The Steel fiber market is estimated at USD 1.96 billion in 2024 and is projected to reach USD 2.44 billion by 2029, at a CAGR of 4.5% from 2024 to 2029. Increasing construction and infrastructural development across Asia Pacific, Middle East & Africa is increasing the demand for steel fibers.
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Steel fibers are thin, elongated steel strands measuring 0.5-1.5mm in diameter and up to 50mm in length. They are added to concrete, mortar, or shotcrete mixtures to increase their tensile strength, toughness, and crack resistance. The fibers are randomly distributed throughout the matrix, generating a three-dimensional network of reinforcement that minimizes crack propagation and increases the overall durability and load-bearing capability of the composite material.
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China, India, and other Southeast Asian countries are seeing steady population growth. The need for residential and commercial structures rises in tandem with population growth. Steel fiber reinforced concrete is an ideal choice for high-rise buildings and other constructions that demand more structural strength and crack resistance than conventional materials. As a result, it has become a preferred option for such constructions.
Builders, architects, and engineers are adopting sustainable construction methods. Steel fibers manufactured from recycled steel are a better alternative to synthetic fibers. Steel fibers require fewer repairs, which reduces resource use.
The usage of conventional materials like synthetic and glass fibers, which have been around for a while and are well-known to engineers and contractors for use in concrete reinforcement, is one of the main factors restricting the expansion of the steel fiber trade. This familiarity may cause one to favor different kinds of reinforcing materials. Because the benefits of steel fibers over conventional materials are not well known, traditional materials are being used in construction projects.
Research & development spending in the fields of manufacturing technologies and material science is expanding quickly. This opens up new possibilities for improving the mechanical characteristics of steel fibers.
A current research focus is on the investigation of high-performance steel fibers in combination with silica fumes or fly ash. It is anticipated that this combination will improve the concrete's flowability and mechanical qualities. Furthermore, it has been demonstrated that adding nano-silica enhances the mechanical qualities of steel fiber reinforced concrete even more.
Despite efforts to increase their resilience, steel fibers are susceptible to corrosion. Their corrosion resistance may be impacted by the manufacturing method; melt extract or cold-drawn wire are less resistant to corrosion than mill-cut fibers. Corrosion can also be caused by the kind of steel fiber that is utilized, the existence of chloride ions, and the surface and size of the fibers. Important players in the steel fiber industry must make significant investments in R&D to create new and enhanced corrosion-resistant steel fibers in order to address this problem.
The use of steel fiber in composite reinforcement aims to improve the mechanical characteristics of composite materials, including their toughness, strength, and stiffness. Because steel fibers offer better anchoring between fibers and the matrix, they are frequently utilized in composite reinforcement, which improves pull-out resistance and structural performance. Specialized steel fibers with hooks are preferred because of their anchoring systems. Due to the importance of this application segment in a variety of industries needing high durability and tensile strength, steel fiber demand in composite reinforcement applications has expanded. Applications for reinforced composite are found in the sports and leisure and textile industries. It has a very low water-absorbent quality and is recyclable. Stainless steel fiber is utilized for reinforcing in composites.
Numerous end-use industries, including refractories, composite reinforcement, and concrete reinforcement, use hooked end steel fibers. In these application areas, the product's overall structural integrity is improved through the employment of hooked end steel fiber. These fibers find employment in a variety of settings, including equipment foundations, blast-resistant concrete, airport pavements, and industrial slabs. Generally, hooked end steel fiber has a density of 7.8 g/cm3. Depending on the production technique and the alloy used to create the hooked steel fiber, the density may change slightly.
Pulling steel wire through a die reduces the diameter of the wire, producing higher mechanical properties, dimensional accuracy, and surface finish in cold-drawn steel fiber. Excellent surface finishes and precise tolerances are provided by this cost-effective technique for a range of applications. Cold drawing provides better dimensional tolerance, surface finish, and precision than alternative manufacturing processes like hot extrusion. Hooked steel fibers are often made from cold-drawn fibers due to their excellent pullout behavior and bonding.
The major markets for steel fiber are in Asia Pacific, followed by North America and Europe. The rising urbanization and industrialization of the Asia Pacific region, coupled with significant expenditures in the building and construction sector, are the primary drivers of market expansion. An additional driver of economic expansion is the growing populace of China and India. The purchasing power parity (PPP) measure of the global gross domestic product (GDP) places the region at nearly one-third of the total.
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The Steel fiber market is dominated by a few globally established players. The major active players in the market are Bekaert (Belgium), ArcelorMittal (Luxembourg), Nippon Seisen Co., Ltd. (Japan), Fibrometals (Romania), Sika AG (Switzerland), Jiangsu Shagang Group Co., Ltd. (China), Zhejiang Boen Metal Products Co., Ltd. (China), Green Steel Group (Italy), Spajic Doo (Serbia), Kosteel Co., Ltd. (South Korea), Severstal (Russia), Enviromesh Pty Ltd. (Australia), Hunan Shuanxing Steel Fiber Co., Ltd., and Kerakoll SPA (Italy), among others, are the main producers who have won significant contracts recently. Since global requirements are changing, contracts and new product development have received the majority of attention.
These companies are attempting to establish themselves in the Steel fiber market by employing a range of inorganic and organic approaches. A thorough competitive analysis of these major Steel fiber market participants is included in the research, along with information on their company profiles, most recent advancements, and important market strategies.
Report Metric
Details
Market size available for years
2020 –2029
Base year considered
2023
Forecast period
2024 –2029
Units considered
Value (USD Million), Volume (Kiloton)
Segments Covered
By Type, By Application, By Manufacturing Process, and By Region You will get efficient and thoughtful service from well.
Geographies covered
Europe, North America, Asia Pacific, Latin America, Middle East, and Africa
Companies covered
Bekaert (Belgium), ArcelorMittal (Luxembourg), Nippon Seisen (Japan), Fibrometals (Romania), Sika AG (Switzerland), Jiangsu Shagang Group (China), Zhejiang Boen Metal Products Co., Ltd. (China), Green Steel Group (Italy), Spajic Doo (Serbia), Kosteel Co., Ltd. (South Korea), Severstal (Russia), Enviromesh Pty ltd. (Australia), Hunan Shuanxing Steel Fiber Co., Ltd. (China), and Kerakoll SPA (Italy).
The study categorizes the steel fiber market based on Type, Application, Manufacturing Process, and Region.
Which are the major companies in the Steel fiber market? What are their major strategies to strengthen their market presence?
Some of the key players in the Steel fiber market are Bekaert (Belgium), ArcelorMittal (Luxembourg), Nippon Seisen Co., Ltd. (Japan), Fibrometals (Romania), Sika AG (Switzerland), Jiangsu Shagang Group Co., Ltd.(China), Zhejiang Boen Metal Products Co., Ltd. (China), Green Steel Group (Italy), Spajic Doo (Serbia), Kosteel Co., Ltd. (South Korea), Severstal (Russia), Enviromesh Pty ltd. (Australia), Hunan Shuanxing Steel Fiber Co., Ltd. (China), and Kerakoll SPA (Italy) are the key manufacturers that secured contracts deals in the last few years. Contracts and deals were the key strategies adopted by these companies to strengthen their position in the Steel fiber market.
What are the drivers and opportunities for the Steel fiber market?
Increasing demand for steel fibers in the construction & building industry, while the ongoing R&D in advancing manufacturing techniques to provide an opportunity for the market to grow.
Which region is expected to hold the highest market share?
Asia Pacific Steel fiber market has been experiencing growth and significant industry demand. Asia Pacific is experiencing increased investments in infrastructural developments, contributing to the increasing adoption of Steel fiber products.
What is the total CAGR expected to be recorded for the Steel fiber market during 2024-2029?
The CAGR is expected to record a CAGR of 4.5% from 2024-2029
How is the Steel fiber market aligned?
The market is growing at a considerable pace. The market is a highly consolidated market, and many manufacturers are planning business strategies to expand their existing production capacities of Steel fiber. .
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Attractive Opportunities in Steel Fiber Market Trends
Steel fiber market Dynamics
Driver: Increasing demand for steel fibers in construction & building industry
Restraint: Surge in use of glass and synthetic fibers
Opportunity: Research and development of new manufacturing techniques
Challenge: Susceptibility of steel fibers to corrosion
Ecosystem: Steel fiber market
Based on the Application, the composite reinforcement application segment is estimated to account for the highest CAGR in the Steel fiber market share during the forecast period.
Based on type, Hooked type is anticipated to register the highest CAGR in the Steel fiber market.
Based on manufacturing process, cold drawn is anticipated to register the highest CAGR in the Steel fiber market.
Asia Pacific to hold the largest market share during the forecast period.
Key Market Players
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Recent Developments
Frequently Asked Questions (FAQ):
shear steel fiber , before cutting, a special small slitting machine is used to cut the thin cold rolled coil into strip coils. The width of strip coils is the same as the length of steel fiber, and then the strip coils are continuously fed into a rotating cutter or ordinary punch to cut them off. The axis of the rotating cutter is perpendicular to the feed direction of the thin plate. The raw material for production is cold rolled steel plate which is generally annealed. Unannealed cold rolled steel plate can also be used to improve the strength.
1. Type: Shear type2. Specification:32/35*2.5*0.93. Materials: Low Carbon Steel4. Grade:Mild steel and plain iron5. Standard: ASTM A8201) Design for your engineering2) Produce high quality products3) Professional foreign trade teamQ: Are you trading company or manufacturer?A: We are factory.Q: How long is your delivery time?A: Generally it is 7-15 days if the goods are in stock.or it is 15-30 days if the goods are not in stock, it is according to quantity.Q: Do you provide samples ? is it free or extra?A: Yes, we could offer the sample for free charge but do not pay the cost of freight.Q: What is your terms of payment ?A: Payment<=1000USD, 100% in advance. Payment>=1000USD, 30% T/T in advance,balance before shippment.Chemical Analysis :
Address:
Yuecun, Zhengzhou, Henan, China
Business Type:
Manufacturer/Factory
Business Range:
Manufacturing & Processing Machinery
Management System Certification:
ISO 9001
Company Introduction:
Zhengzhou Xuanhua Steel Fiber Co., Ltd. is located at the intersection of Zhengdeng Express Road and Xinzheng Airport Yingbin Avenue, Lugou Industrial Park. The company was established in June 2010 in Zhengzhou, Henan Province, is China′s professional production of steel fiber enterprises, is the national heat-resistant stainless steel fiber production base.
With advanced production technology, professional testing equipment (Oxford Instruments and INNOV-X ALPHA alloy analyzer) and perfect management system, our company has passed ISO9001 international quality management system certification. The company now has an advanced level of melting, shearing and cold drawing complete production system, advanced steel fiber production equipment, complete product specifications, and has an annual output of 1, 000 tons of processing and production capacity.
Our company′s products melt corrosion resistant hot steel fiber: #304, #310, #330, #446
Melting heat resistant stainless steel fiber application
#304: When there is a temperature gradient, the temperature of most of the refractory castable liner should be below 980 ° C. Thermal shock and mechanical shock are the main causes of premature failure.
#310: When there is a temperature gradient, part of the refractory castable liner is allowed to work at 1100º C.
#330: This fiber maintains strength at high temperatures, allowing the refractory castable lining to come into contact with superheated temperatures.
#446: It can be used effectively in high sulfur atmospheres, such as coke ovens. Fused heat-resistant
Our new refractory stainless steel fiber reduces its diameter to only 0.3mm while increasing its toughness. This ensures excellent adhesion to the substrate and greatly reduces the oxidation space within the refractory
Shear steel fiber: Straight type, bow type, corrugated type The addition of shear steel fiber to concrete can prevent the occurrence and development of the original cracks in concrete, eliminate or reduce the number and scale of the primary micro-cracks, greatly improve the cracking and seepage resistance of concrete, improve the toughness of concrete, and thus extend the service life of concrete
The steel fiber produced by our company is widely used in metallurgical industry, cement industry, petrochemical industry, construction industry, other important engineering projects, the product sales network covers many provinces and cities across the country, and has participated in the construction of large-scale engineering projects for many times, has been listed as a qualified supplier by a number of institutions, with a number of fixed customers, products deeply trusted.
Contact us to discuss your requirements of crimped steel fiber. Our experienced sales team can help you identify the options that best suit your needs.