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. Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=267777372 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 conc