Product Code: ETC028500 | Publication Date: Aug 2023 | Updated Date: Feb 2025 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 | |
The United Arab Emirates (UAE) steel wires market has experienced steady growth in recent years, fueled by the country`s infrastructural development, construction activities, and industrial expansion. Steel wires are widely used in various sectors, including construction, manufacturing, automotive, and agriculture, for applications such as reinforcement, fencing, binding, and suspension. The market offers a diverse range of steel wires, catering to the growing demand for high-quality and durable materials in the UAE.
One of the primary drivers of the UAE steel wires market is the country`s ambitious infrastructural projects. As the UAE invests in the development of commercial and residential properties, roads, bridges, and transportation systems, there is a significant demand for steel wires for reinforcement and concrete applications. Moreover, the growth of the manufacturing and automotive sectors has contributed to the market`s expansion. Steel wires are essential components in the manufacturing of various products, including machinery, vehicles, and appliances, driving the demand for steel wires from these industries.
Despite the positive growth prospects, the UAE steel wires market faces certain challenges. One significant challenge is the price volatility of steel raw materials. The steel industry is subject to fluctuations in global prices of raw materials, which can impact the cost of steel wires and affect profit margins for manufacturers. Another challenge is the competition from alternative materials. While steel wires offer strength and durability, other materials like synthetic fibers and composites are emerging as potential alternatives in some applications, posing a challenge to the traditional steel wire market.
The outbreak of the Covid-19 pandemic in 2025 had an impact on the UAE steel wires market. With temporary disruptions in construction and industrial activities during lockdowns and restrictions, the demand for steel wires may have experienced a temporary decline. However, as the UAE gradually resumed economic activities and implemented safety measures, the construction and manufacturing sectors started to recover, leading to a rebound in the demand for steel wires.
The UAE steel wires market is characterized by the presence of both international and local players. Key international players dominating the market include Emirates Steel Industries (ESI) and BRC Arabia LLC. These companies are known for their wide range of steel wire products and their contribution to the UAE steel industry.
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 United Arab Emirates (UAE) Steel Wires Market Overview |
3.1 United Arab Emirates (UAE) Country Macro Economic Indicators |
3.2 United Arab Emirates (UAE) Steel Wires Market Revenues & Volume, 2021 & 2031F |
3.3 United Arab Emirates (UAE) Steel Wires Market - Industry Life Cycle |
3.4 United Arab Emirates (UAE) Steel Wires Market - Porter's Five Forces |
3.5 United Arab Emirates (UAE) Steel Wires Market Revenues & Volume Share, By Grade, 2021 & 2031F |
3.6 United Arab Emirates (UAE) Steel Wires Market Revenues & Volume Share, By End-Use Industry, 2021 & 2031F |
4 United Arab Emirates (UAE) Steel Wires Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 United Arab Emirates (UAE) Steel Wires Market Trends |
6 United Arab Emirates (UAE) Steel Wires Market, By Types |
6.1 United Arab Emirates (UAE) Steel Wires Market, By Grade |
6.1.1 Overview and Analysis |
6.1.2 United Arab Emirates (UAE) Steel Wires Market Revenues & Volume, By Grade, 2021-2031F |
6.1.3 United Arab Emirates (UAE) Steel Wires Market Revenues & Volume, By Carbon Steel, 2021-2031F |
6.1.4 United Arab Emirates (UAE) Steel Wires Market Revenues & Volume, By Stainless Steel, 2021-2031F |
6.1.5 United Arab Emirates (UAE) Steel Wires Market Revenues & Volume, By Alloy Steel, 2021-2031F |
6.2 United Arab Emirates (UAE) Steel Wires Market, By End-Use Industry |
6.2.1 Overview and Analysis |
6.2.2 United Arab Emirates (UAE) Steel Wires Market Revenues & Volume, By Automotive, 2021-2031F |
6.2.3 United Arab Emirates (UAE) Steel Wires Market Revenues & Volume, By Construction, 2021-2031F |
6.2.4 United Arab Emirates (UAE) Steel Wires Market Revenues & Volume, By Energy, 2021-2031F |
6.2.5 United Arab Emirates (UAE) Steel Wires Market Revenues & Volume, By Agriculture, 2021-2031F |
6.2.6 United Arab Emirates (UAE) Steel Wires Market Revenues & Volume, By Others, 2021-2031F |
7 United Arab Emirates (UAE) Steel Wires Market Import-Export Trade Statistics |
7.1 United Arab Emirates (UAE) Steel Wires Market Export to Major Countries |
7.2 United Arab Emirates (UAE) Steel Wires Market Imports from Major Countries |
8 United Arab Emirates (UAE) Steel Wires Market Key Performance Indicators |
9 United Arab Emirates (UAE) Steel Wires Market - Opportunity Assessment |
9.1 United Arab Emirates (UAE) Steel Wires Market Opportunity Assessment, By Grade, 2021 & 2031F |
9.2 United Arab Emirates (UAE) Steel Wires Market Opportunity Assessment, By End-Use Industry, 2021 & 2031F |
10 United Arab Emirates (UAE) Steel Wires Market - Competitive Landscape |
10.1 United Arab Emirates (UAE) Steel Wires Market Revenue Share, By Companies, 2024 |
10.2 United Arab Emirates (UAE) Steel Wires Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |