Global Steel Fiber Market is predicted to reach USD 6.25 billion at a CAGR of 4.25% during the forecast period:

Pune, India, Augest 2023/MRFR Press Release/- Market Research Future has published a half-cooked research report on the Global Steel Fiber Market.

Market Research Future (MRFR) has published a cooked research report on the “Global Steel Fiber Market” that contains information from 2023 to 2032. The Global Steel Fiber Market is estimated to register a CAGR of 4.25% during the forecast period of 2023 to 2032.

MRFR recognizes the following companies as the key players in the Global Steel Fiber Market— Fibrometals, Bekaert, Nippon Seisen Co. Ltd., Green Steel Group, Ugitech S.A., IntraMicron Inc., Ribbon Technology Corporation, and HuNan HuiTong Advanced Materials CO LTD.

Steel Fiber Market Highlights

The Global Steel Fiber Market is accounted to register a CAGR of 4.25% during the forecast period and is estimated to reach USD 6.25 Billion by 2032.

Global Steel Fiber Market refers to the worldwide market for steel fibers used in various industries and applications. Steel fibers are small, discontinuous fibers made from steel, and they are commonly added to concrete or other construction materials to enhance their mechanical properties and performance.

The demand for steel fibers is influenced by factors such as the growth of construction and infrastructure projects, increasing awareness of the benefits of fiber-reinforced concrete, and the need for high-performance materials in various industries.

Segment Analysis

The Global Steel Fiber Market has been segmented based on type, application and end use.

On the basis of type, the market is segmented into hooked steel fiber, straight steel fiber and deformed steel fiber. The hooked steel fiber segment dominated the market, accounting for 46% of the market share and revenue in 2022. Hooked-type items are in high demand due to their capacity to strengthen resilience and the durability of bonds in development.

Based on application, the market has been segmented into concrete reinforcement and composite reinforcement. The concrete reinforcement category generated the highest market revenue of about 51% in 2022. Concrete reinforcement will be used frequently in slabs and floors, precast, roadways, and tunneling operations.

Based on end use, the market has been segmented into buildings & construction and transportation. The buildings & construction segment dominated the market, accounting for 49% of the market share and revenue in 2022. The continuous need for non-structural slab and architectural elements in the building & construction sectors is expected to fuel overall market growth throughout the projected period.

Regional Analysis

The Global Steel Fiber Market, based on region, has been divided into the North America, Europe, Asia-Pacific, and Rest of the World. North America consists of US and Canada. The Europe Global Steel Fiber Market comprises of Germany, France, the UK, Italy, Spain, and the rest of Europe. The Global Steel Fiber Market in Asia-Pacific has been segmented into China, India, Japan, Australia, South Korea, and the rest of Asia-Pacific. The Rest of the World Global Steel Fiber Market comprises of Middle East, Africa, and Latin America.

North America region includes the United States, Canada, and Mexico. North America has a significant demand for steel fibers due to its robust construction industry, infrastructure development, and increasing adoption of advanced construction materials.

European countries like Germany, France, the United Kingdom, Italy, and Spain are major consumers of steel fibers. The demand in this region is driven by large-scale infrastructure projects, urbanization, and a focus on sustainable and durable construction practices.

The Asia-Pacific region, including countries such as China, India, Japan, South Korea, and Australia, is the largest and fastest-growing market for steel fibers. Rapid industrialization, urbanization, and investments in infrastructure projects fuel the demand in this region.

Furthermore, the rest of the world's Global Steel Fiber Market is divided into the Middle East, Africa, and Latin America. Countries like Brazil, Argentina, and Chile contribute to the growth of the steel fiber market in Latin America. The construction and mining sectors play a crucial role in driving the demand for steel fibers in this region.

Key Findings of the Study

• The Global Steel Fiber Market is expected to reach USD 6.25 Billion by 2032, at a CAGR of 4.25% during the forecast period.


• The Asia-Pacific region, including countries such as China, India, Japan, South Korea, and Australia, is the largest and fastest-growing market for steel fibers. Rapid industrialization, urbanization, and investments in infrastructure projects fuel the demand in this region.


• Based on application, the market has been segmented into concrete reinforcement and composite reinforcement holding the largest market in 2022.


• Fibrometals, Bekaert, Nippon Seisen Co. Ltd., Green Steel Group, Ugitech S.A., IntraMicron Inc., Ribbon Technology Corporation, and HuNan HuiTong Advanced Materials CO LTD.

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