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2021
Concrete Fiber Market

Concrete Fiber Market

by Fiber Type (Steel Fiber, Synthetic Fiber, Glass Fiber, Natural Fiber, and Others) and Application (Infrastructure, Building & Construction, Mining & Tunnel, Industrial, and Others): Global Opportunity Analysis and Industry Forecast, 2021-2030
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Report Code: A01697
Pages: 250
Oct 2021 | 10360 Views
Author(s) : Nikhil M , Eswara P
Tables: 154
Charts: 56
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COVID-19

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Concrete Fiber Market Outlook - 2021–2030

The global concrete fiber market was valued at $1.9 billion in 2020, and is projected to reach $4.1 billion by 2030, growing at a CAGR of 8.4% from 2021 to 2030.

The concrete fiber market has been negatively impacted due to the wake of COVID-19 pandemic owing to its dependence on construction sector, where the pandemic has caused extensions in the construction projects deadlines.

Concrete fiber or fiber reinforced concrete is a mixture of cement, mortar, and uniformly/discrete/discontinuous fiber material. These fiber materials are capable of reducing concrete cracking.

Concrete-Fiber-Market--2021-2030	.

Concrete fiber is used in mining and tunnel applications for improving concrete strength and durability, shock & fatigue resistance, and other characteristics. It is used in tunnel linings and subways to redistribute the forces within the concrete structure. The increasing demand for minerals and mining metals has surged the mining activities where concrete fiber is widely used to resist crack formation in concrete structures.

In addition, traffic congestion has led the government of both developed and developing economies to build tunnels and subways where concrete fiber is used to redistribute loads in tunnel linings. 

The increasing population has surged the growth of residential building & construction activities where concrete fiber is widely used to reduce the crack formation in concrete materials. Moreover, rapid industrialization has surged the set-up of industries in both developed and developing economies where concrete fiber is used for enhancing tensile strength of industrial structures. In addition, governments of different countries are consistently focusing on infrastructure development where concrete fiber is used to redistribute the load, enhance tensile strength, and prevent from cracks. These factors together are anticipated to increase the sales of concrete fiber among building and construction sectors; thus fueling the market growth. All these factors collectively surge the demand for concrete fiber, thereby augmenting the global market growth.

However, steel fiber reinforced concrete does not float properly on finished slab surface and slabs that are damaged due to rain leads to exposure of these steel fibers. Steel fiber element present in the concrete causes to lose their structural property after a long time span. Moreover, use of concrete fiber may affect workability owing to problems faced during reinforcement of concrete with steel fibers. Other factors such as susceptibility of steel reinforced concrete to corrosion and weight of the fiber reinforced concrete is high as compared with non-fiber reinforced concrete. This factor hampers the market growth. 

On the contrary, micro synthetic and macro-synthetic fiber can be reinforced with concrete in order to achieve high level of performance. In addition, deformed macro synthetic fiber can be used to reinforce with concrete in order to achieve improved toughness, ductility, impact resistance, and minimal cracking risk. Other factors such as surface durability, minimal maintenance cost, and improved shatter resistance make synthetic fiber reinforced concrete widely used material for pavement construction. Use of synthetic fiber reinforced concrete for flooring application is the key market trend. In addition, it can also be used during construction of internal ground structures that are supported on floor slabs. Other applications of synthetic fiber reinforced concrete include all-purpose industrial flooring, power floated flooring, flooring of garages, workshop flooring, and domestic use flooring. Synthetic fiber reinforced concrete can also be used for pavement construction and it can be used for construction of external ground supported slabs. It is a key factor that is anticipated to offer new opportunity in the global concrete fiber market

The global concrete fiber market analysis is done on the basis of fiber type, application, and region. Depending on fiber type, the market is divided into steel fiber, synthetic fiber, glass fiber, natural fiber, and others. The applications covered in the study include infrastructure, building & construction, mining & tunnel, industrial, and others. Region-wise, the market is analyzed across North America, Europe, Asia Pacific, and LAMEA. 

The major companies profiled in this report include Sika AG, Eucid Chemical Company, CEMEX, Ozinga Bros. Inc., FORTA Concrete Fiber, Heidelberg Cement, ABC Polymer Industries, TUF-Bar, BarChip Inc., and Uniseal Inc.

Concrete fiber market, by region

The Asia-Pacific concrete fiber market size is projected to grow at the highest CAGR of 9.4% during the forecast period and accounted for 38.9% of concrete fiber market share in 2020. The rising industrial, railways, and building & construction sectors have enhanced the performance of concrete fiber in the Asia-Pacific region. China is having the largest consumer products manufacturing sector in the world. Fueled by the rapid growth in domestic consumption and consistent growth in the gross domestic product (GDP), the Chinese industry has grown significantly where concrete fiber is used to enhance tensile strength of indu/strial structures.

Concrete Fiber Market
By Region

2030
Apac 
North America
Europe
Lamea

Asia Pacific is the fastest growing region

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Concrete fiber market, by fiber type

By fiber type, the steel fiber segment dominated the global market in 2020, and is anticipated to grow at a CAGR of 8.4% during forecast period. There is constant rise in construction sector owing to competitive surroundings, construction speed, and efficiency. Thus, use of concrete reinforced with steel fiber for such projects is the key market trend. Steel fiber reinforced concrete are best suited for controlling cracks that occur at early stage of construction and crack control during enhanced load bearing situation. 

Concrete Fiber Market
By Fiber Type

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Synthetic Fiber is fastest growing segment

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Concrete fiber market, by application

By application, the infrastructure segment dominated the global market in 2020, and is anticipated to grow at a CAGR of 8.4% during the forecast period. Concrete fibers are widely used in several building infrastructure to increase its structural integrity. Moreover, it is used to control cracking due to plastic shrinkage and to drying shrinkage. Also, it reduces the permeability of concrete and thus, reduces the bleeding of water through it. Highways are very conventional roads that provide a safe and smooth flow of traffic. Concrete fibers/ are used in highways to increase their load bearing capacity and reduce the friction between the vehicle and the road surface by smoothening it.

Concrete Fiber Market
By Application

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Infrastructure is the most lucrative segment

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Key benefits for stakeholders

  • Porter’s five forces analysis helps analyze the potential of buyers & suppliers and the competitive scenario of the industry for strategy building.
  • It outlines the current concrete fiber market trends and future estimations from 2020 to 2030 to understand the prevailing opportunities and potential investment pockets.
  • The major countries in the region have been mapped according to their individual revenue contribution to the regional market.
  • The key drivers, restraints, and opportunities and their detailed impact analysis are explained in the study.
  • The profiles of key players and their key strategic developments are enlisted in the report.

Impact Of Covid-19 On The Global Concrete Fiber Market

  • The novel coronavirus is an incomparable global pandemic that has spread to over 180 countries and caused huge losses of lives and the economy around the globe. 
  • The concrete fiber market has been negatively impacted due to the wake of COVID/-19 pandemic owing to its dependence on construction sector. Particular country economic development is largely dependent upon construction industry. Rise in number of COVID-19 infections has forced governmental bodies to impose strict lockdown, which in turn has caused delays in the deadlines of construction projects. 
  • Moreover, construction sector accounted for 7.7% of global employment and it was projected to reach 13.4% by 2022. However, current pandemic situation has created stress among workers and downfall in the revenue from construction & building sector has impacted negatively on this sector. These all factors have indirectly affected on the production and supply of concrete fiber that are used in building & construction end-use.
  • The increase in risk of infection among the workforce has resulted in delayed construction projects amid the COVID-19 scenario. For instance, according to an article published by CNA, the construction Industry Joint Committee (CIJC) has said that the shortage of manpower may lead to delay in construction projects attributed to workplace safety, and other factors. Moreover, several concrete fiber manufacturers have either shut down or shrank their operations which in turn have resulted in supply chain disru/ptions. 
  • Also, different raw materials for producing concrete fiber are purchased or hired from other enterprises. The decreased purchasing potential of suppliers has also negatively impacted the market amid the COVID-19 scenario. Furthermore, the COVID-19 pandemic has led to disruptions in transportation, contractual implications problems, labor shortage, and other factors that together have led the construction sector to witness a downfall. For instance, according to a report published by the Australian Performance of Construction Index (PCI) Survey, the construction activity has dropped by 16.3 points to 21.6 points from March 20201 to August 2020.      
  • However, emerging geographic scenarios, enhanced domestic supply chain, and strong public investments are projected to drive the growth of concrete fiber market. For instance, according to an interim report for the 2021 Australian infrastructure plan, the Australian Construction Industry Forum (ACIF) expects the construction industry to return to pre-COVID-19 levels by 2022-23, driven by strong public investments. This is predicted to boost the growth of the concrete fiber market post-COVID-19 period 

Key market segments

By Fiber Type

  • Steel Fiber
  • Synthetic Fiber
  • Glass Fiber
  • Natural Fiber
  • Others

By Application

  • Infrastructure
    • Highways
    • Bridges
    • Railways
    • Others
  • Building & Construction
    • Residential
    • Non-residential
  • Mining & Tunnel
  • Industrial
  • Others

By Region

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • Germany
    • UK
    • France
    • Italy
    • Spain
    • Rest of Europe
  • Asia-Pacific
    • China
    • Japan
    • India
    • South Korea
    • Australia
    • Rest of Asia-Pacific
  • LAMEA
    • Brazil
    • Saudi Arabia
    • South Africa
    • Rest of LAMEA

Key players in the global concrete fiber market are:

  • Sika AG
  • Eucid Chemical Company
  • CEMEX
  • Ozinga Bros. Inc.
  • FORTA Concrete Fiber
  • Heidelberg Cement
  • ABC Polymer Industries
  • TUF-Bar
  • BarChip Inc. 
  • Uniseal Inc.
 

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The global concrete fiber market is expected to exhibit high growth potential owing to its use in applications such as infrastructure, building & construction, and mining & tunnel. Residential structures use concrete fiber for providing more ductile concrete structure and mitigate the formation of cracks. Moreover, it reduces the air voids, water voids and enhances the tensile strength of the residential building. Concrete fiber is used in non-residential construction projects to provide additional support by enhancing the tensile strength, load bearing capacity, reducing air voids, and others. It is mainly used in beams, pliers, and foundations to resist the crack formation by uniformly distributing the load. The increasing population has surged the growth of residential building & construction activities where concrete fiber is widely used to reduce the crack formation in concrete materials, which is predicted to offer lucrative growth opportunities in the future.

Concrete fiber is used in mining and tunnel applications for improving concrete strength and durability, shock & fatigue resistance, and other characteristics. It is used in tunnel linings and subways to redistribute the forces within the concrete structure. The increasing demand for minerals and mining metals has surged the mining activities where concrete fiber is widely used to resist crack formation in concrete structures. This may act as one of the key drivers responsible for the growth of the concrete fiber market. In addition, traffic congestion has led the government of both developed and developing economies to build tunnels and subways where concrete fiber is used to redistribute loads in tunnel linings.

 

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FREQUENTLY ASKED QUESTIONS?

A. Increasing use of concrete fiber in building & construction and mining & tunnel application are the key factors boosting the concrete fiber market growth.

A. The global concrete fiber market forecast was valued at $1.9 billion in 2020, and is projected to reach $4.1 billion by 2030, growing at a CAGR of 8.4% from 2021 to 2030.

A. Sika AG, Eucid Chemical Company, CEMEX, Ozinga Bros. Inc., FORTA Concrete Fiber, Heidelberg Cement, ABC Polymer Industries, TUF-Bar, BarChip Inc., and Uniseal Inc are the most established players of the global concrete fiber market.

A. Infrastructure industry is projected to increase the demand for concrete fiber market.

A. The global concrete fiber market analysis is done on the basis of fiber type, application, and region. Depending on fiber type, the market is divided into steel fiber, synthetic fiber, glass fiber, natural fiber, and others. The applications covered in the study include infrastructure, building & construction, mining & tunnel, industrial, and others. Region-wise, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

A. The increasing construction activities in both developed and developing economies where concrete fiber is used to increase the concrete integrity of infrastructures may augment the growth of the concrete fiber market. Moreover, the increasing highway construction in countries such as China, India, and others where concrete fiber is used to prevent cracks and enhance the load bearing capacity of highways may fuel the market growth. In addition, increasing impetus to develop infrastructure has attracted several domestic and international investments in the sector.

A. Highways, bridges, and railway applications are expected to drive the adoption of concrete fiber

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