& tunnel sector comprises underground mining, shafts and tunnel lining, and slope stabilization. Transport
infrastructure comprises ports & airports, roadways, bridges, highways, and railways. Building & construction
sector comprises non-residential and residential. Whereas, others may comprise waterways and agriculture.
The transport infrastructure sector accounted for the substantial market share of concrete fiber and is estimated
to lead the overall market in the years to come. The reason behind the overall sector growth could be growing
demand for concrete fibers in the road industry and is exclusively used to manufacture airports, roads, railways,
highways, and bridges.
Globally, North America accounted for the substantial market share of concrete fiber and is estimated to lead
the overall market in the years to come. The reason behind the overall market growth could be the high demand
for concrete fiber and the development of enhanced products in terms of application and quality development.
The United States is a major consumer of concrete fiber in this region.
Europe and the Asia Pacific are also estimated to have a positive influence on future growth. Europe is the
second largest region with significant market share. However, Asia Pacific is estimated to grow at the highest
CAGR in the forecast period. The aspects that may be ascribed to the growth comprise increasing R&D centers
and developing distribution networks. The developing countries like India and China are the major consumers
of concrete fiber in this region.
The key players of concrete fiber market are Propex Operating Company, LLC, Bekaert SA, Sika AG, Cemex, and
ABC Polymer Industries. These players are concentrating on inorganic growth to sustain themselves amidst
fierce competition.
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