Steel Fiber Market Report 2026

The steel fiber market size has grown strongly in recent years. It will grow from $2.49 billion in 2025 to $2.69 billion in 2026 at a compound annual growth rate (CAGR) of 8%. The growth in the historic period can be attributed to rising use of steel fibers in construction sector, growth in concrete infrastructure projects, increasing demand from refractory materials industry, advancements in fiber manufacturing techniques, expansion of composite materials applications.

The steel fiber market size is expected to see strong growth in the next few years. It will grow to $3.58 billion in 2030 at a compound annual growth rate (CAGR) of 7.5%. The growth in the forecast period can be attributed to growing adoption in high-rise and commercial construction, rising use in marine and aircraft composite materials, increasing demand for specialty fibers with improved tensile strength, expansion in industrial and chemical applications, development of innovative steel fiber designs for enhanced durability. Major trends in the forecast period include increasing adoption in concrete reinforcement applications, rising use in composite reinforcement materials, growth in specialty hooked and deformed fibers, expansion in refractory applications, demand for high-performance steel fibers with enhanced ductility.

The growth of the construction industry is expected to drive the expansion of the steel fiber market. The construction industry involves the building of houses, bridges, and other structures. Steel fiber is extensively used in construction and civil engineering materials due to its superior properties, including high impact resistance, greater fatigue durability, long service life, and lower maintenance costs. It finds applications in parking lots, playgrounds, airport runways, taxiways, maintenance hangars, access roads, and workshops. For example, in February 2025, the Office for National Statistics, a UK-based government department, reported that total annual construction output increased by 0.4% in 2024 compared with 2023. Consequently, the rapid growth of the construction industry is driving the steel fiber market.

Leading companies in the steel fiber market are focusing on developing sustainable products to reduce environmental impact. Sustainable steel fiber refers to steel fibers used in construction and manufacturing that are produced, utilized, and disposed of in an environmentally responsible and resource-efficient manner, promoting long-term sustainability while minimizing environmental harm. For example, in January 2023, HiPer Fiber LLC, a US-based provider of high-quality, affordable steel fibers, introduced HiPer fiber, an innovative type of steel fiber. This product is designed to significantly improve the performance of ultra-high-performance concrete (UHPC) and other applications requiring high strength and fiber elongation.

In October 2025, NV Bekaert SA, a Belgium-based steel fiber products provider, partnered with IKK Mateenbar to develop hybrid concrete reinforcement solutions. Through this collaboration, NV Bekaert and IKK Mateenbar aim to produce durable, corrosion-resistant concrete reinforcement systems by combining steel fibers with GFRP, supporting applications such as industrial floors, pavements, roads, rafts, and precast elements across the Middle East and North Africa. IKK Mateenbar is a Saudi Arabia-based manufacturer specializing in GFRP reinforcement systems for construction and infrastructure projects.

Major companies operating in the steel fiber market report are Arcelor Mittal SA, N. V. Bekaert S. A., Fibro Metals SRL, Nippon Seisen Co. Ltd., Zhejiang Boean Metal Products Co. Ltd., Green Steel Poland Sp. z o. o., Spajic Doo, Hunan Sunshine steel fiber co. Ltd., Yuthian Zhitai Steel fiber Manufacturing Co. Ltd., Ugitech S. A, Intra Micron Inc., Kosteel Co. Ltd., Junwei Metal Fiber Co. Ltd., Maccaferri SpA, The Euclid Chemical Company, Nycon Corp., Jiangsu Daqi Metal Surface Treatment Co. Ltd., Fabpro Polymers Inc., Cangzhou Daye Metal Fiber Co. Ltd., Onward Chemicals Pvt. Ltd., Ribbon Technology Corporation, Fibercon International Inc., Stewols India Ltd., Bekaert Corporation, Euclid Chemical Co., Steelcon Pty Ltd., Hengyang Steel Fiber Co. Limited, Steel Wire Corporation of America, Zibo Tenran Steel Fiber Co. Ltd.

Asia-Pacific was the largest region in the steel fiber market in 2025. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the steel fiber market are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the steel fiber market are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The steel fiber market consists of sales of single hooked, wad, crescent, and straight. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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