Steel Wire Global Market Report 2023: Emerging Economies to Considerably Impel Global Steel Demand


Dublin, March 13, 2023 (GLOBE NEWSWIRE) -- The "Steel Wire: Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.

Global Steel Wire Market to Reach $186 Billion by 2030

In the changed post COVID-19 business landscape, the global market for Steel Wire estimated at US$98.7 Billion in the year 2022, is projected to reach a revised size of US$186 Billion by 2030, growing at a CAGR of 8.2% over the analysis period 2022-2030.

Carbon Steel, one of the segments analyzed in the report, is projected to record 8% CAGR and reach US$137.6 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Stainless Steel segment is readjusted to a revised 7% CAGR for the next 8-year period.

The U.S. Market is Estimated at $26.9 Billion, While China is Forecast to Grow at 13.4% CAGR

The Steel Wire market in the U.S. is estimated at US$26.9 Billion in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$45.2 Billion by the year 2030 trailing a CAGR of 13.4% over the analysis period 2022 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 4.4% and 6.4% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 5.5% CAGR.

Select Competitors (Total 182 Featured) -

  • Ansteel Group Corporation Limited
  • ArcelorMittal S.A
  • Bridon International Ltd.
  • China Baowu Steel Group Corporation Limited
  • Davis Wire Corporation
  • Gerdau S.A.
  • HBIS Group
  • Heico Wire Group
  • Insteel Industries, Inc.
  • JFE Steel Corporation
  • Jiangsu Shagang Group
  • Kobe Steel, Ltd.
  • Leggett & Platt Inc.
  • National Standard
  • Nippon Steel & Sumitomo Metal Corporation
  • NV Bekaert SA
  • POSCO
  • Shougang Corporation
  • Tata Steel Group
  • thyssenkrupp Steel Europe AG
  • Tree Island Industries Ltd.
  • Usha Martin Limited

What`s New for 2023?

  • Special coverage on Russia-Ukraine war; global inflation; easing of zero-Covid policy in China and its `bumpy` reopening; supply chain disruptions, global trade tensions; and risk of recession.
  • Global competitiveness and key competitor percentage market shares
  • Market presence across multiple geographies - Strong/Active/Niche/Trivial
  • Online interactive peer-to-peer collaborative bespoke updates
  • Access to digital archives and Research Platform
  • Complimentary updates for one year

Key Attributes:

Report AttributeDetails
No. of Pages263
Forecast Period2020 - 2027
Estimated Market Value (USD) in 2020$90.2 Billion
Forecasted Market Value (USD) by 2027$146.3 Billion
Compound Annual Growth Rate7.2%
Regions CoveredGlobal

Key Topics Covered:

I. METHODOLOGY

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW

2. FOCUS ON SELECT PLAYERS

3. MARKET TRENDS & DRIVERS

  • Globalization & Rationalization - A Surviving Strategy
  • Outlook for the Steel Industry
  • Emerging Economies to Considerably Impel Global Steel Demand
  • Improving Economy Buoys General Market Optimism
  • Steel Industry Fortunes Intrinsically Tied to Construction Industry Dynamics
  • Increase in Automotive Production to Boost Market Prospects for Steel Wire
  • Oil & Gas Sector - Dynamic as Ever
  • Excess Production Results in Low Oil Prices
  • Steadily Increasing Prices Result in Higher Rig Counts in 2017 & 2018
  • Transition in Wafer Fabrication Technology to Add to the Growth in Steel Wire Market
  • Developing Countries Continue to Drive Growth Opportunities in the Market
  • Cost Efficient Manufacturing in Focus
  • High-Quality Steel Wire Rods in Demand for Production of Steel Wires

4. GLOBAL MARKET PERSPECTIVE

III. MARKET ANALYSIS

IV. COMPETITION

For more information about this report visit https://www.researchandmarkets.com/r/810nrf

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Global Market for Steel Wire

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