The Market Size Is Steadily Expanding, And The Demand in Application Areas Is Diverse

With the continuous advancement of domestic manufacturing industry transformation and upgrading, the market for annealing wire, as a key metal material, has shown a steady expansion trend. According to the "2025 China Annealing Wire Market Research Report", the market size of annealing wire in China reached approximately 9.86 billion yuan in 2023, and is expected to exceed 11.5 billion yuan by 2025, with an average annual compound growth rate of around 6.8%. This growth is attributed to the continuous investment in infrastructure construction, the popularization of prefabricated building technology, and the demand for high-strength steel wires from new energy vehicles. Regionally, the East China and South China regions, with their developed industrial bases, account for nearly 60% of the total consumption of annealing wire in the country. Jiangsu, Guangdong, and Zhejiang are the main demand markets. In the central and western regions, driven by the "new infrastructure" policy, the transportation, water conservancy, and urban rail projects have also significantly driven the growth of annealing wire demand locally.
Product structure upgrading, special annealing wire emerges
Currently, medium and high-carbon steel annealing wire remains the mainstream, accounting for over 75%. However, with technological progress and the complexity of usage environments, special annealing wire products with higher tensile strength, fatigue performance, and corrosion resistance have gradually gained market favor. Especially in high-end equipment manufacturing and bridge construction fields, their application proportion has increased from 12% in 2020 to 18% in 2023, and is expected to reach 23% in 2025. For example, in the automotive suspension system, oil annealing spring steel wire is developing towards higher strength and thinner diameter to meet the requirements of vehicle performance improvement due to the demand for lightweighting of electric vehicles.
Enterprises accelerate technological innovation, with frequent patent achievements
To enhance competitiveness, enterprises are increasing their investment in technological research and development. On August 9, 2025, Financial Times reported that Gongyi City Hengming Metal Products Co., Ltd. applied for the patent "A quench and anneal steel wire, production method and high-precision steel wire processing production line". This patent realizes full-process automation through the coordinated operation of the control center, cutting, rotation, and grinding components, eliminating positioning errors between processes and manual intervention, and significantly improving processing accuracy. This achievement reflects the innovation breakthroughs of enterprises in annealing wire production technology, which helps to promote the improvement of industry product quality.
Policy guidance for industry transformation, green and low-carbon become a trend
The "14th Five-Year Plan" and other policies have a profound impact on the metal products industry. The country has clearly proposed that by 2025, the self-sufficiency rate of key metal materials will increase to over 73%, and the R&D investment intensity of enterprises will reach 2.3%. At the same time, green and low-carbon transformation has become an important goal. The Ministry of Ecology and Environment requires that by 2025, the carbon emission intensity per unit of output in key industries will decrease by 18% compared to 2020. Under this background, annealing wire production enterprises are accelerating the research and application of green production processes, and technologies such as electric furnace steelmaking, waste heat recovery, and low-emission heat treatment have been gradually promoted, not only reducing unit energy consumption but also improving product quality stability.