Global Steel Fiber Market Size, Share, and COVID-19 Impact Analysis, By Product (Hooked, Straight, Deformed, and Others), By Application (Slabs & Flooring, Precast, Pavements & Tunnelling, and Others), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2025 - 2035.

Global Steel Fiber Market Insights Forecasts to 2035

• The Global Steel Fiber Market Size Was Estimated at USD 2.35 Billion in 2024
• The Market Size is Expected to Grow at a CAGR of around 5.07% from 2025 to 2035
• The Worldwide Steel Fiber Market Size is Expected to Reach USD 4.05 Billion by 2035
• North America is expected to grow the fastest during the forecast period.

The global steel fiber market size was worth around USD 2.35 billion in 2024 and is predicted to grow to around USD 4.05 billion by 2035 with a compound annual growth rate (CAGR) of 5.07% from 2025 to 2035. The growing demand for steel fibers across the construction and automotive industries is driving the steel fibers market globally.

Market Overview

The steel fiber market is an industry that emphasizes the production and sale of steel fibers, which are short, discontinuous strands of steel used to reinforce various materials, such as concrete. Steel fiber is a low-carbon, cold-drawn wire fiber manufactured in compliance with ASTM A820/A820M. It provides higher energy absorption and increases concrete ductibility, specifically engineered for use as shrinkage and temperature (secondary) reinforcement. The fiber has emerged as a transformative component across various sectors, offering unprecedented technological solutions. The steel fiber market is primarily driven by an increasing need for high-performance construction materials, infrastructure development, and sustainable building solutions. The inclination towards eco-friendly and resilient building techniques, driven by the growing emphasis on sustainability and energy-efficient building methods, is driving the use of steel fiber-reinforced concrete, which helps reduce waste and resource consumption. Furthermore, innovations in construction materials, including the use of technology such as steel fibers in precast applications and 3D printing, are creating opportunities for market growth.

Report Coverage

This research report categorizes the steel fiber market based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the Steel Fiber market. Recent market developments and competitive strategies such as expansion, type launch, development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segment of the steel fiber market.

Driving Factors

The widespread application of steel fiber in the construction sector, including industrial floors, tunnels, precast concrete elements, shotcrete, and even in bridges and dams, is driving the steel fiber market expansion. The high electrical conductivity and excellent thermal corrosion resistance of steel fibers are responsible for its market demand. In the automobile industry, steel fibers are used as sound absorbers or brake coverage. Further, increasing investments in the building of highways, buildings, and channels for river banking aid in propelling the market for steel fiber.

Restraining Factors

The increasing use of conventional materials such as synthetic and glass fibers for use in concrete reinforcement is restricting the steel fiber market. Further, the susceptibility of steel fibers to corrosion is hampering the market.

Market Segmentation

The steel fiber market share is classified intoproduct and application.

• The hooked steel fibers segment dominated the market with the largest revenue share in 2024 and is projected to grow at a substantial CAGR during the forecast period.

Based on the product, the steel fiber market is divided into hooked, straight, deformed, and others. Among these, the hooked steel fibers segment dominated the market with the largest revenue share in 2024 and is projected to grow at a substantial CAGR during the forecast period. Hooked steel fibers are known for enhancing the mechanical properties of concrete, making it more resilient and durable. The widespread adoption of hooked steel fiber for industrial flooring, tunnel linings, and shortcrete applications is driving the segmental market growth.

• The slabs & flooring segment accounted for the largest revenue share in 2024 and is anticipated to grow at a significant CAGR during the forecast period.

Based on the application, the steel fiber market is divided into slabs & flooring, precast, pavements & tunnelling, and others. Among these, the slabs & flooring segment accounted for the largest revenue share in 2024 and is anticipated to grow at a significant CAGR during the forecast period. Enterprises typically install a concrete grade slab with reinforcement to accommodate loads, control shrinkage, and prevent cracks. The growing demand for non-structural and architectural building components, with concrete reinforcement, is driving the steel fiber market in the slabs & flooring segment.

Regional Segment Analysis of the Steel Fiber Market

• North America (U.S., Canada, Mexico) 
• Europe (Germany, France, U.K., Italy, Spain, Rest of Europe)
• Asia-Pacific (China, Japan, India, Rest of APAC)
• South America (Brazil and the Rest of South America) 
• The Middle East and Africa (UAE, South Africa, Rest of MEA)

Asia Pacific is anticipated to hold the largest share of the steel fiber market over the predicted timeframe.

Asia Pacific is anticipated to hold the largest share of the steel fiber market over the predicted timeframe. The rapid urbanization and extensive infrastructure development, along with the investment in green buildings and sustainable construction techniques, are driving the steel fiber market. Further, rapid expansion of end-use industries, including transportation and electrical, along with the implementation of government initiatives, are contributing to propelling the market for steel fiber.

North America is expected to grow at a rapid CAGR in the steel fiber market during the forecast period. Significant infrastructure reconstruction activities and demand in the mining & construction industries are driving the steel fiber market in the region. The rapid development across the electrical, defense, aerospace, and electronics industries, in countries like the United States, is responsible for regional market growth.    

Europe is anticipated to hold a significant share of the steel fiber market during the projected period. The growing demand for high-strength, corrosion-resistant materials across industries, including automotive, aerospace, and construction, is driving the market demand for steel fiber. Further, the growing adoption of steel fibre in industrial flooring, warehouses, parking lots, and other end-use industries is propelling the market.

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the steel fiber market, along with a comparative evaluation primarily based on their type of offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes type development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.

List of Key Companies

• Arcelor Mittal
• Bekaert
• Fibrometals
• Nippon Seisen
• Zhejiang Boean Metal Products
• Green Steel Group
• Spajic Doo
• Hunan Sunshine Steel Fiber
• Yuthian Zhitai Steel Fiber Manufacturing
• R. STAT
• Others

Key Target Audience

• Market Players
• Investors
• End-users
• Government Authorities 
• Consulting And Research Firm
• Venture capitalists
• Value-Added Resellers (VARs) 

Recent Development

• In March 2023, Bekaert joined Solar Impulse Foundation as a partner to advance sustainability efforts. Bekaert announced that it has become a partner of the Solar Impulse Foundation, a key non-profit foundation established by Bertrand Piccard, dedicated to promoting sustainable and profitable solutions.

Market Segment

This study forecasts revenue at global, regional, and country levels from 2020 to 2035. Spherical Insights has segmented the steel fiber market based on the below-mentioned segments: 

Global Steel Fiber Market, By Product

• Hooked
• Straight
• Deformed
• Others

Global Steel Fiber Market, By Application

• Slabs & Flooring
• Precast
• Pavements & Tunnelling
• Others

Global Steel Fiber Market, By Regional Analysis

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Russia
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Rest of Asia Pacific
• South America
  • Brazil
  • Argentina
  • Rest of South America
• Middle East & Africa
  • UAE
  • Saudi Arabia
  • Qatar
  • South Africa
  • Rest of the Middle East & Africa