Global Concrete Fiber Market: Overview
Concrete fibers, also known as fiber-reinforced concrete, has fibers integrated into the concrete for increasing its structural integrity, reducing its permeability, and water leakage reduction. The fibers may be natural, glass, synthetic, and steel fibers. These fibers are uniformly distributed in the concrete. The fibers reduce shrinkage due to the plasticity reduction or dryness. The concrete fibers are used for construction, industrial, and mining purposes due to its chemical, mechanical, and thermal resistance properties, stability, strength, and durability. Concrete fibers are used to develop conventional concrete barrier rails, roads, sound attenuation barriers, and paving.
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Global Concrete Fiber Market: Growth Factors
The increasing demand for the concrete fiber products due its properties such as durability, resistance, and stability boosts the growth of the global concrete fiber market. The increasing urbanization and demand for non-corrosive materials are driving the global market growth. These fibers have a broad range of application in the industrial, road and building construction, mining application, and others. The high cost of production of concrete fibers restrains the global market growth.
Global Concrete Fiber Market: Segmentation
The global concrete fiber market is bifurcated based on the type, end use industry, and region. The type segment is further divided into natural fiber, steel concrete fiber, synthetic concrete fiber, glass concrete fiber, and basalt fiber. The end use industry segment is categorized into mining and tunnel, transport infrastructure, building and construction, industrial flooring, agriculture, and waterways. The mining and tunnel subsegment is bifurcated into slope stabilization, shafts and tunnel lining, and underground mining. The transport infrastructure subsegment is divided into railways, bridges, roadways, highways, and ports and airports. The building and construction subsegment is further categorized into residential and non-residential building and construction. The regional segmentation includes Europe, Asia Pacific, the Middle East and Africa, South America, and North America. The transport infrastructure segment dominates the global concrete fiber market. The rising demand for basalt fiber due to its high melting point at 1400°C is expected to boost the concrete fiber market.
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Global Concrete Fiber Market: Regional Analysis
North America has the largest share in the global concrete fiber market. The increasing demand for steel fiber and synthetic fiber concretes boosts the US concrete fiber market. The developing countries such as Brazil, India, China, Japan, and Nigeria are witnessing growth in the global concrete fiber market due to the investments by the major players in these regions. The global market in Asia Pacific region is expected to grow rapidly due to the demand in the industrial, mining, and constructional fields. Europe due to the advanced technology will occupy major shares in the global market.
Global Concrete Fiber Market: Competitive Players
The major players in the global concrete fiber market include Propex Operating Company LLC, Nycon Corporation, Owens Corning, Cemex, ABC Polymer Industries, Bekaert SA, and Sika AG. The other players in the global market include BASF SE, Propex Global, Fibercon International Inc., The Euclid Chemical Company, Nycon Corporation, and W. R. Grace & Co.
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Global Concrete Fiber Market: Regional Segment Analysis
- North America
- Asia Pacific
- Latin America
- Middle East and Africa
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