Global Steel Fiber Market is projected to reach a value of over USD 3.1 billion by 2027

Steel Fiber Market: Summary

The Global Steel Fiber Market is projected to reach a value of over USD 3.1 billion by 2027 at a CAGR of around 5.1%.

Steel Fiber is composed of steel, steel-coated plastic, plastic-coated steel, or a steel core covered with other metals. Steel fibres are added to mortar, Portland cement concrete or refractory concrete, to increase the flexural strength from 25% to 100% depending on the proportion of fibres added and the mix design. The superior physical and electrical properties of the steel fibers are high corrosion and thermal resistance, good electric and heat conductivity, and excellent Electromagnetic Interference (EMI) shielding capabilities. The stainless-steel fibers are widely used throughout various consumer and industrial applications such as construction, transportation, and mining.

Steel Fiber Market: Drivers & Challenges

Market Driver:

  • Development of Infrastructure With Supportive Government Policies

The increasing infrastructural activity in developed and developing countries, the commercial building as well as construction on roads & highways have witnessed huge investment. These infrastructural activities enhancement the demand for steel fiber materials due to it is a cost-effective and long-lasting solution. Infrastructure sector is a key driver for the all counties economy. The sector is highly responsible for propelling any country overall development and enjoys intense focus from the Government for initiating policies that would ensure time-bound creation of world-class infrastructure. The developing and developed countries are investing to secure long-term future growth, and their aim toward socio-economic benefits is supporting the growth of the steel fiber market. For Instance, India requires investment worth USD 777.73 billion in infrastructure by 2022 to have sustainable development in the country. This is expected to create a huge market opportunity for the key players in the steel fiber market.

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Market Restraint:

  • Synthetic Fibers Replacing Steel Fibers In Certain Applications

Synthetic fibers are made from small molecules synthesized polymers. The substances used to produce such fibres are extracted from raw materials such as chemicals based on petroleum or petrochemicals. Steel fiber and synthetic fiber have entirely different properties. For airport runways, steel fibers are used, but for individual projects, synthetic fibers are also used. Steel fibers have a high modulus and a high resistance in traction, which means they are not effective against cracks, while the synthetic fibers have a low Young modulus ranging between 3 and 5GPa and are reactive to potential cracks at an early stage. Moreover, certain disadvantages associated with steel fiber such as concrete strength and corrosion hampering the market growth up to a certain extent.

Steel Fiber Market: Key Segments

  • Segmentation based on type: Hooked Steel Fiber, Straight Steel Fiber, Crimped Steel Fiber, Deformed Steel Fiber, and Others
  • Segmentation based on processing method: Cut Wire/ Cold Drawn, Slit Sheet, Melt Extract, and Others
  • Segmentation based on application: Concrete Reinforcement, Composite Reinforcement, Refractories, and Others
  • Segmentation based on region covers: North America, Asia-Pacific, Europe, Middle East & Africa and South America, with individual country-level analysis.

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Steel Fiber Market: Report Scope

The report on the Steel Fiber market covers a deep dive analysis of historic, recent and current market trends. Furthermore, market share/ranking analysis of key players, market dynamics, competition landscape, country-wise analysis for each region covered and the entire supply chain dynamics are covered through the below segmentation.

Report FeaturesSpecificsHistorical/Estimated/Forecasted Market Size Years2019–2027Base Year for Market Calculation2020Forecasted Period2021–2027 (2021 estimated year, forecasted up to 2027)Measured UnitsValue (USD Million) and Volume (Kiloton)Segments IncludedType, Manufacturing Process, Application, and RegionRegional CoverageNorth America, Asia-Pacific, Europe, Middle East & Africa, South America

Key Companies Covered

  • ArcelorMittal (Company Description, Company Overview, Product Synopsis, Key Developments, SWOT Analysis)
  • Bekaert
  • Fibrometals
  • Nippon Seisen Co., Ltd.
  • Green Steel Group
  • Ugitech S.A.
  • IntraMicron, Inc.
  • Ribbon Technology Corporation
  • HuNan HuiTong Advanced Materials CO., LTD.
  • Fibercon International Inc
  • Other Key Companies

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Steel Fiber Market: Report Segmentation

For the scope of the report, In-depth segmentation is offered by Forencis Research

Steel Fiber Market, by Type

  • Hooked Steel Fiber
  • Straight Steel Fiber
  • Crimped Steel Fiber
  • Deformed Steel Fiber
  • Others

Steel Fiber Market, by Manufacturing Process

  • Cut Wire/ Cold Drawn
  • Slit Sheet
  • Melt Extract
  • Others

Steel Fiber Market, by Application

  • Concrete Reinforcement
  • Composite Reinforcement
  • Refractories
  • Others

Steel Fiber Market, by Region

  • North America
  • US
  • Canada
  • Mexico
  • Asia-Pacific
  • China
  • India
  • Japan
  • South Korea
  • Rest of Asia-Pacific
  • Europe
  • Germany
  • UK
  • France
  • Italy
  • Rest of Europe
  • Middle East & Africa
  • Saudi Arabia
  • UAE
  • Rest of Middle East & Africa
  • South America
  • Brazil
  • Argentina
  • Rest of South America

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Table of Content

1 Introduction

2 Research Design & Scope

3 Executive Summary

4 Market Dynamics

5 Industry Trends — Porters Five Forces Analysis

6 GLOBAL STEEL FIBER MARKET BY TYPE, Market Size in USD Million and Volume in Kiloton (2019–2027)

7 GLOBAL STEEL FIBER MARKET BY MANUFACTURING PROCESS, Market Size in USD Million and Volume in Kiloton (2019–2027)

8 GLOBAL STEEL FIBER MARKET BY APPLICATION, Market Size in USD Million and Volume in Kiloton (2019–2027)

9 GLOBAL STEEL FIBER MARKET BY REGION, Market Size in USD Million and Volume in Kiloton (2019–2027)

10 Competitive Landscape

11 Company Profiles

12 Appendix

About Forencis Research

Forencis Research is a B2B market research, intelligence and advisory firm engaging in market research and consulting services across leading industries, globally. Our robust and meticulous research team provides high growth and niche syndicated reports, customized reports and consulting reports to the diverse global fortune clientele and intellectual institutions. Forencis Research database is a constantly evolving pool of reports and white paper studies which helps companies to foster accelerated revenue growth in global and regional markets. Forencis Research delivers market research and consulting reports on high growth markets to help companies dominate their competition and set themselves apart by attaining increased revenue growth. To enable exclusive insights around the target market, Forencis Research employs robust research Methodology & Design which includes data acquisition, data synthesis and data correlation, through Primary and Secondary Research. Through the obtained data, Top-down and bottom-up methods are exercised to attain and verify data sanity within the entire market. This market data is yet again correlated with Forencis Research’s internal database before presenting it in any of our final publications. These methods of data correlation and amalgamation benefit us to put forward accurate market estimates enabling our clients to transform their business, markets and most importantly their “REVENUES”.

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