The growing infrastructure development projects and a focus on eco-friendly building materials to boost the market demand during the forecast period.
WILMINGTON, DE, UNITED STATES, December 19, 2024 /EINPresswire.com/ -- The global concrete fiber market is projected to flourish at a CAGR of 6.2% from 2022 to 2031. As per the report published by TMR, a valuation of US$ 2079.1 million is anticipated for the market in 2031. As of 2023, the demand for concrete fiber is expected to close at US$ 1,364.5 million.The global concrete fiber market is estimated to grow significantly during the forecast period, owing to the favorable properties of concrete fiber, specifically for industries such as building & construction and transportation.
๐จ๐ป๐น๐ผ๐ฐ๐ธ ๐๐๐น๐น ๐ ๐ฎ๐ฟ๐ธ๐ฒ๐ ๐๐ป๐๐ถ๐ด๐ต๐๐: ๐๐ฒ๐ ๐ฎ ๐ฆ๐ฎ๐บ๐ฝ๐น๐ฒ ๐ฅ๐ฒ๐ฝ๐ผ๐ฟ๐ ๐ก๐ผ๐! https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=6269
Concrete fibers are used to construct exteriors and interiors of commercial, residential, and industrial buildings. They are widely deployed in highways, roads, bridges, and pavements. Concrete fibers prevent cracking caused by plastic and drying shrinkage.
The increasing demand for new infrastructure, residential buildings, commercial spaces, and industrial developments worldwide drives the need for stronger, more durable construction materials like concrete reinforced with fibers.
With growing environmental consciousness, there's a push for sustainable construction materials. Some concrete fibers, particularly those made from recycled materials or natural sources, align with sustainability goals, increasing adoption.
Concrete Fiber Market- Competitive Landscape
The global concrete fiber market is highly consolidated, with a small number of large-scale vendors controlling majority of the share. Most of the companies are investing significantly in comprehensive research and development activities, primarily to create environment-friendly products.
Diversification of product portfolios and mergers & acquisitions are key strategies adopted by prominent players.
โข Sika Group
โข BASF SE
โข GCP Applied Technologies Inc.
โข Bekaert
โข Owens Corning
โข ABC Polymer Industries, LLC
โข Synthetic Resources, Inc.
โข Nycon Corporation
โข Fibercon International Inc.
โข The Euclid Chemical Company
โข FORTA Corporation
Key Takeaways from the Market Study
โข As of 2022, the concrete fiber market was valued at US$ 1284.9 million
โข Based on application, the building and construction segment are expected to hold a prominent share of the global concrete fiber market during the forecast period.
โข In terms of product, the steel fibers segment is expected to dominate the global concrete fiber market during the forecast period.
Concrete Fiber Market: Key Trends and Opportunistic Frontiers
โข Manufacturers are using injection molding machines to develop robust concrete fiber products as per specific requirements from clients of different end-use industries.
Key Developments in the Concrete Fiber Market
โข BASF SE offers a range of concrete fiber products and has been active in developing innovative solutions to enhance the performance and sustainability of concrete structures. Their products cater to various industries and construction applications.
โข Sika AG is known for its construction chemicals and materials, including concrete fibers. They focus on providing solutions for high-performance and durable concrete structures, emphasizing the importance of reinforced concrete.
โข Fibercon International specializes in developing and manufacturing synthetic concrete fibers. They offer a wide range of fibers designed to improve concrete's toughness, impact resistance, and durability.
๐๐ถ๐๐ฐ๐ผ๐๐ฒ๐ฟ ๐๐ฒ๐ ๐๐ป๐๐ถ๐ด๐ต๐๐ โ ๐ฉ๐ถ๐๐ถ๐ ๐ข๐๐ฟ ๐ฅ๐ฒ๐ฝ๐ผ๐ฟ๐ ๐ก๐ผ๐! https://www.transparencymarketresearch.com/concrete-fiber-market.html
Concrete Fiber Market โ Key Segments
Type
โข Synthetic Fibers
โข Micro
โข Macro
โข Glass Fibers
โข Blended Fibers
โข Steel Fibers
โข Basalt Fibers
โข Animal Origin Fibers
โข Cellulose Fibers
Application
โข Building & Construction
โข Transportation Infrastructure
โข Mining
โข Industrial Flooring
โข Others (including Sewage Pipes and Dams)
Region
โข North America
โข Latin America
โข Europe
โข Asia Pacific
โข Middle East & Africa
๐ฅ๐ฒ๐น๐ฎ๐๐ฒ๐ฑ ๐ง๐ฟ๐ฒ๐ป๐ฑ๐ถ๐ป๐ด ๐ฅ๐ฒ๐ฝ๐ผ๐ฟ๐๐:
Polycaprolactone Market - The global polycaprolactone market was valued at US$ 485.0 Mn in 2022; it is expected to grow at a CAGR of 9.5% from 2023 to 2031 and reach US$ 1.1 Bn by the end of 2031.
Thermochromic Materials Market - The global thermochromic materials market was valued at US$ 1.5 Bn in 2022; it is estimated to advance at a CAGR of 9.3% from 2023 to 2031 and reach US$ 3.3 Bn by the end of 2031.
๐๐ฏ๐ผ๐๐ ๐ง๐ฟ๐ฎ๐ป๐๐ฝ๐ฎ๐ฟ๐ฒ๐ป๐ฐ๐ ๐ ๐ฎ๐ฟ๐ธ๐ฒ๐ ๐ฅ๐ฒ๐๐ฒ๐ฎ๐ฟ๐ฐ๐ต
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