Concrete Fibers Market

Global Concrete Fibers Market Size Analysis

According to a research survey conducted by ChemView Consulting, in 2022, the Global Concrete Fibers Market was worth US$ 2,384.0  Mn and is expected to grow at a CAGR of 7.9% over the forecast period. While the historical CAGR is 6.7%, the market is expected to hit US$ 5,099.4 Mn by 2032 end.

When a structure is being constructed, concrete fibers are mostly used to patch up fractures in the concrete, hide crevices, and cover up other flaws. One of the main uses of concrete fibers is to repair craters in roads and bridges.

Rising construction spending by the governments of developing economies like India and China, coupled with increasing demand for single-family housing units in Europe and the North American region, is supporting the overall growth of the construction industry.

Market Dynamic

GROWING DEMAND FOR CONCRETE FIBERS IS DRIVING THE MARKET

Commercial construction activity is anticipated to fuel the market due to the improved economy. The need for more office and storage space has been driven by the expansion of industries like food and consumer goods, which has had a large positive impact on the construction sector and the demand for paving slabs as long-lasting and attractive flooring. With the majority of the factors involved in producing and manufacturing the raw materials used in the production of paving slabs, product makers have a highly integrated supply chain.

HIGH COSTS OF PRODUCTION IS HAMPERING THE MARKET GROWTH

Adding 1 1/2 pounds of polypropylene to concrete fibers is more expensive, costing an additional $7 or $8 per cubic yard. Additionally, because concrete fibers are about 10% heavier than non-fiber concrete, the market expansion is hampered by fluctuating raw material prices, synthetic fiber waste management, the risk of corrosion in steel-type fibers, and the creep and shrinkage that some concrete fibers are subject to. Therefore, these factors challenge the market growth rate for concrete fiber.

Market Segments Covered in Report

By Type:

• Natural Fiber
• Synthetic Fiber
• Steel Fiber
• Glass Fiber
• Others

By End-Use:

• Construction
• Transportation Infrastructure
• Mining
• Others

By Region and Country:

• North America (U.S., Canada)
• Latin America (Brazil, Mexico, Rest of Latin America)
• Europe (Germany, Italy, France, UK, Spain, Netherlands, Norway, Russia, Rest of Europe)
• Asia-Pacific (China, Japan, South Korea, India, Indonesia, Thailand, Vietnam, Australia & New Zealand, Rest of Asia-Pacific)
• Middle East (Saudi Arabia, Turkey, UAE, Rest of Middle East)
• Africa (South Africa, Nigeria, Egypt, Rest of Africa)

Segment-Wise Analysis

Why is a surge in Steel Fiber demand anticipated throughout the projected period?

Over the anticipated period, demand for steel fiber reinforced concrete is expected to increase due to the production of pipes, septic tanks, and tunnel linings. The great volume usage of the product can be attributed to the fact that these fibers are also utilized for rebuilding old pavements to thin them out, smoothen the riding surface, and increase impact resistance.

Why the largest end-use industry is transportation infrastructure?

The largest industry for concrete fiber end-use is transportation infrastructure. Highways, bridges, roadways, traditional concrete paving, barrier rails, curb work, truck or container terminals in logistics centers, and sound attenuation barriers all use concrete fiber. The high qualities of concrete fiber employed in this end-use sector include great durability, strong impact resistance, and mechanical, chemical, and heat resistance.

Region-Wise Analysis

The regions analyzed for the market include North America, Europe, Latin America, Asia Pacific, the Middle East, and Africa.

• With a market share of 7%, North America is one of the important markets for concrete fiber. It is the largest market globally for demand and product innovation in terms of quality and application development. The United States, which makes up most of North America’s market, is the largest nation in the region and one of the major users of concrete fiber.
• The demand for concrete fiber is increasing in nations like China, India, Japan, South Korea, and other parts of the Asia-Pacific region, which is the market that is expanding at the fastest rate.

Competition Analysis

Due to the production process’s capital-intensive nature, the concrete reinforcing fiber market is characterized by well-established players with a solid financial foundation. The businesses run their operations through a network of manufacturing facilities spread across various sites, with distribution taking place at numerous sales locations throughout the service area.

The price difference is an essential component of the business strategy for businesses that compete in the market. Additionally, the cost of the raw materials needed to produce the reinforcing fiber affects the cost of the concrete. The quantity consumers buy significantly impacts the price of the goods manufactured for the market.

A list of some of the key suppliers present in the market are:

• BASF SE
• Sika AG
• Propex Operating Company, LLC.
• Bekaert
• Dupont
• Dow
• Owen Corning
• UltraTech Cement Ltd
• U.S. Concrete
• GCP Applied Technologies
• FORTA Concrete Fiber
• Fibercon International Inc.
• The Euclid Chemical Company
• Cemex S.A.B de C.V.
• ABC Polymer Industries, LLC
• Sika AG
• SOLVAY
• Propex Operating Company, LLC

Report Coverage and Highlights

• Our comprehensive, data-backed, and facts-oriented report provides niche and cross-sectional analysis at global and country levels.
• Assessment of the historical (actual data) and current market size (2017-2021), market projections (2022-2032), and CAGR.
• The market assessment across North America, Europe, East Asia, South Asia & Pacific, Latin America, Middle East, and Africa.
• Competitive tactical intelligence, key strategies adopted by top players, production capacity and company shares analysis, product brand surveys, and export-import analysis
• Pricing analysis to set and benchmark your current or future offerings across each product type helps you understand whether your pricing strategy is aligned with market expectations and can be compared to market disruptions.
• Predictions on critical supply and demand trends and technological expertise needed to address operations scalability.
• Consumer behavior shifts and their implications for players, list of end-users, and their consumption analysis.
• Key drivers, restraints, opportunities, and emerging trends impacting the market growth.
• Value chain analysis (list of manufacturers, distributors, end-users, and average profitability margins).
• Strategic market analysis, recommendations, and future headways on crucial winning strategies.