Steel Fiber Market Demand | Growth Strategy and Industry Development to 2027
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 Demand 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 Demand 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 Steel
Fiber market demand 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 demand 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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