Concrete Reinforcing Fiber Market to Cross $6.25billion Revenue by 2030

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.

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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.

1. Executive Summary

 1.1. Global Market Outlook

 1.2. Demand Side Trends

 1.3. Supply Side Trends

 1.4. Analysis and Recommendations

2. Market Overview

 2.1. Market Coverage / Taxonomy

 2.2. Market Definition / Scope / Limitations

 2.3. Inclusions/Exclusions

3. Key Market Trends

 3.1. Key Trends Impacting the Market

 3.2. Type modifications /Innovation

4. Key Success Factors

 4.1. Strategic Developments

 4.2. Key regulations

 4.3. Type USPs /Technology

 4.4. List of Manufacturers and Providers

5. Market Background

 5.1. Macro-Economic Factors

 5.1.1. Global GDP outlook

 5.1.2. Increasing R&D Expenditure

 5.2. Forecast Factors - Relevance & Impact

 5.2.1. New Type launches

 5.2.2. Cost of Types

 5.3. Market Dynamics

 5.3.1. Drivers

 5.3.2. Restraints

 5.3.3. Opportunity Analysis

6. COVID19 Crisis Analysis

 6.1.1. Current COVID19 Statistics and Probable Future Impact

 6.1.2. Current GDP Projection and Probable Impact

 6.1.3. Current Economic Projection as Compared to 2008 Economic analysis

 6.1.4. COVID19 and Impact Analysis

 6.1.4.1. Revenue By Type

 6.1.4.2. Revenue By End-use Industry

 6.1.4.3. Revenue By Country

 6.1.5. 2021 Market Scenario

 6.1.6. Quarter by Quarter Forecast

 6.1.7. Projected Recovery Quarter

7. Global Concrete Reinforcing Fiber Market Volume (Units) Analysis 2018-2022 and Forecast, 2023-2030

 7.1. Historical Market Volume (Units) Analysis, 2018-2022

 7.2. Current and Future Market Volume (Units) Projections, 2023-2030

 7.2.1. Y-o-Y Growth Trend Analysis

8. Global Concrete Reinforcing Fiber Market - Pricing Analysis

 8.1. Regional Pricing Analysis By Type

 8.2. Pricing Break-up

 8.2.1. Manufacturer Level Pricing

 8.2.2. Distributor Level Pricing

 8.3. Global Average Pricing Analysis Benchmark

9. Global Concrete Reinforcing Fiber Market Value Analysis 2018-2022 and Forecast, 2023-2030

 9.1. Historical Market Value (US$ Mn) Analysis, 2018-2022

 9.2. Current and Future Market Value (US$ Mn) Projections, 2023-2030

 9.2.1. Y-o-Y Growth Trend Analysis

 9.2.2. Absolute $ Opportunity Analysis

10. Global Concrete Reinforcing Fiber Market Analysis 2018-2022 and Forecast 2023-2030, by Type

 10.1. Introduction / Key Findings

 10.2. Historical Market Size (US$ Mn) Analysis By Types & Services, 2018-2022

 10.3. Current and Future Market Size (US$ Mn) Analysis and Forecast By Type, 2023-2030

 10.3.1. Synthetic Fiber

 10.3.2. Steel Fiber

 10.3.3. Glass Fiber

 10.3.4. Natural Fiber

 10.3.5. Basalt Fiber

 10.4. Market Attractiveness Analysis By Type

11. Global Concrete Reinforcing Fiber Market Analysis 2018-2022 and Forecast 2023-2030, by End-use Industry

 11.1. Introduction / Key Findings

 11.2. Historical Market Size (US$ Mn) Analysis By End-use Industry , 2018-2022

 11.3. Current and Future Market Size (US$ Mn) Analysis and Forecast By End-use Industry, 2023-2030

 11.3.1. Transport Infrastructure

 11.3.2. Building & Construction

 11.3.3. Mining & Tunnel

 11.3.4. Industrial Flooring

 11.3.5. Other End-use Industries

 11.4. Market Attractiveness Analysis By End-use Industry

12. Global Concrete Reinforcing Fiber Market Analysis 2018-2022 and Forecast 2023-2030, by Region

 12.1. Introduction

 12.2. Historical Market Size (US$ Mn) Analysis By Region, 2018-2022

 12.3. Current Market Size (US$ Mn) Analysis and Forecast By Region, 2023-2030

 12.3.1. North America

 12.3.2. Latin America

 12.3.3. Europe

 12.3.4. East Asia

 12.3.5. South Asia

 12.3.6. Oceania

 12.3.7. Middle East and Africa (MEA)

 12.4. Market Attractiveness Analysis By Region

13. North America Concrete Reinforcing Fiber Market Analysis 2018-2022 and Forecast 2023-2030

 13.1. Introduction

 13.2. Historical Market Size (US$ Mn) Trend Analysis By Market Taxonomy, 2018-2022

 13.3. Market Size (US$ Mn) Forecast By Market Taxonomy, 2023-2030

 13.3.1. By Country

 13.3.1.1. U.S.

 13.3.1.2. Canada

 13.3.2. By Type

 13.3.3. By End-use Industry

 13.4. Market Attractiveness Analysis

 13.5. Key Market Participants - Intensity Mapping

 13.6. Drivers and Restraints - Impact Analysis

14. Latin America Concrete Reinforcing Fiber Market Analysis 2018-2022 and Forecast 2023-2030

 14.1. Introduction

 14.2. Historical Market Size (US$ Mn) Trend Analysis By Market Taxonomy, 2018-2022

 14.3. Market Size (US$ Mn) Forecast By Market Taxonomy, 2023-2030

 14.3.1. By Country

 14.3.1.1. Brazil

 14.3.1.2. Mexico

 14.3.1.3. Argentina

 14.3.1.4. Rest of Latin America

 14.3.2. By Type

 14.3.3. By End-use Industry

 14.4. Market Attractiveness Analysis

 14.5. Key Market Participants - Intensity Mapping

 14.6. Drivers and Restraints - Impact Analysis

15. Europe Concrete Reinforcing Fiber Market Analysis 2018-2022 and Forecast 2023-2030

 15.1. Introduction

 15.2. Historical Market Size (US$ Mn) Trend Analysis By Market Taxonomy, 2018-2022

 15.3. Market Size (US$ Mn) Forecast By Market Taxonomy, 2023-2030

 15.3.1. By Country

 15.3.1.1. Germany

 15.3.1.2. Italy

 15.3.1.3. France

 15.3.1.4. U.K.

 15.3.1.5. Spain

 15.3.1.6. Russia

 15.3.1.7. Rest of Europe

 15.3.2. By Type

 15.3.3. By End-use Industry

 15.4. Market Attractiveness Analysis

 15.5. Key Market Participants - Intensity Mapping

 15.6. Drivers and Restraints - Impact Analysis

16. South Asia Concrete Reinforcing Fiber Market Analysis 2018-2022 and Forecast 2023-2030

 16.1. Introduction

 16.2. Historical Market Size (US$ Mn) Trend Analysis By Market Taxonomy, 2018-2022

 16.3. Market Size (US$ Mn) Forecast By Market Taxonomy, 2023-2030

 16.3.1. By Country

 16.3.1.1. India

 16.3.1.2. Thailand

 16.3.1.3. Indonesia

 16.3.1.4. Malaysia

 16.3.1.5. Rest of South Asia

 16.3.2. By Type

 16.3.3. By End-use Industry

 16.4. Market Attractiveness Analysis

 16.5. Key Market Participants - Intensity Mapping

 16.6. Drivers and Restraints - Impact Analysis

17. East Asia Concrete Reinforcing Fiber Market Analysis 2018-2022 and Forecast 2023-2030

 17.1. Introduction

 17.2. Historical Market Size (US$ Mn) Trend Analysis By Market Taxonomy, 2018-2022

 17.3. Market Size (US$ Mn) Forecast By Market Taxonomy, 2023-2030

 17.3.1. By Country

 17.3.1.1. China

 17.3.1.2. Japan

 17.3.1.3. South Korea

 17.3.1.4. Rest of East Asia

 17.3.2. By Type

 17.3.3. By End-use Industry

 17.4. Market Attractiveness Analysis

 17.5. Key Market Participants - Intensity Mapping

 17.6. Drivers and Restraints - Impact Analysis

18. Oceania Concrete Reinforcing Fiber Market Analysis 2018-2022 and Forecast 2023-2030

 18.1. Introduction

 18.2. Historical Market Size (US$ Mn) Trend Analysis By Market Taxonomy, 2018-2022

 18.3. Market Size (US$ Mn) Forecast By Market Taxonomy, 2023-2030

 18.3.1. By Country

 18.3.1.1. Australia

 18.3.1.2. New Zealand

 18.3.2. By Type

 18.3.3. By End-use Industry

 18.4. Market Attractiveness Analysis

 18.5. Key Market Participants - Intensity Mapping

 18.6. Drivers and Restraints - Impact Analysis

19. Middle East and Africa Concrete Reinforcing Fiber Market Analysis 2018-2022 and Forecast 2023-2030

 19.1. Introduction

 19.2. Historical Market Size (US$ Mn) Trend Analysis By Market Taxonomy, 2018-2022

 19.3. Market Size (US$ Mn) Forecast By Market Taxonomy, 2023-2030

 19.3.1. By Country

 19.3.1.1. GCC Countries

 19.3.1.2. South Africa

 19.3.1.3. Rest of Middle East and Africa

 19.3.2. By Type

 19.3.3. By End-use Industry

 19.4. Market Attractiveness Analysis

 19.5. Drivers and Restraints - Impact Analysis

20. Key and Emerging Countries Concrete Reinforcing Fiber Market Analysis 2018-2022 and Forecast 2023-2030

 20.1. Introduction

 20.1.1. Market Value Proportion Analysis, By Key Countries

 20.1.2. Global Vs. Country Growth Comparison

 20.2. U.S. Concrete Reinforcing Fiber Market Analysis

 20.2.1. By Type

 20.2.2. By End-use Industry

 20.3. Canada Concrete Reinforcing Fiber Market Analysis

 20.3.1. By Type

 20.3.2. By End-use Industry

 20.4. Mexico Concrete Reinforcing Fiber Market Analysis

 20.4.1. By Type

 20.4.2. By End-use Industry

 20.5. Brazil Concrete Reinforcing Fiber Market Analysis

 20.5.1. By Type

 20.5.2. By End-use Industry

 20.6. U.K. Concrete Reinforcing Fiber Market Analysis

 20.6.1. By Type

 20.6.2. By End-use Industry

 20.7. Germany Concrete Reinforcing Fiber Market Analysis

 20.7.1. By Type

 20.7.2. By End-use Industry

 20.8. France Concrete Reinforcing Fiber Market Analysis

 20.8.1. By Type

 20.8.2. By End-use Industry

 20.9. Italy Concrete Reinforcing Fiber Market Analysis

 20.9.1. By Type

 20.9.2. By End-use Industry

 20.10. Spain Concrete Reinforcing Fiber Market Analysis

 20.10.1. By Type

 20.10.2. By End-use Industry

 20.11. BENELUX Concrete Reinforcing Fiber Market Analysis

 20.11.1. By Type

 20.11.2. By End-use Industry

 20.12. Russia Concrete Reinforcing Fiber Market Analysis

 20.12.1. By Type

 20.12.2. By End-use Industry

 20.13. China Concrete Reinforcing Fiber Market Analysis

 20.13.1. By Type

 20.13.2. By End-use Industry

 20.14. Japan Concrete Reinforcing Fiber Market Analysis

 20.14.1. By Type

 20.14.2. By End-use Industry

 20.15. South Korea Concrete Reinforcing Fiber Market Analysis

 20.15.1. By Type

 20.15.2. By End-use Industry

 20.16. India Concrete Reinforcing Fiber Market Analysis

 20.16.1. By Type

 20.16.2. By End-use Industry

 20.17. ASEAN Concrete Reinforcing Fiber Market Analysis

 20.17.1. By Type

 20.17.2. By End-use Industry

 20.18. Australia Concrete Reinforcing Fiber Market Analysis

 20.18.1. By Type

 20.18.2. By End-use Industry

 20.19. New Zealand Concrete Reinforcing Fiber Market Analysis

 20.19.1. By Type

 20.19.2. By End-use Industry

 20.20. GCC Countries Concrete Reinforcing Fiber Market Analysis

 20.20.1. By Type

 20.20.2. By End-use Industry

 20.21. Turkey Concrete Reinforcing Fiber Market Analysis

 20.21.1. By Type

 20.21.2. By End-use Industry

 20.22. South Africa Concrete Reinforcing Fiber Market Analysis

 20.22.1. By Type

 20.22.2. By End-use Industry

21. Market Structure Analysis

 21.1. Market Analysis by Tier of Companies

 21.2. Market Concentration

 21.3. Market Share Analysis of Top Players

 21.4. Market Presence Analysis

 21.4.1. By Regional footprint of Players

 21.4.2. Type foot print by Players

 21.4.3. Channel Foot Print by Players

22. Competition Analysis

 22.1. Competition Dashboard

 22.2. Competition Benchmarking

 22.3. Competition Deep dive

 22.3.1. Nycon Corporation

 22.3.1.1. Overview

 22.3.1.2. Type Portfolio

 22.3.1.3. Profitability by Market Segments (Type/Channel/Region)

 22.3.1.4. Sales Footprint

 22.3.1.5. Strategy Overview

 22.3.2. Owens Corning

 22.3.2.1. Overview

 22.3.2.2. Type Portfolio

 22.3.2.3. Profitability by Market Segments (Type/Channel/Region)

 22.3.2.4. Sales Footprint

 22.3.2.5. Strategy Overview

 22.3.3. FORTA Corporation

 22.3.3.1. Overview

 22.3.3.2. Type Portfolio

 22.3.3.3. Profitability by Market Segments (Type/Channel/Region)

 22.3.3.4. Sales Footprint

 22.3.3.5. Strategy Overview

 22.3.4. The Euclid Chemical Company

 22.3.4.1. Overview

 22.3.4.2. Type Portfolio

 22.3.4.3. Profitability by Market Segments (Type/Channel/Region)

 22.3.4.4. Sales Footprint

 22.3.4.5. Strategy Overview

 22.3.5. BASF SE

 22.3.5.1. Overview

 22.3.5.2. Type Portfolio

 22.3.5.3. Profitability by Market Segments (Type/Channel/Region)

 22.3.5.4. Sales Footprint

 22.3.5.5. Strategy Overview

 22.3.6. Bekaert

 22.3.6.1. Overview

 22.3.6.2. Type Portfolio

 22.3.6.3. Profitability by Market Segments (Type/Channel/Region)

 22.3.6.4. Sales Footprint

 22.3.6.5. Strategy Overview

 22.3.7. CEMEX

 22.3.7.1. Overview

 22.3.7.2. Type Portfolio

 22.3.7.3. Profitability by Market Segments (Type/Channel/Region)

 22.3.7.4. Sales Footprint

 22.3.7.5. Strategy Overview

23. Assumptions and Acronyms Used
24. Research Methodology

Research Methodology