Global Steel Fiber Market – Trend, CAGR Status, Growth, Analysis and Forecast to 2027

MARKET INTRODUCTION

Steel fiber is characterized by excellent properties such as high tensile strength, crack resistance, durability, corrosion resistance, and high shear strength. The use of steel fiber in concrete can improve its strength and properties. It improves crack, impact, and fatigue resistance, shrinkage reduction, and provides toughness by preventing crack propagation from microcracks to macro-cracks. Major applications for steel fiber in concrete flooring can be found in playgrounds, airport runways, parking lots, taxiways, maintenance hangars, and workshops, among others. Steel fiber is also used in port pavements, container storage and handling areas, bulk storage warehouses, and military warehouses.

MARKET DYNAMICS

Rapid infrastructure development in developed and developing countries coupled with supportive government policies are the key factors driving the steel filer market. Increasing usage of steel fiber in various end-user industries and a rise in urbanization is projected to bolster the steel fiber market over the forecast period. However, the availability of substitutes in the market is projected to hamper market growth over the forecast period. For instance, synthetic fibers available in the market are replacing steel fibers in various applications.

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MARKET SCOPE

The "Global Steel Fiber Market Analysis to 2027" is a specialized and in-depth study of the chemicals and materials industry with a special focus on the global market trend analysis. The report aims to provide an overview of the steel fiber market with detailed market segmentation by type, manufacturing process, application and geography. The global steel fiber market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading steel fiber market players and offers key trends and opportunities in the market.

MARKET SEGMENTATION

The global steel fiber market is segmented on the basis of type, manufacturing process and application. On the basis of type, the steel fiber market is segmented into hooked steel fiber, straight steel fiber, crimped steel fiber, deformed steel fiber, and others. The steel fiber market on the basis of manufacturing process is classified into cut wire/ cold drawn, slit sheet, melt extract, and others. On the basis application the market is bifurcated into concrete reinforcement, composite reinforcement, refractories, and others.

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REGIONAL FRAMEWORK

The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global steel fiber market based on various segments. It also provides market size and forecast estimates from the year 2018 to 2027 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The steel fiber market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.

The report analyzes factors affecting the steel fiber market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the steel fiber market in these regions.

MARKET PLAYERS

The reports cover key developments in the steel fiber market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from steel fiber market are anticipated to lucrative growth opportunities in the future with the rising demand for Steel fiber in the global market. Below mentioned is the list of few companies engaged in the Steel fiber market.

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Posted by on Thursday November 07 2019, 3:02 PM EST. All trademarks acknowledged. Filed under Business Services. Comments and Trackbacks are open. Follow responses: RSS 2.0

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