Global Concrete Fiber Market

Global Concrete Fiber Market Size, Share, Growth Analysis, By Product(Steel, Synthetic), By Application(Infrastructure, Building & Construction) - Industry Forecast 2023-2030


Report ID: SQMIG15F2060 | Region: Global | Published Date: February, 2024 | Pages: 157 | Tables: 65 | Figures: 76

Global Concrete Fiber Market Insights

Concrete Fiber Market size was valued at USD 2.19 billion in 2021 and is poised to grow from USD 2.34 billion in 2022 to USD 3.73 billion by 2030, at a CAGR of 6.9% during the forecast period (2023-2030).

The industry's expansion is anticipated to be aided by rising public investment in infrastructure building and a growing emphasis on using environmentally friendly building materials. The market for concrete fibres is anticipated to grow in demand along with the increased popularity of off-site building.

The worldwide construction sector is anticipated to grow as a result of expanding population, rapid urbanisation, and industrialization in emerging economies. As a result, demand for reinforced concrete is anticipated to increase in a number of construction applications, fuelling growth. Due to the advancing state of the economy, it is anticipated that the market would be pushed by a rise in commercial construction activity. The need for more office and storage space has arisen as a result of the expansion of commercial sectors like the food and consumer goods industries. This has had a substantial impact on the building sector and the need for paving slabs as long-lasting and attractive flooring.

The bulk of the actors in the supply chain for product manufacturers work to produce and manufacture the raw materials used to make paving slabs, which results in a highly linked supply chain for product manufacturers. A significant direct distribution network is also possessed by the majority of market participants, which facilitates the smooth flow of products and aids in the development of a larger market. Multiple players offering higher-quality goods at competitive rates with minimal product distinction have reduced switching costs for consumers, increasing their leverage in negotiations.

US Concrete Fiber Market is poised to grow at sustainable CAGR for the next forecast year.

Market snapshot - 2023-2030

Global Market Size

USD 2.19 billion

Largest Segment

Polyethylene

Fastest Growth

Polyethylene

Growth Rate

6.9% CAGR

Global Concrete Fiber Market ($ Bn)
Country Share for North America Region (%)
Global Concrete Fiber Market Size By Product ($ Bn)
Global Concrete Fiber Market Size By Product (%)

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Global Concrete Fiber Market Segmental Analysis

Global Concrete Fiber Market is segmented on the basis of product, application and region. By product, the market is segmented into steel, synthetic, polyethylene, natural, basalt. By application, market is segmented into infrastructure, building & construction, industrial. By region, the market is segmented into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.

Concrete Fiber Market Analysis by Product

Due to constraints in the production of such goods with high-stress resistance, polyethylene (PE) fiber reinforced concrete accounted for 8.43% of the market in terms of revenue in 2022. Over the projected period, however, it is anticipated that increased R&D by manufacturers to enhance product stiffness and strength will fuel demand for the product. Due to characteristics including ease of handling, light weight, resistance to corrosion, and quick dispersion, polypropylene (PP) reinforced products have shown a growing trend of replacing steel in manufacturing. Furthermore, the product's widespread popularity is a result of the fact that it helps reduce the number of fatalities among people in earthquake-prone regions.

Over the anticipated period, demand for steel fiber reinforced concrete is expected to increase due to the production of pipelines, septic tanks, and tunnel linings. The great volume usage of the product can be attributed to the fact that these fibers are also utilized for rebuilding old pavements in order to thin them out and increase impact resistance.

Concrete Fiber Market Analysis by Application

Due to qualities including managing cracks and reducing permeability in various constructions, the market for concrete fiber in the building and construction sector is anticipated to expand at a CAGR of 5.7% in terms of volume from 2022 to 2030. Growth is anticipated to be fueled by the product's high demand for use in basements, walls, floors, grade slabs, and foundations. Over the projected period, new opportunities for growth across different building activities are anticipated as a result of key manufacturers' initiatives to make lightweight macro-polymers with better chemical stability.

An increasing market share was held by transport and infrastructure in 2022, and it is anticipated that this trend will continue during the projection period due to the numerous infrastructure projects underway around the world. In the construction of roads, highways, bridges, railway stations, ports, and airports, concrete fibers are utilized as a reinforcement material. The construction and building category have a xx% market share throughout the forecast period, followed by transport & infrastructure end users. Most structures, including residential and commercial ones, are constructed using concrete fibers.

Global Concrete Fiber Market Size By Product (%), 2021 (%)

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Global Concrete Fiber Market Regional Insights

Due to the growing market in North America and the region's industrial sector, these developments are expected to occur. Over the next seven years, it is anticipated that the market for concrete reinforcing fiber in North America will experience positive growth due to a high influx of private investments in the construction sector in 2022 and an increase in building activity. The increasing use of concrete in underwater structures for infrastructural development in economies like Turkey is predicted to be the main driver of the demand for reinforced concrete in the region. Additionally, the expansion of the business is anticipated to be fueled by the construction of marine infrastructure like bridges and tunnels in developed nations.

The APAC region's growing population is predicted to lead to an increase in infrastructure projects to support the area's growing urbanization. The market for industrial infrastructure is anticipated to be driven by the expansion of industrial activity in the area, and the resulting increase in jobs is anticipated to fuel the region's residential construction market. The industry's growth has been significantly impacted by financial strain brought on by declining investment from public and private clients.

Global Concrete Fiber Market Size By Geography, 2023-2030
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  • Fastest

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Global Concrete Fiber Market Dynamics

Concrete Fiber Market Drivers

Growing focus on construction quality and durability

  • With increasing awareness about the long-term performance and durability of structures, there is a growing emphasis on incorporating concrete reinforcement solutions. Concrete fibers help reduce cracking, control shrinkage, improve impact resistance, and enhance overall durability. The demand for high-quality and long-lasting construction materials has driven the adoption of concrete fibers in various construction projects.

Advantages over traditional reinforcement methods

  • Concrete fibres offer several advantages over traditional reinforcement methods, such as steel rebar. They are easier to handle and distribute uniformly throughout the concrete matrix, eliminating the need for complex and time-consuming installation processes. Concrete fibres also provide improved resistance to corrosion, reducing maintenance costs and enhancing the lifespan of structures.

Concrete Fiber Market Restraints

Compatibility and mix design challenges

  • Concrete fibers need to be carefully incorporated into the concrete mix to ensure proper dispersion and uniform reinforcement. Achieving optimal fiber distribution and compatibility with different types of concrete mixes can be challenging. Variations in mix designs, aggregate characteristics, and fiber types can affect the performance and effectiveness of concrete fibers. Contractors and concrete suppliers need to have a thorough understanding of mix design and fiber dosage to overcome these challenges.

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Global Concrete Fiber Market Competitive Landscape

The global concrete fiber market is highly competitive, with several key players operating worldwide. These companies compete based on factors such as product offerings, innovation, quality, pricing, and distribution networks.

Concrete Fiber Market Top Player’s Company Profiles

  • CEMEX S.A.B. de C.V. (Mexico)
  • GCP Applied Technologies Inc. (United States)
  • Owens Corning (United States)
  • Propex Operating Company LLC (United States)
  • Sisecam Group (Turkey)
  • ABC Polymer Industries LLC (United States)
  • Nycon Corporation (United States)
  • Fibercon International Inc. (United States)
  • W. R. Grace & Co. (United States)
  • Forta Corporation (United States)
  • Euclid Chemical Company (United States)
  • FORTA Corporation (United States)
  • The Euclid Chemical Company (United States)
  • Elasto Plastic Concrete (EPC) (United States)
  • FORTA Corporation (United States)
  • Nycon (United States)
  • Fibercon International Inc. (United States)
  • Hunan Sunshine Steel Fiber Co., Ltd. (China)

Concrete Fiber Market Recent Developments

  • In March 2023, Sika AG announced the launch of a new line of concrete fibers for use in high-performance concrete applications. The new fibers are made from high-strength steel and are designed to improve the tensile strength, flexural strength, and impact resistance of concrete.
  • In February 2023, BASF SE announced the acquisition of Nycon, a leading provider of concrete fibers. The acquisition will allow BASF to expand its portfolio of concrete fiber products and services and to better meet the needs of its customers in the growing concrete fiber market.
  • In January 2023, Bekaert announced the launch of a new line of concrete fibers for use in sustainable concrete applications. The new fibers are made from recycled materials and are designed to reduce the environmental impact of concrete construction.

Global Concrete Fiber Key Market Trends

  • Growing importance of standardized testing and certifications : Standardized testing and certifications play a crucial role in ensuring the quality and performance of concrete fibers. There is an increasing focus on developing globally recognized testing methods and certifications for fiber-reinforced concrete. Standardization efforts help establish trust and confidence in the performance and reliability of concrete fibers, promoting their wider adoption in construction projects.

Global Concrete Fiber Market SkyQuest Analysis

SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates and Analyses the Data collected by means of Primary Exploratory Research backed by the robust Secondary Desk research.

According to our analyses, the global concrete fiber market has experienced significant growth in recent years, driven by the increasing demand for reinforced concrete in various construction applications. Concrete fibers are widely used as a reinforcement solution to improve the mechanical properties and durability of concrete structures. One of the key drivers for the market is the growing focus on construction quality and durability. With the need for long-lasting and high-performance structures, concrete fibers offer enhanced crack control, impact resistance, and durability, thereby extending the service life of concrete elements. The increasing emphasis on sustainable construction practices has also contributed to the market growth. Concrete fibers made from recycled materials or with low carbon footprints are gaining popularity as eco-friendly alternatives to traditional reinforcement methods. Governments and industry bodies worldwide are encouraging the use of sustainable construction materials, further boosting the demand for concrete fibers.

Report Metric Details
Market size value in 2021 USD 2.19 billion
Market size value in 2030 USD 3.73 billion
Growth Rate 6.9%
Base year 2021
Forecast period 2023-2030
Forecast Unit (Value) USD Billion
Segments covered
  • Product
    • Steel, Synthetic, Polyethylene, Natural, Basalt
  • Application
    • Infrastructure, Building & Construction, Industrial
Regions covered North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA)
Companies covered
  • CEMEX S.A.B. de C.V. (Mexico)
  • GCP Applied Technologies Inc. (United States)
  • Owens Corning (United States)
  • Propex Operating Company LLC (United States)
  • Sisecam Group (Turkey)
  • ABC Polymer Industries LLC (United States)
  • Nycon Corporation (United States)
  • Fibercon International Inc. (United States)
  • W. R. Grace & Co. (United States)
  • Forta Corporation (United States)
  • Euclid Chemical Company (United States)
  • FORTA Corporation (United States)
  • The Euclid Chemical Company (United States)
  • Elasto Plastic Concrete (EPC) (United States)
  • FORTA Corporation (United States)
  • Nycon (United States)
  • Fibercon International Inc. (United States)
  • Hunan Sunshine Steel Fiber Co., Ltd. (China)
Customization scope

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Table Of Content

Executive Summary

Market overview

  • Exhibit: Executive Summary – Chart on Market Overview
  • Exhibit: Executive Summary – Data Table on Market Overview
  • Exhibit: Executive Summary – Chart on Global Concrete Fiber Market Characteristics
  • Exhibit: Executive Summary – Chart on Market by Geography
  • Exhibit: Executive Summary – Chart on Market Segmentation
  • Exhibit: Executive Summary – Chart on Incremental Growth
  • Exhibit: Executive Summary – Data Table on Incremental Growth
  • Exhibit: Executive Summary – Chart on Vendor Market Positioning

Parent Market Analysis

Market overview

Market size

  • Market Dynamics
    • Exhibit: Impact analysis of DROC, 2021
      • Drivers
      • Opportunities
      • Restraints
      • Challenges
  • SWOT Analysis

KEY MARKET INSIGHTS

  • Technology Analysis
    • (Exhibit: Data Table: Name of technology and details)
  • Pricing Analysis
    • (Exhibit: Data Table: Name of technology and pricing details)
  • Supply Chain Analysis
    • (Exhibit: Detailed Supply Chain Presentation)
  • Value Chain Analysis
    • (Exhibit: Detailed Value Chain Presentation)
  • Ecosystem Of the Market
    • Exhibit: Parent Market Ecosystem Market Analysis
    • Exhibit: Market Characteristics of Parent Market
  • IP Analysis
    • (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
  • Trade Analysis
    • (Exhibit: Data Table: Import and Export data details)
  • Startup Analysis
    • (Exhibit: Data Table: Emerging startups details)
  • Raw Material Analysis
    • (Exhibit: Data Table: Mapping of key raw materials)
  • Innovation Matrix
    • (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
  • Pipeline product Analysis
    • (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
  • Macroeconomic Indicators

COVID IMPACT

  • Introduction
  • Impact On Economy—scenario Assessment
    • Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
  • Revised Market Size
    • Exhibit: Data Table on Global Concrete Fiber Market size and forecast 2021-2027 ($ million)
  • Impact Of COVID On Key Segments
    • Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
  • COVID Strategies By Company
    • Exhibit: Analysis on key strategies adopted by companies

MARKET DYNAMICS & OUTLOOK

  • Market Dynamics
    • Exhibit: Impact analysis of DROC, 2021
      • Drivers
      • Opportunities
      • Restraints
      • Challenges
  • Regulatory Landscape
    • Exhibit: Data Table on regulation from different region
  • SWOT Analysis
  • Porters Analysis
    • Competitive rivalry
      • Exhibit: Competitive rivalry Impact of key factors, 2021
    • Threat of substitute products
      • Exhibit: Threat of Substitute Products Impact of key factors, 2021
    • Bargaining power of buyers
      • Exhibit: buyers bargaining power Impact of key factors, 2021
    • Threat of new entrants
      • Exhibit: Threat of new entrants Impact of key factors, 2021
    • Bargaining power of suppliers
      • Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
  • Skyquest special insights on future disruptions
    • Political Impact
    • Economic impact
    • Social Impact
    • Technical Impact
    • Environmental Impact
    • Legal Impact

Market Size by Region

  • Chart on Market share by geography 2021-2027 (%)
  • Data Table on Market share by geography 2021-2027(%)
  • North America
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • USA
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Canada
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Europe
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • Germany
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Spain
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • France
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • UK
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of Europe
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Asia Pacific
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • China
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • India
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Japan
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • South Korea
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of Asia Pacific
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Latin America
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • Brazil
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of South America
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Middle East & Africa (MEA)
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • GCC Countries
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • South Africa
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of MEA
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)

KEY COMPANY PROFILES

  • Competitive Landscape
    • Total number of companies covered
      • Exhibit: companies covered in the report, 2021
    • Top companies market positioning
      • Exhibit: company positioning matrix, 2021
    • Top companies market Share
      • Exhibit: Pie chart analysis on company market share, 2021(%)

Methodology

For the Global Concrete Fiber Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:

1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.

2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Global Concrete Fiber Market.

3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.

4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.

Analyst Support

Customization Options

With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Global Concrete Fiber Market:

Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.

Regional Analysis: Further analysis of the Global Concrete Fiber Market for additional countries.

Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.

Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.

Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.

Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.

Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.

Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.

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FAQ's

Concrete Fiber Market size was valued at USD 2.19 billion in 2021 and is poised to grow from USD 2.34 billion in 2022 to USD 3.73 billion by 2030, at a CAGR of 6.9% during the forecast period (2023-2030).

The global concrete fiber market is highly competitive, with several key players operating worldwide. These companies compete based on factors such as product offerings, innovation, quality, pricing, and distribution networks. 'Sika AG (Switzerland)', 'Bekaert SA (Belgium)', 'CEMEX S.A.B. de C.V. (Mexico)', 'GCP Applied Technologies Inc. (United States)', 'BASF SE (Germany)', 'Owens Corning (United States)', 'Propex Operating Company LLC (United States)', 'Sisecam Group (Turkey)', 'ABC Polymer Industries LLC (United States)', 'Nycon Corporation (United States)', 'Fibercon International Inc. (United States)', 'W. R. Grace & Co. (United States)', 'Forta Corporation (United States)', 'Euclid Chemical Company (United States)', 'FORTA Corporation (United States)', 'The Euclid Chemical Company (United States)', 'Elasto Plastic Concrete (EPC) (United States)', 'FORTA Corporation (United States)', 'Nycon (United States)', 'Fibercon International Inc. (United States)', 'Hunan Sunshine Steel Fiber Co., Ltd. (China)'

With increasing awareness about the long-term performance and durability of structures, there is a growing emphasis on incorporating concrete reinforcement solutions. Concrete fibers help reduce cracking, control shrinkage, improve impact resistance, and enhance overall durability. The demand for high-quality and long-lasting construction materials has driven the adoption of concrete fibers in various construction projects.

Growing importance of standardized testing and certifications : Standardized testing and certifications play a crucial role in ensuring the quality and performance of concrete fibers. There is an increasing focus on developing globally recognized testing methods and certifications for fiber-reinforced concrete. Standardization efforts help establish trust and confidence in the performance and reliability of concrete fibers, promoting their wider adoption in construction projects.

Due to the growing market in North America and the region's industrial sector, these developments are expected to occur. Over the next seven years, it is anticipated that the market for concrete reinforcing fiber in North America will experience positive growth due to a high influx of private investments in the construction sector in 2022 and an increase in building activity. The increasing use of concrete in underwater structures for infrastructural development in economies like Turkey is predicted to be the main driver of the demand for reinforced concrete in the region. Additionally, the expansion of the business is anticipated to be fueled by the construction of marine infrastructure like bridges and tunnels in developed nations.

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Global Concrete Fiber Market

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