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.
In 2019, the market size of Stainless Steel Wire Rods is xx million US$ and it will reach xx million US$ in 2025, growing at a CAGR of xx% from 2019; while in China, the market size is valued at xx million US$ and will increase to xx million US$ in 2025, with a CAGR of xx% during forecast period.
In this report, 2018 has been considered as the base year and 2019 to 2025 as the forecast period to estimate the market size for Stainless Steel Wire Rods.
This report studies the global market size of Stainless Steel Wire Rods, especially focuses on the key regions like United States, European Union, China, and other regions (Japan, Korea, India and Southeast Asia).
This study presents the Stainless Steel Wire Rods production, revenue, market share and growth rate for each key company, and also covers the breakdown data (production, consumption, revenue and market share) by regions, type and applications. history breakdown data from 2014 to 2019, and forecast to 2025.
For top companies in United States, European Union and China, this report investigates and analyzes the production, value, price, market share and growth rate for the top manufacturers, key data from 2014 to 2019.
In global market, the following companies are covered:
Arcelormittal
Evraz
Gerdau
Shagang Group
NSSMC
Hebei Sakaguchi Stainless Steel
Ivaco Rolling Mills (HEICO)
Central Wire
Emirates Steel
Fagersta Stainless
Market Segment by Product Type
6mm
8mm
10mm
12mm
Others
Market Segment by Application
Steel Wire
Steel Fasteners
Steel Bright Bars
Other
Key Regions split in this report: breakdown data for each region.
United States
China
European Union
Rest of World (Japan, Korea, India and Southeast Asia)
The study objectives are:
To analyze and research the Stainless Steel Wire Rods status and future forecast in United States, European Union and China, involving sales, value (revenue), growth rate (CAGR), market share, historical and forecast.
To present the key Stainless Steel Wire Rods manufacturers, presenting the sales, revenue, market share, and recent development for key players.
To split the breakdown data by regions, type, companies and applications
To analyze the global and key regions market potential and advantage, opportunity and challenge, restraints and risks.
To identify significant trends, drivers, influence factors in global and regions
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market
In this study, the years considered to estimate the market size of Stainless Steel Wire Rods are as follows:
History Year: 2014-2018
Base Year: 2018
Estimated Year: 2019
Forecast Year 2019 to 2025
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 (United States, European Union and China) Stainless Steel Wire Rods Market Research Report 2019-2025. 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.