Steel Wire Market Size, Share, and Forecast by 2031
Steel Wire Market: Strategic Insights
Steel Wire Market
-
CAGR (2023 - 2031)6.0% -
Market Size 2023
US$ 77.47 Billion -
Market Size 2031
US$ 123.23 Billion
Market Dynamics
GROWTH DRIVERS
- Growth in Building & Construction Industry
- Rising Demand for Steel Wire in Automotive Industry
FUTURE TRENDS
- Growing Focus on Steel Wire Recycling
OPPORTUNITIES
- Adoption of Low-Carbon Steel Wire across End-Use Industries
Key Players
- ArcelorMittal SA
- Nippon Steel SG Wire Co Ltd
- JFE Steel Corp
- TATA Steel Ltd
- Kobe Steel Ltd
- JSW Steel Ltd
- The HEICO Companies LLC
- NV Bekaert SA
- Tianjin Huayuan Metal Wire Products Co Ltd
- Henan Hengxing Science and Technology Co Ltd
Regional Overview
- North America
- Europe
- Asia-Pacific
- South and Central America
- Middle East and Africa
Market Segmentation
Material - Carbon Steel
- Stainless Steel
- Alloy Steel
Thickness - Below 0.8 mm
- 0.8 mm to 1.6 mm
- More Than 1.6 mm
Application - Construction
- Automotive
- Aerospace
- Mining
- Marine
- Agriculture
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