As per the report by the Global Concrete Fiber Market the market was valued close to USD 412.2 MN in 2019 and is anticipated to reach USD 598.6 MN by 2026 with a CAGR of 6% within the forecasted period from 2020 to 2026. The ongoing construction of bridges, roadways, highways, expressways, airports, parking areas, mining and tunnels, dams, water tanks, waterways, elevated decks, dock area and recreation are driving the growth of the global concrete fiber market. Concrete fiber provides better durability, improved strength, reduced water permeability and shrinkage control which helps to fuel the market growth. The growth in industrialization along with the high demand for sustainable concrete from end-use industries is further likely to propel the market demand. However, the high costs, lack of technical knowledge and capital-intensive R&D related to concrete fibers may hinder the growth of the market.
Fiber-reinforced concrete or concrete fiber is a type of concrete that involves fibrous materials such as glass fiber, synthetic fiber and steel fiber to increase the structural integrity and cohesion of the infrastructure. Concrete fiber helps to reduce the permeability of water, control shrinkage cracking and also increases the durability of the concrete. It is mostly used in the construction of airports, bridges, roads, pavement and other such public utility infrastructures.
The report “Global Concrete Fiber Market Report By Product (Synthetic Fiber, Steel Fiber, Glass Fiber, Basalt Fiber And Others), By Application (Road Industry, Construction, Industrial, Mining And Others) And By Regions - Industry Trends, Size, Share, Growth, Estimation And Forecast, 2019-2026” covers the market growth, trends, forecast and key players for the forecasted period between 2020 to 2026 for the global concrete fiber market. An in-depth outlook on the competitive landscape of the global concrete fiber market is also covered in the report.
By product, synthetic fiber, steel fiber, glass fiber and basalt fiber are the segments of the global concrete fiber market. Synthetic concrete fibers hold the highest market share owing to its property to prevent the effect of excessive tensile stresses by bridging and dispersing cracks, thus holding the concrete tightly together.
By application, road industry, construction, industrial and mining are the classifications provided for the global concrete fiber market as per the report. Road Industry & Construction industry is resposible for highest demand of concrete fibers as it is growing sector.
North America, Europe, Asia Pacific, Latin America, and Middle East & Africa are the geographical segments of the global concrete fiber market as per the report. The report also further focuses on the demand for individual application segments in all these regions.North America holds the largest market share among all the regions.
The Report Segments Global Concrete Fiber Market -
Players Profiled In the Report:
BASF SE, Fibercon International Inc., Propex Global and SIKA AG among others.
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