Concrete Fiber Market - Global Industry Analysis 2023

Fibers are basically used in concrete for control the crack due to reduction of plastic and to ventilation shrinkage Concrete fiber is reinforcement materials which is surpass in order to their mechanical, chemical and physical properties such as high stability, high heat resistance and massive physical durability. These materials are extremely specific in order to their distinctive mechanical, optical, environmental and chemical properties. The concrete fibers market in APAC region is one of the fastest-growing markets and is expected to continue growth during the forecast period. APAC is held more than forty percent of the total market share in terms of revenue in 2014, which was mainly include the country such as Japan, China and India.

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Concrete fiber market is expected to grow during the forecast period. The rise in trend of urbanization and improving construction industry is the major driving factor of this market. In addition, increasing new market player of this industry are try to cater this market. These are the factor is boost the market and is expected to see robust growth during the forecast period. Further addition, increasing demand of basalt fiber, basalt fibers are produced from basalt rocks, which are melted at 1400 ο C. this factor also boosting the concrete fiber market. Wide range of industry usage of concrete fiber such as road construction, mining application, industrial and others also helps to boost the concrete fiber market. However in the concrete fiber industry, cost of this product is quite high therefore the cost reduction with new technology concept does not work here so this factor acting as a restraint of this market. In addition, a new innovation of this market is ready mix concrete this concrete composite with the aggregates, cement, water, and admixtures. For instance, this new concrete fiber, ready mix concrete is essentially used in mining sector, road construction sector, industrial and others.

The concrete fiber market is segmented in four categories: by product, by material, by end use and by region. By product the market can be divided into Monofilament Concrete Fibers and Fibrillated Concrete fibers. In terms of materials the market can be segregated into synthetic fibers, basalt fibers, glass fibers, steel fibers, natural fibers and others. In terms of end use, the market can be divided into mining, industrial, road industry, construction and others.

By geography, the market is divided in four major regions such as North America, Europe, Asia Pacific and Rest of the world. North America and Europe are the early adopters of technology and hence will occupy majority of the market share. However, Asia Pacific region is expected to see faster growth during the forecast period due to the presence of developing nations such as India and China. This growth is attributed to the availability of skilled workforce required to concrete fiber market.

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Some of the key players participating in the concrete fiber market are The Euclid Chemical Company, Fibercon International Inc., Nycon Corporation, ABC Polymer Industries, Cemex, W. R. Grace & Co., Bekaert SA, SIKA AG, Propex Global and BASF SE among others.

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