Global Concrete Fiber Market Segmentation by Type (Synthetic Fiber, Steel Fiber, Glass Fiber, Natural Fiber, Basalt Fiber), by End-Users (Transport & Infrastructure, Building & Construction, Mining & Tunnel, Industrial Flooring), by Region (North America, APAC, Europe, MEA& Africa, South Africa).
Fibre concrete (FC) is cementing concrete mixture with randomly distributed small fibres. Fiber concrete consist of a number of small fibres are dispersed and distributed randomly in the concrete at the time of mixing, and thus improve concrete properties in all directions. Various factors such as rising population coupled with rapid urbanization and industrialization driven by the increased construction spending, corrosive and light weight construction material, increasing government and private investment in various infrastructure projects are driving the market growth over the forecast period.
However, high cost pertaining to Fibre concrete (FC) and stringent environment regulations are restraining the market growth over the forecast period.
Global Concrete Fiber Market is segmented by type, by end-user, and by region. By type, synthetic fiber held the highest market share in 2019 and is expected to keep its dominance over the forecast period owing to the increasing research and development by manufactures to improve product quality synthetic fibers. Synthetic fibers are further sub segmented into polypropylene, polyethylene, and others. Various end user such as transport, building and construction are adopting synthetic polymers as they are easily replaceable to steel, easy to handle.
By geography, North America held the highest market share in 2019 and is expected to keep its dominance over the forecast period. Increasing investment in building and construction projects is mainly driving the market growth in this region. In fighting economic crisis of COVID-19, the Trump led United States government is heavily investing in construction and infrastructure projects. These investments are expected to create lucrative opportunities for construction fiber market in this region. U.S. Concrete Inc is major market player in this region.
Report covers an in-depth analysis of key development, marketing strategies, supply-side and demand side indicators and company profiles of market leaders, potential players, and new entrants. Some of the key players covered in this report are BASF SE (Germany), Sika AG (Switzerland), Propex Global (U.S.), Bekaert SA (Belgium), Owen Corning (U.S.), ABC Polymer Industries (U.S.), UltraTech Cement Limited (India), Owens Corning (US), U.S. Concrete, Inc. (US), GCP Applied Technologies (US) and Forta Corporation (US) among others. These key players operating in this market are adopting various organic and inorganic growth strategies such as merger& acquisitions, joint ventures, collaborations, expansion, new product launches and patent to increase their regional presence and business operations.
Maximize Market Research, a global market research firm with a dedicated team of specialists and data has carried out extensive research about the Global Concrete Fiber Market. The report encompasses the market by different segments and region, providing an in-depth analysis of the overall industry ecosystem, useful for making an informed strategic decision by the key stakeholders in the industry. Importantly, the report delivers forecasts and share of the market, further giving an insight into the market dynamics, and future opportunities that might exist in the Global Concrete Fiber Market. The driving forces, as well as considerable restraints, have been explained in depth. In addition to this, competitive landscape describing the strategic growth of the competitors has been taken into consideration for enhancing market know-how of our clients and at the same time explain Global Concrete Fiber Market positioning of competitors.
Browse the market data Tables and Figures spread through a comprehensive research report and in-depth TOC on “Global Concrete Fiber Market Forecast and Analysis.”
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