Steel Wire & Steel Wire Mesh Market size was valued at USD 25.43 Billion in 2024 and is projected to reach USD 38.12 Billion by 2033, exhibiting a CAGR of 5.1% from 2026 to 2033.
The global steel wire and steel wire mesh market was valued at approximately USD 25.3 billion in 2022 and is projected to grow at a compound annual growth rate (CAGR) of 6.2% from 2023 to 2030. The increasing demand for steel wire and mesh products in construction, automotive, and agriculture industries is driving market growth. The steel wire market is estimated to reach USD 38.5 billion by 2030, with the steel wire mesh segment contributing a significant share due to its extensive use in building and infrastructure projects, such as reinforced concrete structures, fencing, and industrial applications. The expansion of urbanization and industrialization in emerging economies further contributes to the growing demand for steel wire and mesh products across various sectors, enhancing market dynamics.
Regionally, Asia Pacific dominated the steel wire and steel wire mesh market, accounting for over 40% of the global share in 2022. The regions robust construction activities, particularly in China and India, combined with rapid infrastructure development, fuel the demand for these products. North America and Europe also hold substantial market shares, driven by their well established industrial sectors, and the growing adoption of steel wire mesh for reinforcement in construction. The Middle East and Africa are anticipated to witness significant growth in the coming years, as infrastructure development projects accelerate. The Latin American market is also expected to grow steadily, with increased demand in the automotive and agriculture sectors. The CAGR of the steel wire and steel wire mesh market in these regions is expected to remain strong, with a focus on meeting the evolving needs of key industries.
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Siam Industrial
South Steel
BRC Asia Pte Ltd
Engtex Group Berhad
Thai Wire Products Company
Sumitomo
Kamen Steel
Rayong Wire Industries Public Company Limited
Yung Kong
Hoa Phat Group
Wei Dat Steel Wire
Henan Hengxing
Kuantan Wire
Samchai Steel Industries Co.
Ltd
Yetta Steel
SMI Wire Sdn. Bhd
Metex Steel
Silvery Dragon
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By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global Steel Wire & Steel Wire Mesh Market
Steel Wire
Steel Wire Mesh
Construction
Automotive
Industrial
Agriculture
Others
Thin Wire
Medium Wire
Thick Wire
Galvanized Coated
Polymer Coated
Others
Building & Construction
Automotive & Transportation
Mining & Manufacturing
Agriculture
Other Industrial Applications
US (United States, US and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global Steel Wire & Steel Wire Mesh Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Steel Wire & Steel Wire Mesh Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Steel Wire & Steel Wire Mesh Market, By Type
6. Global Steel Wire & Steel Wire Mesh Market, By Application
7. Global Steel Wire & Steel Wire Mesh Market, By Geography
US
Europe
Asia Pacific
Rest of the World
8. Global Steel Wire & Steel Wire Mesh Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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