Press release
Concrete Fiber Market Will See Strong Expansion Through 2024
The global concrete fiber market is broadly segmented on the basis of product, end use, material, and region. In terms of product, fibrillated concrete fibers and monofilament concrete fibers are the segments of this market. On the basis of material, the market is segmented into: Synthetic fibers, glass fibers, natural fibers, basalt fibers, steel fibers, and others. By end-use, the market is segmented into industrial, mining, road industry, construction, and others.
The report provides an in-depth analysis of current market trends, growth drivers, and restraints of the global concrete fiber market. It sheds light on product developments and technological breakthroughs that will influence the growth of this market during the forecast period. A dedicated section discusses the vendor landscape of this market, wherein the key players are profiled for their business strategies, financial standing, partnerships, and products and services portfolio. In addition, the report covers the macro and micro factors that govern the growth of the concrete fiber market, with insights and recommendations received from industry experts.
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Global Concrete Fiber Market: Drivers and Restraints
The booming construction industry and rising urbanization are the major factors driving the global concrete fiber market. The application of concrete fibers across varied industries such as mining and road construction is also aiding the growth of this market. The increasing demand for basalt fiber, which is produced from melting basalt rocks at 1400º C, is also bolstering the concrete fiber market.
However, high costs involved in the manufacture of concrete fiber is limiting its use. The use of new technology for reducing the cost of the product is also not a viable option. Moreover, the innovation of ready mix concrete that is suitable for several applications such as industrial, mining, and road construction are hampering the market’s growth.
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Major Companies Mentioned in Report
Some of the companies vying for a larger share of the global concrete market are The Euclid Chemical Company, Nycon Corporation, Cemex, Bekaert SA, Propex Global, Fibercon International Inc., ABC Polymer Industries, W.R. Grace & Co., SIKA AG, and BASF SE among others.
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