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Global Concrete Fiber Market is expected to foresee significant growth. Asia-Pacific to hold a significant share!

Concrete fibers or fiber-reinforced concrete (FRC) is concrete containing fibrous material which increases its structural integrity. It contains short discrete fibers that are uniformly distributed and randomly oriented. In addition, the varieties of fiber-reinforced concrete change with varying concretes, fiber materials, geometries, distribution, orientation, and densities. In addition, concrete fiber is used in mining and tunnel applications for improving concrete strength and durability, shock & fatigue resistance, and other characteristics. Moreover, they are used in tunnel linings and subways to redistribute the forces within the concrete structure. Furthermore, the increasing demand for minerals and mining metals has surged the mining activities where concrete fiber is widely used to resist crack formation in concrete structures. The global concrete fibers market is expected to witness a CAGR of around 8% during the forecast period (2021–2027). 

However, Covid – 19 has devasted the global economy due to which many sectors experienced a downfall as the demand for concrete fibers got reduced within the industries because of their shutdowns. The delay in construction project deadlines got delayed due to a decline in the construction sector. However, the industries have been in process for a certain period, and the usage of concrete fibers is increasing as a result of work on construction sites. In addition, the production of roadways, highways, expressways, airports, parking areas, mining, and tunnels, dams, water tanks, waterways, elevated decks, dock areas, and recreation require concrete fibers, by which the growth of the concrete fibers market will be seen during the forecasted period. However, in the year 2020, more than 2,500 worldwide infrastructure projects were proclaimed which was a rise of 5.5 percent from 2019. More than half of these were classified as sustainable infrastructure projects, such as solar and wind power. Such factors are projected to drive the market growth of concrete fiber over the years.

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Based on fiber type, the market is fragmented into synthetic, steel, glass, basalt, natural, and others. During the forecast period, the steel segment is likely to dominate the global concrete fibers market. The steel concrete fiber leads the market owing to its exceptional properties, such as shock & fatigue resistance, remarkable tensile & flexural strength, sturdiness, and ductility. In addition, steel fiber reinforced concrete is best suited for controlling cracks that occur at an early stage of construction and crack control during enhanced load-bearing situations. Furthermore, the factors justify its use in the market which will drive its growth during the forecasted period.

Based on end-user, the market is fragmented into transport infrastructure, building & construction, mining & tunnel, industrial flooring, and others. In 2020, the transport infrastructure segment is seen dominating the growth of the concrete fibers market. In the transport industry concrete fibers are extensively employed to construct highways, roads, railways, bridges, and ports & airports. Also, many emerging countries are now shifting their focus towards concrete fibers for construction purposes. For instance, in Jun 2021, Sika AG launched a new concrete reinforcing fiber solution SikaFiber-1050 B&BA HF, which is used to enhance concrete topping durability, reduce shrinkage cracking, and can be used for block and beam floors.

For a detailed analysis of the global concrete fiber market browse throughhttps://univdatos.com/report/concrete-fibers-market/

For a better understanding of the market adoption of concrete fibers, the market is analyzed based on its worldwide presence in the regions such as North America; Europe; Asia-Pacific; and the Rest of World. Asia-Pacific is likely going to dominate the concrete fibers market during the forecasted period. As the increasing population has surged the growth of residential building and construction activities, which will further propel the growth rate of the concrete fiber market. Furthermore, rapid industrialization has accelerated the establishment of industries in both developed and developing economies in which concrete fiber is used to improve the tensile strength of industrial structures. In addition, China has boosted its road development and maintenance expenditures. For instance, according to data released by China’s Ministry of Transport, road construction increased by 13.8% between January 2021 and June 2021 compared to the same period in 2020. Furthermore, in 2021 the Alberta government has increased its investments in highway and water management infrastructure to improve highway safety, link communities, and keep Albertans employed. The projects will improve traffic safety, support significant commerce routes to promote commercial carrier travel and offer irrigation and flood mitigation protection for Alberta towns. Moreover, in 2022, India’s road industry will experience enormous growth as additional stretches of national roads are built, and several projects and fundraises are granted and completed, making it a better year during the forecasted period.

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Some of the major players operating in the market include N.V. Bekaert S.A, Propex Operating Company LLC, ika AG, ABC Polymer Industries LLC, Cemex S.A.B. De C.V., BASF SE, The Euclid Chemical Company, Owens Corning, GCP Applied Technologies, and Nycon Corporation. Several M&As along with partnerships have been undertaken by these players to develop the coal bed methane market. For instance, In August 2021, Owens Corning announced the launch of PINK Next Gen Fiberglas insulation. The advanced fiber technology of PINK Next Gen Fiberglas creates a tightly woven network of soft, fine fibers to form a super-resilient blanket of insulating micro-pockets.

Global Concrete Fiber Market Segmentation

Market Insight, by Fiber Type

  • Synthetic
  • Steel
  • Glass
  • Basalt
  • Natural
  • Others

Market Insight, by End-User

• Transport Infrastructure
• Building & Construction
• Mining & tunnel
• Industrial flooring
• Others

Market Insight, by Region

  • North America
    • U.S.
    • Canada
    • Rest of North America
  • Europe
    • Germany
    • United Kingdom
    • France
    • Spain
    • Italy
    • Rest of Europe
  • Asia-Pacific
    • China
    • Japan
    • India
    • Australia
    • Rest of Asia-Pacific
  • Rest of World

Top Company Profiles

  • N.V. Bekaert S.A
    • Propex Operating Company LLC
    • Sika AG
    • ABC Polymer Industries LLC
    • Cemex S.A.B. De C.V.
    • BASF SE
    • The Euclid Chemical Company
    • Owens Corning
    • GCP Applied Technologies,
    • Nycon Corporation.

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