Global Steel Fiber Market Size & Outlook, 2025-2030
The global steel fiber market size was estimated at USD 2,440.7 million in 2024 and is projected to reach USD 3,186.2 million by 2030, growing at a CAGR of 5.3% from 2025 to 2030.
Revenue, 2024 (US$M)
$2,440.7
Forecast, 2030 (US$M)
$3,186.2
CAGR, 2025 - 2030
5.3%
Report Coverage
Worldwide
Global steel fiber market, 2018-2030 (US$M)
Related Markets
Global steel fiber market highlights
- The global steel fiber market generated a revenue of USD 2,440.7 million in 2024 and is expected to reach USD 3,186.2 million by 2030.
- The market is expected to grow at a CAGR (2025 - 2030) of 5.3% by 2030.
- In terms of segment, hooked accounted for a revenue of USD 1,609.4 million in 2024.
- Hooked is the most lucrative product segment registering the fastest growth during the forecast period.
- In terms of region, Asia Pacific was the largest revenue generating market in 2024.
- Country-wise, Malaysia is expected to register the highest CAGR from 2025 to 2030.
Global data book summary
| Market revenue in 2024 | USD 2,440.7 million |
| Market revenue in 2030 | USD 3,186.2 million |
| Growth rate | 5.3% (CAGR from 2025 to 2030) |
| Largest segment | Hooked |
| Fastest growing segment | Hooked |
| Historical data covered | 2018 - 2023 |
| Base year for estimation | 2024 |
| Forecast period covered | 2025 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Hooked, Straight, Deformed |
Other key industry trends
- In terms of revenue, the North America accounted for 23.7% of the global steel fiber market in 2024.
- By country, the U.S. is projected to lead the global market in terms of revenue in 2030.
- By country, Malaysia is the fastest growing regional market and is projected to reach USD 72.7 million by 2030.
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Steel Fiber Market Scope
Steel fiber market segmentation & scope
Steel Fiber Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Nippon Seiki | View profile | 251-500 | Niigata, Niigata, Japan, Asia | http://www.nippon-seiki.co.jp |
| NV Bekaert SA | View profile | 23959 | Bekaertstraat 2, Zwevegem, Belgium, BE-8550 | https://www.bekaert.com |
| ArcelorMittal SA Depository Receipt | View profile | 126756 | 24-26, Boulevard d’Avranches, Luxembourg, Luxembourg, L-1160 | http://www.arcelormittal.com |
| Sika AG | View profile | 33547 | Zugerstrasse 50, Baar, Switzerland, 6340 | https://www.sika.com |
Global steel fiber market size, by regions, 2018-2030 (US$M)
Top 10 countries: Steel fiber market size, 2024 (US$M)
Global steel fiber market share, by application, 2024 & 2030 (%, US$M)
Steel fiber market: Opportunity assessment by country
Global steel fiber market, by region, 2024 (US$M)
Related statistics
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