Global Steel Fiber Market was valued US$ 2.07 Bn in 2023 and is expected to reach 3.01 Bn by 2030, at a CAGR of 5.47 % during a forecast period. The steel fibers are the factory-made fibers, which are primarily composed of steel, steel-coated plastic, plastic-coated steel, or a steel core covered with other metals. Growing demand for the product from end-use industries like building and construction, electrical, transportation, and mining are expected to drive the global steel fiber market. The product is mainly used in the concrete reinforcement for substantial properties of steel fiber reinforced concrete (SFRC) like its superior resistance to cracking and crack propagation. The construction sector is beholding rapid growth of the on account of many dynamics of this industry like green buildings, sustainable construction, and emission regulations. These are the factors, which are expected to boost market growth during the forecast period. Furthermore, the high cost related to the operating cost of the product is limiting the growth of the marketTo know about the Research Methodology:-Request Free Sample Report
Steel Fiber Market Segment Analysis:
The report study has analyzed revenue impact of covid-19 pandemic on the sales revenue of market leaders, market followers and disrupters in the report and same is reflected in our analysis. The objective of the report is to present a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, industry-validated market data and projections with a suitable set of assumptions and methodology. The report also helps in understanding dynamics, structure by analysing the market segments by material, type, end-user and region and, project the global steel fiber market. The report also provides a clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the global steel fiber market. The report also provides PEST analysis, PORTER’s analysis, SWOT analysis to address the question of shareholders in arranging the efforts and investment in the near future to a particular market segment. Concrete reinforcement is the main application of steel fiber market. The concrete reinforcement is expected to dominate the global steel fiber market. The supremacy in the market is attributed to the increasing usage of steel fiber in the concrete reinforcement aids in achieving a good barrier to crack and heavy load and tensile strength. Steel fiber is extensively used in the concrete reinforcement in the area of tunnelling, heavy duty pavement, precast, shotcrete, airport runways, and others. The global steel fiber market industry has experienced extraordinary growth from the mergers and acquisitions. Consolidation has touched every sizeable domestic industry and helps in large part by strategic acquirers’ healthy balance sheets and private equity and evade funds that have been able to tap progressively large pools of institutional capital. In 2023, Arcelor Mittal (Europe) declared a three-year investment program for expansion worth USD 1 billion for Mexico.Regional Analysis:
Geographically, Asia-Pacific is expected to dominate the global steel fiber market. This regional market is estimated to grow at a high rate of CAGR in the global steel fiber market owing to the rapidly increasing construction sector. Additionally, the technological advancements in the manufacturing sector on part of the government initiative and rapid expansion of the end-user industries like transportation and electrical are expected to become the key factors, which are driving the regional market growth during the forecast period. Followed by the Asia Pacific, North America is the second major market, in terms of value owing to the growing demand for steel fiber in the incessantly rising reconstruction activities and mining industry in this region, which is also expected to boost the regional market growth during the review period. Steel Fiber Market Industry Ecosystem
Market Key Highlights:
Global Market analysis and forecast, in terms of value. Comprehensive study and analysis of market drivers, restraints and opportunities influencing the growth of the Global Market Global Market segmentation on the basis of type, source, end-user, and region (country-wise) has been provided. Market strategic analysis with respect to individual growth trends, future prospects along with the contribution of various sub-market stakeholders have been considered under the scope of study. Global Market analysis and forecast for five major regions namely North America, Europe, Asia Pacific, the Middle East & Africa (MEA) and Latin America along with country-wise segmentation. Profiles of key industry players, their strategic perspective, market positioning and analysis of core competencies are further profiled. Competitive developments, investments, strategic expansion and competitive landscape of the key players operating in the Global Market are also profiled.Steel Fiber Market Scope: Inquire before buying
Steel Fiber Market Report Coverage Details Base Year: 2023 Forecast Period: 2024-2030 Historical Data: 2018 to 2023 Market Size in 2023: US $ 2.07 Bn. Forecast Period 2024 to 2030 CAGR: 5.47% Market Size in 2030: US $ 3.01 Bn. Segments Covered: by Type Hooked Steel Fiber Straight Steel Fiber Crimped Steel Fiber Deformed Steel Fiber Others by Technology Cut Wire/ Cold Drawn Slit Sheet Melt Extract Others by Application Concrete Reinforcement Composite Reinforcement Refractories Others Steel Fiber Market, by Region
North America (United States, Canada and Mexico) Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe) Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC) Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest) South America (Brazil, Argetina and Rest of South America)Steel Fiber Market Key Players are:
The Steel Fiber market is dominated by key players such as ArcelorMittal, Bekaert, and Nippon Seisen Co., Ltd, each leading the way with advanced Steel Fiber solutions. These companies arrange developments in sustainability, performance, and efficiency through robust R&D efforts. Their strategic alliances and comprehensive product varieties enable them to address varied industrial needs. Their ongoing commitment to invention is their prominent position in the global Steel Fiber sector. 1. Zhejiang Boean Metal Products 2. Green Steel Group 3. R. Stat 4. Stewols India 5. Precision Drawell 6. Fibre Zone 7. Arcelor Mittal 8. Bekaert 9. Fibro Metals 10. Nippon Seisen 11. Spajic Doo 12. Hunan Sunshine Steel Fiber 13. Yutian Zhitai Steel Fiber Manufacturing 14. Nikko Techno 15. Nycon 16. Heng Yang Steel Fiber 17. Kasturi Metal Composites 18. Propex Operating Company 19. Perfect Solution 20. Remix Steel Fiber 21. Intramicron 22. M & J International 23. Sunny Metal 24. Bakul Castings 25. International Steel Wool Corporation Frequently Asked Questions: 1. Which region has the largest share in Global Steel Fiber Market? Ans: Asia Pacific region held the highest share in 2023. 2. What is the growth rate of Global Steel Fiber Market? Ans: The Global Steel Fiber Market is growing at a CAGR of 5.47% during forecasting period 2024-2030. 3. What is scope of the Global Steel Fiber market report? Ans: Global Steel Fiber Market report helps with the PESTEL, PORTER, COVID-19 Impact analysis, Recommendations for Investors & Leaders, and market estimation of the forecast period. 4. Who are the key players in Global Steel Fiber market? Ans: The important key players in the Global Steel Fiber Market are – Zhejiang Boean Metal Products, Green Steel Group, R. Stat, Stewols India, Precision Drawell, Fibre Zone, Arcelor Mittal, Bekaert, Fibro Metals, Nippon Seisen, Spajic Doo, Hunan Sunshine Steel Fiber, Yutian Zhitai Steel Fiber Manufacturing, Nikko Techno, Nycon, Heng Yang Steel Fiber, Kasturi Metal Composites, Propex Operating Company, Perfect Solution, Remix Steel Fiber, Intramicron, M & J International, Sunny Metal, Bakul Castings, and International Steel Wool Corporation. 5. What is the study period of this market? Ans: The Global Steel Fiber Market is studied from 2023 to 2030.
1. Steel Fiber Market: Research Methodology 2. Steel Fiber Market Introduction 2.1. Study Assumption and Market Definition 2.2. Scope of the Study 2.3. Executive Summary 3. Global Steel Fiber Market: Competitive Landscape 3.1. MMR Competition Matrix 3.2. Competitive Landscape 3.3. Key Players Benchmarking 3.3.1. Company Name 3.3.2. Type Segment 3.3.3. End-user Segment 3.3.4. Revenue (2023) 3.3.5. Headquarter 4. Steel Fiber Market: Dynamics 4.1. Steel Fiber Market Trends 4.2. Steel Fiber Market Dynamics 4.2.1.1. Drivers 4.2.1.2. Restraints 4.2.1.3. Opportunities 4.2.1.4. Challenges 4.3. PORTER’s Five Forces Analysis 4.4. PESTLE Analysis 4.5. Technological Roadmap 4.6. Investment Analysis 4.6.1. Key Investment Opportunities in the Steel Fiber Market 4.7. Key Opinion Leader Analysis For Steel Fiber Market 4.8. Regulatory Landscape 5. Steel Fiber Market: Global Market Size and Forecast by Segmentation (by Value in USD Million) (2023-2030) 5.1. Steel Fiber Market Size and Forecast, by Type (2023-2030) 5.1.1. Hooked Steel Fiber 5.1.2. Straight Steel Fiber 5.1.3. Crimped Steel Fiber 5.1.4. Deformed Steel Fiber 5.1.5. Others 5.2. Steel Fiber Market Size and Forecast, by Technology (2023-2030) 5.2.1. Cut Wire/ Cold Drawn 5.2.2. Slit Sheet 5.2.3. Melt Extract 5.2.4. Others 5.3. Steel Fiber Market Size and Forecast, by Application (2023-2030) 5.3.1. Concrete Reinforcement 5.3.2. Composite Reinforcement 5.3.3. Refractories 5.3.4. Others 5.4. Steel Fiber Market Size and Forecast, by Region (2023-2030) 5.4.1. North America 5.4.2. Europe 5.4.3. Asia Pacific 5.4.4. Middle East and Africa 5.4.5. South America 6. North America Steel Fiber Market Size and Forecast by Segmentation (by Value in USD Million) (2023-2030) 6.1. North America Steel Fiber Market Size and Forecast, by Type (2023-2030) 6.1.1. Hooked Steel Fiber 6.1.2. Straight Steel Fiber 6.1.3. Crimped Steel Fiber 6.1.4. Deformed Steel Fiber 6.1.5. Others 6.2. North America Steel Fiber Market Size and Forecast, by Technology (2023-2030) 6.2.1. Cut Wire/ Cold Drawn 6.2.2. Slit Sheet 6.2.3. Melt Extract 6.2.4. Others 6.3. North America Steel Fiber Market Size and Forecast, by Application (2023-2030) 6.3.1. Concrete Reinforcement 6.3.2. Composite Reinforcement 6.3.3. Refractories 6.3.4. Others 6.4. North America Steel Fiber Market Size and Forecast, by Country (2023-2030) 6.4.1. United States 6.4.1.1. United States Steel Fiber Market Size and Forecast, by Type (2023-2030) 6.4.1.1.1. Hooked Steel Fiber 6.4.1.1.2. Straight Steel Fiber 6.4.1.1.3. Crimped Steel Fiber 6.4.1.1.4. Deformed Steel Fiber 6.4.1.1.5. Others 6.4.1.2. United States Steel Fiber Market Size and Forecast, by Technology (2023-2030) 6.4.1.2.1. Cut Wire/ Cold Drawn 6.4.1.2.2. Slit Sheet 6.4.1.2.3. Melt Extract 6.4.1.2.4. Others 6.4.1.3. United States Steel Fiber Market Size and Forecast, by Application (2023-2030) 6.4.1.3.1. Concrete Reinforcement 6.4.1.3.2. Composite Reinforcement 6.4.1.3.3. Refractories 6.4.1.3.4. Others 6.4.2. Canada 6.4.2.1. Canada Steel Fiber Market Size and Forecast, by Type (2023-2030) 6.4.2.1.1. Hooked Steel Fiber 6.4.2.1.2. Straight Steel Fiber 6.4.2.1.3. Crimped Steel Fiber 6.4.2.1.4. Deformed Steel Fiber 6.4.2.1.5. Others 6.4.2.2. Canada Steel Fiber Market Size and Forecast, by Technology (2023-2030) 6.4.2.2.1. Cut Wire/ Cold Drawn 6.4.2.2.2. Slit Sheet 6.4.2.2.3. Melt Extract 6.4.2.2.4. Others 6.4.2.3. Canada Steel Fiber Market Size and Forecast, by Application (2023-2030) 6.4.2.3.1. Concrete Reinforcement 6.4.2.3.2. Composite Reinforcement 6.4.2.3.3. Refractories 6.4.2.3.4. Others 6.4.3. Mexico 6.4.3.1. Mexico Steel Fiber Market Size and Forecast, by Type (2023-2030) 6.4.3.1.1. Hooked Steel Fiber 6.4.3.1.2. Straight Steel Fiber 6.4.3.1.3. Crimped Steel Fiber 6.4.3.1.4. Deformed Steel Fiber 6.4.3.1.5. Others 6.4.3.2. Mexico Steel Fiber Market Size and Forecast, by Technology (2023-2030) 6.4.3.2.1. Cut Wire/ Cold Drawn 6.4.3.2.2. Slit Sheet 6.4.3.2.3. Melt Extract 6.4.3.2.4. Others 6.4.3.3. Mexico Steel Fiber Market Size and Forecast, by Application (2023-2030) 6.4.3.3.1. Concrete Reinforcement 6.4.3.3.2. Composite Reinforcement 6.4.3.3.3. Refractories 6.4.3.3.4. Others 7. Europe Steel Fiber Market Size and Forecast by Segmentation (by Value in USD Million) (2023-2030) 7.1. Europe Steel Fiber Market Size and Forecast, by Type (2023-2030) 7.2. Europe Steel Fiber Market Size and Forecast, by Technology (2023-2030) 7.3. Europe Steel Fiber Market Size and Forecast, by Application (2023-2030) 7.4. Europe Steel Fiber Market Size and Forecast, by Country (2023-2030) 7.4.1. United Kingdom 7.4.1.1. United Kingdom Steel Fiber Market Size and Forecast, by Type (2023-2030) 7.4.1.2. United Kingdom Steel Fiber Market Size and Forecast, by Technology (2023-2030) 7.4.1.3. United Kingdom Steel Fiber Market Size and Forecast, by Application (2023-2030) 7.4.2. France 7.4.2.1. France Steel Fiber Market Size and Forecast, by Type (2023-2030) 7.4.2.2. France Steel Fiber Market Size and Forecast, by Technology (2023-2030) 7.4.2.3. France Steel Fiber Market Size and Forecast, by Application (2023-2030) 7.4.3. Germany 7.4.3.1. Germany Steel Fiber Market Size and Forecast, by Type (2023-2030) 7.4.3.2. Germany Steel Fiber Market Size and Forecast, by Technology (2023-2030) 7.4.3.3. Germany Steel Fiber Market Size and Forecast, by Application (2023-2030) 7.4.4. Italy 7.4.4.1. Italy Steel Fiber Market Size and Forecast, by Type (2023-2030) 7.4.4.2. Italy Steel Fiber Market Size and Forecast, by Technology (2023-2030) 7.4.4.3. Italy Steel Fiber Market Size and Forecast, by Application (2023-2030) 7.4.5. Spain 7.4.5.1. Spain Steel Fiber Market Size and Forecast, by Type (2023-2030) 7.4.5.2. Spain Steel Fiber Market Size and Forecast, by Technology (2023-2030) 7.4.5.3. Spain Steel Fiber Market Size and Forecast, by Application (2023-2030) 7.4.6. Sweden 7.4.6.1. Sweden Steel Fiber Market Size and Forecast, by Type (2023-2030) 7.4.6.2. Sweden Steel Fiber Market Size and Forecast, by Technology (2023-2030) 7.4.6.3. Sweden Steel Fiber Market Size and Forecast, by Application (2023-2030) 7.4.7. Russia 7.4.7.1. Russia Steel Fiber Market Size and Forecast, by Type (2023-2030) 7.4.7.2. Russia Steel Fiber Market Size and Forecast, by Technology (2023-2030) 7.4.7.3. Russia Steel Fiber Market Size and Forecast, by Application (2023-2030) 7.4.8. Rest of Europe 7.4.8.1. Rest of Europe Steel Fiber Market Size and Forecast, by Type (2023-2030) 7.4.8.2. Rest of Europe Steel Fiber Market Size and Forecast, by Technology (2023-2030) 7.4.8.3. Rest of Europe Steel Fiber Market Size and Forecast, by Application (2023-2030) 8. Asia Pacific Steel Fiber Market Size and Forecast by Segmentation (by Value in USD Million) (2023-2030) 8.1. Asia Pacific Steel Fiber Market Size and Forecast, by Type (2023-2030) 8.2. Asia Pacific Steel Fiber Market Size and Forecast, by Technology (2023-2030) 8.3. Asia Pacific Steel Fiber Market Size and Forecast, by Application (2023-2030) 8.4. Asia Pacific Steel Fiber Market Size and Forecast, by Country (2023-2030) 8.4.1. China 8.4.1.1. China Steel Fiber Market Size and Forecast, by Type (2023-2030) 8.4.1.2. China Steel Fiber Market Size and Forecast, by Technology (2023-2030) 8.4.1.3. China Steel Fiber Market Size and Forecast, by Application (2023-2030) 8.4.2. S Korea 8.4.2.1. S Korea Steel Fiber Market Size and Forecast, by Type (2023-2030) 8.4.2.2. S Korea Steel Fiber Market Size and Forecast, by Technology (2023-2030) 8.4.2.3. S Korea Steel Fiber Market Size and Forecast, by Application (2023-2030) 8.4.3. Japan 8.4.3.1. Japan Steel Fiber Market Size and Forecast, by Type (2023-2030) 8.4.3.2. Japan Steel Fiber Market Size and Forecast, by Technology (2023-2030) 8.4.3.3. Japan Steel Fiber Market Size and Forecast, by Application (2023-2030) 8.4.4. India 8.4.4.1. India Steel Fiber Market Size and Forecast, by Type (2023-2030) 8.4.4.2. India Steel Fiber Market Size and Forecast, by Technology (2023-2030) 8.4.4.3. India Steel Fiber Market Size and Forecast, by Application (2023-2030) 8.4.5. Australia 8.4.5.1. Australia Steel Fiber Market Size and Forecast, by Type (2023-2030) 8.4.5.2. Australia Steel Fiber Market Size and Forecast, by Technology (2023-2030) 8.4.5.3. Australia Steel Fiber Market Size and Forecast, by Application (2023-2030) 8.4.6. ASEAN 8.4.6.1. ASEAN Steel Fiber Market Size and Forecast, by Type (2023-2030) 8.4.6.2. ASEAN Steel Fiber Market Size and Forecast, by Technology (2023-2030) 8.4.6.3. ASEAN Steel Fiber Market Size and Forecast, by Application (2023-2030) 8.4.7. Rest of Asia Pacific 8.4.7.1. Rest of Asia Pacific Steel Fiber Market Size and Forecast, by Type (2023-2030) 8.4.7.2. Rest of Asia Pacific Steel Fiber Market Size and Forecast, by Technology (2023-2030) 8.4.7.3. Rest of Asia Pacific Steel Fiber Market Size and Forecast, by Application (2023-2030) 9. Middle East and Africa Steel Fiber Market Size and Forecast by Segmentation (by Value in USD Million) (2023-2030) 9.1. Middle East and Africa Steel Fiber Market Size and Forecast, by Type (2023-2030) 9.2. Middle East and Africa Steel Fiber Market Size and Forecast, by Technology (2023-2030) 9.3. Middle East and Africa Steel Fiber Market Size and Forecast, by Application (2023-2030) 9.4. Middle East and Africa Steel Fiber Market Size and Forecast, by Country (2023-2030) 9.4.1. South Africa 9.4.1.1. South Africa Steel Fiber Market Size and Forecast, by Type (2023-2030) 9.4.1.2. South Africa Steel Fiber Market Size and Forecast, by Technology (2023-2030) 9.4.1.3. South Africa Steel Fiber Market Size and Forecast, by Application (2023-2030) 9.4.2. GCC 9.4.2.1. GCC Steel Fiber Market Size and Forecast, by Type (2023-2030) 9.4.2.2. GCC Steel Fiber Market Size and Forecast, by Technology (2023-2030) 9.4.2.3. GCC Steel Fiber Market Size and Forecast, by Application (2023-2030) 9.4.3. Nigeria 9.4.3.1. Nigeria Steel Fiber Market Size and Forecast, by Type (2023-2030) 9.4.3.2. Nigeria Steel Fiber Market Size and Forecast, by Technology (2023-2030) 9.4.3.3. Nigeria Steel Fiber Market Size and Forecast, by Application (2023-2030) 9.4.4. Rest of ME&A 9.4.4.1. Rest of ME&A Steel Fiber Market Size and Forecast, by Type (2023-2030) 9.4.4.2. Rest of ME&A Steel Fiber Market Size and Forecast, by Technology (2023-2030) 9.4.4.3. Rest of ME&A Steel Fiber Market Size and Forecast, by Application (2023-2030) 10. South America Steel Fiber Market Size and Forecast by Segmentation (by Value in USD Million) (2023-2030) 10.1. South America Steel Fiber Market Size and Forecast, by Type (2023-2030) 10.2. South America Steel Fiber Market Size and Forecast, by Technology (2023-2030) 10.3. South America Steel Fiber Market Size and Forecast, by Application (2023-2030) 10.4. South America Steel Fiber Market Size and Forecast, by Country (2023-2030) 10.4.1. Brazil 10.4.1.1. Brazil Steel Fiber Market Size and Forecast, by Type (2023-2030) 10.4.1.2. Brazil Steel Fiber Market Size and Forecast, by Technology (2023-2030) 10.4.1.3. Brazil Steel Fiber Market Size and Forecast, by Application (2023-2030) 10.4.2. Argentina 10.4.2.1. Argentina Steel Fiber Market Size and Forecast, by Type (2023-2030) 10.4.2.2. Argentina Steel Fiber Market Size and Forecast, by Technology (2023-2030) 10.4.2.3. Argentina Steel Fiber Market Size and Forecast, by Application (2023-2030) 10.4.3. Rest Of South America 10.4.3.1. Rest Of South America Steel Fiber Market Size and Forecast, by Type (2023-2030) 10.4.3.2. Rest Of South America Steel Fiber Market Size and Forecast, by Technology (2023-2030) 10.4.3.3. Rest Of South America Steel Fiber Market Size and Forecast, by Application (2023-2030) 11. Company Profile: Key Players 11.1. Zhejiang Boean Metal Products 11.1.1. Company Overview 11.1.2. Business Portfolio 11.1.3. Financial Overview 11.1.4. SWOT Analysis 11.1.5. Strategic Analysis 11.2. Green Steel Group 11.3. R. Stat 11.4. Stewols India 11.5. Precision Drawell 11.6. Fibre Zone 11.7. Arcelor Mittal 11.8. Bekaert 11.9. Fibro Metals 11.10. Nippon Seisen 11.11. Spajic Doo 11.12. Hunan Sunshine Steel Fiber 11.13. Yutian Zhitai Steel Fiber Manufacturing 11.14. Nikko Techno 11.15. Nycon 11.16. Heng Yang Steel Fiber 11.17. Kasturi Metal Composites 11.18. Propex Operating Company 11.19. Perfect Solution 11.20. Remix Steel Fiber 11.21. Intramicron 11.22. M & J International 11.23. Sunny Metal 11.24. Bakul Castings 11.25. International Steel Wool Corporation 12. Key Findings 13. Analyst Recommendations
