Stainless steel wire rods are formed by hot rolling billets on continuous revolving mills. Stainless steel wire rods are on the demand of getting a extensive growth in the coming future. The properties of these wire rods such as corrosion resistance, high tensile strength, high ductility, malleability, and greater variety of steel grades have enlarged its applications. These wire rods are mainly used in end-user industries such as agriculture, ship building, automobile, welding, electrodes, and petroleum, among others. In addition, they are also used in various industrial applications such as strengthening materials for tyres and conveyor belts.
One driver in market is increased usage of stainless steel wire in various industries. Stainless steel is used in a wide variety of applications in both industrial and consumer products because of its strength, durability, malleability, corrosion resistance, and attractive surface appearance. The major application of stainless steel wire rods is stainless steel wires which are used widely in many industries. In the automotive manufacturing industry, it is used commonly for reinforcing tires and to produce the drivetrain, steel wheel, exhaust, seating, and vehicle door systems. The global automotive industry is experiencing steady growth, and the volume of automobiles sold is expected to increase. The small vehicle segment consisting of microcars, superminis, and subcompacts account for approximately 34% of global vehicle sales.
APAC accounted for a major share of the stainless steel rods market during 2017. Asia is the largest producer of stainless steel wire rods across the globe, where China is leading region for the production of crude steel. Despite the high production, the rapid consumption of steel products within the country has turned the country into a leading importer of steel products. To revive from the existing imports, the government of China has initiated new investment plans to enhance productivity, which will further affect the growth of stainless steel wire rods market positively.
The global Stainless Steel Wire Rods market is valued at xx million US$ in 2018 is expected to reach xx million US$ by the end of 2025, growing at a CAGR of xx% during 2019-2025.
This report focuses on Stainless Steel Wire Rods volume and value at global level, regional level and company level. From a global perspective, this report represents overall Stainless Steel Wire Rods market size by analyzing historical data and future prospect. Regionally, this report focuses on several key regions: North America, Europe, China and Japan.
At company level, this report focuses on the production capacity, ex-factory price, revenue and market share for each manufacturer covered in this report.
The following manufacturers are covered:
Arcelormittal
Evraz
Gerdau
Shagang Group
NSSMC
Hebei Sakaguchi Stainless Steel
Ivaco Rolling Mills (HEICO)
Central Wire
Emirates Steel
Fagersta Stainless
Segment by Regions
North America
Europe
China
Japan
Segment by Type
6mm
8mm
10mm
12mm
Others
Segment by Application
Steel Wire
Steel Fasteners
Steel Bright Bars
Other
Summary:
Get latest Market Research Reports on Stainless Steel Wire Rods. Industry analysis & Market Report on Stainless Steel Wire Rods is a syndicated market report, published as Global Stainless Steel Wire Rods Market Research Report 2019. It is complete Research Study and Industry Analysis of Stainless Steel Wire Rods market, to understand, Market Demand, Growth, trends analysis and Factor Influencing market.