Steel Fiber Market: By Application (Composite, Refractories, and Concrete), By Type (Straight, Deformed, Hooked, and Crimped), By Manufacturing Process (Slit Sheet, Melt Extract, and Cut Wire/Cold Drawn)-Global Industry Analytics, COVID-19 Business Impact, and Trends, 2020 – 2029

                                          
Abstract
                    
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).

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.

The key players influencing the steel fiber industry and profiled in the report include Arcelor Mittal, Bekaert, Green Steel Group, Nippon Seisen, Yuthian Zhitai Steel Fiber Manufacturing, R. STAT, Spajic Doo, Zhejiang Boean Metal Products, Fibrometals, and Hunan Sunshine Steel Fiber.

The global steel fiber market is segmented as follows:

By Type

	
	Hooked
	
	
	Straight
	
	
	Deformed
	
	
	Crimped
	
	
	Others (glued & irregular)
	

By Application

	
	Concrete reinforcement
	
	
	Composite reinforcement
	
	
	Refractories
	
	
	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)
	

By Region

	North America
	
		U.S.
	
	
	Europe
	
		UK
		France
		Germany
	
	
	Asia Pacific
	
		China
		Japan
		India
	
	
	Latin America
	
		Brazil
	
	
	Middle East and Africa