Global Concrete Fiber Market

Concrete Fiber Market Size, Share, Growth Analysis, By Product(Steel, Synthetic, Polyethylene, Natural), By Application(Infrastructure, Building & Construction, Industrial), By Region - Industry Forecast 2024-2031

Report ID: SQMIG15F2060 | Region: Global | Published Date: April, 2024
Pages: 184 | Tables: 65 | Figures: 76

Concrete Fiber Market News

  • In February 2024, RailTel Corporation of India announced that it has secured a work order from Western Railways worth Rs 124.90 crore. The contract entails the implementation of unified communication infrastructure, which includes IP/MPLS LAN Infra, VOIP exchange, IP-based control communication, and the replacement of UTN over Western Railway.

  • In February 2024, the China Cement Association (CCA) and the Global Cement and Concrete Association (GCCA) joined forces by signing a partnership pledge. Their collaboration aims to focus on promoting low-carbon development within the cement and concrete industry.

  • In September 2023, Nuvoco Vistas introduced Duraguard Microfibre Cement, a type of cement reinforced with fibers. This cement is composed of clinker consisting of 48-52% tricalcium silicate and low tricalcium aluminate. Additionally, it contains electrostatically precipitated dry fly ash as one of its components.

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Global Concrete Fiber Market size was valued at USD 2.34 billion in 2022 and is poised to grow from USD 2.50 billion in 2023 to USD 4.27 billion by 2031, at a CAGR of 6.9% during the forecast period (2024-2031).

The global concrete fiber market is highly competitive, with several key players operating worldwide. These companies compete based on factors such as product offerings, innovation, quality, pricing, and distribution networks. 'Sika AG (Switzerland)', 'Bekaert SA (Belgium)', 'CEMEX S.A.B. de C.V. (Mexico)', 'GCP Applied Technologies Inc. (United States)', 'BASF SE (Germany)', 'Owens Corning (United States)', 'Propex Operating Company LLC (United States)', 'Sisecam Group (Turkey)', 'ABC Polymer Industries LLC (United States)', 'Nycon Corporation (United States)', 'Fibercon International Inc. (United States)', 'W. R. Grace & Co. (United States)', 'Forta Corporation (United States)', 'Euclid Chemical Company (United States)', 'FORTA Corporation (United States)', 'The Euclid Chemical Company (United States)', 'Elasto Plastic Concrete (EPC) (United States)', 'FORTA Corporation (United States)', 'Nycon (United States)', 'Fibercon International Inc. (United States)', 'Hunan Sunshine Steel Fiber Co., Ltd. (China)'

With increasing awareness about the long-term performance and durability of structures, there is a growing emphasis on incorporating concrete reinforcement solutions. Concrete fibers help reduce cracking, control shrinkage, improve impact resistance, and enhance overall durability. The demand for high-quality and long-lasting construction materials has driven the adoption of concrete fibers in various construction projects.

Growing importance of standardized testing and certifications : Standardized testing and certifications play a crucial role in ensuring the quality and performance of concrete fibers. There is an increasing focus on developing globally recognized testing methods and certifications for fiber-reinforced concrete. Standardization efforts help establish trust and confidence in the performance and reliability of concrete fibers, promoting their wider adoption in construction projects.

Due to the growing market in North America and the region's industrial sector, these developments are expected to occur. Over the next seven years, it is anticipated that the market for concrete reinforcing fiber in North America will experience positive growth due to a high influx of private investments in the construction sector in 2022 and an increase in building activity. The increasing use of concrete in underwater structures for infrastructural development in economies like Turkey is predicted to be the main driver of the demand for reinforced concrete in the region. Additionally, the expansion of the business is anticipated to be fueled by the construction of marine infrastructure like bridges and tunnels in developed nations.

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Global Concrete Fiber Market

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