Home Advanced Materials Concrete Reinforcing Fiber Market Trends, Share, Size, Growth, Forecast by 2033

Concrete Reinforcing Fiber Market Size, Share & Trends Analysis Report By Type (Synthetic Fiber, Steel Fiber, Glass Fiber, Natural Fiber, Basalt Fiber), By End-use Industry (Transport Infrastructure, Building & Construction, Mining & Tunnelling, Industrial Flooring, Other End-use Industries) and By Region(North America, Europe, APAC, Middle East and Africa, LATAM) Forecasts, 2025-2033

Report Code: SRAM1944DR
Last Updated : Oct 28, 2024
Author : Straits Research
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Concrete Reinforcing Fiber Market Size

The global Concrete Reinforcing Fiber Market size was valued at USD 2.39 billion in 2024 and is projected to reach from USD 2.54 billion in 2025 to USD 4.24 billion by 2033, growing at a CAGR of 6.6% during the forecast period (2025-2033).

The mechanical strength of concrete can be improved by adding concrete reinforcing fiber, which is a fibrous material utilized in the process. Fibers are most commonly employed in concrete with the goal of reducing the appearance of cracks brought on by the loss of moisture and plastic shrinkage that occurs during the hardening process. The absence of features such as high stability, structural durability, and temperature resistance in non-fiber reinforced concrete is one of the distinguishing characteristics of concrete with reinforcing fibers.


Concrete Reinforcing Fiber Market Growth Factors

Increasing preference for sustainable solutions due to environmental regulations

The strictness with which environmental standards are enforced is having a beneficial effect on the demand for concrete reinforcing fiber. The development of environmental regulations has compelled a variety of end-use industries to modify their methods of production in order to incorporate a greater number of fiber-based reinforcements and sustainable solutions. Concrete reinforcing fiber is an excellent option because it is friendly to the environment, in addition to having high levels of both strength and durability.

It is expected that environmental concerns will be the driving force behind future sales of concrete reinforcing fibers. Manufacturers of fiber-reinforced concrete are acutely aware of the expanding potential in the fiber-reinforced concrete (FRC) market, and as a result, they are ramping up their capacity expansion efforts to satisfy anticipated demand in the coming years.

Concrete Reinforcing Fiber Market Restraining Factors

Volatility in raw material prices and the presence of alternatives

Polypropylene and polyester are the two types of raw materials that are used in the production of concrete reinforcing fibre for a variety of building applications. As a result of the unpredictability in the price of crude oil, the cost of polypropylene fibre reinforced concrete is also going up. Demand for reinforced concrete is being held back, at least to some degree, by a number of issues, the most significant of which are shifts in the prices of raw materials and the availability of alternatives.

Concrete Reinforcing Fiber Market Opportunities

Rising urbanization & growing investment in construction

The development in urbanisation and advancements in construction technology are both factors that are driving up demand for concrete reinforcing fibre. The use of fibre reinforced concrete is being favourably influenced by macroeconomic variables, one of which is an increasing emphasis on the building of infrastructure, particularly in emerging countries. Polyethylene (PE) fibre reinforced concrete is projected to gain ground as a result of growing investments in building and infrastructure development, which have led to an increase in demand for asphalt concrete.

Study Period 2021-2033 CAGR 6.6%
Historical Period 2021-2023 Forecast Period 2025-2033
Base Year 2024 Base Year Market Size USD 2.39 Billion
Forecast Year 2033 Forecast Year Market Size USD 4.24 Billion
Largest Market North America Fastest Growing Market Asia Pacific
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Regional Insights

North America: Dominant Region

North America over the following seven years is anticipated to be exhibited by a high inflow of private investments in the construction industry in 2021. This is projected to be accompanied with a rising number of construction activities. It is projected that the region's industrial sector will experience significant expansion as a direct result of the increasing GDP in North America, which will contribute to growth in the market. It is anticipated that the increased usage of concrete in underwater constructions for the purpose of infrastructural development in economies such as Turkey will be the primary driver of demand for reinforced concrete in the region. In addition, the construction of marine infrastructure in developed countries, such as bridges and tunnels, is anticipated to be a driving force behind industrial expansion.

APAC: Fastest Growing Region

APAC region would lead to an increase in the number of activities related to infrastructure in order to support the growing urbanisation in the region. It is anticipated that an increase in industrial operations in the region would propel the market for industrial infrastructure, and it is anticipated that an increase in employment as a result of this will propel the residential construction segment in the region. The prolonged drop in oil prices, which has restricted the growth of the construction sector in recent years, is expected to be the primary contributor to the sluggish growth in terms of revenue that is anticipated for the Middle East and Africa at a compound annual growth rate of 4.9 percent over the next few years. The industry's expansion has been badly impacted by the mounting financial strain that is the result of falling investment from both public and private customers.

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Segmental Analysis

By Type

Synthetic fibre, steel fibre, glass fibre, natural fibre, basalt fibre, and natural fibre are the categories that categorise the many types of concrete reinforcing fibres. As a result of its lower cost and greater ease of application in comparison to other types of concrete reinforcing fibres, synthetic fibre now holds a 27.2% share of the global market for concrete reinforcing fibre. Synthetic fibres do not respond to changes in temperature by expanding or contracting in size. This helps to keep the surface from becoming cracked. Man-made materials such as synthetic fibres are resilient enough to withstand the alkaline environment of concrete for extended periods of time. A wide variety of synthetic fibres can be created using a number of polymer-based polymers, including nylon, polyester, polyethylene, and polypropylene.

By Application

Concrete reinforcing fibres find use in a variety of end-use industries, including transportation, building and construction, mining and tunnelling, industrial flooring, and others. Other end-use industries include: The concrete reinforcing fibre market is made up of a 29.4 percent share that is contributed by the transportation industry. Because it provides the concrete with great durability, impact resistance, and mechanical strength, concrete reinforcing fibre is a preferred choice in the transport business. Demand for concrete reinforcing fibre in the transportation industry is expected to expand as a result of rising investments in infrastructure projects related to transportation. It is anticipated that a growth in the number of government initiatives and policies designed to aid in the development of transportation infrastructure around the world will fuel the industry.

Market Size By Type

Market Size By Type
  • Synthetic Fiber
  • Steel Fiber
  • Glass Fiber
  • Natural Fiber
  • Basalt Fiber

  • List of key players in Concrete Reinforcing Fiber Market

    1. BASF SE
    2. Bekaert
    3. CEMEX S.A.B. de C.V.
    4. Sika AG
    5. ABC Polymer Industries, LLC
    6. Nycon Corporation
    7. Ultratech Concrete
    8. Owens Corning
    9. FORTA Corporation
    10. The Euclid Chemical Company

    Concrete Reinforcing Fiber Market Share of Key Players

    Concrete Reinforcing Fiber Market Share of Key Players


    Concrete Reinforcing Fiber Market Segmentations

    By Type (2021-2033)

    • Synthetic Fiber
    • Steel Fiber
    • Glass Fiber
    • Natural Fiber
    • Basalt Fiber

    By End-use Industry (2021-2033)

    • Transport Infrastructure
    • Building & Construction
    • Mining & Tunnelling
    • Industrial Flooring
    • Other End-use Industries

    Frequently Asked Questions (FAQs)

    What is the growth rate for the Concrete Reinforcing Fiber Market?
    Concrete Reinforcing Fiber Market size will grow at approx. CAGR of 6.6% during the forecast period.
    Some of the top industry players in Global Market are, BASF SE, Bekaert, CEMEX S.A.B. de C.V., Sika AG, ABC Polymer Industries, LLC, Nycon Corporation, Ultratech Concrete, Owens Corning, FORTA Corporation, The Euclid Chemical Company, etc.
    In the Global Market, North America has established itself as the market leader with a significant market share.
    The Asia Pacific region has experienced the highest growth rate in the Global Market.
    The Global Market report is segmented as follows: By Type, By End-use Industry


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