Prestressed Concrete Wire And Strand Market To Reach $5.07 Billion By 2030

Prestressed Concrete Wire And Strand Market Growth & Trends

The global prestressed concrete wire and strand market size is expected to reach USD 5.07 billion by 2030, expanding at a CAGR of 5.4% from 2025 to 2030, according to a new report by Grand View Research, Inc. Prefab or offsite construction is anticipated to propel the market growth.

Major market players are implementing growth through acquisition strategy to increase their market presence. The market is observing a rise in strategic mergers among key industry players. For instance, the key mergers of the PC wire and strand market are Bekaert and Ontario Teachers advanced cord manufacturing agreement and Insteel take-over of American Spring Wire’s wire and strand segment.

The prestressed concrete (PC) wire and strand are largely used in the construction processes for bridges, arches, tunnels, buildings, road slabs, and others. The growth in the construction sector is directly linked with the growth of the market. The construction sector growth is largely dependent on emerging countries. It is anticipated that emerging markets account for nearly half of the global construction activities. This trend is likely to be dominated by countries such as India and China. India became the third largest construction market in the world computing an average growth of 7.4% in 2016. 

The uncoated PC strand is likely to be the most dominating surface coating from 2016 to 2025. The product segment is likely to be driven by its increasing usage in the developing nations. The growth in population coupled with rising urbanization is anticipated to be among the major drivers for the product segment.

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Prestressed Concrete Wire And Strand Market Report Highlights

• The uncoated segment dominated the market and accounted for the largest revenue share of 41.0% in 2024. 

• The bridges segment dominated the market with the largest revenue share in 2024. Bridges require robust materials that can withstand heavy loads, dynamic forces, and environmental stresses over time. 

• The Asia Pacific prestressed concrete wire and strand market dominated the global market and accounted for the largest revenue share of 72.1% in 2024.

Prestressed Concrete Wire And Strand Market Segmentation

Grand View Research has segmented the global prestressed concrete wire and strand market on the basis of surface coating, application, and region:

Prestressed Concrete Wire And Strand Surface Coating Outlook (Volume, Kilotons; Revenue, USD Million, 2018 - 2030)

• Uncoated

• Galvanized

• Epoxy-Coated

• Others

Prestressed Concrete Wire And Strand Application Outlook (Volume, Kilotons; Revenue, USD Million, 2018 - 2030)

• Bridges

• Buildings

• Railway Sleepers

• Others

Prestressed Concrete Wire And Strand Regional Outlook (Volume, Kilotons; Revenue, USD Million, 2018 - 2030)

• North America

  • U.S.

  • Canada

  • Mexico

• Europe

  • Germany

  • France

  • UK

  • Italy

  • Russia

• Asia Pacific

  • China

  • India

  • Japan

  • Australia

  • South Korea

• Latin America

  • Brazil

• Middle East and Africa

  • Saudi Arabia

List of Key Players of Prestressed Concrete Wire And Strand Market

• ArcelorMittal

• Bekaert

• Henan Hengxing Science & Technology Co., Ltd.

• Hjulsbro Steel AB

• Insteel

• JFE Steel Corporation

• Jiangsu Shagang Group

• JSW

• Tata Steel

• Usha Martin Limited