Steel Fiber Global Market Report 2022

Steel Fiber Global Market Report 2022 from The Business Research Company provides the strategists, marketers and senior management with the critical information they need to assess the global steel fiber market.This report focuses on steel fiber market which is experiencing strong growth. The report gives a guide to the steel fiber market which will be shaping and changing our lives over the next ten years and beyond, including the markets response to the challenge of the global pandemic.

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Where is the largest and fastest growing market for the steel fiber? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The Steel Fiber market global report from the Business Research Company answers all these questions and many more.

The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography. It places the market within the context of the wider steel fiber market, and compares it with other markets.

• The market characteristics section of the report defines and explains the market.
• The market size section gives the market size ($b) covering both the historic growth of the market, the influence of the COVID-19 virus and forecasting its growth.
• Market segmentations break down market into sub markets.
• The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
• Competitive landscape gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
• The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.
• The steel fiber market section of the report gives context. It compares the steel fiber market with other segments of the steel fiber market by size and growth, historic and forecast. It analyses GDP proportion, expenditure per capita, steel fiber indicators comparison.

Scope

Markets Covered: 1) By Type: Hooked; Straight; Deformed; Crimped

2) By Application: Concrete Reinforcement; Composite Reinforcement; Refractories

3) By End User: Polymer; Chemical; Pharmaceutical; Aircraft/Maritime/Machine; Measuring & Instrumentation Devices; Others

Companies Mentioned: Arcelor Mittal; Bekaert; Fibrometals; Nippon Seisen; Zhejiang Boean Metal Products

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

Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa

Time series: Five years historic and ten years forecast.

Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,

Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.

Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.

Executive Summary

Major players in the steel fiber market are 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.

The global steel fiber market 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 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 market is expected to reach $2.87 billion in 2026 at a CAGR of 9.06%.

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.

The steel fiber market covered in this report is segmented by type into hooked; straight; deformed; crimped. Hooked steel fiber quality base steel bar has excellent mechanical properties including high tensile strength. The hooked steel fiber is in large demand in the construction industries in comparison to other types. The market is segmented by application: concrete reinforcement; composite reinforcement; and refractories. The various end user segments are: polymer; chemical; pharmaceutical; aircraft/maritime/machine; measuring & instrumentation devices; and others.

Asia pacific was the largest region in the steel fiber market in 2021. Asia pacific is expected to be the fastest-growing region in the forecast period. The regions covered in this report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

Growth in the construction industry is expected to propel the growth of the steel fiber market. The construction industry deals with the building of houses, bridges, and other buildings. Steel fiber is widely used in construction and civil engineering materials due to its superior properties such as high impact resistance, greater fatigue survival, long lifespan, and reduced maintenance costs. It is used in many applications such as parking lots, playgrounds, airport runways, taxiways, maintenance hangars, access roads, and workshops. According to the World Bank and McKinsey estimates, the global expenditure from the construction industry is expected to grow by 47% reaching $14 trillion by 2025. Therefore, rapid growth in the construction industry drives the steel fiber market.

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. For instance, in 2020, N.V. Bekaert S.A, a Belgium-based provider of steel wire transformation and coatings, announced a significant collaboration investment in CCL, a UK-based company that is providing specialized engineered solutions for structures around the world. This collaboration is aimed to commercialize a new concrete reinforcing system for on-grade and elevated slab applications.

In January 2022, Nippon Steel Corporation, a Japan-based company that manufactures steel products such as steel plates, steel pipes, and structural steel, acquired G J Steel and G Steel, for $763 million. Through this acquisition, Nippon Steel Corporation intends to create value by combining expertise and resources in offering existing and new steel fiber products and solutions to the market. The G J Steel Public Company Limited is a Thailand-based company engaged in producing and selling hot-rolled steel sheets in coils.

The countries covered in the Steel Fiber market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.