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From its 2022 valuation of USD 2.22 billion, the global market for concrete fiber is expected to increase at a CAGR of 7.9% from 2023’s USD 2.39 billion to 2030’s USD 3.78 billion.
Rising public investment in infrastructure construction and a focus on employing eco-friendly building materials are both expected to contribute to the industry's growth. Demand for concrete fibers is expected to rise in tandem with the growth of the off-site construction industry. Population growth, increased urbanization, and industrialization in developing countries are all positive indicators for the future of the global construction industry. The resultant rise in construction activity is expected to enhance demand for reinforced concrete. A boost in commercial construction activity is expected to drive the market as the economy improves. As industries like the food and consumer products sectors grow, so does the demand for additional office and storage space. The demand for paving slabs as resilient and aesthetically pleasing flooring has increased significantly as a result.
A highly interconnected supply chain for manufacturers is the result of the many people and organizations involved in the production and manufacture of the raw materials used to construct paving slabs. Most market players also have access to a sizable direct distribution network that ensures a steady stream of products and helps the market expand. Consumers now have more bargaining power as a result of the proliferation of retailers offering increasingly high-quality goods at low prices and with little to differentiate them.
Product-Specific Analysis of the Concrete Fibre Market
Polyethylene (PE) fiber reinforced concrete accounted for 8.43% of the market in terms of revenue in 2022 due to limitations in the production of such goods with high-stress resistance. Demand is expected to rise during the forecast period as manufacturers invest more resources into R&D to boost product stiffness and strength. Polypropylene (PP) reinforced goods have been replacing steel in many manufacturing applications because of their many desirable qualities, such as portability, light weight, resistance to corrosion, and rapid dispersion. The product's enormous success can also be attributed to its success in reducing fatalities in earthquake-prone areas.
Pipelines, septic tanks, and tunnel linings all benefit from steel fiber reinforced concrete, therefore its use is predicted to rise throughout the forecasted time frame. These fibers are also used for reconstructing old pavements to thin them out and boost impact resistance, which contributes to the product's high volume of usage.
Market Analysis of Concrete Fibre for Various End Uses
The volume of the concrete fiber market in the building and construction industry is forecast to grow at a CAGR of 5.7% from 2022 to 2030 due to the benefits it provides, such as the management of cracks and the reduction of permeability in various projects. High demand for the product to be used in basements, walls, floors, grade slabs, and foundations is expected to drive expansion. Key manufacturers' efforts to generate lightweight macro-polymers with greater chemical stability are expected to create new growth prospects across a variety of building activities over the forecasted period.
As a result of the numerous infrastructure projects taking place around the world, transportation and infrastructure held a growing part of the market in 2022, and this trend is expected to continue during the forecast period. Concrete fibers are used as a reinforcing element in many different types of infrastructure, including roads, highways, bridges, railway stations, ports, and airports. From now until the conclusion of the projected period, the construction and building sector will account for xx% of the market. Concrete fibers are used in the construction of almost all buildings, whether residential and commercial.
Drivers
There is a concern for building quality and longevity.
More and more people are realizing the importance of implementing concrete reinforcement solutions to ensure the long-term performance and longevity of constructions. Fibers added to concrete can prevent cracking, limit shrinkage, increase resilience to impact, and lengthen the life of the material. Concrete fibers have become increasingly popular for use in building projects due to the increasing demand for durable and reliable building supplies.
the benefits above conventional forms of reinforcing
The use of concrete fibers, as opposed to more conventional reinforcement methods like steel rebar, has many benefits. They reduce installation complexity and time since they are simpler to handle and distribute equally throughout the concrete matrix. Fibers added to concrete increase its durability and decrease the frequency of repairs by protecting against corrosion.
Strategic Market Shifts
In order to guarantee the quality and function of concrete fibers, standardized testing and certifications are becoming increasingly important. More and more effort is being put into creating internationally accepted testing protocols and certifications for fiber-reinforced concrete. Concrete fibers' performance and dependability can be improved through standardization initiatives, which in turn increases their use in building projects.
Report Coverage
Global Concrete Fiber research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Concrete Fiber report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Concrete Fiber competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Concrete Fiber market players and analyses their core competencies in each global market sub-segments.
Key Points Covered in the Report
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Concrete Fiber market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Concrete Fiber market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
Sika AG (Switzerland), Bekaert SA (Belgium), CEMEX S.A.B. de C.V. (Mexico), GCP Applied Technologies Inc. (United States), BASF SE (Germany), Owens Corning (United States), Propex Operating Company LLC (United States), Sisecam Group (Turkey), ABC Polymer Industries LLC (United States), Nycon Corporation (United States), Fibercon International Inc. (United States), W. R. Grace & Co. (United States), Forta Corporation (United States), Euclid Chemical Company (United States), FORTA Corporation (United States), The Euclid Chemical Company (United States), Elasto Plastic Concrete (EPC) (United States), FORTA Corporation (United States), Nycon (United States), Fibercon International Inc. (United States), Hunan Sunshine Steel Fiber Co., Ltd. (China)
Primary Target Market
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2030. INFINITIVE DATA EXPERT has segmented the global Concrete Fiber market based on the below-mentioned segments:
Global Concrete Fiber Market, By Product
Steel
Synthetic
Polyethylene
Natural
Basalt
Global Concrete Fiber market, By Application
Infrastructure
Building & Construction
Industrial
Global Concrete Fiber market, Regional Analysis
Rising public investment in infrastructure construction and a focus on employing eco-friendly building materials are both expected to contribute to the industry's growth. Demand for concrete fibers is expected to rise in tandem with the growth of the off-site construction industry. Population growth, increased urbanization, and industrialization in developing countries are all positive indicators for the future of the global construction industry. The resultant rise in construction activity is expected to enhance demand for reinforced concrete. A boost in commercial construction activity is expected to drive the market as the economy improves. As industries like the food and consumer products sectors grow, so does the demand for additional office and storage space. The demand for paving slabs as resilient and aesthetically pleasing flooring has increased significantly as a result.
A highly interconnected supply chain for manufacturers is the result of the many people and organizations involved in the production and manufacture of the raw materials used to construct paving slabs. Most market players also have access to a sizable direct distribution network that ensures a steady stream of products and helps the market expand. Consumers now have more bargaining power as a result of the proliferation of retailers offering increasingly high-quality goods at low prices and with little to differentiate them.
Product-Specific Analysis of the Concrete Fibre Market
Polyethylene (PE) fiber reinforced concrete accounted for 8.43% of the market in terms of revenue in 2022 due to limitations in the production of such goods with high-stress resistance. Demand is expected to rise during the forecast period as manufacturers invest more resources into R&D to boost product stiffness and strength. Polypropylene (PP) reinforced goods have been replacing steel in many manufacturing applications because of their many desirable qualities, such as portability, light weight, resistance to corrosion, and rapid dispersion. The product's enormous success can also be attributed to its success in reducing fatalities in earthquake-prone areas.
Pipelines, septic tanks, and tunnel linings all benefit from steel fiber reinforced concrete, therefore its use is predicted to rise throughout the forecasted time frame. These fibers are also used for reconstructing old pavements to thin them out and boost impact resistance, which contributes to the product's high volume of usage.
Market Analysis of Concrete Fibre for Various End Uses
The volume of the concrete fiber market in the building and construction industry is forecast to grow at a CAGR of 5.7% from 2022 to 2030 due to the benefits it provides, such as the management of cracks and the reduction of permeability in various projects. High demand for the product to be used in basements, walls, floors, grade slabs, and foundations is expected to drive expansion. Key manufacturers' efforts to generate lightweight macro-polymers with greater chemical stability are expected to create new growth prospects across a variety of building activities over the forecasted period.
As a result of the numerous infrastructure projects taking place around the world, transportation and infrastructure held a growing part of the market in 2022, and this trend is expected to continue during the forecast period. Concrete fibers are used as a reinforcing element in many different types of infrastructure, including roads, highways, bridges, railway stations, ports, and airports. From now until the conclusion of the projected period, the construction and building sector will account for xx% of the market. Concrete fibers are used in the construction of almost all buildings, whether residential and commercial.
Drivers
There is a concern for building quality and longevity.
More and more people are realizing the importance of implementing concrete reinforcement solutions to ensure the long-term performance and longevity of constructions. Fibers added to concrete can prevent cracking, limit shrinkage, increase resilience to impact, and lengthen the life of the material. Concrete fibers have become increasingly popular for use in building projects due to the increasing demand for durable and reliable building supplies.
the benefits above conventional forms of reinforcing
The use of concrete fibers, as opposed to more conventional reinforcement methods like steel rebar, has many benefits. They reduce installation complexity and time since they are simpler to handle and distribute equally throughout the concrete matrix. Fibers added to concrete increase its durability and decrease the frequency of repairs by protecting against corrosion.
Strategic Market Shifts
In order to guarantee the quality and function of concrete fibers, standardized testing and certifications are becoming increasingly important. More and more effort is being put into creating internationally accepted testing protocols and certifications for fiber-reinforced concrete. Concrete fibers' performance and dependability can be improved through standardization initiatives, which in turn increases their use in building projects.
Report Coverage
Global Concrete Fiber research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Concrete Fiber report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Concrete Fiber competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Concrete Fiber market players and analyses their core competencies in each global market sub-segments.
| REPORT ATTRIBUTES | DETAILS |
|---|---|
| Study Period | 2017-2030 |
| Base Year | 2022 |
| Forecast Period | 2022-2030 |
| Historical Period | 2017-2021 |
| Unit | Value (USD Billion) |
| Key Companies Profiled | Sika AG (Switzerland), Bekaert SA (Belgium), CEMEX S.A.B. de C.V. (Mexico), GCP Applied Technologies Inc. (United States), BASF SE (Germany), Owens Corning (United States), Propex Operating Company LLC (United States), Sisecam Group (Turkey), ABC Polymer Industries LLC (United States), Nycon Corporation (United States), Fibercon International Inc. (United States), W. R. Grace & Co. (United States), Forta Corporation (United States), Euclid Chemical Company (United States), FORTA Corporation (United States), The Euclid Chemical Company (United States), Elasto Plastic Concrete (EPC) (United States), FORTA Corporation (United States), Nycon (United States), Fibercon International Inc. (United States), Hunan Sunshine Steel Fiber Co., Ltd. (China) |
| Segments Covered | • By Product |
| Customization Scope | Free report customization (equivalent to up to 3 analyst working days) with purchase. Addition or alteration to country, regional & segment scope |
Key Points Covered in the Report
- Market Revenue of Concrete Fiber Market from 2021 to 2030.
- Market Forecast for Concrete Fiber Market from 2021 to 2030.
- Regional Market Share and Revenue from 2021 to 2030.
- Country Market share within region from 2021 to 2030.
- Key Type and Application Revenue and forecast.
- Company Market Share Analysis, Concrete Fiber competitive scenario, ranking, and detailed company
profiles. - Market driver, restraints, and detailed COVID-19 impact on Concrete Fiber
Market
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Concrete Fiber market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Concrete Fiber market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
Sika AG (Switzerland), Bekaert SA (Belgium), CEMEX S.A.B. de C.V. (Mexico), GCP Applied Technologies Inc. (United States), BASF SE (Germany), Owens Corning (United States), Propex Operating Company LLC (United States), Sisecam Group (Turkey), ABC Polymer Industries LLC (United States), Nycon Corporation (United States), Fibercon International Inc. (United States), W. R. Grace & Co. (United States), Forta Corporation (United States), Euclid Chemical Company (United States), FORTA Corporation (United States), The Euclid Chemical Company (United States), Elasto Plastic Concrete (EPC) (United States), FORTA Corporation (United States), Nycon (United States), Fibercon International Inc. (United States), Hunan Sunshine Steel Fiber Co., Ltd. (China)
Primary Target Market
- Market Players of Concrete Fiber
- Investors
- End-users
- Government Authorities
- Consulting And Research Firm
- Venture capitalists
- Third-party knowledge providers
- Value-Added Resellers (VARs)
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2030. INFINITIVE DATA EXPERT has segmented the global Concrete Fiber market based on the below-mentioned segments:
Global Concrete Fiber Market, By Product
Steel
Synthetic
Polyethylene
Natural
Basalt
Global Concrete Fiber market, By Application
Infrastructure
Building & Construction
Industrial
Global Concrete Fiber market, Regional Analysis
- Europe: Germany, Uk, France, Italy, Spain, Russia, Rest of Europe
- The Asia Pacific: China,Japan,India,South Korea,Australia,Rest of Asia Pacific
- South America: Brazil, Argentina, Rest of South America
- Middle East & Africa: UAE, Saudi Arabia, Qatar, South Africa, Rest of Middle East & Africa
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