​Steel Wire Industry Report 2025: Global Market to Surpass $115 Billion by 2029, Driven by Increased Demand in Construction, Automotive, and Energy Sectors 

The global steel wire market, valued at US$110.04 billion in 2023, is projected to reach US$155.13 billion by 2029, growing at a CAGR of 5.89%. This growth is primarily driven by increased demand in construction, automotive, and energy sectors, fueled by urbanization, rising automobile manufacturing, infrastructure development in China and India, and electrification in rural areas. Carbon steel leads due to its wide applications and recyclability, while stainless steel shows rapid growth in luxu

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