Concrete Fiber Market

Attractive Opportunities

Global Demand Analysis & Sales Opportunities in Concrete Fiber Market 

• The annual demand for concrete fiber was USD 1.4 billion in 2024 and is expected to reach USD 1.5 billion in 2025, up 6.3% than the value in 2024.
• During the forecast period (2025-2031), the concrete fiber market is expected to grow at a CAGR of 4.7%. The annual demand will reach USD 2.0 billion in 2031.
• During 2025-2031, the concrete fiber industry is expected to generate a cumulative sales opportunity of USD 12.3 billion, which is almost 1.5 times the opportunities during 2019-2024.

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High-Growth Market Segments: 

• Europe is likely to remain the dominant region, whereas Asia-Pacific remains the fastest-growing region during the forecast period.
• By fiber type, Steel fiber is likely to remain the dominant fiber type, whereas synthetic fiber remains the fastest-growing type during the forecast period.
• By end-user type, Mining & Tunnel is likely to remain the biggest demand generator for concrete fibers. Industrial flooring is anticipated to remain the fastest-growing segment over the same period.
• By application type, Slab is the most dominant application regarding the use of concrete fibers.

Market Statistics 

Have a look at the sales opportunities presented by the concrete fiber market in terms of growth and market forecast.

Market Dynamics

Introduction:

Concrete fibers are short, discrete elements of steel, synthetic, glass, or natural fibers that are incorporated into concrete to improve its mechanical properties. Concrete fibers strengthen the tensile strength, durability, and crack resistance of concrete, making it a popular choice for construction and infrastructure projects. Concrete fibers reduce shrinkage, regulate cracking, and enhance impact resistance by better distributing stress. Commonly applied in use cases like industrial flooring, bridges, tunnels, and precast elements, fiber-reinforced concrete provides a cost-efficient and environmentally friendly option for improving the durability and performance of concrete structures.

Apart from their structural advantages, concrete fibers help lower maintenance and repair expenses by increasing the life of concrete structures. They provide enhanced resistance to extreme environmental conditions, such as freeze-thaw cycles, corrosion, and abrasion. The flexibility of concrete fibers allows them to be used in a wide range of construction applications, ranging from residential structures and commercial complexes to massive infrastructure projects such as dams and highways. With ongoing developments in material technology, the availability of environmentally friendly and high-performance fiber alternatives is further promoting the use of concrete fibers in contemporary construction methods.

Market Drivers:

• Key drivers of the concrete fiber market include increasing infrastructure development, urbanization, and the growing demand for durable, sustainable construction materials. The rising use of fiber-reinforced concrete for crack resistance, structural reinforcement, and industrial applications, along with technological advancements and government investments in large-scale projects, further fuels market growth. Additionally, the emphasis on eco-friendly construction practices supports the market's expansion.

Segment Analysis

Fiber Insights

“Steel fiber is expected to remain the leading fiber type, while synthetic fiber is projected to be the fastest-growing type during the forecast period.”

• The market for concrete fiber is segmented into steel fiber, synthetic fiber, glass fiber, and other fibers. In the synthetic fiber category, it is further divided into macro fiber and microfiber. Steel fiber is expected to continue its reign in the market during the forecast period due to its superior durability, high elastic modulus, and tensile strength.
• Steel fiber-reinforced concrete possesses higher ductility, post-cracking strength, and fatigue life than conventional reinforced concrete. It also possesses better resistance to spalling, wear, and tear, making it well-suited for heavy-duty uses like ground slabs, tunnels, and bridge precast members. Synthetic fiber, though, is gaining popularity at a very fast rate due to its capability to regulate and limit plastic shrinkage cracking, segregation, and water bleeding, increase surface durability, and prevent the risk of delamination.

Application Insights

“Slab is the widely used application regarding the use of concrete fibers.”

• The concrete fiber market is segmented into precast concrete, sprayed concrete, slabs, and others. Slabs are expected to remain the most preferred application for concrete fibers soon, with demand projected to witness the highest growth during this period. Fiber-reinforced slabs are extensively used across major end-use industries, including transport infrastructure, building & construction, mining & tunnel, and industrial flooring.
• Precast concrete is anticipated to hold its position as the second-largest application for concrete fibers throughout the forecast period. It offers numerous advantages such as exceptional durability, versatility, ease of construction, and cost-effectiveness. Additionally, precast concrete enhances aesthetics, reduces overall construction time, and improves safety on construction sites, making it a preferred choice for various projects.

End-User Insights

“Mining and tunneling are expected to remain the largest demand generators for concrete fibers, while industrial flooring is projected to be the fastest-growing segment during the same period.”

• The market for concrete fiber is segmented into transport infrastructure, building & construction, mining & tunnel, industrial flooring, and other end-users.
• Of these, the mining & tunnel category is expected to continue its leadership over the forecast period, with steel fiber used most extensively in these applications. Concrete fibers in tunneling and mining are used mainly for tunnel lining, reinforcement of shafts, slope stabilization, and underground mining activities.

Regional Insights

“Europe is likely to remain the dominant region, whereas Asia-Pacific remains the fastest-growing region during the forecast period.”

• Europe is projected to remain the largest market for concrete fibers, holding over 35% share, led by Germany and France. This dominance is attributed to the anticipated growth in construction activities, rising demand for concrete reinforcement products, and a growing emphasis on developing low-carbon concrete solutions.
• North America and Asia-Pacific are also expected to present significant opportunities over the next five years, driven by the expansion of construction projects and the increasing adoption of concrete fibers in various applications.

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Competitive Landscape

The market is highly fragmented, with over 50 players. Most of the major players compete in some of the governing factors, including price, service offerings, regional presence, etc. The following are the key players in the concrete fiber market. Some of the major players provide a complete range of services.

Here is the list of the Top Players (Based on Dominance)

• BASF SE
• Sika AG
• Bekaert SA
• Cemex S.A.B. de C.V.
• Owens Corning
• GCP Applied Technologies Inc.
• The Euclid Chemical Company
• ABC Polymer Industries
• Nycon Corporation
• Fibercon International Inc.

Note: The above list does not necessarily include all the top players in the market.

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Recent Market JVs and Acquisitions:

A considerable number of strategic alliances, including M&As, JVs, etc., have been performed over the past few years:

• In March 2024, Sika AG acquired Chema, a leading manufacturer of construction chemicals in Peru, strengthening its position in the Latin American market and expanding its concrete reinforcement solutions.
• In February 2024, Saint-Gobain acquired GCP Applied Technologies, enhancing its offerings in construction chemicals and concrete additives while expanding its global presence.
• In January 2024, Cinven acquired Master Builders Solutions, a private equity firm, to support its growth and innovation in sustainable concrete fiber and admixture solutions.
• In December 2023, Owens Corning acquired Vliepa GmbH, a manufacturer of specialty materials, reinforcing its product portfolio in concrete fiber and construction applications.
• In November 2023, Bekaert expanded its global presence by acquiring a steel fiber manufacturing facility in India, strengthening its supply chain and production capacity in the concrete reinforcement market.

Report Features

This report provides market intelligence most comprehensively. The report structure has been kept so that it offers maximum business value. It provides critical insights into market dynamics and will enable strategic decision-making for 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, Service portfolio, New Product Launches, etc.
• COVID-19 impact and its recovery curve.
• Attractive market segments and associated growth opportunities.
• Emerging trends.
• Strategic growth opportunities for the existing and new players.
• Key success factors.

Market Segmentation 

This report studies the market, covering a period of 15 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:

Concrete Fiber Market, by Fiber Type

• Steel Fiber
• Synthetic Fiber
• Glass Fiber
• Others

Concrete Fiber Market, by End-User Type

• Transportation Infrastructure
• Building & Construction
• Mining & Tunnel
• Industrial Flooring
• Others

Concrete Fiber Market, by Application Type

• Precast Concrete
• Sprayed Concrete
• Slab
• Others

Concrete Fiber Market, by Region

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

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 to provide a panoramic view of the market.
• The vital data/information provided in the report can play a crucial role for market participants and investors in identifying the low-hanging fruits available in the market and formulating 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 15 detailed primary interviews with market players across the value chain in all four regions and industry experts to obtain both qualitative and quantitative insights.

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.

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