Updated on : June 17,
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The global steel fiber market was valued at USD 1.96 billion in and is projected to reach USD 2.44 billion by , growing at 4.5% cagr from to . Increasing construction and infrastructural development across Asia Pacific, Middle East & Africa is increasing the demand for steel fibers.
Steel fibers are thin, elongated steel strands measuring 0.5-1.5mm in diameter and up to 50mm in length. They are added to concrete, mortar, or shotcrete mixtures to increase their tensile strength, toughness, and crack resistance. The fibers are randomly distributed throughout the matrix, generating a three-dimensional network of reinforcement that minimizes crack propagation and increases the overall durability and load-bearing capability of the composite material.
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China, India, and other Southeast Asian countries are seeing steady population growth. The need for residential and commercial structures rises in tandem with population growth. Steel fiber reinforced concrete is an ideal choice for high-rise buildings and other constructions that demand more structural strength and crack resistance than conventional materials. As a result, it has become a preferred option for such constructions.
Builders, architects, and engineers are adopting sustainable construction methods. Steel fibers manufactured from recycled steel are a better alternative to synthetic fibers. Steel fibers require fewer repairs, which reduces resource use.
The usage of conventional materials like synthetic and glass fibers, which have been around for a while and are well-known to engineers and contractors for use in concrete reinforcement, is one of the main factors restricting the expansion of the steel fiber trade. This familiarity may cause one to favor different kinds of reinforcing materials. Because the benefits of steel fibers over conventional materials are not well known, traditional materials are being used in construction projects.
Research & development spending in the fields of manufacturing technologies and material science is expanding quickly. This opens up new possibilities for improving the mechanical characteristics of steel fibers.
A current research focus is on the investigation of high-performance steel fibers in combination with silica fumes or fly ash. It is anticipated that this combination will improve the concrete's flowability and mechanical qualities. Furthermore, it has been demonstrated that adding nano-silica enhances the mechanical qualities of steel fiber reinforced concrete even more.
Despite efforts to increase their resilience, steel fibers are susceptible to corrosion. Their corrosion resistance may be impacted by the manufacturing method; melt extract or cold-drawn wire are less resistant to corrosion than mill-cut fibers. Corrosion can also be caused by the kind of steel fiber that is utilized, the existence of chloride ions, and the surface and size of the fibers. Important players in the steel fiber industry must make significant investments in R&D to create new and enhanced corrosion-resistant steel fibers in order to address this problem.
The use of steel fiber in composite reinforcement aims to improve the mechanical characteristics of composite materials, including their toughness, strength, and stiffness. Because steel fibers offer better anchoring between fibers and the matrix, they are frequently utilized in composite reinforcement, which improves pull-out resistance and structural performance. Specialized steel fibers with hooks are preferred because of their anchoring systems. Due to the importance of this application segment in a variety of industries needing high durability and tensile strength, steel fiber demand in composite reinforcement applications has expanded. Applications for reinforced composite are found in the sports and leisure and textile industries. It has a very low water-absorbent quality and is recyclable. Stainless steel fiber is utilized for reinforcing in composites.
Numerous end-use industries, including refractories, composite reinforcement, and concrete reinforcement, use hooked end steel fibers. In these application areas, the product's overall structural integrity is improved through the employment of hooked end steel fiber. These fibers find employment in a variety of settings, including equipment foundations, blast-resistant concrete, airport pavements, and industrial slabs. Generally, hooked end steel fiber has a density of 7.8 g/cm3. Depending on the production technique and the alloy used to create the hooked steel fiber, the density may change slightly.
Pulling steel wire through a die reduces the diameter of the wire, producing higher mechanical properties, dimensional accuracy, and surface finish in cold-drawn steel fiber. Excellent surface finishes and precise tolerances are provided by this cost-effective technique for a range of applications. Cold drawing provides better dimensional tolerance, surface finish, and precision than alternative manufacturing processes like hot extrusion. Hooked steel fibers are often made from cold-drawn fibers due to their excellent pullout behavior and bonding.
The major markets for steel fiber are in Asia Pacific, followed by North America and Europe. The rising urbanization and industrialization of the Asia Pacific region, coupled with significant expenditures in the building and construction sector, are the primary drivers of market expansion. An additional driver of economic expansion is the growing populace of China and India. The purchasing power parity (PPP) measure of the global gross domestic product (GDP) places the region at nearly one-third of the total.
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The Steel fiber market is dominated by a few globally established players. The major active players in the market are Bekaert (Belgium), ArcelorMittal (Luxembourg), Nippon Seisen Co., Ltd. (Japan), Fibrometals (Romania), Sika AG (Switzerland), Jiangsu Shagang Group Co., Ltd. (China), Zhejiang Boen Metal Products Co., Ltd. (China), Green Steel Group (Italy), Spajic Doo (Serbia), Kosteel Co., Ltd. (South Korea), Severstal (Russia), Enviromesh Pty Ltd. (Australia), Hunan Shuanxing Steel Fiber Co., Ltd., and Kerakoll SPA (Italy), among others, are the main producers who have won significant contracts recently. Since global requirements are changing, contracts and new product development have received the majority of attention.
These companies are attempting to establish themselves in the Steel fiber market by employing a range of inorganic and organic approaches. A thorough competitive analysis of these major Steel fiber market participants is included in the research, along with information on their company profiles, most recent advancements, and important market strategies.
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Report Metric
Details
Market size available for years
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Base year considered
Forecast period
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Units considered
Value (USD Million), Volume (Kiloton)
Segments Covered
By Type, By Application, By Manufacturing Process, and By Region
Geographies covered
Europe, North America, Asia Pacific, Latin America, Middle East, and Africa
Companies covered
Bekaert (Belgium), ArcelorMittal (Luxembourg), Nippon Seisen (Japan), Fibrometals (Romania), Sika AG (Switzerland), Jiangsu Shagang Group (China), Zhejiang Boen Metal Products Co., Ltd. (China), Green Steel Group (Italy), Spajic Doo (Serbia), Kosteel Co., Ltd. (South Korea), Severstal (Russia), Enviromesh Pty ltd. (Australia), Hunan Shuanxing Steel Fiber Co., Ltd. (China), and Kerakoll SPA (Italy).
The study categorizes the steel fiber market based on Type, Application, Manufacturing Process, and Region.
Which are the major companies in the Steel fiber market? What are their major strategies to strengthen their market presence?
Some of the key players in the Steel fiber market are Bekaert (Belgium), ArcelorMittal (Luxembourg), Nippon Seisen Co., Ltd. (Japan), Fibrometals (Romania), Sika AG (Switzerland), Jiangsu Shagang Group Co., Ltd.(China), Zhejiang Boen Metal Products Co., Ltd. (China), Green Steel Group (Italy), Spajic Doo (Serbia), Kosteel Co., Ltd. (South Korea), Severstal (Russia), Enviromesh Pty ltd. (Australia), Hunan Shuanxing Steel Fiber Co., Ltd. (China), and Kerakoll SPA (Italy) are the key manufacturers that secured contracts deals in the last few years. Contracts and deals were the key strategies adopted by these companies to strengthen their position in the Steel fiber market.
What are the drivers and opportunities for the Steel fiber market?
Increasing demand for steel fibers in the construction & building industry, while the ongoing R&D in advancing manufacturing techniques to provide an opportunity for the market to grow.
Which region is expected to hold the highest market share?
Asia Pacific Steel fiber market has been experiencing growth and significant industry demand. Asia Pacific is experiencing increased investments in infrastructural developments, contributing to the increasing adoption of Steel fiber products.
What is the total CAGR expected to be recorded for the Steel fiber market during -?
The CAGR is expected to record a CAGR of 4.5% from -
How is the Steel fiber market aligned?
The market is growing at a considerable pace. The market is a highly consolidated market, and many manufacturers are planning business strategies to expand their existing production capacities of Steel fiber. .
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[100 Pages Report] | Steel Fiber Market is anticipates experiencing substantial expansion in the upcoming years by it's Application [Concrete Construction, Refractory Industries, ], & by Type [Carbon Steel Fibers, Stainless Steel Fibers, ] Region Forecast to . The report provides an overview of company profiles, financial indicators, market requirements, advancements in technology, and regional progress. Anticipated annual growth in the Steel Fiber market is set to be remarkable, with a projected Compound Annual Growth Rate (CAGR) from to .
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The Steel Fiber Market Report Highlights the following Leading Manufacturers:
The Steel Fiber Market is analysed across multiple segments, including Size, Share, and End-users, with a focus on forecasts spanning from to . The report also offers insights into the forthcoming period with growth drivers and prominent market players.
Furthermore, the report conducts a thorough analysis of segments within the global Steel Fiber market, delving into their individual market sizes and shares. It comprehensively covers the strategic initiatives taken by leading industry players, along with their financial achievements. Additionally, the report outlines key market prospects and explores the impact of regulatory measures on the Steel Fiber market landscape. Ask for a Sample Report
Comprehensive Analysis of the Steel Fiber Market Report -:
The Steel Fiber report combines thorough quantitative analysis with detailed qualitative assessment. It begins with a macro-level overview, covering the entire market size, industry supply chain, and market dynamics, then delves into micro-level insights into segment markets, which are classified by type, application, and region. This approach provides a comprehensive and insightful perspective of the Steel Fiber market, encompassing all essential aspects.
In terms of the competitive landscape, the Steel Fiber report offers insights into industry players by examining market share, concentration ratio, and related elements. It furnishes in-depth profiles of top companies, allowing readers to attain a deeper understanding of competitors and a more comprehensive grasp of the competitive environment. Furthermore, the report investigates factors like mergers and acquisitions, emerging market trends, the impact of COVID-19, and regional dynamics, ensuring a comprehensive analysis of these significant aspects.
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What are the Steel Fiber Market Type?
What are the Steel Fiber Market Applications?
Some Key Points Related Steel Fiber Market: -
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Steel Fiber Market Scenario by
For more information, please visit stainless steel fiber for refractory.
The Market Report on Steel Fiber offers a comprehensive overview of these terms, encompassing their applications, advantages, limitations, and more. Furthermore, it provides an extensive account of the existing Steel Fiber that will have an impact on the future Steel Fiber market.
The report delves into the Steel Fiber market in detail, including historical data and forecasts for market size. This information is valuable for businesses in shaping their strategies as it helps them understand the trends that are influencing and propelling the Steel Fiber market forward.
The Global Steel Fiber Market Report for the years to conducts a thorough analysis of the global Steel Fiber market, offering a detailed description of market size and its growth prospects. The report evaluates the global Steel Fiber market in terms of its value and geographical regions, offering regional insights for areas such as the US, Europe, Japan, China, and India.
Additionally, the report examines the significant opportunities within the market and elucidates the factors fueling industry growth. It also provides a forecast for the overall global Steel Fiber market's growth from to , considering past growth patterns, factors contributing to growth, and current and future trends.
Road Map of Steel Fiber Market:-
Which Region are focusing in this Steel Fiber Market Report?
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Key Reasons to Buy Steel Fiber Market Report:
This Steel Fiber Market Research Analysis Report Provides Responses to the Following Inquiries:
Reasons to Buy Steel Fiber Market Report:
Detailed TOC of the Steel Fiber market:
1 Steel Fiber Market Report Overview
1.1 Study Scope
1.2 Market Analysis by Type
1.3 Market by Application
1.4 Study Objectives
2 Global Growth Trends
2.1 Global Steel Fiber Market Perspective
2.2 Steel Fiber Growth Trends by Region
2.3 Steel Fiber Market Dynamics
3 Competition Landscape by Key Players
3.1 Global Top Steel Fiber Players by Revenue
3.2 Global Steel Fiber Market Share by Company Type
3.3 Players Covered: Ranking by Steel Fiber Revenue
3.4 Global Steel Fiber Market Concentration Ratio
3.5 Steel Fiber Key Players Head office and Area Served
3.6 Key Players Steel Fiber Product Solution and Service
3.7 Date of Enter into Steel Fiber Market
3.8 Mergers & Acquisitions, Expansion Plans
4 Steel Fiber Breakdown Data by Type
4.1 Global Steel Fiber Historic Market Size by Type
4.2 Global Steel Fiber Forecasted Market Size by Type
5 Steel Fiber Breakdown Data by Application
5.1 Global Steel Fiber Historic Market Size by Application
5.2 Global Steel Fiber Forecasted Market Size by Application
6 North America
6.1 North America Steel Fiber Market Size
6.2 North America Steel Fiber Market Size by Type
6.3 North America Steel Fiber Market Size by Application
6.4 North America Steel Fiber Market Size by Country
7 Europe
7.1 Europe Steel Fiber Market Size
7.2 Europe Steel Fiber Market Size by Type
7.3 Europe Steel Fiber Market Size by Application
7.4 Europe Steel Fiber Market Size by Country
8 Asia-Pacific
8.1 Asia-Pacific Steel Fiber Market Size
8.2 Asia-Pacific Steel Fiber Market Size by Type
8.3 Asia-Pacific Steel Fiber Market Size by Application
8.4 Asia-Pacific Steel Fiber Market Size by Region
9 Latin America
9.1 Latin America Steel Fiber Market Size
9.2 Latin America Steel Fiber Market Size by Type
9.3 Latin America Steel Fiber Market Size by Application
9.4 Latin America Steel Fiber Market Size by Country
10 Middle East & Africa
10.1 Middle East & Africa Steel Fiber Market Size
10.2 Middle East & Africa Steel Fiber Market Size by Type
10.3 Middle East & Africa Steel Fiber Market Size by Application
10.4 Middle East & Africa Steel Fiber Market Size by Country
11 Key Players Profiles
12 Analyst's Viewpoints/Conclusions
13 Appendix
13.1 Research Methodology
13.2 Disclaimer
Continued....
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