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Global Concrete Reinforcing Fiber Market to reach USD 3.96 billion by the end of 2030

Global Concrete Reinforcing Fiber Market Size Study & Forecast, by Product (Polyethylene, Polypropylene, Steel, Basalt, Others), by Application (Infrastructure, Building & Construction, Industrial), and Regional Analysis, 2023-2030

Product Code: CMAM-99096915
Publish Date: 20-02-2024
Page: 200

Global Concrete Reinforcing Fiber Market is valued at approximately USD 2.34 billion in 2022 and is anticipated to grow with a healthy growth rate of more than 6.8% during the forecast period 2023-2030. Concrete reinforcing fibers are materials added to concrete mixes to enhance their structural properties. These fibers, made from materials such as steel, glass, synthetics, or natural sources, improve tensile strength and durability. Steel fibers enhance tensile strength, glass fibers resist corrosion, synthetic fibers control cracking, and natural fibers offer environmental benefits. The addition of these fibers results in concrete with increased strength, durability, and resistance to cracking, making it suitable for diverse construction applications. The Concrete Reinforcing Fiber Market is expanding because of factors such as the upsurge in demand for non-corrosive materials, increasing requirements for high-performance concrete, rising public investment in infrastructure construction and stringent regulatory emphasis on construction standards. The surge in population, rapid urbanization, and industrialization in emerging economies, fueled by increased construction spending, are significant contributors to the expanding global construction industry, which is accelerating market growth across the globe.

In addition, the rapid growth of the construction industry is acting as a catalyzing factor for the demand for concrete reinforcing fiber at a substantial rate. The global construction industry is anticipated to experience consistent revenue growth, in 2020, the Construction Market reached a size of USD 6.4 trillion, with an anticipated increase to USD 14.4 trillion by the year 2030. The overall growth of the construction industry, including residential, commercial, and industrial sectors, positively impacts the demand for concrete reinforcing fibers. Thus, these aforementioned factors are propelling the growth of the Concrete Reinforcing Fiber Market over the estimated period. Moreover, the growth of the Off-site construction industry, as well as the rising emphasis on sustainable and eco-friendly construction practices present various lucrative opportunities over the forecast years. However, the volatile prices of raw materials and the improper distribution of reinforced concrete and concrete wastage are challenging the market growth throughout the forecast period of 2023-2030.

The key regions considered for the Global Concrete Reinforcing Fiber Market study include Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. North America dominated the market in 2022 owing to the rising number of construction activities, increasing utilization of concrete in underwater structures for infrastructure projects, and rapid increase in transportation sectors. Whereas, Asia Pacific is expected to grow at the highest CAGR over the forecast years. The rise in infrastructure development, the growing trend of urbanization, and the increase in industrial activities are significantly propelling the market demand across the region.

Major market players included in this report are:
CEMEX S.A.B. de C.V.
Sika AG
ABC Polymer Industries, LLC
Nycon Corporation
Ultratech Cement Ltd.
Owens Corning
FORTA Corporation
The Euclid Chemical Company

Recent Developments in the Market:
Ø In September 2020, GCP Applied Technologies Inc. introduced Version 2.0 of its mobile app solution designed for STRUX 90/40 macro synthetic fibers, catering to various concrete applications.

Global Concrete Reinforcing Fiber Market Report Scope:
ü Historical Data – 2020 – 2021
ü Base Year for Estimation – 2022
ü Forecast period – 2023-2030
ü Report Coverage – Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
ü Segments Covered – Product, Application, Region
ü Regional Scope – North America; Europe; Asia Pacific; Latin America; Middle East & Africa
ü 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 product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Product:

By Application:
Building & Construction

By Region:

North America


Asia Pacific
South Korea

Latin America

Middle East & Africa
Saudi Arabia
South Africa
Rest of Middle East & Africa

Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2020-2030 (USD Billion)
1.2.1. Concrete Reinforcing Fiber Market, by Region, 2020-2030 (USD Billion)
1.2.2. Concrete Reinforcing Fiber Market, by Product, 2020-2030 (USD Billion)
1.2.3. Concrete Reinforcing Fiber Market, by Application, 2020-2030 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global Concrete Reinforcing Fiber Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Industry Evolution
2.2.2. Scope of the Study
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global Concrete Reinforcing Fiber Market Dynamics
3.1. Concrete Reinforcing Fiber Market Impact Analysis (2020-2030)
3.1.1. Market Drivers Upsurge in demand for non-corrosive materials Rising requirements for high-performance concrete
3.1.2. Market Challenges Volatile prices of raw material Improper distribution of reinforced concrete and concrete wastage
3.1.3. Market Opportunities Growth of the Off-site construction industry Rising emphasis on sustainable and eco-friendly construction practices
Chapter 4. Global Concrete Reinforcing 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. Porter’s 5 Force Impact Analysis
4.3. PEST Analysis
4.3.1. Political
4.3.2. Economical
4.3.3. Social
4.3.4. Technological
4.3.5. Environmental
4.3.6. Legal
4.4. Top investment opportunity
4.5. Top winning strategies
4.6. COVID-19 Impact Analysis
4.7. Disruptive Trends
4.8. Industry Expert Perspective
4.9. Analyst Recommendation & Conclusion
Chapter 5. Global Concrete Reinforcing Fiber Market, by Product
5.1. Market Snapshot
5.2. Global Concrete Reinforcing Fiber Market by Product, Performance – Potential Analysis
5.3. Global Concrete Reinforcing Fiber Market Estimates & Forecasts by Product 2020-2030 (USD Billion)
5.4. Concrete Reinforcing Fiber Market, Sub Segment Analysis
5.4.1. Polyethylene
5.4.2. Polypropylene
5.4.3. Steel
5.4.4. Basalt
5.4.5. Others
Chapter 6. Global Concrete Reinforcing Fiber Market, by Application
6.1. Market Snapshot
6.2. Global Concrete Reinforcing Fiber Market by Application, Performance – Potential Analysis
6.3. Global Concrete Reinforcing Fiber Market Estimates & Forecasts by Application 2020-2030 (USD Billion)
6.4. Concrete Reinforcing Fiber Market, Sub Segment Analysis
6.4.1. Infrastructure
6.4.2. Building & Construction
6.4.3. Industrial
Chapter 7. Global Concrete Reinforcing Fiber Market, Regional Analysis
7.1. Top Leading Countries
7.2. Top Emerging Countries
7.3. Concrete Reinforcing Fiber Market, Regional Market Snapshot
7.4. North America Concrete Reinforcing Fiber Market
7.4.1. U.S. Concrete Reinforcing Fiber Market Product breakdown estimates & forecasts, 2020-2030 Application breakdown estimates & forecasts, 2020-2030
7.4.2. Canada Concrete Reinforcing Fiber Market
7.5. Europe Concrete Reinforcing Fiber Market Snapshot
7.5.1. U.K. Concrete Reinforcing Fiber Market
7.5.2. Germany Concrete Reinforcing Fiber Market
7.5.3. France Concrete Reinforcing Fiber Market
7.5.4. Spain Concrete Reinforcing Fiber Market
7.5.5. Italy Concrete Reinforcing Fiber Market
7.5.6. Rest of Europe Concrete Reinforcing Fiber Market
7.6. Asia-Pacific Concrete Reinforcing Fiber Market Snapshot
7.6.1. China Concrete Reinforcing Fiber Market
7.6.2. India Concrete Reinforcing Fiber Market
7.6.3. Japan Concrete Reinforcing Fiber Market
7.6.4. Australia Concrete Reinforcing Fiber Market
7.6.5. South Korea Concrete Reinforcing Fiber Market
7.6.6. Rest of Asia Pacific Concrete Reinforcing Fiber Market
7.7. Latin America Concrete Reinforcing Fiber Market Snapshot
7.7.1. Brazil Concrete Reinforcing Fiber Market
7.7.2. Mexico Concrete Reinforcing Fiber Market
7.8. Middle East & Africa Concrete Reinforcing Fiber Market
7.8.1. Saudi Arabia Concrete Reinforcing Fiber Market
7.8.2. South Africa Concrete Reinforcing Fiber Market
7.8.3. Rest of Middle East & Africa Concrete Reinforcing Fiber Market

Chapter 8. Competitive Intelligence
8.1. Key Company SWOT Analysis
8.1.1. Company 1
8.1.2. Company 2
8.1.3. Company 3
8.2. Top Market Strategies
8.3. Company Profiles
8.3.1. BASF SE Key Information Overview Financial (Subject to Data Availability) Product Summary Recent Developments
8.3.2. Bekaert
8.3.3. CEMEX S.A.B. de C.V.
8.3.4. Sika AG
8.3.5. ABC Polymer Industries, LLC
8.3.6. Nycon Corporation
8.3.7. Ultratech Cement Ltd.
8.3.8. Owens Corning
8.3.9. FORTA Corporation
8.3.10. The Euclid Chemical Company
Chapter 9. Research Process
9.1. Research Process
9.1.1. Data Mining
9.1.2. Analysis
9.1.3. Market Estimation
9.1.4. Validation
9.1.5. Publishing
9.2. Research Attributes
9.3. Research Assumption

At Bizwit Research and Consultancy, we employ a thorough and iterative research methodology with the goal of minimizing discrepancies, ensuring the provision of highly accurate estimates and predictions over the forecast period. Our approach involves a combination of bottom-up and top-down strategies to effectively segment and estimate quantitative aspects of the market, utilizing our proprietary data & AI tools. Our Proprietary Tools allow us for the creation of customized models specific to the research objectives. This enables us to develop tailored statistical models and forecasting algorithms to estimate market trends, future growth, or consumer behavior. The customization enhances the accuracy and relevance of the research findings.
We are dedicated to clearly communicating the purpose and objectives of each research project in the final deliverables. Our process begins by identifying the specific problem or challenge our client wishes to address, and from there, we establish precise research questions that need to be answered. To gain a comprehensive understanding of the subject matter and identify the most relevant trends and best practices, we conduct an extensive review of existing literature, industry reports, case studies, and pertinent academic research.
Critical elements of methodology employed for all our studies include:
Data Collection:
To determine the appropriate methods of data collection based on the research objectives, we consider both primary and secondary sources. Primary data collection involves gathering information directly from various industry experts in core and related fields, original equipment manufacturers (OEMs), vendors, suppliers, technology developers, alliances, and organizations. These sources encompass all segments of the value chain within the specific industry. Through in-depth interviews, we engage with key industry participants, subject-matter experts, C-level executives of major market players, industry consultants, and other relevant experts. This allows us to obtain and validate critical qualitative and quantitative information while evaluating market prospects. AI and Big Data are instrumental in our primary research, providing us with powerful tools to collect, analyze, and derive insights from data efficiently. These technologies contribute to the advancement of research methodologies, enabling us to make data-driven decisions and uncover valuable findings.
In addition to primary sources, we extensively utilize secondary sources to enhance our research. These include directories, databases, journals focusing on related industries, company newsletters, and information portals such as Bloomberg, D&B Hoovers, and Factiva. These secondary sources enable us to identify and gather valuable information for our comprehensive, technical, market-oriented, and commercial study of the market. Additionally, we utilize AI algorithms to automate the collection of vast amounts of data from various sources such as surveys, social media platforms, online transactions, and web scraping. And employ Big Data technologies for storage and processing of large datasets, ensuring that no valuable information is missed during the data collection process.
Data Analysis:
Our team of experts carefully examine the gathered data using suitable statistical techniques and qualitative analysis methods. For quantitative analysis, we employ descriptive statistics, regression analysis, and other advanced statistical methods, depending on the characteristics of the data. This analysis may also incorporate the utilization of AI tools and big data analysis techniques to extract meaningful insights.
To ensure the accuracy and reliability of our findings, we extensively leverage data science techniques, which help us minimize discrepancies and uncertainties in our analysis. We employ Data Science to clean and preprocess the data, ensuring its quality and reliability. This involves handling missing data, removing outliers, standardizing variables, and transforming data into suitable formats for analysis. The application of data science techniques enhances our accuracy, efficiency, and depth of analysis, enabling us to stay competitive in dynamic market environments.
Market Size Estimation:
Our proprietary data tools play a crucial role in deriving our market estimates and forecasts. Each study involves the creation of a unique and customized model. The model incorporates the gathered information on market dynamics, technology landscape, application development, and pricing trends. AI techniques, such as machine learning and deep learning, aid us to analyze patterns within the data to identify correlations, trends, and relationships. By recognizing patterns in consumer behavior, purchasing habits, or market dynamics, our AI algorithms aid us in more precise estimations of market size. These factors are simultaneously analyzed within the model, allowing for a comprehensive assessment. To quantify their impact over the forecast period, correlation, regression, and time series analysis are employed.
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.
Insight Generation & Report Presentation:
After conducting the research, our experts analyze the findings in relation to the research objectives and the specific needs of the client. They generate valuable insights and recommendations that directly address the client’s business challenges. These insights are carefully connected to the research findings to provide a comprehensive understanding.
Next, we create a well-structured research report that effectively communicates the research findings, insights, and recommendations to the client. To enhance clarity and comprehension, we utilize visual aids such as charts, graphs, and tables. These visual elements are employed to present the data in an engaging and easily understandable format, ensuring that the information is accessible and visually appealing to the client. Our aim is to deliver a clear and concise report that conveys the research findings effectively and provides actionable recommendations to meet the client’s specific needs.

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