Concrete Fiber Market
Concrete Fiber Market Size, Share & Trends Analysis Report by Product Type (Steel Fiber, Synthetic Fiber, Glass Fiber, Natural Fibers, Basalt fibers), by Application (Pavement, Shotcrete, Precast, Slabs on Grade, Composite Metal Decks and Others), and by End-use (Residential Infrastructure, Industrial & Commercial Infrastructure, Roads & Bridges and Others (Agriculture, Waterways)) Forecast Period (2024-2031)
Concrete fiber market is anticipated to grow at a considerable CAGR of 9.4% during the forecast period (2024-2031). Concrete fiber is made with fibrous components to improve its strength and structural integrity as well as to prevent cracks from drying shrinkage and plastic shrinkage. Fibers make up one to three percent of the volume of the concrete mix overall and can be either flat or round. The market growth is driven by the rapid urbanization in both developed and developing economies. This has increased the demand of infrastructure facilities such as metro tunnels, airports, schools, hospitals and more. The rapid development in mining activities is also contributing significantly towards industry growth.
Market Dynamics
Growing demand for concrete fibers
In both developing and rising nations, the demand for concrete fibers is expected to be driven by an increase in infrastructure construction. In recent times, nations have been actively engaged in road, bridge, and other infrastructure projects as the demand for modernization has grown. Moreover, because of their increased strength and longevity, these fibers have become a popular option for modern project developers. Over the course of the projection period, technological improvements are expected to occupy a significant industry share. Developers have more options because manufacturers are actively working on making ideal products that can delight clients and offer higher quality.
Rising raw material prices to impact market demand
Due to the shifting pricing of raw materials including steel, polypropylene, and glass, it is anticipated that the production cost of these fibers will pose a substantial industry obstacle in the years to come. Furthermore, the cost of concrete fibers may be prohibitive for nations with low-budget building projects. The concrete admixture industry is expected to grow as a result of more residential and commercial developments. During the projection period, makers of concrete floor coatings stand to gain significantly from the need for lightweight materials from the manufacturing sector.
Market Segmentation
Our in-depth analysis of the global concrete fiber market includes the following segments by product type, application, and end-use:
- Based on product type, the market is sub-segmented into steel fiber, synthetic fiber (polypropylene, nylon, polyester, etc.), glass fiber, natural fibers, and basalt fibers.
- Based on application, the market is bifurcated into pavement, shotcrete, precast, slabs on grade, composite metal decks, and others.
- Based on end-use, the market is augmented into residential infrastructure, industrial & commercial infrastructure, roads & bridges, and others (agriculture, waterways).
Synthetic Fiber is Projected to Emerge as the Largest Segment
The market for synthetic fiber concrete fiber is anticipated to expand. The main trend in the market is the use of synthetic fiber-reinforced concrete for flooring applications. Moreover, it can be applied for building interior ground constructions that rest on floor slabs. Additional uses for synthetic fiber-reinforced concrete include power-floated flooring, garage flooring, workshop flooring, and flooring for residential use. Furthermore, external ground-supported slabs can be constructed using synthetic fiber-reinforced concrete, as well as pavements.
Industrial & Commercial Infrastructure Sub-segment to Hold a Considerable Market Share
Concrete fiber is becoming more and more popular in commercial and industrial infrastructure due to the requirement to increase the strength and durability of concrete. These fibers are becoming a great choice for developers looking to construct sturdy infrastructure in light of the developed world's rising urbanization. The industry is expanding as a result of more environmentally friendly building techniques, which use less real concrete during construction.
Regional Outlook
The global concrete fiber market is further segmented based on geography including North America (the US, and Canada), Europe (UK, Italy, Spain, Germany, France, and the Rest of Europe), Asia-Pacific (India, China, Japan, South Korea, and Rest of Asia-Pacific), and the Rest of the World (the Middle East & Africa, and Latin America).
Asia-Pacific countries to invest in biofuels and bio refineries
- Concrete fiber market performance in the Asia-Pacific region has improved due to the growing building and construction industry.
- The construction of highways, link roads, bridges, high-speed railway tracks, inland waterway structures, and other structures utilizing concrete fiber to provide structural integrity and lessen cracking from plastic shrinkage has increased dramatically as a result of countries experiencing rapid growth in their transportation sectors.
Global Concrete Fiber Market Growth by Region 2024-2031
North America Holds Major Market Share
The majority of the global market share for concrete fiber is accounted for by North America. North America is the most sought-after location due to the growing need for concrete fibers, the creation of high-quality novel fibers, and the advancement of applications. The US is considered the largest consumer nation in North America due to the growing usage of fibers and the expansion of business. It is expected that the country's demand will be driven by the construction industry's rapid expansion. Furthermore, construction fiber companies are looking for higher profits in the nation as construction activity increases.
Market Players Outlook
*Note: Major Players Sorted in No Particular Order.
The major companies serving the global concrete fiber market include ABC Polymer Industries LLC, BASF SE, Owens Corning, Sika AG, GCP Applied Technologies Inc., and The Euclid Chemical Company,among others. The market players are increasingly focusing on business expansion and product development by applying strategies such as collaborations, mergers, and acquisitions to stay competitive in the market. For instance, in January 2021, CiDRA Holdings announced the spin-out of its concrete quality systems business into a standalone company. It is an IoT-based business that provides real-time data that continuously measures the concrete quality from the batch plant to the job site via concrete Ready-Mix trucks. The data is captured through the company’s proprietary SMARThatch sensor mounted on each truck and then delivered for cloud-based access via on-board telematics allowing for real-time concrete quality data to be immediately available to the concrete producer.
The Report Covers
- Market value data analysis of 2023 and forecast to 2031.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global concrete fiber market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
1. Report Summary
• Current Industry Analysis and Growth Potential Outlook
1.1. Research Methods and Tools
1.2. Market Breakdown
1.2.1. By Segments
1.2.2. By Region
2. Market Overview and Insights
2.1. Scope of the Report
2.2. Analyst Insight & Current Market Trends
2.2.1. Key Findings
2.2.2. Recommendations
2.2.3. Conclusion
3. Competitive Landscape
3.1. Key Company Analysis
3.2. BASF SE
3.2.1. Overview
3.2.2. Financial Analysis
3.2.3. SWOT Analysis
3.2.4. Recent Developments
3.3. Owens Corning
3.3.1. Overview
3.3.2. Financial Analysis
3.3.3. SWOT Analysis
3.3.4. Recent Developments
3.4. Key Strategy Analysis
4. Market Segmentation
4.1. Global Concrete Fiber Market by Product Type
4.1.1. Steel Fiber
4.1.2. Synthetic Fiber
4.1.2.1. Polypropylene
4.1.2.2. Nylon
4.1.2.3. Polyester
4.1.2.4. Other
4.1.3. Glass Fiber
4.1.4. Natural Fibers
4.1.5. Basalt fibers
4.2. Global Concrete Fiber Market by Application
4.2.1. Pavement
4.2.2. Shotcrete
4.2.3. Precast
4.2.4. Slabs on Grade
4.2.5. Composite Metal Decks
4.2.6. Others
4.3. Global Concrete Fiber Market by End-use
4.3.1. Residential Infrastructure
4.3.2. Industrial & Commercial Infrastructure
4.3.3. Roads & Bridges
4.3.4. Others (Agriculture, Waterways)
5. Regional Analysis
5.1. North America
5.1.1. United States
5.1.2. Canada
5.2. Europe
5.2.1. UK
5.2.2. Germany
5.2.3. Italy
5.2.4. Spain
5.2.5. France
5.2.6. Rest of Europe
5.3. Asia-Pacific
5.3.1. China
5.3.2. India
5.3.3. Japan
5.3.4. South Korea
5.3.5. Rest of Asia-Pacific
5.4. Rest of the World
5.4.1. Latin America
5.4.2. Middle East and Africa
6. Company Profiles
6.1. ABC Polymer Industries, LLC
6.2. CEMEX S.A.B. de C.V.
6.3. Fibercon International Inc.
6.4. Forta Concrete Fiber
6.5. GCP Applied Technologies Inc.
6.6. Nycon Corp.
6.7. N.V. Bekaert S.A.
6.8. Sika AG
6.9. The Euclid Chemical Co.
6.10. U.S. Concrete Products
6.11. UltraTech Cement Ltd.
1. GLOBAL CONCRETE FIBER MARKET RESEARCH AND ANALYSIS BY PRODUCT TYPE, 2023-2031 ($ MILLION)
2. GLOBAL STEEL CONCRETE FIBER MARKET RESEARCH AND ANALYSIS BY REGION, 2023-2031 ($ MILLION)
3. GLOBAL SYNTHETIC CONCRETE FIBER MARKET RESEARCH AND ANALYSIS BY REGION, 2023-2031 ($ MILLION)
4. GLOBAL GLASS CONCRETE FIBER MARKET RESEARCH AND ANALYSIS BY REGION, 2023-2031 ($ MILLION)
5. GLOBAL NATURAL CONCRETE FIBER MARKET RESEARCH AND ANALYSIS BY REGION, 2023-2031 ($ MILLION)
6. GLOBAL BASALT CONCRETE FIBER MARKET RESEARCH AND ANALYSIS BY REGION, 2023-2031 ($ MILLION)
7. GLOBAL CONCRETE FIBER MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2023-2031 ($ MILLION)
8. GLOBAL CONCRETE FIBER FOR PAVEMENT MARKET RESEARCH AND ANALYSIS BY REGION, 2023-2031 ($ MILLION)
9. GLOBAL CONCRETE FIBER FOR SHOTCRETE MARKET RESEARCH AND ANALYSIS BY REGION, 2023-2031 ($ MILLION)
10. GLOBAL CONCRETE FIBER FOR PRECAST MARKET RESEARCH AND ANALYSIS BY REGION, 2023-2031 ($ MILLION)
11. GLOBAL CONCRETE FIBER FOR SLABS ON GRADE MARKET RESEARCH AND ANALYSIS BY REGION, 2023-2031 ($ MILLION)
12. GLOBAL CONCRETE FIBER FOR COMPOSITE METAL DECKS MARKET RESEARCH AND ANALYSIS BY REGION, 2023-2031 ($ MILLION)
13. GLOBAL CONCRETE FIBER FOR OTHERS MARKET RESEARCH AND ANALYSIS BY REGION, 2023-2031 ($ MILLION)
14. GLOBAL CONCRETE FIBER MARKET RESEARCH AND ANALYSIS BY END-USE, 2023-2031 ($ MILLION)
15. GLOBAL CONCRETE FIBER FOR RESIDENTIAL INFRASTRUCTURE MARKET RESEARCH AND ANALYSIS BY REGION, 2023-2031 ($ MILLION)
16. GLOBAL CONCRETE FIBER FOR INDUSTRIAL & COMMERCIAL INFRASTRUCTURE MARKET RESEARCH AND ANALYSIS BY REGION, 2023-2031 ($ MILLION)
17. GLOBAL CONCRETE FIBER FOR ROADS & BRIDGES MARKET RESEARCH AND ANALYSIS BY REGION, 2023-2031 ($ MILLION)
18. GLOBAL CONCRETE FIBER FOR OTHERS MARKET RESEARCH AND ANALYSIS BY REGION, 2023-2031 ($ MILLION)
19. GLOBAL CONCRETE FIBER MARKET RESEARCH AND ANALYSIS BY REGION, 2023-2031 ($ MILLION)
20. NORTH AMERICAN CONCRETE FIBER MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2023-2031 ($ MILLION)
21. NORTH AMERICAN CONCRETE FIBER MARKET RESEARCH AND ANALYSIS BY PRODUCT TYPE, 2023-2031 ($ MILLION)
22. NORTH AMERICAN CONCRETE FIBER MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2023-2031 ($ MILLION)
23. NORTH AMERICAN CONCRETE FIBER MARKET RESEARCH AND ANALYSIS BY END-USE, 2023-2031 ($ MILLION)
24. EUROPEAN CONCRETE FIBER MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2023-2031 ($ MILLION)
25. EUROPEAN CONCRETE FIBER MARKET RESEARCH AND ANALYSIS BY PRODUCT TYPE, 2023-2031 ($ MILLION)
26. EUROPEAN CONCRETE FIBER MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2023-2031 ($ MILLION)
27. EUROPEAN CONCRETE FIBER MARKET RESEARCH AND ANALYSIS BY END-USE, 2023-2031 ($ MILLION)
28. ASIA-PACIFIC CONCRETE FIBER MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2023-2031 ($ MILLION)
29. ASIA-PACIFIC CONCRETE FIBER MARKET RESEARCH AND ANALYSIS BY PRODUCT TYPE, 2023-2031 ($ MILLION)
30. ASIA-PACIFIC CONCRETE FIBER MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2023-2031 ($ MILLION)
31. ASIA-PACIFIC CONCRETE FIBER MARKET RESEARCH AND ANALYSIS BY END-USE, 2023-2031 ($ MILLION)
32. REST OF THE WORLD CONCRETE FIBER MARKET RESEARCH AND ANALYSIS BY REGION, 2023-2031 ($ MILLION)
33. REST OF THE WORLD CONCRETE FIBER MARKET RESEARCH AND ANALYSIS BY PRODUCT TYPE, 2023-2031 ($ MILLION)
34. REST OF THE WORLD CONCRETE FIBER MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2023-2031 ($ MILLION)
35. REST OF THE WORLD CONCRETE FIBER MARKET RESEARCH AND ANALYSIS BY END-USE, 2023-2031 ($ MILLION)
1. GLOBAL CONCRETE FIBER MARKET SHARE BY PRODUCT TYPE, 2023 VS 2031 (%)
2. GLOBAL STEEL CONCRETE FIBER MARKET SHARE BY REGION, 2023 VS 2031 (%)
3. GLOBAL SYNTHETIC CONCRETE FIBER MARKET SHARE BY REGION, 2023 VS 2031 (%)
4. GLOBAL GLASS CONCRETE FIBER MARKET SHARE BY REGION, 2023 VS 2031 (%)
5. GLOBAL NATURAL CONCRETE FIBER MARKET SHARE BY REGION, 2023 VS 2031 (%)
6. GLOBAL BASALT CONCRETE FIBER MARKET SHARE BY REGION, 2023 VS 2031 (%)
7. GLOBAL CONCRETE FIBER MARKET SHARE BY APPLICATION, 2023 VS 2031 (%)
8. GLOBAL CONCRETE FIBER FOR PAVEMENT MARKET SHARE BY REGION, 2023 VS 2031 (%)
9. GLOBAL CONCRETE FIBER FOR SHOTCRETE MARKET SHARE BY REGION, 2023 VS 2031 (%)
10. GLOBAL CONCRETE FIBER FOR PRECAST MARKET SHARE BY REGION, 2023 VS 2031 (%)
11. GLOBAL CONCRETE FIBER FOR SLABS ON GRADE MARKET SHARE BY REGION, 2023 VS 2031 (%)?
12. GLOBAL CONCRETE FIBER FOR COMPOSITE METAL DECKS MARKET SHARE BY REGION, 2023 VS 2031 (%)
13. GLOBAL CONCRETE FIBER FOR OTHERS MARKET SHARE BY REGION, 2023 VS 2031 (%)
14. GLOBAL CONCRETE FIBER MARKET SHARE BY END-USE, 2023 VS 2031 (%)
15. GLOBAL CONCRETE FIBER FOR RESIDENTIAL INFRASTRUCTURE MARKET SHARE BY REGION, 2023 VS 2031 (%)
16. GLOBAL CONCRETE FIBER FOR INDUSTRIAL & COMMERCIAL INFRASTRUCTURE MARKET SHARE BY REGION, 2023 VS 2031 (%)
17. GLOBAL CONCRETE FIBER FOR ROADS & BRIDGES MARKET SHARE BY REGION, 2023 VS 2031 (%)
18. GLOBAL CONCRETE FIBER FOR OTHERS MARKET SHARE BY REGION, 2023 VS 2031 (%)
19. GLOBAL CONCRETE FIBER MARKET SHARE BY REGION, 2023 VS 2031 (%)
20. US CONCRETE FIBER MARKET SIZE, 2023-2031 ($ MILLION)
21. CANADA CONCRETE FIBER MARKET SIZE, 2023-2031 ($ MILLION)
22. UK CONCRETE FIBER MARKET SIZE, 2023-2031 ($ MILLION)
23. FRANCE CONCRETE FIBER MARKET SIZE, 2023-2031 ($ MILLION)
24. GERMANY CONCRETE FIBER MARKET SIZE, 2023-2031 ($ MILLION)
25. ITALY CONCRETE FIBER MARKET SIZE, 2023-2031 ($ MILLION)
26. SPAIN CONCRETE FIBER MARKET SIZE, 2023-2031 ($ MILLION)
27. REST OF EUROPE CONCRETE FIBER MARKET SIZE, 2023-2031 ($ MILLION)
28. INDIA CONCRETE FIBER MARKET SIZE, 2023-2031 ($ MILLION)
29. CHINA CONCRETE FIBER MARKET SIZE, 2023-2031 ($ MILLION)
30. JAPAN CONCRETE FIBER MARKET SIZE, 2023-2031 ($ MILLION)
31. SOUTH KOREA CONCRETE FIBER MARKET SIZE, 2023-2031 ($ MILLION)
32. REST OF ASIA-PACIFIC CONCRETE FIBER MARKET SIZE, 2023-2031 ($ MILLION)
33. LATIN AMERICA CONCRETE FIBER MARKET SIZE, 2023-2031 ($ MILLION)
34. MIDDLE EAST AND AFRICA CONCRETE FIBER MARKET SIZE, 2023-2031 ($ MILLION)
