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Steel Fiber Market by Type (Hooked, Straight, Deformed, Crimped), Application (Concrete, Composite, Refractories), Manufacturing Process (Cut Wire/Cold Drawn, Slit Sheet, Melt Extract), and Region - Global Forecast to 2023

Steel Fiber Market by Type (Hooked, Straight, Deformed, Crimped), Application (Concrete, Composite, Refractories), Manufacturing Process (Cut Wire/Cold Drawn, Slit Sheet, Melt Extract), and Region - Global Forecast to 2023

The steel fiber market is projected to register a CAGR of 5.0%, in terms of value, between 2018 and 2023.
The steel fiber market size is estimated at USD 2.0 billion in 2018 and is projected to reach USD 2.5 billion by 2023, at a CAGR of 5.0%. Steel fiber has various properties such as high tensile strength, durability, corrosion resistance, crack resistance, and enhanced shear strength. Due to these properties, steel fiber is used in various applications such as concrete reinforcement, composite reinforcement, refractories, and others. The superior properties offered by steel fiber are leading to the increasing use of steel fiber in the concrete reinforcement application, which is a major factor driving this market. However, the use of synthetic fiber in some applications is restraining the growth of steel fiber market.

Hooked steel fiber segment is projected to register the highest CAGR between 2018 and 2023.
Based on type, the steel fiber market is segmented into hooked steel fiber, crimped steel fiber, straight steel fiber, deformed steel fiber, and others. Hooked steel fiber is projected to be the fastest-growing segment. The properties offered by this type of steel fiber, such as high tensile strength, crack resistance, durability, and shear strength, are expected to contribute to the growth of this segment during the forecast period.

‘Concrete reinforcement is estimated to be the largest consumer of steel fiber.’’
Concrete reinforcement is a major application of steel fiber market. The steel fiber market is projected to register the highest CAGR in the concrete reinforcement segment during the forecast period. The use of steel fiber in the concrete reinforcement helps in achieving good barrier to crack and heavy load and tensile strength. Steel fiber is used widely in the concrete reinforcement of tunneling, heavy duty pavement, precast, shotcrete, airport runways, and others.


APAC is projected to dominate the steel fiber market during the forecast period.”
The steel fiber market in APAC is projected to register the highest CAGR during the forecast period. This growth can be attributed to the increasing demand from the construction industry. Also, the increasing focus of manufacturers in the APAC region, such as Stewols India (India), Zhejiang Boen Metal Products (China), and Hunan Sunshine (India), is another key factor helping the market growth in the APAC region.
Breakdown of profiles of primary interviewees:

By Company: Tier 1 - 50%, Tier 2 - 25%, and Tier 3 - 25%
By Designation: C level - 42%, Director level - 33%, and Others - 25%
By Region: APAC - 42%, Europe - 33%, North America - 17%, and Rest of the World - 8%

The steel fiber market comprises major manufacturers such as Arcelor Mittal (Luxembourg), Bekaert (Belgium), Fibrometals (Romania), Nippon Seisen (Japan), Zhejiang Boean Metal Products (China), Green Steel Group (Italy), Spajic Doo (Serbia), Hunan Sunshine Steel Fiber (China), Yuthian Zhitai Steel Fiber Manufacturing (China), and R. STAT (Saint-Jean-Bonnefonds). The study includes an in-depth analysis of these key players in the steel fiber market, including profiling of the companies and analyses of the key market strategies.

Research Coverage
This market study aims at estimating the market size and the growth potential of the overall market and the different segments of the market. The Porter’s Five Forces analysis and the key market dynamics, such as drivers, restraints, challenges, and opportunities, influencing the growth of the steel fiber market have been discussed in the report. The report also provides company profiles and competitive benchmarking of major players operating in the market.

Key Benefits of Buying the Report:
The report will help the market leaders/new entrants in this market with information on the closest approximations of the revenue numbers of the overall steel fiber market and its subsegments. This report will help stakeholders understand the competitive landscape and gain more insights to better position their businesses and plan suitable go-to-market strategies. It will also help stakeholders understand the pulse of the market and provide them with information on the key market drivers, restraints, challenges, and opportunities.


  • INTRODUCTION
    • OBJECTIVES OF THE STUDY
    • MARKET DEFINITION
    • MARKET SCOPE
      • YEARS CONSIDERED FOR THE STUDY
    • CURRENCY
    • UNIT CONSIDERED
    • LIMITATIONS
    • STAKEHOLDERS
  • RESEARCH METHODOLOGY
    • RESEARCH DATA
      • SECONDARY DATA
      • PRIMARY DATA
    • MARKET SIZE ESTIMATION
      • BOTTOM-UP APPROACH
      • TOP-DOWN APPROACH
    • DATA TRIANGULATION
    • ASSUMPTIONS
  • EXECUTIVE SUMMARY
    • Table STEEL FIBER MARKET SIZE, 2016-2023
  • PREMIUM INSIGHTS
    • ATTRACTIVE OPPORTUNITIES IN THE STEEL FIBER MARKET
    • STEEL FIBER MARKET, BY APPLICATION
    • STEEL FIBER MARKET, BY TYPE
    • STEEL FIBER MARKET, BY MANUFACTURING PROCESS AND REGION
    • STEEL FIBER MARKET, BY COUNTRY
  • MARKET OVERVIEW
    • INTRODUCTION
    • MARKET DYNAMICS
      • DRIVERS
      • RESTRAINTS
      • OPPORTUNITIES
      • CHALLENGES
    • PORTER'S FIVE FORCES ANALYSIS
      • THREAT OF NEW ENTRANTS
      • THREAT OF SUBSTITUTES
      • BARGAINING POWER OF SUPPLIERS
      • BARGAINING POWER OF BUYERS
      • INTENSITY OF COMPETITIVE RIVALRY
  • STEEL FIBER MARKET, BY TYPE
    • INTRODUCTION
      • Table STEEL FIBER MARKET SIZE, BY TYPE, 2016-2023 (USD MILLION)
      • Table STEEL FIBER MARKET SIZE, BY TYPE, 2016-2023 (KILOTON)
    • HOOKED STEEL FIBER
      • THE AFFORDABILITY AND EASY AVAILABILITY OF HOOKED STEEL FIBER DRIVE ITS DEMAND
        • Table HOOKED STEEL FIBER MARKET SIZE, BY REGION, 2016-2023 (KILOTON)
        • Table HOOKED STEEL FIBER MARKET SIZE, BY REGION, 2016-2023 (USD MILLION)
    • STRAIGHT STEEL FIBER
      • THE GROWING DEMAND FOR COMMERCIAL AND HOUSING CONSTRUCTION IS LIKELY TO PROPEL THE MARKET
        • Table STRAIGHT STEEL FIBER MARKET SIZE, BY REGION, 2016-2023 (KILOTON)
        • Table STRAIGHT STEEL FIBER MARKET SIZE, BY REGION, 2016-2023 (USD MILLION)
    • CRIMPED STEEL FIBER
      • INCREASING CONSTRUCTION ACTIVITIES IN CHINA AND INDIA ARE DRIVING THE DEMAND FOR CRIMPED STEEL FIBER
        • Table CRIMPED STEEL FIBER MARKET SIZE, BY REGION, 2016-2023 (KILOTON)
        • Table CRIMPED STEEL FIBER MARKET SIZE, BY REGION, 2016-2023 (USD MILLION)
    • DEFORMED STEEL FIBER
      • DEFORMED STEEL FIBERS HAVE LOW SHRINKAGE DEGREE, WHICH IS BOOSTING THEIR DEMAND
        • Table DEFORMED STEEL FIBER MARKET SIZE, BY REGION, 2016-2023 (KILOTON)
        • Table DEFORMED STEEL FIBER MARKET SIZE, BY REGION, 2016-2023 (USD MILLION)
    • OTHERS
      • Table OTHER STEEL FIBERS MARKET SIZE, BY REGION, 2016-2023 (KILOTON)
      • Table OTHER STEEL FIBERS MARKET SIZE, BY REGION, 2016-2023 (USD MILLION)
  • STEEL FIBER MARKET, BY MANUFACTURING PROCESS
    • INTRODUCTION
      • Table STEEL FIBER MARKET SIZE, BY MANUFACTURING PROCESS, 2016-2023 (KILOTON)
      • Table STEEL FIBER MARKET SIZE, BY MANUFACTURING PROCESS, 2016-2023 (USD MILLION)
    • CUT WIRE/ COLD DRAWN
      • CUT WIRE/ COLD DRAWN IS THE MOST WIDELY USED MANUFACTURING PROCESS FOR STEEL FIBER
        • Table CUT WIRE/ COLD DRAWN MARKET SIZE FOR STEEL FIBER, BY REGION, 2016-2023 (KILOTON)
        • Table CUT WIRE/ COLD DRAWN MARKET SIZE FOR STEEL FIBER, BY REGION, 2016-2023 (USD MILLION)
    • SLIT SHEET
      • APAC AND EUROPE ARE THE KEY MARKETS FOR STEEL FIBER IN THE SLIT SHEET SEGMENT
        • Table SLIT SHEET MARKET SIZE FOR STEEL FIBER, BY REGION, 2016-2023 (KILOTON)
        • Table SLIT SHEET MARKET SIZE FOR STEEL FIBER, BY REGION, 2016-2023 (USD MILLION)
    • MELT EXTRACT
      • INCREASING DEMAND FOR STEEL FIBER IN CONCRETE REINFORCEMENT IS DRIVING THE MARKET IN THIS SEGMENT
        • Table MELT EXTRACT MARKET SIZE FOR STEEL FIBER, BY REGION, 2016-2023 (KILOTON)
        • Table MELT EXTRACT MARKET SIZE FOR STEEL FIBER, BY REGION, 2016-2023 (USD MILLION)
    • OTHERS
      • Table STEEL FIBER MARKET SIZE IN OTHERS SEGMENT, BY REGION, 2016-2023 (KILOTON)
      • Table STEEL FIBER MARKET SIZE IN OTHERS SEGMENT, BY REGION, 2016-2023 (USD MILLION)
  • STEEL FIBER MARKET, BY APPLICATION
    • INTRODUCTION
      • Table STEEL FIBER MARKET SIZE, BY APPLICATION, 2016-2023 (KILOTON)
      • Table STEEL FIBER MARKET SIZE, BY APPLICATION, 2016-2023 (USD MILLION)
    • CONCRETE REINFORCEMENT
      • CONCRETE REINFORCEMENT IS THE LARGEST APPLICATION OF STEEL FIBER
        • Table STEEL FIBER MARKET SIZE IN CONCRETE REINFORCEMENT APPLICATION, BY REGION, 2016-2023 (KILOTON)
        • Table STEEL FIBER MARKET SIZE IN CONCRETE REINFORCEMENT APPLICATION, BY REGION, 2016-2023 (USD MILLION)
    • COMPOSITE REINFORCEMENT
      • STAINLESS STEEL FIBER IS WIDELY USED IN COMPOSITE REINFORCEMENT
        • Table STEEL FIBER MARKET SIZE IN COMPOSITE REINFORCEMENT APPLICATION, BY REGION, 2016-2023 (KILOTON)
        • Table STEEL FIBER MARKET SIZE IN COMPOSITE REINFORCEMENT APPLICATION, BY REGION, 2016-2023 (USD MILLION)
    • REFRACTORIES
      • HIGH INVESTMENTS IN MANUFACTURING HIGH HEAT-RESISTANT FLASKS USED BY MINING AND FILTRATION INDUSTRIES ARE PROPELLING THE MARKET IN THIS SEGMENT
        • Table STEEL FIBER MARKET SIZE IN REFRACTORIES APPLICATION, BY REGION, 2016-2023 (KILOTON)
        • Table STEEL FIBER MARKET SIZE IN REFRACTORIES APPLICATION, BY REGION, 2016-2023 (USD MILLION)
    • OTHERS
      • Table STEEL FIBER MARKET SIZE IN OTHER APPLICATIONS, BY REGION, 2016-2023 (KILOTON)
      • Table STEEL FIBER MARKET SIZE IN OTHER APPLICATIONS, BY REGION, 2016-2023 (USD MILLION)
  • STEEL FIBER MARKET, BY REGION
    • INTRODUCTION
    • APAC
      • Table APAC: STEEL FIBER MARKET SIZE, BY TYPE, 2016-2023 (KILOTON)
      • Table APAC: STEEL FIBER MARKET SIZE, BY TYPE, 2016-2023 (USD MILLION)
      • Table APAC: STEEL FIBER MARKET SIZE, BY APPLICATION, 2016-2023 (KILOTON)
      • Table APAC: STEEL FIBER MARKET SIZE, BY APPLICATION, 2016-2023 (USD MILLION)
      • APAC: STEEL FIBER MARKET, BY COUNTRY
        • Table APAC: STEEL FIBER MARKET SIZE, BY COUNTRY, 2016-2023 (KILOTON)
        • Table APAC: STEEL FIBER MARKET SIZE, BY COUNTRY, 2016-2023 (USD MILLION)
    • EUROPE
      • Table EUROPE: STEEL FIBER MARKET SIZE, BY TYPE, 2016-2023 (KILOTON)
      • Table EUROPE: STEEL FIBER MARKET SIZE, BY TYPE, 2016-2023 (USD MILLION)
      • Table EUROPE: STEEL FIBER MARKET SIZE, BY APPLICATION, 2016-2023 (KILOTON)
      • Table EUROPE: STEEL FIBER MARKET SIZE, BY APPLICATION, 2016-2023 (USD MILLION)
      • EUROPE: STEEL FIBER MARKET, BY COUNTRY
        • Table EUROPE: STEEL FIBER MARKET SIZE, BY COUNTRY, 2016-2023 (KILOTON)
        • Table EUROPE: STEEL FIBER MARKET SIZE, BY COUNTRY, 2016-2023 (USD MILLION)
    • NORTH AMERICA
      • NORTH AMERICA: STEEL FIBER MARKET, BY TYPE
        • Table NORTH AMERICA: STEEL FIBER MARKET SIZE, BY TYPE, 2016-2023 (KILOTON)
        • Table NORTH AMERICA: STEEL FIBER MARKET SIZE, BY TYPE, 2016-2023 (USD MILLION)
        • Table NORTH AMERICA: STEEL FIBER MARKET SIZE, BY APPLICATION, 2016-2023 (KILOTON)
        • Table NORTH AMERICA: STEEL FIBER MARKET SIZE, BY APPLICATION, 2016-2023 (USD MILLION)
        • Table NORTH AMERICA: STEEL FIBER MARKET SIZE, BY COUNTRY, 2016-2023 (KILOTON)
        • Table NORTH AMERICA: STEEL FIBER MARKET SIZE, BY COUNTRY, 2016-2023 (USD MILLION)
    • LATIN AMERICA
      • Table LATIN AMERICA: STEEL FIBER MARKET SIZE, BY TYPE, 2016-2023 (KILOTON)
      • Table LATIN AMERICA: STEEL FIBER MARKET SIZE, BY TYPE, 2016-2023 (USD MILLION)
      • Table LATIN AMERICA: STEEL FIBER MARKET SIZE, BY APPLICATION, 2016-2023 (KILOTON)
      • Table LATIN AMERICA: STEEL FIBER MARKET SIZE, BY APPLICATION, 2016-2023 (USD MILLION)
      • LATIN AMERICA: STEEL FIBER MARKET, BY COUNTRY
        • Table LATIN AMERICA: STEEL FIBER MARKET SIZE, BY COUNTRY, 2016-2023 (KILOTON)
        • Table LATIN AMERICA: STEEL FIBER MARKET SIZE, BY COUNTRY, 2016-2023 (USD MILLION)
    • MEA
      • Table MEA: STEEL FIBER MARKET SIZE, BY TYPE, 2016-2023 (KILOTON)
      • Table MEA: STEEL FIBER MARKET SIZE, BY TYPE, 2016-2023 (USD MILLION)
      • Table MEA: STEEL FIBER MARKET SIZE, BY APPLICATION, 2016-2023 (KILOTON)
      • Table MEA: STEEL FIBER MARKET SIZE, BY APPLICATION, 2016-2023 (USD MILLION)
      • MEA: STEEL FIBER MARKET, BY COUNTRY
        • Table MEA: STEEL FIBER MARKET SIZE, BY COUNTRY, 2016-2023 (KILOTON)
        • Table MEA: STEEL FIBER MARKET SIZE, BY COUNTRY, 2016-2023 (USD MILLION)
  • COMPETITIVE LANDSCAPE
    • INTRODUCTION
    • COMPETITIVE SCENARIO
      • EXPANSION
        • Table EXPANSION, 2014-2018
      • JOINT VENTURE
        • Table JOINT VENTURE, 2014-2018
  • COMPANY PROFILES
    • ARCELOR MITTAL
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • RECENT DEVELOPMENTS
      • SWOT ANALYSIS
      • MNM VIEW
    • BEKAERT
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • RECENT DEVELOPMENTS
      • SWOT ANALYSIS
      • MNM VIEW
    • FIBRO METALS
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • SWOT ANALYSIS
      • MNM VIEW
    • NIPPON SEISEN
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • SWOT ANALYSIS
      • MNM VIEW
    • ZHEJIANG BOEAN METAL PRODUCTS
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • SWOT ANALYSIS
      • MNM VIEW
    • GREEN STEEL GROUP
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • SWOT ANALYSIS
      • MNM VIEW
    • SPAJIC DOO
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • MNM VIEW
    • HUNAN SUNSHINE STEEL FIBER
      • BUSINESS OVERVIEW
      • (C) PRODUCTS OFFERED
      • MNM VIEW
    • YUTIAN ZHITAI STEEL FIBER MANUFACTURING
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • MNM VIEW
    • R. STAT
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • MNM VIEW
    • OTHER COMPANIES
      • STEWOLS INDIA
      • PRECISION DRAWELL
      • FIBRE ZONE
      • NIKKO TECHNO
      • NYCON
      • HENG YANG STEEL FIBER
      • KASTURI METAL COMPOSITES
      • M & J INTERNATIONAL
      • BAKUL CASTINGS
      • INTERNATIONAL STEEL WOOL CORPORATION
      • PROPEX OPERATING COMPANY
      • PERFECT SOLUTION
      • REMIX STEEL FIBER
      • INTRAMICRON
      • SUNNY METAL
  • APPENDIX
    • DISCUSSION GUIDE
    • KNOWLEDGE STORE: MARKETSANDMARKETS SUBSCRIPTION PORTAL
    • AVAILABLE CUSTOMIZATIONS
    • RELATED REPORTS
    • AUTHOR DETAILS

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