Global Prestressed Concrete Steel Strand Market Size, Share, Growth Analysis Report - Forecast 2034

Prestressed Concrete Steel Strand Industry Prospective:

The global prestressed concrete steel strand market size was worth around USD 5.27 Billion in 2024 and is predicted to grow to around USD 8.62 Billion by 2034 with a compound annual growth rate (CAGR) of roughly 4.7% between 2025 and 2034. The report analyzes the global prestressed concrete steel strand market's drivers, restraints/challenges, and the effect they have on the demands during the projection period. In addition, the report explores emerging opportunities in the prestressed concrete steel strand industry.

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Prestressed Concrete Steel Strand Market: Overview

The prestressed concrete steel brand is a twisted steel cable made up of two, three, seven, and nineteen high-strength steel wires. Moreover, it is stabilized for prestressed concrete. Furthermore, it is classified into smooth steel strand, mold pulling strand, coated epoxy resin steel strand, and scoring strand. For the record, road slabs, bridges, houses, tunnels, arches, and various other structures are constructed by using prestressed concrete steel strands.  

Key Insights

• As per the analysis shared by our research analyst, the global prestressed concrete steel strand market is estimated to grow annually at a CAGR of around 4.7% over the forecast period (2025-2034).
• Regarding revenue, the global prestressed concrete steel strand market size was valued at around USD 5.27 Billion in 2024 and is projected to reach USD 8.62 Billion by 2034.
• The prestressed concrete steel strand market is projected to grow at a significant rate due to increasing infrastructure development, rapid urbanization, growing demand for high-strength and durable construction materials, and rising investments in railway and renewable energy projects.
• Based on Type, the Uncoated segment is expected to lead the global market.
• On the basis of Application, the Bridges segment is growing at a high rate and will continue to dominate the global market.
• Based on the Coating Type, the Bare segment is projected to swipe the largest market share.
• By End-User, the Construction segment is expected to dominate the global market.
• Based on region, Asia-Pacific is predicted to dominate the global market during the forecast period.

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Prestressed Concrete Steel Strand Market: Growth Factors

Rise in need of homes in emerging economies to embellish the global market expansion by 2034

Thriving offsite construction activities will prompt the growth of the global prestressed concrete steel strand market. The growing popularity of prefab construction for structure molding under a regulated environment with a curing process will prop up the growth of the market across the globe. A rise in the number of megacities across the globe will boost the expansion of the market globally. A surge in the allocation of funds for infrastructural growth is predicted to pave the way for a sizable elevation of market earnings in the coming decade. An upsurge in the number of real estate projects and an increase in construction activities will proliferate the expansion of the market globally. A huge rise in flyover construction along with the construction of hospitals, shopping malls, clinics, bridges, and other structures will support the expansion of the market across the globe.    

Prestressed Concrete Steel Strand Market: Restraints

Low availability of experts can degrade the expansion of the industry globally over 2025-204

Lack of access to a skilled workforce and the necessity of high-quality control & inspection can impede the expansion of the global prestressed concrete steel strand industry. Fluctuations in the raw costs due to supply chain disruptions can hinder the growth of the industry across the globe.

Prestressed Concrete Steel Strand Market: Opportunities

Demand for houses with a surging populace can open new growth avenues for the global market

The rise in the urban population requiring strong infrastructure along with a need for houses for the growing population has translated into a huge demand for residential constructions, thereby creating new opportunities for growth for the global prestressed concrete steel strand industry.

Prestressed Concrete Steel Strand Market: Challenges

Stringent legislation enforced over product use in a slew of end-use sectors can create a huge challenge for the global industry 

Strict laws governing the use of products in automotive, buildings & bridges, and water-preserving tanks can impact the demand for products and halt the growth of the prestressed concrete steel strand industry across the globe.

Prestressed Concrete Steel Strand Market: Segmentation

The global global prestressed concrete steel strand market is sectored into type, application, and region.

In type terms, the prestressed concrete steel strand market across the globe is segregated into bare PC strand, wax-filled PC strand, grease-filled PC strand, and others segments. Furthermore, the bare PC strand segment, which led the type space in 2024, is predicted to continue leading the segment even during the forecast timeline. The expansion of the segment during 2024-2034 can be due to a rise in the use of bare PC strands as it helps in reducing environmental damage along with contributing less to carbon as well as VOC emissions in the environment.

Based on the application, the global prestressed concrete steel strand industry is sectored into transport, water conservancy, building, and energy segments. Additionally, the building segment, which acquired a key share of the global industry in 2024, is anticipated to record the fastest CAGR over the next eight years. The segmental expansion over the forecast timeline can be owing to the large-scale use of prestressed concrete steel strands in constructing buildings and bridges. Apart from this, it is also utilized in the construction of stadiums, tunnels, railway sleepers, and roads as well as construction of bridges.

By Coating Type, the global prestressed concrete steel strand market is split into Bare, Greased, Waxed, Others.

In terms of End-User, the global prestressed concrete steel strand market is categorized into Construction, Infrastructure, Energy, Others.

Prestressed Concrete Steel Strand Market: Report Scope

Prestressed Concrete Steel Strand Market: Regional Insights

North America is anticipated to maintain its number one position in the global prestressed concrete steel strand market over the forecast timeline

North America, which contributed about 40% of the global prestressed concrete steel strand market earnings in 2024, will be a leading region over the forecast timespan. Moreover, the regional market expansion over the forecast period can be a result of a prominent surge in the allocation of funds to civil infrastructure activities. In addition to this, an increase in the funding by the government for public infrastructural projects will further steel the expansion of the market in the region. Apart from this, the presence of key players in the sub-continent will further contribute to the expansion of the market in North America over the coming years. Apart from this, a rise in product sales from the U.S. to various developing and underdeveloped economies is likely to boost the economy of the region in the coming decade, thereby embellishing regional market trends.

Asia-Pacific prestressed concrete steel strand industry is set to record the fastest CAGR in the coming eight years. The regional industry expansion over 2025-2034 can be attributed to favorable government policies associated with product use in the construction of buildings and bridges in the region. Additionally, an increase in the population of countries such as China, Malaysia, India, and Japan has translated into huge demand for residential construction, thereby driving the industry growth in the region.   

Prestressed Concrete Steel Strand Market: Competitive Analysis

The report provides a company market share analysis to give a broader overview of the key market players. In addition, the report also covers key strategic developments of the market, including acquisitions & mergers, new product launches, agreements, partnerships, collaborations & joint ventures, research & development, and regional expansion of major participants involved in the prestressed concrete steel strand market on a global and regional basis.

The global prestressed concrete steel strand market is dominated by players like:

• Tata Steel Europe
• ArcelorMittal
• Sumiden Wire Products Corporation
• Insteel Industries Inc.
• Fapricela
• Usha Martin Limited
• Henan Hengxing Science & Technology Co. Ltd.
• Kiswire Ltd.
• Shagang Group
• Hunan Xianghui Metal Products Co. Ltd.
• Tianjin Dalu Steel Strand For Prestressed Co. Ltd.
• Siam Industrial Wire Co. Ltd.
• Gulf Steel Strands FZE
• AL-FAISAL STEEL PRODUCTS CO. LTD.
• Hubei Fuxing Science and Technology Co. Ltd.
• Fasten Group Corporation
• Hengshui Xinji Prestressing Wire Co. Ltd.
• Southern PC Steel
• Tianjin Metallurgical Group Corporation
• Zhejiang Tianma Bearing Group Co. Ltd.

The global prestressed concrete steel strand market is segmented as follows;

By Type

• Uncoated
• Galvanized
• Epoxy Coated

By Application

• Bridges
• Buildings
• Railways
• Energy
• Others

By Coating Type

• Bare
• Greased
• Waxed
• Others

By End-User

• Construction
• Infrastructure
• Energy
• Others

By Region

• North America
  • The U.S.
  • Canada
  • Mexico
• Europe
  • France
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • Australia
  • South Korea
  • Rest of Asia Pacific
• The Middle East & Africa
  • Saudi Arabia
  • UAE
  • Egypt
  • Kuwait
  • South Africa
  • Rest of the Middle East & Africa
• Latin America
  • Brazil
  • Argentina
  • Rest of Latin America