January 30, 2023 07:43 ET | Source: Research and Markets Research and Markets
Dublin, Jan. 30, 2023 (GLOBE NEWSWIRE) -- The "Prestressed Concrete (PC) Wire and Strand Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027" report has been added to ResearchAndMarkets.com's offering. The global prestressed concrete (PC) wire and strand market size reached US$ 883.63 Million in 2021. Looking forward, the publisher expects the market to reach US$ 1,142.15 Million by 2027, exhibiting a CAGR of 4.37% during 2021-2027. Prestressed Concrete (PC) Wire and Strand Market Trends: 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.
Key Market Segmentation: Breakup by Coating Type:
Key Questions Answered in This Report:
Key Topics Covered: 1 Preface 2 Scope and Methodology 3 Executive Summary 4 Introduction 5 Global Prestressed Concrete (PC) Wire and Strand Market 6 Market Breakup by Coating Type 7 Market Breakup by Type 8 Market Breakup by Application 9 Market Breakup by Region 10 SWOT Analysis 11 Value Chain Analysis 12 Porters Five Forces Analysis 13 Price Analysis 14 Competitive Landscape Companies Mentioned
For more information about this report visit https://www.researchandmarkets.com/r/hk2xyj
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