Concrete Fiber Market - Global Industry Analysis, Size, Share, Growth - 2023

The Global concrete fiber market is expected to grow during the forecast period (2017-2023) due to rapid urbanization and growing construction activities across the globe. Additionally, the concrete fiber market is also driven by the increasing demand for synthetic fibers in end-use industries such as transport infrastructure, building and construction, and mining and tunnel.

Concrete fiber is a composite material used for strengthening the structural integrity and reducing cracks in the material. Concrete fiber is a combination of cement, mortar and contains fibers that are discontinuous in nature but uniformly distributed and randomly oriented.

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Concrete fiber includes other properties such as compressive strength, elasticity, flexibility, impact resistance, and high tensile strength. Concrete fiber is widely used in exterior and interior parts of construction, mining highways, roads, bridges in the transportation industry and other manufacturing industry.

The global market for concrete fiber is segmented on the basis of type, application, and region. Based on type, the concrete fiber market is categorized into synthetic fiber, steel fiber, glass fiber, basalt fiber and natural fiber.

On the basis of application, the global market for concrete fiber can be segmented as road industry, construction, transportation, industrial, and mining. Construction and transportation industry is estimated to project significant growth in the global concrete fiber market during the forecast period.

Based on region, North America, Europe, Asia-Pacific, Latin America, Middle East and Africa (MEA) are the major segments of concrete fiber. North America dominates the global concrete fiber market due to increasing applications in the U.S. Asia-Pacific is one of the leading regional markets for concrete fiber and the market is projected to grow in the forecast years.

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The key players in the concrete fiber market include BASF SE, Sika Corporation, Propex Operating Company, LLC., CEMEX S.A.B. de C.V., Bekaert, W. R. Grace & Co.-Conn., Fibercon International Inc., THE EUCLID CHEMICAL COMPANY, ABC Polymer Industries, Ultratech Cement and Nycon Corporation.

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