Chemicals and Materials Steel Fiber Market New | Page 2

Concrete reinforcement application is expected to register the highest CAGR in the
Steel Fiber Market during the forecast period.
Flooring, roof slab, bridges, water tanks, sports stadium, conference halls, tunnel lining,
dams, canal lining, and blast-resistant structures come under the concrete reinforcement
application. Steel fiber is widely used in concrete reinforcement application in tunnel lining
and flooring. Reinforced concrete is used widely as they have high resistance to tensile and
shear stresses caused by natural calamities such as earthquakes, winds, and vibrations.
APAC is expected to be the largest market for steel fiber during the forecast period.
APAC is the largest Steel Fiber Market, in terms of both value and volume. China, India, and
Japan are the fast-growing economies that contribute to the growth of the market in the
region. There are many large steel fiber manufacturers in the APAC region, such as Stewols
India (India), Hunan Sunshine Steel Fiber (China), and Yuthian Zhitai Steel Fiber
Manufacturing (China)). The demand for steel fiber is expected to increase in the region
during the forecast period with the increasing demand from infrastructure, construction,
textile, and other industries.
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The steel fiber market comprises major manufacturers such as Arcelor Mittal
(Luxembourg), Bekaert (Belgium), Fibrometals (Romania), Nippon Seisen (Japan), Zhejiang
Boean Metal Products (China), Green Steel Group (Italy), Spajic Doo (Serbia), Hunan
Sunshine Steel Fiber (China), Yuthian Zhitai Steel Fiber Manufacturing (China), and R. STAT
(Saint-Jean-Bonnefonds). The study includes an in-depth analysis of these key players in
the steel fiber market, including profiling the companies and analyses of key market
strategies.
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