Concrete Fibers Market Overview
According to a research survey conducted by ChemView Consulting, the current valuation of the Global Concrete Fibers Market is worth US$ 2,384.0 Mn in 2022. The market value of stainless steel is expected to reach US$ 5,099.4 Mn by 2032, growing at a CAGR of 7.9% over the forecast period.
ChemView Consulting has analyzed that commercial construction activity is anticipated to fuel the market due to the improved economy. The need for more office and storage space has been driven by the expansion of industries like food and consumer goods, which has had a large positive impact on the construction sector and the demand for paving slabs as long-lasting and attractive flooring
Rising construction spending by the governments of developing economies like India and China, coupled with increasing demand for single-family housing units in Europe and the North American region, is supporting the overall growth of the construction industry.
Over the anticipated period, demand for steel fiber reinforced concrete is expected to increase due to the production of pipes, septic tanks, and tunnel linings. The great volume usage of the product can be attributed to the fact that these fibers are also utilized for rebuilding old pavements to thin them out, smoothen the riding surface, and increase impact resistance.
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Segments Covered in Report
By Type:
- Natural Fiber
- Synthetic Fiber
- Steel Fiber
- Glass Fiber
- Others
By End-Use:
- Construction
- Transportation Infrastructure
- Mining
- Others
By Region and Country:
- North America (U.S., Canada)
- Latin America (Brazil, Mexico, Rest of Latin America)
- Europe (Germany, Italy, France, UK, Spain, Netherlands, Norway, Russia, Rest of Europe)
- Asia-Pacific (China, Japan, South Korea, India, Indonesia, Thailand, Vietnam, Australia & New Zealand, Rest of Asia-Pacific)
- Middle East (Saudi Arabia, Turkey, UAE, Rest of Middle East)
- Africa (South Africa, Nigeria, Egypt, Rest of Africa)
Key Takeaways from the Concrete Fibers Market
- Based on the type, over the anticipated period, demand for steel fiber reinforced concrete is expected to increase due to the production of pipes, septic tanks, and tunnel linings.
- Based on the end-user, the largest industry for concrete fiber end-use is transportation infrastructure. For example, China has recently increased its road development and maintenance spending. According to data from China’s Ministry of Transport, road construction increased 13.8% between January 2021 and June 2021 compared to the same period in 2020.
- With a market share of 19.7%, North America is one of the important markets for concrete fiber. It is the largest market globally for demand and product innovation in terms of quality and application development. The United States, which makes up most of North America’s market, is the largest nation in the region and one of the major users of concrete fiber.
Competition Summary
Some of the key companies covered in the market study are BASF SE, Sika AG, Propex Operating Company, LLC, Bekaert, Dupont, Dow, Owen Corning, UltraTech Cement Ltd, U.S. Concrete, GCP Applied Technologies, FORTA Concrete Fiber, Fibercon International Inc, The Euclid Chemical Company, Cemex S.A.B de C.V, ABC Polymer Industries, LLC, Sika AG, SOLVAY and Propex Operating Company, LLC.
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Report Key Highlights and Coverage
- Our comprehensive, data-backed, and facts-oriented report provides niche and cross-sectional analysis at global and country levels.
- Assessment of the historical (actual data) and current market size (2017-2021), market projections (2022-2032), and CAGR.
- The market assessment across North America, Europe, East Asia, South Asia & Pacific, Latin America, Middle East, and Africa.
- Competitive tactical intelligence, key strategies adopted by top players, production capacity and company shares analysis, product brand surveys, and export-import analysis
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- Predictions on critical supply and demand trends and technological expertise needed to address operations scalability.
- Consumer behavior shifts and their implications for players, list of end-users, and their consumption analysis.
- Key drivers, restraints, opportunities, and emerging trends impacting the market growth.
- Value chain analysis (list of manufacturers, distributors, end-users, and average profitability margins).
- Strategic market analysis, recommendations, and future headways on crucial winning strategies.
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