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Concrete Fiber - Market Research Report | Growth Forecast 2025

Latest updates on Concrete Fiber market, a comprehensive study enumerating the latest price trends and pivotal drivers rendering a positive impact on the industry landscape. Further, the report is inclusive of the competitive terrain of this vertical in addition to the market share analysis and the contribution of the prominent contenders toward the overall industry.

Concrete fibers market is projected to grow substantially over the forecast period, owing to the flourishing industrial and residential construction sector in Asia Pacific. Product is principally used to control cracking caused by plastic shrinkage and drying shrinkage, making it resilient against cracks. Advancements in the industry such as development of concrete microfibers are able to render primary reinforcement which are capable to replace steel mesh.

Concrete Fibers Market will exceed USD 2.8 billion by 2025; according to a new research report.

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In the products segment, synthetic and steel fibers captured the highest share in the overall business size in 2018. Synthetic fibers segment is projected to attain a share of over 65% of the total business size by 2025. These microfibers are expected to witness gains of more than 8.5% in the coming years, followed by steel fibers. Technological advancement in the steel fibers segment has led to development of rust resistant fibers which has the potential to be used as primary reinforcement. Therefore, they are replacing traditional steel rebar/mesh in the construction industry, which will subsequently drive the synthetic fibers demand over the forecast period.

Concrete Fiber - Market Research Report | Growth Forecast 2025
Concrete Fiber - Market Research Report | Growth Forecast 2025

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Growing industrialization in Asia Pacific has resulted in inflow of large number of inhabitants from rural to industrialized urban, metro and megacities such as Seoul, Guangzhou, Shanghai, Tokyo, Jakarta, Manila, and Delhi. These factors led to growing demand for industrial and commercial infrastructure. According to the International Energy Agency, China is among the key cement producer which accounted for almost 60% of the global production in 2018. It is followed by India which constituted approximately 7% of the total cement production. Also, continuous construction activity are expected in the future, which will make positive impact on the concrete fibers market in the upcoming years.

Among the application segment, the slab on grade application is projected to occupy over 25% by 2025. This segment includes the industrial flooring operations where the heavy machineries are installed across heavy manufacturing industry such as automobile, textiles, aircrafts, fabrication, foundry, etc. Concrete fibers prevents the cracking of floors due to heavy machinery load. It is followed by the precast application which is likely to grow at a rate of approximately 9% in the forthcoming years.

The main hindrance in the concrete fibers market growth is associated with its high cost. Concrete fibers are high cost aggregates which increases the overall cost of fiber reinforced concrete as compared to the conventionally used reinforced concrete (RCC). However, concrete fibers are likely to become affordable in the construction industry owing to its excellent features, which will generate ample opportunities for the market growth in the forecast timeframe.

Among the end-uses, the industrial & commercial infrastructure segment is expected to take over a share more than 35% by 2025. It mainly includes, commercial and industrial structures such as hotels, airports, manufacturing facilities, offices, parking areas, malls, etc. Concrete fibers renders high flexibility and tensile strength to these structure, while reducing the post crack cost by lowering the propensity of cracks in concrete matrix. It thereby leads to enhanced life for these structure, making it more economical in the longer run.

Asia Pacific market will account for over 25% of the total market size by 2025. It is mainly due to ongoing swift industrial development, coupled with robust population growth in the region. With advent of automation, electric vehicles and related technologies, the manufacturing sector is witnessing a disparity for suitable infrastructure. Rising need to develop infrastructure for the abovementioned industries will drive the product demand in the forecast timeframe.

The overall business size is vastly fragmented with the presence of various small, medium and large scale producers. Some of the prominent industry participants are Sika Corporation, BASF, ABC polymer Bekaert SA, Euclid Chemical, ABC Polymer Industries, Owens Corning, and numerous others.

Concrete fibers market research report includes in-depth coverage of the industry, with estimates & forecast in terms of volume in kilo tons and revenue in USD million from 2014 to 2025, for the following segments:

Concrete Fibers Market, By Product

oSteel fibers

oSynthetic fibers

?Polypropylene

?Nylon

?Polyester

?Others

oGlass fibers

oNatural fibers

oBasalt fibers

Concrete Fibers Market, By Applications

oPavement

oShotcrete

oPrecast

oSlabs on grade

oComposite metal decks

oOthers

Concrete Fibers Market, By End-user

oResidential

oIndustrial & Commercial Infrastructure

oRoads & bridges

oOthers

Major Highlights from Table of contents are listed below for quick lookup into Concrete Fiber Market report

Chapter 1. Methodology and Scope

  • Definitions & forecast parameters
  • Methodology and forecast parameters
  • Data Sources

Chapter 2. Executive Summary

  • Business trends of Concrete Fiber Market
  • Product trends
  • Application trends

Chapter 3. Concrete Fiber Industry Insights

  • Concrete Fiber Market Industry segmentation
  • Industry landscape
  • Analysis of Manufacturers in the Concrete Fiber industry
  • Distribution channel analysis
  • End-use landscape
  • Vendor matrix
  • Concrete Fiber Market Technology & innovation landscape
  • Industry impact forces
  • Concrete Fiber Market Growth drivers
  • Industry pitfalls & challenges
  • Key trends by Segments

Chapter 4. Company Profiles

  • Business Overview of Concrete Fiber Market Companies
  • Financial Data
  • Product Landscape
  • Strategic Outlook and Decisive Analysis of companies in Concrete Fiber Market
  • SWOT Analysis

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