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

Middle East Steel Market is anticipated to register sound revenues in the next few years on the back of the rising infrastructure development of the commercial sector in the developed and developing nation across the region. Moreover, the growing disposable income of the population is likely to replace the existing appliances with the smart kitchen appliances in the house which are further resulting in the impressive growth of the Middle East steel market in the upcoming six years. 

Middle East 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 Middle-East region. However, due to the covid pandemic, the steel wires market has taken a huge hit in the Middle East due to restrictions in transport facilities and a ban on travel as well as quarantine measures taken by the government. Though, it has been recovering quite quickly as of the present.

According to 6Wresearch, The Middle East Steel Wires Market size has substantial growth prospects during 2020-26. The Middle East is fast becoming a key global consumer of steel wire products thereby bringing key business opportunities. Growth in construction projects in the hospitality, residential, and commercial verticals across some of the major countries such as Saudi Arabia, UAE, Israel and Iran would further increase the revenue of the steel wires market in the region. Further, strong oil revenues, a 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.

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

In terms of grade, Carbon Steel, Stainless Steel, and Alloy Steel are dominating the overall Middle East Steel wires market primarily due to increasing demand across the 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 Middle East Steel wires market report thoroughly covers the market by grade, End-use industry, and countries including Kuwait, UAE, Saudi Arabia, Qatar, Bahrain, Oman, Turkey, and the rest of the Middle East. The Middle East Steel wires market outlook report provides an unbiased and detailed analysis of the ongoing Middle East 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 of The Reports

• Middle East Steel Wires Market Outlook
• Middle East Steel Wires Market Overview
• Middle East Steel Wires Market Forecast
• Historical Data for the period 2016-2019 and Market Forecast of Middle East 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 UAE Steel Wires Market
• Historical Data for the period 2016-2019 and Market Forecast until 2026 for Saudi Arabia Steel Wires Market
• Historical Data for the period 2016-2019 and Market Forecast until 2026 for Qatar Steel Wires Market
• Historical Data for the period 2016-2019 and Market Forecast until 2026 for Bahrain Steel Wires Market
• Historical Data for the period 2016-2019 and Market Forecast until 2026 for Rest of Middle East Steel Wires Market
• Market Drivers and Restraints
• Middle East Steel Wires Market Trends
• Industry Life Cycle
• Porter’s Five Force Analysis
• Market Opportunity Assessment
• Middle East 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:
• UAE
• Saudi Arabia
• Qatar
• Bahrain
• Rest of Middle East

Frequently Asked Questions About the Market Study (FAQs):