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Global Concrete Fiber Market to reach USD 4.01 billion by the end of 2029.

Global Concrete Fiber Market Size study & Forecast, by Fiber Type (Steel Fiber, Synthetic Fiber, Glass Fiber, Natural Fiber and Others), by Application (Infrastructure, Building and Construction, Mining and Tunnel, Industrial and Others), and Regional Analysis, 2022-2029

Product Code: CMAM-38938441
Publish Date: 17-04-2023
Page: 200

Global Concrete Fiber Market is valued at approximately USD 2.2 billion in 2021 and is anticipated to grow with a healthy growth rate of more than 7.80% over the forecast period 2022-2029. A composite material called concrete fibre is created from steel, glass, synthetic, and natural fibres. The shear capacity of reinforced concrete beams is increased, and the fatigue strength is increased, by using this form of concrete. The Concrete Fiber market is expanding because of factors such as escalating demand from building & construction sector, rise in use of reinforced concrete in industrial applications and expansion of railway networks.

According to statista, in year 2019 Construction industry spending worldwide stood at USD 12 trillion which increased to USD 12.9 trillion in year 2021 and it is projected to reach USD 19.2 trillion by year 2035. Thus, rising spending in construction industry is favoring market growth. In addition, synthetic fiber-reinforced concrete is creating lucrative growth opportunities in the market. However, high costs of fiber-reinforced concrete as well as factors such as improper distribution of reinforced concrete and concrete wastage stifle market growth throughout the forecast period of 2022-2029.

The key regions considered for the Global Concrete Fiber Market study include Asia Pacific, North America, Europe, Latin America, and Rest of the World. Asia Pacific dominated the market in terms of revenue, owing to the expanding building and construction industry. Construction of motorways, connecting roads, bridges, high-speed railway tracks, inland waterways constructions, and other projects where concrete fibre is utilised to offer structural integrity and decrease cracking due to plastic shrinkage is booming in countries like China, India, and Australia.. Whereas North America is expected to grow with the highest CAGR during the forecast period, owing to factors such as rising mining activities and rising technological advancement in the region.

Major market players included in this report are:
Sika AG
Euclid Chemical Company
Cemex S.A.B. De C.V.
Ozinga Bros., Inc.
Forta Concrete Fiber
Abc Polymer Industries
Barchip Pty Ltd.

Recent Developments in the Market:
Ø In August 2021, Owens Corning announced the launch of Pink Next Gen Fiberglas insulation. An intricate web of delicate, soft fibres is woven together using PINK Next Gen Fiberglas’ cutting-edge fibre technology to create a super-resilient blanket filled with insulating micro-pockets. The new solution, which makes use of a number of cutting-edge technological advancements, is secure for both residents and installers. Installing it takes less time than doing it with spray foam insulation and similar alternatives.
Ø In November 2018, Sika Group announced the acquisition of Propex Holding, LLC. The newly acquired company is the perfect addition to Sika’s concrete systems for high value-added solutions needed in the construction of tall buildings and difficult infrastructure projects.

Global Concrete Fiber Market Report Scope:
Historical Data 2019-2020-2021
Base Year for Estimation 2021
Forecast period 2022-2029
Report Coverage Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
Segments Covered Fiber Type, Application, Region
Regional Scope North America; Europe; Asia Pacific; Latin America; Rest of the World
Customization Scope Free report customization (equivalent up to 8 analyst’s working hours) with purchase. Addition or alteration to country, regional & segment scope*

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and Fiber Typeofferings of key players. The detailed segments and sub-segment of the market are explained below:

By Fiber Type:
Steel Fiber
Synthetic Fiber
Glass Fiber
Natural Fiber

By Application:
Building and Construction
Mining and Tunnel

By Region:
North America
Asia Pacific
South Korea
Latin America
Rest of the World

Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2019-2029 (USD Billion)
1.2.1. Concrete Fiber Market, by Region, 2019-2029 (USD Billion)
1.2.2. Concrete Fiber Market, by Fiber Type, 2019-2029 (USD Billion)
1.2.3. Concrete Fiber Market, by Application, 2019-2029 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global Concrete Fiber Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Scope of the Study
2.2.2. Industry Evolution
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global Concrete Fiber Market Dynamics
3.1. Concrete Fiber Market Impact Analysis (2019-2029)
3.1.1. Market Drivers Escalating demand from building & construction sector Rise in the use of reinforced concrete in industrial application Expansion of railway networks
3.1.2. Market Challenges High costs of fiber-reinforced concrete Improper distribution of reinforced concrete and concrete wastage
3.1.3. Market Opportunities Synthetic fiber-reinforced concrete to open new opportunities
Chapter 4. Global Concrete Fiber Market Industry Analysis
4.1. Porter’s 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.2. Futuristic Approach to Porter’s 5 Force Model (2019-2029)
4.3. PEST Analysis
4.3.1. Political
4.3.2. Economical
4.3.3. Social
4.3.4. Technological
4.4. Top investment opportunity
4.5. Top winning strategies
4.6. Industry Experts Prospective
4.7. Analyst Recommendation & Conclusion
Chapter 5. Risk Assessment: COVID-19 Impact
5.1. Assessment of the overall impact of COVID-19 on the industry
5.2. Pre COVID-19 and post COVID-19 Market scenario
Chapter 6. Global Concrete Fiber Market, by Fiber Type
6.1. Market Snapshot
6.2. Global Concrete Fiber Market by Fiber Type, Performance – Potential Analysis
6.3. Global Concrete Fiber Market Estimates & Forecasts by Fiber Type 2019-2029 (USD Billion)
6.4. Concrete Fiber Market, Sub Segment Analysis
6.4.1. Steel Fiber
6.4.2. Synthetic Fiber
6.4.3. Glass Fiber
6.4.4. Natural Fiber
6.4.5. Others
Chapter 7. Global Concrete Fiber Market, by Application
7.1. Market Snapshot
7.2. Global Concrete Fiber Market by Application, Performance – Potential Analysis
7.3. Global Concrete Fiber Market Estimates & Forecasts by Application 2019-2029 (USD Billion)
7.4. Concrete Fiber Market, Sub Segment Analysis
7.4.1. Infrastructure
7.4.2. Building and Construction
7.4.3. Mining and Tunnel
7.4.4. Industrial
7.4.5. Others
Chapter 8. Global Concrete Fiber Market, Regional Analysis
8.1. Concrete Fiber Market, Regional Market Snapshot
8.2. North America Concrete Fiber Market
8.2.1. U.S. Concrete Fiber Market Fiber Type breakdown estimates & forecasts, 2019-2029 Application breakdown estimates & forecasts, 2019-2029
8.2.2. Canada Concrete Fiber Market
8.3. Europe Concrete Fiber Market Snapshot
8.3.1. U.K. Concrete Fiber Market
8.3.2. Germany Concrete Fiber Market
8.3.3. France Concrete Fiber Market
8.3.4. Spain Concrete Fiber Market
8.3.5. Italy Concrete Fiber Market
8.3.6. Rest of Europe Concrete Fiber Market
8.4. Asia-Pacific Concrete Fiber Market Snapshot
8.4.1. China Concrete Fiber Market
8.4.2. India Concrete Fiber Market
8.4.3. Japan Concrete Fiber Market
8.4.4. Australia Concrete Fiber Market
8.4.5. South Korea Concrete Fiber Market
8.4.6. Rest of Asia Pacific Concrete Fiber Market
8.5. Latin America Concrete Fiber Market Snapshot
8.5.1. Brazil Concrete Fiber Market
8.5.2. Mexico Concrete Fiber Market
8.5.3. Rest of Latin America Concrete Fiber Market
8.6. Rest of The World Concrete Fiber Market

Chapter 9. Competitive Intelligence
9.1. Top Market Strategies
9.2. Company Profiles
9.2.1. Sika AG Key Information Overview Financial (Subject to Data Availability) Product Summary Recent Developments
9.2.2. Euclid Chemical Company
9.2.3. Cemex S.A.B. De C.V.
9.2.4. Ozinga Bros., Inc.
9.2.5. Forta Concrete Fiber
9.2.6. Heidelbergcement
9.2.7. Abc Polymer Industries
9.2.8. Tuf-Bar
9.2.9. Barchip Pty Ltd.
9.2.10. Arcelormittal
Chapter 10. Research Process
10.1. Research Process
10.1.1. Data Mining
10.1.2. Analysis
10.1.3. Market Estimation
10.1.4. Validation
10.1.5. Publishing
10.2. Research Attributes
10.3. Research Assumption

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Data Collection:
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Market Size Estimation:
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To estimate and validate the market size, we employ both top-down and bottom-up approaches. The preference is given to a bottom-up approach, where key regional markets are analyzed as separate entities. This data is then integrated to obtain global estimates. This approach is crucial as it provides a deep understanding of the industry and helps minimize errors.
In our forecasting process, we consider various parameters such as economic tools, technological analysis, industry experience, and domain expertise. By taking all these factors into account, we strive to produce accurate and reliable market forecasts. When forecasting, we take into consideration several parameters, which include:
Market driving trends and favorable economic conditions
Restraints and challenges that are expected to be encountered during the forecast period.
Anticipated opportunities for growth and development
Technological advancements and projected developments in the market
Consumer spending trends and dynamics
Shifts in consumer preferences and behaviors.
The current state of raw materials and trends in supply versus pricing
Regulatory landscape and expected changes or developments.
The existing capacity in the market and any expected additions or expansions up to the end of the forecast period.
To assess the market impact of these parameters, we assign weights to each one and utilize weighted average analysis. This process allows us to quantify their influence on the market and derive an expected growth rate for the forecasted period. By considering these various factors and applying a weighted analysis approach, we strive to provide accurate and reliable market forecasts.
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