The Global Steel Wire Market Research Report provides a brief overview inclusive of the competitive landscape and key developments, policies, manufacturing costs, and processes. The report also provides the analysis of import/export, production and consumption ratio, supply and demand, cost, price, estimated revenue, and gross margins. The report further discusses in detail the driving factors influencing the growth of the market currently and in the coming years.

The global steel wire market size reached USD 98.96 Billion in 2021 and is expected to register a revenue CAGR of 5.5% during the forecast period, according to latest analysis by Emergen Research. Significant investments in construction of fences for various applications and purposes is a major factor driving market revenue growth. In addition, initiatives being undertaken by government bodies to install restraints to avoid human-animal conflicts and need to change fences from time to time are driving revenue growth of the market. Steel wires are preferred for fence construction due to ease of installation, visibility, and durability. One of the key properties of wire fencing is the freedom to customize and configure as per requirements. Also, companies invest in production equipment to manufacture different styles and finishes, and steel wires made from galvanized steel are more cost-effective and fences deployed with a combination of steel with wood posts for enhanced durability are more preferred.

However, wide availability of plastic and hybrid ropes as a replacement for steel ropes is a major factor restraining market revenue growth. Steel ropes are used in the construction of cranes, elevators, and others but due to disruptions in the supply chains and cost-effectiveness associated with the manufacturing of plastic and hybrid ropes, small & medium-scale industries are shifting towards the aforementioned alternatives. In addition, replacing steel ropes with plastic ropes has significantly reduced the weight of products, provide better stability, and reduced equipment load. Moreover, plastic ropes can withstand harsh environmental conditions and tolerate conditions during installation, handling, and equipment maintenance.

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Competitive Landscape:

The report emphasizes the demands and trends for the Steel Wire market in the global market, more importantly, in the market that is spread across the major regions of the country. These major regions include North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. The Steel Wire market is further segmented on the basis of product types offered in the market, application spectrum, leading manufacturers/companies, and key geographical regions.

The major companies Covered in the report are:

ArcelorMittal, HBIS Group, Nippon Steel Corporation, Bekaert, Tata Steel, JSW Steel, Kobe Steel, Ltd., JFE Steel Corporation, Heiko Companies, Insteel Industries, Inc., Fagersta Stainless AB, and GP Steel Manufacturing SA

Significant Features of the Steel Wire Market Report:

• Extensive competitive landscape analysis to offer the readers key insights into driving and restraining factors along with strategies adopted by the key players
• Assessment of the existing and emerging trends of the business sphere
• Detailed analysis of the emerging growth opportunities and threats and limitations the players might face in the coming years
• Significant breakdown of the market to assess the factors that might influence the global market growth
• An 8-year forecast for better understanding of the workings and growth opportunities of the market
• Extensive analysis of the key geographical regions to assess market share, market size, production and consumption, revenue contribution, and supply and demand ratio
• Comprehensive overview of the Steel Wire market on a regional and global level

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The Steel Wire market offers strategic insights that provide fruitful information to the readers to help them capitalize on the business offerings. Market share data is also available on a global and regional level.

Segments Covered in this report are:

• Type Outlook (Revenue, USD Billion; 2019-2030)
  • Carbon Steel
  • Alloy Steel
  • Stainless Steel

• Form Outlook (Revenue, USD Billion; 2019-2030)
  • Rope
  • Non-Rope

• End-Use Outlook (Revenue, USD Billion; 2019-2030)
  • Construction
  • Automotive
  • Energy
  • Others

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Table of Content

Chapter 1. Methodology & Sources

    1.1. Market Definition

    1.2. Research Scope 

    1.3. Methodology

    1.4. Research Sources

          1.4.1. Primary

          1.4.2. Secondary

          1.4.3. Paid Sources

    1.5. Market Estimation Technique

Chapter 2. Executive Summary

    2.1. Summary Snapshot, 2022–2030

Chapter 3. Key Insights

Chapter 4. Steel Wire Market Segmentation & Impact Analysis

    4.1. Industrial Outlook

          4.1.1. Market indicators analysis

          4.1.2. Market drivers’ analysis

                    4.1.2.1. Rising focus on development of sustainable and eco-friendly products

                    4.1.2.2. Increasing adoption of water based adhesives in packaging and footwear industries

                    4.1.2.3. Increasing usage of acrylic dispersion adhesives in the construction industry

          4.1.3. Market restrains analysis

                    4.1.3.1. Low storage capability due to perishability

                    4.1.3.2. High competition from hot melt adhesives

    4.2. Technological Insights

    4.3. Regulatory Framework

    4.4. Porter’s Five Forces Analysis

    4.5. Competitive Metric Space Analysis

    4.6. Price Trend Analysis

    4.7. Covid-19 Impact Analysis

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Emergen Research is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target, and analyse consumer behavior shifts across demographics, across industries, and help clients make smarter business decisions. We offer market intelligence studies ensuring relevant and fact-based research across multiple industries, including Healthcare, Touch Points, Chemicals, Types, and Energy. We consistently update our research offerings to ensure our clients are aware of the latest trends existent in the market. Emergen Research has a strong base of experienced analysts from varied areas of expertise. Our industry experience and ability to develop a concrete solution to any research problems provides our clients with the ability to secure an edge over their respective competitors.

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