Market Overview:
The global long steel wire rod market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for long steel wire rods in construction and industrial applications. In terms of type, the market is segmented into under 2mm in diameter, 2-8mm in diameter, and above 8mm in diameter segments. The under 2mm in diameter segment is projected to grow at a CAGR of 6% during the forecast period from 2018 to 2030. This growth can be attributed to the increasing demand for small size wires for various end-use applications such as fencing, binding wires, nails & screws, etc. In terms of application, the market is divided into construction, industrial and others segments.
Product Definition:
A long steel wire rod is a type of steel wire that is significantly longer than it is wide. It is often used in construction and manufacturing projects, where its strength and durability make it an ideal choice for many applications.
Under 2mm in Diameter:
Under 2mm in diameter steel wire rod is also known as micro-structure rod, it's a type of high strength carbon steel product used for manufacturing reinforcement bars and rebars. The yield strength of under 2mm in diameter steel wire rods is typically around 3 to 4 times higher than that of the common round bar.
The yield strength (YS) value represents the maximum stress a material can withstand before breaking.
2-8mm in Diamter:
2-8mm in diamter is the range of steel wire rod used for Long Steel Wire Rope. The 2-8mm in diamter range of steel wire rods are widely used for making sturdy and strong ropes.
2-8mm diameter steel wires are commonly available with three different finishes: bright, phosphoric, and matt. These finish types help improve the appearance as well as increase the corrosion resistance properties of the metal wires.
Application Insights:
The construction application segment led the global market and accounted for more than 35.0% share of the overall revenue in 2017. The product is widely used in residential, non-residential, and infrastructure sectors owing to its low cost, high strength properties. It is also easy to install &maintain as compared to other building materials such as steel cables or rods.
The industrial segment is expected to witness significant growth over the forecast period on account of increasing demand from various industries including oil & gas and energy among others which require large number of wires ranging from 2mm up to 8mm diameter for manufacturing components or tools required by them according with their specific requirements specifications.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The growth of this region can be attributed to rapid industrialization, which has triggered the demand from various application segments such as construction, automotive, energy & power generation sectors. In addition, rising disposable income levels and improving standards of living are likely to contribute toward industry growth in developing countries such as China and India over the coming years.
The European market accounted for a significant share owing to high product utilization across several end-use industries including oil & gas sector for well drilling activities; mining sector including metal extraction from rock; water treatment plants for filtration applications; etc. Moreover, stringent government regulations regarding waste management practices are anticipated to drive steel wire rod consumption levels across municipal wastewater facilities in Europe during the forecast period.
North America emerged as one of the prominent regional markets on account of growing investments by major construction companies operating across U.S.
Growth Factors:
- Increasing demand from construction and automotive industries
- Rising urbanization and industrialization in developing countries
- Growing use of long steel wire rod in rebar, fencing, and other construction applications
- Technological advancements that have led to the development of new products and applications for long steel wire rod
- Expansion of global trade leading to increased demand for long steel wire rod
Scope Of The Report
Report Attributes
Report Details
Report Title
Long Steel Wire Rod Market Research Report
By Type
Under 2mm in Diameter, 2-8mm in Diamter, Above 8mm in Diameter
By Application
Construction, Industrial, Others
By Companies
Arcelor Mittal, Gerdau, Nippon Steel, POSCO, Nucor Corporation, Ovako AB
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
216
Number of Tables & Figures
152
Customization Available
Yes, the report can be customized as per your need.
Global Long Steel Wire Rod Market Report Segments:
The global Long Steel Wire Rod market is segmented on the basis of:
Types
Under 2mm in Diameter, 2-8mm in Diamter, Above 8mm in Diameter
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Construction, Industrial, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Arcelor Mittal
- Gerdau
- Nippon Steel
- POSCO
- Nucor Corporation
- Ovako AB
Highlights of The Long Steel Wire Rod Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Under 2mm in Diameter
- 2-8mm in Diamter
- Above 8mm in Diameter
- By Application:
- Construction
- Industrial
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Long Steel Wire Rod Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Long steel wire rod is a type of metal wire used in construction. It is made from a variety of metals, including steel, and has a length that can range from several feet to several hundred feet.
Some of the major companies in the long steel wire rod market are Arcelor Mittal, Gerdau, Nippon Steel, POSCO, Nucor Corporation, Ovako AB.
The long steel wire rod market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Long Steel Wire Rod Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Long Steel Wire Rod Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Long Steel Wire Rod Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Long Steel Wire Rod Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Long Steel Wire Rod Market Size & Forecast, 2020-2028
4.5.1 Long Steel Wire Rod Market Size and Y-o-Y Growth
4.5.2 Long Steel Wire Rod Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Under 2mm in Diameter
5.2.2 2-8mm in Diamter
5.2.3 Above 8mm in Diameter
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Construction
6.2.2 Industrial
6.2.3 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Long Steel Wire Rod Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Long Steel Wire Rod Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Under 2mm in Diameter
9.6.2 2-8mm in Diamter
9.6.3 Above 8mm in Diameter
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Construction
9.10.2 Industrial
9.10.3 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Under 2mm in Diameter
10.6.2 2-8mm in Diamter
10.6.3 Above 8mm in Diameter
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Construction
10.10.2 Industrial
10.10.3 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Under 2mm in Diameter
11.6.2 2-8mm in Diamter
11.6.3 Above 8mm in Diameter
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Construction
11.10.2 Industrial
11.10.3 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Under 2mm in Diameter
12.6.2 2-8mm in Diamter
12.6.3 Above 8mm in Diameter
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Construction
12.10.2 Industrial
12.10.3 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Under 2mm in Diameter
13.6.2 2-8mm in Diamter
13.6.3 Above 8mm in Diameter
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Construction
13.10.2 Industrial
13.10.3 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Long Steel Wire Rod Market: Competitive Dashboard
14.2 Global Long Steel Wire Rod Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Arcelor Mittal
14.3.2 Gerdau
14.3.3 Nippon Steel
14.3.4 POSCO
14.3.5 Nucor Corporation
14.3.6 Ovako AB
