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The global steel wires market size isprojected to reach USD 112.14 billion by 2026, on account of rising in the expenditure by the government to develop the existing infrastructures. Steel wires offer high resistance to shock and deformation, are lightweight, and have high strength. Fortune Business Insights™ provides a detailed analysis of the market in their recently published report titled, “Steel Wires Market Size, Share & Industry Analysis, By Grade (Carbon Steel, Stainless Steel, and Alloy Steel), By End-Use Industry (Automotive, Construction, Energy, Agriculture, and Others), and Regional Forecast, 2019-2026.” As per this report, the market value stood at USD 91.33 billion in 2018 and will exhibit a CAGR of 2.7% during the forecast period set between 2019 and 2026.
Information source:
https://www.fortunebusinessinsights.com/steel-wire-market-102581
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Published on October 18, 2022
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