Concrete Fiber Market Key Players, Trends, Growth
Opportunities and Industry Forecast till 2023
“The factors that are playing a major role in the growth of
market are growing demand for non-corrosive materials,
upward penetration in end-use industries, and growing
urbanization.”
Global concrete fiber market is expected to grow at a significant CAGR in the upcoming period as the scope and
its applications are rising enormously across the globe. Concrete fiber is also termed as “fiber reinforced
concrete (FRC)”; which comprises a fibrous material that upsurges its structural integrity. It includes short
discrete fibers that are consistently dispersed and are arbitrarily oriented. The fibers may comprise natural
fibers, steel fibers, synthetic fibers, and glass fibers.
The factors that are playing a major role in the growth of market are growing demand for non-corrosive
materials, upward penetration in end-use industries, and growing urbanization. However, the high operating
cost may restrain overall market growth in the years to come. Concrete fiber market is segmented based on
type, end-user, and region.
Basalt fiber, synthetic concrete fiber, natural fiber, steel-concrete fiber, and glass concrete fiber are the types
that could be explored in concrete fiber in the forecast period. The steel concrete fiber sector accounted for the
substantial market share of concrete fiber in 2017 and is estimated to lead the overall market in the years to
come. The reason could be its excellent flexural & tensile strength, high durability, advanced toughness and
post-crack load carrying capacity, and shock & fatigue resistance.
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The market may be categorized based on end-users like mining & tunnel, transport infrastructure, industrial
flooring, building & construction, and others could be explored in concrete fiber in the forecast period. Mining