Post Covid19:STEEL FIBER MARKET TO REACH USD 3.1 BILLION BY 2027 | CAGR 5.8% — FORENCIS RESEARCH

  • According to the new market research report “Steel Fiber Market by Type (Hooked Steel Fiber, Straight Steel Fiber, Crimped Steel Fiber, Deformed Steel Fiber), by Processing Method (Cut Wire/ Cold Drawn, Slit Sheet, Melt Extract), by Application (Concrete Reinforcement, Composite Reinforcement, Refractories), by Region (North America, Asia Pacific, Europe, Middle East & Africa, South America) — Global Forecast (2020 to 2027)”, the global Steel Fiber market is estimated to reach USD 3.1 Billion by 2027 at a CAGR of around 5.8% during the review period.
  • 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
  • Steel Fiber is composed of steel, steel-coated plastic, plastic-coated steel, or a steel core covered with other metals
  • 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 increasing infrastructural activities in the developing and developed region, along with favourable government supportive policies is expected o drive the global steel fiber market.
  • In addition, the superior properties possed by the steel fiber make it useful for several a0plication also boosting the demand form various end-use industries
  • However, synthetic fibers replacing steel fibers in certain applications act as a major restraining factor for the growth of the steel fiber market
  • Asia-Pacific
  • North America
  • ArcelorMittal.:
  • Bekaert

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DataBridge Market Research

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