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Steel Fiber Market worth $2.44 billion by 2029- Exclusive Report by MarketsandMarkets™

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The report Steel Fiber Market  by Type (Hooked, Straight, Deformed, Crimped), Manufacturing Process (Cold Drawn, Cut Wire, Melt Extract, Slit Sheet), Application (Concrete Reinforcements, Composite Reinforcements, Refractories), & Region- Global Forecast to 2029, Steel Fiber Market is estimated at USD 1.96 billion in 2024 and is projected to reach USD 2.44 billion by 2029, at a CAGR of 4.5% from 2024 to 2029.

The growth of the Steel fiber Market is being driven by several factors, including increasing demand from construction industry, high tensile & shear strength of steel fiber compared to synthetic fibers, increasing demand for steel fibers in automotive composites. The surge in usage of glass and synthetic fibers and high cost of steel fibers over traditional reinforcement materials could hinder market growth. Technological advancements and innovation in manufacturing techniques, will boost the Steel fiber Market.
Browse in-depth TOC on “Steel Fiber Market”
166 – Tables58 – Figures226– Pages
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“Hooked type segment accounted for largest market share o by type steel fiber market in 2023.”
Numerous end-use industries, including refractories, composite reinforcement, and concrete reinforcement, use hooked end steel fibers. These fibers find employment in a variety of settings, including equipment foundations, blast-resistant concrete, airport pavements, and industrial slabs. Foam steel fiber demand is rising since there is an increased need for sustainable and lightweight materials. Between 2024 and 2029, there will be a sharp increase in demand for foam steel fiber across a range of end-use industries due to the revival of the supply chain and OEMs beginning full operations.
“Cold Drawn segment accounted for largest market share of by the steel fiber market in 2023.”
Pulling the steel wire through a die reduces its diameter in cold drawing. This process yields superior fibers with improved mechanical properties, dimensional accuracy, and surface smoothness, making them ideal for increasing concrete’s strength. Hooked steel fibers are often made from cold-drawn fibers due to their excellent pullout behavior and bonding. This method allows the use of less expensive materials while maintaining strength standards.
“Concrete reinforcement segment accounted for largest market share of by steel fiber application market in 2023.”
Concrete reinforcement is used in flooring, roof slabs, bridges, water tanks, sports arenas, conference rooms, tunnel lining, dams, canal lining, and blast-resistant buildings. Tunnel lining and flooring applications have the largest demand for steel fiber in concrete reinforcing applications. Steel is added to concrete to provide concrete reinforcement, which combines the two materials’ resistance to stresses. Since plain concrete cannot endure the tensile and shear loads brought on by natural disasters like earthquakes, winds, and vibrations, reinforced concrete is frequently employed in their place.
“Asia Pacific region is expected to register the highest CAGR in terms of value during the forecasted period.”
The carbon fiber market has been studied in North America, Europe, Asia Pacific, Latin America and Middle East and Africa.
Asia Pacific led the steel fiber market, in terms of value, in 2023 and is projected to register a CAGR of 4.8% between 2024 and 2029. The Asia Pacific steel fiber market is expanding due to increased demand in a variety of applications, including reinforcing concrete, composites, and refractories. Steel fibers are extensively employed in the building and construction industries. China, India, Japan, and South Korea dominate the markets in these end-use sectors. The steel fiber market is expanding due to an increasing emphasis on sustainable building materials in various countries. These materials can be sourced from recycled steel. Increased investment in the building and construction industries has also led to the expansion of the steel fiber market.
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The key players profiled in the report include Bekaert (Belgium), ArcelorMittal (Luxembourg), Nippon Seisen Co., Ltd. (Japan), Fibrometals (Romania), Sika AG (Switzerland), Jiangsu Shagang Group Co., Ltd.(China), Zhejiang Boen Metal Products Co., Ltd. (China), Green Steel Group (Italy), Spajic Doo (Serbia), Kosteel Co., Ltd. (South Korea), Severstal (Russia), Enviromesh Pty ltd. (Australia), Hunan Shuanxing Steel Fiber Co., Ltd. (China), and Kerakoll SPA (Italy) among others.
Browse Adjacent Market: Mining, Minerals and Metals Market Research Reports & Consulting
Related Reports:
Carbon Fiber Market – Global Forecast to 2028
Basalt Fiber Market– Global Forecast to 2027

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Unveiling the Complex Psychological Implications of Artificial Intelligence

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In today’s world, the realm of artificial intelligence (AI) presents us with fascinating possibilities and unsettling dilemmas. From engaging in nuanced conversations with humanoid robots to grappling with the consequences of deepfake technology, the advancements in AI have far-reaching implications that extend into the realm of human psychology, as noted by Joel Pearson, a cognitive neuroscientist at the University of New South Wales.
While AI holds the promise of simplifying our lives, Pearson emphasizes that these developments can also have profound effects on our mental well-being, challenging our perceptions and emotional responses in ways we may not fully comprehend. Despite our fears of killer robots and rogue self-driving cars, Pearson suggests that the psychological impacts of AI are equally if not more significant, albeit less tangible.
One area of concern highlighted by Pearson is the tendency for humans to anthropomorphize AI entities, attributing human-like qualities to non-human agents such as chatbots. This phenomenon can lead to emotional attachments and vulnerabilities, as evidenced by individuals who develop romantic feelings for AI companions like Replika. Pearson underscores the need for further research into the implications of these human-AI relationships, particularly regarding their impact on interpersonal dynamics and emotional health.
Furthermore, Pearson raises alarm about the proliferation of deepfake technology, which has the potential to distort our perception of reality and erode trust in media. Deepfake images and videos, often used for nefarious purposes like non-consensual pornography, can leave lasting impressions on our psyche, even after their falsity is exposed. Pearson warns of the long-term effects of exposure to such content, particularly on vulnerable populations like teenagers whose developing brains may be more susceptible to manipulation.
In response to these challenges, Pearson calls for a nuanced understanding of AI’s psychological impact and advocates for a proactive approach to addressing its potential harms. He stresses the importance of prioritizing human connection and well-being in the face of technological uncertainty, urging individuals to reflect on their values and embrace activities that foster genuine human interaction.
Ultimately, Pearson’s message serves as a reminder that while AI offers immense potential, we must remain vigilant about its unintended consequences and prioritize our mental and emotional resilience in navigating an increasingly AI-driven world. By acknowledging the psychological implications of AI and engaging in thoughtful dialogue, we can work towards harnessing its benefits while mitigating its risks.
Source: abc.net.au

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US official calls on China and Russia to affirm human, not AI, control over nuclear weapons

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Senior U.S. Official Urges China and Russia to Affirm Human Control Over Nuclear Weapons
In a recent online briefing, Paul Dean, an arms control official from the State Department, called on China and Russia to align their declarations with those of the United States and other nations. He stressed the importance of ensuring that only humans, not artificial intelligence, are responsible for decisions regarding the deployment of nuclear weapons.
Dean highlighted Washington’s firm commitment to maintaining human control over nuclear weapons, a commitment echoed by France and Britain. He expressed the hope that China and Russia would issue similar statements, emphasizing the significance of this norm of responsible behavior, especially within the context of the five permanent members of the United Nations Security Council.
These remarks coincide with efforts by the administration of U.S. President Joe Biden to engage in separate discussions with China on nuclear weapons policy and the development of artificial intelligence.
While the Chinese defense ministry has yet to respond to these comments, discussions on artificial intelligence emerged during recent talks between U.S. Secretary of State Antony Blinken and China’s Foreign Minister Wang Yi in Beijing. Both parties agreed to hold their first bilateral talks on artificial intelligence in the coming weeks, aiming to address concerns about the technology’s risks and safety.
Although U.S. and Chinese officials resumed nuclear weapons discussions in January as part of efforts to normalize military communications, formal arms control negotiations are not expected in the near future. Meanwhile, China, amid its expansion of nuclear capabilities, previously suggested that the largest nuclear powers should prioritize negotiating a no-first-use treaty between each other.
Source: reuters.com

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Enterprise AI Faces Looming Energy Crisis

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The widespread adoption of artificial intelligence (AI) has been remarkable, but it has come at a significant cost.
R K Anand, co-founder and chief product officer at Recogni, highlighted the exponential growth in data and compute power required to train modern AI systems. He emphasized that firms must invest substantial resources, both in terms of time and money, to train some of today’s largest foundational models.
Moreover, the expenditure doesn’t end once the models are trained. Meta, for instance, anticipates spending between $35 billion and $40 billion on AI and metaverse development this fiscal year. This substantial investment underscores the ongoing financial commitment necessary for AI development.
Given these challenges, Anand stressed the importance of developing next-generation AI inference solutions that prioritize performance and power efficiency while minimizing total ownership costs. He emphasized that inference is where the scale and demand of AI will be realized, making efficient technology essential from both a power cost and total cost of operations perspective.
AI inference, which follows AI training, is crucial for real-world applications of AI. Anand explained that while training builds the model, inference involves the AI system producing predictions or conclusions based on existing knowledge.
However, inference also represents a significant ongoing cost in terms of power and computing. To mitigate these expenses, Anand suggested methods such as weight pruning and precision reduction through quantization to design more efficient models.
Since a large portion of an AI model’s lifespan is spent in inference mode, optimizing inference efficiency becomes crucial for lowering the overall cost of AI operations.
Anand highlighted the importance of efficient inference for enterprises, noting that it enables higher productivity and returns on investment. However, he cautioned that without favorable unit economics, the AI industry could face challenges, especially considering the increasing volume of data.
Ultimately, Anand emphasized the need for AI solutions that increase productivity without significantly increasing operating costs. He predicted a shift towards allocating a larger portion of computing resources to inference as AI becomes more integrated into day-to-day work.
Source: pymnts.com

 
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