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.
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
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 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
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