Global Concrete Fibers Market Size Analysis
According to a research survey conducted by ChemView Consulting, in 2022, the Global Concrete Fibers Market was worth US$ 2,384.0 Mn and is expected to grow at a CAGR of 7.9% over the forecast period. While the historical CAGR is 6.7%, the market is expected to hit US$ 5,099.4 Mn by 2032 end.
When a structure is being constructed, concrete fibers are mostly used to patch up fractures in the concrete, hide crevices, and cover up other flaws. One of the main uses of concrete fibers is to repair craters in roads and bridges.
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.
GROWING DEMAND FOR CONCRETE FIBERS IS DRIVING THE MARKET
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. With the majority of the factors involved in producing and manufacturing the raw materials used in the production of paving slabs, product makers have a highly integrated supply chain.
HIGH COSTS OF PRODUCTION IS HAMPERING THE MARKET GROWTH
Adding 1 1/2 pounds of polypropylene to concrete fibers is more expensive, costing an additional $7 or $8 per cubic yard. Additionally, because concrete fibers are about 10% heavier than non-fiber concrete, the market expansion is hampered by fluctuating raw material prices, synthetic fiber waste management, the risk of corrosion in steel-type fibers, and the creep and shrinkage that some concrete fibers are subject to. Therefore, these factors challenge the market growth rate for concrete fiber.
Market Segments Covered in Report
By Region and Country:
Why is a surge in Steel Fiber demand anticipated throughout the projected period?
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.
Why the largest end-use industry is transportation infrastructure?
The largest industry for concrete fiber end-use is transportation infrastructure. Highways, bridges, roadways, traditional concrete paving, barrier rails, curb work, truck or container terminals in logistics centers, and sound attenuation barriers all use concrete fiber. The high qualities of concrete fiber employed in this end-use sector include great durability, strong impact resistance, and mechanical, chemical, and heat resistance.
The regions analyzed for the market include North America, Europe, Latin America, Asia Pacific, the Middle East, and Africa.
Due to the production process’s capital-intensive nature, the concrete reinforcing fiber market is characterized by well-established players with a solid financial foundation. The businesses run their operations through a network of manufacturing facilities spread across various sites, with distribution taking place at numerous sales locations throughout the service area.
The price difference is an essential component of the business strategy for businesses that compete in the market. Additionally, the cost of the raw materials needed to produce the reinforcing fiber affects the cost of the concrete. The quantity consumers buy significantly impacts the price of the goods manufactured for the market.
A list of some of the key suppliers present in the market are:
Report Coverage and Highlights
|Historical data available for||2017-2021|
|Market analysis||USD Million for Value and Tons for Volume, and CAGR from 2022 to 2030|
|Key regions covered||North America, Latin America, Europe, Asia-Pacific, Middle East, and Africa|
|Key countries covered||US, Canada, Brazil, Mexico, Germany, Italy, France, UK, Spain, Netherlands, Norway, Russia, China, Japan, South Korea, India, Indonesia, Thailand, Vietnam, Australia & New Zealand, Saudi Arabia, Turkey, UAE, South Africa, Nigeria, Egypt|
|Key segments covered||By Type, Application, and Region|
|Customization scope||Available upon Request|
|Pricing and purchase options||Available upon Request|
Market Size Data
Value Chain Analysis
North America: U.S., Canada
Latin America: Brazil, Mexico, Argentina, Central America, Rest of Latin America
Western Europe: Germany, Italy, France, UK, Spain, Poland, Romania, Rest of Western Europe
Eastern Europe: Russia & Belarus, Balkan Countries, Baltic Countries, Central Asia, Rest of Eastern Europe
Middle East & Africa: KSA, UAE, Turkey, Israel, Northern Africa, South Africa, Rest of Middle East & Africa
East Asia: China, Japan, South Korea
South Asia & Pacific: India, ASEAN, Australia & New Zealand, Rest of South Asia & Pacific
Why Choose CVC Market Research?;
In the forecast period between 2022 and 2032, the market is expected to grow at a CAGR of 7.9%.
Commercial construction activity is anticipated to fuel the market due to the improved economy.
Key Global Concrete Fibers Market players 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.
Adding 1 1/2 pounds of polypropylene to concrete fibers is more expensive, costing an additional $7 or $8 per cubic yard.
North America is expected to account for the largest market revenue share in the Global Concrete Fibers Market.
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