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Concrete Fiber Market Growth Analysis | 2022-2027
Concrete Fiber Market Size, Share, Trends, Dynamics, Forecast, & Growth Analysis: 2022-2027
The concrete fiber market was estimated at USD 1.31 billion in 2021 and is likely to grow at a CAGR of 5.0% during 2022-2027 to reach USD 1.8 billion in 2027.
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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, and 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 demand for concrete fiber is expected to be driven by several factors, such as
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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.
Note: The above list does not necessarily include all the top players in the market.
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Recent Market Mergers and Acquisitions:
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Segmentations |
List of Sub-Segments |
Segments with High Growth Opportunity |
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End-User Type Analysis |
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. |
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Fiber Type Analysis |
Steel Fiber, Synthetic Fiber [Microfiber and Macrofiber], Glass Fiber, and Others |
Steel fiber is expected to remain the dominant fiber type in the market during the forecast period. |
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Application Type Analysis |
Precast Concrete, Sprayed Concrete, Slab, and Others |
The slab is expected to remain the most preferred application for concrete fibers in the foreseen future. |
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Regional Analysis |
North America, Europe, Asia-Pacific, and Rest of the World |
Europe is expected to remain the largest market for concrete fibers 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 foreseeable 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 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:
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 concrete fiber market is segmented into the following categories.
By Fiber Type
By End-User Type
By Application Type
By Region
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Company Profiling
Competitive Benchmarking
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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 likely to grow at a CAGR of 5.0% during 2022-2027.
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 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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