Concrete Fibers Market - Growth Drivers and Challenges
Growth Drivers
- Surge in high-rise and prefabricated buildings: Urbanization is enhancing the demand for high-rise and prefabricated buildings. According to the UN, urban populations are expected to reach 69% by 2050. The use of concrete fibers enhances the distribution of loads and mitigates cracking that occurs due to shrinkage in the world of precast segments and vertical structural forms. The Asia Pacific region leads the way with global construction growth projected, with China and India accounting for more than 51% together. As the pace of growth accelerates within the construction sector, developers will increasingly see value in adopting durable build systems in response to ever-increasing standards and structural integrity in megacities.
- Demand for crack control and shrinkage reduction: It is now commonplace to use concrete fibers to control plastic shrinkage and thermal cracking in construction. The American Concrete Institute (ACI) claims that synthetic fibers can eliminate plastic shrinkage cracks by up to 91%. With regulation and governing standards tightening around construction quality and project liabilities across the European continent, with EN 14889 standards introduced to enforce crack control of industrial floors and pavements, the incorporation of fibers into the concrete mix is valuable as the global construction sector demands an ever-greater focus on longevity, reduced maintenance costs, and to meet the temporary life cycle and durability requirements of assets in the residential, commercial, and industrial construction sectors.
Emerging Trade Dynamics and Future Market Prospects
Import & Export Data (Concrete Fibers, 2019-2024)
|
Year |
Exporting Country |
Destination Country |
Shipment Value (USD billion) |
|
2019 |
Japan |
China, Korea, ASEAN |
5.7 |
|
2020 |
Japan |
China, Korea, ASEAN |
4.2 |
|
2021 |
Japan |
China, Korea, ASEAN |
5.1 |
|
2022 |
Japan |
China, Korea, ASEAN |
6.3 |
|
2023 |
Japan |
China, Korea, ASEAN |
6.5 |
|
2024 |
Japan |
China, Korea, ASEAN |
6.8 |
|
2019 |
Germany |
U.S., Canada |
4.0 |
|
2020 |
Germany |
U.S., Canada |
3.2 |
|
2021 |
Germany |
U.S., Canada |
3.7 |
|
2022 |
Germany |
U.S., Canada |
4.9 |
|
2023 |
Germany |
U.S., Canada |
5.1 |
|
2024 |
Germany |
U.S., Canada |
5.4 |
Key Trade Routes
|
Route |
2021 Trade Value (USD trillion) |
% of Global Construction & Infrastructure Trade |
|
Asia-Pacific |
1.90 |
55% |
|
Europe–North America |
0.93 |
27% |
Summary Trend
|
Year |
Global Concrete Fibers Trade Value (USD trillion) |
|
2020 |
3.1 |
|
2021 |
3.3 |
|
2022 |
3.6 |
|
2023 |
3.7 (est.) |
|
2024 |
3.9 (forecast) |
Concrete Fibers Market Overview
Price History & Unit Sales (2019–2023)
|
Year |
North America Avg. Price (USD/ton) |
Europe Avg. Price (USD/ton) |
Asia Avg. Price (USD/ton) |
Global Unit Sales (Million Tons) |
|
2019 |
1,251 |
1,311 |
1,181 |
1.86 |
|
2020 |
1,291 (+3.3%) |
1,341 (+2.4%) |
1,201 (+1.8%) |
1.91 (+2.8%) |
|
2021 |
1,381 (+7.1%) |
1,421 (+6.0%) |
1,381 (+15.1%) |
1.98 (+3.8%) |
|
2022 |
1,451 (+5.2%) |
1,851 (+30.3%) |
1,421 (+3.0%) |
2.05 (+3.7%) |
|
2023 |
1,501 (+3.5%) |
1,881 (+1.7%) |
1,451 (+2.2%) |
2.11 (+3.0%) |
Key Price Factors Impact
|
Factor |
Impact |
Statistical Evidence |
|
Raw Material Costs |
+9–13% |
Polypropylene up 11% YoY |
|
Geopolitical Events |
+31% EU |
Russia-Ukraine conflict |
|
Environmental Regulations |
+6–8% |
Clean Air Act compliance |
Challenges
- Lack of standardization: The absence of a universal standard for dosage, mixing, and placing concrete fibers is hindering its acceptance level. Although ASTM and ACI have guidelines in place, the differences and complexity of the regional code can confuse contractors. The American Concrete Institute (2022 recorded, 42% of U.S. contractors who use fiber were not fully compliant with the fiber standards. These contractors risk inconsistent operational performance and outcomes, as well as inconsistent structural outcomes when defining the installation of fiber-reinforced concrete in their projects. Fiber usage inconsistency, lack of standards, and checklists for compliance limit engineers' desire to specify fibers, restricting market growth.
- Limited awareness among contractors: Many contractors are unfamiliar with the advantages of concrete fiber. An FHWA survey (2022) indicated that only 36% of small- to mid-sized contractors in the U.S. actively use or specify fiber reinforcement. The level of unfamiliarity is also reinforced by limited technical training and alarmingly low levels of curiosity about the implications of placement complexity, upon which fiber advantages are often overlooked. In developing regions, awareness falls below 21%, restricting the potential benefits with wider adoption. Educational initiatives and product demonstrations, when they do occur, do not seem to be enough to inspire rapid market growth beyond major urban infrastructure projects.
Concrete Fibers Market Size and Forecast:
|
Base Year |
2024 |
|
Forecast Year |
2025-2034 |
|
CAGR |
6.9% |
|
Base Year Market Size (2024) |
USD 2.45 billion |
|
Forecast Year Market Size (2034) |
USD 4.69 billion |
|
Regional Scope |
|