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Steel Wire Market - Industry Dynamics, Market Size, And Opportunity Forecast To 2030

Global Steel Wire Market: By Type (Carbon Steel, Alloy Steel and Stainless Steel); By Form (Rope and Non- Rope); By Coating Type (PVC, Zinc, Aluminum Alloy, Stainless Steel and Others); By thickness (0.01 mm to 0.8 mm, 0.01 mm to 0.8 mm, 1.6 mm to 4 mm and 4 mm & above); By End User (Oil and Gas, Aerospace, Construction, Automotive, Manufacturing and Others) and By Region¬—Industry Dynamics, Market Size, Opportunity and Forecast for 2022—2030

  • Published Date: 06-Dec-2022  |   Format: pdfpowerpointexcel  |  Report ID: AA1222334
    Delivery: 2 to 4 Hours

FREQUENTLY ASKED QUESTIONS

Global Steel Wire Market is valued at US$ 73.41 billion in 2021 and is expected to reach US$ 179.85 billion by 2030.

Global Steel Wire Market is expected to grow with a CAGR of 10.81% during the forecast period 2022-2030 and is expected to reach US$ 179.85 billion by 2030. 

The key drivers of the global steel wire market are the growing construction industry and rising demand from the automotive industry.

Fluctuating prices and availability of substitutes is a key restraint that is affecting the growth of the global steel wire market.

Asia Pacific is dominating the market by holding the largest share of the global steel wire market in 2021.

Asia Pacific is expected to grow with the highest CAGR during the forecast period 2022-2030.

China is accounting the majority of the share in Asia Pacific steel wire market.

Global Steel Wire Market is segmented by type, form, coating thickness, and end user.

Infrastructure development projects by various countries provide favorable growth opportunities in the market.

Form segment holds the largest share in the global steel wire market.

Rope holds the largest share and is expected to grow with the highest CAGR during the forecast period 2022-2030.

POSCO, JFE Steel Corporation, Jiangsu Shagang Group, HBIS Group, Jianglin Stainless Steel among all others.

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