Steel Fiber Market by Type (Hooked Steel Fiber, Straight Steel Fiber, Crimped Steel Fiber, Deformed Steel Fiber), by Processing Method (Cut Wire/ Cold Drawn, Slit Sheet, Melt Extract), by Application (Concrete Reinforcement, Composite Reinforcement, Refractories), by Region (North America, Asia Pacific, Europe, Middle East & Africa, South America) – Global Forecast 2020 to 2027

Steel Fiber Market - Global Industry Analysis and Forecast 2020 to 2027

Steel Fiber Market: Summary

The Global Steel Fiber Market is projected to reach a value of over USD 3.1 billion by 2027 at a CAGR of around 5.1%.

Steel Fiber is composed of steel, steel-coated plastic, plastic-coated steel, or a steel core covered with other metals. Steel fibres are added to mortar, Portland cement concrete or refractory concrete, to increase the flexural strength from 25% to 100% depending on the proportion of fibres added and the mix design. The superior physical and electrical properties of the steel fibers are high corrosion and thermal resistance, good electric and heat conductivity, and excellent Electromagnetic Interference (EMI) shielding capabilities. The stainless-steel fibers are widely used throughout various consumer and industrial applications such as construction, transportation, and mining.

Steel Fiber Market

Steel Fiber Market: Drivers & Challenges

Market Driver:

  • Development of Infrastructure With Supportive Government Policies

The increasing infrastructural activity in developed and developing countries, the commercial building as well as construction on roads & highways have witnessed huge investment. These infrastructural activities enhancement the demand for steel fiber materials due to it is a cost-effective and long-lasting solution. Infrastructure sector is a key driver for the all counties economy. The sector is highly responsible for propelling any country overall development and enjoys intense focus from the Government for initiating policies that would ensure time-bound creation of world-class infrastructure. The developing and developed countries are investing to secure long-term future growth, and their aim toward socio-economic benefits is supporting the growth of the steel fiber market. For Instance, India requires investment worth USD 777.73 billion in infrastructure by 2022 to have sustainable development in the country. This is expected to create a huge market opportunity for the key players in the steel fiber market. 

Market Restraint:

  • Synthetic Fibers Replacing Steel Fibers In Certain Applications

Synthetic fibers are made from small molecules synthesized polymers. The substances used to produce such fibres are extracted from raw materials such as chemicals based on petroleum or petrochemicals. Steel fiber and synthetic fiber have entirely different properties. For airport runways, steel fibers are used, but for individual projects, synthetic fibers are also used. Steel fibers have a high modulus and a high resistance in traction, which means they are not effective against cracks, while the synthetic fibers have a low Young modulus ranging between 3 and 5GPa and are reactive to potential cracks at an early stage. Moreover, certain disadvantages associated with steel fiber such as concrete strength and corrosion hampering the market growth up to a certain extent.

Steel Fiber Market: Key Segments

  • Segmentation based on type: Hooked Steel Fiber, Straight Steel Fiber, Crimped Steel Fiber, Deformed Steel Fiber, and Others
  • Segmentation based on processing method: Cut Wire/ Cold Drawn, Slit Sheet, Melt Extract, and Others
  • Segmentation based on application: Concrete Reinforcement, Composite Reinforcement, Refractories, and Others
  • Segmentation based on region covers: North America, Asia-Pacific, Europe, Middle East & Africa and South America, with individual country-level analysis.

Steel Fiber Market: Report Scope

The report on the Steel Fiber market covers a deep dive analysis of historic, recent and current market trends. Furthermore, market share/ranking analysis of key players, market dynamics, competition landscape, country-wise analysis for each region covered and the entire supply chain dynamics are covered through the below segmentation.

Report Features


Historical/Estimated/Forecasted Market Size Years


Base Year for Market Calculation


Forecasted Period

2021-2027 (2021 estimated year, forecasted up to 2027)

Measured Units

Value (USD Million) and Volume (Kiloton)

Segments Included

Type, Manufacturing Process, Application, and Region

Regional Coverage

North America, Asia-Pacific, Europe, Middle East & Africa, South America

Key Companies Covered

  • ArcelorMittal  (Company Description, Company Overview, Product Synopsis, Key Developments, SWOT Analysis)
  • Bekaert
  • Fibrometals
  • Nippon Seisen Co., Ltd.
  • Green Steel Group
  • Ugitech S.A.
  • IntraMicron, Inc.
  • Ribbon Technology Corporation
  • HuNan HuiTong Advanced Materials CO., LTD. 
  • Fibercon International Inc
  • Other Key Companies

Steel Fiber Market: Report Segmentation

For the scope of the report, In-depth segmentation is offered by Forencis Research

Steel Fiber Market, by Type

  • Hooked Steel Fiber
  • Straight Steel Fiber
  • Crimped Steel Fiber
  • Deformed Steel Fiber
  • Others

Steel Fiber Market, by Manufacturing  Process

  • Cut Wire/ Cold Drawn
  • Slit Sheet
  • Melt Extract
  • Others

Steel Fiber Market, by Application

  • Concrete Reinforcement
  • Composite Reinforcement
  • Refractories
  • Others

Steel Fiber Market, by Region

  • North America
    • US
    • Canada
    • Mexico
  • Asia-Pacific
    • China
    • India
    • Japan
    • South Korea
    • Rest of Asia-Pacific
  • Europe
    • Germany
    • UK
    • France
    • Italy
    • Rest of Europe
  • Middle East & Africa
    • Saudi Arabia
    • UAE
    • Rest of Middle East & Africa
  • South America
    • Brazil
    • Argentina
    • Rest of South America

Key Questions Answered By The Report

  • What are the prominent developments affecting the market worldwide and its growth?
  • What will be the impact of the developments in the market on the industry and on the market players in the future?
  • What are the evolving variations of the market globally?
  • What are the evolving functions of the market globally?
  • What are the prominent aspects that will affect market growth globally during the study period?
  • Who are the key players operating in the market across the globe?
  • How are the key players leveraging in the present market scenario worldwide?

Report Audience

  • Steel Fiber Market Providers
  • Steel Fiber Market Solution and Services Suppliers, Distributors and Dealers
  • End-Users of Varied Segments of Steel Fiber Market
  • Government Bodies and Intellectual Institutions
  • Associations and Industrial Organizations
  • Research & Consulting Service Providers
  • Research & Development Organizations
  • Investment Banks & Private Equity Firms


    1. Research Objectives
    2. Market Definition
    3. Research Scope
    4. Regional Coverage
    5. Research Timeline
    6. Assumptions
    7. Limitations
    1. Introduction
    2. Primary Research
      1. Key Industry Expert Insight
    3. Secondary Research
      1. Vital Data from Secondary Sources
    4. Market Size Estimation
    5. Data Validation & Triangulation
    1. Introduction
    2. Drivers
      1. Superior Properties of Steel Fibers
      2. Development of Infrastructure with Supportive Government Policies
    3. Restraint
      1. Synthetic Fibers Replacing Steel Fibers in Certain Applications
    4. Opportunities
      1. Potential Opportunities in Emerging Economies
    5. Challenges
      1. Difficulty in Processing
    1. Introduction
      1. Power of Buyers
      2. Power of Suppliers
      3. Intensity of Competition
      4. Challenges of Substitutes
      5. Challenges of New Entrants
    2. Macro-Economic Indicators
  6. GLOBAL STEEL FIBER MARKET BY TYPE, Market Size in USD Million and Volume in Kiloton (2019-2027)
    1. Introduction
    2. Hooked Steel Fiber
    3. Straight Steel Fiber
    4. Crimped Steel Fiber
    5. Deformed Steel Fiber
    6. Others
  7. GLOBAL STEEL FIBER MARKET BY MANUFACTURING PROCESS, Market Size in USD Million and Volume in Kiloton (2019-2027)
    1. Introduction
    2. Cut Wire/ Cold Drawn
    3. Slit Sheet
    4. Melt Extract
    5. Others
  8. GLOBAL STEEL FIBER MARKET BY APPLICATION, Market Size in USD Million and Volume in Kiloton (2019-2027)
    1. Introduction
    2. Concrete Reinforcement
    3. Composite Reinforcement
    4. Refractories
    5. Others
  9. GLOBAL STEEL FIBER MARKET BY REGION, Market Size in USD Million and Volume in Kiloton (2019-2027)
    1. North America
      1. US
      2. Canada
      3. Mexico
    2. Asia-Pacific
      1. China
      2. India
      3. Japan
      4. South Korea
      5. Rest of Asia-Pacific
    3. Europe
      1. Germany
      2. France
      3. Italy
      4. UK
      5. Russia
      6. Rest of Europe
    4. Middle East and Africa
      1. Saudi Arabia
      2. UAE
      3. Rest of Middle East and Africa
    5. South America
      1. Brazil
      2. Argentina
      3. Rest of South America
    1. Introduction
    2. Market Ranking/Share Analysis of Key Companies
    3. Company Benchmarking
    1. ArcelorMittal
      1. Company Overview
      2. Financial Overview
      3. Products/Solutions/Services Offered
      4. Key Developments
      5. SWOT Analysis
    2. Bekaert
    3. Fibrometals
    4. Nippon Seisen Co., Ltd.
    5. Green Steel Group
    6. Ugitech S.A.
    7. IntraMicron, Inc.
    8. Ribbon Technology Corporation
    9. HuNan HuiTong Advanced Materials CO., LTD. 
    10. R. STAT SAS
    11. Fibercon International Inc.
    12. Other Key Companies
    1. Key Industry Expert Insights
    2. Primary Discussion Guide
    3. Customization Options

Note1: Tentative table of contents, may get updated during the course of research.

Note2: Company financial information is subject to availability in public domain


Rep Id : CM 0145

Published : August, 2020

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