European concrete reinforcing fiber market is estimated to grow at a CAGR of 4.2% during the forecast period. Growing investment in infrastructure projects and rising industrialization are some pivotal factors accelerating market growth. In April 2019, the EU Cohesion Policy invests nearly $4.5 billion of EU funds in 25 large infrastructure projects in 10 member states. This investment package involves Italy, Bulgaria, Poland, Czechia, Romania, Germany, Greece, Malta, and Hungary. These infrastructure projects comprise a broad spectrum of areas, such as energy, environment, health, transport, energy, and research. 

Through national co-financing, the total investment in such infrastructure projects was valued at nearly $9 billion. The investment in infrastructure projects is driving the demand for fiber reinforced concrete which is a composite material that is used to increase structural integrity. It is suitable for improving the and durability of concrete and mortar. Adding fibers in concrete supports to decrease shrinkage cracks, increase energy absorption, increase strength, and minimizes dangerous spalling at high temperatures.  

The market is segmented based on type and application. Based on type, the market is classified into steel fiber, synthetic fiber, natural fiber, glass fiber, and others. Significant production of steel fibers has been witnessed in Europe. 5 million m³ concrete is being reinforced with Dramix steel fibers manufactured by Bekaert. According to the Bekaert, in Europe, over 1 on 3 square meters of industrial floors is reinforced using steel fiber reinforced concrete. These fibers enhance surface resistance to erosion and abrasion, offer greater resistance to compression, shear force, torsion, and traction, which results in greater loading capacity, and enhances the ductility and persistence of traditional concrete. Based on application, the market is classified into infrastructure, residential and commercial, and industrial. 

Some key companies operating in the market include Sika AG, BASF SE, N.V. Bekaert S.A., and Hanson Ltd. The market players are using some key strategies to increase their market share. For instance, in August 2019, The Master Builders Solutions experts introduced their new website www.masterfiber.basf.com. This offers advantages of MasterFiber that is gaining interest among its customers. Multiple references in various European countries have already demonstrated the sustainability benefits of MasterFiber. MasterFiber 249 has been implemented to encourage the renovation of the port of Barcelona. With polypropylene fibers, 60.000 m2 of pavement will be optimized for the durability of the area and improvement of the chloride resistance.

Research Methodology

The market study of the European concrete reinforcing fiber market is incorporated by extensive primary and secondary research conducted by the research team at OMR. Secondary research has been conducted to refine the available data to breakdown the market into various segments, derive total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. Our team collects facts and data related to the market from different geography to provide a better regional outlook. In the report, the country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior, and macro-economic factors. Numbers extracted from Secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. This enables our analyst to derive the closest possible figures without any major deviations in the actual number. Our analysts try to contact as many executives, managers, key opinion leaders, and industry experts. Primary research brings the authenticity in our reports.

Secondary Sources Include

• Financial reports of companies involved in the market.
• Whitepapers, research-papers, and news blogs.
• Company websites and their product catalog.

The report provides an in-depth analysis of market size, intended quality of the service preferred by consumers. The report will serve as a source for a 360-degree analysis of the market thoroughly integrating different models.

Market Segmentation

1. European Concrete Reinforcing Fiber Market Research and Analysis by Type
2. European Concrete Reinforcing Fiber Market Research and Analysis by Application

The Report Covers

• Comprehensive research methodology of the European concrete reinforcing fiber market.
• This report also includes a detailed and extensive market overview with key analyst insights.
• An exhaustive analysis of macro and micro factors influencing the market guided by key recommendations.
• Analysis of regional regulations and other government policies impacting the European concrete reinforcing fiber market.
• Insights about market determinants that are stimulating the European concrete reinforcing fiber market.
• Detailed and extensive market segments with regional distribution of forecasted revenues.
• Extensive profiles and recent developments of market players.