Concrete Fiber Market Share Will Take a Big Hit in the Coming Years

 The Global Concrete Fiber Market, in terms of value, is projected to reach USD 3.09 billion by 2021, at a CAGR of 8.2%, from 2016 to 2021. Increasing demand of synthetic concrete fiber across various end-use industries such as transport infrastructure, building & construction, and mining & tunnel is driving the global concrete fiber market.

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Upward penetration in end-use industries, increasing urbanization, and upsurge in demand of non-corrosive materials are fueling the demand of concrete fiber market.

Drivers & Opportunities in global industry:

  • Upward Penetration in End-Use Industries
  • Flourishing Urbanization Trend
  • Upsurge in Demand for Non-Corrosive Materials
  • Utilization of Ready-Mix Concrete (RMC) Fiber in Developing Countries

The steel concrete fiber type segment dominates the concrete fiber market. It has excellent tensile & flexural strength, shock & fatigue resistance, ductility, and high durability. These properties enable it to provide enhanced toughness and post-crack load carrying capacity to the concrete. The leading companies manufacturing steel concrete fiber include Bekaert SA (Belgium), BASF SE (Germany), and Sika AG (Switzerland)

The transport infrastructure is the largest end-use industry segment of the global concrete fiber market. This is due to the increasing demand of concrete fibers in the road industry. In transport industry concrete fibers are used to manufacture roads, highways, bridges, railways, and ports & airports.

https://www.prnewswire.com/in/news-releases/concrete-fiber-market-worth-309-billion-usd-by-2021-611624385.html

North America is one of the key concrete fiber markets. Globally, it is the largest market respect to demand as well as product innovation in terms of quality and application development. The U.S. is the largest country in North America and one of the key consumers of concrete fiber, accounting for a major share of the North American market. The country’s concrete fiber market is witnessing growth in demand due to the increasing use and expanding. There are many concrete fiber manufacturing companies like ABC Polymer Industries (U.S.), Cemex (Mexico), Nycon Corporation (U.S.), and Owens Corning (U.S.).

Some of the major players in the global concrete fiber market are, Bekaert SA (Belgium), Sika AG (Switzerland), Propex Operating Company LLC (U.S.), ABC Polymer Industries (U.S.) and Cemex (Mexico). Major players in this market are focusing on organic growth strategies for a greater market share in emerging economies such as India, Nigeria, and Brazil. Also, several companies have strengthened their distribution networks in these countries.

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