Bendable/Flexible Concrete Market Size, Share, Growth Analysis, By Type(Fiber-Based Bendable Concrete, and Polymer-Based Bendable Concrete), By Application(Infrastructure, and Building & Construction), By Region - Industry Forecast 2024-2031

Bendable/Flexible Concrete Market size was valued at USD 8.08 billion in 2022 and is poised to grow from USD 11.49 billion in 2023 to USD 192.09 billion by 2031, growing at a CAGR of 42.2% during the forecast period (2024-2031).

The bendable/flexible concrete market is highly competitive, with the presence of several and regional players. The market is characterized by the presence of established companies and emerging players who are focused on expanding their market share through strategic partnerships, collaborations, and product innovations. The key strategies adopted by these companies include investments in R&D, product launches, and expansions in untapped markets. Additionally, companies are increasingly focusing on sustainable and eco-friendly products to cater to the growing demand for environmentally responsible construction practices. 'CEMEX S.A.B. de C.V. (Mexico)', 'BASF SE (Germany)', 'Sika AG (Switzerland)', 'LafargeHolcim Ltd (Switzerland)', 'Fosroc International Ltd (UK)', 'GCP Applied Technologies Inc. (US)', 'The Euclid Chemical Company (US)', 'ACC Limited (India)', 'Flexcrete Technologies Ltd (UK)', 'RUREDIL S.p.A. (Italy)', 'Ductal (Lafarge Group) (France)', 'Tarmac Trading Limited (UK)', 'U.S. Concrete, Inc. (US)', 'Beijing Oriental Yuhong Waterproof Technology Co., Ltd. (China)', 'Mapei S.p.A. (Italy)', 'CEMEX UK (UK)', 'Saudi Readymix Concrete Company Ltd. (Saudi Arabia)', 'RAMPF Holding GmbH & Co. KG (Germany)', 'Buzzi Unicem SpA (Italy)', 'ACCIONA Construcción S.A. (Spain)'

One of the key drivers of the bendable/flexible concrete market is the increasing demand for sustainable and energy-efficient buildings. Bendable/flexible concrete can reduce the need for steel reinforcement and enable innovative designs, leading to energy savings and reduced environmental impact. The use of bendable/flexible concrete in building projects can also enhance the safety and resilience of buildings in earthquake-prone areas. The growing awareness of the benefits of sustainable construction practices is expected to drive the adoption of bendable/flexible concrete in the building and construction sector.

Rise in Popularity of Sustainable Construction Materials: One key market trend in the bendable/flexible concrete market is the increasing demand for sustainable and eco-friendly construction materials. With the growing awareness of environmental issues and the need to reduce carbon footprint, there is a rising preference for construction materials that are recyclable, energy-efficient, and have low emissions. This trend is driving the development of innovative sustainable bendable/flexible concrete products that offer improved performance and durability while minimizing environmental impact. Additionally, the integration of advanced technologies such as 3D printing and IoT is further enhancing the efficiency and sustainability of bendable/flexible concrete construction projects.

North America is expected to dominate the market during the forecast period, owing to the growing demand for sustainable and energy-efficient buildings and the increasing use of bendable/flexible concrete in earthquake-resistant structures. Additionally, the presence of major market players in the region is driving the growth of the market.