U.S. PC Wire And Strand Market Size, Share & Trends Analysis Report By Surface Coatings (Uncoated, Epoxy), By Application (Bridges, Buildings), And Segment Forecasts, 2019 - 2025

Published: Jun, 2019 | Pages: 72 | Publisher: Grand View Research
Industry: Construction | Report Format: Electronic (PDF)

The U.S. PC wire and strand market size is anticipated to reach USD 313.6 million by 2025, according to a new report by Grand View Research, Inc. It is expected to expand at a CAGR of 4.6% during the forecast period. The positive outlook of the construction industry U.S. is estimated to be the primary factor driving the growth.

Galvanized coated prestressed concrete (PC) wire and strand led the U.S market. These products provide long-term protection against corrosion caused due to concrete carbonation, salts, and pollutants. Moreover, they are high in demand due to their low life cycle cost, as it helps significantly to reduce the overall cost of project.

Epoxy coated prestressed concrete wire and strand are also expected to observe significant growth in the forthcoming years. Use of the product is largely catered by the construction of high-rise buildings. The limitation of land coupled with advancement in civil engineering is expected to drive the construction of high-rise buildings in U.S., which in turn is projected to fuel demand for epoxy coated PC wires and strands over the forecast period.

Post-tensioned PC wire and strand is used in buildings for floor with long life spans and moderate floor loads such as in residential buildings and in parking garages. While pre-tensioned PC wire and strand is used in balconies floor slabs, lintels, balconies, foundation piles, and beams. Increasing demand for housing infrastructure and rising commercial activities are expected to drive the product demand.

Construction boom in West United States such as Nevada is expected to foster the market growth. For instance, the massive projects in the pipeline in Nevada such as the Las Vegas stadium and casinos such as Resorts World Las Vegas on the Las Vegas Strip are expected to boost the product demand. Moreover, the Nevada Department of Correction has identified 225 projects in 2018, most of them consisting of maintenance and restoration projects and costing an estimated USD 486.6 million.

Acquisition is a key strategy adopted by the regional players to expand their regional market share. For instance, Insteel acquired the PC strand business from American Spring Wire Corporation in 2014. Another instance includes Keystone Consolidated Industries, Inc. acquiring Strand-Tech Martin, Inc. in 2016. These acquisitions allowed consolidation of the domestic producers and extended their market share in the country.

Further key findings from the report suggest:

• In terms of volume, utilization in buildings is anticipated to expand at the fastest CAGR of 3.6% during the forecast period, on account of increasing demand for commercial buildings in the country

• Galvanized prestressed concrete wire and strand held the leading market share of 33.4% in terms of revenue in 2018, owing to its wide application scope in buildings, bridges, stadiums, hangars, aqueducts, silos, and waste treatment structures

• In terms of revenue, West U.S. is anticipated to register the fastest CAGR of 5.5% over the forecast period owing to rapid economic growth and construction boom in the region

• Midwest U.S. led the U.S. market with a revenue share of 22.3% in 2018. The restoration projects associated with structurally deficient bridges is predicted to drive the regional growth

• Insteel is the largest domestic player in the U.S. PC wire & strand market. In August 2014, Insteel acquired the prestressed concrete wire and strand business from American Spring Wire Corporation (ASW) for USD 360 million, to further extend its market share

 Table of Contents

Chapter 1 Methodology and Scope
                   1.1 Market Segmentation & Scope
                   1.2 Market Definition
                   1.3 List of data sources
                   1.4 Information procurement
                   1.5 Information analysis
                   1.6 Market formulation & data visualization
                   1.7 Data validation & publishing
Chapter 2 Executive Summary
                   2.1 Market Outlook
                   2.2 Segmental Outlook
                   2.3 Competitive Insights
Chapter 3 U.S. Prestressed Concrete (PC) Wire And Strand Market Variables, Trends, & Scope
                   3.1 Market Outlook
                       3.1.1 Global Prestressed Concrete (PC) Wire And Strand Outlook
                   3.2 Penetration and Growth Prospect Mapping
                   3.3 Value Chain Analysis
                       3.3.1 Raw Material Trends
                           3.3.1.1 Steel Wire Rod
                       3.3.2 Manufacturing Trends
                       3.3.3 Sales Channel Analysis
                           3.3.3.1 Direct Sales
                           3.3.3.2 Indirect Sales
                   3.4 Market dynamics
                       3.4.1 Market Driver Analysis
                           3.4.1.1 Positive U.S. Construction industry outlook
                           3.4.1.2 Increasing prominence of prefab or offsite construction
                       3.4.2 Market restraint Analysis
                           3.4.2.1 volatility in raw material prices
                   3.5 Regulatory Framework
                   3.6 Porter's analysis
                   3.7 PESTEL analysis
                   3.8 Major Deals & Strategic Alliances Analysis
                       3.8.1 Acquisition of American Spring Wire Corporation (ASW) by Insteel
                       3.8.2 acquistion of STRAND-TECH MARTIN, INC. BY keystone consolidated industries, inc. (KCI)
                   3.9 Market entry scenario
Chapter 4 U.S. Prestressed Concrete (PC) Wire and Strand: Surface Coatings Estimates & Trend Analysis
                   4.1 Definition & Scope
                   4.2 U.S. Prestressed Concrete (PC) Wire And Strand Market: Surface Coatings Movement Analysis, 2018 & 2025
                   4.3 Uncoated Prestressed Concrete (PC) Wire and Strand
                       4.3.1 U.S. Uncoated Prestressed Concrete (PC) Wire and Strand market estimates and forecasts, 2014 - 2025 (Kilotons) (USD Million)
                   4.4 Galvanized Prestressed Concrete (PC) Wire and Strand
                       4.4.1 U.S. Galvanized Prestressed Concrete (PC) Wire and Strand market estimates and forecasts, 2014 - 2025 (Kilotons) (USD Million)
                   4.5 Epoxy Coated Prestressed Concrete (PC) Wire and Strand
                       4.5.1 U.S. Epoxy Coated Prestressed Concrete (PC) Wire and Strand market estimates and forecasts, 2014 - 2025 (Kilotons) (USD Million)
                   4.6 Others
                       4.6.1 U.S Others. Prestressed Concrete (PC) Wire and Strands market estimates and forecasts, 2014 - 2025 (Kilotons) (USD Million)
Chapter 5 U.S. Prestressed Concrete (PC) Wire and Strand: Application Estimates & Trend Analysis
                   5.1 Definition & Scope
                   5.2 U.S. Prestressed Concrete (PC) Wire And Strand Market: Application Movement Analysis, 2018 & 2025
                   5.3 Bridges
                       5.3.1 U.S. Prestressed Concrete (PC) Wire and Strand market estimates and forecasts in bridges, 2014 - 2025 (Kilotons) (USD Million)
                   5.4 Buildings
                       5.4.1 U.S. Prestressed Concrete (PC) Wire and Strand market estimates and forecasts in buildings, 2014 - 2025 (Kilotons) (USD Million)
                   5.5 Others
                       5.5.1 U.S. Prestressed Concrete (PC) Wire and Strand market estimates and forecasts in graphic films, 2014 - 2025 (Kilotons) (USD Million)
Chapter 6 U.S. Prestressed Concrete (PC) Wire and Strand: Regional Estimates & Trend Analysis
                   6.1 U.S. Prestressed Concrete (PC) Wire And Strand Market: Regional Movement Analysis, 2018 & 2025
                   6.2 West
                       6.2.1 West U.S. Prestressed Concrete (PC) Wire and Strand market estimates and forecasts, 2014 - 2025 (Kilotons) (USD Million)
                       6.2.2 WEST U.S. Prestressed Concrete (PC) Wire and Strand market estimates and forecasts, by surface coatings, 2014 - 2025 (Kilotons) (USD Million)
                       6.2.3 West U.S. Prestressed Concrete (PC) Wire and Strand market estimates and forecasts, by application, 2014 - 2025 (Kilotons) (USD Million)
                   6.3 Midwest
                       6.3.1 Midwest U.S. Prestressed Concrete (PC) Wire and Strand market estimates and forecasts, 2014 - 2025 (Kilotons) (USD Million)
                       6.3.2 Midwest U.S. Prestressed Concrete (PC) Wire and Strand market estimates and forecasts, by surface coatings, 2014 - 2025 (Kilotons) (USD Million)
                       6.3.3 Midwest U.S. Prestressed Concrete (PC) Wire and Strand market estimates and forecasts, by application, 2014 - 2025 (Kilotons) (USD Million)
                   6.4 Southwest
                       6.4.1 Southwest U.S. Prestressed Concrete (PC) Wire and Strand market estimates and forecasts, 2014 - 2025 (Kilotons) (USD Million)
                       6.4.2 Southwest U.S. Prestressed Concrete (PC) Wire and Strand market estimates and forecasts, by surface coatings, 2014 - 2025 (Kilotons) (USD Million)
                       6.4.3 Southwest U.S. Prestressed Concrete (PC) Wire and Strand market estimates and forecasts, by application, 2014 - 2025 (Kilotons) (USD Million)
                   6.5 Southeast
                       6.5.1 Southeast U.S. Prestressed Concrete (PC) Wire and Strand market estimates and forecasts, 2014 - 2025 (Kilotons) (USD Million)
                       6.5.2 Southeast U.S. Prestressed Concrete (PC) Wire and Strand market estimates and forecasts, by surface coatings, 2014 - 2025 (Kilotons) (USD Million)
                       6.5.3 Southeast U.S. Prestressed Concrete (PC) Wire and Strand market estimates and forecasts, by application, 2014 - 2025 (Kilotons) (USD Million)
                   6.6 Northeast
                       6.6.1 Northeast U.S. Prestressed Concrete (PC) Wire and Strand market estimates and forecasts, 2014 - 2025 (Kilotons) (USD Million)
                       6.6.2 Northeast U.S. Prestressed Concrete (PC) Wire and Strand market estimates and forecasts, by surface coatings, 2014 - 2025 (Kilotons) (USD Million)
                       6.6.3 Northeast U.S. Prestressed Concrete (PC) Wire and Strand market estimates and forecasts, by application, 2014 - 2025 (Kilotons) (USD Million)
Chapter 7 Competitive Landscape
                   7.1 Key regional players & recent developments and their impact on the industry
                   7.2 Key Company Categorization
                   7.3 Vendor landscape
                       7.3.1 List of key distributors
                   7.4 List of potential consumers
                   7.5 SWOT Analysis of key companies
                       7.5.1 Insteel
                       7.5.2 ArcelorMittal
Chapter 8 Company Profiles
                   8.1 Insteel
                       8.1.1 Company Overview
                       8.1.2 Financial performance
                       8.1.3 Product Benchmarking
                       8.1.4 Strategic Initiatives
                   8.2 Sumiden Wire Products Corporation
                       8.2.1 Company Overview
                       8.2.2 Product Benchmarking
                       8.2.3 Strategic Initiatives
                   8.3 Keystone Consolidated Industries, Inc. (Strand-Tech Manufacturing)
                       8.3.1 Company Overview
                       8.3.2 Product Benchmarking
                       8.3.3 Strategic Initiatives
                   8.4 Wire Mesh Corporation
                       8.4.1 Company Overview
                       8.4.2 Product Benchmarking
                   8.5 Deacero, S.A de C.V.
                       8.5.1 Company Overview
                       8.5.2 Product Benchmarking
                   8.6 ArcelorMittal
                       8.6.1 Company Overview
                       8.6.2 Financial Performance
                       8.6.3 Product Benchmarking
                       8.6.4 Strategic Initiatives
                   8.7 Usha Martin Americas Inc.
                       8.7.1 Company Overview
                       8.7.2 Financial Performance
                       8.7.3 Product Benchmarking
                   8.8 Bekaert
                       8.8.1 Company Overview
                       8.8.2 Financial Performance
                       8.8.3 Product Benchmarking
                       8.8.4 Strategic Initiatives

List of Tables

Table 1 Key international regulations & their impact on the U.S. Prestressed Concrete (PC) Wire and Strand industry
Table 2 U.S. uncoated prestressed concrete (PC) wire and strand market estimates and forecasts, 2014 - 2025 (Kilotons) (USD Million)
Table 3 U.S. galvanized prestressed concrete (PC) wire and strand market estimates and forecasts, 2014 - 2025 (Kilotons) (USD Million)
Table 4 U.S. epoxy coated prestressed concrete (PC) wire and strand market estimates and forecasts, 2014 - 2025 (Kilotons) (USD Million)
Table 5 U.S. others prestressed concrete (PC) wire and strand market estimates and forecasts, 2014 - 2025 (Kilotons) (USD Million)
Table 6 U.S. prestressed concrete (PC) wire and strand market estimates and forecasts in bridges 2014 - 2025 (Kilotons) (USD Million)
Table 7 U.S. prestressed concrete (PC) wire and strand market estimates and forecasts in buildings, 2014 - 2025 (Kilotons) (USD Million)
Table 8 U.S. Prestressed Concrete (PC) Wire and Strand market estimates and forecasts in graphic films, 2014 - 2025 (Kilotons) (USD Million)
Table 9 West U.S. prestressed concrete (PC) wire and strand market estimates and forecasts, 2014 - 2025 (Kilotons) (USD Million)
Table 10 West U.S. prestressed concrete (PC) wire and strand market estimates and forecasts, by surface coatings, 2014 - 2025 (Kilotons)
Table 11 West U.S. prestressed Concrete (PC) wire and strand market estimates and forecasts, by surface coatings, 2014 - 2025 (USD Million)
Table 12 West U.S. prestressed concrete (PC) wire and strand market estimates and forecasts, by application, 2014 - 2025 (Kilotons)
Table 13 West U.S. prestressed concrete (PC) wire and strand market estimates and forecasts, by application, 2014 - 2025 (USD Million)
Table 14 Midwest U.S. prestressed concrete (PC) wire and strand market estimates and forecasts, 2014 - 2025 (Kilotons) (USD Million)
Table 15 Midwest U.S. prestressed concrete (PC) wire and strand market estimates and forecasts, by surface coatings, 2014 - 2025 (Kilotons)
Table 16 Midwest U.S. prestressed Concrete (PC) wire and strand market estimates and forecasts, by surface coatings, 2014 - 2025 (USD Million)
Table 17 Midwest U.S. prestressed concrete (PC) wire and strand market estimates and forecasts, by application, 2014 - 2025 (Kilotons)
Table 18 Midwest U.S. prestressed concrete (PC) wire and strand market estimates and forecasts, by application, 2014 - 2025 (USD Million)
Table 19 Southwest U.S. prestressed concrete (PC) wire and strand market estimates and forecasts, 2014 - 2025 (Kilotons) (USD Million)
Table 20 Southwest U.S. prestressed concrete (PC) wire and strand market estimates and forecasts, by surface coatings, 2014 - 2025 (Kilotons)
Table 21 Southwest U.S. prestressed Concrete (PC) wire and strand market estimates and forecasts, by surface coatings, 2014 - 2025 (USD Million)
Table 22 Southwest U.S. prestressed concrete (PC) wire and strand market estimates and forecasts, by application, 2014 - 2025 (Kilotons)
Table 23 Southwest U.S. prestressed concrete (PC) wire and strand market estimates and forecasts, by application, 2014 - 2025 (USD Million)
Table 24 Southeast U.S. prestressed concrete (PC) wire and strand market estimates and forecasts, 2014 - 2025 (Kilotons) (USD Million)
Table 25 Southeast U.S. prestressed concrete (PC) wire and strand market estimates and forecasts, by surface coatings, 2014 - 2025 (Kilotons)
Table 26 Southeast U.S. prestressed Concrete (PC) wire and strand market estimates and forecasts, by surface coatings, 2014 - 2025 (USD Million)
Table 27 Southeast U.S. prestressed concrete (PC) wire and strand market estimates and forecasts, by application, 2014 - 2025 (Kilotons)
Table 28 Southeast U.S. prestressed concrete (PC) wire and strand market estimates and forecasts, by application, 2014 - 2025 (USD Million)
Table 29 Northeast U.S. prestressed concrete (PC) wire and strand market estimates and forecasts, 2014 - 2025 (Kilotons) (USD Million)
Table 30 Northeast U.S. prestressed concrete (PC) wire and strand market estimates and forecasts, by surface coatings, 2014 - 2025 (Kilotons)
Table 31 Northeast U.S. prestressed Concrete (PC) wire and strand market estimates and forecasts, by surface coatings, 2014 - 2025 (USD Million)
Table 32 Northeast U.S. prestressed concrete (PC) wire and strand market estimates and forecasts, by application, 2014 - 2025 (Kilotons)
Table 33 Northeast U.S. prestressed concrete (PC) wire and strand market estimates and forecasts, by technology, 2014 - 2025 (USD Million)
Table 34 List of U.S. prestressed concrete (PC) wire and strand distributors
Table 35 List of potential consumers

List of Figures

Fig. 1 U.S. prestressed concrete (PC) wire and strand market segmentation
Fig. 2 Information procurement
Fig. 3 Data analysis models
Fig. 4 Market formulation and validation
Fig. 5 Data validating & publishing
Fig. 6 Market outlook
Fig. 7 Application segmentation analysis
Fig. 8 Penetration and growth prospect mapping
Fig. 9 Value chain analysis
Fig. 10 U.S steel wire rod production (million tons)
Fig. 11 Market dynamics
Fig. 13 U.S total construction spending, 2008 - 2018 (USD million)
Fig. 14 Market restraint analysis
Fig. 15 U.S total construction spending, 2008 - 2018 (USD million)
Fig. 16 U.S. prestressed concrete (PC) wire and strand - Porter's analysis
Fig. 17 U.S. prestressed concrete (PC) wire and strand - PESTEL analysis
Fig. 18 U.S. prestressed concrete (PC) wire and strand market: Surface coatings movement analysis, 2018 & 2025
Fig. 19 U.S. Prestressed Concrete (PC) Wire and Strand market: Application movement analysis, 2018 & 2025
Fig. 20 U.S. prestressed concrete (PC) wire and strand market: Regional movement analysis, 2018 & 2025
Fig. 21 Insteel: SWOT Analysis
Fig. 22 ArcelorMittal: SWOT Analysis