Global Concrete Fiber Market was valued at USD 2.44 Bn in 2019 and is expected to reach at USD 4.58 Bn by 2027 at a CAGR of 8.18% over the forecast period 2020-2027.
The report covers an in-depth analysis of COVID 19 pandemic impact on Global Concrete Fiber Market by region and on the key players revenue affected till April 2020 and expected short term and long-term impact on the market.
Global Concrete Fiber Market
Global Concrete Fiber Market Dynamics
Fiber concrete (FRC) is a new building and construction material which is gaining importance in recent years as it is used to improve engineering properties of concrete. Fiber concrete is relatively brittle, tensile, and possess large compressive strength. Therefore, concrete fiber is easily reinforced with steel reinforcing bars. From many end users such as transport, construction, mining, industrial flooring the demand for concrete fiber is increasing. The main purpose of concrete fiber is to increase the energy absorption capacity, toughness of the material, and to increase tensile and flexural strength of concrete. Various factors such as growing urbanisation trend in developing countries, growing demand for non-corrosive and light weight construction material, increasing government and private investment in various infrastructure projects and increasing spending on road construction and buildings in India, Brazil and in South Asian countries are driving the market growth over the forecast period.
However, factors such as high costs pertaining to concrete fiber, growing entry barriers for new market players, less awareness in underdeveloped countries and availability of substitute products are restraining the market growth over the forecast period.
Global Concrete Fiber Market is segmented by type, by end-user, and by region. By type, synthetic fiber held the highest market share in 2019 and is expected to keep its dominance over the forecast period owing to the increasing research and development by manufacturers to improve product quality synthetic fibers. Synthetic fibers are further sub-segmented into polypropylene, polyethylene, and others. Various end-user such as transport, building, and construction are adopting synthetic polymers as they are easily replaceable and easy to handle. By end-user, transport & infrastructure held the highest market share in 2019 and is expected to keep its dominance over the forecast period owing to infrastructure projects across the globe. Concrete fibers are used in transport and infrastructure industry to build roads, highways, bridges, railway stations, and ports & airports. Transport & infrastructure end user is followed by construction and building segment with xx% of market share over forecast period. The concrete fibers are used in the majority of constructions including residential, and commercial buildings.
By geography, North America held the highest market share in 2019 and is expected to keep its dominance over the forecast period. Increasing investment in building and construction projects is mainly driving the market growth in this region. In fighting economic crisis of COVID-19, the Trump led United States government is heavily investing in construction and infrastructure projects. These investments are expected to create lucrative opportunities for construction fiber market in this region. U.S. Concrete Inc is a major market player in this region.
The U.S. Concrete Inc produces Steel fiber concrete, Synthetic fiber concrete, basalt fiber concrete & related materials and services for commercial, residential, and infrastructure construction projects. U.S. Concrete has 10 plants in United States. In 2019 company produced 7.2 Mn tons of concrete fibers. U.S. Concrete Inc mainly focuses on domestic markets such as California, New Jersey/New York, and Texas. North America is followed by APAC and Europe. APAC is expected to grow at the highest CAGR of 9.1% over the forecast period. Increasing investment by China, India, South Korea, and Japan in infrastructure and construction projects and rising disposable income are driving the market growth over the forecast period. Due to COVID-19 outbreak the shortage in supply of raw materials from Chinese manufacturers has created demand-supply gap. The manufacturers are facing difficulties for getting raw material as logistics industry is significantly impacted due to COVID-19.
Report covers in depth analysis of key development, marketing strategies, supply-side and demand side indicators and company profiles of market leaders, potential players and mew entrants. Key players operating in this market are adopting various organic and inorganic growth strategies such as merger& acquisitions, joint ventures, collaborations, expansion, new product launches and patents to increase their regional presence and business operations.
The objective of the report is to present a comprehensive analysis of the Global Concrete Fiber Market including all the stakeholders of the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that includes market leaders, followers, and new entrants. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analysed, which will give a clear futuristic view of the industry to the decision-makers. The report also helps in understanding Global Concrete Fiber Market dynamics, structure by analyzing the market segments and project Global Concrete Fiber Market Clear representation of competitive analysis of key players by price, financial position, Product portfolio, growth strategies, and regional presence in the Global Concrete Fiber Market make the report investor’s guide
Scope of Global Concrete Fiber Market
Global Concrete Fiber Market Segmentation by Type
• Synthetic Fiber
• Steel Fiber
• Glass Fiber
• Natural Fiber
• Basalt Fiber
Global Concrete Fiber Market Segmentation by End-Users
• Transport & Infrastructure
• Building & Construction
• Mining & Tunnel
• Industrial Flooring
Global Concrete Fiber Market Segmentation by Region
• North America
• MEA& Africa
• South Africa
Global Concrete Fiber Market Major Players
• BASF SE (Germany)
• Sika AG (Switzerland)
• Propex Global (U.S.)
• Bekaert SA (Belgium)]
• Owen Corning (U.S.)
• ABC Polymer Industries (U.S.)
• UltraTech Cement Limited (India)
• Owens Corning (US)
• U.S. Concrete, Inc. (US)
• GCP Applied Technologies (US)
• Forta Corporation (US)
• Fibercon International Inc. (US)
• The Euclid Chemical Company (US)
• CEMEX (Mexico)
• Bekaert (Belgium)
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