Concrete Reinforcing Fiber Market to Cross $6.25billion Revenue by 2030
Concrete Reinforcing Fiber Market Research Analysis Report By Type (Synthetic Fiber, Steel Fiber, Glass Fiber, Natural Fiber, Basalt Fiber), By End-use Industry (Transport Infrastructure, Building & Construction, Mining & Tunneling, Industrial Flooring) & Region - Trends, Dynamics, Forecast 2023 to 2030
Categories: Chemical & Material
Format : 
Concrete Reinforcing Fiber Market Overview
“The global Concrete Reinforcing Fiber Market is expected to grow rapidly at a 7.45% CAGR consequently, it will grow from its existing size of from $3.20 billion in 2023 to $6.25 billion by 2030.”
What is fiber-reinforced concrete?
Fiber-reinforced concrete is a mix of cement, mortar, and short fibers, including synthetic or natural fibers and glass fibers, that are uniformly distributed throughout the composite material.
Fibers in concrete enhance energy absorption and structural integrity, but they don't replace stainless steel-reinforced concrete as they don't improve flexural strength, preventing concrete from bending without breaking.
Types of Fiber Reinforced Concrete
Steel Fiber Reinforced Concrete
Steel fiber reinforced concrete is a common type of FRC, with even small amounts of reinforcing steel fibers significantly improving the concrete's properties.
Steel fiber reinforced concrete is commonly used in heavy-duty concrete applications like bridges, floors, tunnels, mining, and precasts.
PFRC (Polypropylene Fiber Reinforced Concrete)
Polypropylene, a material similar to polythene, offers superior toughness, flexural strength, and heat resistance.
This fiber is highly resistant to acids and organic solvents, and it shares similar properties with concrete.
Glass Fiber Reinforced Concrete (GFRC)
Glass Fiber Reinforced Concrete (GFRC) is a type of reinforced concrete with microscopic glass particles, which are used to strengthen the concrete.
Glass fiber, despite being fragile, offers exceptional structural strength and is a cost-effective ingredient in concrete mix, making it less expensive than steel fiber reinforced concrete alternatives.
What are the benefits of using fiber-reinforced concrete?
Fiber-reinforced concrete offers several advantages over conventional concrete or steel rebar in construction projects.
Fibers in concrete prevent early cracking by minimizing shrinkage cracking due to moisture content variations and water evaporated water, significantly reducing early cracking.
Fiber addition enhances concrete's durability, reduces corrosion, cavitation damage, and enhances tensile strength compared to unreinforced concrete.
Fiber-reinforced concrete, when combined with microfibers, offers increased ductility, making it less susceptible to high tensile stress and enhancing the weight a structure can support.
Fibers can be used as a non-rebar alternative to steel rebar or added to steel-reinforced concrete, reducing the required steel and potentially lowering project costs.
Demand Outlook
Benefits of increasing urbanization and improving construction methods to boost market growth
Concrete reinforcing fiber is a fibrous substance used to enhance concrete's mechanical strength, reduce cracks caused by plastic shrinkage and moisture loss during hardening, and offer high stability, structural endurance, and temperature resistance compared to non-fiber reinforced concrete.
Urbanization and improved construction technology are driving increased demand for concrete reinforcing fiber, with macroeconomic factors like infrastructure development positively influencing consumption, especially in emerging countries.
Carbon fibers significantly reduce construction project time, and with increasing investments in infrastructure development, asphalt concrete demand is on the rise, leading to the growth of polyethylene fiber reinforced concrete.
>>> Download Sample Report Now: https://marketreportservice.com/request-sample/concrete-reinforcing-fiber-market-54558
Market Dynamics
Growth Drivers
The preference for sustainable solutions is on the rise due to environmental regulations.
Environmental regulations are influencing the demand for concrete reinforcing fiber, as end-use industries shift to fiber-based solutions due to their environmental friendliness and high strength and durability properties, making it an ideal choice for sustainable production in various industries.
Environmental concerns are expected to boost future sales of concrete reinforcing fibers, prompting manufacturers to increase capacity expansion to meet market demand.
Challenges
Fluctuating prices of raw materials and the existence of various alternatives.
Polypropylene and polyester are used in concrete reinforcing fiber for building purposes, with prices rising due to unpredictable crude oil prices.
The demand for reinforced concrete is significantly impacted by price volatility in raw materials and the availability of substitutes.
Concrete Reinforcing Fiber Market Segment Analysis
Which type of concrete reinforcing fiber generates the most revenue?
“The utilization of steel fiber in concrete is increasing due to its low cost”
Synthetic fiber, a cost-effective and user-friendly option, accounts for 26.9% of the global concrete reinforcing fiber market due to its affordability and ease of use. Other types include steel, glass, natural, and basalt fibers.
Synthetic fibers, made from polymer-based polymers like nylon, polyester, polyethylene, and polypropylene, are man-made materials that can withstand the alkaline state of concrete for extended periods, preventing cracks and ensuring the durability of concrete structures.
Which end-use industry is most likely to drive demand for concrete reinforcing fiber?
“Widespread use of concrete reinforcement fiber in the development of transport infrastructure”
Concrete reinforcing fibers are utilized in various sectors, with transportation accounting for 29% of the market, including building, construction, mining, and industrial flooring.
Concrete reinforcing fiber is utilized in the transportation sector due to its durability, impact resistance, and mechanical strength, and its increasing infrastructure investment is driving its demand.
The global transportation infrastructure development is expected to be significantly bolstered by increased government initiatives and policies.
Impact of COVID-19 on Concrete Reinforcing Fiber Sales
The COVID-19 pandemic severely impacted the concrete fiber market, causing delays in construction projects and reduced purchasing power of suppliers. This led to supply chain disruptions, shutdowns, and job cancellations, causing significant disruptions and disruptions in the construction sector.
Concrete reinforcing fiber makers are collaborating with alternative suppliers to maintain secure supply chains and develop balanced relationships with distributors and ecosystem partners, which are expected to aid in the recovery of the concrete fiber business in the future.
Competitive Landscape of the Concrete Reinforcing Fiber Market
- Nycon Corporation
- Owens Corning
- FORTA Corporation
- The Euclid Chemical Company
- BASF SE
- Ultratech Concrete
- CEMEX S.A.B. de C.V.
- SIKA AG
- ABC Polymer Industries, LLC
- Euclid Chemical Company
Recent Developments in Concrete Reinforcing Fiber Market
November 04, 2022, IIT Hyderabad scientists develop affordable Ultra-High Performance Fiber Reinforced Concrete
In 2020, GCP Applied Technologies Inc. released Version 2.0 of the STRUX 90/40 macro synthetic fibers mobile app solution, which can be used in a variety of concrete applications.
In August 2021, the MBCC Group agreed to purchase Fabpro Polymers, a leading creator and manufacturer of synthetic fibers for reinforced concrete and other uses in North America. The MBCC Group has agreed to purchase Fabpro Polymers, a leading creator and manufacturer of synthetic fibers for reinforced concrete and other uses in North America.
In August 2019, Master Builders Solutions launched a new MasterFiber website. MasterFiber portfolio is a lightweight and durable concrete reinforcement portfolio for sustainable construction.
In November 2018, Sika purchased Propex Holding, LLC's global Concrete Fibers business, which comprises a U.S. plant that manufactures synthetic fibers for use in concrete reinforcement, sales operations across Sika's three geographic zones, and a strong brand. Sika's concrete systems for high-value-added solutions required in the construction of high-rise structures and challenging infrastructure projects will benefit greatly from the acquisition.
BASF and Smart Engineering renew their collaboration in the field of fiber-reinforced concrete
- The Spanish subsidiary of the company BASF Construction Chemical (Master Builders Construction Chemicals Group – MBCC) and Smart Engineering have renewed this collaboration agreement that they have maintained since 2013, to collaborate jointly in the field of plastic fiber reinforced concrete this past May.
Regional Insights
“The increase in construction projects is reportedly driving market revenue in North America”
North America dominates the global market for concrete reinforcing fiber, accounting for 33.3% due to the increasing number of construction projects and marine constructions like tunnels and bridges.
North America's rising GDP is expected to significantly boost the industrial sector, leading to a surge in demand for concrete reinforcing fiber.
The Chinese market for concrete reinforcing fiber is projected to grow at an 8.6% CAGR due to factors such as population growth, urbanization, and household expansion.
China's concrete reinforcing fiber industry is expected to grow due to government investment in affordable housing for low-income families and continued focus on residential building construction.
The growth of the concrete reinforcing fiber market in China is expected to be accelerated by increased infrastructure spending on non-residential projects, which will remain higher than residential spending.
Segments Covered in the Concrete Reinforcing Fiber Market
Concrete Reinforcing Fiber Market by Type
- Synthetic Fiber
- Steel Fiber
- Glass Fiber
- Natural Fiber
- Basalt Fiber
Concrete Reinforcing Fiber Market by End-use Industry
- Transport Infrastructure
- Building & Construction
- Mining & Tunneling
- Industrial Flooring
- Other End-use Industries
Concrete Reinforcing Fiber Market by Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
Frequently Asked Questions:
Which latest trends are driving demand for concrete reinforcing fiber?
Flourishing residential construction sector and increasing transport infrastructure projects are driving market growth.
Which end use of concrete reinforcing fiber drives highest sales?
Transport infrastructure accounts for 29.4% share of the global concrete reinforcing fiber market.
Which are the top 5 countries driving most demand for concrete reinforcing fiber?
he U.S., Germany, Mexico, China, and Japan account for the highest demand for concrete reinforcing fiber.
Who are the prominent suppliers of concrete reinforcing fiber?
Nycon Corporation, Owens Corning, FORTA Corporation, The Euclid Chemical Company, and BASF SE are key manufacturers of concrete reinforcing fiber.
Base Year:
Historical Data:2018-2022
No of Pages:123
Select Licence Type
Single User
Multi User
Corporate User
Only one user can access the report. It cannot be printed or shared. Delivery in online PDF.
US $ 2499
Multiple users can access the report. It cannot be printed or shared. Delivery in online PDF.
US $ 3499
The entire organization can use the report. It can be printed and shared. Delivery in PDF and Excel. Free update of the report after 1 year.
US $ 4499
Need a Discount? Get in touch with us for special pricing
Connect with our sales team
Email: [email protected]