The Concrete Fiber Market accounted for USD 2.17 Billion in 2020 and is expected to reach more than USD 4.01 Billion by 2028, growing at a CAGR of 8.6% from 2021 to 2028.
The Concrete Fiber Market accounted for USD 2.17 Billion in 2020and is expected to reach more than USD 4.01 Billion by 2028,growing at a CAGR of 8.6% from 2021 to 2028.
Fiber Reinforced Concrete can be defined as a composite material consisting of mixtures of cement, mortar, or concrete and discontinuous, discrete, uniformly dispersed suitable fibers. Fiber reinforced concrete is of different types and properties with many advantages. Continuous meshes, woven fabrics, and long wires or rods are not considered to be discrete fibers. Q Fiber is a small piece of reinforcing material possessing certain characteristics. They can be circular or flat. The fiber is often described by a convenient parameter called "aspect ratio". The aspect ratio of the fiber is the ratio of its length to its diameter. Typical aspect ratio ranges from 30 to 150. Q Fiber reinforced concrete (FRC) is concrete containing fibrous material that increases its structural integrity. It contains short, discrete fibers that are uniformly distributed and randomly oriented. Fibers include steel fibers, glass fibers, synthetic fibers and natural fibers. Within these different fibers, the characteristics of fiber reinforced concrete change with varying concrete, fiber materials, geometries, distribution, orientation, and densities.
The COVID had a significant influence on market dynamics, the value chain, and market segmentation. The condition of the concrete fiber market in terms of revenue was hampered, and the industry was economically adversely affected. The lesser demand for concrete fibers has led to the overcapacity. The industry has put its construction on hold, but retained its sustainability and strength of the market. Due to lockdown, this affected and led to a production halt.
Growth in sales as well as in demand for non-corrosive materials due to urbanization and growth in the population coupled with rising demand for products from the end-user industry is a driving factor for the concrete fiber market size. The market steers too high as it controls the prevention of the plastic from shrinking and cracking.
Reduction in the cost of production and adopting processes of production that increase growth and efficiency. Growth in the concrete fiber market revenue is being driven by government initiatives as well as funding for setting up industry and expanding business.
Report Scope :
Report Attribute | Details |
---|---|
Base Year | 2020 |
Historic Years | 2016 - 2020 |
Forecast Years | 2021 - 2028 |
Segments Covered | By Product Type, By Application, and By End Use |
Forecast Units | Value (USD Billion), and Volume (Units) |
Quantitative Units | Revenue in USD million/billion and CAGR from 2021 to 2028 |
Regions Covered | North America, Europe, Asia Pacific, Latin America, and Middle East & Africa, and Rest of World |
Countries Covered | U.S., Canada, Mexico, U.K., Germany, France, Italy, Spain, China, India, Japan, South Korea, Brazil, Argentina, GCC Countries, and South Africa, among others |
Number of Companies Covered | 10 companies with scope for including additional 15 companies upon request |
Report Coverage | Market growth drivers, restraints, opportunities, Porter’s five forces analysis, PEST analysis, value chain analysis, regulatory landscape, market attractiveness analysis by segments and region, company market share analysis, and COVID-19 impact analysis. |
Customization Scope | Avail customized purchase options to meet your exact research needs. |
On the basis of type, the market is bifurcated into Synthetic Concrete Fiber, Natural Concrete Fiber Synthetic Concrete Fiber is having its dominance in this segment due to various properties like high durability, shock & fatigue resistance, ductility, enhanced toughness and excellent flexural & tensile strength.
Applications are projected to grow at a CAGR of around 39.80% from 2021 to 2028. Mining and tunneling, be it open pit or underground, is an industry with elevated costs and correspondingly high safety hazards. The industry continues to invest significantly in emergency planning. The high investment and increased incorporation of advanced technologies in the sector are estimated to exhibit significant opportunities for market expansion in the near future. Local construction and development markets are gaining traction all across the globe. According to a recent report by Deloitte on the European construction industry, construction companies are becoming increasingly aware of the opportunities arising from the economic growth of local construction markets, which has been reflected in the increase in mergers and acquisitions activity.
North America is holding onto its dominance in this market. Over recent years, China has witnessed strong economic growth coupled with a high population growth rate. China's cities have been transformed to make room for this influx of people. By some estimates, half of China’s infrastructure has been built since 2000, with new railroads, interstates, dams, airports, and high-rise apartment buildings springing up across the country.
Urban population growth is a significant megatrend that is transforming the construction industry. The main advantages of fiber reinforced concrete are its quick construction time and low cost. This makes it popular among constructors and contractors. The continuous development in the commercial and residential sectors in France requires fiber reinforced concrete for modern infrastructure. The growth is primarily attributed to rising incomes from the economic growth, and the growth in the housing and construction markets in the country is likely to continue during the forecast years.
Some key players in Concrete Fiber Market are BASF SE ofGermany, Nyon, The Euclid Chemical Company, Owens Corning of UnitedStates, Sika AG of Switzerland, Bosfa, Propex Operating Company LLCof United States, ABC Polymer Industries LLC of United States,Helix Steel Dow, and GCP Applied Technologies Inc.
By Type
By Technology
By Region
FrequentlyAsked Questions
the Concrete Fiber Market was valued at USD 2.17 billion in 2020.
the Concrete Fiber Market is expected to reach USD 4.01 billion by 2028, growing at a CAGR of 8.6% from 2021 to 2028.
some of the key factors driving the Concrete Fiber Market is the growth in sales as well as in demand of non-corrosive materials with urbanization and growth in the population with rising in demand for products from the end-users industry is driving factor for concrete fiber market size. The market steers to high as it controls with prevention of the plastic from shrinking and cracking.
North America held a substantial share of the Concrete Fiber Market in 2020.
some of key players in Concrete Fiber Market are BASF SE of Germany, Nyon, The Euclid Chemical Company, Owens Corning of United States, Sika AG of Switzerland, Bosfa, Propex Operating Company LLC of United States, ABC Polymer Industries LLC of United States, Helix Steel Dow, and GCP Applied Technologies Inc. are among others.
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