North America is the largest market for dental diamond burs market

The global dental diamond burs market size is estimated at USD 130 million in 2021 and is projected to reach USD 191 million by 2026, at a CAGR of 8.0%, between 2021 and 2026. Dental diamond burs are restorative instruments. Dentists utilize diamond burs all around the world, most commonly with high-speed handpieces. The most common application of dental diamond burs is to grind away hard tooth tissue, generally enamel and bones. A diamond bur’s grinding action produces a rough surface. They are made by bonding small diamond particles to a substrate. They find their best use when a cut demands high accuracy is required.

The North America region is projected to be the largest market, in terms of value. APAC is expected to grow at the highest CAGR during the forecast period. Growth in North America is backed by The increasing cases of dental diseases, growing demand for tooth repair procedures, growth in the geriatric population, increasing number of dental practitioners, and rising number of dental clinics and dental laboratories.

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Moreover, the growth in this market is driven by a number of factors, such as the rising geriatric population, growing dental tourism in major Asian markets, such as India, increasing focus of prominent players on emerging Asian countries, increasing healthcare expenditure (coupled with the rising disposable income), growing awareness on oral healthcare, and increasing willingness of people to spend more on dental care to maintain dental aesthetics. Other factors, such as the increasing number of dental professionals, rising cases of dental diseases, and growing number of tooth repair procedures, are expected to support the growth of this regional market during the forecast period.

The key players in the dental diamond burs market are Dentsply Sirona Inc. (US), Henry Schein, Inc. (US), SHOFU Inc. (Japan), MANI, INC. (Germany), Bresseler USA (US), and others. The dental diamond burs market report analyzes the key growth strategies adopted by the leading market players, between 2016 and 2021, which include expansions, mergers & acquisition, new product developments/launch, and collaborations.

Henry Schein, Inc. is a healthcare solutions company. It is one of the world’s leading providers of healthcare products and services, particularly to dental and medical practitioners in their offices, as well as alternate care settings. The company conducts its business through three reportable segments, health care distribution, technology and value-added services, and Corporate TSA Revenues. The company manufactures dental specialty products in the areas of implants, orthodontics, and endodontics. It has its operations in 31 countries across the globe. It has 28 strategically-located distribution centers around the world. It is a fortune 500 company.

MANI, INC. engages itself in the development, manufacture, and sale of medical instruments specializing in surgical and dental products. The company started manufacturing surgical needles in 1956 and since has contributed as a medical device manufacturer supplying surgical and dental instruments. In order to actualize high-quality and low-cost production technologies, the firm has production facilities in Vietnam, Myanmar, and Laos. The company focuses largely on the R&D. It has three reportable segments, namely, surgical products (products related to the surgical and ophthalmic fields), eyeless products (Suture Needles: Eyeless・ Eyed) and Dental Products. The dental product segment includes R&D, manufacture, and distribution activities for the dental medical devices, such as dental instruments, root canal treatment instruments, endodontic rotary cutting instruments, and endodontic accessories. The company was listed on second section of Tokyo Stock Exchange in 2011.

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Increasing construction & infrastructure projects support the demand for steel wire market

Steel wire are used in a various of end-use industries, including construction, automotive, energy, agriculture, industrial, and others. It possesses high strength, scrub resistance, and good conductivity, which makes it useful in applications such as wire for tires, hoses, galvanized wires and strands, ACSR strands, and armoring of conductor cables, springs, fasteners, clips, staples, mesh, fencing, screws, nails, barbed wires, chains, etc. However, amidst the global COVID-19 pandemic, the demand for steel wires from the industries mentioned above is expected to show a sharp decline. The global steel wire market size is expected to grow from USD 93.2 billion in 2020 to USD 124.7 billion by 2025, projecting a CAGR of 6.0 % during the forecast period between 2020 and 2025.

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The construction end-use industry holds the dominant market share in the global steel wire market, both in terms of value and volume. The construction industry has increased demand for steel wire in prestressed concrete applications as it reduces the construction time and concrete material requirement. The demand for steel wires from construction end-use is expected to decline in 2020 due to halts in construction projects in the first half of 2020. Also, major manufacturers temporarily closed their plants during the lockdown. The demand is expected to recover after the COVID-19 pandemic is under control.

APAC is expected to account for the largest market share in the steel wire market

APAC accounts for the biggest share of the global steel wire market. The construction and automotive end-use industry are major consumers of steel wire in the region. The region is home to some of the major steel wire manufacturers such as Kobe Steel, Tata Steel, and Nippon Steel. Moreover, the China is a manufacturing hub of various commercial, military, and passenger automotive vehicles. Europe is the second major consumer of steel wire construction; automotive and energy are the major industries fueling the growth of the steel wire market in this region.

However, the COVID-19 outbreak has affected the demand for steel wire s in the region. On the positive side, support packages offered by governments of various countries will help to maintain the liquidity in steel wire market. Such initiatives coupled with recovery in the application industries will increase the demand for steel wire  in APAC and European region.

The key players in the steel wire  market include ArcelorMittal (Luxembourg), Nippon Steel (Japan), JFE Steel Corporation (Japan), TATA Steel Limited (India) and Kobe Steel, Ltd. (Japan), are some of the key players in the steel wire market. JSW Steel Ltd. (India), Bekaert SA (Belgium), The Heico Companies (United States), Ferrier Nord (Italy) and Byelorussian Steel Works (Belarus), and among others. These companies are involved in adopting various inorganic and organic strategies to increase their foothold in the steel wire market. These players have taken different organic and inorganic developmental strategies over the past five years.

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Sibelco NV (Belgium), U.S. Silica Holdings, Inc. (US) are Leading Players in the Washed Silica Sand Market

The global washed silica sand market size is projected to grow from USD 18 million in 2021 to USD 24 million by 2026, at a Compound Annual Growth Rate (CAGR) of 5.4% during the forecast year. Washed silica sand refers to silica sand that undergoes a washing and rinsing process after mining. Salt, clay, and other powders and dust are washed out of the overall mixture. It often undergoes additional separating and classification into grain sizes or grit sizing. Washed silica sand comes in coarse, medium, fine, and ultra-fine granule sizes. Washed silica sand is used for various applications, such as glass, foundry, ceramic & refractories, filtration, abrasives, metallurgical silicon, and oil well cementing.

The washed silica sand market has thousands of companies which thrive in their domestic market. A few of the major players are, Sibelco NV (Belgium), U.S. Silica Holdings, Inc. (US), VRX Silica Limited (Australia), Australian Silica Quartz Group Ltd (Australia), and Adwan Chemical Industries Company (Saudi Arabia), among others. These players have adopted various growth strategies, such as merger & acquisitions, and agreements, to increase their market shares and enhance their product portfolios.

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Merger & acquisition accounted for the largest share of all the strategic developments that took place in the washed silica sand market between 2017 and 2020. Key players such as U.S. Silica Holdings, Inc., and VRX Silica Limited adopted these strategies to enhance their business, market presence, and meet consumer demand.

SCR- Sibelco NV is a global material solutions company. It provides specialty industrial minerals, particularly silica, clays, feldspathic sand, and olivine. The company operates different business segments, namely, Covia, Build Environment; Disposal Group Lime, Glass Solutions; Coating, Polymer & Chemical Solutions; and Water & Environment Solutions. Covia operates with 50 million tons of active production capacity. The company produces the crystalline forms of silica – quartz and cristobalite – as both sands and flours. For industrial use, pure deposits of silica capable of yielding products of at least 98% SiO2 are required. The company has three major silica sand production facilities worldwide. It has 114 production sites that are operating in 31 countries worldwide.

U.S. Silica Holdings, Inc. engages in the provision of commercial silica products. It operates through the Oil & Gas Proppants and Industrial & Specialty Products segments. The Oil & Gas Proppants segment focuses in delivering fracturing sand, which is pumped down oil and natural gas wells to prop open rock fissures and increase the flow rate of natural gas and oil from the wells. The company operates in the US and Canada. It operates 23 production facilities in the US. It controls 489 million tons of reserves of commercial silica, which can be processed to make 197 million tons of finished products.

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Increasing number of dental laboratories investing in CAD/CAM technologies is driving the Dental Diamond Burs Market

The global dental diamond burs market size is estimated at USD 130 million in 2021 and is projected to reach USD 191 million by 2026, at a CAGR of 8.0%, between 2021 and 2026. The dental diamond burs market is witnessing high growth owing to the rising cases of dental diseases, increasing demand for cosmetic dentistry, growing dental tourism in emerging markets, changing lifestyles, unhealthy food habits, and the increasing disposable income in developing countries.

To know about the assumptions considered for the study download the pdf brochure

The dental industry is increasingly embracing computer-aided design (CAD)/computer-aided manufacturing (CAM) due to its high precision in dental restoration and digital orthodontics. These technologies are used for developing milled crowns, dentures, bridges, and fabricated abutments that are used in dental restoration procedures. They can also provide personalized brackets and removable braces for orthodontic treatments. The increasing use of CAD/CAM has reduced the need to wear temporary bridges/crowns during dental restoration treatments, enabled less time-consuming treatment procedures, and reduced the number of doctor visits.

Although a majority of prosthetic elements are still manufactured manually, the use of CAD/CAM prosthetic elements is increasing due to their advantages, for instance, customization. Their adoption has also grown due to the increasing shift toward digitalization. Recent developments in this regard include:

  • In November 2019, 3 Shape partnered with Ivoclar. This involved the integration of the 3Shape TRIOS Intraoral Scanner and the TRIOS Design Studio to provide an advanced CAD/CAM milling solution.
  • From 2016–2018, many leading players in the orthodontic supplies market, including 3M, Ormco, Henry Schein, Align Technology, American Orthodontics, and Rocky Mountain Orthodontics, entered into a partnership agreement with 3Shape (Denmark) for the integration of 3Shape’s orthodontic workflow software and digital CAD/CAM technologies, along with their existing product offerings.
  • In 2017, Align Technology collaborated with Digital Smile Design (DSD) for providing software that streamlines workflows with Align Technology’s Invisalign system by utilizing concepts and protocols from DSD.
  • In March 2017, Kuraray and DENTSPLY Sirona signed a material partnership for CAD/CAM blocks. The CAD/CAM materials from Kuraray Noritake Dental will be used in CEREC and Lab systems from DENTSPLY Sirona.

North America is the largest market for dental diamond burs market

The North America region is projected to be the largest market, in terms of value. APAC is expected to grow at the highest CAGR during the forecast period. Growth in North America is backed by The increasing cases of dental diseases, growing demand for tooth repair procedures, growth in the geriatric population, increasing number of dental practitioners, and rising number of dental clinics and dental laboratories. Moreover, the growth in this market is driven by a number of factors, such as the rising geriatric population, growing dental tourism in major Asian markets, such as India, increasing focus of prominent players on emerging Asian countries, increasing healthcare expenditure (coupled with the rising disposable income), growing awareness on oral healthcare, and increasing willingness of people to spend more on dental care to maintain dental aesthetics. Other factors, such as the increasing number of dental professionals, rising cases of dental diseases, and growing number of tooth repair procedures, are expected to support the growth of this regional market during the forecast period.

The key players in the dental diamond burs market are Dentsply Sirona Inc. (US), Henry Schein, Inc. (US), SHOFU Inc. (Japan), MANI, INC. (Germany), Bresseler USA (US), and others. The dental diamond burs market report analyzes the key growth strategies adopted by the leading market players, between 2016 and 2021, which include expansions, mergers & acquisition, new product developments/launch, and collaborations.

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Henry Schein, Inc. (US) and MANI, INC. (Germany) are Leading Players in the Dental Diamond Burs Market

The global dental diamond burs market size is estimated at USD 130 million in 2021 and is projected to reach USD 191 million by 2026, at a CAGR of 8.0%, between 2021 and 2026. Dental diamond burs are restorative instruments. Dentists utilize diamond burs all around the world, most commonly with high-speed handpieces. The most common application of dental diamond burs is to grind away hard tooth tissue, generally enamel and bones. A diamond bur’s grinding action produces a rough surface. They are made by bonding small diamond particles to a substrate. They find their best use when a cut demands high accuracy is required.

The key players in the dental diamond burs market are Dentsply Sirona Inc. (US), Henry Schein, Inc. (US), SHOFU Inc. (Japan), MANI, INC. (Germany), Bresseler USA (US), and others. The dental diamond burs market report analyzes the key growth strategies adopted by the leading market players, between 2016 and 2021, which include expansions, mergers & acquisition, new product developments/launch, and collaborations.

To know about the assumptions considered for the study download the pdf brochure

Henry Schein, Inc. is a healthcare solutions company. It is one of the world’s leading providers of healthcare products and services, particularly to dental and medical practitioners in their offices, as well as alternate care settings. The company conducts its business through three reportable segments, health care distribution, technology and value-added services, and Corporate TSA Revenues. The company manufactures dental specialty products in the areas of implants, orthodontics, and endodontics. It has its operations in 31 countries across the globe. It has 28 strategically-located distribution centers around the world. It is a fortune 500 company.

MANI, INC. engages itself in the development, manufacture, and sale of medical instruments specializing in surgical and dental products. The company started manufacturing surgical needles in 1956 and since has contributed as a medical device manufacturer supplying surgical and dental instruments. In order to actualize high-quality and low-cost production technologies, the firm has production facilities in Vietnam, Myanmar, and Laos. The company focuses largely on the R&D. It has three reportable segments, namely, surgical products (products related to the surgical and ophthalmic fields), eyeless products (Suture Needles: Eyeless・ Eyed) and Dental Products. The dental product segment includes R&D, manufacture, and distribution activities for the dental medical devices, such as dental instruments, root canal treatment instruments, endodontic rotary cutting instruments, and endodontic accessories. The company was listed on second section of Tokyo Stock Exchange in 2011.

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Dental Diamond Burs Market Driver: Changing lifestyles and unhealthy food habits

Lifestyle changes, unhealthy food habits, and the growing intake of high-sugar food and aerated drinks result in a rapid decline in oral hygiene and increasing incidences of dental problems. According to the World Health Organization (WHO) Global Burden of Disease Study (2017), oral diseases have impacted ~3.5 billion people across the globe. Nearly 2.3 billion people and 530 million children suffer from cavities. This suggests an increased uptake of dental procedures and demand for dental equipment. Dental equipment is utilized for diagnosis, teeth removal, ortho-dentistry, restoration, and other dental treatments and procedures. This helps dentists in finding the cause of dental problems.

Growth in the prevalence of dental problems is due to factors, such as:

  • Increasing consumption of high-sugar foods: Chocolates, sugary cookies, cakes, ice cream, and donuts contain sugar in abundance. Bacteria present in the mouth grow as a result of high sugar. Sugary drinks leave a coating on gums and teeth that increases the bacterial attack leading to weakened dental health.
  • Consumption of tobacco-related products: The adverse impacts of tobacco on oral health include relatively harmless discoloration, halitosis, staining of teeth, oral mucosal diseases, smoker’s palate, smoker’s melanosis, increasing candidiasis, cavities, and malignant lesions; it could also lead to life-threatening oral cancer. 
  • Gum diseases: Bleeding gums, swelling, chronic bad breath, or sensitivity to cold or hot foods due to stubborn bacteria in oral cubicles are major factors resulting in poor oral health.

Oral piercing: According to the American Dental Association, a rising number of people are opting for oral piercing, resulting in a high rate of infection. Oral piercings are commonly seen in young adults, and the tongue is considered the most common site for oral piercing placement. This results in bleeding, chipped or damaged teeth, lacerations/scarring, palatal erythema, swelling, gingival recession, or unusual discharge from the pierced region. Such instances boost the demand for dental procedures.

The global dental diamond burs market size is estimated at USD 130 million in 2021 and is projected to reach USD 191 million by 2026, at a CAGR of 8.0%, between 2021 and 2026. Dental diamond burs are restorative instruments. The dental diamond burs market is witnessing high growth owing to the rising cases of dental diseases, increasing demand for cosmetic dentistry, growing dental tourism in emerging markets, changing lifestyles, unhealthy food habits, and the increasing disposable income in developing countries.

Browse 230 market data Tables and 60 Figures spread through 226 Pages and in-depth TOC on “Dental Diamond Burs Market by type (Diamonds, Tungsten Carbide, Stainless Steel), Application (Hospitals, Clinics), Technology (Electrolytic Co-deposition, Micro brazing, CVD (Chemical Vapor desposition), Sintering), and Region – Global Forecasts to 2026”

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Impact of COVID-19 on global steel wire market

The steel wire market is expected to witness a decline in 2020 due to the COVID-19 pandemic. This deadly virus has adversely affected the entire globe, especially the North American and European regions. To prevent the further spread of this virus, companies have shut down their operations and manufacturing facilities. This has led to a reduction in the consumption of steel wires across industrial manufacturing, mining, automotive, aerospace & defence, and other industries.

The global steel wire market size is expected to grow from USD 93.1 billion in 2020 to USD 124.7 billion by 2025, at a CAGR of 6.0% during the forecast period. Steel wire is extensively being used in the construction, automotive, energy, agriculture, industrial, and other end-use industries. The increasing construction & infrastructure projects support the demand for steel wire in the construction end-use industry.

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Recovery in automotive end-use industry post COVID-19

The automotive end-use industry is the worst-affected industry due to the COVID-19 pandemic. The automotive demand fell by 19% in the first ten months of 2020 as compared with 2019. According to the World Steel Association, the consumption of finished steel is expected to fall by 17% in 2020 in the automotive end-use industry; the consumption is expected to grow in the post-pandemic situation. The finished steel consumption is expected to grow by 13% globally. Europe is the hub for the automotive industry; the growth in the automotive sector is an opportunity for steel wire manufacturers in the region. Also, various governments have offered stimulus packages for the automotive industry in the European region, which is expected to help the automotive manufacturers in the region.

Need to maintain uninterrupted supply chain and operate at full capacity post COVID-19

The global construction, automotive, mechanical manufacturing, and metal industries have witnessed adverse and immediate consequences of the COVID-19 pandemic. These are the worst-affected industries, and the biggest challenge for steel wire manufacturers is to resume production at their original capacities and make up for the revenue loss and damage caused by the pandemic. The COVID-19 pandemic has created ripples across the global steel wire industries due to the closure of national and international borders, leading to disrupted supply chains. The challenges in the current and future scenarios for the steel wire industry are to ensure the smooth flow of global supply chains, responsible for rapidly transporting materials and components across borders and fabrication facilities. These industries have to make up for the delays or non-arrival of raw materials.

APAC held the largest market share in the steel wire  market

The region has a largest share in the steel wires market owing to its increasing demand    from construction & infrastructure projects, growing automotive production, growing energy transfer infrastructure, and increasing industrial manufacturing. The region has presence of number of tire one manufacturers, electricity consumption is growing in the region which has huge opportunity for steel wire markets in these sectors.

Key Market Players

The key players in the global steel wire market are:

  • ArcelorMittal (the Luxembourg),
  • Nippon Steel (Japan)
  • JFE Steel Corporation (Japan)
  • Bekaert SA (Belgium)
  • Tata Steel Limited (India)
  • Kobe Steel Limited (Japan)
  • The Heico Companies (United States),
  • Ferrier Nord (Italy)

These companies are involved in adopting various inorganic and organic strategies to increase their foothold in the steel wire  industry. The study includes an in-depth competitive analysis of these key players in the steel wire  market, with their company profiles, recent developments, and key market strategies. 

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Lanxess (Germany) and Perstorp (Sweden) are the leading players in Calcium Formate Market

The global calcium formate market size is estimated to grow from USD 545 million in 2020 to USD 713 million by 2025, at a CAGR of 5.5% during the forecast period. The market is projected to witness decent growth in the near future, owing to the wide application areas of calcium formate ranging from leather and textile to the construction industry. Increasing demand from APAC will further drive the growth of the global calcium formate market.

APAC is estimated to be the leading calcium formate market during the forecast period. The growth in this region can be attributed to the rapidly increasing demand for calcium formate from the end-use industries, especially construction, leather & textile and animal husbandry.  The market is witnessing moderate growth, owing to increasing application, technological advancements, and growing demand for these calcium formate additives in the APAC and Europe.

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Lanxess (Germany), Perstorp (Sweden), Chongqing Chuandong Chemical (Group) Co. Ltd. (China), Geo Specialty Chemical Inc.(Ohio), and Zibo Ruibao Chemical Co. Ltd. (China), American Elements (US), Henan Botai Chemical Building Material Co. Ltd. (China), Shandong Baoyuan Chemical Co. Ltd. (China), Jiangxi Kosin Organic Chemical Co. Ltd (China) and Sidley Chemical Co. Ltd (China) among others are the leading calcium formate manufacturers, globally. These companies adopted expansion, new product development, joint venture, and merger & acquisition as their key growth strategies between 2017 and 2020 to earn a competitive advantage in the calcium formate market.

Lanxess (Germany) is the largest player in the market. In February 2020, LANXESS completed the acquisition of Itibanyl Produtos Especiais Ltda. (IPEL). With the acquisition, LANXESS is strengthening its position as one of the world’s leading manufacturers of antimicrobial active ingredients and formulations. In November 2019, PMC Group acquires of Lanxess’ Organotin Specialties Business Assets. The Business included Lanxess’ global organotin catalyst, organotin specialties and intermediates product lines.

Perstorp (Sweden) is ranked second in the calcium formate market. In November 2019, Perstorp, invested in the construction of a new Pentaerythritol (Penta) production facility in Gujarat, India. The Gujarat plant will produce Penta, including the renewable grades of Voxtar, providing up to a 60% reduced carbon footprint. Commercial production is planned to start in Q1 2022. Also, in July 2019, ProPhorce  Valerins is the latest innovation by Perstorp in the field of animal nutrition.  It consists of glycerol esters of valeric acid. Research have shown that this product significantly improves broiler performance even when compared to industry standards such as butyric acid.

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Steel Wire Market Competitive Analysis with Growth Forecast Till 2025

Steel wire are used in a various of end-use industries, including construction, automotive, energy, agriculture, industrial, and others. It possesses high strength, scrub resistance, and good conductivity, which makes it useful in applications such as wire for tires, hoses, galvanized wires and strands, ACSR strands, and armoring of conductor cables, springs, fasteners, clips, staples, mesh, fencing, screws, nails, barbed wires, chains, etc. However, amidst the global COVID-19 pandemic, the demand for steel wires from the industries mentioned above is expected to show a sharp decline. The global steel wire market size is expected to grow from USD 93.2 billion in 2020 to USD 124.7 billion by 2025, projecting a CAGR of 6.0 % during the forecast period between 2020 and 2025.

APAC accounts for the biggest share of the global steel wire market. The construction and automotive end-use industry are major consumers of steel wire in the region. The region is home to some of the major steel wire manufacturers such as Kobe Steel, Tata Steel, and Nippon Steel. Moreover, the China is a manufacturing hub of various commercial, military, and passenger automotive vehicles. Europe is the second major consumer of steel wire construction; automotive and energy are the major industries fueling the growth of the steel wire market in this region.

To know about the assumptions considered for the study download the pdf brochure

Over the past years, steel wire manufacturers have strengthened their position in the global steel wires market by adopting expansions, partnerships, agreements, new product/technology launches, joint ventures, contracts, and mergers & acquisitions. However, owing to lockdown announced by several countries in 2020, the demand for steel wire from automotive, industrial and energy end-use industries has declined sharply, which resulted in declined demand for steel wire. For instance, as per European Automobile Manufacturers Association the demand for the demand for new cars in Europe is declined by 25% in first quarter of 2020, thereby reducing steel wire demand.

The major manufacturers profiled in this report include ArcelorMittal (Luxembourg), Nippon Steel (Japan), JFE Steel Corporation (Japan), TATA Steel Limited (India) and Kobe Steel, Ltd. (Japan), are some of the key players in the steel wire market. JSW Steel Ltd. (India), Bekaert SA (Belgium), The Heico Companies (United States), Ferrier Nord (Italy) and Byelorussian Steel Works (Belarus), and among others. The steel wire business of these companies is severely affected due to the outbreak of COVID – 19 pandemic. Reduced demand for steel wire from several OEMs and disruption in the supply chain have compelled the steel wire manufacturing companies to operate at partial capacities. However, several steel wire manufacturers have focused their concentration on new product development. These developments, coupled with end-use industries resuming their operations at full capacities, would create demand for steel wires during the forecast period. For instance, Bekaert SA reached to and acquisition agreement with Bridon-Bekaert Ropes Group and took full ownership. The company adopted this strategy to grow their business globally and to create significant value over the period of time.

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Increasing demand from the construction industry to drive the demand for steel wire

The global steel wire market size is expected to grow from USD 93.1 billion in 2020 to USD 124.7 billion by 2025, at a CAGR of 6.0% during the forecast period. Steel wire is extensively being used in the construction, automotive, energy, agriculture, industrial, and other end-use industries. The increasing construction & infrastructure projects support the demand for steel wire in the construction end-use industry.

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The construction industry is the largest application industry in the steel wire market in terms of volume. Steel wire find wide applications in construction industry in road, river & railway bridges and flyovers, atomic reactor domes, slabs, silos, hangers, aqueducts, high-rise buildings, viaducts, and railway sleeper construction.

The construction industry has increased demand for steel wire in prestressed concrete applications as it reduces the construction time and concrete material requirement. The demand for steel wires from construction end-use is expected to decline in 2020 due to halts in construction projects in the first half of 2020. Also, major manufacturers temporarily closed their plants during the lockdown. The demand is expected to recover after the COVID-19 pandemic is under control.

Recent Developments

  • In January 2019, Byelorussian Steel Works signed the supply contract with a Continental (Germany) in order to supply around 32.8 thousand tons of steel cords. This agreement helped company to maintain their competitive position in the market.
  • In April 2018, Bekaert  SA reached to and acquisition agreement with Bridon-Bekaert Ropes Group and took full ownership. The company adopted this strategy to grow their business globally and to create significant value over the period.

APAC accounts for the biggest share of the global steel wire market. The construction and automotive end-use industry are major consumers of steel wire in the region. The region is home to some of the major steel wire manufacturers such as Kobe Steel, Tata Steel, and Nippon Steel. Moreover, the China is a manufacturing hub of various commercial, military, and passenger automotive vehicles. Europe is the second major consumer of steel wire construction; automotive and energy are the major industries fueling the growth of the steel wire market in this region.

The key players in the steel wire  market include ArcelorMittal (Luxembourg), Nippon Steel (Japan), JFE Steel Corporation (Japan), TATA Steel Limited (India) and Kobe Steel, Ltd. (Japan), are some of the key players in the steel wire market. JSW Steel Ltd. (India), Bekaert SA (Belgium), The Heico Companies (United States), Ferrier Nord (Italy) and Byelorussian Steel Works (Belarus), and among others. These companies are involved in adopting various inorganic and organic strategies to increase

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