The global steel fiber market was estimated at 2.3 (USD Billion) in 2019 and is projected to be valued at 3.5 (USD Billion) by 2025 at a CAGR of 5.0%. The report offers valuation and analysis of steel fiber market on a global as well as regional level. The study offers a comprehensive assessment of the industry competition, limitations, sales estimates, avenues, current & emerging trends, and industry-validated market data. The report offers historical data from 2016 to 2018 along with a forecast from 2019 to 2025 based on value (USD Billion).
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Key Driving Factors
Massive product demand across the construction & infrastructure industries is anticipated to steer the growth of the steel fiber market over the forecast timeline. Apparently, steel fiber find massive application in these sectors due to its beneficial features like crack resistance, rust resistance, durability, greater tensile strength, and enhanced sheer strength. These beneficial features are expected to steer the growth of the industry over the forecast period.
Our study offers market attractiveness analysis in a precise manner, thereby assisting the buyer in unfurling the huge growth prospects of the steel fiber market over the timespan from 2019 to 2025. The report also provides data about the market from 2016 to 2018. Moreover, the market is segmented into application, type, manufacturing process, and region.
Application-wise, the steel fiber market is segregated into Composite, Refractories, and Concrete applications. Based on the type, the industry is divided into Straight, Deformed, Hooked, and Crimped. On the basis of manufacturing process, the industry is divided into Slit Sheet, Melt Extract, and Cut Wire/Cold Drawn.
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The key players influencing the steel fiber industry and profiled in the report include:
- Arcelor Mittal
- Green Steel Group
- Nippon Seisen
- Yuthian Zhitai Steel Fiber Manufacturing
- R. STAT
- Spajic Doo
- Zhejiang Boean Metal Products
- Hunan Sunshine Steel Fiber.
The global steel fiber market is segmented as follows:
- Others (glued & irregular)
- Concrete reinforcement
- Composite reinforcement
- Others (vaults, filters, and material plastic)
By Manufacturing Process
- Cut Wire/cold drawn
- Slit sheet
- Melt extract
- Others (Mill extract and modified cold drawn wire)
- North America
- Asia Pacific
- Latin America
- Middle East and Africa
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