Steel fibers exhibit superior properties of tensile strength, shear strength, crack resistance, durability and corrosion resistance. Thus steel fibers are mainly used in reinforcement of the concrete to overcome the problem of concrete brittleness as well as to provide a better finish.
The global steel fiber market is valued at USD 1732.5 million in 2019. The market size will reach USD 2111.7 million by the end of 2026 and Europe is one of the fastest-growing markets for steel fibers, with numerous infrastructural developments taking place across the region.
Steel fiber market is segmented by type, and application while pavements and tunneling are likely to generate the maximum demand in the forthcoming years. In terms of revenue, the segment is anticipated to register a CAGR of 7.4% from 2019 to 2025.
The production process is divided into cutting, shearing type and melting type.
Cold drawing cut steel fibers produced by SPAJIC are one of the most widely used steel fibers in the industry. Hydraulic structures, airport and highway paving, industrial floor, refractory concrete, bridge decks, shotcrete linings, and explosion resistant structures..
The cold drawn manufacturing process is more accurate and has a better surface finish than hot extruded parts.
With the development of infrastructure in the emerging and developed economies, the construction of roads and commercial buildings and river banking projects have witnessed tremendous investments. These civil construction projects boost the consumption of steel fiber materials that are durable and cost-effective with long-lasting solutions.
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