Dublin, May 7, 2021 (GLOBE NEWSWIRE) – “By form (non-rope, rope), type (carbon steel, alloy steel, stainless steel), end-use industry (construction, automotive, energy, agriculture, industry), The “Thickness and Global Regional Forecast to 2025″ report has been added to ResearchAndMarkets.com’s products.
The global steel wire market is expected to grow from USD 93.1 billion in 2020 to USD 124.7 billion in 2025, with a compound annual growth rate of 6.0% from 2020 to 2025.
Various end-use industries require steel wire, including construction, automotive, and industry; because of its high strength, electrical conductivity, and durability. However, the global pandemic COVID-19 has disrupted operations in construction, automotive and other industries, which are expected to reduce their demand for steel wire in 2020.
Non-rope steel wires are widely used in various end-use industries. Some of the main applications include tire wire, hose, galvanized wire and stranded wire, ACSR stranded wire and conductor cable armor, springs, fasteners, clips, staples, nets, fences, screws, nails, barbed wire, Chain etc. During the forecast period, the growing demand for these applications is expected to drive the non-rope steel wire market.
Stainless steel wire products are mainly used in shipbuilding, agriculture, petroleum, automobiles, welding rods, bright bars and household industries. In the energy sector, stainless steel wire is used in nuclear reactors, transmission lines, heat exchangers and desulfurization scrubbers. It is expected that during the forecast period, the growing demand for stainless steel wire products for spring steel products and oil and gas applications will drive market development. Stainless steel products are used in applications where products need to be used under corrosive and harsh environmental conditions.
In terms of value, the thickness section of 1.6 mm to 4 mm is the fastest growing thickness section of the steel wire.
The 1.6 mm to 4 mm thickness portion of the steel wire market is the fastest growing segment. It is the most commonly used wire thickness. Steel wires in this thickness range are used for TIG welding wires, core wires, electropolished wires, conveyor belt wires, nail wires, nickel-plated wires for springs, automobile tire cords, automobile spoke wires, bicycle spoke wires, cable armoring, fencing, chain links Fencing etc.
In the automotive end-use industry, steel wire is used for tire reinforcement, spring steel wire, spoke steel wire, fasteners, exhaust pipes, windshield wipers, airbag safety systems, and fuel or brake hose reinforcement. The recovery of the automotive industry after Covid-19 is expected to drive the steel wire market in the automotive terminal industry.
During the forecast period, Europe is expected to achieve the highest compound annual growth rate in terms of the value of the global steel wire market. The growth of the steel wire industry in the region is supported by the recovery of the terminal industry, the advancement of industrial technology solutions, and the increase in spending on infrastructure projects.
Due to COVID-19, many industries and automobile companies have stopped their production bases in various countries, resulting in a reduction in the demand for steel wires, thus affecting the demand for steel wires in European countries. The recovery of the terminal industry and the recovery of the supply chain will drive the demand for steel wire during the forecast period.
4 Premium Insights4.1 Attractive Opportunities in the Steel Wire Market 4.2 Steel Wire Market, According to Type 4.3 Global Steel Wire Market, According to Form4.4 Global Steel Wire Market, According to Thickness 4.5 Global and Europe: Steel Wire Market, According to End-Use Industry 4.6 Steel Wire Market, According to Key country
5 Market overview 5.1 Introduction 5.2 Market dynamics 5.2.1 Driving factors 5.2.1.1 Expenditures for infrastructure development projects in Europe 5.2.1.2 Increased use of galvanized steel wire 5.2.2 Limitations 5.2.2.1 Emergence of plastics and hybrid ropes 5.2.3 Opportunities 5.2. 3.1 Challenges to the recovery of the automotive terminal industry after COVID-195.2.4 5.2.4.1 The supply chain needs to be kept uninterrupted and operating at full capacity after COVID-195.3 Porter’s five forces analysis 5.3.1 Threats of new entrants 5.3.2 Threats of substitutes 5.3.3 Bargaining power of suppliers 5.3.4 Bargaining power of buyers 5.3.5 Intensity of competition 5.4 Supply chain analysis 5.4.1 Raw materials 5.4.2 Manufacturing 5.4.3 Application 5.5 Technical analysis 5.6 Value chain analysis and the impact of COVID- 195.6 .1 Raw materials 5.6.2 Wire rod manufacturers 5.6.3 End users 5.7 Pricing analysis 5.7.1 Average selling price 5.8 Main markets for imports/exports 5.9 Patent analysis 5.9.1 Methods 5.9.2 File types 5.9.3 Insights 5.9.4 St. Applicant’s eel line patent 20195.10 regulatory pattern 5.11 case analysis
6 Steel wire market, according to Form6.1 to introduce 6.1.1 Steel wire market, according to Form6.2 Non-rope 6.2.1 Non-rope steel wire market, by region 6.3 Rope Form6.3.1 Rope steel wire market, by region
7 Steel wire market, introduced by type 7.1 7.1.1 Steel wire market, by type 7.2 Carbon steel wire 7.2.1 High carbon steel 7.2.2 Medium carbon steel 7.2.3 Low carbon steel 7.2.4 Carbon steel wire market, by region 7.3 Alloy steel wire 7.3 .1 Alloy steel wire market, by region 7.4 Stainless steel wire 7.4.1 Stainless steel wire market, by region
8 Steel wire market, introduced by thickness 8.1 8.1.1 Steel wire market, according to the thickness of 8.2 O.01 mm to 0.8 mm, the diameter of 8.2.1 0.01 mm to 0.8 mm, the thickness of the steel wire market, according to the region 8.3 0.8 mm to 1.6 mm thickness 8.3. 1 The steel wire market in the 0.8 mm to 1.6 mm thickness segment market is 8.4 1.6 mm to 4 mm thickness 8.4.1 1.6 mm to 4 mm thickness segment market in the steel wire market by region 8.5 4 mm and above 8.5. 1 Steel wire market of 4 mm and above thickness segment by region
9 Steel wire market, introduced by end-use industry 9.1 9.1.1 Steel wire market, by end-use industry 9.2 Construction 9.2.1 Steel wire market in construction end-use industry, by region 9.3 Automotive 9.3.1 Wire market automotive terminal industry, by region 9.4 Energy 9.4.1 Energy terminal industry steel wire market, by region 9.5 Agriculture 9.5.1 Agricultural terminal industry steel wire market, by region 9.6 Industry 9.6.1 Steel wire market Industrial terminal industry, by region 9.7 Other terminal industries 9.7.1 Steel wire in other terminal industries Market, by region
10 Steel wire market, introduced by region 10.1 10.2 Asia Pacific 10.3 Europe 10.4 North America 10.5 Middle East and Africa 10.6 Latin America
11 Competitive landscape 11.1 Introduction 11.2 Market share analysis 11.3 Market ranking 11.4 Market evaluation framework 11.4.1 New product launch/new product development 11.4.2 Agreement/cooperation/joint venture 11.4.3 Expansion 11.4.4 Merger/acquisition 11.5 Revenue analysis Top market participation Players 11.6 Company Evaluation Matrix 11.6.1 Stars 11.6.2 Universal 11.6.3 Participants 11.6.4 Emerging Leaders 11.7 Product Portfolio Strength 11.8 Excellent Business Strategy
12 Company Profile 12.1 Arcelormittal 12.2 Hbis Group Ltd. 12.3 Nippon Steel 12.4 Bekaert Sa12.5 Tata Steel Limited 12.6 Jsw Steel Ltd. 12.7 Kobe Steel, Ltd. 12.8 Jfe Steel Corporation 12.9 The Heico Companies 12.10 Jiangsu Shagang Group 12 .11 Ferrier Nord 12.12 Belarusian Steel Plant 12.13 Insteel Industries, Inc. 12.14 Fagersta Stainless Steel Ab12.15 Fapricela-Industria De Trefilaria 12.16 Van Merksteijn International 12.17 Voestalpine Wire Austria GmbH 12.18 Dwk Kodrahtwer GmbH129NV. Hy-Ten Group Limited 12.21 Zdb Dratovna 12.22 Viraj Profiles Ltd. 12.23 Cb Trafilati Acciai SPA 12.24 Kamaridis Global Wire Sa 12.25 GP Manufacturas Del Acero
13 Appendix 13.1 Discussion Guide 13.2 Knowledge Base: Subscription Portal 13.3 Available Customizations