It outlines the current trends and future scenario of the market from 2016 to 2023 to understand the prevailing opportunities and investment pockets.

Portland, OR -- (SBWire) -- 09/05/2017 --The wire or strand used on a PC structure is known as PC wire or strand and the structure constructed with prestressing is known as PC. PC wires and strands are a medium of attaining a force that helps neutralize external forces such as stress or compression.

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PC wire is extensively used in many fields, such as cement poles, crane beams, prestressed concrete, muti-factory frameworks, pressure pipe, railway sleepers, dams, panel, nuclear power plants, houses, high-rise buildings, and others. Fluctuation in the oil prices affects the frequency of the construction industry; for instance, an increase in oil prices boosts the construction activity, thus driving the prestressed concrete (PC) wire and strand market. However, the growing need for labor and the volatility of the Chinese steel market act as restraining factors for the market. All the same, the tremendous growth in the construction and manufacturing sector creates future opportunities.

The key players that operate in the market include

- ArcelorMittal S.A.
- elik Halat ve Tel Sanayii A.S.
- Insteel Engineers.
- AL ITTEFAQ STEEL PRODUCTS CO.
- DWK Drahtwerk Kln GmbH
- FAPRICELA
- Guizhou Wire Rope Co., Ltd.
- Gulf Steel Strands
- Henan Hengxing Science & Technology Co. Ltd.
- Hubei Fuxing Science and Technology Co. Ltd.

Global Prestressed Concrete (PC) Wire And Strand Market Key Segments:

By Type

- Prestressed PC steel wire
- Plain PC wire, indented PC wire
- Spiral ribbed PC wire

By Application

- Railroad industry
- Construction equipment
- Bridges and flyovers

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By Geography

North America

- U.S.
- Canada
- Mexico

Europe

- UK
- Germany
- France
- Italy
- Rest of Europe

Asia-Pacific

- India
- China
- Japan
- Australia
- Rest of Asia-Pacific

LAMEA

- Latin America
- The Middle East
- Africa