EMEA Prestressed Concrete (PC) Wire and Strand Market size is anticipated to reach USD 484.72 million by 2025

[Feb, 2019] The EMEA Prestressed Concrete wire and strand market size is anticipated to reach USD 484.72 million by 2025 expanding at a CAGR 6.2%. Galvanized coated PC wires and strands have observed the highest penetration in surface coatings segment over the past few years. These provide long-term protection against corrosion caused due to concrete carbonation, salts, and pollutants, which is anticipated to positively affect the market growth. Galvanized coating provides a superior bond between steel and concrete.

These strands and wires have high demand due to their low cost, which, in turn, helps significantly reduce the overall project cost. Thus, economical cost coupled with high performance of these wires and strands contributes to the product popularity in the construction sector. Cost of raw material influences the pricing dynamics of the end-use industries. Thus, the steel prices is the key factor expected to determine the cost of PC wire and strand products over the coming years. The limitation for horizontal expansion especially in the metropolitan cities, such as Dubai, Paris, and London is driving the demand for the vertical expansion of buildings.

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This, in turn, is resulting in strong demand for high-side building construction. High carbon PC wire and strands are used in the structural building components, such as pillars, columns, and joints. The market in Africa is expected to witness a steady growth owing to increasing investments and number of infrastructure projects. Although, the region is characterized by poor economy and poor demographics; it has shown potential to be a major manufacturing hub and has attracted various international firms on account of the availability of cheap labor and resources.

Further key findings from the study suggest:

• In terms of revenue, uncoated surface coatings segment is anticipated to expand at a CAGR of 2.04% over the forecast period

• Rising popularity of high-rise building construction is expected to drive the segment's growth

• In terms of revenue, bridges application is projected to expand at the highest CAGR during the forecast period; while buildings application is likely to be the largest segment

• The Europe prestressed concrete wire and strand market is anticipated to reach 497.8 kilotons by 2025

• Middle East region is anticipated to witness a lucrative growth owing to increasing investments in education and healthcare sectors and for infrastructure development

• Key companies in the market are Henan Hengxing Science & Technology Co., Ltd., Insteel Engineers Pvt. Ltd., KISWIRE Ltd., ArcelorMittal S.A., Bekaert, Shagang Group, and Sumiden Wire Products Corp.

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Table of Contents:

Chapter 1 Methodology and Scope
1.1 Research methodology
1.2 Research scope and assumptions
1.3 List of data sources

Chapter 2 Executive Summary
2.1 Market - Industry snapshot

Chapter 3 Market Variables, Trends and Scope
3.1 Market segmentation
3.2 Market size and growth prospects, 2014 - 2025
3.3 Value chain analysis
3.4 Market dynamics
3.4.1 Market driver analysis
3.4.1.1 Prefabricated or offsite construction gaining prominence
3.4.2 Market restraint analysis
3.4.2.1 China steel market volatility affecting market growth
3.4.3 Key opportunities - Prioritized
Continued...

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