Learn about the global steel fiber market through The Business Research Company, which provides information on steel fiber market size, steel fiber market drivers and restraints, steel fiber market players, the COVID-19 impact on the steel fiber market, and more.

The global steel fiber market size is expected to grow from $1.89 billion in 2021 to $2.03 billion in 2022 at a compound annual growth rate (CAGR) of 7.29%. The growth in the market is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The global steel fiber market is expected to reach $2.87 billion in 2026 at a CAGR of 9.06%.

The rapid growth in the construction industry drives the steel fiber market.

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The steel fiber market consists of sales of steel fibers by entities (organizations, sole traders, and partnerships) that are distinct, short lengths of steel that can be randomly and quickly mixed in fresh concrete that is available in different forms. Steel fibers strengthen the concrete by resisting tensile cracking and are used to replace traditional reinforcement in certain non-structural applications as well as minimize cracking. Steel fibers have good impact strength, high load-bearing capability after being cracked, good ductility, and high resistance.

Global Steel Fiber Market Segments Include:

By Type: Hooked, Straight, Deformed, Crimped

By Application: Concrete Reinforcement, Composite Reinforcement, Refractories

By End-User: Polymer, Chemical, Pharmaceutical, Aircraft/Maritime/Machine, Measuring and Instrumentation Devices, Others

By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, Asia Pacific was the largest region in the steel fiber market in 2021.

Strategic collaborations between companies are a key trend gaining popularity in the steel fiber market. Companies manufacturing steel fiber are undergoing partnerships and collaborations to develop new technologies and products.

TBRC’s Steel Fiber Market Report Covers:

Major Market Players: Arcelor Mittal, Bekaert, Fibrometals, Nippon Seisen, Zhejiang Boean Metal Products, Green Steel group, Spajic Doo, Hunan Susshine Steel Fiber, Yuthian Zhitai Steel fiber Mnufacturing, R.STAT, Ugitech S.A, Intra Micron Inc, Kosteel Co. Ltd, Junwei Metal Fiber, Maccaferri SpA, The Euclid Chemical Company, Henan Green Polymer Co. Ltd, Nycon, Jiangsu Daqi Metal Surface Treatment Co. Ltd, Fabpro Polymers, Cangzhou Daye Metal Fiber Co. Ltd., Onward Chemicals Pvt. Ltd, Ribbon Technology Corporation, Fibercon International Inc, and Onward Chemicals Pvt. Ltd.

Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.

Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

Time Series: Five years historic (2016-21) and ten years forecast (2022-2026-2031)

The Steel Fiber Global Market Report 2022 –Market Size, Trends, And Global Forecast 2022-2026 is one of a series of new reports from The Business Research Company that provides steel fiber market overviews, analyzes and forecasts market size, share, steel fiber market players, steel fiber market segments and geographies, leading competitor revenues, profiles and market shares.

TBRC’s steel fiber market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.

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