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Report Overview
The United States prestressed concrete (PC) wire and strand market size reached approximately USD 476.44 Million in 2024. The market is projected to grow at a CAGR of 4.30% between 2025 and 2034, reaching a value of around USD 725.86 Million by 2034.
2024
Base Year
2018-2024
Historical Year
2025-2034
Forecast Year
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According to the American Road & Transportation Builders Association’s 2023 analysis, 36% of all bridges in the United States, accounting for over 222,000 spans, require replacement or major repairs.
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The Federal Highway Administration has allocated USD 61 billion for 12 formula programs to support critical infrastructure, such as roads, bridges, and tunnels For FY 2024.
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Highway and bridge construction is expected to expand 23% to USD 147.1 billion in 2024 following a 14% increase to USD 119.5 billion in 2023.
United States Prestressed Concrete (PC) Wire and Strand Market Trends
PC wires and strands are manufactured from high-strength materials like carbon steel or alloy steel. This gives them exceptional tensile strength, allowing them to withstand significant loads and stresses. The high strength of steel and alloy steel also makes the PC wires and strands ideal for reinforcing concrete structures such as bridges and buildings. This is likely to favour the United States prestressed concrete (PC) wire and strand market development.
US Prestressed Concrete (PC) Wire and Strand Market Report Snapshots
US Prestressed Concrete (PC) Wire and Strand Market Size
US Prestressed Concrete (PC) Wire and Strand Market Trends
US Prestressed Concrete (PC) Wire and Strand Market Share
US Prestressed Concrete (PC) Wire and Strand Companies
US Prestressed Concrete (PC) Wire and Strand Market Analysis
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
In 2024, the United States prestressed concrete (PC) wire and strand market reached an approximate value of USD 476.44 Million.
The market is expected to grow at a CAGR of 4.30% between 2025 and 2034.
The market is estimated to witness healthy growth in the forecast period of 2025-2034 to reach a value of around USD 725.86 million by 2034.
Prestressed concrete (PC) wire is made from steel strongly alloyed with carbon.
Prestressed concrete is a highly versatile construction material and comprises two main constituents, high-strength steel and modern pre-compressed concrete.
The major drivers of the market include an increasing population, a growing construction sector, and an ageing bridge infrastructure.
Key trends aiding market expansion include the rising popularity of prefabricated structures, the need to renovate roads and bridges, and the construction of new establishments.
The major surface coatings in the market are uncoated, galvanised, and epoxy-coated, among others.
The major regions include New England, Mideast, Great Lakes, Plains, Southeast, Southwest, Rocky Mountain, and Far West are the leading regions in the market.
The key players in the market are Insteel Industries Inc., WMC, LLC, Sumitomo Electric Industries, Ltd., JSW Holdings Limited, ArcelorMittal S.A., NV Bekaert SA, and Usha Martin Limited, among others.
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