Concrete Fibers Market to accrue significant proceeds by 2025 | By key players ABC Polymer Industries, ABC polymer Bekaert SA, BASF, Owens Corning, Euclid Chemical

The concrete fibers market is likely to foresee lucrative growth due to the booming industrial & residential construction sector in APAC. The product is mainly utilized to control cracking, which is caused by drying shrinkage and plastic shrinkage, which makes it resilient against the formation of cracks.

Rising industrialization in APAC has brought about the inflow of large number of rural inhabitants to industrialized metro, urban, as well as megacities like Delhi, Manila, Jakarta, Tokyo, Shanghai, Guangzhou, and Seoul. These factors have subsequently led to the rising demand for commercial and industrial infrastructure. Over the forthcoming years, continuous building and construction activities are expected to be carried out in the region, which is subsequently expected to make a significantly positive impact towards concrete fibers market growth.

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In addition, the current research specified that utilizing fibers in concrete has a very limited effect on the concrete materials’ impact resistance. This particular finding is essential because people usually think that the ductility enhances when concrete is reinforced with fibers. The findings also highlighted that microfibers are better in terms of impact resistance in comparison to the longer fibers. With such active R&D efforts being done in the industry, the concrete fibers market is likely to witness a positive shift in business trends over the projected timeline.

As per a research report by Global Market Insights, Inc., the concrete fibers market is projected to surpass $2.8 billion valuation by 2025.

Based on products, the synthetic & steel fibers had the maximum share in the total market size back in 2018. Synthetic fibers segment is expected to reach a share of about 65% of the overall industry size over the forecast timeframe. These microfibers are likely to witness benefits of more than 8.5% over the coming timeframe, followed closely by steel fibers.

Numerous technological advancement across the overall steel fibers product segment has further led to development of fibers that are rust resistant and have the potential to be utilized as primary reinforcement. In fact, these are already substituting standard steel mesh/rebar in the construction sector, which is leading to concrete fibers market growth.

With respect to application, slab on grade application segment is anticipated to represent nearly 25% of the industry share over the projected time period. The segment also comprises industrial flooring operations, where heavy machines are adopted across a plethora of heavy manufacturing industries like foundry, fabrication, aircrafts, textiles, and automobile among others. Concrete fibers prevents floors from developing cracks due to the placement of heavy machinery. The concrete fibers market from precast application is expected to grow with a rate of over 9% over the forecast time period.

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In terms of end-uses, the industrial & commercial infrastructure segment is likely account for a share of more than 35% over the forecast time period. It primarily includes, industrial & commercial structures like malls, manufacturing facilities, parking areas, offices, airports, and hotels among others. Concrete fibers provide high flexibility as well as tensile strength to these structures, meanwhile decreasing the post crack costs by lowering the tendency of cracks in concrete matrix. This subsequently leads to improved life for these structures, making it much more cost-effective in the long term.

ABC Polymer Industries, ABC polymer Bekaert SA, BASF, Owens Corning, Euclid Chemical, and Sika Corporation among others are some of the key players operating in the concrete fibers market. Overall, apart from some restraints, putting fiber in concrete has several benefits including increasing the durability and toughness of the concrete, reducing cracking, it decreases effects of shrinkage, it improves freeze-thaw resistance, and lastly it gives a sleek look.

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