Global Concrete Reinforcing Fiber Market – Industry Trends and Forecast to 2029

Global Concrete Reinforcing Fiber Market, By Product (Polyethylene, Polypropylene, Steel, Basalt, Natural Fiber, Synthetic Fiber, Glass Fiber, Others), Application (Infrastructure, Residential and Commercial, Mining and Tunnel, Building and Construction, Industrial)– Industry Trends and Forecast to 2029

Market Analysis and Size

Concrete reinforcing fiber is not a new conception. Subsequently biblical times, fibers were used in cementing construction resources in the form of horse hair and straw. Nowadays, there are a huge variety of fiber options for reinforcing concrete which is available in the market. These include steel and blended fibers, macro and micro synthetic fibers. Due to various options it can be difficult to choose exactly what fiber is required for a given application.  Examples of existing applications utilizing Concrete reinforcing fiber include composite metal deck, ground supported slabs, and pile supported slabs, bridge decks, mat slabs, pavements, tunnel panel segments and several precast applications

Data Bridge Market Research analyses that the concrete reinforcing fiber market was valued at USD 2.59 billion in 2021 and is expected to reach USD 4.13 billion by 2029, registering a CAGR of 6.00 % during the forecast period of 2022 to 2029. The market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, patent analysis and technological advancements.     

Report Scope and Market Segmentation

Market Definition

Fiber reinforcing fiber concrete is a concrete which is primarily made up of aggregates, hydraulic cements, and discrete reinforcing fibers. Fibers are appropriate for reinforcing concrete which have been manufactured from glass, steel, and organic polymers (synthetic fibers). Naturally occurring vegetable fibers and asbestos fibers, such as jute and sisal are also used for reinforcement. The concrete bases may be normally proportioned mixtures, mortars, or specially formulated for a specific application. If it is properly planned, then gained the greatest benefits by using fiber reinforcement which improved long-term serviceability of the product or structure.

Global Concrete Reinforcing Fiber Market Dynamics

Drivers

• Rising demand of steel fiber reinforced concrete

Increasing demand for steel fiber reinforced concrete for producing pipes, tunnel linings, and septic tanks is expected to drive the demand of concrete reinforcing fibre during projected period. Moreover, these fibers are also used for repairing existing pavements to decrease smoothen riding surface, thickness, and improve the effect of resistance which increase the demand of product

• Flourishing Residential Construction Region

The concrete reinforcing fibers are an ultimate component for use in concrete as it decreases cracks widths whilst and shrinkage crack formation also rising performance in fire resistance and energy absorption Thus, its demand is on an increase from the residential construction sector. The residential construction sector is flourishing, mostly driven by the government’s efforts to sustain the growing population's demand.

• Growing Commercial Construction Sector

Concrete reinforcing fibers are mainly used in the commercial construction segment in applications such as floorings, basements, foundations, grade slabs, and walls due to their useful properties such as permeability reduction crack and management in several structures. This factor will also expected to increase the demand of concrete reinforcing fibre in commercial construction industry,

Opportunities

• Increasing number of product innovations

The growth of advanced polyethylene reinforcing fiber which provides higher profits compared to the polypropylene and steel products is the most emerging trends in the market. Rising investment in R&D for the production of advanced high strength fiber is projected to profit the market growth during forecast period.

• Rise the demand of eco-friendly fibre

Basalt fibers are the one of the concrete reinforcing fibre. Basalt fibre are eco-friendly due to which increase the adoption in developed economies so this factor will  anticipated to increase the demand of product in the market

Restraints/ Challenges

Polyester and polypropylene are the main raw materials of concrete reinforcing fiber which is used for the manufacturing of the product meant for several construction applications. In the last few years, there has been volatility in the cost of crude oil. The cost of crude oil has decreased and increased during forecast period according to the BP Statistical Review of World Energy. And due to the uncertainty in crude oil rates, the cost of concrete reinforcing fibers also upsurges. Due to fluctuations in crude oil prices are expected to affect the raw material prices, thus impacting the overall price of concrete reinforcing fiber and obstructing industry growth.

This concrete reinforcing fiber market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the concrete reinforcing fiber market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

COVID-19 Impact on Global Concrete Reinforcing Fiber Market

Covid-19 is anticipated to spell uncertainty for the construction industry. During Covid-19 epidemic the commercial sector is mainly affected by a change in customer sentiment. The industry is dealing with broader systemic changes to e-commerce and the expected change to homework, reducing demand for innovations in city-center offices and further diverting retail spending from high streets to online. Due to these reasons the construction yield has considerably fallen during the pandemic. Besides, manufacturers are anticipated to be decrease demand of raw material orders due to a main effect on the logistics industry due to the lockdown in the COVID-19 area. All these issues are hindering the concrete reinforcing fiber industry growth during the pandemic.

Recent Development

• In September 2020, GCP Applied Technologies Inc. launched the new mobile app solution for STRUX 90/40 macro synthetic fibers which was Version 2.0, this is use in different concrete applications.

Global Concrete Reinforcing Fiber Market Scope

The concrete reinforcing fiber market is segmented on the basis of products and application. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Products

• Polyethylene
• Polypropylene
• Steel, Basalt
• Natural Fiber
• Synthetic Fiber
• Glass Fiber
• Others

Application

• Infrastructure
• Residential
• Commercial
• Mining and Tunnel
• Building and Construction
• Industrial

Global Concrete Reinforcing Fiber Market Regional Analysis/Insights

The concrete reinforcing fiber market is analysed and market size insights and trends are provided by country, products and application as referenced above.

The countries covered in the concrete reinforcing fiber market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.

Asia-Pacific dominates the concrete reinforcing fiber market in terms of market share and revenue during the forecast period. This is due to the increasing demand for concrete reinforcing fiber in this region. The Asia-Pacific region dominates the concrete reinforcing fiber market, with China leading due to the growing demand from the infrastructural sector and increase in consumption of concrete reinforcing fiber. Due of the ease of higher demand of concrete reinforcing fiber, China is leading the Asia-Pacific market.

During the projected period, North America is anticipated to be the fastest developing region due to the rising development of marine structures such as bridges and tunnels. And growing number of the construction projects in this region.

The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.   

Competitive Landscape and Global Concrete Reinforcing Fiber Market Share Analysis

The concrete reinforcing fiber market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to concrete reinforcing fiber market.

Some of the major players operating in the concrete reinforcing fiber market are:

• Fibercon International Inc (US)
• Sika AG (Switzerland)
• ABC Polymer Industries LLC (US)
• Bekaert (Belgium)
• FORTA Concrete Fibre (US)
• GCP Applied Technologies Inc (US)
• Nycon (US)
• CEMEX S.A.B. de C.V (Mexico)
• Owens Corning (US)
• The Euclid Chemical Company (Canada)
• Grace (US)
• Propex Operating Company, LLC.(US)
• BASF SE (Germany)
• Ultratech Cement (India)
• U.S. Concrete, Inc (US)
• KrampeHarex GmbH & Co. KG (Germany)
• BAUTECH sp. z o.o (Poland)
• Ganzhou Daye (China)
• Fabpro Polymers (US)