The latest report titled Global Steel Fiber Market contains an in-depth analysis of the fundamental parameters contributing to the global Steel Fiber market scenario. This research report offers readers an in-depth interpretation of the dynamics of the Steel Fiber market, including key drivers, opportunities, threats, and challenges. The report also briefly discusses key business strategies, supply-demand ratios, key regions, prominent market players, and offers a future outlook for the overall Steel Fiber industry. The market research report is a prototype 360° overview of the global Steel Fiber industry with estimated market value, share, growth trends, total revenue, competitive overview, prominent manufacturers and buyers, available product types, and end-use applications. reveal.
The global steel fiber market size was USD 2.30 Billion in 2022 and is expected to register a steady revenue CAGR of 4.8% during the forecast period, according to latest analysis by Emergen Research. Rising infrastructure development across various regions and increasing use of steel fibers due to higher tensile strength are key factors driving market revenue growth.
Steel fibers are extensively used along with mesh and steel reinforcing bars in various construction applications owing to their compression, splitting tensile, and flexural strength. Global steel prices reduced by 15%-20% year-on-year in 2022 and fell over 40% in December 2022. According to the forecast by the World Steel Association (WSA), the demand for global steel increased by 2.4% in 2023. This can lead to a drop in the prices of steel fibers and therefore can be widely used as a construction material.
The latest research report is cited as the first document to provide an update on the Steel Fiber markets hit hard by the COVID-19 pandemic. The global health crisis poses a significant threat to the future growth of the Steel Fiber industry. The report assesses the profound changes in this business environment brought about by the outbreak, and highlights the significant impact on the market severely disrupted by the pandemic.
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It focuses on the recent mergers & acquisitions, joint ventures, collaborations, partnerships, licensing agreements, brand promotions, and product launches, among others. The report also provides details about the company overview, business expansion plans, product portfolio, manufacturing and production capacity, global market position, financial status, and consumer base.
The report also discusses the key players involved in the market such as
ArcelorMittal, Bekaert, Fibrometals, Nippon Seisen Co., Ltd., Zhejiang Boen metal products Co., Ltd., Green Steel Group, Spajic DOO, Hunan Sunshine Steel Fiber Co., Ltd., Zhitai Steel Fiber Manufacturing Co., Ltd. , Hunan Sunshine Steel Fiber Co., Ltd., and R. STAT
Key Parameters Analyzed in This Section:
- Company Profiles
- Gross Revenue
- Profit margins
- Product sales trends
- Product pricing
- Industry Analysis
- Sales & distribution channels
Regional Segmentation:
- North America
- Latin America
- Europe
- Middle East & Africa
- Asia Pacific
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Key Points Covered in This Section:
- Regional contributions
- Estimated revenue generation
- Vital data and information about the consumption rate in all the leading regional segments
- An expected rise in market share
- Forecast growth in the overall consumption rate
Analysis of the segments and their growth projection is carried out by extensive historical and current analysis of the market scenario. Further, the report offers details about the factors and features of the Steel Fiber market expected to boost the growth of the industry in the coming years.
Steel Fiber Market Segmentation:
Type Outlook (Revenue, USD Billion; 2019-2032)
- Hooked
- Straight
- Deformed
- Crimpled
- Others
Application Outlook (Revenue, USD Billion; 2019-2032)
- Concrete Reinforcement
- Composite Reinforcement
- Refractories
- Others
Manufacturing Process Outlook (Revenue, USD Billion; 2019-2032)
- Cut Wire/Cold Drawn
- Slit Sheet
- Melt Extract
- Mill Extract
- Modified Cold Drawn Wire
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Highlights of Table of Contents (TOC):
- Overview of Global Steel Fiber Market
- Competitive analysis of the Steel Fiber market
- Regional analysis of Global Steel Fiber market production and revenue
- Regional analysis of Global Steel Fiber market supply, consumption, and export & import
- Type-based market analysis of global Steel Fiber production, revenue, and price trends
- Application-based analysis of the global Steel Fiber market
- Manufacturer profiles, manufacturing costs, and upstream and downstream analysis of global Steel Fiber market
- Conclusion of the research report
- Appendix
Thank you for reading our report. Please get in touch with us if you have any query regarding the report or its customization. Our team will ensure the report is best suited to your needs.
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