Steel Fiber Market Growth | Demand, Revenue, Development, Future Analysis, Business Prospects
Market Overview
The manufactured fibers which mainly
composed of steel, metal-coated plastic, plastic-coated steel, or a steel core.
The steel fibers are generally produced from the steel alone or in combination
with other substances. The filaments below 100 µm in diameter are considered as
fibers. The product exhibits substantial physical and electrical properties
such as high corrosion and thermal resistance good electric and heat
conductivity, and excellent Electromagnetic Interference (EMI) shielding
capabilities. These types of metal fibers are widely used throughout various
consumer and industrial applications such as construction, transportation, and
mining.
Based on type, the global Steel Fiber Market Growth has
been segmented into hooked steel fiber, straight steel fiber, deformed steel
fiber, and crimped steel fiber. The hooked steel fiber held the largest share
of this market owing high demand for the product in the concrete reinforcement
for building bridges, hydraulic structures, high pavements, and explosion
resistance structures.
By application, the market is
categorized into concrete reinforcement, composite reinforcement, and
refractories. Among these applications, the concrete reinforcement segment
accounted for the largest market share in 2017. This mainly attributed to the
substantially high demand for the product in reducing the negative impacts of
brittleness of a concrete and in turn increase the overall strength of the
structure. Owing to the high thermal stability of the steel fibers, it has
significantly used in manufacturing refractories.
On the basis of end-use, the global
steel fiber market growth has been categorized into buildings &
construction, transportation, mining and tunneling, flooring and pavement, and
others. The buildings and construction industry is the largest consumer of
steel fibers owing to various structural and functional benefits such as high
strength, resistance to shock and vibrations, shielding against EMI and RFI.
Market Segmentation
The global global Steel
Fibers For Concrete has been segmented on the basis of type, application,
end-use, and region.
Based on type, the global steel fiber
market has been segregated into hooked steel fiber, straight steel fiber,
deformed steel fiber, and crimped steel fiber.
By application, the market has been
categorized into concrete reinforcement, composite reinforcement, and
refractories.
On the basis of end-use, the market
has been divided into buildings & construction, transportation, mining and
tunneling, flooring and pavement, and others.
The global steel fiber market has
been studied with respect to five regions—Asia-Pacific, North America, Europe,
Latin America, and the Middle East & Africa.
Regional Analysis
The global steel fiber market has
been studied with respect to five regions—Asia-Pacific, North America, Europe,
Latin America, and the Middle East & Africa. The market in Asia-Pacific is
anticipated to grow at a highest CAGR owing to the rising product demand in the
building & construction, transportation and electrical industries. North
America is expected to witness significant growth during the forest period.
This is mainly due to the growing demand for the product in the reconstruction
activities.
Competitive Analysis
The leading players in the global
steel fiber market growth are 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. (China), R. STAT SAS (France), and Fibercon
International Inc. (US), among others.
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