Global Concrete fiber market will hit USD 2.84 Billion By 2020: atozresearch

The report covers forecast and analysis for the concrete fiber market on a global and regional level. According to the report, the concrete fiber market was valued at USD 1.87 billion in 2014 and is expected to generate revenue of USD 2.84 billion by end of 2020, growing at a CAGR of 7.2% between 2015 and 2020. In terms of volume, the global concrete fiber market stood at 300 kilo tons in 2014.The study includes drivers and restraints for the concrete fiber market along with the impact they have on the demand over the forecast period. Additionally, the report includes study of opportunities available in the concrete fiber market on a global level.

In order to give the users of this report a comprehensive view on the concrete fiber market, we have included a detailed competitive scenario, and product portfolio of key vendors. To understand the competitive landscape in the market, an analysis of Porter’s five forces model for the concrete fiber market has also been included. The study encompasses a market attractiveness analysis, wherein application segments are benchmarked based on their market size, growth rate and general attractiveness.

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Concrete fibers market is mainly driven by growing urbanization and improving construction industry worldwide. Increasing use of basalt fiber as a strengthening material for concrete reinforcement is also predicted to fuel market growth in the years to come. However, capital-intensive R&D, lack of technical knowledge and high operating cost are some of the factors affecting market growth.

Several kinds of fibers used to reinforce the concrete are synthetic fibers, steel fibers, basalt fibers and glass fibers among others. Steel fibers emerged as potential segment with over 45% of the total concrete fiber market share in 2014. Synthetic fiber is another key segment and predicted to show widespread adoption in the years to come. Concrete fiber finds extensive applications in various sectors road industry, construction, industrial, mining and others. Construction was major application segment and accounted for major chunk of market share in 2014. Construction industry worldwide is witnessing an unprecedented boom in recent times. Government also implements different schemes to develop amusement parks, reading halls, libraries and swimming pools for the citizens. Government schemes and policies are also expected to fuel growth of construction industry.

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The study provides a decisive view on the concrete fiber market by segmenting the market based on type of fiber and applications. On the basis of types of fibers used, concrete fiber market has been classified into synthetic fibers, steel fibers, basalt fibers and glass fibers and others. Some of the major application segments of this market include road industry, construction, industrial, mining and others. All the application segments have been analyzed based on present and future trends and the market is estimated from 2014 to 2020. The regional segmentation includes the current and forecast demand for North America, Europe, Asia Pacific, Latin America and Middle East and Africa with its further bifurcation into major countries including U.S. Germany, France, UK, China, Japan, India and Brazil.

The report covers detailed competitive outlook including company profiles of the key participants operating in the global market. Key players profiled in the report include ABC Polymer Industries, Propex Global, SIKA AG, Fibercon International Inc, BASF SE, The Euclid Chemical Company and Nycon Corporation.

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