Prestressed Concrete Wire and Strand Market - Trends and Forecasts by Technavio

Technavio has published a new report on the global prestressed concrete (PC) wire and strand market from 2017-2021. (Graphic: Business Wire)

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LONDON--()--Technavio’s latest report on the global prestressed concrete (PC) wire and strand market provides an analysis on the most important trends expected to impact the market outlook from 2017-2021. Technavio defines an emerging trend as a factor that has the potential to significantly impact the market and contribute to its growth or decline.

Likhitha Bandla, a lead analyst from Technavio, specializing in research on the construction sector, says, “The global PC wire and strand market is segmented based on its applications and geography. In terms of application, PC wires are used in bridges and flyovers, and railroads and construction equipment industries.”

Galvanized PC wires are used on all the major cable-stayed bridges and suspension bridges across the world. In the construction equipment industry, PC wires are used in cranes for heavy weight lifting and assembling. Globally, the ever-changing economic factors such as price fluctuation in oil, steel, and iron are influencing the market dynamics of PC wires and strands.

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The top three emerging trends driving the global PC wire and strand market according to Technavio research analysts are:

Nanomaterials to expedite the building process in future

The application of nanotechnology in the construction industry is not only to enhance the material strength, durability, and function, but also to maintain energy efficiency and safety of the building. Nanotechnology deals with individual atoms and molecules that are of nanoscale between 1 and 100 nanometers.

Basic construction materials like cement, steel, and concrete will also benefit from nanotechnology. Nanoparticles such as nano-silica, nanostructured metals, and carbon nanotubes when added to the construction material provide stronger, more durable, fire resistant, easy to clean, and quick compacting concrete,” according to Likhitha.

Laser 3D technology in the construction industry

Laser technology is derived from focusing photons on a single spot to create a medium, which is more powerful than a beam of light. The light emitted can provide accurate results with respect to activities such as positioning, aligning, and leveling. The technology has a wide area of application in industries such as robotics, health, metallurgy, warfare, communication, and construction.

The technology is gaining traction among construction contractors that are working at big commercial projects as it eliminates the traditional processes such as leveling, aligning, and plumbing along with application such as excavation and pipe installation.

Increased infrastructure spending

Infrastructure is the most important aspect of a nation's growth. Roads, airports, rail, and telecom are important elements of infrastructure services, which accelerate economic growth by channelizing different aspect of the trade.

The focus for vendors should be on improving the quality of the product. The Chinese vendors have left the market unbalanced since the country is the largest producer of steel and offers cheap raw material.

The key vendors are as follows:

  • ArcelorMittal
  • Ḉelik Halat ve Tel Sanayii
  • Insteel
  • Siam Industrial Wire

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About Technavio

Technavio is a leading global technology research and advisory company. The company develops over 2000 pieces of research every year, covering more than 500 technologies across 80 countries. Technavio has about 300 analysts globally who specialize in customized consulting and business research assignments across the latest leading edge technologies.

Technavio analysts employ primary as well as secondary research techniques to ascertain the size and vendor landscape in a range of markets. Analysts obtain information using a combination of bottom-up and top-down approaches, besides using in-house market modeling tools and proprietary databases. They corroborate this data with the data obtained from various market participants and stakeholders across the value chain, including vendors, service providers, distributors, re-sellers, and end-users.

If you are interested in more information, please contact our media team at media@technavio.com.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 630 333 9501
UK: +44 208 123 1770
www.technavio.com

Release Summary

Technavio’s latest report on the global prestressed concrete (PC) wire and strand market provides an analysis on the most important trends expected to impact the market outlook from 2017-2021.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 630 333 9501
UK: +44 208 123 1770
www.technavio.com