads, and apartment buildings are becoming more common, which increases demand for prestressed concrete components because of their durability and strength. The region's market is expanding due in large part to government expenditures in infrastructure and the expanding construction sector in nations like China and India.

Key players in the market

Some of the key players in Prestressed Concrete Wire and Strand market include ArcelorMittal, Nippon Steel Corporation, Sumitomo Metal Industries, Tata Steel, Usha Martin Limited, Xiwang Special Steel Company, Jiangsu Shagang Group, Shandong Laigang Yongfeng Steel, Siderurgica Venezolana SIVENSA, Wuhan Iron and Steel Corporation, JFE Steel Corporation, Hyundai Steel Company, Steel Authority of India Limited (SAIL), POSCO, Hanil Steel Co. Ltd., Dongkuk Steel Mill Co., Ltd., Bekaert, U.S. Steel, Ispat Industries Ltd. and Fujian Teda Group. 

Key Developments:

In December 2024, Tata Steel UK has entered into an agreement with JCB to supply low-carbon or “green” steel from its Port Talbot facility. This collaboration aligns with JCB’s focus on reducing carbon emissions in its manufacturing and machinery.

In November 2024, Tata Steel Netherlands and ECOLOG, along with various other partners, aim to import hydrogen and export CO2 from Amsterdam. They have announced the study into the economic viability of what is known as a ""trade corridor."" 

In May 2024, Tata Steel and the Henry Royce Institute for Advanced Materials (Royce) have signed a Collaboration Agreement, marking a significant step towards establishing the proposed new UK Centre for Innovation in Advanced Materials.

Products Covered:
• Prestressed Concrete Wire
• Prestressed Concrete Strand

Materials Covered:
• Low-Carbon Steel 
• High-Carbon Steel 
• Stainless Steel 
• Alloy Steel

Coatings Covered:
• Galvanized 
• Zinc-Coated 
• Polymer-Coated 
• Enameled

Diameters Covered:
• Prestressed Concrete Structures 
• Less than 5 mm 
• 5-10 mm 
• 10-15 mm 
• Over 15 mm

Applications Covered:
• Bridges and Flyovers 
• High-Rise Buildings 
• Power Transmission Lines 
• Wire Ropes 
• Lifting and Rigging

End Users Covered:
• Residential Construction
• Commercial Construction
• Infrastructure Projects
• Other End Users

Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan        
o China        
o India        
o Australia  
o New Zealand
o South Korea
o Rest of Asia Pacific    
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa 
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2022, 2023, 2024, 2026, and 2030
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements

Free Customization Offerings: 
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances

Table of Contents

1 Executive Summary      
        
2 Preface       
 2.1 Abstract      
 2.2 Stake Holders     
 2.3 Research Scope     
 2.4 Research Methodology    
  2.4.1 Data Mining    
  2.4.2 Data Analysis    
  2.4.3 Data Validation    
  2.4.4 Research Approach    
 2.5 Research Sources     
  2.5.1 Primary Research Sources   
  2.5.2 Secondary Research Sources   
  2.5.3 Assumptions    
        
3 Market Trend Analysis     
 3.1 Introduction     
 3.2 Drivers      
 3.3 Restraints     
 3.4 Opportunities     
 3.5 Threats      
 3.6 Product Analysis     
 3.7 Application Analysis    
 3.8 End User Analysis     
 3.9 Emerging Markets     
 3.10 Impact of Covid-19     
        
4 Porters Five Force Analysis     
 4.1 Bargaining power of suppliers    
 4.2 Bargaining power of buyers    
 4.3 Threat of substitutes    
 4.4 Threat of new entrants    
 4.5 Competitive rivalry     
        
5 Global Prestressed Concrete Wire and Strand Market, By Product 
 5.1 Introduction     
 5.2 Prestressed Concrete Wire    
 5.3 Prestressed Concrete Strand    
        
6 Global Prestressed Concrete Wire and Strand Market, By Material 
 6.1 Introduction     
 6.2 Low-Carbon Steel      
 6.3 High-Carbon Steel      
 6.4 Stainless Steel      
 6.5 Alloy Steel     
        
7 Global Prestressed Concrete Wire and Strand Market, By Coating 
 7.1 Introduction     
 7.2 Galvanized      
 7.3 Zinc-Coated      
 7.4 Polymer-Coated      
 7.5 Enameled     
        
8 Global Prestressed Concrete Wire and Strand Market, By Diameter 
 8.1 Introduction     
 8.2 Prestressed Concrete Structures    
 8.3 Less than 5 mm      
 8.4 5-10 mm       
 8.5 10-15 mm      
 8.6 Over 15 mm     
        
9 Global Prestressed Concrete Wire and Strand Market, By Application 
 9.1 Introduction     
 9.2 Bridges and Flyovers     
 9.3 High-Rise Buildings      
 9.4 Power Transmission Lines     
 9.5 Wire Ropes      
 9.6 Lifting and Rigging     
        
10 Global Prestressed Concrete Wire and Strand Market, By End User 
 10.1 Introduction     
 10.2 Residential Construction    
 10.3 Commercial Construction    
 10.4 Infrastructure Projects    
 10.5 Other End Users     
        
11 Global Prestressed Concrete Wire and Strand Market, By Geography 
 11.1 Introduction     
 11.2 North America     
  11.2.1 US     
  11.2.2 Canada     
  11.2.3 Mexico     
 11.3 Europe      
  11.3.1 Germany     
  11.3.2 UK     
  11.3.3 Italy     
  11.3.4 France     
  11.3.5 Spain     
  11.3.6 Rest of Europe    
 11.4 Asia Pacific     
  11.4.1 Japan     
  11.4.2 China     
  11.4.3 India     
  11.4.4 Australia     
  11.4.5 New Zealand    
  11.4.6 South Korea    
  11.4.7 Rest of Asia Pacific    
 11.5 South America     
  11.5.1 Argentina    
  11.5.2 Brazil     
  11.5.3 Chile     
  11.5.4 Rest of South America   
 11.6 Middle East & Africa    
  11.6.1 Saudi Arabia    
  11.6.2 UAE     
  11.6.3 Qatar     
  11.6.4 South Africa    
  11.6.5 Rest of Middle East & Africa   
        
12 Key Developments      
 12.1 Agreements, Partnerships, Collaborations and Joint Ventures 
 12.2 Acquisitions & Mergers    
 12.3 New Product Launch    
 12.4 Expansions     
 12.5 Other Key Strategies    
        
13 Company Profiling      
 13.1 ArcelorMittal     
 13.2 Nippon Steel Corporation    
 13.3 Sumitomo Metal Industries    
 13.4 Tata Steel     
 13.5 Usha Martin Limited    
 13.6 Xiwang Special Steel Company   
 13.7 Jiangsu Shagang Group    
 13.8 Shandong Laigang Yongfeng Steel   
 13.9 Siderurgica Venezolana SIVENSA   
 13.10 Wuhan Iron and Steel Corporation   
 13.11 JFE Steel Corporation    
 13.12 Hyundai Steel Company    
 13.13 Steel Authority of India Limited (SAIL)   
 13.14 POSCO      
 13.15 Hanil Steel Co. Ltd.     
 13.16 Dongkuk Steel Mill Co., Ltd.    
 13.17 Bekaert      
 13.18 U.S. Steel      
 13.19 Ispat Industries Ltd.     
 13.20 Fujian Teda Group     
        
List of Tables       
1 Global Prestressed Concrete Wire and Strand Market Outlook, By Region (2022-2030) ($MN)
2 Global Prestressed Concrete Wire and Strand Market Outlook, By Product (2022-2030) ($MN)
3 Global Prestressed Concrete Wire and Strand Market Outlook, By Prestressed Concrete Wire (2022-2030) ($MN)
4 Global Prestressed Concrete Wire and Strand Market Outlook, By Prestressed Concrete Strand (2022-2030) ($MN)
5 Global Prestressed Concrete Wire and Strand Market Outlook, By Material (2022-2030) ($MN)
6 Global Prestressed Concrete Wire and Strand Market Outlook, By Low-Carbon Steel  (2022-2030) ($MN)
7 Global Prestressed Concrete Wire and Strand Market Outlook, By High-Carbon Steel  (2022-2030) ($MN)
8 Global Prestressed Concrete Wire and Strand Market Outlook, By Stainless Steel  (2022-2030) ($MN)
9 Global Prestressed Concrete Wire and Strand Market Outlook, By Alloy Steel (2022-2030) ($MN)
10 Global Prestressed Concrete Wire and Strand Market Outlook, By Coating (2022-2030) ($MN)
11 Global Prestressed Concrete Wire and Strand Market Outlook, By Galvanized  (2022-2030) ($MN)
12 Global Prestressed Concrete Wire and Strand Market Outlook, By Zinc-Coated  (2022-2030) ($MN)
13 Global Prestressed Concrete Wire and Strand Market Outlook, By Polymer-Coated  (2022-2030) ($MN)
14 Global Prestressed Concrete Wire and Strand Market Outlook, By Enameled (2022-2030) ($MN)
15 Global Prestressed Concrete Wire and Strand Market Outlook, By Diameter (2022-2030) ($MN)
16 Global Prestressed Concrete Wire and Strand Market Outlook, By Prestressed Concrete Structures  (2022-2030) ($MN)
17 Global Prestressed Concrete Wire and Strand Market Outlook, By Less than 5 mm  (2022-2030) ($MN)
18 Global Prestressed Concrete Wire and Strand Market Outlook, By 5-10 mm  (2022-2030) ($MN)
19 Global Prestressed Concrete Wire and Strand Market Outlook, By 10-15 mm  (2022-2030) ($MN)
20 Global Prestressed Concrete Wire and Strand Market Outlook, By Over 15 mm (2022-2030) ($MN)
21 Global Prestressed Concrete Wire and Strand Market Outlook, By Application (2022-2030) ($MN)
22 Global Prestressed Concrete Wire and Strand Market Outlook, By Bridges and Flyovers  (2022-2030) ($MN)
23 Global Prestressed Concrete Wire and Strand Market Outlook, By High-Rise Buildings  (2022-2030) ($MN)
24 Global Prestressed Concrete Wire and Strand Market Outlook, By Power Transmission Lines  (2022-2030) ($MN)
25 Global Prestressed Concrete Wire and Strand Market Outlook, By Wire Ropes  (2022-2030) ($MN)
26 Global Prestressed Concrete Wire and Strand Market Outlook, By Lifting and Rigging (2022-2030) ($MN)
27 Global Prestressed Concrete Wire and Strand Market Outlook, By End User (2022-2030) ($MN)
28 Global Prestressed Concrete Wire and Strand Market Outlook, By Residential Construction (2022-2030) ($MN)
29 Global Prestressed Concrete Wire and Strand Market Outlook, By Commercial Construction (2022-2030) ($MN)
30 Global Prestressed Concrete Wire and Strand Market Outlook, By Infrastructure Projects (2022-2030) ($MN)
31 Global Prestressed Concrete Wire and Strand Market Outlook, By Other End Users (2022-2030) ($MN)
        
Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.

List of Figures

RESEARCH METHODOLOGY


Research Methodology

We at Stratistics opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.

Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.

Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.

Data Mining

The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.

Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.

Data Analysis

From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:

  • Product Lifecycle Analysis
  • Competitor analysis
  • Risk analysis
  • Porters Analysis
  • PESTEL Analysis
  • SWOT Analysis

The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.


Data Validation

The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.

We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.

The data validation involves the primary research from the industry experts belonging to:

  • Leading Companies
  • Suppliers & Distributors
  • Manufacturers
  • Consumers
  • Industry/Strategic Consultants

Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.


For more details about research methodology, kindly write to us at info@strategymrc.com

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