Description
You can acquire the Galvanised MS Wire manufacturing project report right now by paying a modest fee.
Steel (Mild) Galvanised steel wire has many applications, often known as galvanised wire. It is in high demand in pre-stressed concrete products such as railway sleepers, telegraph and telephone poles, and electric poles, as well as pre-cast cement products such as pipes, door and window frames, and so on. On the other hand, it has a distinct market and cannot overlook its domestic demand. M.S. Wire is pulled to the desired diameter and then galvanised (a zinc coating is applied to it), giving it exceptional anti-corrosion properties.
Galvanized M.S. Wire is used to make various engineering products such as building hardware, barbed wires, screens, rivets, and more. Wire of a specific grade is also required to manufacture special-purpose fasteners, reinforcing wire, and similar products.
A mild wire is Galvanized M.S. Wire coated with a zinc steel coating. The zinc coating gives cathodic protection to the steel underneath the surface. In a humid environment, galvanised M.S. Wire provides superior surface protection at a reduced cost.
Market Potential & Business Plan
You need to understand the potential opportunities in the market for Galvanised Ms Wire before preparing the business plan report for the project.
As previously said, these items are in high demand in various industries. The growing electrification and extension of the railway network and gauge conversion of railway tracks are projected to produce a large market. On the other hand, demand for pre-cast cement products, both imported and local, is predicted to skyrocket. Similarly, expanding the telephone network will increase demand. It’s also utilised in the strand, which has a market in the electrical and railway industries, among other things.
In the shape of the round strand, G.I. Wires is also utilised in shipping. According to the information provided above, it has good market potential.
The rising investment by emerging country governments on infrastructure development drives demand for steel wire. It will strengthen the structure, steel wire in mesh, and utilise ropes for reinforcement. High strength, low weight, stress and wear resistance, and deformation resistance are some of its characteristics. In addition, increased development activity in the residential sector to meet the growing need for homes is another driver driving up demand. For more information about the industry and business, read our article, whose topic is Top 25 Ideas of Steel Business.
Why buy a project report of Galvanised Ms Wire?
A project report of Galvanised Ms Wire manufacturing plant is necessary for the following reasons.
- Helps the investor to make an investment decision in the Galvanised Ms Wire manufacturing business.
- Makes the entrepreneur aware of the various aspects of the Galvanised Ms Wire business.
- Helps in understanding the Galvanised Ms Wire manufacturing process.
- Serves as a sample report to prepare project reports for other purposes.
Market Overview of Galvanized Steel Market
During the projection period, the galvanised steel market can expand by 35.18 million M.T., and the market’s growth velocity will increase. Buildings and construction, automotive, consumer durables, high voltage electrical equipment, platforms, stairs, handrails, pipe fittings, and engineering are some applications used by M.S. steel. These properties divide the galvanised steel market into bolts, nuts, steel mainframes, and cable support systems, among other end goods. Furthermore, the market may be divided into Asia Pacific (APAC), Europe, North America, the Middle East and Africa (MEA), and South America in terms of geography.
Manufacturing Process
- The 6 mm to 8 mm M.S. Wire rods in coil form acquired are first subjected to a pickling process, which removes rust and any other material stuck to it, and the wire is fluxed.
- After the pickling procedure, the wire is drawn using a bull black wire drawing machine to decrease the wire diameter to the desired standard.
- The feed diameter and final diameter determine the number of passes necessary. In most cases, a 20% decrease is accomplished in one pass.
- A multi-staged wire drawing machine will achieve a more acceptable diameter.
- The drawn wire will now be sent to be galvanised.
- In the first case, the wire will be fed through a lead bath furnace for annealing, followed by a quenching tank.
- The same wire will next travel through a fluxing tank before coating zinc in a zinc furnace.
- The wire passing speed is regulated to carry out all operations as needed. These speeds will be controlled by a take-up machine that will spool galvanised wire.
- Inspection of Galvanized M.S. Wire done and then binding of wire coil, packing etc.
Advantages & Disadvantages of Steel Wire
Advantages
- Cost-Effective: Steel wires are frequently used because they are less expensive than other materials such as tungsten.
- Strength: Compared to aluminium and other materials, steel wires are more durable. In wire form, steel wires of grades 301 and 304 have a tensile strength of more than 1000 MPa.
Disadvantages
- Poor conductor of Electricity: Steel wire is a poor electrical conductor. As a result, to carry electricity over a long distance, the individual must use a lot of steel wire. ACSR (Aluminum Clad Steel Wire Reinforced) Wires, on the other hand, employ Aluminum for conductivity and Steel Wire for strength.
- Corrosion Resistance: Steel wire is prone to rust. They can, however, be zinc-coated, making galvanised wires corrosion-resistant.
Also Read: Concertina Wire Manufacturing Business Plan & Project Report.
Subject of the project report of Galvanised MS Wire
The Project Report of MS Wire Manufacturing covers the following topics.
| Sr. No. | Particulars |
| 1 | Genesis |
| 2 | Introduction |
| 3 | Market |
| 4 | Basis & Presumption |
| 5 | Implementation Schedule |
| 6 | Manpower |
| 7 | Power And Fuel |
| 8 | Approvals & Registration |
| 9 | Manufacturing Process |
| 10 | Quality Specification |
| 11 | Production Capacity |
| 12 | Pollution Control |
| 13 | Energy Conservation |
| 14 | Land & Building |
| 15 | Machinery & Equipment |
| 16 | Computation of Manufacturing |
| 17 | Working Capital Requirement |
| 18 | Depreciation |
| 19 | Repayment Schedule of Bank Loan |
| 20 | Projected Balance Sheet |
| 21 | Cash Flow Statement |
| 22 | Break Even Point Analysis |
Market Trends
Governments throughout the world are increasing their investments in infrastructure development.
Governments are pouring billions of dollars into improving the country’s infrastructure. Steel wire used has grown due to the construction of suspension bridges to boost connectivity and infrastructure. Suspended steel wire ropes support the roadway on a suspension bridge, and any weight imparted to the bridge is transferred to strain on the steel cables. These wires are utilised in suspension bridge cables because they have better tensile strength, flexibility, durability under harsh environments, and a higher load-bearing capability. This is expected to boost the steel wire market trends during the forecast period.
Market Drivers
Over the analysis period, the construction industry’s rise in emerging nations is a steel wire market driver. As government and private companies build more commercial, residential, and infrastructure projects, the market will likely rise.
Demand has increased as schools, hospitals, and the residential sector have grown. Steel wire is used for reinforcing and binding rebar to maintain the structure of a building intact because of its great strength, abrasion resistance, corrosion resistance, and resistance to deformation. MS wire mesh is the foundation of all modern facilities. Steel wire is also used for reinforcement in large-scale constructions like bridges, towers, and dams. As a result, the market will be driven by the expanding construction sector over the projected period.
Also Read: Wire Mesh Fencing Manufacturing Business Plan & Project Report.
Market Restraint
Plastic ropes are increasingly replacing steel ropes in a variety of applications.
Steel rope comprises multiple strands of steel wire twisted into a helix shape. The historical overview of teel ropes is utilised for various purposes, including crane, elevator lifting, and mechanical power transmission. The substitution of steel ropes by plastic ropes for diverse purposes is one of the primary factors limiting the market growth. Plastic strings have been used to replace steel ropes, which has resulted in the machine being lighter, more stable, and with less axle load.
The plastic ropes can withstand a harsh environment during installation, handling, and maintenance. Plastic strings are increasingly being used in mobile cranes because they provide improved lifting efficiency, cheaper maintenance costs, and longer rope life, putting pressure on the steel wire rope industry.
COVID-19 Impact on global steel wire market
Due to the COVID-19 pandemic, the steel wire industry will fall in 2020. This lethal virus has wreaked havoc around the globe, particularly in North America and Europe. Companies have shut down their operations and production facilities to prevent the virus from spreading further. Steel wire usage has decreased in industrial manufacturing, mining, automotive, aerospace and defence, and other industries.
Steel wire demand will be driven by increased demand from the building end-use industry.
The construction sector is the most prominent application industry in the steel wire market in terms of volume. Steel wire is used to construct road, river, and railway bridges and flyovers, atomic reactor domes, slabs, silos, hangers, aqueducts, high-rise structures, viaducts, and railway sleepers. During the anticipated period, the steel wire market is likely to be driven by growing demand from these applications.
The introduction of plastic and hybrid ropes has posed a significant challenge to the steel wire business.
Compared to steel wire ropes, plastic ropes offer superior strength to weight ratio due to a lack of information about the benefits of employing plastic ropes and the high cost of plastic fibres. Plastic ropes are expected to provide a superior alternative to traditional ropes as plastic technology advances. PP ropes have a low stretch, so they fall to the ground rather than snapping back like wire rope, resulting in no injury even if they break.
Plastic ropes are predicted to gain widespread adoption in mining applications in the future due to their superior performance. For critical mining jobs, efforts are being undertaken to shift from steel cables to custom-engineered plastic ropes. Because of their ergonomic properties, plastic ropes are projected to increase demand.
COVID -19
After COVID-19, it is necessary to maintain an unbroken supply chain and function at total capacity.
The COVID-19 epidemic has had adverse and immediate effects on the worldwide construction, automotive, mechanical manufacturing, and metal industries. These are the industries that have been hit the worst, and the immense challenge for steel wire makers is to go back to total production and make up for the income loss and harm caused by the epidemic.
Due to the closing of national and international borders due to the COVID-19 epidemic, supply chains in the worldwide steel wire industry have been interrupted. The steel wire industry’s current and future difficulties include ensuring the smooth flow of global supply chains, which are in charge of swiftly delivering materials and components across borders and fabrication sites. These industries must compensate for raw material delays or non-arrival.
Galvanized Iron Wire Increasing Demand- India
In diameter’s need for galvanised iron wire is growing. Galvanised steel is rust-resistant and corrosion-resistant steel. It is made using a process known as galvanisation. It entails putting a zinc-based protective coating to prevent rust and corrosion. Application, end products, and geography may all be used to segment the worldwide galvanised steel market.
Galvanised wire is used to make various technical products, including building hardware, barbed wires, screens, rivets, and more. Unique wire quality is also required for special purpose fasteners, reinforcing wire, and other applications. Galvanised iron Wire is a mild wire that has been coated with a zinc steel coating. Underneath the steel surface, a zinc layer offers cathodic protection. In a humid environment, galvanised iron wire provides superior surface protection at a cheaper cost.
Galvanised iron wire is in high demand due to its versatility in various applications. This product is in great demand in downstream sectors. The activity is exceptionally practicable in the small scale sector, and marketing is typically not an issue, thanks to relevant technology. The increasing electrification and extension of railway networks and gauge change of railway tracks are projected to generate a large market. On the other hand, the demand for pre-cast cement products and domestic cement is predicted to skyrocket.
Similarly, expanding the telephone network will increase demand. It’s also utilised in a strand that’s popular in the electrical and railway industries. In the shape of a round strand, G.I. Wires is also used in shipping.
Conclusion
You can download Project Report in PDF format to understand various aspects of Galvanised MS Wire business by paying a small cost.
Galvanised steel’s properties and qualities are also driving the market growth. Corrosion resistance, rust resistance, and excellent dependability are attributes. Because galvanised steel is inexpensive, it is frequently used in various construction projects, including residential and commercial structures.
Compared to conventional steel, the cost-effectiveness and rising use of galvanised steel in different industry-based applications also contribute to the market’s growth. Furthermore, the decreased zinc price is propelling the galvanised steel industry forward. Manufacturers are being persuaded to look into new business options in the galvanised steel industry due to this development. As a result, the market is expanding worldwide.
FAQ’s
What is the value of the steel wire market?
In 2018, the worldwide steel wire market was valued at USD 91.33 billion, and it is expected to grow to USD 112.14 billion by 2026. At what CAGR is the market expected to grow in the forecast period (2019-2026)? The market is expected to increase at a steady rate of 2.7 per cent throughout the projected period (2019-2026).
What is the primary driver of the market?
Steel wire devices are in high demand due to the rising construction sector.
What factors are impacting the steel wire market’s growth?
Steel wire’s exceptional performance attributes have sparked a surge in demand from end-use sectors, propelling the industry forward. Hence, this proves that one can start this business on a small scale and later move further.
What is the fastest-growing steel wire market at the regional level?
Due to significant steel wire producers and the expanding expansion of numerous end-use industries, APAC is the fastest-growing steel wire market.
What elements go into determining the ultimate pricing of steel wire?
The cost of raw materials is high. The price of these materials has a considerable impact on the ultimate price of steel wire.
What are the steel wire market’s challenges?
The most serious difficulty in the steel wire business is lowering the cost of steel wire.
What are the most prominent producers?
Steel wire market participants include Toray Industries Inc. (Japan), Forbo International S.A. (Switzerland), Habasit AG (Switzerland), ContiTech AG (Germany), Tata Steel Limited (India), Ahlstrom-Munksjo (Finland).
What are the most common uses for steel wire?
Transmission belts, conveyor belts, automobile carpets, flame-resistant garments, and protective gear are among the most common uses for steel wire.
Can I download the Galvanised MS Wire project report in Word, Excel, or PDF format?
You can download the project report of Galvanised MS Wire in PDF format, and you will have to prepare the information yourself in Word or Excel.