The report is titled ‘Concrete Fibers Market: Future Opportunities and Trend Analysis 2022-2028’. The report highlights insights into the current market scenario, key expectations, and future trends and expectations from the market. The concrete fibers market is expected to register impressive growth in the near future due to growing petrochemical industries and growing impetus to enhance the infrastructure development worldwide, higher penetration in various end-user industries, and booming demand of non-corrosive materials in the times of thriving urbanization.
In 2021, global concrete fibers market was valued at US$ 2,015.6 Mn and expected to grow significantly at a CAGR of 8.9% over the forecast period.
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Concrete Fibers Introduction
Concrete is an essential component of any construction project, either it is building roads, a ground floor in the residential house, or a power plant. This is due to the fact that concrete is extremely durable, but it can be compliant to cracks and ruptures as subsoil frosts and fluxes, if it moves, or if tree roots press upward on the concrete. This can be a vital issue for construction projects, as cracks and fractures give rise to expensive repairs and could trigger catastrophe. Reinforced concrete comes into the picture as the great solution to this problem. Concrete is reinforced when it has appropriate fibers in the blend to strengthen its ductility and toughness. Unlike non-reinforced concrete that is likely to break up when it cracks and fractures, reinforced fiber concrete will hold its structural integrity, as it is fastened together by these fibers when a split forms. The fiber reinforced concrete holds a major role when high tensile strength and decreased corking is required.
Moreover, it enhances the impact strength of concrete, restricts the crack development and paves the way to a greater strain capacity of the composite material. Other than that, fibers for concrete are available in various shapes and sizes. The primary factors that are majorly influencing the attribute of fiber-reinforced concrete are a percentage of fibers, water-cement ratio, and length and diameter of fibers. In such a way, fiber-reinforced concrete has been swiftly developing all across the building industry since homeowners and building contractors began to discern and acknowledge its numerous advantages.
Furthermore, fiber reinforced concrete is achieving a rising intrigue and curiosity among the concrete commune for the decreased construction labor costs and time. Along with cost concerns, quality issues are of significant importance for construction and fiber-reinforced concrete further satisfies these needs as well.
Concrete Fibers Market Dynamics – Growing impetus to enhance the infrastructure development worldwide
The term infrastructure speaks about the fundamental physical systems of a business, region, or an entire nation. These systems are likely to be capital intensive and high-end investments, and are essential to a nation’s prosperity and economic development. The infrastructure is significant for rapid economic growth and relief from problems like poverty in the nation. The efficient infrastructure along the lines of road and railway transport system, power, ports, airports and their effective functioning is also required for integration of the nation’s economy with other economies of the world.
There has been growing impetus from governments and authorities all over the world to enhance the infrastructure worldwide for the betterment of the economy of the nation. The number of global infrastructure projects even continued to grow in the year 2020, in the face of COVID-19 pandemic as part of the efforts to encourage the worldwide economic recovery. According to the government and the official figures, the global infrastructure projects are estimated to structure the rock bottom of plans for economic recovery from the COVID-19 pandemic.
Moreover, in the year 2020, more than 2,500 worldwide infrastructure projects were proclaimed — which was a rise of 5.5 percent from 2019. More than a half of which were classified as sustainable infrastructure projects, such as solar and wind power. Such factors are projected to thrust the market growth of concrete fiber over the years.
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Concrete Fibers Market Segmentation
The global concrete fibers market is segmented on the basis of product type, application, grade, end use, and region.
- Synthetic Concrete Fiber
- Steel Concrete Fiber
- Glass Concrete Fiber
- Natural Concrete Fiber
- Basalt Concrete Fiber
By End User:
- Transport Infrastructure
- Ports & Airports
- Building & Construction
- Mining & Tunnel
- Shafts and Tunnel lining
- Slope Stabilization
- Underground Mining
- Industrial Flooring
- North America
- Latin America
- Asia Pacific
- Middle East
Concrete Fibers Market Key Players
Some of the key participating players in the global concrete fibers market are NV Bekaert SA, BASF SE, Sika AG, ABC Polymer Industries, LLC, Cemex SAB de CV ADR, Fibercon International Inc., Nycon Corp., The Euclid Chemical Company, Owens Corning, GCP Applied Technologies Inc., and Teijin Aramid B.V
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