Concrete Fiber Market Key Participants, Trends, and SWOT Analysis
Global concrete
fiber market is expected to grow at a significant CAGR in
the upcoming period as the scope and its applications are rising enormously
across the globe. Concrete fiber is also termed as “fiber reinforced concrete
(FRC)”; which comprises a fibrous material that upsurges its structural
integrity. It includes short discrete fibers that are consistently dispersed
and are arbitrarily oriented. The fibers may comprise natural fibers, steel
fibers, synthetic fibers, and glass fibers.
The factors that are playing a major role in
the growth of market are growing demand for non-corrosive materials, upward
penetration in end-use industries, and growing urbanization. However, the high
operating cost may restrain overall market growth in the years to come.
Concrete fiber market is segmented based on type, end-user, and region.
Basalt fiber, synthetic concrete fiber,
natural fiber, steel-concrete fiber, and glass concrete fiber are the types
that could be explored in concrete fiber in the forecast period. The steel
concrete fiber sector accounted for the substantial market share of concrete
fiber in 2017 and is estimated to lead the overall market in the years to come.
The reason could be its excellent flexural & tensile strength, high
durability, advanced toughness and post-crack load carrying capacity, and shock
& fatigue resistance.
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The market may be categorized based on
end-users like mining & tunnel, transport infrastructure, industrial
flooring, building & construction, and others could be explored in concrete
fiber in the forecast period. Mining & tunnel sector comprises underground
mining, shafts and tunnel lining, and slope stabilization. Transport
infrastructure comprises ports & airports, roadways, bridges, highways, and
railways. Building & construction sector comprises non-residential and
residential. Whereas, others may comprise waterways and agriculture.
The transport infrastructure sector
accounted for the substantial market share of concrete fiber and is estimated
to lead the overall market in the years to come. The reason behind the overall
sector growth could be growing demand for concrete fibers in the road industry
and is exclusively used to manufacture airports, roads, railways, highways, and
bridges.
Globally, North America accounted for
the substantial market share of concrete fiber and is estimated to lead the
overall market in the years to come. The reason behind the overall market
growth could be the high demand for concrete fiber and the development of
enhanced products in terms of application and quality development. The United
States is a major consumer of concrete fiber in this region.
Europe and the Asia Pacific are also
estimated to have a positive influence on future growth. Europe is the second
largest region with significant market share. However, Asia Pacific is
estimated to grow at the highest CAGR in the forecast period. The aspects that
may be ascribed to the growth comprise increasing R&D centers and
developing distribution networks. The developing countries like India and China
are the major consumers of concrete fiber in this region.
The key players of concrete fiber
market are Propex Operating Company, LLC, Bekaert SA, Sika AG, Cemex, and ABC
Polymer Industries. These players are concentrating on inorganic growth to
sustain themselves amidst fierce competition.
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