The global consumption of Concrete Reinforcing Fiber is expected to rise at a 7.8% CAGR between 2022 and 2032. The global concrete reinforcing fibre market was valued at US$ 2.85 billion at the end of 2021 and is expected to reach US$ 6.41 billion by the end of 2032. The production and sale of fibres used to improve the strength and durability of concrete structures is referred to as the concrete reinforcing fibre market. Steel, synthetic polymers, and natural fibres are some of the materials used to make these fibres.
The demand for sustainable and eco-friendly building materials, as well as the need for stronger and more durable infrastructure, are expected to drive the growth of the concrete reinforcing fibre market in the coming years. However, the market faces a number of challenges, including competition from traditional reinforcement materials and the need for continuous innovation to meet changing customer demands.
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Key Takeaways from Sales of Concrete Reinforcing Fiber Market Study
- Global concrete reinforcing fiber market to reach valuation of US$ 6.41 billion by 2032.
- Market in North America projected to increase at CAGR of 8% over forecast period.
- Market in Europe accounts for 25.8% share of global market.
- Demand for synthetic fiber expected to rise at CAGR of 9.3% from 2022 to 2032.
Key Segments Covered in Concrete Reinforcing Fiber Industry Research
- Concrete Reinforcing Fiber Market by Type :
- Synthetic Fiber
- Steel Fiber
- Glass Fiber
- Natural Fiber
- Basalt Fiber
- Concrete Reinforcing Fiber Market by End-use Industry :
- Transport Infrastructure
- Building & Construction
- Mining & Tunneling
- Industrial Flooring
- Other End-use Industries
- Concrete Reinforcing Fiber Market by Region :
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
Competitive Landscape
The leading suppliers of concrete reinforcing fiber are still concentrating on creating competitively priced alternatives to reinforced fiber.
For illustration:
- The STRUX 90/40 macro synthetic fibers mobile app solution, which can be used in a variety of concrete applications, was released by GCP Applied Technologies Inc. in 2020 as Version 2.0.
Key players in the Basalt Fiber Reinforcing Concrete Market
- Nycon Corporation
- Owens Corning
- FORTA Corporation
- The Euclid Chemical Company
- BASF SE
- Bekaert
-
CEMEX
