Welded Wire Mesh Market Share, Size, Expected Growth Opportunities and Forecast by 2029 | Is Welded Wire Mesh Industry Hit Worst due to Russia-Ukraine War Impact?
The global welded wire mesh market size is projected to witness spiraling growth in the forthcoming years. The lightweight product offers numerous benefits like high tensile strength, high quality, high rigidity. It also offers easy installation and cost-effective advantages. These characteristics fuel the product demand across industrial, construction, food, transportation, and agricultural industry. Fortune Business Insights™ has presented this information in an upcoming report titled, “Welded Wire Mesh Market, 2021-2028”.
The market is anticipated to gain steep momentum in the forthcoming years due to several reasons. For instance, rapid urbanization and industrialization are augmenting the growth of the construction industry. The escalating product demand from the construction industry is likely to promote the growth of welded wire mesh market.
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Russia-Ukraine War Implication
The Russia-Ukraine war could change the Welded Wire Mesh Market dynamics of Europe forever. The standoff has revived the predicament situation of the Cold War and pushed Europe to the brink of a major military conflict. The Russian aggression in Ukraine has redefined the global landscape in terms of business. As the global Welded Wire Mesh Market was recuperating from the havoc wreaked by the COVID-19 pandemic, the Russia-Ukraine war has made several industry stakeholders skeptical.
The European Union is pushing for more sanctions against Russia, including halting imports of nuclear fuel from Russia and excluding Russia’s top lenders from the SWIFT banking system. Moreover, Russia has also imposed similar sanctions on most EU countries. The war crisis and sanctions have put a strain on global investment, trade, and economic activity. Therefore, skepticism and uncertainty remain prevalent regarding the conflict, its potential reach, and its longevity. Accordingly, the restoration of normal relations among partners could prove be a sign of improvement.
On the basis of type, the market segments into welded wire fencing panels, electro galvanized welded wire mesh, welded stainless steel mesh, PVC coated welded mesh, hot dipped galvanized welded mesh, etc. On the basis of end-use, the market fragments into mine field, horticultural, construction, industrial, food, agricultural, transportation, etc. Geographically, the market is classified into North America, Asia Pacific, Europe, Latin America, and the Middle East & Africa.
- The report provides a comprehensive evaluation of the market.
- The report presents information on different geographies; North America, Asia Pacific, Europe, Latin America, and the Middle East & Africa.
- The report highlights key developments such as partnerships, acquisitions, mergers, etc.
- The report analyzes the impact of the COVID-19 pandemic.
- The report highlights the latest technological developments and key market trends.
Drivers & Restraints-
Escalating Product Demand from Construction Industry to Fuel Market Growth
Commercial and residential sectors utilize welded wire mesh for several purposes like decorative signage, security enclosures, ceiling panels, railing systems, and infill panels, wall cladding, and as a room divider. These applications fuel the product demand in the construction industry. The increasing renovation and construction activities worldwide are likely to bolster the global welded wire mesh market growth.
Rapid industrialization is also expected to augment market growth. The product helps in providing proper separation between machinery and making small sections of rooms for clients. It is also utilized for racking and storage purposes in supermarkets and warehouses.
Wire fences serve as a cheap security solution and find its application in private residences, low-security prisons, military, etc. These applications are expected to drive market growth in the forthcoming years.
Additionally, the cost-effectivity and easy application of the product is expected to drive the demand across the end-use industries and augment market growth.
However, corrosion during the welding process can act as a restraint to market growth.
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Asia Pacific to Witness Highest Growth Due to Expanding Construction Industry
The increasing population, rapid industrialization, and urbanization rates fuel the product demand in construction activities in countries like India, Japan, China, South Korea, etc. The product experiences a high demand for security enclosure and railing systems & infill panels. This is likely to help Asia Pacific to emerge dominant in the global welded wire mesh market share.
The increasing demand for hot-dipped galvanized welded mesh is likely to help Europe witness remarkable growth in the upcoming years. The market is likely to benefit from the growing food industry as well.
The expanding horticulture industry in North America is likely to propel the demand for PVC coated welded mesh. This is expected to complement the growth of welded wire mesh market.
The increasing demand for stainless steel mesh in the growing non-residential sector is anticipated to help the Middle East & Africa gain considerable growth in the forthcoming years.
Market Competition to Amplify with Entrance of New Players
The key players operating in the market at global and regional levels are devising new strategies to enhance their revenues and market positions. They are focused on launching new products, increasing research and development activities, developing new technologies, etc. They are also emphasizing on inorganic growth strategies such as acquisitions, mergers, partnerships, etc., to solidify their market presence. New entrants in the market are expected to amplify market competition. For instance, Atkore launched Eagle Basket in January 2021. The new American-made wire basket is one of the industry’s strongest welded wire mesh cable management systems.
- March 2020: Premier Handling Solutions launched new collapsible industrial wire baskets to enhance the storage and racking requirements by supermarkets, warehouses, etc.
Key Players in the Global Welded Wire Mesh Market are:
- Jeetmull Jaichandlall Madras Private Limited
- Veena Industries
- Macro Specialty Steel
- Metal Mesh
- Direct Metals Company LLC
- Newark Wire Cloth Company
- Weld Mesh
- California Wire Products Corp.
- Edward J Darby & Son Inc.
- Riverdale Mills
- Dorstener Wire Tech
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