Concrete Fiber Market - The Next Generation in Concrete Fiber & Driven By Booming construction Industry

The concrete fiber market is anticipated to progress steadily in the coming several years. The changing trend in the construction segment and the improvement in construction practices are majorly driving the adoption of concrete fiber. Fibers include short discrete fibers such as glass fibers, steel fibers, natural fibers and synthetic fibers that have uniform distribution but random orientation in the mix. The Asia-Pacific is the emerging market, with countries like China, India, South Korea ,Japan, and others witnessing a rise in the demand for concrete fiber.The Major global manufacturers are emphasizing on setting up distribution networks and research and development centers in this region. In Asia-Pacific, China is the leading market having accounted for a share of around more than 50% of the total market share in the year 2015..

The booming construction industry and rising urbanization are the primary drivers of the market. The End-Use of concrete fibers across various industries such as mining and road construction is also driving the growth of this market. However, high costs associated with manufacturing of concrete fiber are restricting its use. Also with the availability of ready mix concrete applicable in various sectors such as mining, industrial, and road construction are restraining the market’s growth.

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The Concrete Fiber market is segmented by type, by end use and geography. On the basis of type, the Global Concrete Fiber market is segmented into synthetic concrete fiber, micro-synthetic fiber, macro-synthetic fiber, steel concrete fiber, glass concrete fiber, natural concrete fiber, and basalt fiber reinforced concrete. On the basis of end use it is segmented into building and construction, transport infrastructure, mining & tunnel, and industrial flooring and medical, aerospace and defense, transportation and oil, gas and energy. By geography, the Concrete Fiber market is segmented into. North America, Europe, Asia Pacific, Middle East & Africa, and Latin America.

North America is one of the major consumers of concrete fiber. The U.S. is the largest market in North America region accounting for a major share of the North American concrete fiber market. The steel concrete fiber type segment dominates the concrete fiber market. The transport infrastructure is the largest end-use industry segment since there is an increasing demand of concrete fibers in the road industry.

Some of the companies in the Concrete Fiber market are Bekaert SA, BASF SE, Sika AG, ABC Polymer Industries,and Cemex S.A.B. De C.V.. among others. The major companies operating in the Global Concrete Fiber market will eventually grab the opportunity presented by the new technology to further enhance their product offerings.

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