According to this report, the concrete fiber market was estimated at US$ 1.31 billion in 2021 and is expected to exhibit a healthy CAGR of 5.0% over the forecast period, reaching a valuation of US$ 1.8 billion by 2027.

Key Players

  • Bekaert
  • Arcelor Mittal
  • Sika AG
  • Master Builders Solutions
  • Owens Corning
  • Chryso Group
  • Euclid Chemical

Market Dynamics

The demand for concrete fiber is expected to be driven by several factors, such as-

  • Low prices of concrete fiber in comparison to other core materials. 
  • Rising construction activities, especially in developing economies.
  • Increasing urbanization and the need for infrastructure development in these regions are driving the demand for construction materials that offer better performance and longevity.
  • The shift towards sustainable and eco-friendly construction practices also drives the demand for concrete fiber.
  • The use of natural and recycled fibers in concrete not only provides better performance but also reduces the environmental impact of construction activities.

Why Stratview Research?

Reports published by Stratview Research helps the users in several ways. The user can –

  • Gain a deeper understanding of the market and the impact of Covid-19 on the market.
  • Get rigorous analysis and progressive insights into the market across the globe.
  • Assess current and future market trends, and challenges of the market.
  • Gain a comprehensive view on the growth strategies of the key players.
  • Get updates related to recent changes, M&As, new product launches and many such news related to the market, and even more.

Along with these detailed information, Stratview Research also provides customized reports.

Segment Analysis

The market is segmented into transport infrastructure, building & construction, mining & tunnel, industrial flooring, and others. Mining & tunnel is expected to remain the dominant segment in the market during the forecast period. Steel is the dominantly used fiber type in mining & tunnel applications.

Key applications for concrete fibers in mining & tunnel are tunnel lining and shafts, slope stabilization, and underground mines. Building & Construction is estimated to remain the growth propeller of the market in the coming five years. It includes all the residential and non-residential buildings and structures.

The market is segmented into steel fiber, synthetic fiber, glass fiber, and others. The synthetic fiber market is further bifurcated into macro fiber and microfiber. Steel fiber is expected to remain the dominant fiber type in the market during the forecast period, owing to its high durability, e-modulus, and tensile strength.

Steel fiber-reinforced concrete offers higher ductility and post-cracking strength, fatigue resistance, spalling, and wear & tear compared to conventional reinforced concrete. In addition, it is used for heavy-duty applications including ground slabs and precast elements for tunnels and bridges. However, Synthetic fiber is gaining faster acceptance. It controls and mitigates plastic shrinkage cracking, reduces segregation and bleeds water, increases surface durability, and reduces the risk of delaminating.

The market is classified as precast concrete, sprayed concrete, slab, and others. The slab is expected to remain the most preferred application for concrete fibers in the foreseen future. It is also anticipated that the demand for concrete fibers in this application is likely to witness the highest growth for the same period. Fiber-reinforced slabs are used in all the major end-use industries such as transport infrastructure, building & construction, mining & tunnel, and industrial flooring.

Precast concrete is likely to remain the second-largest application type of concrete fiber during the forecast period. The key advantages of precast concrete are high durability, versatility, ease of construction, and affordability. Also, it is aesthetically pleasing, reduces the overall construction time, and enhances safety at the construction site.

Europe is expected to remain the largest market for concrete fibers during the forecast period. Germany and France remain the largest markets for concrete fibers in the region, due to an expected increase in the growth of construction activities, increasing demand for concrete reinforcement products, and increased focus on developing low-carbon concrete solutions. North America and Asia-Pacific are also likely to create sizeable opportunities in the coming five years, driven by an increase in construction activities.

Customize this report –

  • Which are the factors impacting the Concrete Fiber Market?
  • How can any business develop revenue streams?
  • What should be the growth strategy and strategy to make top customers shift towards your brand?
  • Which noteworthy steps can one take to stay ahead of competitors?

Stratview Research is one of the leading providers of custom and syndicated market research reports. We also offer services like Sourcing, Market Entry Strategy, Target Screening, Voice of Market Study, and much more. In case of any requirement related to market assessment, competitive benchmarking, and others, please send your inquiry to the team.

Email at - [email protected]

Connect with the analysts at - +1-313-307-4176.