The prestressed concrete strand is composed of multiple steel wires that undergo precise processing and heat treatment and has advantages such as high strength, high toughness, and high corrosion resistance. PC strand is a third-generation high-end building material widely used in important buildings such as large-span bridges, high-rise buildings, dams, and cement protective layers for nuclear power plants.

In prestressed concrete structures, strands are used to provide pre-stress to improve the mechanical properties of concrete and prevent the generation of cracks. By applying pre-stress, strands can effectively improve the tensile and compressive strength of concrete, while also improving the durability and stability of the structure.

According to our research data, the market size of PC strands in the Middle East and North Africa region is expected to reach $411 million in 2023. In the future, with the continuous development of infrastructure construction and the real estate market, the demand for PC strands will continue to increase. It is expected that the market size of PC strands in MENA will increase to $446 million by 2025. From the perspective of segmented product types, bare PC strands dominate the market, with a sales share of 70.74% in 2023. From the perspective of downstream application fields, the transportation industry is the largest downstream application market, with a market sales proportion of 49.71%.

Source: www.globalmarketmonitor.com

From the perspective of market competition pattern, the concentration of the PC strand market in the Middle East and North Africa region is average. Data shows that the sales volume of PC strands by the top three enterprises in the industry reached 133101 tons in 2020, with a total market revenue of $107 million, accounting for 29.40%; The total revenue of the top six Enterprises was $160 million, with a total market share of 43.96%. The top three companies in the rankings were ASLAK, Scaw Metals Group, and AI Rashed Steel. In 2020, the three companies accounted for 15.38%, 7.97%, and 6.04% of the PC strand market revenue in the Middle East and North Africa, respectively.