As per this study the Global Concrete Fiber Market was valued USD XX MN (by revenue) in 2021 and is anticipated to reach USD XX MN by 2028 with a CAGR of X%.
Fiber reinforced concrete or concrete fiber is a type of concrete that includes fibrous materials such as glass fiber, synthetic fiber, steel fiber, and etc. to increase the structural integrity and cohesion of the infrastructure. Concrete fiber reduces the permeability of water, control shrinkage cracking, and increases the durability of the concrete. It is mostly used in the construction of airports, bridges, roads, pavement and other public utility infrastructure.
Ongoing construction of bridges, pavement, airports, etc. is driving the market growth. Concrete fiber offers better durability, improved strength, reduces the permeability of water, and shrinkage control is again fueling the market growth. Growing industrialization coupled with high demand of sustainable concrete from end-use industries is likely to propel the market demand. However, high cost associated with concrete fibers is likely to hamper the market growth.
This detailed market study is centered on the data obtained from multiple sources and is analyzed using numerous tools including porter’s five forces analysis, market attractiveness analysis and value chain analysis. These tools are employed to gain insights of the potential value of the market facilitating the business strategists with the latest growth opportunities. Additionally, these tools also provide a detailed analysis of each application/product segment in the global market of concrete fiber.
The broad concrete fiber market has been sub-grouped into product and application. The report studies these subsets with respect to the geographical segmentation. The strategists can gain a detailed insight and devise appropriate strategies to target specific market. This detail will lead to a focused approach leading to identification of better opportunities.
- Synthetic Fiber
- Steel Fiber
- Glass Fiber
- Basalt Fiber
- Road Industry
Furthermore, the report comprises of the geographical segmentation, which mainly focuses on current and forecast demand for concrete fiber in North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The report further focuses on demand for individual application segments in all the regions.
Global Concrete Fiber Market Share by Region (Representative Graph)
The report also covers detailed competitive landscape including company profiles of key players operating in the global market. The key players in the concrete fiber market include BASF SE, Fibercon International Inc., Propex Global and SIKA AG among others. An in-depth view of the competitive outlook includes future capacities, key mergers & acquisitions, financial overview, partnerships, collaborations, new product launches, new product developments and other developments with information in terms of H.Q.
A combination of primary and secondary research has been used to determine the market estimates and forecasts. Sources used for secondary research include (but not limited to) Paid Data Sources, Company Websites, Technical Journals, Annual Reports, SEC Filings and various other industry publications. Specific details on methodology used for this report can be provided on demand.