Market Research Future Published a Study Research Report on Steel Fiber Market Research Report
Numerous Benefits to Augment Product Demand, Launching Steel Fiber Market
Industry Latest News:
March 2019 – Steel Fiber graphite iron shafts led the LPGA Bank of Hope Founders Cup, securing the top position along with a T2 finish. The steel fiber shafts were designed and manufactured by Aerotech Golf, wherein the fiber produces ideal weighting for a strong impact, adding stability for pinpoint accuracy. These properties proved to be highly beneficial for the players making use of these clubs.
Steel Fiber Market Overview:
The manufactured fibers which mainly composed of steel, metal-coated plastic, plastic-coated steel, or a steel core. The steel fibers are generally produced from the steel alone or in combination with other substances. The filaments below 100 µm in diameter are considered as fibers. The product exhibits substantial physical and electrical properties such as high corrosion and thermal resistance good electric and heat conductivity, and excellent Electromagnetic Interference (EMI) shielding capabilities. These types of metal fibers are widely used throughout various consumer and industrial applications such as construction, transportation, and mining.
Based on type, the global steel fiber market has been segmented into hooked steel fiber, straight steel fiber, deformed steel fiber, and crimped steel fiber. The hooked steel fiber held the largest share of this market owing high demand for the product in the concrete reinforcement for building bridges, hydraulic structures, high pavements, and explosion resistance structures.
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By application, the market is categorized into concrete reinforcement, composite reinforcement, and refractories. Among these applications, the concrete reinforcement segment accounted for the largest market share in 2018. This mainly attributed to the substantially high demand for the product in reducing the negative impacts of brittleness of a concrete and in turn increase the overall strength of the structure. Owing to the high thermal stability of the steel fibers, it has significantly used in manufacturing refractories.
On the basis of end-use, the global steel fiber market has been categorized into buildings & construction, transportation, mining and tunneling, flooring and pavement, and others. The buildings and construction industry are the largest consumer of steel fibers owing to various structural and functional benefits such as high strength, resistance to shock and vibrations, shielding against EMI and RFI.
Steel Fiber Market Key Players:
The top vendors leading the global steel fiber market include R. STAT SAS (France), Nippon Seisen Co., Ltd. (Japan), Ugitech S.A. (France), Fibrometals (Romania), Green Steel Group (Italy), HuNan HuiTong Advanced Materials CO., LTD. (China), Bekaert (Belgium), Ribbon Technology Corporation (US), Fibercon International Inc. (US), IntraMicron Inc. (US), among others.
Steel Fiber Market Regional Analysis:
Regionally, the global steel fiber market has been considered for the prominent regions of Asia-Pacific, Latin America, Europe, North America, as well as the Middle East & Africa.
Ahead of other regions with the highest growth rate is the region of Asia Pacific, backed by the rapidly expanding construction sector. In addition, the technological developments within the manufacturing sector supported by various government initiatives coupled with the speedy rate of expansion of numerous end-user industries such as electrical and transportation will be responsible for the transformation of the regional market in the following years. Moreover, the manufacturers in the region are constantly striving to improve the quality of the product, in order to augment its appeal and subsequently the demand. This factor will turn the region into one of the most formidable markets at a global level. Yuthian Zithai Steel Fiber Manufacturing Co. Limited. Is one of the top steel fiber manufacturing companies in the region.
Steel Fiber Market Segmentation:
The market for steel fiber is segmented on the basis of type, application and end-user.
The global steel fiber market, type-wise, is considered for hooked steel fiber, straight steel fiber, deformed steel fiber, and crimped steel fiber. Out of these, the hooked steel fiber made for the largest share of the total market, on account of the strong demand in the concrete reinforcement for building hydraulic structures, bridges, explosion resistance structures and high pavements.
Steel fiber finds applications in concrete reinforcement, refractories and composite reinforcement. Out of all these, the concrete reinforcement segment managed to grab the largest share in 2018. The segment left all the competition behind due to various factors, including the considerably high demand for the reduction of the negative impacts of brittleness of a concrete. This leads to an increase in the total strength of the structure.
Steel Fiber Market Table Of Contents to be Continue……,
Browse key industry insights spread across 140 pages with 47 market data tables & 16 figures & charts from the report, “Steel Fiber Market Information by Type (Hooked Steel Fiber, Straight Steel Fiber, Deformed Steel Fiber), Application (Concrete reinforcement, Composite Reinforcement,), End-Use (Buildings & Construction, Transportation) and Region – Growth Potential, Price Trends, Competitive Market Share & Forecast, 2023” in detail along with the table of contents @ https://www.marketresearchfuture.com/reports/steel-fiber-market-7296
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