Steel Wire Global Market Report 2023: Emerging Economies to Considerably Impel Global Steel Demand
Global Market for Steel Wire
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
Bridon International Ltd.
China Baowu Steel Group Corporation Limited
Davis Wire Corporation
Heico Wire Group
Insteel Industries, Inc.
JFE Steel Corporation
Jiangsu Shagang Group
Kobe Steel, Ltd.
Leggett & Platt Inc.
Nippon Steel & Sumitomo Metal Corporation
NV Bekaert SA
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
No. of Pages
2020 - 2027
Estimated Market Value (USD) in 2020
Forecasted Market Value (USD) by 2027
Compound Annual Growth Rate
Key Topics Covered:
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
For more information about this report visit https://www.researchandmarkets.com/r/810nrf
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