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Concrete Fiber Market Size & Share Analysis | 2022-2027
Concrete Fiber Market Size, Share, Trend, Dynamics, Forecast, & Growth Analysis- 2022-2027.
Concrete Fiber Market is segmented by Fiber Type (Steel Fiber, Synthetic Fiber [Microfiber and Macrofiber], Glass Fiber, and Others), by End-User Type (Transport Infrastructure, Building & Construction, Mining & Tunnel, Industrial Flooring, and Others), by Application Type...
The concrete fiber market was estimated at US$ 1.31 billion in 2021 & is expected to exhibit a healthy CAGR of 5.0% over the forecast period, reaching a valuation of US$ 1.8 billion by 2027.
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What is concrete fiber?
Fibers in concrete help in several ways such as controlling and regulating plastic shrinkage and cracking, increasing energy absorption, and reducing dangerous spalling at high temperatures.
They enhance tensile strength, freeze-thaw resistance, and keep the concrete sturdy and visibly attractive over time. Hence, they are often used in applications like the construction of bridges, tunnels, and pavements.
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Concrete Fiber Market Highlights |
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Market Size in 2021 |
USD 1.31 billion |
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Market Size in 2027 |
USD 1.8 billion |
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Market Growth (2022-2027) |
5% CAGR |
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Base Year of Study |
2021 |
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Trend Period |
2016-2020 |
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Forecast Period |
2022-2027 |
The demand for concrete fiber is expected to be driven by several factors, such as-
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Segmentations |
List of Sub-Segments |
Dominant and Fastest-Growing Segments |
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End-User Type |
Transport Infrastructure, Building & Construction, Mining & Tunnel, Industrial Flooring, and Others |
Mining & Tunnel is likely to remain the biggest demand generator for concrete fibers. Building & construction is anticipated to remain the fastest-growing segment over the same period. |
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Fiber Type |
Steel Fiber, Synthetic Fiber, (Microfiber and Macro fiber), Glass Fiber, and Others |
Steel fiber is likely to remain the dominant fiber type, whereas synthetic fiber remains the fastest-growing type during the forecast period. |
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Application Type |
Precast Concrete, Sprayed Concrete, Slab, and Others |
Slab is the most dominant application with regard to the use of concrete fibers. |
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Region Type |
North America, Europe, Asia-Pacific, and Rest of the World |
Europe is likely to remain the dominant region, whereas Asia-Pacific remains the fastest-growing region during the forecast period. |
The market is segmented into transport infrastructure, building & construction, mining & tunnel, industrial flooring, and others. Mining & tunnel is expected to remain the dominant segment in the market during the forecast period. Steel is the dominantly used fiber type in mining & tunnel applications.
Key applications for concrete fibers in mining & tunnel are tunnel lining and shafts, slope stabilization, and underground mines. Building & Construction is estimated to remain the growth propeller of the market in the coming five years. It includes all the residential and non-residential buildings and structures.
The market is segmented into steel fiber, synthetic fiber, glass fiber, and others. The synthetic fiber market is further bifurcated into macro fiber and microfiber. Steel fiber is expected to remain the dominant fiber type in the market during the forecast period, owing to its high durability, e-modulus, and tensile strength.
Steel fiber-reinforced concrete offers higher ductility and post-cracking strength, fatigue resistance, spalling, and wear & tear compared to conventional reinforced concrete. In addition, it is used for heavy-duty applications including ground slabs and precast elements for tunnels and bridges. However, Synthetic fiber is gaining faster acceptance. It controls and mitigates plastic shrinkage cracking, reduces segregation and bleeds water, increases surface durability, and reduces the risk of delaminating.
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The market is classified as precast concrete, sprayed concrete, slab, and others. The slab is expected to remain the most preferred application for concrete fibers in the foreseen future. It is also anticipated that the demand for concrete fibers in this application is likely to witness the highest growth for the same period. Fiber-reinforced slabs are used in all the major end-use industries such as transport infrastructure, building & construction, mining & tunnel, and industrial flooring.
Precast concrete is likely to remain the second-largest application type of concrete fiber during the forecast period. The key advantages of precast concrete are high durability, versatility, ease of construction, and affordability. Also, it is aesthetically pleasing, reduces the overall construction time, and enhances safety at the construction site.
Europe is expected to remain the largest market for concrete fibers during the forecast period. Germany and France remain the largest markets for concrete fibers in the region, due to an expected increase in the growth of construction activities, increasing demand for concrete reinforcement products, and increased focus on developing low-carbon concrete solutions. North America and Asia-Pacific are also likely to create sizeable opportunities in the coming five years, driven by an increase in construction activities.
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This report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision-making and growth strategy formulation based on the opportunities present in the market.
The market is segmented into the following categories.
By Fiber Type
By End-User Type
By Application Type
By Region
Click Here, to know the market segmentation details.
The market is populated with the presence of several local, regional, and global players. Most of the major players compete in some of the governing factors including price, product offerings, regional presence, etc.
The following are the key players in the concrete fiber market.
Recent Market Mergers and Acquisitions:
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This strategic assessment report, from Stratview Research, provides a comprehensive analysis that reflects today’s concrete fiber market realities and future market possibilities for the forecast period. The report segments and analyzes the market in the most detailed manner in order to provide a panoramic view of the market. The vital data/information provided in the report can play a crucial role for the market participants as well as investors in the identification of the low-hanging fruits available in the market as well as to formulate the growth strategies to expedite their growth process.
This report offers high-quality insights and is the outcome of a detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders, and validation and triangulation with Stratview Research’s internal database and statistical tools.
More than 1,000 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles, have been leveraged to gather the data.
We conducted more than 10 detailed primary interviews with the market players across the value chain in all four regions and industry experts to obtain both qualitative and quantitative insights.
This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision-making for the existing market players as well as those willing to enter the market.
What Deliverables Will You Get in this Report?
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Key questions this report answers |
Relevant contents in the report |
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How big is the sales opportunity? |
In-depth Analysis of the Concrete Fiber Market |
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How lucrative is the future? |
Market forecast and trend data and emerging trends |
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Which regions offer the best sales opportunities? |
Global, regional, and country-level historical data and forecasts |
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Which are the most attractive market segments? |
Market segment analysis and Forecast |
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Which are the top players and their market positioning? |
Competitive landscape analysis, Market share analysis |
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How complex is the business environment? |
Porter’s five forces analysis, PEST analysis, Life cycle analysis |
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What are the factors affecting the market? |
Drivers & challenges |
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Will I get the information on my specific requirement? |
10% free customization |
With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:
Company Profiling
Competitive Benchmarking
Custom Research: Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry to sales@stratviewresearch.com.
Fibers in concrete help in several ways such as controlling and regulating plastic shrinkage and cracking, increasing energy absorption, and reducing dangerous spalling at high temperatures. They enhance tensile strength, freeze-thaw resistance, and keep the concrete sturdy and visibly attractive over time. Hence, they are often used in applications like the construction of bridges, tunnels, and pavements.
The concrete fiber market was estimated at US$ 1.31 billion in 2021
The concrete fiber market is likely to reach USD 1.8 billion in 2027.
The concrete fiber market is estimated to grow at a CAGR of 5.0% by 2027, driven by increasing construction activities along with rising demand for emission reduction and energy-efficient products, and an increase in focus on developing application-specific and customer-centric products.
Steel fiber is estimated to be dominant in the market in the coming years. Steel fiber is used to provide concrete with higher tensile strength, better strain capacity, enhanced energy absorption, improved toughness, and post-crack load-carrying capacity.
Bekaert, Arcelor Mittal, Sika AG, Master Builders Solutions, Owens Corning, Chryso Group, Euclid Chemical, KrampeHarex GmbH & Co. KG, GCP Applied Technologies Inc., and Technobasalt-Invest, LLC are the leading players in the concrete fiber market.
Europe is estimated to remain the dominant region in the concrete fiber market in the foreseeable future. The key countries driving the region’s demand for concrete fiber are Germany and France.
Asia-Pacific is estimated to remain the fastest-growing market for concrete fibers in the foreseen future, owing to rising construction activities and the expected increase in demand for precast concrete elements. China and Japan are major countries in the region.
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