Global Steel Wires Market (2020-2026) | Size, Trends, Value, Analysis, Forecast, Companies, COVID-19 IMPACT, Share, Outlook, Growth, Revenue & Industry

Global steel wires market is anticipated to witness significant growth over the upcoming years. The demand for steel wire is determined by the increased spending by governments of developing countries for the expansion of infrastructure. Steel wire in the form of mesh and ropes are used for solidification, to provide strength to the building. Their properties comprise high strength, lightweight, shock and wear resistance, and resistance to distortion. Furthermore, rising construction activities in the residential sector to provide housing for the rising population is another factor for the growing demand.

According to 6Wresearch, Global Steel Wires Market size is anticipated to register growth during 2020-26. The steel wires market is characterized by high demand for construction applications. Based on the region, the steel wires market in Europe and Asia-Pacific are likely to register significant growth over the forecast period. Further, the presence of chief automotive manufacturing companies in Europe has enhanced the demand for steel wire for automobile applications. Additionally, increasing construction and infrastructural activities in the emerging countries of Asia Pacific, such as China and India, will drive the demand in the Asia Pacific during the forecast period. The growth of the market in Latin America is credited to the demand for mining operations. Moreover, the outbreak of the COVID-19 has brought the world to standstill. Overall, almost every sector is seen to be impacted by the ongoing pandemic. Support from the government and several other companies can help this market to keep its hold. ArcelorMittal, Nippon Steel and HBIS Group are some of the key players in the steel wires market.

Based on grade, the Steel wires market is categorized into Carbon Steel, Stainless Steel and Alloy Steel. In terms of end-use industry, the market is segmented into Automotive, Construction, Energy, Agriculture and Others. Global Steel wires market's rise in construction activities worldwide is a significant factor in promoting the Steel wires market growth. This contains the expansion of hospitals, schools, and domestic buildings that amplified the demand for steel wires. Besides this, steel wires are used in the building of large infrastructures such as towers, dams, bridges, and also for strengthening and rebar bindings. This will further help in the growth of the steel wires market.

Global Steel wires market report thoroughly covers the market by grade, end-use industry and key regions including the Asia Pacific, Latin America, Middle East, Europe, North America and Africa. Global Steel wires market outlook report provides an unbiased and detailed analysis of the on-going Global Steel wires market trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.

Key Highlights

• Global Steel Wires Market Outlook
• Global Steel Wires Market Overview
• Global Steel Wires Market Forecast
• Historical Data for the period 2016-2019 and Market Forecast of Global Steel Wires Market Revenues until 2026
• Historical Data for the period 2016-2019 and Market Forecast of the market until 2026, By Grade
• Historical Data for the period 2016-2019 and Market Forecast of the market until 2026, By End Use Industry
• Historical Data for the period 2016-2019 and Market Forecast of the market until 2026, By Regions
• Historical Data for the period 2016-2019 and Market Forecast until 2026 for Latin America Steel Wires Market
• Historical Data for the period 2016-2019 and Market Forecast until 2026 for North America Steel Wires Market
• Historical Data for the period 2016-2019 and Market Forecast until 2026 for Europe Steel Wires Market
• Historical Data for the period 2016-2019 and Market Forecast until 2026 for Asia Pacific Steel Wires Market
• Historical Data for the period 2016-2019 and Market Forecast until 2026 for Middle East Steel Wires Market
• Historical Data for the period 2016-2019 and Market Forecast until 2026 for Africa Steel Wires Market
• Market Drivers and Restraints
• Global Steel Wires Market Trends
• Industry Life Cycle
• Porter’s Five Force Analysis
• Market Opportunity Assessment
• Global Steel Wires Market Share, By Players
• Competitive Benchmarking

Markets Covered

The report provides a detailed analysis of the following market segments:

• By End Use Industry:
• Automotive
• Construction
• Energy
• Agriculture
• Others
• By Grade:
• Carbon Steel
• Stainless Steel
• Alloy Steel
• By Regions:
• Latin America
• North America
• Europe
• Asia Pacific
• Middle East
• Africa

Frequently Asked Questions About the Market Study (FAQs):