Press release
Steel Fiber Market Future Growth, Current And Future Trends And CAGR Forecast 2026 | Global Players Arcelor Mittal, Bekaert, Fibrometals
Steel Fiber Market
The regions covered in the steel fiber market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. Among these regions, Asia pacific accounts for the largest steel fiber market share.
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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.
Key competitors 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.
The global steel fiber market size 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 in the market 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 global steel fiber market is expected to reach $2.87 billion in 2026 at a CAGR of 9.06%.
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TBRC's report segments the global steel fiber market:
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 and Instrumentation Devices, Others
Read Further On The Steel Fiber Market Here:
https://www.thebusinessresearchcompany.com/report/steel-fiber-global-market-report
The Table Of Contents Includes:
1. Executive Summary
2. Steel Fiber Market Characteristics
3. Steel Fiber Market Trends And Strategies
4. Impact Of COVID-19 On Steel Fiber
5. Steel Fiber Market Size And Growth
…..
28. Steel Fiber Pipeline Analysis
29. Key Mergers And Acquisitions In The Steel Fiber Market
30. Steel Fiber Market Future Outlook And Potential Analysis
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