As per this study the Global Concrete Reinforcing Fiber Market was valued USD XX MN (by revenue) in 2019 and is anticipated to reach USD XX MN by 2026 with a CAGR of XX%.
Concrete reinforcing fiber is the fibrous substance which increases structural strength and cohesion of concrete. These are small distinct fibers, homogeneously dispersed and oriented haphazardly in concrete. Concrete reinforcing fiber includes synthetic fiber, steel fiber, glass fiber, basalt fiber, and natural fiber. They are mostly used for on-ground floors and pavements. Additionally, it controls plastic shrinkage cracking and drying shrinkage cracking also lower the permeability of concrete.
The rising population coupled with rapid urbanization and industrialization increases the demand for construction is driving the market growth. Also, the growing demand for non-corrosive materials along with increased spending on the development of the infrastructure across the globe is further fuelling market growth. On the other hand, the high operating cost may hinder market growth. Whereas, increasing investments on R&D for the production of high strength concrete is expected to create potential opportunity during the forecast period.
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 reinforcing fiber.
The broad concrete reinforcing fiber market has been sub-grouped into fiber type 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.
By Fiber Type
- Steel Fiber
- Glass Fiber
- Basalt Fiber
- Synthetic Fiber
- Road Construction
- Transport Infrastructure
- Mining And Tunnels
- Building Construction
Furthermore, the report comprises of the geographical segmentation which mainly focuses on current and forecast demand for concrete reinforcing 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 Reinforcing 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 reinforcing fiber market include ABC Polymer Industries, LLC, BASF SE, Bekaert, CEMEX S.A.B. de C.V., Fibercon International Inc., FORTA Corporation, GCP Applied Technologies Inc., Nycon Corporation, Propex Operating Company LLC, SIKA Group and THE EUCLID CHEMICAL COMPANY. 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.