Concrete Fibers Market Size & Share, by Type (Natural Fiber, Synthetic Fiber, Steel Fiber, Glass Fiber); Application (Construction, Transportation, Infrastructure, Mining) - Global Supply & Demand Analysis, Growth Forecasts, Statistics Report 2023-2035

  • Report ID: 3344
  • Published Date: Aug 04, 2023
  • Report Format: PDF, PPT

Global Market Size, Forecast, and Trend Highlights Over 2023-2035

Concrete Fibers Market size is expected to reach USD 7 Billion by the end of 2035, growing at a CAGR of 8.5% during the forecast period, i.e., 2023-2035. In the year 2022, the industry of concrete fiber was over USD 2 Billion. The reason behind the growth is impelled by the growing usage of concrete fibers in domestic construction for footings of minor dwellings and the construction of bridges, dams and stadiums.

The growing demand for vehicles is believed to fuel the concrete fibers market growth. As the per capita income of people across the globe is rising more and more people are purchasing vehicles which has also led to a growing need for parking lots that require crack resistant concrete as a reinforcing material.

After experiencing a decline during the pandemic, global auto sales began to rebound, reaching over 66 million units sold in 2021.


Concrete Fiber Market
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Concrete Fibers Sector: Growth Drivers and Challenges

Growth Drivers

  • Growing Demand for Minerals The increased usage of concrete fibers in underground mining and tunnel applications for improving concrete strength and durability. Also, the growing demand for minerals and metals has rushed the mining activities where concrete fiber is extensively used in order to resist crack development in concrete structures.By 2040, the global demand for minerals will increase by over 450%.
  • Rising Government Regulation and Standards- The government in a few regions may enforce stringent regulations for the usage of reinforced concrete in several construction projects.

Challenges

  • Higher Cost – Costs associated with concrete fibers are much higher, since it is more expensive to add 1 1/2 pounds of polypropylene fibers to concrete fibers, costing an additional USD 7 or USD 8 per cubic yard. Also, contrary to the production of plain cement concrete, the mixing, and incorporation of fibers into the cement matrix requires more money and work. This factor may hinder the market growth of concrete fibers.
  • Risk of Corrosion in Steel Type Fibers
  • Environmental Degradation

Concrete Fibers Market: Key Insights

Base Year

2022

Forecast Year

2023-2035

CAGR

~ 8.5%

Base Year Market Size (2022)

 ~ USD 2 Billion

Forecast Year Market Size (2035)

 ~ USD 7 Billion

Regional Scope

  • North America (U.S., and Canada)
  • Latin America (Mexico, Argentina, Rest of Latin America)
  • Asia-Pacific (Japan, China, India, Indonesia, Malaysia, Australia, Rest of Asia-Pacific)
  • Europe (U.K., Germany, France, Italy, Spain, Russia, NORDIC, Rest of Europe)
  • Middle East and Africa (Israel, GCC North Africa, South Africa, Rest of the Middle East and Africa)
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Concrete Fibers Segmentation

Type (Natural Fiber, Synthetic Fiber, Steel Fiber, Glass Fiber)

The synthetic fiber segment is estimated to hold 33%  share of the global concrete fibers market in the coming years impelled by growing usage in floor applications. Since, deformed macro synthetic fiber can be strengthened with concrete to achieve improved stiffness, ductility, impact resistance, and minimal cracking risk. In addition, the main trends in the market are the use of synthetic fibers reinforced with concrete to be used for floor applications. Additionally, exterior ground-supported pavement slabs can be built using synthetic fiber-reinforced concrete. These factors are expected to escalate the market growth.

Application (Construction, Transportation, Infrastructure, Mining)

The infrastructure segment in the concrete fibers market is set to garner a notable share shortly owing to growing highway construction in developing countries such as China, and India. In these countries, concrete fiber is used for the prevention of crack formation and to improve the load-bearing capacity of highways is also expected to boost the market. It is estimated that by 2025, the highway construction sector in India will rise by over 130%.

Our in-depth analysis of the global market includes the following segments:

          Type

  • Natural Fiber
  • Synthetic Fiber
  • Steel Fiber
  • Glass Fiber

          Application

  • Construction
  • Transportation
  • Infrastructure
  • Mining

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Concrete Fibers Industry - Regional Synopsis

APAC Market Forecast

Concrete fibers market in Asia Pacific is predicted to account for the largest share of 55.7% by 2035 impelled by the increase in transportation sector. Countries such as India and China are observing an increase in transportation sector at a rapid rate. Also, as per a report published by International Trade Administration, the focus of China's 14th Five-Year Plan is on new urbanization, energy, water, and transportation infrastructure projects. These factors are boosting the concrete fibers market growth in the region.

North American Statistics

North America is projected to hold the second largest share in the concrete fibers market, owing to the innovations and advancements in the products in terms of quality and application development. This has led to growing demand for concrete fiber in the region. The US is the largest country in North America and one of the key consumers of concrete fiber, accounting for a major share of the market.

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Concrete Fiber Market Size
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Companies Dominating the Concrete Fibers Landscape

top-features-companies
    • Cemex
      • Company Overview
      • Business Strategy
      • Key Product Offerings
      • Financial Performance
      • Key Performance Indicators
      • Risk Analysis
      • Recent Development
      • Regional Presence
      • SWOT Analysis
    • Nycon Corporation
    • Owens Corning
    • BarChip Pty Ltd.
    • ABC Polymer Industries

In the News

  • Owens Corning partnered with Pultron Composites for the production of industry leader fiber reinforced glass rebars. The agreement ensures that companies are committed to the development of more sustainable product solutions and higher performance concrete reinforcement products.
  • ABC Polymer Industries announced the publication of Product Specific Type II Environmental Product Declarations (EPD) for its fiber-reinforced concrete products.

Author Credits:  Smruti Ranjan, Rajrani Baghel


  • Report ID: 3344
  • Published Date: Aug 04, 2023
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

Growing demand for minerals and rising government regulation and standards are driving the market growth.

The market size of Concrete Fibers is anticipated to attain a CAGR of 8.5% over the forecast period, i.e., 2023-2035.

The major players in the market are Nycon Corporation, Owens Corning, BarChip Pty Ltd., ABC Polymer Industries, KMEW Co., Ltd., Taiheiyo Cement Corporation, Nippon Electric Glass Co., Ltd., Nichia Corporation, Shimzu Corporation Limited, Cemex and others.

The synthetic fiber segment is anticipated to garner the largest market size by the end of 2035 and display significant growth opportunities.

The market in the Asia Pacific region is projected to hold the largest market share by the end of 2035 and provide more business opportunities in the future.
Concrete Fibers Market Report Scope
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