Analysis of the Global Steel Fiber Market
The Steel Fiber Market research report offers a panoramic view of the Steel Fiber market, regulatory framework, and macro- and micro-economic factors that influence the growth of the industry. The report strives to offer authentic information about the Steel Fiber market size, share, product portfolio, revenue estimations, and growth rate. The report has been formulated through extensive primary and secondary research along with verified and reliable data obtained from industry experts and professionals. The study offers a clear understanding of the current market scenario owing to the COVID-19 pandemic and offers a comprehensive analysis of the current and future impact of the pandemic on the overall market landscape. The economic landscape and the market environment have observed drastic changes due to the social restrictions and government-enforced lockdowns imposed to curb the spread of COVID-19.
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 infrastructural 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 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.
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The report projects the market is anticipated to grow at a significant rate owing to raid advancements and technological developments in the sector. The report offers strategic recommendations to the businesses and investors to capitalize on the lucrative growth opportunities. The report further provides a comprehensive analysis of the competitive landscape and provides complete coverage with regard to company profiles, product portfolio, revenue generation, financial standing, and market position. It also covers mergers and acquisitions, joint ventures, product launches, brand promotions, collaborations, agreements, and partnerships, among others. It also offers insights into the manufacturing processes, revenue estimations, R&D advancements, and industrial penetration.
Regional Analysis:
According to the regional analysis, the market is segmented into the key geographical regions, including North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. The report further provides insight into the regions dominating the market and is expected to lead the market in the coming years. The report also discusses the growth rate and market size of each major region for the forecast period. It also covers production and consumption patterns, supply and demand dynamics, current and emerging trends, import/export, and the presence of key players in each region.
In-depth Regional Analysis Covers:
- North America (U.S., Canada, Mexico)
- Europe (U.K., Italy, Germany, France, Rest of EU)
- Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
- Latin America (Chile, Brazil, Argentina, Rest of Latin America)
- Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
Objectives of the Report:
- Industrial structure analysis of the Steel Fiber market by identification of various sub-segments
- Extensive analysis of key market players along with their SWOT analysis
- Competitive landscape benchmarking
- Analysis of Steel Fiber market based on growth trends, futuristic outlook, and contribution to the total growth of the market
- Analysis of drivers, constraints, opportunities, challenges, and risks in the global Steel Fiber Market
- Comprehensive analysis of competitive developments such as expansions, agreements, new product launches, and other strategic alliances
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The report offers a panoramic view of the competitive landscape of the industry and a detailed analysis of the key players of the market based on their revenue, profit margins, financial standing, global market position, R&D activities, and product portfolio. It also covers their strategic endeavors such as mergers and acquisitions, joint ventures, collaborations, partnerships, corporate and government deals, and product launches and brand promotions, among others.
The key players profiled in the report are:
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
Market Dynamics:
The report offers insightful information about the market dynamics of the Steel Fiber market. It offers SWOT analysis, PESTEL analysis, and Porter’s Five Forces analysis to present a better understanding of the Steel Fiber market, competitive landscape, factors affecting it, and to predict the growth of the industry. It also offers the impact of various market factors along with the effects of the regulatory framework on the growth of the Steel Fiber market.
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 cost, and upstream and downstream analysis of global Steel Fiber market
- Conclusion of the research report
- Appendix
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