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    Concrete Fiber Market Report

    Concrete Fiber Market Report
    Report code - SRAM255 Published On : Sep,2022 No. of Pages: 125
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    Concrete Fiber Market Size, Share, Trend, Forecast, Competitive Analysis, and Growth Oppor See more...

    Market Highlights

    Fibers in concrete help in controlling and regulating plastic shrinkage and cracking as well as increasing energy absorption and reducing dangerous spalling at high temperatures. They improve freeze-thaw resistance and help to keep the concrete strong and attractive for extended periods. The need for fiber-reinforced concrete is anticipated to be fueled by both current and future uses, innovative industrialized practices, and affordable prices compared to other core materials.

    The global concrete fiber market witnessed a nominal decline (-1.9%+ in 2020) amid the pandemic in the wake of supply chain disruption, shortage of raw materials, dearth of labor, and interrupted production schedules across industries. However, the long-term outlook still seems propitious with a rebound from 2021 onwards, driven by increasing construction activities along with rising demand for emission reduction and energy-efficient products, and an abrupt increase in raw material prices. Overall, the concrete fiber market is likely to rebound at a promising CAGR of 5.0% in the long run to reach US$ 1.9 Billion in 2027.

    Recent Market Merger and Acquisitions:

    • In 2021, The acquisition of Chryso Group by Saint Gobain strengthens its position in the construction chemicals market. Chryso Group joins the sustainable construction businesses within the high-performance solutions segment.
    • In November 2021, Sika AG signed a definitive agreement to acquire MBCC Group (formerly BASF Construction Chemicals) from an affiliate Lone Star Funds, for a consideration of US$ 6 Billion.
    • In December 2021, Saint-Gobain signed a definitive agreement with GCP Applied Technologies Inc. to acquire a transaction valued at approximately $2.3 billion (approximately €2.0 billion). The acquisition of Chryso Group followed by GCP Applied Technologies clearly directs the Saint Gobain strategies to strong fold its presence in the construction chemical business. 

    Market Segments' Analysis

    Segmentations

    List of Sub-Segments

    Dominant and Fastest-Growing Segments

    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.

    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.

    Application Type

    Precast Concrete, Sprayed Concrete, Slab, and Others

    Slab is the most dominant application with regard to the use of concrete fibers.

    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.

     
    Based on the fiber type, the concrete fiber market is segmented into steel fiber, synthetic fiber, glass fiber, and others. The synthetic fiber market is further bifurcated into macrofiber 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 slab and precast elements for tunnels and bridges. However, Synthetic fiber is gaining faster acceptance. It controls and mitigates plastic shrinkage cracking, reduces segregation and bleed water, increases surface durability, and reduces the risk of delaminating.

    Based on the end-user type, 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.

    Based on the application type, the market is classified as precast concrete, sprayed concrete, slab, and others. 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. 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.

    In terms of regions, 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. 

    Key Players

    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.

    • Bekaert
    • Arcelor Mittal
    • Sika AG
    • Master Builders Solutions
    • Owens Corning
    • Chryso Group
    • Euclid Chemical

    Research Methodology

    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.

    Report Features

    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. The following are the key features of the report:

    • Market structure: Overview, industry life cycle analysis, supply chain analysis.
    • Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis.
    • Market trend and forecast analysis.
    • Market segment trend and forecast.
    • Competitive landscape and dynamics: Market share, Product portfolio, New Product Launches, etc.
    • Attractive market segments and associated growth opportunities.
    • Emerging trends.
    • Strategic growth opportunities for the existing and new players.
    • Key success factors.
    The concrete fiber market is segmented into the following categories. 

    Concrete Fiber Market, by Fiber Type

    • Steel Fiber (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Synthetic Fiber (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
      • Microfiber (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
      • Macrofiber (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Glass Fiber (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Others (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

    Concrete Fiber Market, by End-User Type

    • Transportation Infrastructure (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Building & Construction (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Mining & Tunnel (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Industrial Flooring (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Others (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

    Concrete Fiber Market, by Application Type

    • Precast Concrete (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Sprayed Concrete (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Slab (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Others (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

    Concrete Fiber Market, by Region

    • North America (Country Analysis: The USA, Canada, and Mexico)
    • Europe (Country Analysis: Germany, France, The UK, Russia, Turkey, and Rest of Europe)
    • Asia-Pacific (Country Analysis: Japan, China, India, and Rest of Asia-Pacific)
    • Rest of the World (Country Analysis: Brazil, Saudi Arabia, and Others)
     

    Report Customization Options

    With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:

    Company Profiling

    • Detailed profiling of additional market players (up to three players)
    • SWOT analysis of key players (up to three players)

    Competitive Benchmarking

    • Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances

    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

    General Frequently Asked Questions (FAQs)

    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 regions 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.