Market Overview:
The global steel fiber in underground market is estimated to be valued at US$ XX Mn in 2018 and is projected to reach US$ XX Mn by 2030, exhibiting a CAGR of X.X% during the forecast period. The growth of the global steel fiber in underground market can be attributed to the increasing demand for tunneling and mining applications. Steel fibers are used as reinforcement material in concrete, mortar, grout or asphalt mixtures for construction applications such as bridges, highways, airport runways and parking garages.
Product Definition:
Steel fiber is a reinforcement material made of steel fibers which are used in underground construction. The main benefits of using steel fiber are that it increases the tensile strength and ductility of concrete, which leads to increased durability and reduced cracking.
Cold-drawn Steel Wire Fibers:
The global cold-drawn steel wire fibers market size was valued at USD 1.6 billion in 2015 and is expected to grow at a CAGR of XX% from 2016 to 2024 on account of its rising demand in the construction industry for reinforcement purposes. The product finds application in reinforcing steel fiber reinforced concrete, which is used for constructing buildings and other infrastructural works.
Cold-drawn Shaved Steel Fibers:
The global cold-drawn shaved steel fibers and its usage in the steel fiber in underground construction market size was valued at USD 6.5 billion in 2016. The increasing demand for high strength, durable, and lightweight structural components is expected to drive industry growth over the forecast period.
Steel fiber reinforced polymer (SFRP) products are witnessing a rapid increase owing to their use as reinforcement material for concrete structures such as highways, bridges, flyovers & tunnels.
Application Insights:
Tunnel application led the global steel fiber in underground market and accounted for more than 45.0% share of the overall revenue in 2017. Steel fibers have excellent properties such as high tensile strength, good chemical resistance, low weight and cost which makes it a favorable option for tunnel construction. Moreover, increasing demand to build a nine-mile railway tunnel between China and Russia is expected to drive the product demand over the forecast period.
Mine application is projected to grow at CAGR of XX% from 2018 to 2030 owing to rising use of steel fibers in mining applications including coal mines, metal mines.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The region is home to several emerging economies, including China, India, and Japan. Rapid industrialization coupled with increasing per capita income has resulted in an increased demand for steel fiber products from end-users across the construction sector as well as infrastructure development activities.
The growing infrastructural developments across Asia Pacific are also anticipated to drive product demand owing to their superior properties of lightweighting and high strength compared to other metals such as steel or aluminum. In addition, rising government initiatives towards urbanization are likely to propel industry growth over the coming years. For instance, according lo Asian Infrastructure Investment Bank (AIIB), it plans on investing USD X billion by 2020 for building transport networks across Asia which includes roads & highways projects along with aviation networks such as airports expansion & modernization programs etc.
Growth Factors:
- Increasing demand for steel fiber in underground construction owing to its high strength and durability.
- Rising awareness about the benefits of using steel fiber in underground construction projects among contractors, engineers, and architects.
- Growing use of steel fiber in tunneling and mining applications due to its superior properties such as toughness and wear resistance.
- Technological advancements that have led to the development of new products with enhanced performance characteristics such as corrosion resistance and fatigue life which is further fueling the demand for steel fiber in underground market .
Scope Of The Report
Report Attributes
Report Details
Report Title
Steel Fiber in Underground Market Research Report
By Type
Cold-drawn Steel Wire Fibers, Cold-drawn Shaved Steel Fibers
By Application
Tunnel, Mine, Other
By Companies
Cemex, Euclid Chemical, Fibercon International, Fibermesh (Sika), Bekaert, Nycon, ABC Polymer Industries, ISW Corporation, KrampeHarex, ArcelorMittal, Kasturi Metal Composite, Stewols India, Maccaferri, HIC Corporation, Sunny Metals, JATLAS, Fibrezone India
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
223
Number of Tables & Figures
157
Customization Available
Yes, the report can be customized as per your need.
Global Steel Fiber in Underground Market Report Segments:
The global Steel Fiber in Underground market is segmented on the basis of:
Types
Cold-drawn Steel Wire Fibers, Cold-drawn Shaved Steel Fibers
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Tunnel, Mine, Other
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Cemex
- Euclid Chemical
- Fibercon International
- Fibermesh (Sika)
- Bekaert
- Nycon
- ABC Polymer Industries
- ISW Corporation
- KrampeHarex
- ArcelorMittal
- Kasturi Metal Composite
- Stewols India
- Maccaferri
- HIC Corporation
- Sunny Metals
- JATLAS
- Fibrezone India
Highlights of The Steel Fiber in Underground Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Cold-drawn Steel Wire Fibers
- Cold-drawn Shaved Steel Fibers
- By Application:
- Tunnel
- Mine
- Other
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Steel Fiber in Underground Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
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- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Steel fiber is a type of underground cable that can carry a large amount of data. It is made up of small strands of steel that are tightly woven together. This makes it strong and able to carry a lot of data without breaking.
Some of the major companies in the steel fiber in underground market are Cemex, Euclid Chemical, Fibercon International, Fibermesh (Sika), Bekaert, Nycon, ABC Polymer Industries, ISW Corporation, KrampeHarex, ArcelorMittal, Kasturi Metal Composite, Stewols India, Maccaferri, HIC Corporation, Sunny Metals, JATLAS, Fibrezone India.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Steel Fiber in Underground Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Steel Fiber in Underground Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Steel Fiber in Underground Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Steel Fiber in Underground Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Steel Fiber in Underground Market Size & Forecast, 2020-2028
4.5.1 Steel Fiber in Underground Market Size and Y-o-Y Growth
4.5.2 Steel Fiber in Underground Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Cold-drawn Steel Wire Fibers
5.2.2 Cold-drawn Shaved Steel Fibers
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Tunnel
6.2.2 Mine
6.2.3 Other
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Steel Fiber in Underground Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Steel Fiber in Underground Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Cold-drawn Steel Wire Fibers
9.6.2 Cold-drawn Shaved Steel Fibers
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Tunnel
9.10.2 Mine
9.10.3 Other
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Cold-drawn Steel Wire Fibers
10.6.2 Cold-drawn Shaved Steel Fibers
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Tunnel
10.10.2 Mine
10.10.3 Other
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Cold-drawn Steel Wire Fibers
11.6.2 Cold-drawn Shaved Steel Fibers
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Tunnel
11.10.2 Mine
11.10.3 Other
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Cold-drawn Steel Wire Fibers
12.6.2 Cold-drawn Shaved Steel Fibers
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Tunnel
12.10.2 Mine
12.10.3 Other
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Cold-drawn Steel Wire Fibers
13.6.2 Cold-drawn Shaved Steel Fibers
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Tunnel
13.10.2 Mine
13.10.3 Other
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Steel Fiber in Underground Market: Competitive Dashboard
14.2 Global Steel Fiber in Underground Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Cemex
14.3.2 Euclid Chemical
14.3.3 Fibercon International
14.3.4 Fibermesh (Sika)
14.3.5 Bekaert
14.3.6 Nycon
14.3.7 ABC Polymer Industries
14.3.8 ISW Corporation
14.3.9 KrampeHarex
14.3.10 ArcelorMittal
14.3.11 Kasturi Metal Composite
14.3.12 Stewols India
14.3.13 Maccaferri
14.3.14 HIC Corporation
14.3.15 Sunny Metals
14.3.16 JATLAS
14.3.17 Fibrezone India
