[103 Pages Report] According to the new market research report "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", published by MarketsandMarkets™, the Steel Fiber Market is projected to grow from the estimated USD 2.0 billion in 2018 to USD 2.5 billion by 2023, at a CAGR of 5.0% between 2018 and 2023. The market is growing due to the high demand from infrastructure and construction industries. Steel fiber is used in these industries as they exhibit properties such as superior tensile strength, crack resistance, durability, corrosion resistance, and high shear strength.

Get free PDF sample report for more details: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=222903687

The hooked segment accounted for the largest share of the overall Steel Fiber Market in 2018.   

 Hooked steel fiber is the most commonly used type of steel fiber. Hooked steel fiber is used in concrete reinforcement in hydraulic structures, airport and highway paving, industrial floor, refractory concrete, bridge decks, shotcrete linings, and explosion resistant structures. This steel fiber type is affordable and easily available. Hooked steel fiber substantially enhances initial crack strength and provides post-crack strength. Hooked steel fiber forms stronger joints, which results in low maintenance of the concrete structure.

 Concrete reinforcement application is expected to register the highest CAGR in the Steel Fiber Market during the forecast period.

 Flooring, roof slab, bridges, water tanks, sports stadium, conference halls, tunnel lining, dams, canal lining, and blast-resistant structures come under the concrete reinforcement application. Steel fiber is widely used in concrete reinforcement application in tunnel lining and flooring. Reinforced concrete is used widely as they have high resistance to tensile and shear stresses caused by natural calamities such as earthquakes, winds, and vibrations.

 APAC is expected to be the largest market for steel fiber during the forecast period. 

 APAC is the largest Steel Fiber Market, in terms of both value and volume. China, India, and Japan are the fast-growing economies that contribute to the growth of the market in the region. There are many large steel fiber manufacturers in the APAC region, such as Stewols India (India), Hunan Sunshine Steel Fiber (China), and Yuthian Zhitai Steel Fiber Manufacturing (China)). The demand for steel fiber is expected to increase in the region during the forecast period with the increasing demand from infrastructure, construction, textile, and other industries.

The major manufacturers of steel fiber are Arcelor Mittal (Luxembourg), Bekaert (Belgium), Fibrometals (Romania), Nippon Seisen Co. Ltd. (Japan), Zhejiang Boean Metal Products Co. Ltd. (China), Green Steel Group (Italy), Spajic Doo (Serbia), Hunan Sunshine Steel Fiber Co. Ltd. (China), Yuthian Zhitai Steel Fiber Manufacturing Co. Ltd. (China), and R. STAT (Saint-Jean-Bonnefonds). These players have adopted various growth strategies, such as expansions and joint ventures, to expand their presence in the global market. Expansions and joint ventures were the most dominating strategies adopted by the major players from 2014 to 2018. These strategies helped them to innovate their product offerings and broaden their customer base.

Early buyers will receive 10% customization on this report.

Don't miss out on business opportunities in Steel Fiber Market.

Read our blog for more details: https://chemabd007.blogspot.com/2019/04/steel-fiber-market-intelligence-with.html

About MarketsandMarkets

MarketsandMarkets is the largest market research firm worldwide in terms of annually published premium market research reports. Serving 1700 global fortune enterprises with more than 1200 premium studies in a year, M&M is catering to a multitude of clients across 8 different industrial verticals. We specialize in consulting assignments and business research across high growth markets, cutting edge technologies and newer applications.

Contact:
Mr. Shelly Singh
MarketsandMarkets™ INC. 
630 Dundee Road 
Suite 430 
Northbrook, IL 60062 
USA: 1-888-600-6441 
[email protected]