Woven Wire Mesh Market Size, Share, Growth, and Industry Analysis, By Type (Carbon Steel, Galvanized Steel, Stainless Steel, Aluminum, Others), By Application (Industrial, Agricultural, Architectural & Artistic, Others), Regional Insights, and Forecast From 2024 To 2031

Updated On: 22 April 2024

Woven Wire Mesh Market Report Overview

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The global woven wire mesh market size was US$ 2596.7 million in 2020 and is expected to reach USD 3791.07 million by 2031, exhibiting a CAGR of 3.5% during the forecast period.

Metal wire strands are woven around to create a sheet to create woven wire mesh, a sort of cloth. It is frequently utilized in a number of different industries, including mining, farming, building, and food processing. It is a sturdy, long-lasting, and versatile material that may be used for sieving, filtering, and screening, among other things. Steel is the most widely used material for wire mesh, but metals such as copper, brass, and aluminum are additionally utilized.

According to projections, wire meshes will be used in numerous sectors for a range of functions. The wire industries offer a variety of features for a variety of industries, including the food industry, mining, agriculture, and many more. With the birth and growth of new sectors, the potential for wire mesh growth is also expanding daily. Therefore, greater opportunities for market income generating still need to be seized.

COVID-19 Impact: Isolation Limitations to Deplete Market Advancement  

The COVID-19 pandemic has been unprecedented and staggering, woven wire mesh experiencing lower-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden rise in CAGR is attributable to the market’s growth and demand returning to pre-pandemic levels.

The coronavirus outbreak has had a significant influence on world markets and has put the biggest economies on lockdown. Due to this disastrous shutdown, the consumer sector has all of a sudden lost interest in purchasing items.

The stoppage of all international transit is one of the biggest problems that the market suffered. Global economic downturn were reduced demand for advanced materials, which had an impact on industry and exports.

LATEST TRENDS

"Excellent Physical Strength of the Material ""to Stimulate Market Development" 

Over 40% of the total woven wire mesh revenue share in 2014 was accounted for by EMI and RFI shielding, which dominated the global woven wire mesh market. The product is frequently used to stop signal loss and enhance wireless device connectivity. It can be used as a filter for separating solid particles from liquids or gases as well. Growth over the projection period will be driven by rising demand for these goods as filters to lower air pollution.

Due to the excellent physical strength and durability provided by these woven wire mesh when set up correctly under harsh conditions such as temperature and moisture changes brought on by changes in the climate across different regions globally, building applications will be experiencing substantial development at a CAGR, when it comes to of revenue, from 2015 to 2030.

Woven Wire Mesh Market Segmentation

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• By Type

Based on type; the market is divided into carbon steel, galvanized steel, stainless steel, aluminum, others

Hardware is the leading part of the type segment.

• By Application

Based on the application; the market is divided into industrial, agricultural, architectural & artistic, others

Industrial is the leading part of the application segment.

DRIVING FACTORS

"Utilization of Carbon Steel to Aid Market Expansion "

A type of steel called carbon steel has carbon as well as other alloying components. Its yield strength is poor despite its strong tensile strength. It is employed in a variety of uses where good tensile qualities are necessary, such as rebar in the erection of roads, buildings, and bridges and as reinforcement in concrete constructions. Under normal atmospheric conditions (ASA), the yield point denotes the lowest stress needed to cause a specimen to rupture. Therefore, the utilization of carbon steel will proliferate the woven wire mesh market share during the forecasted period.

"Nickel with Nickel Alloys to Foster Industry Progress  "

Metals such as nickel along with nickel alloys are used to make woven wire mesh. Nickel plus nickel alloys are a great option for many applications because of their excellent electric and thermal properties and high corrosion resistance. These alloys are frequently used in industry filters, strainers, and separating devices, and additionally in the production of food and drink, medical devices, and other items that need materials that are robust, long-lasting, and corrosion-resistant.

RESTRAINING FACTORS

"Lack of Qualified Security Personnel to Hinder Market Advancement  "

However, occasionally, during the welding process, the zinc covering is removed from the welding joints, allowing moisture to initiate corrosion. This further degrades the welded wire mesh's quality, which is expected to restrain the woven wire mesh market growth expansion.

Woven Wire Mesh Market Regional Insights

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"Growing Industrialization ""in Asia Pacific to Support Market Advancement" 

In 2021, Asia Pacific held a 59.1% and a 72.0% share of the global woven wire mesh market when measured in terms of sales and volume, respectively. Due to growing industrialization and increased demand from end-use sectors such as building and construction, automobiles aerospace and military, among others, the area is predicted to maintain its dominance during the projection period.

In the upcoming years, the expanding manufacturing sector in rising nations including India and China is predicted to increase woven wire mesh requirement within the filtration application industry, which is anticipated to fuel expansion throughout the Asia Pacific region throughout the course of the forecast period.

KEY INDUSTRY PLAYERS

"Key Players Focus on Partnerships to Gain a Competitive Advantage"

Prominent market players are making collaborative efforts by partnering with other companies to stay ahead of the competition. Many companies are also investing in new product launches to expand their product portfolio. Mergers and acquisitions are also among the key strategies used by players to expand their product portfolios.

The analyst provides a comprehensive picture of the market through the study, synthesis, and summarization of data from various sources, as well as an examination of important variables such as financial gain, sales prices, competition, and promotions. It identifies the key industry influencers and presents various market facets. The information provided is thorough, reliable, and the result of extensive primary and secondary research. The market report provides a comprehensive competitive landscape as well as an in-depth vendor evaluation methodology and analysis based on both qualitative and quantitative studies to accurately forecast market growth.

The reports cover important advances with in market, as well as inorganic and organic growth strategies. Various companies are concentrating on organic business expansion such as product announcements, product approvals, and other things like patents and events. Acquisitions, partnerships, and collaborations were among the inorganic growth strategies observed in the market. The above activities have paved the way for market participants to expand their business and customer base. With the growing demands for filter products in the international market, market participants in the market are expected to benefit from substantial growth opportunities in the near future.

List of Market Players Profiled

• Dorstener Drahtwerke (U.S.)
• WireCrafters (U.S.)
• IWM International (U.S.)
• Aqseptence Group (U.S.)
• Boedon Industrial Limited (U.K.)
• GKD (Germany)
• Costacurta S.p.A. (Italy)
• BOPP (U.S.)
• Boegger Industrial (China)
• Progress Architektura (Italy)
• McNICHOLS (U.S.)
• Anping Runtech Metal Mesh (China)
• Fars Wirmesh (India)
• TWP Inc (U.S.)
• Metal Mesh (India)
• Fratelli Mariani (Italy)
• YKM Group (UAE)
• Banker Wire (U.S.)
• Hebei Anjia Wire Net Weaving (China)
• H＆B Wire Fabrications Ltd (U.K.)
• Locker Wire Weavers Limited (U.K.)

REPORT COVERAGE

This research offers a thorough analysis of the global market, covering all relevant areas. This includes everything from a broad market overview to micro-level information about size of the market, degree of competition, evolution trend, opportunities in the market, important market drivers, and SWOT opportunities and threats. The reader can use the study to influence industry competitiveness and competitive environment strategies to increase potential profit. Additionally, it offers a straightforward framework for assessing and gaining access to the situation of the corporate organization.

In a nutshell, this study should be read by all market participants, traders, academics, analysts, business planners, and anyone else with an interest in the market. The market competitive landscape is another area that the report structure focuses on. This report presents in depth information the share of the market, macroeconomic indicators, product scenario, operation circumstances of the major players, which aids readers in the industry in recognizing the key rivals and better understanding the market's competitive landscape.