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The increase in government investment in infrastructure development is a major factor driving the growth of the steel wire market, as per The Business Research Company’s steel wire market opportunities and strategies report.

The steel wire market is expected to grow from $97.04 billion in 2021 to $127.25 billion in 2026 at a rate of 5.6%. The global steel wire market size is then expected to grow at a CAGR of 6.5% from 2026 and reach $174,14 billion in 2031.

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Major players in the steel wire market include ArcelorMittal, Nippon Steel Corporation, HBIS Group Co Ltd, JFE Steel Corporation, Bekaert SA.

The steel wire market is experiencing new product launches in recent years, with major companies coming up with innovative wire solutions. Product launch in the market is a planned effort to bring a new product to the consumer market.

The Global Steel Wire Market Is Segmented:
By Type: Carbon Steel, Alloy Steel, Stainless Steel

By Thickness: 0.01 Mm To 0.8 Mm, 0.8 Mm To 1.6 Mm, 1.6 Mm To 4 Mm, 4 Mm And Above

By Form: Non-Rope, Rope

By End-Use: Construction, Automotive, Energy, Industrial, Other End-Use Industries

By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, Asia Pacific is the largest region in the global steel wire market.

TBRC’s Steel Wire Market Report Covers:

Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.

Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

Time Series: Five years historic (2016-21) and ten years forecast (2022-2026-2031)

The Steel Wire Market Report 2022 – Opportunities And Strategies – Global Forecast To 2031 is one of a series of new reports from The Business Research Company that provides thorough steel wire market research, analyzes and forecasts steel wire market size, steel wire market share, steel wire market players, steel wire market trends, steel wire market segmentation and geographies, leading competitor revenues, profiles and market shares.

TBRC’s steel wire market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.

The steel wire is a metallic, cylindrical, and flexible strand that is commonly used for various applications. It can also form a wire rope, which has even more uses in both private and public sector industries.

View Similar Reports From The Business Research Company:

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