Galvanised Steel Wire Research:CAGR of 6.9% during the forecast period

QY Research Inc. (Global Market Report Research Publisher) announces the release of 2024 latest report "Galvanised Steel Wire- Global Market Share and Ranking, Overall Sales and Demand Forecast 2024-2030". Based on current situation and impact historical analysis (2019-2023) and forecast calculations (2024-2030), this report provides a comprehensive analysis of the global Wire Drawing Dies market, including market size, share, demand, industry development status, and forecasts for the next few years.



Galvanized steel wire is made of carbon steel zinc plated. The zinc coating offers corrosion resistance, allowing vary varied use for weaving of galvanized wire mesh, galvanized hardware cloth, welded iron wire mesh, chicken netting, etc.



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Galvanized steel wire is made by drawing high-quality carbon structural steel such as 45#, 65#, 70#, 80#, 90#, and then heat treating and galvanizing. It is mainly used for the manufacture of galvanized steel wire mesh, construction engineering, springs, and various steel wire ropes. According to different uses and processing methods, galvanized steel wire can be divided into hot-dip, electroplating, mechanical plating, cold plating and other types. At present, there are two methods for galvanizing steel wire: multi-line continuous hot-dip and electroplating. Electrogalvanizing is obtained by applying an external power source and using electrodeposition to obtain a coating. The obtained coating is composed of fine pure zinc grains. Hot-dip galvanizing relies on physical thermal diffusion to form a coating. First, an iron-zinc compound is formed, and then a pure zinc layer is generated on the surface of the iron-zinc compound. Hot-dip galvanizing will reduce the mechanical properties of the steel wire. Galvanized steel wire ropes that require high strength and high corrosion resistance are mostly twisted with electrogalvanized steel wire. The mainstream products on the market include galvanized steel wire heat-treated state, galvanized steel wire drawn state, micro rope, etc.





According to the new market research report "Global Galvanised Steel Wire Market Report 2024-2030", published by QYResearch, the global Galvanised Steel Wire market size is projected to reach USD 2.74 billion by 2030, at a CAGR of 6.9% during the forecast period.

Global Galvanised Steel Wire MarketCapacity, Production, Capacity Utilization Rate, 2019-2030
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Above data is based on report from QYResearch: Global Galvanised Steel Wire Market Report 2024-2030 (published in 2024). If you need the latest data, plaese contact QYResearch.

In 2023, the global galvanized steel wire production capacity will reach 2.7 million tons, and the production utilization rate will be 81.45%.



From the perspective of the industrial chain, the upstream of the galvanized steel wire industry chain is the raw materials and processing equipment for galvanized steel wire production. The raw materials mainly include steel and zinc;

The downstream of the industrial chain, galvanized steel wire can be used in advanced construction, vehicle and ship bundling, traction, bundling and other fields, as well as shipping, offshore oil exploration, aircraft control, marine fishing, and other fisheries.

Specifically from the perspective of downstream application fields, the application scope of galvanized steel wire continues to expand, gradually extending from traditional application fields such as electricity and communications to fences and other fields. According to statistics, the proportion of galvanized steel wire application demand in the power and communication fields in 2023 will drop from 82.68% in 2019 to 79.77%, and the proportion of demand in fences and other fields will reach 20.23%. It is expected that the market application demand for galvanized steel wire will be further expanded in the future.

In terms of technology, electrogalvanized steel wire is one of the mainstream products on the market. It obtains the coating by electroplating through an external power supply. The obtained coating is composed of fine pure zinc grains. Hot-dip galvanizing relies on physical thermal diffusion to form a coating. First, an iron-zinc compound is formed, and then a pure zinc layer is generated on the surface of the iron-zinc compound. These two methods have their own advantages and meet the needs of different fields.

In terms of the market, the galvanized steel wire industry faces some challenges. In March 2024, the shipments of 154 galvanized enterprises across the country suffered a decline of 7.89%, among which the decline in Central China was particularly significant, reaching 10.94%. This data reflects the sluggish development of the galvanized industry under the current market environment and provides an important market reference for investors.

However, the development prospects of the galvanized steel wire industry remain optimistic. As the global and Chinese electro-galvanized steel wire industry research shows, the electro-galvanized steel wire market is expected to grow at a certain compound annual growth rate from 2023 to 2030. This shows that although the current market is facing some fluctuations, the galvanized steel wire industry still has great development potential in the long run.

In summary, while facing challenges, the galvanized steel wire market also shows a positive development trend and broad market prospects. With the advancement of technology and the expansion of application areas, galvanized steel wire is expected to continue to grow in the future.



Global Galvanised Steel Wire Top 11 Players Ranking and Market Share (Ranking is based on the revenue of 2023, continually updated)

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Above data is based on report from QYResearch: Global Galvanised Steel Wire Market Report 2024-2030 (published in 2024). If you need the latest data, plaese contact QYResearch.

According to QYResearch Top Players Research Center, the global key manufacturers of Galvanised Steel Wire include Bekaert SA, ArcelorMittal, Heico Companies, Henan Hengxing Science & Technology Co., Ltd, Qian'an Xinghua Metal Products Co., Ltd, etc. In 2023, the global top five players had a share approximately 35.0% in terms of revenue.







The report provides a detailed analysis of the market size, growth potential, and key trends for each segment. Through detailed analysis, industry players can identify profit opportunities, develop strategies for specific customer segments, and allocate resources effectively.



The Galvanised Steel Wire market is segmented as below:

By Company

Link Middle East
Jinzhou Guangya Metal Products
Lewis Wire
Amic
Mdp Sas
Huarun Hardware Mesh Products
Bedmutha Industries
Hamburger Drahtseilerei A. Steppuhn Gmbh
J. S. Feindrahtzug Gmbh
Deutenberg Drahttechnik Gmbh
Sfam
Lerat Sprl
Hampton Steel
Habrial Amenagement Vehicules Utilitaires
Maes Metal
Coastal Wire
Samco Sales
Griplock Systems
Loos＆Co
Lexco Cable Manufacturers
American Wire Group
Alabama Wire
California Metal & Supply
Direct Metals
Gibbs Wire & Steel
American Casting & Manufacturing Corp
Airmatic



Segment by Type

1,230N/㎟
880N/㎟
690N/㎟



Segment by Application

Ship
Car
Bridge
Other



Each chapter of the report provides detailed information for readers to further understand the Galvanised Steel Wire market:

Chapter 1: Introduces the report scope of the Galvanised Steel Wire report, global total market size (valve, volume and price). This chapter also provides 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. (2019-2030)

Chapter 2: Detailed analysis of Galvanised Steel Wire manufacturers competitive landscape, price, sales and revenue market share, latest development plan, merger, and acquisition information, etc. (2019-2024)

Chapter 3: Provides the analysis of various Galvanised Steel Wire market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments. (2019-2030)

Chapter 4: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.(2019-2030)

Chapter 5: Sales, revenue of Galvanised Steel Wire in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the market development, future development prospects, market space, and market size of each country in the world..(2019-2030)

Chapter 6: Sales, revenue of Galvanised Steel Wire in country level. It provides sigmate data by Type, and by Application for each country/region.(2019-2030)

Chapter 7: 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. (2019-2024)

Chapter 8: Analysis of industrial chain, including the upstream and downstream of the industry.

Chapter 9: Conclusion.



Benefits of purchasing QYResearch report:

Competitive Analysis: QYResearch provides in-depth Galvanised Steel Wire competitive analysis, including information on key company profiles, new entrants, acquisitions, mergers, large market shear, opportunities, and challenges. These analyses provide clients with a comprehensive understanding of market conditions and competitive dynamics, enabling them to develop effective market strategies and maintain their competitive edge.

Industry Analysis: QYResearch provides Galvanised Steel Wire comprehensive industry data and trend analysis, including raw material analysis, market application analysis, product type analysis, market demand analysis, market supply analysis, downstream market analysis, and supply chain analysis.

and trend analysis. These analyses help clients understand the direction of industry development and make informed business decisions.

Market Size: QYResearch provides Galvanised Steel Wire market size analysis, including capacity, production, sales, production value, price, cost, and profit analysis. This data helps clients understand market size and development potential, and is an important reference for business development.



Other relevant reports of QYResearch:

Global Galvanised Steel Wire Market Research Report 2024
Galvanised Steel Wire - Global Market Insights and Sales Trends 2024
Global Galvanised Steel Wire Market Research Report 2023
Global Galvanised Steel Wire Market Insights, Forecast to 2029
Global Galvanised Steel Wire Market Report, History and Forecast 2018-2029, Breakdown Data by Manufacturers, Key Regions, Types and Application
Global Galvanised Steel Wire Industry Research Report, Growth Trends and Competitive Analysis 2023-2029
Global and United States Galvanised Steel Wire Market Report & Forecast 2022-2028
United States Galvanised Steel Wire Market Report & Forecast 2021-2027

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