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Global Steel Fiber for Concrete Market Size, Share & Recession Impact Analysis, By Type (Hooked, Straight, Deformed and Others), By Application (Slabs & Flooring, Precast, Pavements & Tunnelling and Others), and Regional Forecasts, 2023-2030

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The global steel fiber for concrete market size was valued at USD 2.2 billion in 2022. The market is projected to grow from USD 2.2 billion in 2022 to USD 2.9 billion by 2030, exhibiting a CAGR of 4.50% during the forecast period.
 
The market for steel fiber for concrete is expanding as a result of the rising demand for high-performance concrete across a range of construction applications. Concrete is reinforced with steel fibers to increase its tensile strength, toughness, durability, and crack resistance. The expanding construction industry, especially in developing nations, is driving the steel fiber market for concrete. The demand for steel fiber reinforced concrete has increased due to the requirement for high-performance concrete in the construction of infrastructure, such as bridges, tunnels, and roads (SFRC). The market is expanding as a result of the expanding trend of employing precast concrete products in building.
 
RECESSION IMPACT

The recession will have a significant effect on the market for steel fiber for concrete. Steel fiber for concrete demand typically declines during economic downturns as a result of a slowdown in the building sector. This is due to the possibility that construction projects could be postponed or abandoned due to finance issues or a lack of investor trust. Furthermore, during a recession, building enterprises could prioritise cost-cutting strategies, which might lead to a switch to less expensive substitute materials. The demand for steel fiber for concrete may potentially be negatively impacted by this.
 
DRIVING FACTORS

Increasing demand Construction Sector to Drive Market Growth

One of the main factors propelling the market for steel fiber for concrete is the expanding construction sector. The demand for steel fiber for concrete is directly correlated with the expansion of the construction industry, making it one of the main consumers of this material. The construction sector is expanding steadily worldwide, especially in developing nations. Many factors, such as fast urbanisation, population increase, industry, and the requirement for infrastructural development, are responsible for this growth. Furthermore, the demand for steel fiber for concrete is being driven by the growing usage of high-performance concrete in construction projects. Concrete is given steel fibers to improve its mechanical qualities, such as tensile strength, toughness, and durability, making it appropriate for a variety of construction applications.
 
RESTRAINING FACTORS

High Cost of Steel Fiber in Concrete to Limit Market Growth

The market for steel fiber for concrete is significantly constrained by its high cost. Due to the cost of the raw materials, the manufacturing process, and the additional work needed for installation, steel fiber for concrete is typically more expensive than conventional concrete. Steel fibers are more expensive than other fibers because they are created from premium steel and engineered to endure severe stresses and strains. The production of steel fibers requires specialized equipment and a more sophisticated manufacturing process than conventional concrete. Moreover, professional people and specialized equipment are needed to install steel fiber reinforced concrete, which might raise the overall cost of the construction project.
 
SEGMENTATION

By Type

Steel Fiber for Concrete Market BY Type
Based on type, the steel fiber for concrete market is segmented into hooked, straight, deformed and others. The hooked category dominated the market in 2022. The market demand for items of the hooked type is being helped by qualities like the capacity to increase resistance and bonding strength in the building. These materials can also create solid bonding that requires little upkeep for the construction. Besides, the deformed steel fiber for concrete market is anticipated to see a sizable CAGR in revenue. In the upcoming years, demand from concrete applications to avoid cracking and water damage is anticipated to propel the segment's growth. Moreover, these materials have greater post-crack strength and excellent abrasion and impact resistance.
 
By Application

Based on application, the steel fiber for concrete market is segmented into slabs & flooring, precast, pavements & tunnelling and others. The precast category dominated the market in 2022. Over the projected period, the building and construction market's constant demand for non-structural and architectural building components is anticipated to propel the precast segment's growth. At the same time, the enormous demand is expected to be created in the upcoming years by tunnelling and paving. Steel fiber reinforced concrete's ability to provide tunnel lining with low bending moments and high compressive pressures has recently increased product demand.
 
REGIONAL INSIGHTS

Steel Fiber for Concrete Market By Region 
Asia Pacific is projected to hold the largest share of the steel fiber for concrete market over the forecast period. The primary force behind regional growth is the building and construction industry's expansion and a greater emphasis on public infrastructure. The construction of motorways, airports, and rails is anticipated to register a high demand for steel fiber products. Infrastructure spending is expected to grow quickly in both China and India. During the course of the projection period, this is anticipated to have a favourable effect on the expansion of the local market. On the other hand, the Europe steel fiber for concrete market is anticipated to grow significantly. Regional growth is projected to benefit from significant tunnelling projects and moderate construction industry development. The market is expected to profit in the long run due to Europe's rapid growth of steel fiber reinforcement.
 
LIST OF KEY COMPANIES PROFILED:
  • Bekaert
  • Kosteel Co. Ltd.
  • ArcelorMittal
  • Hanson
  • Fibrometals
  • Nippon Seisen
  • Sunshine Steel Fiber
  • R. STAT
  • Onward Chemicals Pvt. Ltd.
  • Green Steel Group
  • Zhejiang Boean Metal Products
  • Yuthian Zhitai Steel Fiber Manufacturing
REPORT SCOPE AND SEGMENTATION
 
Attributes Details
Market Size in 2022 USD 2.2 Billion
Market Forecast in 2030 USD 2.9 Billion
Compound Annual Growth Rate 4.50 %
Unit Revenue (USD Million) and Volume (Kilo Tons)
Segmentation By Types, By Applications and By Geography
By Types
  • Hooked
  • Straight
  • Deformed
  • Others
By Applications
  • Slabs & Flooring
  • Precast
  • Pavements & Tunnelling
  • Others
By Region
  • North America: U.S and Canada
  • Europe: Germany, Italy, Russia, U.K, Spain, France, Rest of Europe
  • APAC: China, Australia, Japan, India, South Korea, South East Asia, Rest of Asia Pacific
  • Latin America: Brazil, Argentina, Chile
  • The Middle East And Africa: South Africa, GCC, Rest of MEA
Base Year 2022
Historical Year 2016-2021
Forecast Year 2023-2030
Chapter 1    Preface

    1.1    Report Scope and Description
        1.1.1    Study Purpose
        1.1.2    Target Audience
        1.1.3    USP and Key Offerings
    1.2    Key Benefits for Stakeholders
    1.3    Report Scope

Chapter 2    Report Summary

    2.1    Key Findings
        2.1.1    Top Investment Pockets
    2.2    Market Snapshot: Global Steel Fiber for Concrete Market
    2.3    Global Steel Fiber for Concrete Market, 2018 – 2028 (US$ Mn)

Chapter 3    COVID 19 Impact Analysis

    3.1    Impact Assessment of COVID-19 Pandemic, By Region
        3.1.1    North America: Impact of COVID-19 Pandemic
        3.1.2    Europe: Impact of COVID-19 Pandemic
        3.1.3    Asia pacific: Impact of COVID-19 Pandemic
        3.1.4    Latin America: Impact of COVID-19 Pandemic
        3.1.5    Middle-East and Africa: Impact of COVID-19 Pandemic
    3.2    Key Strategies Undertaken by Companies to Tackle COVID-19
    3.3    Quarterly Market Revenue by Region 2021 & 2022
    3.4    Pre COVID-19 Market Revenue, By Region, 2016-2019        (USD Million)
    3.5    Post COVID-19 Market Revenue, By Region, 2020-2028 (USD Million)
    3.6    Short Term Dynamics
    3.7    Long Term Dynamics

Chapter 4    Global Steel Fiber for Concrete Market, By Type Segment Analysis

    4.1    Steel Fiber for Concrete Market Overview, By Type Segment
        4.1.1    Global Steel Fiber for Concrete Market Revenue Share, By Type, 2022 & 2028 (Value, %)
    4.2    Hooked
        4.2.1    Steel Fiber for Concrete Market Share Forecast, By Region (USD Million)
        4.2.2    Comparative Revenue Analysis, By Country, 2021 & 2028
        4.2.3    Key Market Trends, Growth Factors, & Opportunities
    4.3    Straight
        4.3.1    Steel Fiber for Concrete Market Share Forecast, By Region (USD Million)
        4.3.2    Comparative Revenue Analysis, By Country, 2021 & 2028
        4.3.3    Key Market Trends, Growth Factors, & Opportunities
    4.4    Deformed
        4.4.1    Steel Fiber for Concrete Market Share Forecast, By Region (USD Million)
        4.4.2    Comparative Revenue Analysis, By Country, 2021 & 2028
        4.4.3    Key Market Trends, Growth Factors, & Opportunities    
    4.5    Others
        4.5.1    Steel Fiber for Concrete Market Share Forecast, By Region (USD Million)
        4.5.2    Comparative Revenue Analysis, By Country, 2021 & 2028
        4.5.3    Key Market Trends, Growth Factors, & Opportunities    
                
Chapter 5    Global Steel Fiber for Concrete Market, By Application Segment Analysis

    5.1    Steel Fiber for Concrete Market Overview, By Application Segment
        5.1.1    Global Steel Fiber for Concrete Market Revenue Share, By Application, 2022 & 2028 (Value, %)
    5.2    Slabs & Flooring
        5.2.1    Steel Fiber for Concrete Market Share Forecast, By Region (USD Million)
        5.2.2    Comparative Revenue Analysis, By Country, 2022 & 2028
        5.2.3    Key Market Trends, Growth Factors, & Opportunities
    5.3    Precast
        5.3.1    Steel Fiber for Concrete Market Share Forecast, By Region (USD Million)
        5.3.2    Comparative Revenue Analysis, By Country, 2022 & 2028
        5.3.3    Key Market Trends, Growth Factors, & Opportunities
    5.4    Pavements & Tunnelling
        5.4.1    Steel Fiber for Concrete Market Share Forecast, By Region (USD Million)
        5.4.2    Comparative Revenue Analysis, By Country, 2022 & 2028
        5.4.3    Key Market Trends, Growth Factors, & Opportunities
    5.4    Others
        5.4.1    Steel Fiber for Concrete Market Share Forecast, By Region (USD Million)
        5.4.2    Comparative Revenue Analysis, By Country, 2022 & 2028
        5.4.3    Key Market Trends, Growth Factors, & Opportunities
                
Chapter 6    Steel Fiber for Concrete Market – Regional Analysis, 2022 – 2028

    6.1    Steel Fiber for Concrete market Overview, by Region Segment
        6.1.1    Global Steel Fiber for Concrete market Revenue Share, By Region, 2022 & 2028
        6.1.2    Global Steel Fiber for Concrete Market Revenue, By Region, 2017 – 2028 (US$ Mn)
        6.1.3    Global Steel Fiber for Concrete market Revenue, By Type, 2017 – 2028 (US$ Mn)
        6.1.4    Global Steel Fiber for Concrete market Revenue, By Application, 2017 – 2028 (US$ Mn)
    6.2    North America
        6.2.1    North America Steel Fiber for Concrete Market Revenue, By Country, 2018 – 2028 (US$ Mn)
        6.2.2    North America Steel Fiber for Concrete Market Revenue, By Type, 2018 – 2028 (US$ Mn)/(Kilo Tons)
        6.2.3    North America Steel Fiber for Concrete Market Revenue, By Application, 2018 – 2028 (US$ Mn)/(Kilo Tons)
        6.2.4    U.S. Steel Fiber for Concrete Market Revenue, 2018 - 2028 (US$ Mn)/ (Kilo Tons)
        6.2.5    Canada Steel Fiber for Concrete Market Revenue, 2018 - 2028 (US$ Mn)/ (Kilo Tons)
        6.2.6    Mexico Steel Fiber for Concrete Market Revenue, 2018 - 2028 (US$ Mn)/ (Kilo Tons)
    6.3    Europe
        6.3.1    Europe Steel Fiber for Concrete Market Revenue, By Country, 2018 – 2028 (US$ Mn)
        6.3.2    Europe Steel Fiber for Concrete Market Revenue, By Type, 2018 – 2028 (US$ Mn)/(Kilo Tons)
        6.3.3    Europe Steel Fiber for Concrete Market Revenue, By Application, 2018 – 2028 (US$ Mn)/(Kilo Tons)
        6.3.4    Germany Steel Fiber for Concrete Market Revenue, 2018 - 2028 (US$ Mn)/ (Kilo Tons)
        6.3.5    France Steel Fiber for Concrete Market Revenue, 2018 - 2028 (US$ Mn)/ (Kilo Tons)
        6.3.6    U.K. Steel Fiber for Concrete Market Revenue, 2018 - 2028 (US$ Mn)/ (Kilo Tons)
        6.3.7    Italy Steel Fiber for Concrete Market Revenue, 2018 - 2028 (US$ Mn)/ (Kilo Tons)
        6.3.8    Spain Steel Fiber for Concrete Market Revenue, 2018 - 2028 (US$ Mn)/ (Kilo Tons)
        6.3.9    Rest of Europe Steel Fiber for Concrete Market Revenue, 2018 - 2028 (US$ Mn)/ (Kilo Tons)
    6.4    Asia Pacific
        6.4.1    Asia Pacific Steel Fiber for Concrete Market Revenue, By Country, 2018 – 2028 (US$ Mn)
        6.4.2    Asia Pacific Steel Fiber for Concrete Market Revenue, By Type, 2018 – 2028 (US$ Mn)/(Kilo Tons)
        6.4.3    Asia Pacific Steel Fiber for Concrete Market Revenue, By Application, 2018 – 2028 (US$ Mn)/(Kilo Tons)
        6.4.4    China Steel Fiber for Concrete Market Revenue, 2018 - 2028 (US$ Mn)/ (Kilo Tons)
        6.4.5    Japan Steel Fiber for Concrete Market Revenue, 2018 - 2028 (US$ Mn)/ (Kilo Tons)
        6.4.6    India Steel Fiber for Concrete Market Revenue, 2018 - 2028 (US$ Mn)/ (Kilo Tons)
        6.4.7    South Korea Steel Fiber for Concrete Market Revenue, 2018 - 2028 (US$ Mn)/ (Kilo Tons)
        6.4.8    South-East Asia Steel Fiber for Concrete Market Revenue, 2018 - 2028 (US$ Mn)/ (Kilo Tons)
        6.4.9    Rest of Asia Pacific Steel Fiber for Concrete Market Revenue, 2018 - 2028 (US$ Mn)/ (Kilo Tons)
    6.5    Latin America
        6.5.1    Latin America Steel Fiber for Concrete Market Revenue, By Country, 2018 – 2028 (US$ Mn)
        6.5.2    Latin America Steel Fiber for Concrete Market Revenue, By Type, 2018 – 2028 (US$ Mn)/(Kilo Tons)
        6.5.3    Latin America Steel Fiber for Concrete Market Revenue, By Application, 2018 – 2028 (US$ Mn)/(Kilo Tons)
        6.5.4    Brazil Steel Fiber for Concrete Market Revenue, 2018 - 2028 (US$ Mn)/ (Kilo Tons)
        6.5.5    Argentina Steel Fiber for Concrete Market Revenue, 2018 - 2028 (US$ Mn)/ (Kilo Tons)
        6.5.6    Rest of Latin America Steel Fiber for Concrete Market Revenue, 2018 - 2028 (US$ Mn)/ (Kilo Tons)
    6.6    The Middle-East and Africa
        6.6.1    The Middle-East and Africa Steel Fiber for Concrete Market Revenue, By Country, 2018 – 2028 (US$ Mn)
        6.6.2    The Middle-East and Africa Steel Fiber for Concrete Market Revenue, By Type, 2018 – 2028 (US$ Mn)/(Kilo Tons)
        6.6.3    The Middle-East and Africa Steel Fiber for Concrete Market Revenue, By Application, 2018 – 2028 (US$ Mn)/(Kilo Tons)
        6.6.4    GCC Countries Steel Fiber for Concrete Market Revenue, 2018 - 2028 (US$ Mn)/ (Kilo Tons)
        6.6.5    South Africa Steel Fiber for Concrete Market Revenue, 2018 - 2028 (US$ Mn)/ (Kilo Tons)
        6.6.6    Rest of Middle-East Africa Steel Fiber for Concrete Market Revenue, 2018 - 2028 (US$ Mn)/ (Kilo Tons)

Chapter 7    Steel Fiber for Concrete Market – Industry Analysis

    7.1    Introduction
    7.2    Market Drivers
        7.2.1    Driving Factor 1 Analysis
        7.2.2    Driving Factor 2 Analysis
    7.3    Market Restraints
        7.3.1    Restraining Factor Analysis
    7.4    Market Opportunities
        7.4.1    Market Opportunity Analysis
    7.5    Porter’s Five Forces Analysis
    7.6    PEST Analysis
    7.7    Regulatory Landscape
    7.8    Technology Landscape
    7.9    Value Chain Analysis

Chapter 8    Competitive Landscape

    8.1    Company Market Share Analysis – 2022
        8.1.1    Global Steel Fiber for Concrete market: Company Market Share, 2022
        8.1.2    Global Steel Fiber for Concrete Market: Company Market Share, 2022
    8.2    Strategic Developments
        8.2.1    Acquisitions & Mergers
        8.2.2    New Product Launch
        8.2.3    Regional Expansion
    8.3    Company Strategic Developments – Heat Map Analysis

Chapter 9    Company Profiles

    9.1    Bekaert
        9.1.1    Company Overview
        9.1.2    Key Executives
        9.1.3    Product Portfolio
        9.1.4    Financial Overview
        9.1.5    Operating Business Segments
        9.1.6    Business Segment Performance
        9.1.7    Recent Developments
    9.2    Kosteel Co. Ltd.
    9.3    ArcelorMittal
    9.4    Hanson
    9.5    Fibrometals
    9.6    Nippon Seisen
    9.7    Sunshine Steel Fiber
    9.8    R. STAT
    9.9    Onward Chemicals Pvt. Ltd.
    9.10    Green Steel Group
    9.11    Zhejiang Boean Metal Products
    9.12    Yuthian Zhitai Steel Fiber Manufacturing

Chapter 10    Research Methodology

    10.1    Research Methodology
    10.2    Phase I – Secondary Research
    10.3    Phase II - Data Modeling
        10.3.1    Company Share Analysis Model
        10.3.2    Revenue Based Modelling
    10.4    Phase III – Primary Research
    10.5    Research Limitations
        10.5.1    Assumptions
No Methodology
No Available