Introduction

Infrastructure and Industrial Development in India are segments that have huge potential. The global wire market is expected to be valued at approximately USD 24 billion in 2014 and it is projected to grow at an approximate CAGR of 5% over the forecast period of 2016 to 2024. Infrastructure development, improvement & remodeling work, and new housing construction are expected to remain key driving factors for market growth over the forecast period.

The major factors expected to spur the market growth are the security concern, a rise in safety, commercial construction, transportation construction, and rebounding office. Factors such as design, quality, and aesthetic value are expected to witness a rise in demand owing to the enhancement of aesthetic construction buildings and properties. With more emphasis on infrastructure and industrial development, the demand for GI wires, Stich Wire, wire mesh, chain links, and barbed wire is expected to get a big boost in the days to come. As such it is expected there will not be any dearth of demand.