The global steel fiber market is expected to reach USD 2.5 billion in 2023 and USD 3.4 billion by 2031, growing at a CAGR of 4.1% during the forecast period (2024-2031).
List of Major Companies in Steel Fiber Market:
ArcelorMittal, Bekaert Corporation, Nippon Seisen Co., Ltd., Fibro Metals, Green Steel Group, Spajic doo, Precision Drawell Pvt. Ltd., R. STAHL Aktiengesellschaft, Hunan Sunshine Steel Fiber Co., Ltd., Zhejiang Born Metal Products Co., Ltd.
Industry Development:
Aiming to make buildings more sustainable and environmentally friendly, Twintec took a step towards greener construction in December 2023 by using steel fibre reinforced concrete.
February 27, 2024: Arkema and Sireg Geotech are breaking new ground in construction innovation: together they have developed the first-ever bendable composite rebar to replace traditional steel rebar. Made with Arkema's Elium resin, Sireg's Glasspree TP bar combines flexibility, strength and sustainability in one smart solution, marking a major advancement for the industry.
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Segments covered in the Steel Fiber Market:
By product: hooked, straight, deformed, crimped, etc.
By application: concrete rebar, composite rebar, refractory materials, etc.
By manufacturing process: cut wire/cold drawing, slit sheet, melt extract, mill extract, others.
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