Steel Fibers

Global Steel Fibers Market to Reach US$2.7 Billion by 2030

The global market for Steel Fibers estimated at US$2.1 Billion in the year 2024, is expected to reach US$2.7 Billion by 2030, growing at a CAGR of 4.3% over the analysis period 2024-2030. Hooked, one of the segments analyzed in the report, is expected to record a 4.7% CAGR and reach US$1.8 Billion by the end of the analysis period. Growth in the Straight segment is estimated at 3.9% CAGR over the analysis period.

The U.S. Market is Estimated at US$565.6 Million While China is Forecast to Grow at 7.4% CAGR

The Steel Fibers market in the U.S. is estimated at US$565.6 Million in the year 2024. China, the world`s second largest economy, is forecast to reach a projected market size of US$584.7 Million by the year 2030 trailing a CAGR of 7.4% over the analysis period 2024-2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at a CAGR of 1.1% and 5.0% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 2.1% CAGR.

Global Steel Fibers Market - Key Trends and Drivers Summarized

How Are Steel Fibers Reinforcing Construction and Infrastructure?

Steel fibers are short, discrete lengths of steel used to enhance the strength, durability, and crack resistance of concrete. They are incorporated into concrete mixtures for applications in industrial flooring, tunneling, precast elements, and more. By distributing stress more evenly and increasing tensile strength, steel fibers help concrete structures withstand heavy loads, impacts, and bending stresses. These fibers are available in various shapes, lengths, and surface textures, such as hooked, crimped, or straight, allowing for customized reinforcement solutions tailored to specific engineering requirements. As infrastructure projects demand more resilient and long-lasting materials, the adoption of steel fibers has increased across construction sectors.

What Are the Key Segments in the Steel Fibers Market?

Key types include hooked-end steel fibers, crimped steel fibers, and straight steel fibers, with hooked-end fibers holding the largest market share due to their superior anchorage and bonding properties, making them ideal for high-performance concrete applications. Major applications cover concrete reinforcement in industrial flooring, shotcrete, tunneling, bridge decks, precast components, and pavements, with industrial flooring representing a significant segment driven by the need for high-load capacity in warehouses, factories, and logistics centers. End-use industries include construction, infrastructure, and transportation, with the construction sector leading the market as steel fibers enhance the performance and lifespan of residential, commercial, and industrial structures.

How Are Steel Fibers Integrated Across Construction and Infrastructure Projects?

In industrial flooring, steel fibers are mixed with concrete to create joint-less floors with reduced cracking and improved load-bearing capacity, making them suitable for manufacturing plants, warehouses, and distribution centers. In tunneling, steel fibers are used in shotcrete to stabilize the tunnel lining, providing reinforcement during excavation and ensuring structural integrity. Precast components like pipes, manholes, and panels also use steel fiber-reinforced concrete to improve durability, impact resistance, and bending capacity, supporting safer and longer-lasting infrastructure. Additionally, bridge decks and pavements benefit from steel fibers, which help mitigate cracking caused by thermal expansion, shrinkage, and heavy traffic loads, extending the service life of transportation networks.

What Factors Are Driving the Growth in the Steel Fibers Market?

The growth in the Steel Fibers market is driven by several factors, including increasing demand for reinforced concrete in construction and infrastructure projects where enhanced strength, crack resistance, and durability are critical. Advancements in fiber production technology, such as improved tensile strength, better bonding properties, and optimal shapes, have supported broader adoption across diverse applications. The focus on cost-effective and sustainable reinforcement solutions has further fueled demand, as steel fibers offer a longer lifespan and reduced maintenance costs compared to traditional reinforcement methods. Additionally, rising investments in infrastructure development, urbanization, and transportation projects globally have contributed to market growth, encouraging the integration of steel fibers in concrete reinforcement across sectors.

SCOPE OF STUDY:

The report analyzes the Steel Fibers market in terms of units by the following Segments, and Geographic Regions/Countries:

Segments:
Type (Hooked, Straight, Deformed, Other Types); Application (Slabs & Flooring, Precast, Pavements & Tunneling, Other Applications)

Geographic Regions/Countries:
World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; Spain; Russia; and Rest of Europe); Asia-Pacific (Australia; India; South Korea; and Rest of Asia-Pacific); Latin America (Argentina; Brazil; Mexico; and Rest of Latin America); Middle East (Iran; Israel; Saudi Arabia; United Arab Emirates; and Rest of Middle East); and Africa.

Select Competitors (Total 42 Featured) -

• Arcelor Mittal
• Bekaert
• Cangzhou Daye Metal Fiber Co., Ltd.
• Fabpro Polymers
• Hunan Sunshine Steel Fiber
• Jiangsu Daqi Metal Surface Treatment Co., Ltd
• Junwei Metal Fiber
• Maccaferri SpA
• Nycon
• SIKA
• Spajic Doo
• Stewols India Pvt Ltd
• The Euclid Chemical Company
• Yuthian Zhitai Steel Fiber Manufacturing
• Zhejiang Boean Metal Products

TARIFF IMPACT FACTOR

Our new release incorporates impact of tariffs on geographical markets as we predict a shift in competitiveness of companies based on HQ country, manufacturing base, exports and imports (finished goods and OEM). This intricate and multifaceted market reality will impact competitors by artificially increasing the COGS, reducing profitability, reconfiguring supply chains, amongst other micro and macro market dynamics.

We are diligently following expert opinions of leading Chief Economists (14,949), Think Tanks (62), Trade & Industry bodies (171) worldwide, as they assess impact and address new market realities for their ecosystems. Experts and economists from every major country are tracked for their opinions on tariffs and how they will impact their countries.

We expect this chaos to play out over the next 2-3 months and a new world order is established with more clarity. We are tracking these developments on a real time basis.

As we release this report, U.S. Trade Representatives are pushing their counterparts in 183 countries for an early closure to bilateral tariff negotiations. Most of the major trading partners also have initiated trade agreements with other key trading nations, outside of those in the works with the United States. We are tracking such secondary fallouts as supply chains shift.

To our valued clients, we say, we have your back. We will present a simplified market reassessment by incorporating these changes!

APRIL 2025: NEGOTIATION PHASE

Our April release addresses the impact of tariffs on the overall global market and presents market adjustments by geography. Our trajectories are based on historic data and evolving market impacting factors.

JULY 2025 FINAL TARIFF RESET

Complimentary Update: Our clients will also receive a complimentary update in July after a final reset is announced between nations. The final updated version incorporates clearly defined Tariff Impact Analyses.

Reciprocal and Bilateral Trade & Tariff Impact Analyses:

USA
CHINA
MEXICO
CANADA
EU
JAPAN
INDIA
176 OTHER COUNTRIES.

Leading Economists - Our knowledge base tracks 14,949 economists including a select group of most influential Chief Economists of nations, think tanks, trade and industry bodies, big enterprises, and domain experts who are sharing views on the fallout of this unprecedented paradigm shift in the global econometric landscape. Most of our 16,491+ reports have incorporated this two-stage release schedule based on milestones.

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