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Dublin, Feb. 11, 2019 (GLOBE NEWSWIRE) -- 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 is defined as distinct, short length of steel which can be randomly and easily mixed in fresh concrete. Steel fibers are available in hooked, crimped, straight, deformed, or other forms. The selection of the type of steel fiber depends on the specific application. Proper mixing of steel fiber is important in reinforced concrete. If steel fibers are not evenly distributed in the concrete mixture, the resulting reinforced concrete will lack strength. Proper mixing of the steel fiber is necessary to impart toughness and tensile properties to the reinforced concrete.
Based on type, the steel fiber market is segmented as hooked steel fiber, crimped steel fiber, straight steel fiber, deformed steel fiber, and others. The hooked steel fiber segment accounted for the biggest share of the overall market in 2017. This is due to the large-scale use in the construction industry. Hooked steel fibers are widely used in flooring, tunnel lightweight void fill, structural fill, and construction repair of existing tunnel, metro underground stations, railway tunnels, and others. The steel fiber market is divided into four segments based on the manufacturing processes, namely, cut wire/cold drawn, slit sheet, melt extract, and mil extract. Cold drawn is the most-widely adopted manufacturing process of steel fiber.
In terms of application, the market is divided into four segments, namely, concrete reinforcement, composite reinforcement, refractories, and others. Concrete reinforcement is the biggest consumer of steel fiber. It is also projected to be the fastest-growing application. Steel fiber finds wide applications in the construction industry due to its properties such as high tensile strength, durability, and corrosion resistance. In 2017, APAC was the fastest-growing steel fiber market, both in terms of value and volume. The increasing demand for steel fiber from the emerging economies and increasing government spending on infrastructural projects are the main factors contributing to the growth of the market in APAC.
In terms of manufacturing process, the market is divided into four segments, namely, cut wire/cold drawn, slit sheet, melt extract, and others. The most widely used manufacturing process of steel fiber is cut wire/cold drawn. Cold drawn manufacturing process accounts for 60% of the overall steel fiber market share. It is widely used for manufacturing hooked steel fiber. This process is used for manufacturing good quality steel fibers having properties such as high tensile strength, durability, corrosion resistance, crack resistance, and enhanced shear strength.
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:
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
22.214.171.124 Development of Infrastructure With Supportive Government Policies
126.96.36.199 Superior Properties of Steel Fibers
188.8.131.52 Synthetic Fibers Replacing Steel Fibers in Certain Applications
184.108.40.206 Growing Infrastructure in Developing Countries
220.127.116.11 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/z52lg9/steel_fiber?w=12
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