The new report published by Stratview Research, titled Concrete Fiber Market, is Segmented by Fiber Type (Steel Fiber, Synthetic Fiber [Microfiber and Macrofiber], Glass Fiber, and Others), by End-User Type (Transport Infrastructure, Building & Construction, Mining & Tunnel, Industrial Flooring, and Others), by Application Type (Precast Concrete, Sprayed Concrete, Slab, and Others), and by Region (North America, Europe, Asia-Pacific, and Rest of the World).

Market Insights:

The concrete fiber market was estimated at US$ 1.31 billion in 2021 and is expected to exhibit a healthy CAGR of 5.0% over the forecast period, reaching a valuation of US$ 1.8 billion by 2027.

What is concrete fiber?

Fibers in concrete help in several ways such as controlling and regulating plastic shrinkage and cracking, increasing energy absorption, and reducing dangerous spalling at high temperatures.

They enhance tensile strength, freeze-thaw resistance, and keep the concrete sturdy and visibly attractive over time. Hence, they are often used in applications like the construction of bridges, tunnels, and pavements.

Market Dynamics

The demand for concrete fiber is expected to be driven by several factors, such as-

  • Low prices of concrete fiber in comparison to other core materials. 
  • Rising construction activities, especially in developing economies.
  • Increasing urbanization and the need for infrastructure development in these regions are driving the demand for construction materials that offer better performance and longevity.
  • The shift towards sustainable and eco-friendly construction practices also drives the demand for concrete fiber.
  • The use of natural and recycled fibers in concrete not only provides better performance but also reduces the environmental impact of construction activities.

Segment Analysis

The market is segmented into transport infrastructure, building & construction, mining & tunnel, industrial flooring, and others. Mining & tunnel is expected to remain the dominant segment in the market during the forecast period. Steel is the dominantly used fiber type in mining & tunnel applications.

Key applications for concrete fibers in mining & tunnel are tunnel lining and shafts, slope stabilization, and underground mines. Building & Construction is estimated to remain the growth propeller of the market in the coming five years. It includes all the residential and non-residential buildings and structures.

The market is segmented into steel fiber, synthetic fiber, glass fiber, and others. The synthetic fiber market is further bifurcated into macro fiber and microfiber. Steel fiber is expected to remain the dominant fiber type in the market during the forecast period, owing to its high durability, e-modulus, and tensile strength.

Steel fiber-reinforced concrete offers higher ductility and post-cracking strength, fatigue resistance, spalling, and wear & tear compared to conventional reinforced concrete. In addition, it is used for heavy-duty applications including ground slabs and precast elements for tunnels and bridges. However, Synthetic fiber is gaining faster acceptance. It controls and mitigates plastic shrinkage cracking, reduces segregation and bleeds water, increases surface durability, and reduces the risk of delaminating.

The market is classified as precast concrete, sprayed concrete, slab, and others. The slab is expected to remain the most preferred application for concrete fibers in the foreseen future. It is also anticipated that the demand for concrete fibers in this application is likely to witness the highest growth for the same period. Fiber-reinforced slabs are used in all the major end-use industries such as transport infrastructure, building & construction, mining & tunnel, and industrial flooring.

Precast concrete is likely to remain the second-largest application type of concrete fiber during the forecast period. The key advantages of precast concrete are high durability, versatility, ease of construction, and affordability. Also, it is aesthetically pleasing, reduces the overall construction time, and enhances safety at the construction site.

Europe is expected to remain the largest market for concrete fibers during the forecast period. Germany and France remain the largest markets for concrete fibers in the region, due to an expected increase in the growth of construction activities, increasing demand for concrete reinforcement products, and increased focus on developing low-carbon concrete solutions. North America and Asia-Pacific are also likely to create sizeable opportunities in the coming five years, driven by an increase in construction activities.

Research Methodology

This report offers actionable insights and is the outcome of an extensive study comprising of secondary research, primary interviews with industry stakeholders, validation and triangulation with Stratview Research’s internal database. Experts at Stratview Research have conducted more than 15 detailed primary interviews with the market players across the value chain in all four regions and industry experts to obtain both qualitative and quantitative insights.

The report also covers market structure, market environment analysis, market segment trends and forecasts, competitive landscape and dynamics, attractive market segments and associated growth opportunities, emerging trends, strategic growth opportunities for the existing and new players, and key success factors.   

Key Players

Some of the key players in the Concrete Fiber Market mentioned in the report are –

  • Bekaert
  • Arcelor Mittal
  • Sika AG
  • Master Builders Solutions
  • Owens Corning
  • Chryso Group
  • Euclid Chemical

Key Insights Presented in the Report:

  • Market Drivers – After several interviews with the key players active in the Concrete Fiber Market, the researchers have listed down few factors that have majorly affected the growth of the key players. This can assist the users in formulating their growth strategies accordingly.
  • Industry Life Cycle Analysis: The report consists of evolution of an industry or business based on its stages of growth and decline. The four phases of the industry life cycle that are covered in the study are the introduction, growth, maturity, and decline phases.
  • Market Attractiveness – Taking into account the market size, and growth rate, and the level of competition and other constraints, the report also is aided with market attractiveness.
  • Key success factors– KSFs refer to one of the crucial strategic tools. Correct understanding of the key success factors is a good base for a well-structured company differentiation. To help the user with proper development and execution of strategy.

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About Us

Stratview Research is a global market research firm, offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with insightful market data to aid strategic decision-making. These exclusive reports are the result of extensive research and are available for key industries such as chemicals, composites, advanced materials, technology, renewable energy, and more.