ID: MRFR/CnM/1553-HCR | February 2021 | Region: Global | 135 pages
It has been marked that the concrete fiber market value has been globally projected to grow at USD 2.38 billion and is expected to reach USD 4.25 billion during the forecast period of 2018-2025. The market is also expected to grow at a CAGR of 8.3% during the forecast period.
These concrete fibers are much more preferred as it shapes the structural integrity. From the market analysis, you know about the insights of the financial statements of all the competitors playing in the market. It highlights the geography by enlightening the product/service in the particular region. By using Porter’s five forces analysis gives a good analysis of the market perspectives. By data triangular procedure parent market size has been estimated. The concrete industry has a very strong potential to cope up with interior and exterior parts of construction and building during the forecast period of 2018-2025.
COVID 19 ANALYSIS
The widespread of COVID had a great impact on the market dynamics, market segment, the value supply chain, and even on public health. The concrete fiber market revenue conditions were hampered and the industry was economically destroyed. The lowering of demand for concrete fibers led to overcapacity. The industry has slowed down its construction but retained its strengthening and sustainability of the market. Due to lockdown rules, this industry was affected thus leading to a production halt. Building and Construction is the largest end-user industry for the production of glass fibers, thus the glass industry was affected. Globally, the production of vehicles has been a hamper that hampered the low-profit margins.
The government has taken steps for wearing masks and using sanitizers. The government took strict actions against those who violated the law.
North America covers the major concrete fiber market share in the whole world. The rising demand for concrete fibers, innovation of new fibers of good quality, and development of application are the factors responsible for marking North America as the most demandable region. Due to the increasing use of fibers and expanding the business, United States is regarded to be the largest consumer country in North American regions.
Asia Pacific regions are expected to be the dominant country like other countries of China, India, Japan, and the South Korean region. This region has become popular due to the presence of global and Rand D centers. China is expected to be the leading region all over the Asia Pacific region. It covers a share of 55.5 %. The Middle East, African, and Latin American regions hold opportunities for expansion of the market.
Some of the major key players that play a great role in driving the market are BASF SE of Germany, Nyon, The Euclid Chemical Company, Owens Corning of United States, Sika AG of Switzerland, Bosfa, Propex Operating Company LLC of United States, ABC Polymer Industries LLC of United States, Helix Steel Dow, and GCP Applied Technologies Inc and many more emphasis on the tools to carry out several strategies to increase the market growth.
From the report section, you can mark the fundamentals of the market dynamics which constitute driving ing factors, challenging factors encompassing the market, opportunities, and the restraints that affect the market growth. It summarises the evaluation of the market data and gives full-fledged research about the concrete fiber market. The report gives qualitative and quantitative information about the market. It summarises the market segmentation which is classified as per the new concrete fibers market trends. It gives insights into the SWOT analysis.
|Forecast Units||Value (USD billion)|
|Report Coverage||Revenue Forecast, Competitive Landscape, Growth Factors, and Trends|
|Segments Covered||Type, and End-Use|
|Geographies Covered||North America, Europe, Asia-Pacific, and Rest of the World (RoW)|
|Key Vendors||UltraTech Cement Limited (India), Sika AG (Switzerland), Owens Corning (US), U.S. Concrete, Inc. (US), GCP Applied Technologies (US), Forta Corporation (US), Fibercon International Inc. (US), The Euclid Chemical Company (US), CEMEX (Mexico), Bekaert (Belgium), and BASF SE (Belgium)|
|Key Market Opportunities||Good road infrastructure provides economic and social benefits to both advanced and emerging economies.|
|Key Market Drivers||The construction of new roadways across the world is expected to boost the demand for concrete fiber|
Frequently Asked Questions (FAQ) :
It gives insights into the market value data for the segments and also for sub-segments. It also gives information about the regions that show proper growth and which dominates the industry.
The concrete market is expected to grow at a CAGR of more than 8% in the next upcoming years. The concrete market overview covers the entire market size analysis.
Asia-Pacific region is expected to project at a high USD during the market forecast period.
COVID has affected public health largely and its long-term effects will serve the industry with huge losses.
Technology has helped to lessen the post-construction repairment expenses which help in improving the infrastructure. These fibers act as microfibre and are helpful in primary reinforcement and are able for replacing the traditional fibers.
Steel fiber is the most preferable product in the entire market segment. This is because of its low costs. Synthetic fiber due to its adoption of advanced microfibre technology in 2018, tends to cover the largest area of market share.
These fibrillated fibers have an extended number of strands
These fibers are categorized based on structural designs, long and short-chain fibers. Synthetic fibers are divided into two types especially myofibrillar and fibrillated fiber.
Based on the end-user industry, the market is segmented based on industrial and commercial segments which cover 30% of the overall cooling fiber market share. The rise in industrial facilities along the Asia-Pacific region rises the growth for using high-quality products. They are used widely in airports, offices, and mining purposes. Urbanization in the Asia-Pacific region steers up the demand for carrying out residential construction in these regions.