DUBLIN, Feb. 11, 2019 /PRNewswire/ --
The "Steel Fiber Market by Type (Hooked, Straight, Deformed, Crimped), Application (Concrete, Composite, Refractories), Manufacturing Process (Cut Wire/Cold Drawn, Slit Sheet, Melt Extract), and Region - Global Forecast to 2023" report has been added to ResearchAndMarkets.com's offering.
The steel fiber market size is estimated at USD 2.0 billion in 2018 and is projected to reach USD 2.5 billion by 2023, at a CAGR of 5.0%.
Steel fiber has various properties such as high tensile strength, durability, corrosion resistance, crack resistance, and enhanced shear strength. Due to these properties, steel fiber is used in various applications such as concrete reinforcement, composite reinforcement, refractories, and others. The superior properties offered by steel fiber are leading to the increasing use of steel fiber in the concrete reinforcement application, which is a major factor driving this market. However, the use of synthetic fiber in some applications is restraining the growth of steel fiber market.
"Hooked steel fiber segment is projected to register the highest CAGR between 2018 and 2023."
Based on type, the steel fiber market is segmented into hooked steel fiber, crimped steel fiber, straight steel fiber, deformed steel fiber, and others. Hooked steel fiber is projected to be the fastest-growing segment. The properties offered by this type of steel fiber, such as high tensile strength, crack resistance, durability, and shear strength, are expected to contribute to the growth of this segment during the forecast period.
"Concrete reinforcement is estimated to be the largest consumer of steel fiber."
Concrete reinforcement is a major application of steel fiber market. The steel fiber market is projected to register the highest CAGR in the concrete reinforcement segment during the forecast period. The use of steel fiber in the concrete reinforcement helps in achieving good barrier to crack and heavy load and tensile strength. Steel fiber is used widely in the concrete reinforcement of tunneling, heavy duty pavement, precast, shotcrete, airport runways, and others.
"APAC is projected to dominate the steel fiber market during the forecast period."
The steel fiber market in APAC is projected to register the highest CAGR during the forecast period. This growth can be attributed to the increasing demand from the construction industry. Also, the increasing focus of manufacturers in the APAC region, such as Stewols India (India), Zhejiang Boen Metal Products (China), and Hunan Sunshine (India), is another key factor helping the market growth in the APAC region.
Key Topics Covered:
2 Research Methodology
3 Executive Summary
4 Premium Insights
4.1 Attractive Opportunities in the Steel Fiber Market
4.2 Steel Fiber Market, By Application
4.3 Steel Fiber Market, By Type
4.4 Steel Fiber Market, By Manufacturing Process and Region
4.5 Steel Fiber Market, By Country
5 Market Overview
5.2 Market Dynamics
184.108.40.206 Development of Infrastructure With Supportive Government Policies
220.127.116.11 Superior Properties of Steel Fibers
18.104.22.168 Synthetic Fibers Replacing Steel Fibers in Certain Applications
22.214.171.124 Growing Infrastructure in Developing Countries
126.96.36.199 Difficulty in Processing
5.3 Porter's Five Forces Analysis
6 Steel Fiber Market, By Type
6.2 Hooked Steel Fiber
6.2.1 The Affordability and Easy Availability of Hooked Steel Fiber Drive Its Demand
6.3 Straight Steel Fiber
6.3.1 The Growing Demand for Commercial and Housing Construction is Likely to Propel the Market
6.4 Crimped Steel Fiber
6.4.1 Increasing Construction Activities in China and India are Driving the Demand for Crimped Steel Fiber
6.5 Deformed Steel Fiber
6.5.1 Deformed Steel Fibers Have Low Shrinkage Degree, Which is Boosting their Demand
7 Steel Fiber Market, By Manufacturing Process
7.2 Cut Wire/ Cold Drawn
7.2.1 Cut Wire/ Cold Drawn is the Most Widely Used Manufacturing Process for Steel Fiber
7.3 Slit Sheet
7.3.1 APAC and Europe are the Key Markets for Steel Fiber in the Slit Sheet Segment
7.4 Melt Extract
7.4.1 Increasing Demand for Steel Fiber in Concrete Reinforcement is Driving the Market in This Segment
8 Steel Fiber Market, By Application
8.2 Concrete Reinforcement
8.2.1 Concrete Reinforcement is the Largest Application of Steel Fiber
8.3 Composite Reinforcement
8.3.1 Stainless Steel Fiber is Widely Used in Composite Reinforcement
8.4.1 High Investments in Manufacturing High Heat-Resistant Flasks Used By Mining and Filtration Industries are Propelling the Market in This Segment
9 Steel Fiber Market, By Region
10 Competitive Landscape
10.2 Competitive Scenario
10.2.2 Joint Venture
11 Company Profiles
11.1 Arcelor Mittal
11.3 Fibro Metals
11.4 Nippon Seisen
11.5 Zhejiang Boean Metal Products
11.6 Green Steel Group
11.7 Spajic Doo
11.8 Hunan Sunshine Steel Fiber
11.9 Yutian Zhitai Steel Fiber Manufacturing
11.10 R. Stat
11.11 Other Companies
11.11.1 Stewols India
11.11.2 Precision Drawell
11.11.3 Fibre Zone
11.11.4 Nikko Techno
11.11.6 Heng Yang Steel Fiber
11.11.7 Kasturi Metal Composites
11.11.8 M & J International
11.11.9 Bakul Castings
11.11.10 International Steel Wool Corporation
11.11.11 Propex Operating Company
11.11.12 Perfect Solution
11.11.13 Remix Steel Fiber
11.11.15 Sunny Metal
For more information about this report visit https://www.researchandmarkets.com/research/lw9tfg/global_steel?w=5
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