Africa Steel Wires Market (2020-2026) | Value, Size, Trends, Outlook, Revenue, Industry, Growth, Companies, Forecast, Share, Analysis & COVID-19 IMPACT

Africa Steel wires market is driven by expanding construction market, rising government infrastructure on the building of roads, bridges, for railway networks. Moreover, based on application, the market is further segmented into oil & gas, mining, structures, industrial & crane, fishing & marine, elevator and traction mast. Based on material type, the market is segmented into galvanized wire rope, stainless steel wire rope, and others in the Africa region. However, due to the COVID pandemic, the steel wires market has taken a huge hit in Africa due to restriction in transport facilities and ban on travel as well as quarantine measures taken by the government. Though, it has been recovering quite quickly as of present.

According to 6Wresearch, The Africa Steel Wires Market size has substantial growth prospects during 2020-26. Africa is fast becoming a key global purchaser of steel wire products thereby fetching key business prospects. Growth in construction projects in the hospitality, residential and commercial verticals across some of the major countries such as Egypt, Nigeria, Mozambique and Kenya would further increase the revenue of steel wires market. Furthermore, the strong oil revenues, growing manufacturing and consumer base, as well as strong economic performance indicators, are combining to push steel wire consumption sharply higher to spur more demand for the market in the region over the coming years. Moreover, North Africa is currently the world’s number two after East Asia when it comes to economic growth, in generating steel demand.

Some of the major key players of steel wires market in Africa are Emirates steel, Areclor Mittal, Akzo Nobel, BASF SE, Clariant etc.

In terms of grade, Carbon Steel, Stainless Steel and Alloy Steel are dominating the overall Africa Steel wires market primarily due to increasing demand across commercial market, to pave roads and highways with steel wire mesh. Additionally, demand growth for steel within the region over the past years has been unprecedented. An important proportion of this growth has been delivered by steel mills outside of the region and continues to be so, but there are also a large number of companies that are either looking to invest or have invested in new steel production or finishing capacity in the region. All these factors will drive major growth for the steel wires market in the coming years.

The Africa Steel wires market report thoroughly covers the market by grade, End-use industry, and countries including South Africa, Kenya, Nigeria, and the rest of Africa. The Africa Steel wires market outlook report provides an unbiased and detailed analysis of the on-going Africa Steel wires market trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.

Key Highlights

• Africa Steel Wires Market Outlook
• Africa Steel Wires Market Overview
• Africa Steel Wires Market Forecast
• Historical Data for the period 2016-2019 and Market Forecast of Africa Steel Wires Market Revenues until 2026
• Historical Data for the period 2016-2019 and Market Forecast of the market until 2026, By Grade
• Historical Data for the period 2016-2019 and Market Forecast of the market until 2026, By End Use Industry
• Historical Data for the period 2016-2019 and Market Forecast of the market until 2026, By Countries
• Historical Data for the period 2016-2019 and Market Forecast until 2026 for South Africa Steel Wires Market
• Historical Data for the period 2016-2019 and Market Forecast until 2026 for Kenya Steel Wires Market
• Historical Data for the period 2016-2019 and Market Forecast until 2026 for Nigeria Steel Wires Market
• Historical Data for the period 2016-2019 and Market Forecast until 2026 for Ghana Steel Wires Market
• Historical Data for the period 2016-2019 and Market Forecast until 2026 for Rest of Africa Steel Wires Market
• Market Drivers and Restraints
• Africa Steel Wires Market Trends
• Industry Life Cycle
• Porter’s Five Force Analysis
• Market Opportunity Assessment
• Africa Steel Wires Market Share, By Players
• Competitive Benchmarking

Markets Covered

The report provides a detailed analysis of the following market segments:

• By End Use Industry:
• Automotive
• Construction
• Energy
• Agriculture
• Others
• By Grade:
• Carbon Steel
• Stainless Steel
• Alloy Steel
• By Countries:
• South Africa
• Kenya
• Nigeria
• Ghana
• Rest of Africa

Frequently Asked Questions About the Market Study (FAQs):