GITNUX MARKETDATA REPORT 2024
Steel Fiber Industry Statistics
Steel fiber industry statistics indicate a steady growth in demand due to increased construction activities and infrastructure projects worldwide.
In this post, we will explore key statistics and insights into the global steel fiber industry, highlighting market values, growth projections, regional trends, and sector-specific demand dynamics. From the dominance of Asia-Pacific in the market to the anticipated growth in Europe and specific country-level analyses, we will provide a comprehensive overview of the steel fiber industry landscape.
Statistic 1
"The global steel fiber market was valued at USD 2 billion in 2018."
Statistic 2
"The steel fiber industry is expected to register a CAGR of over 5% during 2021-2026."
Statistic 3
"The building & construction sector holds the majority share in usage of Steel fiber, accounting for around 45%."
Statistic 4
"Asia-Pacific region dominates the global steel fiber market."
Statistic 5
"Europe is estimated to record the fastest growth in the steel fiber industry."
Statistic 6
"The steel fiber industry in China accounts for almost 45% of global consumption."
Statistic 7
"The demand for steel fiber in India is expected to grow at 6.2% per year."
Statistic 8
"The U.S overall demand for steel fiber was 40 kilotons in 2019."
Statistic 9
"In 2018, the hook end steel fiber segment accounted for more than 45% of the overall volume share."
Statistic 10
"Steel fiber consumption in the composite reinforcement segment is expected to grow at a 6.5% CAGR from 2019 to 2025."
Statistic 11
"Japan's steel fiber market size is estimated to exceed 600 million USD by 2024."
Statistic 12
"The steel fiber industry in Saudi Arabia is expected to grow at a 5.4% CAGR during 2020-2026."
Statistic 13
"The global market for cold-drawn wire steel fiber is projected to reach 1.16 billion USD by 2025."
Statistic 14
"The concrete reinforcement application of steel fiber will account for around 85% of global share by 2026."
Statistic 15
"Industrial applications of steel fibers are expected to grow by 6.4% CAGR during 2018-2024."
Statistic 16
"The global steel fiber market for manufacturing industry applications is projected to surpass 450M USD by 2024."
Jannik Lindner
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