Concrete Fiber Market Analysis, Size, Share, Growth, Trends, and Forecast, 2022-2031

𝐂𝐨𝐧𝐜𝐫𝐞𝐭𝐞 𝐅𝐢𝐛𝐞𝐫 𝐌𝐚𝐫𝐤𝐞𝐭 𝐎𝐮𝐭𝐥𝐨𝐨𝐤 𝟐𝟎𝟑𝟏

The global concrete fiber market was valued at US$ 1,209.9 Mn in 2021
It is estimated to grow at a CAGR of 6.2% from 2022 to 2031
The global concrete fiber market is expected to reach US$ 2,079.1 Mn by the end of 2031

𝐑𝐞𝐚𝐝 𝐫𝐞𝐩𝐨𝐫𝐭 𝐎𝐯𝐞𝐫𝐯𝐢𝐞𝐰 - https://www.transparencymarketresearch.com/concrete-fiber-market.html

𝐎𝐯𝐞𝐫𝐯𝐢𝐞𝐰 𝐨𝐟 𝐂𝐨𝐧𝐜𝐫𝐞𝐭𝐞 𝐅𝐢𝐛𝐞𝐫 𝐌𝐚𝐫𝐤𝐞𝐭

Concrete fiber or fiber-reinforced concrete is a mixture of cement, mortar, and uniformly/discrete/discontinuous fiber material. Fiber-reinforced concrete is a fibrous material used to increase the structural integrity of the concrete. Fibers include short discrete fibers such as glass fibers, natural fibers, steel fibers, and synthetic fibers that have uniform distribution, but random orientation in the mix.

𝐆𝐞𝐭 𝐏𝐃𝐅 𝐬𝐚𝐦𝐩𝐥𝐞 𝐟𝐨𝐫 𝐈𝐧𝐝𝐮𝐬𝐭𝐫𝐢𝐚𝐥 𝐈𝐧𝐬𝐢𝐠𝐡𝐭𝐬 𝐚𝐧𝐝 𝐛𝐮𝐬𝐢𝐧𝐞𝐬𝐬 𝐈𝐧𝐭𝐞𝐥𝐥𝐢𝐠𝐞𝐧𝐜𝐞 -https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=6269

Glass-reinforced concrete is a construction material that is commonly used to form exterior cladding panels. The popularity of glass-reinforced concrete has increased among architects and engineers due to its ability to be formed into virtually any size, shape, or profile. Glass-reinforced concrete is generally used in renovation of buildings, water & drainage structures, bridge & tunnel lining panels, and architectural cladding.

Steel fiber reinforced concrete is a composite material having fibers as additional ingredients. Typical applications of steel fiber reinforced concrete include tunnel linings, manholes, pipes, burial vaults, and septic tanks.

𝐑𝐞𝐪𝐮𝐞𝐬𝐭 𝐟𝐨𝐫 𝐂𝐮𝐬𝐭𝐨𝐦 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡 -https://www.transparencymarketresearch.com/sample/sample.php?flag=CR&rep_id=6269

Carbon fiber-reinforced concrete is a composite material consisting of two high-performance materials. The innovative combination of carbon fiber fabrics or bars with fine-grained concrete simultaneously enables the construction of significantly more varied shapes and a high load-bearing capacity. Carbon fiber-reinforced concrete can be used in diverse areas of construction such as new construction and reconstruction. Fiber-reinforced concrete mix is a concrete mix that contains fibrous materials.

The global concrete fiber market is estimated to grow significantly during the forecast period, owing to the favorable properties of concrete fiber, specifically for industries such as building & construction and transportation. Adoption of new production processes that lower product costs and government initiatives and funding are also estimated to boost the concrete fiber market in the near future. Increase in urbanization across the globe and rise in adoption of concrete fiber in the building and construction sector are also expected to drive the concrete fiber market during the forecast period.

𝐑𝐢𝐬𝐞 𝐢𝐧 𝐂𝐨𝐧𝐬𝐭𝐫𝐮𝐜𝐭𝐢𝐨𝐧 𝐀𝐜𝐭𝐢𝐯𝐢𝐭𝐢𝐞𝐬 𝐭𝐨 𝐃𝐫𝐢𝐯𝐞 𝐆𝐥𝐨𝐛𝐚𝐥 𝐂𝐨𝐧𝐜𝐫𝐞𝐭𝐞 𝐅𝐢𝐛𝐞𝐫 𝐌𝐚𝐫𝐤𝐞𝐭

Concrete fibers are used to construct exteriors and interiors of commercial, residential, and industrial buildings. Concrete fibers are used extensively in industrial, road, building and construction, and mining sectors.

Ongoing infrastructure development activities in countries in Asia Pacific are primarily driving the building and construction sector in the region. In turn, this is boosting the demand for concrete fibers. Construction activities are rising significantly in India, China, and countries in Southeast Asia. Governments of these countries are providing incentives to promote infrastructure development. Thus, the concrete fiber market in Asia Pacific is likely to grow at a rapid pace during the forecast period.

𝐈𝐧𝐜𝐫𝐞𝐚𝐬𝐞 𝐢𝐧 𝐍𝐞𝐞𝐝 𝐟𝐨𝐫 𝐍𝐨𝐧-𝐜𝐨𝐫𝐫𝐨𝐬𝐢𝐯𝐞 𝐌𝐚𝐭𝐞𝐫𝐢𝐚𝐥𝐬 𝐭𝐨 𝐏𝐫𝐨𝐩𝐞𝐥 𝐃𝐞𝐦𝐚𝐧𝐝 𝐟𝐨𝐫 𝐂𝐚𝐫𝐛𝐨𝐧 𝐅𝐢𝐛𝐞𝐫 𝐏𝐫𝐨𝐝𝐮𝐜𝐭𝐬

Concrete is an extensively used material. Over two billion tons of concrete is produced annually across the globe. It offers several advantages such as lower cost, easy availability of raw materials, higher fire & weather resistance, and higher compressive strength compared to wood. However, concrete lacks tensile strength and ductility. Hence, manufacturers are increasing the production of carbon fiber materials to offset the disadvantages of conventional concrete products.

According to various studies, the global cost of corrosion in building & construction stood at about US$ 2.5 Trn annually, which was around 3.4% of the global gross domestic product, in 2013. The estimated cost to repair corroded infrastructure is US$ 300 Bn annually in the U.S. alone. Fibers such as synthetic, glass, and steel are used to combat the issue of corrosion.

Longer fibers are ideal for flexural testing, as they are able to link together, creating a stronger bond and preventing additional bending. Several fibers have a straight shape; however, metal fibers have hooks at the ends. This helps them adhere to the concrete.

𝐇𝐢𝐠𝐡 𝐃𝐞𝐦𝐚𝐧𝐝 𝐟𝐨𝐫 𝐒𝐭𝐞𝐞𝐥 𝐅𝐢𝐛𝐞𝐫 𝐂𝐨𝐧𝐜𝐫𝐞𝐭𝐞 𝐃𝐮𝐞 𝐭𝐨 𝐈𝐦𝐩𝐫𝐨𝐯𝐞𝐝 𝐋𝐨𝐚𝐝 𝐂𝐚𝐫𝐫𝐲𝐢𝐧𝐠 𝐂𝐚𝐩𝐚𝐜𝐢𝐭𝐲

In terms of product, the global concrete fiber market has been classified into synthetic fibers, glass fibers, blended fibers, steel fibers, basalt fibers, animal origin fibers, and cellulose fibers.

The steel fibers segment dominated the global concrete fiber market with more than 45% share in 2021. This can be primarily ascribed to excellent tensile & flexural strength, shock & fatigue resistance, ductility, and high durability of steel fibers.
The segment is expected to grow at a notable CAGR of 5.8% during the forecast period.

𝐌𝐚𝐤𝐞 𝐚𝐧 𝐄𝐧𝐪𝐮𝐢𝐫𝐲 𝐁𝐞𝐟𝐨𝐫𝐞 𝐁𝐮𝐲𝐢𝐧𝐠 -https://www.transparencymarketresearch.com/sample/sample.php?flag=EB&rep_id=6269

𝐀𝐧𝐚𝐥𝐲𝐬𝐢𝐬 𝐨𝐟 𝐊𝐞𝐲 𝐏𝐥𝐚𝐲𝐞𝐫𝐬 𝐢𝐧 𝐂𝐨𝐧𝐜𝐫𝐞𝐭𝐞 𝐅𝐢𝐛𝐞𝐫 𝐌𝐚𝐫𝐤𝐞𝐭

Companies operating in the concrete fiber market are diversifying their production of forged carbon apart from manufacturing products such as steel fiber reinforced concrete. Forged carbon fiber products are being used for the development of components used in sports cars such as Lamborghini. In order to broaden their product portfolio, companies are increasing the manufacture of carbon fiber sheets and carbon fiber reinforced polymer products.

The global market for carbon fiber is projected to grow at a favorable rate, as companies unlock untapped opportunities in mining and industrial flooring applications. Growth prospects of the carbon fiber market lie in the development of innovative products for sewage pipes and construction of dams. Manufacturers are developing products for tubing and automotive drive shafts in order to tap into lucrative growth opportunities in the carbon fiber market.

On the other hand, companies are increasing R&D activities in the pultrusion method, since it is a composite synthesis process where a constant cross-section and production rate is obtained. Breakthrough innovations in 3D printing are enabling the development of customized concrete fiber products. Manufacturers are using injection molding machines to develop robust concrete fiber products as per specific requirements from clients of different end-use industries.

The global concrete fiber market is highly consolidated, with a small number of large-scale vendors controlling majority of the share. Most of the companies are investing significantly in comprehensive research and development activities, primarily to create environment-friendly products. Diversification of product portfolios and mergers & acquisitions are key strategies adopted by prominent players. Sika Group, BASF SE, GCP Applied Technologies Inc., Bekaert, The Euclid Chemical Company and Owens Corning are the key entities operating in the market.

𝐀𝐛𝐨𝐮𝐭 𝐓𝐫𝐚𝐧𝐬𝐩𝐚𝐫𝐞𝐧𝐜𝐲 𝐌𝐚𝐫𝐤𝐞𝐭 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡

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𝐂𝐨𝐧𝐭𝐚𝐜𝐭

Rohit Bhisey
Transparency Market Research Inc.
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