Global Concrete Fiber Market, By Type (Synthetic Concrete Fiber, Steel Concrete Fiber, Glass Concrete Fiber, Natural Fiber, Basalt Fiber), Applications (Roads, Runway, Aircraft Parking, Pavements, Tunnel Lining, Slope Stabilization, Walls, Manholes, Dams and Bridges, Hydraulic Structure, Elevated decks, Warehouse floors), By End Users (Mining, Residential, Industrial and commercial infrastructure, Transport Infrastructure, Others) – Industry Trends and Forecast to 2029
Market Analysis and Size
There has been robust growth in the concrete fiber market due to prompt developing economies. Additionally, rapid growth in their transport infrastructure sector combined with the increasing rate of construction in every sector, including roadways, highways, expressways, airports, parking areas, mining and tunnels, dams, water tanks, waterways, elevated decks, dock areas, recreation are also anticipated to help market to gain substantial growth over forecasted period.
Global Concrete Fiber Market was valued at USD 2.06 billion in 2021 and is expected to reach USD 3.89 billion by 2029, registering a CAGR of 8.30% during the forecast period of 2022-2029. The market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and climate chain scenario.
Market Definition
Fibrous materials are used in fiber concrete to increase durability, structural integrity, and to control cracking caused by plastic shrinkage and drying shrinkage. Fibers can be flat or circular, and they typically account for one to three percent of the total volume of the concrete mix. Steel, synthetic, and natural fiber are some common fiber material types; these produce greater impact, abrasion, and shatter resistance in concrete. Fiber concrete is used in various applications, including aircraft parking, pavements, tunnel linings, slope stabilization, walls, manholes, dams and bridges, and underground construction, such as tunnel segments, where almost all tunnel linings are fibre reinforced.
Report Scope and Market Segmentation
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Report Metric
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Details
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Forecast Period
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2022 to 2029
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Base Year
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2021
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Historic Years
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2020 (Customizable to 2019 - 2014)
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Quantitative Units
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Revenue in USD Billion, Volumes in Units, Pricing in USD
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Segments Covered
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By Type (Synthetic Concrete Fiber, Steel Concrete Fiber, Glass Concrete Fiber, Natural Fiber, Basalt Fiber), Applications (Roads, Runway, Aircraft Parking, Pavements, Tunnel Lining, Slope Stabilization, Walls, Manholes, Dams and Bridges, Hydraulic Structure, Elevated decks, Warehouse floors), By End Users (Mining, Residential, Industrial and commercial infrastructure, Transport Infrastructure, Others)
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Countries Covered
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U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa
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Market Players Covered
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BASF SE (Germany), Sika AG (Switzerland), Propex Operating Company, LLC. (U.S.). Bekaert (Belgium), Dupont (U.S.), Dow (U.S.), Owen Corning (U.S.), UltraTech Cement Ltd., (India), U.S. Concrete (U.S.), GCP Applied Technologies (U.S.), FORTA Concrete Fiber (U.S.), Fibercon International Inc. (U.S.), The Euclid Chemical Company (U.S.), Cemex S.A.B de C.V. (Mexico), ABC Polymer Industries, LLC (U.S.), Sika AG (Switzerland), SOLVAY (Belgium) and Propex Operating Company, LLC (U.S.)
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Market Opportunities
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Concrete Fiber Market Dynamics
This section deals with understanding the market drivers, advantages, opportunities, restraints and challenges. All of this is discussed in detail as below:
Drivers
- High Demand Across End Users
The increasing demand for non-corrosive substances, mounting compounds, manufacturing, and mechanical properties will broaden the applicability to a wide range of end-users. The pervasiveness of environmentally friendly and recyclable commodities is one of the unusual circumstances that will accelerate the emergence of the concrete fiber market in the forecast years.
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.
Opportunities
- Surging Investments, Adoption and Funding Activities
Furthermore, the increasing investment in research and development for the production of advanced high strength fiber extend profitable opportunities to the market players in the forecast period of 2022 to 2029. Additionally, the adopting a new production process which reduces the costs of the products coupled with the surge in concrete fiber market revenue as a result of government initiatives and funding for establishing the industry will further expand the future growth of the concrete fiber market.
Restraints/Challenges
- Disadvantages of Concrete Fiber
Steel reinforced concrete is more prone to corrosion, and the weight of fiber reinforced concrete is greater than that of non-fiber reinforced concrete. This factor is impeding market growth.
- High Costs
Concrete fibers cost an extra $7 or $8 per cubic yard to add 1 1/2 pounds of polypropylene fibers, making it more expensive. Furthermore, because concrete fibers are about 10% heavier than non-fiber concrete, fluctuating raw material prices, waste management of synthetic fibers, the danger of corrosion in steel type fibers, and some concrete fibers being subjected to creep and shrinkage are some of the factors hindering market growth. Therefore, these factors will act as a challenge the concrete fiber market growth rate.
This concrete fiber market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the concrete fiber market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
COVID-19 Impact on Concrete fiber Market
The recent outbreak of coronavirus had a negative impact on the concrete fiber market as the pandemic’s widespread prevalence had a significant impact on market dynamics, market segmentation, the value supply chain, and even public health. The revenue conditions for the concrete fibre market were hampered, and the industry was economically destroyed. Overcapacity resulted from a drop in demand for concrete fibres. The industry has slowed its construction while maintaining market strength and sustainability. This industry was impacted by lockdown rules, resulting in a production halt. Building and construction is the largest end-user industry for glass fibre production, which impacted the glass industry. Globally, vehicle production has been a hindrance to the low profit margins.
Global Concrete Fiber Market Scope
The concrete fiber market is segmented on the basis of type, applications and end users. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Type
- Synthetic Concrete Fiber
- Steel Concrete Fiber
- Glass Concrete Fiber
- Natural Fiber
- Basalt Fiber
Applications
- Roads
- Runway
- Aircraft Parking
- Pavements
- Tunnel Lining
- Slope Stabilization
- Walls
- Manholes
- Dams and Bridges
- Hydraulic Structure
- Elevated decks
- Warehouse floors
End Users
- Mining
- Residential
- Industrial and commercial infrastructure
- Transport Infrastructure
- Others
Concrete Fiber Market Regional Analysis/Insights
The concrete fiber market is analyzed and market size insights and trends are provided by country, type, applications and end users as referenced above.
The countries covered in the concrete fiber market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
Asia-Pacific dominates the concrete fiber market because of the expanding trade from different businesses such as wind power, architecture, and foundation, electrical and microelectronics and automotive, the development of commerce in China will encourage the germination of the business within the region. North America on the other hand, is estimated to show lucrative growth due to the high demand for steel and synthetic fibers in various applications such as tunnels, building, bridges, and dams especially in the U.S. within the region.
The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Concrete Fiber Market Share Analysis
The concrete fiber market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to concrete fiber market.
Some of the major players operating in the concrete fiber market are
- BASF SE (Germany)
- Sika AG (Switzerland)
- Propex Operating Company, LLC. (U.S.)
- Bekaert (Belgium)
- Dupont (U.S.)
- Dow (U.S.)
- Owen Corning (U.S.)
- UltraTech Cement Ltd., (India)
- U.S. Concrete (U.S.)
- GCP Applied Technologies (U.S.)
- FORTA Concrete Fiber (U.S.)
- Fibercon International Inc. (U.S.)
- The Euclid Chemical Company (U.S.)
- Cemex S.A.B de C.V. (Mexico)
- ABC Polymer Industries, LLC., (U.S.)
- Sika AG (Switzerland), SOLVAY (Belgium)
- Propex Operating Company, LLC (U.S.)
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