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Steel Fiber Market

Steel Fiber Market Size, Share & Trends Analysis Report

Steel Fiber Market

Published
Report ID : AIMR 1605
Number of pages : 300
Published Date : Mar 2024
Category : Materials
Delivery Timeline : 48 hrs

Global Steel Fiber Market Overview

Steel Fiber Market Size was valued at USD 4.4 Billion in 2022. The Steel Fiber industry is projected to grow from USD 4.49 Billion in 2023 to USD 6.26 Billion by 2032, exhibiting a compound annual growth rate (CAGR) of 4.30% during the forecast period (2023 - 2032). The need for the goods is growing in end-use sectors such as construction & building, electrical power, shipping, and mining, and rising requirements for steel fibers are the key market drivers contributing to overall market growth and development.

Key Companies in the Steel Fiber market include

  • Fibrometals (Romania)

  • Bekaert (Belgium)

  • Nippon Seisen Co. Ltd. (Japan)

  • Green Steel Group (Italy)

  • Ugitech S.A. (France)

  • IntraMicron Inc. (US)

  • Ribbon Technology Corporation (US)

  • HuNan HuiTong Advanced Materials CO LTD

Steel Fiber Industry Developments:

March 2022: In January 2022, Nippon Steel Corporation completed the acquisition of G.J. Steel and G. Steel for $763 million. This strategic move aims to leverage combined experience and resources to introduce both existing and new steel fiber products and services to the market. G.J. Steel Public Corporation Limited, based in Thailand, specializes in manufacturing and selling hot-rolled steel plates in bundles.

October 2021: Bekaert's Dramix® steel fibers, by October 2021, have been instrumental in reducing the carbon footprint of the building sector. Bekaert's commitment to sustainability is exemplified through the use of Dramix® steel fibers, aligning with the company's ambitious sustainability goals.

September 2021: The Tesalia Tunnel in Colombia was reinforced with Bundrex steel fibers, with delivery completed in September 2021. This application of Bundrex steel fibers highlights their effectiveness in enhancing structural strength and durability in critical infrastructure projects.

Steel Fiber Market Segmentation

Steel Fiber Type Outlook

  • Hooked Steel Fiber

  • Straight Steel Fiber

  • Deformed Steel Fiber

Steel Fiber Application Outlook

  • Concrete Reinforcement

  • Composite Reinforcement

Steel Fiber End-Use Outlook

  • Buildings & Construction

  • Transportation

Steel Fiber Regional Outlook

  • North America
    • US
    • Canada
  • Europe
    • Germany
    • France
    • UK
    • Italy
    • Spain
    • Rest of Europe
  • Asia-Pacific
    • China
    • Japan
    • India
    • Australia
    • South Korea
    • Australia
    • Rest of Asia-Pacific
  • Rest of the World
    • Middle East
    • Africa
    • Latin America
 
SUMMARY
VishalSawant
Vishal Sawant
Business Development
vishal@brandessenceresearch.com
+91 8830 254 358
Country
Regions and Country

North America

  • U.S.
  • Canada

Europe

  • Germany
  • France
  • U.K.
  • Italy
  • Spain
  • Sweden
  • Netherlands
  • Turkey
  • Switzerland
  • Belgium
  • Rest of Europe

Asia-Pacific

  • South Korea
  • Japan
  • China
  • India
  • Australia
  • Philippines
  • Singapore
  • Malaysia
  • Thailand
  • Indonesia
  • Rest of APAC

Latin America

  • Mexico
  • Colombia
  • Brazil
  • Argentina
  • Peru
  • Rest of South America

Middle East and Africa

  • Saudi Arabia
  • UAE
  • Egypt
  • South Africa
  • Rest of MEA

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