The new report by Expert Market Research titled, ‘The United States Prestressed Concrete (PC) Wire and Strand Market Report and Forecast 2021-2026’, gives an in-depth analysis of the United States Prestressed Concrete (PC) Wire and Strand Market, assessing the market based on its segments like surface coating, application, and region. The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analysing the market based on the SWOT and Porter’s Five Forces models.
Note 1: For a snapshot of the primary and secondary data of the market (2016-2026), along with business strategies and detailed market segmentation, please click on the request sample report. The sample report shall be delivered to you within 24 hours.
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The key highlights of the report include:
Market Overview (2016-2026)
- Historical Market Size (2020): USD 241 Million
- Forecast CAGR (2021-2026): 0%
- Forecast Market Size (2026): USD 322 Million
Residential buildings and parking lots, for example, use PC wire and strand for floor structures with a long life and minimal floor loads. The product’s demand is expected to be pushed by increased demand for housing services and increasing business activities.
Industry Definition and Major Segments
To withstand concrete and prefabricated structures, pressed concrete (PC) wires and cables are used.
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On the basis of surface coatings, the market can be divided into:
- Uncoated
- Galvanized
- Epoxy Coated
- Others
On the basis of application, the market can be categorised as:
- Bridges
- Buildings
- Others
On the basis of region, the market is segmented into:
- New England
- Midwest, Great Lakes
- Plains, Southeast
- Southwest
- Rocky Mountain
- Far West
Market Trends
Construction is booming in the West, especially in Nevada, which is expected to boost market development. Major improvements in Nevada’s pipeline, such as the Las Vegas stadium and casinos such as the Las Vegas Resorts World, are expected to boost demand for the goods. With a market share of more than 32% in 2020, the galvanised segment will be the most significant.
Key Market Players
The major players in the market are Insteel Industries Inc., Sumiden Wire Products Corporation, Wire Mesh Corporation, Deacero, S.A de C.V., ArcelorMittal, Usha Martin Americas Inc., NV Bekaert SA, and Others. The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.
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Note 2: As the novel coronavirus (COVID-19) continues to spread across the world, our analysts are constantly tracking the impact of this rapidly evolving situation on the markets and the consumer purchase behaviours. Thus, our latest estimates and analysis about the current market trends and forecast will exhaustively reflect the effects of this emerging pandemic.
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