Steel Fiber Market Research Study On Revenue, Statistics, Industry Growth, And Demand

[Isha Deshpande]

The global steel fiber market size was USD 2.30 Billion in 2022 and is expected to register a steady revenue CAGR of 4.8% during the forecast period, according to latest analysis by Emergen Research. Rising infrastructural development across various regions and increasing use of steel fibers due to higher tensile strength are key factors driving market revenue growth.

Steel fibers are extensively used along with mesh and steel reinforcing bars in various construction applications owing to their compression, splitting tensile, and flexural strength. Global steel prices reduced by 15%-20% year-on-year in 2022 and fell over 40% in December 2022. According to the forecast by World Steel Association (WSA), the demand for global steel increased by 2.4% in 2023. This can lead to a drop in the prices of steel fibers and therefore can be widely used as a construction material.

The Steel Fiber Market report discusses in detail the global production capacity, demand and supply ratio, market dynamics, and comprehensive analysis of the competitive landscape. It provides an industry-wide analysis of the market share of each players along with their business portfolio, production and manufacturing capacity, product portfolio, business expansion plans, financial standing, and strategic alliances such as mergers and acquisitions, joint ventures, and collaborations, among others.

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Competitive Terrain:

The global Steel Fiber industry is highly consolidated owing to the presence of renowned companies operating across several international and local segments of the market. These players dominate the industry in terms of their strong geographical reach and a large number of production facilities. The companies are intensely competitive against one another and excel in their individual technological capabilities, as well as product development, innovation, and product pricing strategies.

The leading market contenders listed in the report are:

ArcelorMittal, Bekaert, Fibrometals, Nippon Seisen Co., Ltd., Zhejiang Boen metal products Co., Ltd., Green Steel Group, Spajic DOO, Hunan Sunshine Steel Fiber Co., Ltd., Zhitai Steel Fiber Manufacturing Co., Ltd., Hunan Sunshine Steel Fiber Co., Ltd., and R.STAT

Key market aspects studied in the report:

Market Scope: The report explains the scope of various commercial possibilities in the global Steel Fiber market over the upcoming years. The estimated revenue build-up over the forecast years has been included in the report. The report analyzes the key market segments and sub-segments and provides deep insights into the market to assist readers with the formulation of lucrative strategies for business expansion.

Competitive Outlook: The leading companies operating in the Steel Fiber market have been enumerated in this report. This section of the report lays emphasis on the geographical reach and production facilities of these companies. To get ahead of their rivals, the leading players are focusing more on offering products at competitive prices, according to our analysts.

Report Objective: The primary objective of this report is to provide the manufacturers, distributors, suppliers, and buyers engaged in this sector with access to a deeper and improved understanding of the global Steel Fiber market.

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Market Segmentations of the Steel Fiber Market

This market is segmented based on Types, Applications, and Regions. The growth of each segment provides accurate forecasts related to production and sales by Types and Applications, in terms of volume and value for the period between 2022 and 2030. This analysis can help readers looking to expand their business by targeting emerging and niche markets. Market share data is given on both global and regional levels. Regions covered in the report are North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Research analysts assess the market positions of the leading competitors and provide competitive analysis for each company. For this study, this report segments the global Steel Fiber market on the basis of product, application, and region:

Segments Covered in this report are:

• Type Outlook (Revenue, USD Billion; 2019-2032)

  • Hooked
  • Straight
  • Deformed
  • Crimpled
  • Others

• Application Outlook (Revenue, USD Billion; 2019-2032)

  • Concrete Reinforcement
  • Composite Reinforcement
  • Refractories
  • Others

• Manufacturing Process Outlook (Revenue, USD Billion; 2019-2032)

  • Cut Wire/Cold Drawn
  • Slit Sheet
  • Melt Extract
  • Mill Extract
  • Modified Cold Drawn Wire

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Major Geographies Analyzed in the Report:

• North America (U.S., Canada)
• Europe (U.K., Italy, Germany, France, Rest of EU)
• Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
• Latin America (Chile, Brazil, Argentina, Rest of Latin America)
• Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)

ToC of the report:

Chapter 1: Market overview and scope

Chapter 2: Market outlook

Chapter 3: Impact analysis of COVID-19 pandemic

Chapter 4: Competitive Landscape

Chapter 5: Drivers, Constraints, Opportunities, Limitations

Chapter 6: Key manufacturers of the industry

Chapter 7: Regional analysis

Chapter 8: Market segmentation based on type applications

Chapter 9: Current and Future Trends

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