Global Concrete Fibers Market Movements by Key Findings, Latest Trend Analysis, Progression Status, And Revenue Expectation to 2030
Further, for the in-depth analysis, the
report encompasses the industry growth indicators, restraints, supply and
demand risk, along with detailed discussion on current and future market trends
that are associated with the growth of the market.
The global concrete fibers market is anticipated to grow at a CAGR of ~8%
over the forecast period, i.e., 2022–2030. The market segmented on the basis of
type into natural fiber, synthetic fiber, steel fiber, glass fiber, and others,
out of which, the steel fiber segment is estimated gain the largest market
share throughout the forecast period, owing to the high strength and low cost
of steel fibers, which makes them optimum for construction activities. Based on
application, the transportation infrastructure segment is estimated to attain
highest growth throughout the forecast period, on the back of increasing demand
for strong roads, and bridges, along with government initiatives to improve
construction standards in the upcoming years.
The global concrete fibers market is estimated
to grow on the back of various advantages of concrete fibers, such as, heat
resistance, strength, and high stability, as opposed to concrete. Moreover,
concrete is likely to develop cracks and fissures with time due to excessive
evaporation or other damages. To fill these cracks, concrete fiber is used
excessively, especially in developed countries. Furthermore, improving
construction standards, and government concerns to curb accidents caused by
poor conditions of roads or buildings, is estimated to boost the market growth.
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Regionally,
the global concrete fibers market is segmented into five
major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region.
Out of these regions, the market in North America region is estimated to garner
the largest share over the forecast period, owing to the rapid urbanization and
increasing construction activities in the countries, such as, Canada, and
United States. According to the data by
the World Bank, 82.36% of the total population of the North America lives in
urban areas, which is expected to increase further. The improving infrastructure is also estimated to boost the market
growth.
However, high operational cost of concrete
fiber is expected to operate as key restraint to the growth of global concrete
fibers market over the forecast period.
This report also provides the existing
competitive scenario of some of the key players of the global concrete fibers
market which includes company profiling of BASF SE, Sika AG, Propex Operating Company,
LLC, Bekaert, ABC Polymer Industries, LLC, Owens Corning, Fibercon
International Inc., GCP Applied Technologies Inc., Nycon, and Synthetic
Resources, Inc. The profiling enfolds key information of the companies which
encompasses business overview, products and services, key financials and recent
news and developments. On the whole, the report depicts detailed overview of
the global concrete fibers market that will help industry consultants,
equipment manufacturers, existing players searching for expansion
opportunities, new players searching possibilities and other stakeholders to
align their market centric strategies according to the ongoing and expected
trends in the future.
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