Research Nester published a report titled “Concrete Fibers Market: Global Demand Analysis & Opportunity Outlook 2030” which delivers detailed overview of the global concrete fibers market in terms of market segmentation by type, application, and by region.
Further, for the in-depth analysis, the report encompasses the industry growth indicators, restraints, supply and demand risk, along with detailed discussion on current and future market trends that are associated with the growth of the market.
The global concrete fibers market is anticipated to grow at a CAGR of ~8% over the forecast period, i.e., 2022–2030. The market segmented on the basis of type into natural fiber, synthetic fiber, steel fiber, glass fiber, and others, out of which, the steel fiber segment is estimated gain the largest market share throughout the forecast period, owing to the high strength and low cost of steel fibers, which makes them optimum for construction activities. Based on application, the transportation infrastructure segment is estimated to attain highest growth throughout the forecast period, on the back of increasing demand for strong roads, and bridges, along with government initiatives to improve construction standards in the upcoming years.
The global concrete fibers market is estimated to grow on the back of various advantages of concrete fibers, such as, heat resistance, strength, and high stability, as opposed to concrete. Moreover, concrete is likely to develop cracks and fissures with time due to excessive evaporation or other damages. To fill these cracks, concrete fiber is used excessively, especially in developed countries. Furthermore, improving construction standards, and government concerns to curb accidents caused by poor conditions of roads or buildings, is estimated to boost the market growth.
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Regionally, the global concrete fibers market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region. Out of these regions, the market in North America region is estimated to garner the largest share over the forecast period, owing to the rapid urbanization and increasing construction activities in the countries, such as, Canada, and United States. According to the data by the World Bank, 82.36% of the total population of the North America lives in urban areas, which is expected to increase further. The improving infrastructure is also estimated to boost the market growth.
However, high operational cost of concrete fiber is expected to operate as key restraint to the growth of global concrete fibers market over the forecast period.
This report also provides the existing competitive scenario of some of the key players of the global concrete fibers market which includes company profiling of BASF SE, Sika AG, Propex Operating Company, LLC, Bekaert, ABC Polymer Industries, LLC, Owens Corning, Fibercon International Inc., GCP Applied Technologies Inc., Nycon, and Synthetic Resources, Inc. The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the global concrete fibers market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.
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