Concrete Fibers Market Size, Industry Analysis Report By Fiber Type (Steel Fiber, Synthetics Fiber, Glass Fiber, Natural Fiber), By Application (Infrastructure, Building And Construction, Mining And Tunnel, Industrial) & Region – Forecast
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- 1970-01-01
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- 270
- CATEGORY
- Food & Beverages
The Concrete Fibers Market is valued at around USD 1.9 billion in 2022 and is expected to reach USD 4.51 billion by 2030, registering a CAGR of 9.5% over the forecast period. To improve durability, structural integrity, and to prevent cracking brought on by drying shrinkage and plastic shrinkage, fibre concrete contains fibrous materials. The fibres, which can be flat or circular, typically make up one to three percent of the total volume of the concrete mix. Steel, synthetic, and natural fibres are a few common types of fibre material; these give concrete more significant impact, abrasion, and shatter resistance. Fiber reinforced concrete is used in a variety of construction projects, including tunnel segments where almost all of the tunnel linings are fibre reinforced, aircraft parking, pavements, walls, manholes, dams, and bridges.
The Concrete Fibers Market - Growth Factor
Since concrete fibre offers many advantages over conventional concretes, such as better cohesion in the fresh concrete, higher flexural and shear strengths, improved load capacity and flexibility, increased abrasion resistance, advanced fire resistance, and the potential to reduce CO2, the market for concrete fibre is anticipated to grow. In the building and construction industry, carbon, steel, glass, natural and synthetic fibre are primarily used in a variety of application areas. For instance, the world's first building made of carbon-fiber reinforced concrete construction was started in Germany, and it consisted of two parts: a precast box and a twist, a double-curved roof that is made possible by the lighter-weight and more flexible composite.
The Concrete Fibers Market – Market Trends
• Due to concrete fiber's advantageous characteristics, particularly for sectors like building & construction and transportation, the global market for concrete fibre is anticipated to expand significantly during the forecast period.
• Government funding and initiatives as well as the adoption of new production methods that reduce product costs are predicted to boost the concrete fibre market in the near future.
• During the forecast period, the concrete fibre market is anticipated to be driven by an increase in urbanisation around the world and a rise in the use of concrete fibre in the building and construction industry.
The Concrete Fibers Market– Segmentation
The Concrete Fibers Market fragrance concentrates market has been sub-classified into fiber type, application.
On the basis of fiber type, the Concrete Fibers Market is bifurcated into:
• Steel fiber
• Synthetics fiber
• Glass fiber
• Natural fiber
• Others
On the basis of application, the market is segmented into:
• Infrastructure- highways, bridges, railways
• Building and construction- residential, non-residential
• Mining and tunnel
• Industrial
• Others
The Concrete Fibers Market –Regional Analysis
North America dominated the global Concrete Fibers Market, for more than 32% of the market for concrete fibres worldwide in 2021. One of the major markets for concrete fibre in North America is the United States. Because more synthetic fibres and steel fibre concrete are being used in the nation's various end-use industries, the market for concrete fibre has been expanding.
The Concrete Fibers Market – Key Market players
Global key players of Concrete Fibers Market include Primekss, Sika Group, PPG Industries, BASF SA, DuPont de Nemours Inc., Etex Group, Bekaert Corporation, GCP Applied Technologies, Owens Corning, Euclid Chemical, ABC Polymer Industries and others.
Report scope
Global Concrete Fibers Market: Historical Years- 2018-2021
Global Concrete Fibers Market: Forecast Years- 2022-2030
Global Concrete Fibers Market 2022- USD 1.9 billion
Global Concrete Fibers Market 2030- USD 4.51 billion
Global Concrete Fibers Market CAGR- 9.5%
Quality Assurance Process
- We Market Research’s Quality Assurance program strives to deliver superior value to our clients.
We Market Research senior executive is assigned to each consulting engagement and works closely with the project team to deliver as per the clients expectations.
Market Research Process
We Market Research monitors 3 important attributes during the QA process- Cost, Schedule & Quality. We believe them as a critical benchmark in achieving a project’s success.
To mitigate risks that can impact project success, we deploy the follow project delivery best practices:
- Project kickoff meeting with client
- Conduct frequent client communications
- Form project steering committee
- Assign a senior SR executive as QA Executive
- Conduct internal editorial & quality reviews of project deliverables
- Certify project staff in SR methodologies & standards
- Monitor client satisfaction
- Monitor realized value post-project
Case Study- Automotive Sector
One of the key manufacturers of automotive had plans to invest in electric utility vehicles. The electric cars and associated markets being a of evolving nature, the automotive client approached We Market Research for a detailed insight on the market forecasts. The client specifically asked for competitive analysis, regulatory framework, regional prospects studied under the influence of drivers, challenges, opportunities, and pricing in terms of revenue and sales (million units).
Solution
The overall study was executed in three stages, intending to help the client meet its objective of precisely understanding the entire market before deciding on an investment. At first, secondary research was conducted considering political, economic, social, and technological parameters to get a gist of the various aspects of the market. This stage of the study concluded with the derivation of drivers, opportunities, and challenges. It also laid substantial emphasis on understanding and collecting data not only on a global scale but also on the regional and country levels. Data Extraction through Primary Research
The second stage involved primary research in which several market players and automotive parts suppliers were contacted to study their viewpoint concerning the development of their market and production capacity, clientele, and product line. This stage concluded in a brief understanding of the competitive ecosystem and also glanced through the strategies and pricing of the companies profiled.
Market Estimates and Forecast
In the final stage of the study, market forecasts for the electric utility were derived using multiple market engineering approaches. This data helped the client to get an overview of the market and accelerate the process of investment.
Case Study- ICT Sector
Business process outsourcing, being one of the lucrative markets from both supply- and demand- side, has appealed to various companies. One of the prominent corporations based out of Japan approached us with their requirements regarding the scope of the procurement outsourcing market for around 50 countries. Additionally, the client also sought key players operating in the market and their revenue breakdown in terms of region and application.
Business Solution
An exhaustive market study was conducted based on primary and secondary research that involved factors such as labor costs in various countries, skilled and technical labors, manufacturing scenario, and their respective contributions in the global GDP. A comparative study of the market was conducted from both supply- and demand side, with the supply-side comprising of notable companies, such as GEP, Accenture, and others, that provide these services. On the other hand, large manufacturing companies from them demand-side were considered that opt for these services.
Conclusion
The report aided the client in understanding the market trends, including country-level business scenarios, consumer behavior, and trends in 50 countries. The report also provided financial insights of crucial players and detailed market estimations and forecasts till 2033.
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