Concrete Reinforcing Fiber Market is projected to drive the demand at CAGR of 6.8% by 2030

Concrete Reinforcing Fiber Industry Overview

The global concrete reinforcing fiber market size was estimated at USD 2.19 billion in 2021 and is expected to register a CAGR of 6.8% from 2022 to 2030.

Increasing public investment in infrastructure construction coupled with a growing focus on environmentally safe products in construction is expected to help the industry growth. The rising demand for off-site construction is also expected to drive the demand for the concrete reinforcing fiber industry. The rising population coupled with rapid urbanization and industrialization in emerging economies is driven by the increase in construction spending is likely to boost the global construction industry. This, in turn, is projected to drive the demand for reinforced concrete in various construction applications, thereby driving growth.

Gather more insights about the market drivers, restrains and growth of the Global Concrete Reinforcing Fiber Market

The market is expected to be driven by an increase in commercial construction activities to account for the improving economic health. The rise in the growth of commercial sectors like food and consumer goods has called for an increase in office and storage space, which has contributed significantly to the construction industry and the need for durable and aesthetic floorings in the form of paving slabs. Product manufacturers have a highly integrated supply chain with the majority of the players engaging in the production and manufacture of raw materials used in the production of paving slabs. Most of the players in the market also have an extensive direct distribution network which helps in a smooth flow of products and helps them to create a larger product portfolio with multiple customization options, which is a key factor in purchase decisions.

The presence of multiple players with higher quality products and competitive prices with very less product differentiation has led to lower switching costs for the buyer and hence increased the bargaining power of buyers. At the same time, the rising popularity of the product due to its combined properties of strength, maintenance, and beauty has kept the threat of substitutes to the minimum.

 

Browse through Grand View Research’s Specialty Glass, Ceramic & Fiber Industry Research Reports.

• Flat Glass Market: The global flat glass market size was valued at USD 273.43 billion in 2021 and is expected to grow at a compound annual growth rate (CAGR) of 4.3% from 2022 to 2030. The rising number of solar energy installations across the globe coupled with the increasing penetration of glass architecture in residential and non-residential constructions is anticipated to drive market growth over the forecast period.
• Ceramics Market: The global ceramics market size was valued at USD 247.4 billion in 2020 and is expected to expand at a compound annual growth rate (CAGR) of 4.4% from 2021 to 2028. The usage of ceramics in manufacturing products such as tiles and sanitary ware is likely to flourish owing to steady growth in residential construction around the globe.

Concrete Reinforcing Fiber Market Segmentation

Grand View Research has segmented the global concrete reinforcing fiber market based on product, application, and region:

Concrete Reinforcing Fiber Product Outlook (Volume, Kilotons; Revenue, USD Million; 2017 – 2030)

• Polyethylene
• Polypropylene
• Steel
• Basalt
• Others

Concrete Reinforcing Fiber Application Outlook (Volume, Kilotons; Revenue, USD Million; 2017 – 2030)

• Infrastructure
• Building & Construction
• Industrial

Concrete Reinforcing Fiber Regional Outlook (Volume, Kilotons; Revenue, USD Million; 2017 – 2030)

• North America
• Europe
• Asia Pacific
• Central & South America
• Middle East & Africa (MEA)

 

Market Share Insights

• April 2022: Ultratech acquires 29% stake in UAE-based RAK Cement.

 

Key Companies profiled:

Some prominent players in the global concrete reinforcing fiber market include:

• 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

Order a free sample PDF of the Concrete Reinforcing Fiber Market Intelligence Study, published by Grand View Research.

 

About Grand View Research

Grand View Research, U.S.-based market research and consulting company, provides syndicated as well as customized research reports and consulting services. Registered in California and headquartered in San Francisco, the company comprises over 425 analysts and consultants, adding more than 1200 market research reports to its vast database each year. These reports offer in-depth analysis on 46 industries across 25 major countries worldwide. With the help of an interactive market intelligence platform, Grand View Research Helps Fortune 500 companies and renowned academic institutes understand the global and regional business environment and gauge the opportunities that lie ahead.