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Prestressed Concrete Wire and Strand Market Forecasted to Achieve USD 9.9 Billion by 2034, With a Projected 5.4% CAGR | Future Market Insights, Inc. [Yahoo! Finance]

Insteel Industries, Inc. (IIIN) 
US:NASDAQ Investor Relations: investor.insteel.com
Company Research Source: Yahoo! Finance
Government infrastructure spending in the country further contribute to the rising demand for prestressed concrete products. NEWARK, Del, June 24, 2024 (GLOBE NEWSWIRE) -- According to Future Market Insights (FMI), the global prestressed concrete wire and strand market is anticipated to reach USD 5.8 billion in 2024 and USD 9.9 billion by 2034. The market is projected to rise at a CAGR of by 2034. Prefabrication has surged in popularity, boosting global industry growth. The growing use of prestressed concrete in various construction applications, including crane beams, cement poles, multi-factory frameworks, and railway sleepers, is set to fuel sales. An increasing number of real estate projects and large-scale construction activities worldwide are projected to surge demand for prestressed concrete wire and strands. Construction of public infrastructure like flyovers, bridges, hospitals, hotels, and retail malls has facilitated global market development alongside the increasing Show less Read more
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