Concrete Fibers Market - Historic Data (2019-2024), Global Trends 2025, Growth Forecasts 2037
Concrete Fibers Market in 2025 is evaluated at USD 2.52 billion. The global market size was over USD 2.36 billion in 2024 and is expected to grow at a CAGR of over 8.4%, surpassing USD 6.73 billion by 2037. Asia Pacific is projected to reach USD 3.75 billion by 2037, impelled by rising transportation infrastructure projects in China and India.
The market growth is impelled by growing usage of concrete fibers in domestic construction for footings of minor dwellings and the construction of bridges, dams and stadiums. Moreover, growing demand for vehicles will fuel the concrete fibers market revenue. 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.
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 |
2024 |
|
Forecast Year |
2025-2037 |
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CAGR |
8.4% |
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Base Year Market Size (2024) |
USD 2.36 billion |
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Forecast Year Market Size (2037) |
USD 6.73 billion |
|
Regional Scope |
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Concrete Fibers Segmentation
Type (Natural Fiber, Synthetic Fiber, Steel Fiber, Glass Fiber)
The synthetic fiber segment share in the concrete fibers market is estimated to cross 33% by 2037, 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 use of synthetic fibers reinforced with concrete to be used for floor applications will boos the market revenue. Additionally, exterior ground-supported pavement slabs can be built using synthetic fiber-reinforced concrete.
Application (Construction, Transportation, Infrastructure, Mining)
The infrastructure segment in the concrete fibers market is set to account for substantial share by 2037, 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 expansion. 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:
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Type |
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Application |
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Customize this ReportConcrete 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 2037, impelled by 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.
North American Statistics
North America concrete fibers market is anticipated to grow at substantial growth rate till 2037, owing to 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.
Companies Dominating the Concrete Fibers Landscape
- 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: Rajrani Baghel
- Report ID: 3344
- Published Date: Apr 18, 2025
- Report Format: PDF, PPT
