DUBLIN--(BUSINESS WIRE)--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 was 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.
The key drivers identified for the steel fiber market are growing infrastructure and supportive government policies. The restraining factor identified is the replacement of steel fibers with synthetic fibers in certain applications and increasing cost. The market for steel fiber is competitive and is mainly dominated by the established players. The setting up of a manufacturing unit requires high investment, which makes the entry of new players difficult. The threat of substitutes is high some substitute materials are available which can match steel fibers, in terms of performance and cost.
Key Topics Covered:
1 Introduction
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
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.1.1 Development of Infrastructure With Supportive Government Policies
5.2.1.2 Superior Properties of Steel Fibers
5.2.2 Restraints
5.2.2.1 Synthetic Fibers Replacing Steel Fibers in Certain Applications
5.2.3 Opportunities
5.2.3.1 Growing Infrastructure in Developing Countries
5.2.4 Challenges
5.2.4.1 Difficulty in Processing
5.3 Porter's Five Forces Analysis
6 Steel Fiber Market, By Type
6.1 Introduction
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
6.6 Others
7 Steel Fiber Market, By Manufacturing Process
7.1 Introduction
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
7.5 Others
8 Steel Fiber Market, By Application
8.1 Introduction
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 Refractories
8.4.1 High Investments in Manufacturing High Heat-Resistant Flasks Used By Mining and Filtration Industries are Propelling the Market in This Segment
8.5 Others
9 Steel Fiber Market, By Region
10 Competitive Landscape
10.1 Introduction
10.2 Competitive Scenario
10.2.1 Expansion
10.2.2 Joint Venture
11 Company Profiles
11.1 Arcelor Mittal
11.2 Bekaert
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
11.11.5 Nycon
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
11.11.14 Intramicron
11.11.15 Sunny Metal
For more information about this report visit https://www.researchandmarkets.com/research/xb9xnf/2_5_bn_steel?w=4
