Steel fiber is a short fiber made of steel, which has excellent mechanical properties and stability. It is mainly used for strengthening civil engineering materials such as concrete and mortar to improve their mechanical properties such as compression, bending, and tensile strength.

Introduction to Segmented Product Types

Classified by material: Steel fibers can be divided into carbon steel fibers, stainless steel fibers, and alloy steel fibers. Carbon steel fibers are made of low-carbon steel, medium-carbon steel, and high-carbon steel, which have high strength and hardness and are suitable for various concrete reinforcement projects; Stainless steel fibers are made of stainless steel materials, which have excellent corrosion resistance and oxidation resistance, and are suitable for concrete reinforcement projects used in harsh environments; Alloy steel fibers are made by adding alloying elements such as chromium, nickel, tungsten, etc. to carbon steel fibers to improve their strength and heat resistance. They are suitable for engineering projects that require high material performance.

Classified by purpose: Steel fibers can be divided into steel fibers for civil engineering, steel fibers for highway engineering, and steel fibers for water conservancy engineering. Steel fibers used in civil engineering are mainly used for strengthening civil engineering materials such as concrete and mortar; Steel fibers used in highway engineering are mainly used for concrete reinforcement in highway engineering such as highways, bridges, and tunnels; Steel fibers used in hydraulic engineering are mainly used for concrete reinforcement in hydraulic engineering such as reservoirs, embankments, and water gates.

Overview of Market Development

According to our research data, the estimated global steel fiber market revenue in 2024 is $1495 million, an increase of 5.94% compared to 2023. In the coming years, with the continuous development of fields such as architecture and infrastructure construction, the market is expected to maintain a steady development trend. It is expected that the global steel fiber market revenue will increase to $1981 million by 2029.

Analysis of Market Competition Pattern

From the perspective of market competition, the concentration of the global steel fiber market is relatively low. Data shows that in 2023, the top 3 companies achieved a total revenue of $318 million in the steel fiber market, with a total revenue share of only 22.56%. The top three companies were Bekaert, Arcelor Mittal, and SIKA. In 2023, these three companies accounted for 10.83%, 7.16%, and 4.57% of the global steel fiber market revenue, respectively.

Source: www.globalmarketmonitor.com

Market Analysis of Major Regions

From a regional perspective, the global steel fiber market is concentrated in three major regions: North America, Europe, and the Asia Pacific region. Among them, the Asia Pacific region is the largest consumer market. The data shows that the estimated consumption of steel fibers in the Asia Pacific region in 2024 is 783.1k tons, accounting for 35.35% of the global total consumption.

Global Steel Fiber Consumption and Proportion by Region Forecast in 2024

Regions	Consumption (K Tons)	Proportion
North America	512.2	23.12%
Europe	560.5	25.30%
Asia Pacific	783.1	35.35%
South America	171.2	7.73%
Middle East & Africa	188.4	8.50%