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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

  • ID: 4746795
  • Report
  • Region: Global
  • 104 Pages
  • Markets and Markets
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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%

FEATURED COMPANIES

  • Arcelor Mittal
  • Fibre Zone
  • Heng Yang Steel Fiber
  • M & J International
  • Nycon
  • Propex Operating Company
  • MORE

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.

Note: Product cover images may vary from those shown
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FEATURED COMPANIES

  • Arcelor Mittal
  • Fibre Zone
  • Heng Yang Steel Fiber
  • M & J International
  • Nycon
  • Propex Operating Company
  • MORE

1 Introduction
1.1 Objectives of the Study
1.2 Market Definition
1.3 Market Scope
1.3.1 Years Considered for the Study
1.4 Currency
1.5 Unit Considered
1.6 Limitations
1.7 Stakeholders

2 Research Methodology
2.1 Research Data
2.1.1 Secondary Data
2.1.1.1 Key Data From Secondary Sources
2.1.2 Primary Data
2.1.2.1 Key Data From Primary Sources
2.1.2.2 Key Industry Insights
2.1.2.3 Breakdown of Primary Interviews
2.2 Market Size Estimation
2.2.1 Bottom-Up Approach
2.2.2 Top-Down Approach
2.3 Data Triangulation
2.4 Assumptions

3 Executive Summary

4 Premium Insights
4.1 Attractive Opportunities in the Steel Fiber Market
4.2 Steel Fiber Market, By Application
4.3 Steel Fiber Market, By Type
4.4 Steel Fiber Market, By Manufacturing Process and Region
4.5 Steel Fiber Market, By Country

5 Market Overview
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.1.1 Development of Infrastructure With Supportive Government Policies
5.2.1.2 Superior Properties of Steel Fibers
5.2.2 Restraints
5.2.2.1 Synthetic Fibers Replacing Steel Fibers in Certain Applications
5.2.3 Opportunities
5.2.3.1 Growing Infrastructure in Developing Countries
5.2.4 Challenges
5.2.4.1 Difficulty in Processing
5.3 Porter’s Five Forces Analysis
5.3.1 Threat of New Entrants
5.3.2 Threat of Substitutes
5.3.3 Bargaining Power of Suppliers
5.3.4 Bargaining Power of Buyers
5.3.5 Intensity of Competitive Rivalry

6 Steel Fiber Market, By Type
6.1 Introduction
6.2 Hooked Steel Fiber
6.2.1 The Affordability and Easy Availability of Hooked Steel Fiber Drive Its Demand
6.3 Straight Steel Fiber
6.3.1 The Growing Demand for Commercial and Housing Construction is Likely to Propel the Market
6.4 Crimped Steel Fiber
6.4.1 Increasing Construction Activities in China and India are Driving the Demand for Crimped Steel Fiber
6.5 Deformed Steel Fiber
6.5.1 Deformed Steel Fibers Have Low Shrinkage Degree, Which is Boosting their Demand
6.6 Others

7 Steel Fiber Market, By Manufacturing Process
7.1 Introduction
7.2 Cut Wire/ Cold Drawn
7.2.1 Cut Wire/ Cold Drawn is the Most Widely Used ]Manufacturing Process for Steel Fiber
7.3 Slit Sheet
7.3.1 APAC and Europe are the Key Markets for Steel Fiber in the Slit Sheet Segment
7.4 Melt Extract
7.4.1 Increasing Demand for Steel Fiber in Concrete Reinforcement is Driving the Market in This Segment
7.5 Others

8 Steel Fiber Market, By Application
8.1 Introduction
8.2 Concrete Reinforcement
8.2.1 Concrete Reinforcement is the Largest Application of Steel Fiber
8.3 Composite Reinforcement
8.3.1 Stainless Steel Fiber is Widely Used in Composite Reinforcement
8.4 Refractories
8.4.1 High Investments in Manufacturing High Heat-Resistant Flasks Used By Mining and Filtration Industries are Propelling the Market in This Segment
8.5 Others

9 Steel Fiber Market, By Region
9.1 Introduction
9.2 APAC
9.2.1 APAC: Steel Fiber Market, By Country
9.2.1.1 China
9.2.1.1.1 China is the Fastest-Growing Market for Steel Fiber at the Global Level
9.2.1.2 Japan
9.2.1.2.1 High Demand in Concrete Reinforcement Application is Driving the Market in Japan
9.2.1.3 India
9.2.1.3.1 The Concrete Reinforcement Application is Triggering the Demand for Steel Fiber in India
9.2.1.4 Australia & New Zealand
9.2.1.4.1 Increasing Demand From the Construction Industry is Driving the Steel Fiber Market in Australia & New Zealand
9.2.1.5 South Korea
9.2.1.5.1 Increasing Demand From Construction & Infrastructure Industry is Witnessed in the Country
9.3 Europe
9.3.1 Europe: Steel Fiber Market, By Country
9.3.1.1 Germany
9.3.1.1.1 Germany is the Largest Manufacturer of Steel Fiber in Europe
9.3.1.2 Uk
9.3.1.2.1 There is A High Demand for Hooked and Straight Steel Fibers in the Uk
9.3.1.3 France
9.3.1.3.1 The Use of Steel Fiber for Various Applications in the Construction Industry is Triggering the Market
9.3.1.4 Italy
9.3.1.4.1 Italy has A Diversified Construction and Infrastructure Industry
9.3.1.5 Spain
9.3.1.5.1 Spain is an Emerging Country in the European Steel Fiber Market
9.3.1.6 Russia
9.3.1.6.1 The Increasing Use of Steel Fiber in Various Construction Applications is Driving the Market in the Country
9.4 North America
9.4.1 North America: Steel Fiber Market, By Type
9.4.1.1 US
9.4.1.1.1 US Dominates the Steel Fiber Market in North America
9.4.1.2 Canada
9.4.1.2.1 Growth in Construction Industry is Driving the Market
9.5 Latin America
9.5.1 Latin America: Steel Fiber Market, By Country
9.5.1.1 Brazil
9.5.1.1.1 Brazil Dominates the Steel Fiber Market in Latin America
9.5.1.2 Mexico
9.5.1.2.1 The Market in Mexico is Projected to Witness High Growth
9.5.1.3 Argentina
9.5.1.3.1 Argentina is the Fastest-Growing Steel Fiber Market in Latin America
9.6 MEA
9.6.1 MEA: Steel Fiber Market, By Country
9.6.1.1 Saudi Arabia
9.6.1.1.1 Saudi Arabia is the Fastest-Growing Steel Fiber Market in the MEA
9.6.1.2 UAE
9.6.1.2.1 UAE is A Fast-Growing Steel Fiber Market in the MEA
9.6.1.3 South Africa
9.6.1.3.1 South Africa is A Prominent Steel Fiber Market

10 Competitive Landscape
10.1 Introduction
10.2 Competitive Scenario
10.2.1 Expansion
10.2.2 Joint Venture

11 Company Profiles
11.1 Arcelor Mittal
11.2 Bekaert
11.3 Fibro Metals
11.4 Nippon Seisen
11.5 Zhejiang Boean Metal Products
11.6 Green Steel Group
11.7 Spajic Doo
11.8 Hunan Sunshine Steel Fiber
11.9 Yutian Zhitai Steel Fiber Manufacturing
11.10 R. Stat
11.11 Other Companies
11.11.1 Stewols India
11.11.2 Precision Drawell
11.11.3 Fibre Zone
11.11.4 Nikko Techno
11.11.5 Nycon
11.11.6 Heng Yang Steel Fiber
11.11.7 Kasturi Metal Composites
11.11.8 M & J International
11.11.9 Bakul Castings
11.11.10 International Steel Wool Corporation
11.11.11 Propex Operating Company
11.11.12 Perfect Solution
11.11.13 Remix Steel Fiber
11.11.14 Intramicron
11.11.15 Sunny Metal

12 Appendix
12.1 Discussion Guide
12.2 Knowledge Store: Subscription Portal
12.3 Available Customizations
12.4 Related Reports
12.5 Author Details

List of Tables
Table 1 Steel Fiber Market Size, 2016–2023
Table 2 Steel Fiber Market Size, By Type, 2016-2023 (USD Million)
Table 3 Steel Fiber Market Size, By Type, 2016-2023 (Kiloton)
Table 4 Hooked Steel Fiber Market Size, By Region, 2016-2023 (Kiloton)
Table 5 Hooked Steel Fiber Market Size, By Region, 2016-2023 (USD Million)
Table 6 Straight Steel Fiber Market Size, By Region, 2016-2023 (Kiloton)
Table 7 Straight Steel Fiber Market Size, By Region, 2016-2023 (USD Million)
Table 8 Crimped Steel Fiber Market Size, By Region, 2016-2023 (Kiloton)
Table 9 Crimped Steel Fiber Market Size, By Region, 2016-2023 (USD Million)
Table 10 Deformed Steel Fiber Market Size, By Region, 2016-2023 (Kiloton)
Table 11 Deformed Steel Fiber Market Size, By Region, 2016-2023 (USD Million)
Table 12 Other Steel Fibers Market Size, By Region, 2016-2023 (Kiloton)
Table 13 Other Steel Fibers Market Size, By Region, 2016-2023 (USD Million)
Table 14 Steel Fiber Market Size, By Manufacturing Process, 2016-2023 (Kiloton)
Table 15 Steel Fiber Market Size, By Manufacturing Process, 2016-2023 (USD Million)
Table 16 Cut Wire/ Cold Drawn Market Size for Steel Fiber, By Region, 2016-2023 (Kiloton)
Table 17 Cut Wire/ Cold Drawn Market Size for Steel Fiber, By Region, 2016-2023 (USD Million)
Table 18 Slit Sheet Market Size for Steel Fiber, By Region, 2016-2023 (Kiloton)
Table 19 Slit Sheet Market Size for Steel Fiber, By Region, 2016-2023 (USD Million)
Table 20 Melt Extract Market Size for Steel Fiber, By Region, 2016-2023 (Kiloton)
Table 21 Melt Extract Market Size for Steel Fiber, By Region, 2016-2023 (USD Million)
Table 22 Steel Fiber Market Size in Others Segment, By Region, 2016-2023 (Kiloton)
Table 23 Steel Fiber Market Size in Others Segment, By Region, 2016-2023 (USD Million)
Table 24 Steel Fiber Market Size, By Application, 2016–2023 (Kiloton)
Table 25 Steel Fiber Market Size, By Application, 2016–2023 (USD Million)
Table 26 Steel Fiber Market Size in Concrete Reinforcement Application, By Region, 2016–2023 (Kiloton)
Table 27 Steel Fiber Market Size in Concrete Reinforcement Application, By Region, 2016–2023 (USD Million)
Table 28 Steel Fiber Market Size in Composite Reinforcement Application, By Region, 2016–2023 (Kiloton)
Table 29 Steel Fiber Market Size in Composite Reinforcement Application, By Region, 2016–2023 (USD Million)
Table 30 Steel Fiber Market Size in Refractories Application, By Region, 2016–2023 (Kiloton)
Table 31 Steel Fiber Market Size in Refractories Application, By Region, 2016–2023 (USD Million)
Table 32 Steel Fiber Market Size in Other Applications, By Region, 2016–2023 (Kiloton)
Table 33 Steel Fiber Market Size in Other Applications, By Region, 2016–2023 (USD Million)
Table 34 APAC: Steel Fiber Market Size, By Type, 2016–2023 (Kiloton)
Table 35 APAC: Steel Fiber Market Size, By Type, 2016–2023 (USD Million)
Table 36 APAC: Steel Fiber Market Size, By Application, 2016–2023 (Kiloton)
Table 37 APAC: Steel Fiber Market Size, By Application, 2016–2023 (USD Million)
Table 38 APAC: Steel Fiber Market Size, By Country, 2016–2023 (Kiloton)
Table 39 APAC: Steel Fiber Market Size, By Country, 2016–2023 (USD Million)
Table 40 Europe: Steel Fiber Market Size, By Type, 2016–2023 (Kiloton)
Table 41 Europe: Steel Fiber Market Size, By Type, 2016–2023 (USD Million)
Table 42 Europe: Steel Fiber Market Size, By Application, 2016–2023 (Kiloton)
Table 43 Europe: Steel Fiber Market Size, By Application, 2016–2023 (USD Million)
Table 44 Europe: Steel Fiber Market Size, By Country, 2016–2023 (Kiloton)
Table 45 Europe: Steel Fiber Market Size, By Country, 2016–2023 (USD Million)
Table 46 North America: Steel Fiber Market Size, By Type, 2016–2023 (Kiloton)
Table 47 North America: Steel Fiber Market Size, By Type, 2016–2023 (USD Million)
Table 48 North America: Steel Fiber Market Size, By Application, 2016–2023 (Kiloton)
Table 49 North America: Steel Fiber Market Size, By Application,2016–2023 (USD Million)
Table 50 North America: Steel Fiber Market Size, By Country, 2016–2023 (Kiloton)
Table 51 North America: Steel Fiber Market Size, By Country, 2016–2023 (USD Million)
Table 52 Latin America: Steel Fiber Market Size, By Type, 2016–2023 (Kiloton)
Table 53 Latin America: Steel Fiber Market Size, By Type, 2016–2023 (USD Million)
Table 54 Latin America: Steel Fiber Market Size, By Application, 2016–2023 (Kiloton)
Table 55 Latin America: Steel Fiber Market Size, By Application, 2016–2023 (USD Million)
Table 56 Latin America: Steel Fiber Market Size, By Country, 2016–2023 (Kiloton)
Table 57 Latin America: Steel Fiber Market Size, By Country, 2016–2023 (USD Million)
Table 58 MEA: Steel Fiber Market Size, By Type, 2016–2023 (Kiloton)
Table 59 MEA: Steel Fiber Market Size, By Type, 2016–2023 (USD Million)
Table 60 MEA: Steel Fiber Market Size, By Application, 2016–2023 (Kiloton)
Table 61 MEA: Steel Fiber Market Size, By Application, 2016–2023 (USD Million)
Table 62 MEA: Steel Fiber Market Size, By Country, 2016–2023 (Kiloton)
Table 63 MEA: Steel Fiber Market Size, By Country, 2016–2023 (USD Million)
Table 64 Expansion, 2014–2018
Table 65 Joint Venture, 2014–2018 77

List of Figures
Figure 1 Steel Fiber Market: Research Design
Figure 2 Market Size Estimation: Bottom-Up Approach
Figure 3 Market Size Estimation: Top-Down Approach
Figure 4 Steel Fiber Market: Data Triangulation
Figure 5 Concrete Reinforcement Was the Leading Application of Steel Fiber in 2017
Figure 6 Hooked Steel Fiber to Register Highest Cagr in Overall Steel Fiber Market
Figure 7 Cut Wire/Cold Drawn Manufacturing Process Accounted for the Largest Share of the Overall Market in 2017
Figure 8 China is Expected to Register the Highest Cagr
Figure 9 APAC to Register the Highest Cagr
Figure 10 Growth of Construction Industry Projected to Drive the Steel Fiber Market Between 2018 and 2023
Figure 11 Concrete Reinforcement to Lead the Overall Steel Fiber Market
Figure 12 Hooked Segment to Dominate the Overall Steel Fiber Market
Figure 13 Cut Wire/Cold Drawn Accounted for the Maximum Share of the Steel Fiber Market
Figure 14 China to Register Highest Cagr in the Steel Fiber Market
Figure 15 Drivers, Restraints, Opportunities, and Challenges: Steel Fiber Market
Figure 16 Steel Fiber Market: Porter’s Five Forces Analysis
Figure 17 Hooked Segment to Lead the Steel Fiber Market
Figure 18 Cut Wire/ Cold Drawn to Be the Leading Manufacturing Process for Steel Fiber
Figure 19 APAC to Lead the Market in the Cut Wire/ Cold Drawn Segment
Figure 20 Concrete Reinforcement Application to Dominate the Steel Fiber Market
Figure 21 China to Be the Fastest-Growing Steel Fiber Market
Figure 22 APAC: Steel Fiber Market Snapshot
Figure 23 Europe: Steel Fiber Market Snapshot
Figure 24 North America: Steel Fiber Market Snapshot
Figure 25 Brazil is the Largest Steel Fiber Market in Latin America
Figure 26 UAE to Be the Largest Steel Fiber Market in MEA
Figure 27 Companies Adopted Acquisition as the Key Growth Strategy Between 2014 and 2018
Figure 28 Arcelor Mittal: Company Snapshot
Figure 29 Arcelor Mittal: Swot Analysis
Figure 30 Bekaert: Company Snapshot
Figure 31 Bekaert: Swot Analysis
Figure 32 Fibro Metals: Company Snapshot
Figure 33 Fibro Metals: Swot Analysis
Figure 34 Nippon Seisen: Company Snapshot
Figure 35 Nippon Seisen: Swot Analysis
Figure 36 Zhejiang Boean Metal Products: Swot Analysis
Figure 37 Green Steel Group: Swot Analysis

Note: Product cover images may vary from those shown
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  • Arcelor Mittal
  • Bekaert
  • Fibro Metals
  • Nippon Seisen
  • Zhejiang Boean Metal Products
  • Green Steel Group
  • Spajic Doo
  • Hunan Sunshine Steel Fiber
  • Yutian Zhitai Steel Fiber Manufacturing
  • R. Stat
  • 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
Note: Product cover images may vary from those shown
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