Global Steel Fiber Market Growth, Share, Size, Trends and Forecast (2025 - 2031)

By Type;

Hooked Steel Fiber, Straight Steel Fiber, Crimped Steel Fiber, Deformed Steel Fiber, and Others.

By Manufacturing Process;

Cut Wire/ Cold Drawn, Slit Sheet, Melt Extract, and Others.

By Industry Vertical;

Construction, Polymer, Automotive, and Others.

By Application;

Concrete Reinforcement, Composite Reinforcement, Refractories, and Others.

By Geography;

North America, Europe, Asia Pacific, Middle East & Africa, and Latin America - Report Timeline (2021 - 2031).
Report ID: Rn649314253 Published Date: May, 2025 Updated Date: June, 2025

Steel Fiber Market Overview

Steel Fiber Market (USD Million)

Steel Fiber Market was valued at USD 2,649.23 million in the year 2024. The size of this market is expected to increase to USD 3,533.41 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 4.2%.


Global Steel Fiber Market Growth, Share, Size, Trends and Forecast

*Market size in USD million

CAGR 4.2 %


Study Period2025 - 2031
Base Year2024
CAGR (%)4.2 %
Market Size (2024)USD 2,649.23 Million
Market Size (2031)USD 3,533.41 Million
Market ConcentrationHigh
Report Pages332
2,649.23
2024
3,533.41
2031

Major Players

  • Arcelor Mittal
  • Bekaert
  • Fibro Metals
  • Nippon Seisen
  • Zhejiang Boean Metal Products
  • Green Steel Group
  • Spajic Doo
  • Hunan Sunshine Steel Fiber
  • Yutian Zhitai Steel Fiber Manufacturing
  • R. Stat

Market Concentration

Consolidated - Market dominated by 1 - 5 major players

Global Steel Fiber Market

Fragmented - Highly competitive market without dominant players


The Steel Fiber Market continues to gain traction, supported by its increasing use in construction reinforcement and industrial flooring. Offering enhanced durability and crack resistance, steel fibers are now utilized in about 35% of structural concrete applications. Their superior performance in high-stress environments is positioning them as a preferred alternative to conventional reinforcement methods.

Steel fibers are seeing rising demand due to their high tensile strength and impact resistance, which play a pivotal role in civil engineering, tunnel lining, and precast concrete applications. Around 28% of modern construction projects incorporate steel fiber technology, highlighting the growing shift towards more robust and reliable reinforcement materials.

Technological Advancements
Innovations in fiber shapes and bonding techniques, including hooked-end and crimped varieties, are elevating the performance of steel fibers. More than 30% of ongoing R&D initiatives focus on improving material compatibility and custom reinforcement solutions, making steel fibers more versatile across multiple applications.

Future Outlook
As infrastructure investment shifts toward eco-friendly and long-lasting solutions, steel fiber is playing an increasingly critical role. Approximately 40% of green building initiatives now incorporate advanced reinforcement materials like steel fiber. The market is poised to thrive in alignment with global trends favoring sustainable construction and material optimization.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Type
    2. Market Snapshot, By Manufacturing Process
    3. Market Snapshot, By Industry Vertical
    4. Market Snapshot, By Application
    5. Market Snapshot, By Region
  4. Steel Fiber Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Infrastructure growth
        2. Demand for durable materials
        3. Sustainable construction
        4. Performance advantages
      2. Restraints
        1. High initial costs
        2. Lack of awareness
        3. Competition from alternatives
      3. Opportunities
        1. Innovative applications
        2. Green building initiatives
        3. Infrastructure rehabilitation
    2. PEST Analysis
      1. Political Analysis
      2. Economic Analysis
      3. Social Analysis
      4. Technological Analysis
    3. Porter's Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitutes
      4. Threat of New Entrants
      5. Competitive Rivalry
  5. Market Segmentation
    1. Steel Fiber Market, By Type, 2021 - 2031 (USD Million)
      1. Hooked Steel Fiber
      2. Straight Steel Fiber
      3. Crimped Steel Fiber
      4. Deformed Steel Fiber
      5. Others
    2. Steel Fiber Market, By Manufacturing Process, 2021 - 2031 (USD Million)
      1. Cut Wire/ Cold Drawn
      2. Slit Sheet
      3. Melt Extract
      4. Others
    3. Steel Fiber Market, By Industry Vertical, 2021 - 2031 (USD Million)

      1. Construction

      2. Polymer

      3. Automotive

      4. Others

    4. Steel Fiber Market, By Application, 2021 - 2031 (USD Million)
      1. Concrete Reinforcement
      2. Composite Reinforcement
      3. Refractories
      4. Others
    5. Steel Fiber Market, By Geography, 2021 - 2031 (USD Million)
      1. North America
        1. United States
        2. Canada
      2. Europe
        1. Germany
        2. United Kingdom
        3. France
        4. Italy
        5. Spain
        6. Nordic
        7. Benelux
        8. Rest of Europe
      3. Asia Pacific
        1. Japan
        2. China
        3. India
        4. Australia & New Zealand
        5. South Korea
        6. ASEAN (Association of South East Asian Countries)
        7. Rest of Asia Pacific
      4. Middle East & Africa
        1. GCC
        2. Israel
        3. South Africa
        4. Rest of Middle East & Africa
      5. Latin America
        1. Brazil
        2. Mexico
        3. Argentina
        4. Rest of Latin America
  6. Competitive Landscape
    1. Company Profiles
      1. Arcelor Mittal
      2. Bekaert
      3. Fibro Metals
      4. Nippon Seisen
      5. Zhejiang Boean Metal Products
      6. Green Steel Group
      7. Spajic Doo
      8. Hunan Sunshine Steel Fiber
      9. Yutian Zhitai Steel Fiber Manufacturing
      10. R. Stat
  7. Analyst Views
  8. Future Outlook of the Market