North American concrete reinforcing fiber market is estimated to grow at a CAGR of 4.7% during the forecast period. The growing residential and commercial construction is one of the major factors in driving market growth. As per the US Census Bureau, in October 2020, privately-owned housing starts were at a seasonally adjusted annual rate of 1,530,000, which is 4.9% above the revised September estimate of 1,459,000 and is 14.2% above the October 2019 rate of 1,340,000. In October 2020, single-family housing starts were at a rate of 1,179,000, which is 6.4% above the revised September rate of 1,108,000. This, in turn, is accelerating the demand for concrete reinforcing fiber to maintain structural integrity.
Fiber-reinforced concrete can be utilized in several residential applications such as pool construction with shotcrete, driveways, sidewalks, drainage, basements, foundations, colored concrete, and more. It is appropriate for concrete applications that need protection from plastic and drying shrinkage, increased service life, reduced construction costs, improved durability. The fibers application in concrete can decrease the consumption of energy of a construction project and thereby supports green building practices.
North American concrete reinforcing fiber 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. Synthetic fibers include polypropylene, polyester, nylon, and polythene. These fibers are particularly engineered for concrete that is produced from man-made materials to resist in the long-term alkaline concrete environment. Synthetic fibers are extensively added to concrete to minimize plastic shrinkage cracking of structural and reinforced plain concrete and to decrease temperature cracking and shrinkage in structural plain concrete slabs on grade. Among synthetic fibers that are available in the US, polypropylene is regarded as the most extensively used synthetic fiber in ready mixed concrete. Polypropylene fibers are hydrophobic and therefore, they do not absorb water. Based on application, the market is classified into infrastructure, residential and commercial, and industrial.
Some prominent players in the market include Sika AG, BASF SE, Owens Corning, and GCP Applied Technologies Inc. The strategies adopted by the market players to increase their market share include product launches and mergers and acquisitions. For instance, in May 2018, GCP Applied Technologies Inc. announced the acquisition of UK based R.I.W. Ltd., a provider of waterproofing products. The company offers products for applications in residential and commercial construction. This will support R.I.W. to leverage GCP’s distribution channels to further increase its penetration of waterproofing projects in the UK.
Research Methodology
The market study of the North American 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
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
The Report Covers
1. Report Summary
1.1. Research Methods and Tools
1.2. Market Breakdown
1.2.1. By Segments
1.2.2. By Country
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. Company Share Analysis
3.2. Key Strategy Analysis
3.3. Key Company Analysis
3.3.1. Overview
3.3.2. Financial Analysis
3.3.3. SWOT Analysis
3.3.4. Recent Developments
4. Market Determinants
4.1. Motivators
4.2. Restraints
4.3. Opportunities
5. Market Segmentation
5.1. North American Concrete Reinforcing Fiber Market by Type
5.1.1. Steel Fiber
5.1.2. Synthetic Fiber
5.1.3. Natural Fiber
5.1.4. Glass Fiber
5.1.5. Others
5.2. North American Concrete Reinforcing Fiber Market by Application
5.2.1. Infrastructure
5.2.2. Residential and Commercial
5.2.3. Industrial
6. Regional Analysis
6.1. United States
6.2. Canada
7. Company Profiles
7.1. ABC Polymer Industries, LLC
7.2. BASF SE
7.3. Fibercon International Inc.
7.4. Forta Corp.
7.5. GCP Applied Technologies, Inc.
7.6. Nycon
7.7. Owens Corning
7.8. Propex Operating Company, LLC
7.9. Sika AG
7.10. The Euclid Chemical Co.
7.11. W. R. Grace and Co.
1. NORTH AMERICAN CONCRETE REINFORCING FIBER MARKET RESEARCH AND ANALYSIS BY TYPE, 2019-2026 ($ MILLION)
2. NORTH AMERICAN STEEL CONCRETE REINFORCING FIBER MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2019-2026 ($ MILLION)
3. NORTH AMERICAN SYNTHETIC CONCRETE REINFORCING FIBER MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2019-2026 ($ MILLION)
4. NORTH AMERICAN NATURAL CONCRETE REINFORCING FIBER MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2019-2026 ($ MILLION)
5. NORTH AMERICAN GLASS CONCRETE REINFORCING FIBER MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2019-2026 ($ MILLION)
6. NORTH AMERICAN OTHER CONCRETE REINFORCING FIBER TYPES MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2019-2026 ($ MILLION)
7. NORTH AMERICAN CONCRETE REINFORCING FIBER MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2019-2026 ($ MILLION)
8. NORTH AMERICAN CONCRETE REINFORCING FIBER IN INFRASTRUCTURE MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2019-2026 ($ MILLION)
9. NORTH AMERICAN CONCRETE REINFORCING FIBER IN RESIDENTIAL AND COMMERCIAL MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2019-2026 ($ MILLION)
10. NORTH AMERICAN CONCRETE REINFORCING FIBER IN INDUSTRIAL MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2019-2026 ($ MILLION)
11. NORTH AMERICAN CONCRETE REINFORCING FIBER MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2019-2026 ($ MILLION)
12. US CONCRETE REINFORCING FIBER MARKET RESEARCH AND ANALYSIS BY TYPE, 2019-2026 ($ MILLION)
13. US CONCRETE REINFORCING FIBER MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2019-2026 ($ MILLION)
14. CANADA CONCRETE REINFORCING FIBER MARKET RESEARCH AND ANALYSIS BY TYPE, 2019-2026 ($ MILLION)
15. CANADA CONCRETE REINFORCING FIBER MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2019-2026 ($ MILLION)
1. NORTH AMERICAN CONCRETE REINFORCING FIBER MARKET SHARE BY TYPE, 2019 VS 2026 (%)
2. NORTH AMERICAN STEEL CONCRETE REINFORCING FIBER MARKET SHARE BY COUNTRY, 2019 VS 2026 (%)
3. NORTH AMERICAN SYNTHETIC CONCRETE REINFORCING FIBER MARKET SHARE BY COUNTRY, 2019 VS 2026 (%)
4. NORTH AMERICAN NATURAL CONCRETE REINFORCING FIBER MARKET SHARE BY COUNTRY, 2019 VS 2026 (%)
5. NORTH AMERICAN GLASS CONCRETE REINFORCING FIBER MARKET SHARE BY COUNTRY, 2019 VS 2026 (%)
6. NORTH AMERICAN OTHER CONCRETE REINFORCING FIBER TYPES MARKET SHARE BY COUNTRY, 2019 VS 2026 (%)
7. NORTH AMERICAN CONCRETE REINFORCING FIBER MARKET SHARE BY APPLICATION, 2019 VS 2026 (%)
8. NORTH AMERICAN CONCRETE REINFORCING FIBER IN INFRASTRUCTURE MARKET SHARE BY COUNTRY, 2019 VS 2026 (%)
9. NORTH AMERICAN CONCRETE REINFORCING FIBER IN RESIDENTIAL AND COMMERCIAL MARKET SHARE BY COUNTRY, 2019 VS 2026 (%)
10. NORTH AMERICAN CONCRETE REINFORCING FIBER IN INDUSTRIAL MARKET SHARE BY COUNTRY, 2019 VS 2026 (%)
11. NORTH AMERICAN CONCRETE REINFORCING FIBER MARKET SHARE BY COUNTRY, 2019 VS 2026 (%)
12. US CONCRETE REINFORCING FIBER MARKET SIZE, 2019-2026 ($ MILLION)
13. CANADA CONCRETE REINFORCING FIBER MARKET SIZE, 2019-2026 ($ MILLION)