Rise in demand for concrete fibers from building and construction sector to drive the market

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Reinforced concrete is extensively used in various construction activities. Over two billion tons of reinforced concrete is produced annually across the globe. It has many advantages including lower cost, easy availability of raw materials, higher fire and weather resistance, and higher compressive strength as compared to wood. However, concrete lacks tensile strength and ductility. The global cost incurred due to corrosion of buildings is estimated at US$2.5 Trn annually. The estimated cost incurred to repair corroded infrastructure is US$ 300 Bn annually in the U.S. alone. Synthetic fibers, glass fibers, and steel fibers are used to combat corrosion. Corrosion is a prevalent issue across the globe, which can be overcome with the use of fiber reinforced concrete. Fibers help reduce crack widths within a concrete sample. These cracks cause deterioration of any concrete structure, as they prevent corrosive materials from reaching the rebar. These fibers improve other properties of the concrete such as its ability to induce strain hardening to the areas where the post cracking tensile stress is higher than the tensile strength. 

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In terms of application, the concrete fibers market has been segmented into building & construction, transportation infrastructure, mining, industrial flooring, and others. Transportation infrastructure is anticipated to be a highly attractive segment during the forecast period. However, the segment is anticipated to expand at a sluggish pace during the forecast period.

North America Dominates the Global Concrete Fibers Market

Based on region, the concrete fibers market can be segregated into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America is estimated to be a highly attractive region of the global concrete fibers market during the forecast period. The region held a large share of the global market in 2017. Major manufacturers of concrete fibers are located in North America.

The market in Asia Pacific is anticipated to expand at a rapid pace during the forecast period. Consumption of concrete fibers is expected to be high in the region during the forecast period. Increase in the number of highway projects and rise in investments in the construction sector are major factors that are anticipated fuel the concrete fibers market in Asia Pacific during the forecast period.

High Degree of Competition among Market Players

High degree of competition exists among market players operating in the concrete fibers market. The market is dominated by few big players and is moderately consolidated. Key players operating in the concrete fibers market include Sika Group, BASF SE, Bekaert, GCP Applied Technologies Inc., Owens Corning, ABC Polymer Industries, LLC, Nycon Corporation, Fibercon International Inc., and Synthetic Resources, Inc.

Global Concrete Fibers Market, by Product

·         Synthetic Fibers

·         Glass Fibers

·         Blended Fibers

·         Steel Fibers

·         Basalt Fibers

·         Animal Origin Fibers

·         Cellulose Fibers

Global Concrete Fibers Market, by Application

·         Building & Construction

·         Transportation Infrastructure

·         Mining

·         Industrial Flooring

·         Others (including Sewage Pipes and Dams)

 Global Concrete Fibers Market, by Region

·         North America

    U.S.

    Canada

·         Latin America

    Brazil

    Mexico

    Rest of Latin America

·         Europe

    Germany

    U.K

    France

    Italy

    Spain

    Russia & CIS

    Rest of Europe

·         Asia Pacific

    China

    India

    Japan

    ASEAN

    Rest of Asia Pacific

·         Middle East & Africa

    GCC

    South Africa

    Rest of Middle East & Africa 

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