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Fiber Reinforced Concrete Market worth $3.31 billion by 2030, growing at a CAGR of 6.69% - Exclusive Report by 360iResearch
Fiber Reinforced Concrete Market | 360iResearch
The Global Fiber Reinforced Concrete Market to grow from USD 2.10 billion in 2023 to USD 3.31 billion by 2030, at a CAGR of 6.69%.
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Fiber reinforced concrete (FRC) is a specialized form of concrete that enhances its structural integrity by incorporating discrete, small fibers into the concrete mix. These fibers can be made from steel, glass, synthetic polymers, or natural materials like coconut fibers. The primary function of these fibers is to increase the concrete's resistance, improve its structural durability, and enhance its tensile strength. The fiber reinforced concrete (FRC) market is poised for rapid growth, driven by the increasing demand for durable and resilient construction materials. The superior resistance, strength, and longevity offered by FRC make it an appealing choice for infrastructure projects, including roads, bridges, and buildings. Despite its advantages, the high cost associated with its adoption can deter stakeholders from investing in FRC for construction projects. However, technological advancements in fiber materials and concrete compositions offer avenues for innovation, potentially lowering costs and enhancing performance characteristics. The shift towards green building materials and the increasing regulatory push for sustainable construction practices create a conducive environment for the future growth of the fiber reinforced concrete market.
The market for fiber reinforced concrete (FRC) in the Americas is experiencing steady growth, primarily owing to increased infrastructure projects and the renovation of old structures. The United States, being a significant contributor, is witnessing a surge in the adoption of FRC in commercial and residential construction projects. In the EMEA region, the market is characterized by a high adoption rate of advanced construction materials, including FRC. Europe has a robust growth pattern, influenced by stringent environmental regulations and the push for sustainable construction practices. The Middle East, with its ambitious infrastructural developments, is heavily investing in FRC for its benefits of durability and corrosion resistance. Asia-Pacific is witnessing the fastest growth in the FRC market, driven by rapid urbanization and industrial growth. Countries including China and India are major contributors, with massive infrastructure projects and a focus on building resilient structures. The region's inclination towards modern construction techniques and materials is significantly boosting the demand for FRC.
Market Segmentation & Coverage:
This research report categorizes the Fiber Reinforced Concrete Market in order to forecast the revenues and analyze trends in each of following sub-markets:
Based on Material, market is studied across Glass Fibers, Natural Fibers, Steel Fibers, and Synthetic Fibers. The Natural Fibers is projected to witness significant market share during forecast period.
Based on Technology, market is studied across Hybrid FRC and Premixed FRC. The Premixed FRC is projected to witness significant market share during forecast period.
Based on Applications, market is studied across Building Construction and Public Infrastructure. The Public Infrastructure is projected to witness significant market share during forecast period.
Based on End-users, market is studied across Commercial Construction, Industrial Construction, and Residential Construction. The Industrial Construction is projected to witness significant market share during forecast period.
Based on Region, market is studied across Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas is further studied across Argentina, Brazil, Canada, Mexico, and United States. The United States is further studied across California, Florida, Illinois, New York, Ohio, Pennsylvania, and Texas. The Asia-Pacific is further studied across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Taiwan, Thailand, and Vietnam. The Europe, Middle East & Africa is further studied across Denmark, Egypt, Finland, France, Germany, Israel, Italy, Netherlands, Nigeria, Norway, Poland, Qatar, Russia, Saudi Arabia, South Africa, Spain, Sweden, Switzerland, Turkey, United Arab Emirates, and United Kingdom. The Europe, Middle East & Africa commanded largest market share of 37.56% in 2023, followed by Americas.
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FPNV Positioning Matrix:
The FPNV Positioning Matrix is essential for assessing the Fiber Reinforced Concrete Market. It provides a comprehensive evaluation of vendors by examining key metrics within Business Strategy and Product Satisfaction, allowing users to make informed decisions based on their specific needs. This advanced analysis then organizes these vendors into four distinct quadrants, which represent varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital(V).
Market Share Analysis:
The Market Share Analysis offers an insightful look at the current state of vendors in the Fiber Reinforced Concrete Market. By comparing vendor contributions to overall revenue, customer base, and other key metrics, we can give companies a greater understanding of their performance and what they are up against when competing for market share. The analysis also sheds light on just how competitive any given sector is about accumulation, fragmentation dominance, and amalgamation traits over the base year period studied.
Key Company Profiles:
The report delves into recent significant developments in the Fiber Reinforced Concrete Market, highlighting leading vendors and their innovative profiles. These include Arabian Tile Company Ltd., ASAHI KOHMATSU CO., LTD., Bajaj Reinforcements LLP, BarChip Inc., BB fiberbeton A/S, BCM GRC Limited, Birla White buy UltraTech Cement Limited, Buddy Rhodes Concrete Products by Smooth-On, Inc., Cemex, S.A.B. de C.V., Chiltern GRC Ltd., Fibrex LLC, Formglas Products Ltd., FORTA Corporation, Ibstock Telling, Quattro Design Solutions, Sika AG, Silica Systems, Inc., Stromberg Architectural, SureCrete, and Willis Construction Co. Inc..
Key Topics Covered:
1. Preface
2. Research Methodology
3. Executive Summary
4. Market Overview
5. Market Insights
6. Fiber Reinforced Concrete Market, by Material
7. Fiber Reinforced Concrete Market, by Technology
8. Fiber Reinforced Concrete Market, by Applications
9. Fiber Reinforced Concrete Market, by End-users
10. Americas Fiber Reinforced Concrete Market
11. Asia-Pacific Fiber Reinforced Concrete Market
12. Europe, Middle East & Africa Fiber Reinforced Concrete Market
13. Competitive Landscape
14. Competitive Portfolio
The report provides insights on the following pointers:
1. Market Penetration: Provides comprehensive information on the market offered by the key players
2. Market Development: Provides in-depth information about lucrative emerging markets and analyzes penetration across mature segments of the markets
3. Market Diversification: Provides detailed information about new product launches, untapped geographies, recent developments, and investments
4. Competitive Assessment & Intelligence: Provides an exhaustive assessment of market shares, strategies, products, certification, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players
5. Product Development & Innovation: Provides intelligent insights on future technologies, R&D activities, and breakthrough product developments
The report answers questions such as:
1. What is the market size and forecast of the Fiber Reinforced Concrete Market?
2. Which are the products/segments/applications/areas to invest in over the forecast period in the Fiber Reinforced Concrete Market?
3. What is the competitive strategic window for opportunities in the Fiber Reinforced Concrete Market?
4. What are the technology trends and regulatory frameworks in the Fiber Reinforced Concrete Market?
5. What is the market share of the leading vendors in the Fiber Reinforced Concrete Market?
6. What modes and strategic moves are considered suitable for entering the Fiber Reinforced Concrete Market?
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About 360iResearch
360iResearch is a market research and business consulting company headquartered in India, with clients and focus markets spanning the globe.
We are a dynamic, nimble company that believes in carving ambitious, purposeful goals and achieving them with the backing of our greatest asset - our people.
Quick on our feet, we have our ear to the ground when it comes to market intelligence and volatility. Our market intelligence is diligent, real-time and tailored to your needs, and arms you with all the insight that empowers strategic decision-making.
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