Table of Contents
Historical Data, Premium Insights, Market Dynamic, Analysis and Projection, By Product, Analysis and Projection, By Application, Analysis and Projection, By End-Use, Analysis and Projection, By Regional Analysis, Competitive Landscape, Company Profiles, Market Revenue, Sale & Price Analysis
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Prescription Sunglass Market Size Interactive Tables Market Size Quantum Dot Display Market Size Interactive Video Wall Market SizeGlobal Concrete Reinforcing Fiber Market Size to Exceed USD 3.99 Billion by 2033
According to a research report published by Spherical Insights & Consulting, The Global Concrete Reinforcing Fiber Market Size Expected to Grow from USD 2.08 Billion in 2023 to 3.99 Billion by 2033, at a CAGR of 6.73% during the forecast period 2023-2033.
Browse 210 market data Tables and 45 Figures spread through 190 Pages and in-depth TOC on the Global Concrete Reinforcing Fiber Market Size, Share, and COVID-19 Impact Analysis, By Product (PE, PP, Steel, and Basalt), By Application (Infrastructure, Building & Construction, and Industrial), and By Region (North America, Europe, Asia Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2023 – 2033
The concrete reinforcing fiber market is the industry that manufactures, distributes, and uses fiber materials added to concrete to improve its strength, durability, and performance. These fibers, which can be made from materials like steel, synthetic polymers, glass, and natural fibers, enhance concrete's resistance to cracking, impact, and thermal stresses, making it ideal for use in construction, infrastructure, and industrial applications. Moreover, the concrete reinforcing fiber market will be driven mainly by the requirement for high strength and durability concrete in construction as well as in infrastructure projects, with growing urbanization and increased construction technology augmenting market growth. Furthermore, the increasing prevalence of sustainable building practices, cracks in concrete leading to the rise in demand, and the multiple benefits of fibre-reinforced concrete in lower maintenance costs with improved performance even in harsh environment conditions further boost market growth. However, concrete reinforcing fiber market restraints include high material costs, limited awareness in developing regions, complex mixing processes, and availability of alternative reinforcement methods that may limit the use of the concrete reinforcing fiber market in certain applications.
The steel segment accounted for the largest share of the global concrete reinforcing fiber market in 2023 and is anticipated to grow at a significant CAGR during the forecast period.
On the basis of product, the global concrete reinforcing fiber market is divided into PE, PP, steel, and basalt. Among these, the steel segment accounted for the largest share of the global concrete reinforcing fiber market in 2023 and is anticipated to grow at a significant CAGR during the forecast period. This is due to their high tensile strength, durability, and superior crack resistance, steel fibers are widely used in industrial flooring, tunnels, bridges, and heavy-duty infrastructure, enhancing the impact resistance and load-bearing capacity of concrete.
The infrastructure segment accounted for a substantial share of the global concrete reinforcing fiber market in 2023 and is anticipated to grow at a rapid pace during the projected period.
On the basis of application, the global concrete reinforcing fiber market is divided into infrastructure, building & construction, and industrial. Among these, the infrastructure segment accounted for a substantial share of the global concrete reinforcing fiber market in 2023 and is anticipated to grow at a rapid pace during the projected period. This growth is primarily attributed to the increasing use of fibre-reinforced concrete in roads, bridges, tunnels, and dams. The demand for durable, crack-resistant, and high-strength concrete in large-scale public infrastructure projects drives market growth and makes it the dominant application segment globally.
Asia Pacific is projected to hold the largest share of the global concrete reinforcing fiber market over the projected period.
Asia Pacific is projected to hold the largest share of the global concrete reinforcing fiber market over the projected period. The region is experiencing rapid urbanization, infrastructure development, and construction activities in countries like China, India, and Japan. The growing demand for high-strength, durable concrete in infrastructure projects, coupled with rising industrialization, boosts the adoption of reinforcing fibers, making it the dominant market region.
North America is expected to grow at the fastest CAGR growth of the global concrete reinforcing fiber market during the projected timeframe. This is due to increased investments in infrastructure renewal, construction, and sustainable building practices. The demand for high-performance concrete in roadways, bridges, and industrial applications is rising, particularly in the U.S. and Canada. Technological advancements and a focus on durability and maintenance reduction further contribute to the region's rapid market growth.
Company Profiling
Major vendors in the global concrete reinforcing fiber market are BASF SE, Bekaert, CEMEX S.A.B. de C.V., Sika AG, ABC Polymer Industries, LLC, Nycon Corporation, Ultratech Concrete, Owens Corning, FORTA Corporation, The Euclid Chemical Company, and Others.
Key Target Audience
Recent Development
Market Segment
This study forecasts revenue at global, regional, and country levels from 2023 to 2033. Spherical Insights has segmented the global concrete reinforcing fiber market based on the below-mentioned segments:
Global Concrete Reinforcing Fiber Market, By Product
Global Concrete Reinforcing Fiber Market, By Application
Global Concrete Reinforcing Fiber Market, By Regional
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