Galvanized Iron Wire is a low-carbon steel wire with a carbon content of 0.05-0.25%. It has low strength (that is, relatively soft). It is commonly known as iron wire. It can be used for redrawing wire, cutting wire, and binding wire.
The Galvanized Iron Wire market is highly fragmented with fierce competition. There are numerous manufacturers engaged in the industry. Bekaert, Tata Wiron, Tianze Metal Products, Nichia Steel, Tecnofil, WDI, Tree Island Steel, Anping Dongming Wiremesh, Hankuk Steel Wire, Sheng Sen Wire Mesh, SAKURATECH, WIRE TECHNO, Galvart Japan Company, NS Hokkai Seisen, Davis Wire, Weibo Industry and Trade, are some of the key suppliers in the Galvanized Iron Wire market. Those companies only account for about 20% market share, while the regmained 80% share is held by numerous small and medium sized companies. The competition is very fierce for the industry.
The galvanized iron wire is classified into the hot galvanized iron wire and cold galvanized iron wire according to the product type. As of 2020, hot galvanized iron wire segment holds the largest market contributing more than 77.8% share, reach to 3.52 million tons. Galvanized iron wire is mainly applied in woven wire mesh, fencing mesh, binding wire, handicrafts and other industry. Among of various application, woven wire mesh segment is the largest one, with about 34.5% market share in 2020.
According to our latest research, the global galvanized iron wire market size is estimated to be USD 3827.65 million in 2021 from USD 3415.26 million in 2020, with a change 12.07%. The actually production is 4.52 million tons in 2020. The global galvanized iron wire market size is expected to grow at 7.60% in the next five years. Geographically, China is the largest production region of galvanized iron wire, with a production market share nearly 54.8%. Asia-Pacific is the largest consumption region, accounting for 61.3% revenue share, followed by Europe and North America, with 20.0% and 12.6% market share respectively.
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