Request Free Sample Report Buy Report
Home > Reports > Concrete Reinforcing Fiber Market: Information by Type (Synthetic Fiber, Steel Fiber), End-use Industry (Transport Infra

Concrete Reinforcing Fiber Market: Information by Type (Synthetic Fiber, Steel Fiber), End-use Industry (Transport Infrastructure, Building & Construction), and Region — Forecast till 2030

Published At : 26 Jul, 2022
Updated At : 27 Jul, 2022
Market Snapshot
Base Year:
2021
Study Period:
2020-2030
CAGR:
6.82 %
Fastest Growing Market:
Asia Pacific
Largest Market:
North America

The global concrete reinforcing fiber market was valued at USD 2.13 billion in 2021 and is projected to reach USD 3.86 billion by 2030, registering a CAGR of 6.82% from 2022 to 2030. 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.

Get more information on this report Download Sample Report

Market Dynamics

Global Concrete Reinforcing Fiber Market Drivers

  • 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.

Global Concrete Reinforcing Fiber Market Restraints

  • 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.

Global Concrete Reinforcing Fiber Market Opportunity

  • 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.

 

Segmentation of the Global Concrete Reinforcing Fiber Market

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.

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.

 

Regional Analysis of the Global Concrete Reinforcing Fiber Market

The market is split by region into North America, Europe, Asia-Pacific, and LAMEA.

Regional Growth Insights Request Sample Pages

A positive outlook for the concrete reinforcing fibre market in 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.

It is anticipated that the growing population in the 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.

 

Competitive Players in the Global Concrete Reinforcing Fiber Market

  • 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

 

Recent Developments

In 2020, The STRUX 90/40 macro synthetic fibres mobile app solution, which can be utilised in a number of concrete applications, has had its version 2.0 launched by GCP Applied Technologies Inc.

 

Global Concrete Reinforcing Fiber Market: Segmentation

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

By Region

  • North America
  • Europe
  • The Asia Pacific
  • Latin America
  • Middle East & Africa
Table of Content Download Sample