Concrete fibers are very popular owing to their structural integrity. The end-use industries are showing upward penetration while urbanization trends are expected to upsurge demands for Concrete fiber industry. Concrete fibers are known as mixed components of cement and mortar. These fibrous materials are very capable of reducing the cracking of concretes.

The concrete fiber market value has been globally projected to grow at USD 2.38 billion and is expected to reach USD 4.25 billion during the forecast period of 2018-2030. The market is also expected to grow at a CAGR of 8.3% during the forecast period.

Concrete fiber materials have varied applications, which might vary mining, tunnel, subways and others.

The ready-to-mix concrete fiber helps to steer market demand. It also helps to control and prevents the cracking or shrinking of plastics. It also regulates drying and shrinkage cracking. The revenue in the concrete fiber market attributes to government initiatives. These initiatives have helped fund the industry while the business has also expanded.

Market Segmentation

The segmentation of the concrete fiber market can be subdivided into type, end-use and technology. The type segment further divides the market into synthetic, steel, galls, natural and basalt. Steel fibres are not very popular as it is not durable. In the long run, due to steel fibre, the building tends to loosen its structural base while it also impacts working patterns.

The problems faced during reinforcing steel fibre with concrete ones are not preferred. Micro and macro synthetic fibres are very popular as it provides higher performance to the buildings. Such fibres could be easily reinforced into toughness, low maintenance costs, and higher shatter resistance. The higher adoption of macro and micro synthetic fibre could increase the opportunity for the concrete fiber industry.

 Further, in the end, the used segment can be subdivided into building constructions, transport infrastructure, industrial flooring, and mining. By segmenting through technology, technological advancement has helped resist fatigue and shock, increasing durability and flexibility.  

The technology is segmented as per the advanced techniques that have helped companies maintain economic shifts. It is expected that technological growth and advancement provides efficient strategies to improve working pattern and build longevity. 

Regional Classification

The concrete fiber market growth covers North America, Asia Pacific, the Middle East and African nations. However, the highest market share is occupied by North America. In the upcoming years, the demand for concrete fibers will increase with the development of good quality products in this region. As a result, the United States is the largest consumer, contributing to overall concrete fiber market growth in North America.

Research and development centres are located in the Asian- Pacific region. Dominant countries in this region include China, India, Japan and South Korea. China holds 55% of the total market share. Hence growth from this region will be high. Due to government initiatives, construction opportunities in other regions will be high.

Industry News

Key market players include BASF SE, Sika, Propex, and ABC Polymer, entering into agreements and collaborations to strengthen their market positions. In addition, the key players are expanding in high growth regions to earn higher revenue.

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