Concrete Fiber Market is projected to grow with a brisk CAGR of 8.2% during 2018-2024 owing to the increasing usage of the basalt fiber in construction industry.

The report "Concrete Fiber Market," the global concrete fiber market is expected to reach USD 3.09 Billion by the year 2024, at a CAGR of 8.2% during forecast period. The main factors that lead the growth of the market are growing urbanization, improving the construction industry and increasing demand for construction and also the rising use of the basalt fiber. New fibers were being developed in order to provide an opportunity for the growth of the market.

Fibers are used in concrete to control cracks that occurs due to the shrinkage of plastic. Fibers reduce the bleeding of water and permeability of concrete and they do not increase the strength of the concrete. These are uniformly distributed and randomly oriented. The different types of fibers are synthetic fibers, glass fibers, natural fibers and steel fibers.

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Global Concrete fiber Market Top Players
• Propex Operating Company LLC
• Bekaert SA
• ABC Polymer Industries
• Sika AG
• Cemex SAB de CV
• Fibercon International Inc.
• Nycon Corporation
• Owens Corning
• Ultratech Cement
• The Euclid Chemical Company
• GCP Applied Technologies
• Forta Corporation
• Helix Steel

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