The Asia Pacific Prestressed Concrete (PC) Wire and Strand Market would witness market growth of 5.3% CAGR during the forecast period (2023-2030).
In developing nations such as China, India, and others, the rate of infrastructure development, including bridges, tunnels, and vertical parking lots, has increased due to rapid urbanization, population growth, and economic expansion. The growing urban population necessitates a variety of infrastructures for convenient and rapid movement throughout the nation. In addition to this, the economic development of a nation also requires the construction of an unrestricted and rapid mode of transportation for products. Thus, developing economies are investing substantially in constructing highways, bridges, and other infrastructure.
The Indian Railways, for example, is constructing thousands of miles of dedicated freight corridor railway lines to facilitate the transport of goods across the country by connecting India's main cities. Wire and strands made of prestressed concrete (PC) are also utilized in residential, commercial, and industrial structures, such as rooms, parking lots, warehouses, and other large-ceilinged areas. For instance, in October 2021, the Governments of Dubai and India agreed to construct medical schools, industrial parks, multifunctional towers, logistics centers, and a highly specialized hospital in the Indian state of Jammu and Kashmir.
The construction of numerous high-rise residential and commercial buildings characterizes China's urban centers. The continued growth of the construction services sector in China, along with its urbanization and infrastructure development initiatives, is expected to contribute to the sustained demand for PC wire and strands in the region. These materials are crucial for creating durable and efficient structures that can meet the evolving needs of China's expanding urban population. According to the International Trade Administration, the greatest construction industry in the world is China. New urbanization and transportation infrastructure are prioritized in China's 14th Five-Year Plan. The 14th Five-Year Plan period (2021–2025) will see an estimated total investment in new infrastructure of almost 27 trillion yuan ($ 4.2 trillion). Therefore, the region will present lucrative growth prospects in the coming years.
The China market dominated the Asia Pacific Prestressed Concrete (PC) Wire and Strand Market by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $1,112.8 million by 2030. The Japan market is showcasing a CAGR of 4.5% during (2023 - 2030). Additionally, The India market would display a CAGR of 5.8% during (2023 - 2030).
Based on Type, the market is segmented into 7 Wire Strand, 3 Wire Strand and Others. Based on End User Industry, the market is segmented into Infrastructure and Building Construction. Based on Application, the market is segmented into Pre-tensioning, Bonded Post-tensioning and Unbonded Post-tensioning. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
Free Valuable Insights: The Global Prestressed Concrete (PC) Wire and Strand Market is Predict to reach $7.7 Billion by 2030, at a CAGR of 5.1%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include ArcelorMittal S.A., Sumitomo Electric Industries, Ltd., TATA Steel Limited (TATA Group and Tata Sons Pvt. Ltd.), N.V. Bekaert S.A., Kiswire LTD., Miki Steel Works Pvt. Ltd. (Miki Group Of Companies), Insteel Industries, Inc., TMG Global Pte Ltd., Kataria Group, and Usha Martin Limited.
Scope of the Study
Market Segments Covered in the Report:
By Type
- 7 Wire Strand
- 3 Wire Strand
- Others
By End User Industry
- Infrastructure
- Building Construction
By Application
- Pre-tensioning
- Bonded Post-tensioning
- Unbonded Post-tensioning
By Country
- China
- Japan
- India
- South Korea
- Singapore
- Malaysia
- Rest of Asia Pacific
Key Market Players
List of Companies Profiled in the Report:
- ArcelorMittal S.A.
- Sumitomo Electric Industries, Ltd.
- TATA Steel Limited (TATA Group and Tata Sons Pvt. Ltd.)
- N.V. Bekaert S.A.
- Kiswire LTD.
- Miki Steel Works Pvt. Ltd. (Miki Group Of Companies)
- Insteel Industries, Inc.
- TMG Global Pte Ltd.
- Kataria Group
- Usha Martin Limited
TABLE 1 Asia Pacific Prestressed Concrete (PC) Wire and Strand Market, 2019 - 2022, USD Million
TABLE 2 Asia Pacific Prestressed Concrete (PC) Wire and Strand Market, 2023 - 2030, USD Million
TABLE 3 Asia Pacific Prestressed Concrete (PC) Wire and Strand Market by Type, 2019 - 2022, USD Million
TABLE 4 Asia Pacific Prestressed Concrete (PC) Wire and Strand Market by Type, 2023 - 2030, USD Million
TABLE 5 Asia Pacific 7 Wire Strand Market by Country, 2019 - 2022, USD Million
TABLE 6 Asia Pacific 7 Wire Strand Market by Country, 2023 - 2030, USD Million
TABLE 7 Asia Pacific 3 Wire Strand Market by Country, 2019 - 2022, USD Million
TABLE 8 Asia Pacific 3 Wire Strand Market by Country, 2023 - 2030, USD Million
TABLE 9 Asia Pacific Others Market by Country, 2019 - 2022, USD Million
TABLE 10 Asia Pacific Others Market by Country, 2023 - 2030, USD Million
TABLE 11 Asia Pacific Prestressed Concrete (PC) Wire and Strand Market by End User Industry, 2019 - 2022, USD Million
TABLE 12 Asia Pacific Prestressed Concrete (PC) Wire and Strand Market by End User Industry, 2023 - 2030, USD Million
TABLE 13 Asia Pacific Infrastructure Market by Country, 2019 - 2022, USD Million
TABLE 14 Asia Pacific Infrastructure Market by Country, 2023 - 2030, USD Million
TABLE 15 Asia Pacific Building Construction Market by Country, 2019 - 2022, USD Million
TABLE 16 Asia Pacific Building Construction Market by Country, 2023 - 2030, USD Million
TABLE 17 Asia Pacific Prestressed Concrete (PC) Wire and Strand Market by Application, 2019 - 2022, USD Million
TABLE 18 Asia Pacific Prestressed Concrete (PC) Wire and Strand Market by Application, 2023 - 2030, USD Million
TABLE 19 Asia Pacific Pre-tensioning Market by Country, 2019 - 2022, USD Million
TABLE 20 Asia Pacific Pre-tensioning Market by Country, 2023 - 2030, USD Million
TABLE 21 Asia Pacific Bonded Post-tensioning Market by Country, 2019 - 2022, USD Million
TABLE 22 Asia Pacific Bonded Post-tensioning Market by Country, 2023 - 2030, USD Million
TABLE 23 Asia Pacific Unbonded Post-tensioning Market by Country, 2019 - 2022, USD Million
TABLE 24 Asia Pacific Unbonded Post-tensioning Market by Country, 2023 - 2030, USD Million
TABLE 25 Asia Pacific Prestressed Concrete (PC) Wire and Strand Market by Country, 2019 - 2022, USD Million
TABLE 26 Asia Pacific Prestressed Concrete (PC) Wire and Strand Market by Country, 2023 - 2030, USD Million
TABLE 27 China Prestressed Concrete (PC) Wire and Strand Market, 2019 - 2022, USD Million
TABLE 28 China Prestressed Concrete (PC) Wire and Strand Market, 2023 - 2030, USD Million
TABLE 29 China Prestressed Concrete (PC) Wire and Strand Market by Type, 2019 - 2022, USD Million
TABLE 30 China Prestressed Concrete (PC) Wire and Strand Market by Type, 2023 - 2030, USD Million
TABLE 31 China Prestressed Concrete (PC) Wire and Strand Market by End User Industry, 2019 - 2022, USD Million
TABLE 32 China Prestressed Concrete (PC) Wire and Strand Market by End User Industry, 2023 - 2030, USD Million
TABLE 33 China Prestressed Concrete (PC) Wire and Strand Market by Application, 2019 - 2022, USD Million
TABLE 34 China Prestressed Concrete (PC) Wire and Strand Market by Application, 2023 - 2030, USD Million
TABLE 35 Japan Prestressed Concrete (PC) Wire and Strand Market, 2019 - 2022, USD Million
TABLE 36 Japan Prestressed Concrete (PC) Wire and Strand Market, 2023 - 2030, USD Million
TABLE 37 Japan Prestressed Concrete (PC) Wire and Strand Market by Type, 2019 - 2022, USD Million
TABLE 38 Japan Prestressed Concrete (PC) Wire and Strand Market by Type, 2023 - 2030, USD Million
TABLE 39 Japan Prestressed Concrete (PC) Wire and Strand Market by End User Industry, 2019 - 2022, USD Million
TABLE 40 Japan Prestressed Concrete (PC) Wire and Strand Market by End User Industry, 2023 - 2030, USD Million
TABLE 41 Japan Prestressed Concrete (PC) Wire and Strand Market by Application, 2019 - 2022, USD Million
TABLE 42 Japan Prestressed Concrete (PC) Wire and Strand Market by Application, 2023 - 2030, USD Million
TABLE 43 India Prestressed Concrete (PC) Wire and Strand Market, 2019 - 2022, USD Million
TABLE 44 India Prestressed Concrete (PC) Wire and Strand Market, 2023 - 2030, USD Million
TABLE 45 India Prestressed Concrete (PC) Wire and Strand Market by Type, 2019 - 2022, USD Million
TABLE 46 India Prestressed Concrete (PC) Wire and Strand Market by Type, 2023 - 2030, USD Million
TABLE 47 India Prestressed Concrete (PC) Wire and Strand Market by End User Industry, 2019 - 2022, USD Million
TABLE 48 India Prestressed Concrete (PC) Wire and Strand Market by End User Industry, 2023 - 2030, USD Million
TABLE 49 India Prestressed Concrete (PC) Wire and Strand Market by Application, 2019 - 2022, USD Million
TABLE 50 India Prestressed Concrete (PC) Wire and Strand Market by Application, 2023 - 2030, USD Million
TABLE 51 South Korea Prestressed Concrete (PC) Wire and Strand Market, 2019 - 2022, USD Million
TABLE 52 South Korea Prestressed Concrete (PC) Wire and Strand Market, 2023 - 2030, USD Million
TABLE 53 South Korea Prestressed Concrete (PC) Wire and Strand Market by Type, 2019 - 2022, USD Million
TABLE 54 South Korea Prestressed Concrete (PC) Wire and Strand Market by Type, 2023 - 2030, USD Million
TABLE 55 South Korea Prestressed Concrete (PC) Wire and Strand Market by End User Industry, 2019 - 2022, USD Million
TABLE 56 South Korea Prestressed Concrete (PC) Wire and Strand Market by End User Industry, 2023 - 2030, USD Million
TABLE 57 South Korea Prestressed Concrete (PC) Wire and Strand Market by Application, 2019 - 2022, USD Million
TABLE 58 South Korea Prestressed Concrete (PC) Wire and Strand Market by Application, 2023 - 2030, USD Million
TABLE 59 Singapore Prestressed Concrete (PC) Wire and Strand Market, 2019 - 2022, USD Million
TABLE 60 Singapore Prestressed Concrete (PC) Wire and Strand Market, 2023 - 2030, USD Million
TABLE 61 Singapore Prestressed Concrete (PC) Wire and Strand Market by Type, 2019 - 2022, USD Million
TABLE 62 Singapore Prestressed Concrete (PC) Wire and Strand Market by Type, 2023 - 2030, USD Million
TABLE 63 Singapore Prestressed Concrete (PC) Wire and Strand Market by End User Industry, 2019 - 2022, USD Million
TABLE 64 Singapore Prestressed Concrete (PC) Wire and Strand Market by End User Industry, 2023 - 2030, USD Million
TABLE 65 Singapore Prestressed Concrete (PC) Wire and Strand Market by Application, 2019 - 2022, USD Million
TABLE 66 Singapore Prestressed Concrete (PC) Wire and Strand Market by Application, 2023 - 2030, USD Million
TABLE 67 Malaysia Prestressed Concrete (PC) Wire and Strand Market, 2019 - 2022, USD Million
TABLE 68 Malaysia Prestressed Concrete (PC) Wire and Strand Market, 2023 - 2030, USD Million
TABLE 69 Malaysia Prestressed Concrete (PC) Wire and Strand Market by Type, 2019 - 2022, USD Million
TABLE 70 Malaysia Prestressed Concrete (PC) Wire and Strand Market by Type, 2023 - 2030, USD Million
TABLE 71 Malaysia Prestressed Concrete (PC) Wire and Strand Market by End User Industry, 2019 - 2022, USD Million
TABLE 72 Malaysia Prestressed Concrete (PC) Wire and Strand Market by End User Industry, 2023 - 2030, USD Million
TABLE 73 Malaysia Prestressed Concrete (PC) Wire and Strand Market by Application, 2019 - 2022, USD Million
TABLE 74 Malaysia Prestressed Concrete (PC) Wire and Strand Market by Application, 2023 - 2030, USD Million
TABLE 75 Rest of Asia Pacific Prestressed Concrete (PC) Wire and Strand Market, 2019 - 2022, USD Million
TABLE 76 Rest of Asia Pacific Prestressed Concrete (PC) Wire and Strand Market, 2023 - 2030, USD Million
TABLE 77 Rest of Asia Pacific Prestressed Concrete (PC) Wire and Strand Market by Type, 2019 - 2022, USD Million
TABLE 78 Rest of Asia Pacific Prestressed Concrete (PC) Wire and Strand Market by Type, 2023 - 2030, USD Million
TABLE 79 Rest of Asia Pacific Prestressed Concrete (PC) Wire and Strand Market by End User Industry, 2019 - 2022, USD Million
TABLE 80 Rest of Asia Pacific Prestressed Concrete (PC) Wire and Strand Market by End User Industry, 2023 - 2030, USD Million
TABLE 81 Rest of Asia Pacific Prestressed Concrete (PC) Wire and Strand Market by Application, 2019 - 2022, USD Million
TABLE 82 Rest of Asia Pacific Prestressed Concrete (PC) Wire and Strand Market by Application, 2023 - 2030, USD Million
TABLE 83 key Information – ArcelorMittal S.A.
TABLE 84 Key Information – Sumitomo Electric Industries, Ltd.
TABLE 85 Key Information – Tata Steel Limited
TABLE 86 Key Information – Bekaert
TABLE 87 Key Information – Kiswire LTD.
TABLE 88 Key Information – Miki Steel Works Pvt. Ltd.
TABLE 89 Key Information – Insteel Industries, Inc.
TABLE 90 Key Information – TMG Global Pte Ltd.
TABLE 91 Key Information – Kataria Group
TABLE 92 Key Information – Usha Martin Limited
List of Figures
FIG 1 Methodology for the research
FIG 2 Asia Pacific Prestressed Concrete (PC) Wire and Strand Market, 2019 - 2030, USD Million
FIG 3 Key Factors Impacting Prestressed Concrete (PC) Wire and Strand Market
FIG 4 Porter’s Five Forces Analysis – Prestressed Concrete (PC) Wire and Strand Market
FIG 5 Asia Pacific Prestressed Concrete (PC) Wire and Strand Market share by Type, 2022
FIG 6 Asia Pacific Prestressed Concrete (PC) Wire and Strand Market share by Type, 2030
FIG 7 Asia Pacific Prestressed Concrete (PC) Wire and Strand Market by Type, 2019 - 2030, USD Million
FIG 8 Asia Pacific Prestressed Concrete (PC) Wire and Strand Market share by End User Industry, 2022
FIG 9 Asia Pacific Prestressed Concrete (PC) Wire and Strand Market share by End User Industry, 2030
FIG 10 Asia Pacific Prestressed Concrete (PC) Wire and Strand Market by End User Industry, 2019 - 2030, USD Million
FIG 11 Asia Pacific Prestressed Concrete (PC) Wire and Strand Market share by Application, 2022
FIG 12 Asia Pacific Prestressed Concrete (PC) Wire and Strand Market share by Application, 2030
FIG 13 Asia Pacific Prestressed Concrete (PC) Wire and Strand Market by Application, 2019 - 2030, USD Million
FIG 14 Asia Pacific Prestressed Concrete (PC) Wire and Strand Market share by Country, 2022
FIG 15 Asia Pacific Prestressed Concrete (PC) Wire and Strand Market share by Country, 2030
FIG 16 Asia Pacific Prestressed Concrete (PC) Wire and Strand Market by Country, 2019 - 2030, USD Million
FIG 17 SWOT Analysis: ArcelorMittal S.A.
FIG 18 SWOT Analysis: Sumitomo Electric Industries, Ltd
FIG 19 SWOT Analysis: TATA Steel Limited
FIG 20 SWOT Analysis: N.V. Bekaert S.A.
FIG 21 SWOT Analysis: Kiswire Ltd.
FIG 22 SWOT Analysis: Miki Steel Works Pvt. Ltd.
FIG 23 SWOT Analysis: Insteel Industries, Inc.
FIG 24 SWOT Analysis: Kataria Group
FIG 25 SWOT Analysis: Usha Martin Limited