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Stainless Steel Wire Rods-Global Market Insights and Sales Trends 2024
Synopsis
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.
The global Stainless Steel Wire Rods market size is expected to reach US$ million by 2029, growing at a CAGR of % from 2023 to 2029. The market is mainly driven by the significant applications of Stainless Steel Wire Rods in various end use industries. The expanding demands from the Steel Wire, Steel Fasteners, Steel Bright Bars and Other, are propelling Stainless Steel Wire Rods market. 6mm, one of the segments analysed in this report, is projected to record % CAGR and reach US$ million by the end of the analysis period. Growth in the 8mm segment is estimated at % CAGR for the next seven-year period.
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.
Report Objectives
This report provides market insight on the different segments, by manufacturers, by Type, by Application. Market size and forecast (2018-2029) has been provided in the report. The primary objectives of this report are to provide 1) global market size and forecasts, growth rates, market dynamics, industry structure and developments, market situation, trends; 2) global market share and ranking by company; 3) comprehensive presentation of the global market for Stainless Steel Wire Rods, with both quantitative and qualitative analysis through detailed segmentation; 4) detailed value chain analysis and review of growth factors essential for the existing market players and new entrants; 5) emerging opportunities in the market and the future impact of major drivers and restraints of the market.
Key Features of The Study:
This report provides in-depth analysis of the global Stainless Steel Wire Rods market, and provides market size (US$ million) and CAGR for the forecast period (2023-2029), considering 2022 as the base year.
This report profiles key players in the global Stainless Steel Wire Rods market based on the following parameters - company details (found date, headquarters, manufacturing bases), products portfolio, Stainless Steel Wire Rods sales data, market share and ranking.
This report elucidates potential market opportunities across different segments and explains attractive investment proposition matrices for this market.
This report illustrates key insights about market drivers, restraints, opportunities, market trends, regional outlook.
Key companies of Stainless Steel Wire Rods covered in this report include Arcelormittal, Evraz, Gerdau, Shagang Group, NSSMC, Hebei Sakaguchi Stainless Steel, Ivaco Rolling Mills (HEICO), Central Wire and Emirates Steel, etc.
The global Stainless Steel Wire Rods market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.
Market Segmentation
Company Profiles:
Arcelormittal
Evraz
Gerdau
Shagang Group
NSSMC
Hebei Sakaguchi Stainless Steel
Ivaco Rolling Mills (HEICO)
Central Wire
Emirates Steel
Fagersta Stainless
Global Stainless Steel Wire Rods market, by region:
North America (U.S., Canada, Mexico)
Europe (Germany, France, UK, Italy, etc.)
Asia Pacific (China, Japan, South Korea, Southeast Asia, India, etc.)
South America (Brazil, etc.)
Middle East and Africa (Turkey, GCC Countries, Africa, etc.)
Global Stainless Steel Wire Rods market, Segment by Type:
6mm
8mm
10mm
12mm
Others
Global Stainless Steel Wire Rods market, by Application
Steel Wire
Steel Fasteners
Steel Bright Bars
Other
Core Chapters
Chapter One: Introduces the study scope of this report, executive summary of market segments by Type, market size segments for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Two: Detailed analysis of Stainless Steel Wire Rods manufacturers competitive landscape, price, sales, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.
Chapter Three: Sales, revenue of Stainless Steel Wire Rods in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the future development prospects, and market space in the world.
Chapter Four: Introduces market segments by Application, market size segment for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Five, Six, Seven, Eight and Nine: North America, Europe, Asia Pacific, South America, Middle East & Africa, sales and revenue by country.
Chapter Ten: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter Eleven: Analysis of industrial chain, key raw materials, manufacturing cost, and market dynamics. Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter Twelve: Analysis of sales channel, distributors and customers.
Chapter Thirteen: Research Findings and Conclusion.
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.
The global Stainless Steel Wire Rods market size is expected to reach US$ million by 2029, growing at a CAGR of % from 2023 to 2029. The market is mainly driven by the significant applications of Stainless Steel Wire Rods in various end use industries. The expanding demands from the Steel Wire, Steel Fasteners, Steel Bright Bars and Other, are propelling Stainless Steel Wire Rods market. 6mm, one of the segments analysed in this report, is projected to record % CAGR and reach US$ million by the end of the analysis period. Growth in the 8mm segment is estimated at % CAGR for the next seven-year period.
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.
Report Objectives
This report provides market insight on the different segments, by manufacturers, by Type, by Application. Market size and forecast (2018-2029) has been provided in the report. The primary objectives of this report are to provide 1) global market size and forecasts, growth rates, market dynamics, industry structure and developments, market situation, trends; 2) global market share and ranking by company; 3) comprehensive presentation of the global market for Stainless Steel Wire Rods, with both quantitative and qualitative analysis through detailed segmentation; 4) detailed value chain analysis and review of growth factors essential for the existing market players and new entrants; 5) emerging opportunities in the market and the future impact of major drivers and restraints of the market.
Key Features of The Study:
This report provides in-depth analysis of the global Stainless Steel Wire Rods market, and provides market size (US$ million) and CAGR for the forecast period (2023-2029), considering 2022 as the base year.
This report profiles key players in the global Stainless Steel Wire Rods market based on the following parameters - company details (found date, headquarters, manufacturing bases), products portfolio, Stainless Steel Wire Rods sales data, market share and ranking.
This report elucidates potential market opportunities across different segments and explains attractive investment proposition matrices for this market.
This report illustrates key insights about market drivers, restraints, opportunities, market trends, regional outlook.
Key companies of Stainless Steel Wire Rods covered in this report include Arcelormittal, Evraz, Gerdau, Shagang Group, NSSMC, Hebei Sakaguchi Stainless Steel, Ivaco Rolling Mills (HEICO), Central Wire and Emirates Steel, etc.
The global Stainless Steel Wire Rods market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.
Market Segmentation
Company Profiles:
Arcelormittal
Evraz
Gerdau
Shagang Group
NSSMC
Hebei Sakaguchi Stainless Steel
Ivaco Rolling Mills (HEICO)
Central Wire
Emirates Steel
Fagersta Stainless
Global Stainless Steel Wire Rods market, by region:
North America (U.S., Canada, Mexico)
Europe (Germany, France, UK, Italy, etc.)
Asia Pacific (China, Japan, South Korea, Southeast Asia, India, etc.)
South America (Brazil, etc.)
Middle East and Africa (Turkey, GCC Countries, Africa, etc.)
Global Stainless Steel Wire Rods market, Segment by Type:
6mm
8mm
10mm
12mm
Others
Global Stainless Steel Wire Rods market, by Application
Steel Wire
Steel Fasteners
Steel Bright Bars
Other
Core Chapters
Chapter One: Introduces the study scope of this report, executive summary of market segments by Type, market size segments for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Two: Detailed analysis of Stainless Steel Wire Rods manufacturers competitive landscape, price, sales, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.
Chapter Three: Sales, revenue of Stainless Steel Wire Rods in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the future development prospects, and market space in the world.
Chapter Four: Introduces market segments by Application, market size segment for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Five, Six, Seven, Eight and Nine: North America, Europe, Asia Pacific, South America, Middle East & Africa, sales and revenue by country.
Chapter Ten: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter Eleven: Analysis of industrial chain, key raw materials, manufacturing cost, and market dynamics. Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter Twelve: Analysis of sales channel, distributors and customers.
Chapter Thirteen: Research Findings and Conclusion.
Index1 Stainless Steel Wire Rods Market Overview
1.1 Stainless Steel Wire Rods Product Overview
1.2 Stainless Steel Wire Rods Market Segment by Type
1.2.1 6mm
1.2.2 8mm
1.2.3 10mm
1.2.4 12mm
1.2.5 Others
1.3 Global Stainless Steel Wire Rods Market Size by Type
1.3.1 Global Stainless Steel Wire Rods Market Size Overview by Type (2018-2029)
1.3.2 Global Stainless Steel Wire Rods Historic Market Size Review by Type (2018-2023)
1.3.3 Global Stainless Steel Wire Rods Forecasted Market Size by Type (2024-2029)
1.4 Key Regions Market Size Segment by Type
1.4.1 North America Stainless Steel Wire Rods Sales Breakdown by Type (2018-2023)
1.4.2 Europe Stainless Steel Wire Rods Sales Breakdown by Type (2018-2023)
1.4.3 Asia-Pacific Stainless Steel Wire Rods Sales Breakdown by Type (2018-2023)
1.4.4 Latin America Stainless Steel Wire Rods Sales Breakdown by Type (2018-2023)
1.4.5 Middle East and Africa Stainless Steel Wire Rods Sales Breakdown by Type (2018-2023)
2 Global Stainless Steel Wire Rods Market Competition by Company
2.1 Global Top Players by Stainless Steel Wire Rods Sales (2018-2023)
2.2 Global Top Players by Stainless Steel Wire Rods Revenue (2018-2023)
2.3 Global Top Players by Stainless Steel Wire Rods Price (2018-2023)
2.4 Global Top Manufacturers Stainless Steel Wire Rods Manufacturing Base Distribution, Sales Area, Product Type
2.5 Stainless Steel Wire Rods Market Competitive Situation and Trends
2.5.1 Stainless Steel Wire Rods Market Concentration Rate (2018-2023)
2.5.2 Global 5 and 10 Largest Manufacturers by Stainless Steel Wire Rods Sales and Revenue in 2022
2.6 Global Top Manufacturers by Company Type (Tier 1, Tier 2 and Tier 3) & (based on the Revenue in Stainless Steel Wire Rods as of 2022)
2.7 Date of Key Manufacturers Enter into Stainless Steel Wire Rods Market
2.8 Key Manufacturers Stainless Steel Wire Rods Product Offered
2.9 Mergers & Acquisitions, Expansion
3 Stainless Steel Wire Rods Status and Outlook by Region
3.1 Global Stainless Steel Wire Rods Market Size and CAGR by Region: 2018 VS 2022 VS 2029
3.2 Global Stainless Steel Wire Rods Historic Market Size by Region
3.2.1 Global Stainless Steel Wire Rods Sales in Volume by Region (2018-2023)
3.2.2 Global Stainless Steel Wire Rods Sales in Value by Region (2018-2023)
3.2.3 Global Stainless Steel Wire Rods Sales (Volume & Value) Price and Gross Margin (2018-2023)
3.3 Global Stainless Steel Wire Rods Forecasted Market Size by Region
3.3.1 Global Stainless Steel Wire Rods Sales in Volume by Region (2024-2029)
3.3.2 Global Stainless Steel Wire Rods Sales in Value by Region (2024-2029)
3.3.3 Global Stainless Steel Wire Rods Sales (Volume & Value), Price and Gross Margin (2024-2029)
4 Global Stainless Steel Wire Rods by Application
4.1 Stainless Steel Wire Rods Market Segment by Application
4.1.1 Steel Wire
4.1.2 Steel Fasteners
4.1.3 Steel Bright Bars
4.1.4 Other
4.2 Global Stainless Steel Wire Rods Market Size by Application
4.2.1 Global Stainless Steel Wire Rods Market Size Overview by Application (2018-2029)
4.2.2 Global Stainless Steel Wire Rods Historic Market Size Review by Application (2018-2023)
4.2.3 Global Stainless Steel Wire Rods Forecasted Market Size by Application (2024-2029)
4.3 Key Regions Market Size Segment by Application
4.3.1 North America Stainless Steel Wire Rods Sales Breakdown by Application (2018-2023)
4.3.2 Europe Stainless Steel Wire Rods Sales Breakdown by Application (2018-2023)
4.3.3 Asia-Pacific Stainless Steel Wire Rods Sales Breakdown by Application (2018-2023)
4.3.4 Latin America Stainless Steel Wire Rods Sales Breakdown by Application (2018-2023)
4.3.5 Middle East and Africa Stainless Steel Wire Rods Sales Breakdown by Application (2018-2023)
5 North America Stainless Steel Wire Rods by Country
5.1 North America Stainless Steel Wire Rods Historic Market Size by Country
5.1.1 North America Stainless Steel Wire Rods Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
5.1.2 North America Stainless Steel Wire Rods Sales in Volume by Country (2018-2023)
5.1.3 North America Stainless Steel Wire Rods Sales in Value by Country (2018-2023)
5.2 North America Stainless Steel Wire Rods Forecasted Market Size by Country
5.2.1 North America Stainless Steel Wire Rods Sales in Volume by Country (2024-2029)
5.2.2 North America Stainless Steel Wire Rods Sales in Value by Country (2024-2029)
6 Europe Stainless Steel Wire Rods by Country
6.1 Europe Stainless Steel Wire Rods Historic Market Size by Country
6.1.1 Europe Stainless Steel Wire Rods Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
6.1.2 Europe Stainless Steel Wire Rods Sales in Volume by Country (2018-2023)
6.1.3 Europe Stainless Steel Wire Rods Sales in Value by Country (2018-2023)
6.2 Europe Stainless Steel Wire Rods Forecasted Market Size by Country
6.2.1 Europe Stainless Steel Wire Rods Sales in Volume by Country (2024-2029)
6.2.2 Europe Stainless Steel Wire Rods Sales in Value by Country (2024-2029)
7 Asia-Pacific Stainless Steel Wire Rods by Region
7.1 Asia-Pacific Stainless Steel Wire Rods Historic Market Size by Region
7.1.1 Asia-Pacific Stainless Steel Wire Rods Market Size Growth Rate (CAGR) by Region: 2018 VS 2022 VS 2029
7.1.2 Asia-Pacific Stainless Steel Wire Rods Sales in Volume by Region (2018-2023)
7.1.3 Asia-Pacific Stainless Steel Wire Rods Sales in Value by Region (2018-2023)
7.2 Asia-Pacific Stainless Steel Wire Rods Forecasted Market Size by Region
7.2.1 Asia-Pacific Stainless Steel Wire Rods Sales in Volume by Region (2024-2029)
7.2.2 Asia-Pacific Stainless Steel Wire Rods Sales in Value by Region (2024-2029)
8 Latin America Stainless Steel Wire Rods by Country
8.1 Latin America Stainless Steel Wire Rods Historic Market Size by Country
8.1.1 Latin America Stainless Steel Wire Rods Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
8.1.2 Latin America Stainless Steel Wire Rods Sales in Volume by Country (2018-2023)
8.1.3 Latin America Stainless Steel Wire Rods Sales in Value by Country (2018-2023)
8.2 Latin America Stainless Steel Wire Rods Forecasted Market Size by Country
8.2.1 Latin America Stainless Steel Wire Rods Sales in Volume by Country (2024-2029)
8.2.2 Latin America Stainless Steel Wire Rods Sales in Value by Country (2024-2029)
9 Middle East and Africa Stainless Steel Wire Rods by Country
9.1 Middle East and Africa Stainless Steel Wire Rods Historic Market Size by Country
9.1.1 Middle East and Africa Stainless Steel Wire Rods Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
9.1.2 Middle East and Africa Stainless Steel Wire Rods Sales in Volume by Country (2018-2023)
9.1.3 Middle East and Africa Stainless Steel Wire Rods Sales in Value by Country (2018-2023)
9.2 Middle East and Africa Stainless Steel Wire Rods Forecasted Market Size by Country
9.2.1 Middle East and Africa Stainless Steel Wire Rods Sales in Volume by Country (2024-2029)
9.2.2 Middle East and Africa Stainless Steel Wire Rods Sales in Value by Country (2024-2029)
10 Company Profiles
10.1 Arcelormittal
10.1.1 Arcelormittal Company Information
10.1.2 Arcelormittal Introduction and Business Overview
10.1.3 Arcelormittal Stainless Steel Wire Rods Sales, Revenue and Gross Margin (2018-2023)
10.1.4 Arcelormittal Stainless Steel Wire Rods Products Offered
10.1.5 Arcelormittal Recent Development
10.2 Evraz
10.2.1 Evraz Company Information
10.2.2 Evraz Introduction and Business Overview
10.2.3 Evraz Stainless Steel Wire Rods Sales, Revenue and Gross Margin (2018-2023)
10.2.4 Evraz Stainless Steel Wire Rods Products Offered
10.2.5 Evraz Recent Development
10.3 Gerdau
10.3.1 Gerdau Company Information
10.3.2 Gerdau Introduction and Business Overview
10.3.3 Gerdau Stainless Steel Wire Rods Sales, Revenue and Gross Margin (2018-2023)
10.3.4 Gerdau Stainless Steel Wire Rods Products Offered
10.3.5 Gerdau Recent Development
10.4 Shagang Group
10.4.1 Shagang Group Company Information
10.4.2 Shagang Group Introduction and Business Overview
10.4.3 Shagang Group Stainless Steel Wire Rods Sales, Revenue and Gross Margin (2018-2023)
10.4.4 Shagang Group Stainless Steel Wire Rods Products Offered
10.4.5 Shagang Group Recent Development
10.5 NSSMC
10.5.1 NSSMC Company Information
10.5.2 NSSMC Introduction and Business Overview
10.5.3 NSSMC Stainless Steel Wire Rods Sales, Revenue and Gross Margin (2018-2023)
10.5.4 NSSMC Stainless Steel Wire Rods Products Offered
10.5.5 NSSMC Recent Development
10.6 Hebei Sakaguchi Stainless Steel
10.6.1 Hebei Sakaguchi Stainless Steel Company Information
10.6.2 Hebei Sakaguchi Stainless Steel Introduction and Business Overview
10.6.3 Hebei Sakaguchi Stainless Steel Stainless Steel Wire Rods Sales, Revenue and Gross Margin (2018-2023)
10.6.4 Hebei Sakaguchi Stainless Steel Stainless Steel Wire Rods Products Offered
10.6.5 Hebei Sakaguchi Stainless Steel Recent Development
10.7 Ivaco Rolling Mills (HEICO)
10.7.1 Ivaco Rolling Mills (HEICO) Company Information
10.7.2 Ivaco Rolling Mills (HEICO) Introduction and Business Overview
10.7.3 Ivaco Rolling Mills (HEICO) Stainless Steel Wire Rods Sales, Revenue and Gross Margin (2018-2023)
10.7.4 Ivaco Rolling Mills (HEICO) Stainless Steel Wire Rods Products Offered
10.7.5 Ivaco Rolling Mills (HEICO) Recent Development
10.8 Central Wire
10.8.1 Central Wire Company Information
10.8.2 Central Wire Introduction and Business Overview
10.8.3 Central Wire Stainless Steel Wire Rods Sales, Revenue and Gross Margin (2018-2023)
10.8.4 Central Wire Stainless Steel Wire Rods Products Offered
10.8.5 Central Wire Recent Development
10.9 Emirates Steel
10.9.1 Emirates Steel Company Information
10.9.2 Emirates Steel Introduction and Business Overview
10.9.3 Emirates Steel Stainless Steel Wire Rods Sales, Revenue and Gross Margin (2018-2023)
10.9.4 Emirates Steel Stainless Steel Wire Rods Products Offered
10.9.5 Emirates Steel Recent Development
10.10 Fagersta Stainless
10.10.1 Fagersta Stainless Company Information
10.10.2 Fagersta Stainless Introduction and Business Overview
10.10.3 Fagersta Stainless Stainless Steel Wire Rods Sales, Revenue and Gross Margin (2018-2023)
10.10.4 Fagersta Stainless Stainless Steel Wire Rods Products Offered
10.10.5 Fagersta Stainless Recent Development
11 Upstream, Opportunities, Challenges, Risks and Influences Factors Analysis
11.1 Stainless Steel Wire Rods Key Raw Materials
11.1.1 Key Raw Materials
11.1.2 Key Raw Materials Price
11.1.3 Raw Materials Key Suppliers
11.2 Manufacturing Cost Structure
11.2.1 Raw Materials
11.2.2 Labor Cost
11.2.3 Manufacturing Expenses
11.3 Stainless Steel Wire Rods Industrial Chain Analysis
11.4 Stainless Steel Wire Rods Market Dynamics
11.4.1 Stainless Steel Wire Rods Industry Trends
11.4.2 Stainless Steel Wire Rods Market Drivers
11.4.3 Stainless Steel Wire Rods Market Challenges
11.4.4 Stainless Steel Wire Rods Market Restraints
12 Market Strategy Analysis, Distributors
12.1 Sales Channel
12.2 Stainless Steel Wire Rods Distributors
12.3 Stainless Steel Wire Rods Downstream Customers
13 Research Findings and Conclusion
14 Appendix
14.1 Research Methodology
14.1.1 Methodology/Research Approach
14.1.2 Data Source
14.2 Author Details
14.3 Disclaimer
Published By : QY Research
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