Concrete fibers are strengthening materials that inhibit excellent physical, chemical, and mechanical properties including high stability, high heat resistance, and colossal physical durability. They provide advantages such as unique optical, mechanical, chemical, and environmental properties. Concrete fibers have a high potential to resolve a wide number of today’s material challenges in road industry, industrial, mining and construction applications. These fibers are promptly available and can be easily converted into finished products, thus meeting the required performance standard for varied applications in different sectors such as construction, road, industrial, and mining industries.
Continual growth and innovations and industry mergers are expected to contribute to the global Concrete fiber market growth. The inherent properties, such as high durability and stiffness, strong impact resistance, of concrete fibers are the major reason for their increasing demand in the market globally. In addition, other advantages provided by these fibers such as toughness, abrasion & chemical resistances, and others as compared to other fibers also attribute to the growth of this market. Rising demand for concrete fibers owing to their excellent properties is anticipated to impact the growth of the global concrete fiber market in a positive way.
On the basis of materials, the global concrete fiber market is segmented as synthetic fiber, basalt fiber, glass fiber, steel fiber, and others. Of which, the synthetic fiber segment dominates the global market, which is followed by steel fiber segment. Based on the end-use industry, the global market is further segmented as road industry, industrial, construction, mining, and others. Of which, the mining segment is the influencing segment in the market. Geographically, the global market is segmented as Asia Pacific, Europe, North America, and Rest of the World (RoW).
Asia Pacific the fastest growing market for concrete fiber and is expected to do so in the near future. In addition, China is also anticipated to contribute to the growth of the market. Moreover, India is the fastest growing concrete fiber market in the region mainly due to rising population, developed and developing economies, government initiatives to promote industrial growth, and favorable investment policies.
Some of the major companies in the global concrete fiber market are Sika AG, Propex Global, Fibercon International Inc., Cemex, BASF SE, and The Euclid Chemical Company. Other key players influencing the global market are Nycon, Bekaert SA, and W.R. Grace and Company.
Concrete Fiber Market: Regional Segment Analysis
- North America
- Asia Pacific
- Latin America
- The Middle East and Africa