Concrete Fiber Market

The global market for concrete fiber reached a value of $2.2 billion in 2021 and is projected to reach $4.8 billion by 2030, with a compound annual growth rate (CAGR) of 8.2% from 2023 to 2030.

Report Key Highlighters:
• The concrete fiber market is dominated by major companies such as Sika AG, BASF SE, Bekaert, Kamenny Vek, Nycon, ABC POLYMER INDUSTRIES, ARCELORMITTAL, and GCP Applied Technologies Inc. The report includes profiles of 17 companies actively involved in concrete fiber production.
• The study provides both qualitative and quantitative analysis for 19 countries across North America, Europe, Asia-Pacific, and LAMEA regions.
• The report covers emerging trends, such as the development of synthetic fiber-reinforced concrete fiber by key manufacturers in various regions and its applications in sectors like mining, building & construction, and others. It also highlights upcoming opportunities in the concrete fiber market.
• Additionally, the report examines key regulations governing the concrete fiber market in North America, Europe, Asia-Pacific, and LAMEA regions, offering insights into the acts and regulations imposed by governments worldwide regarding the manufacturing and sales of concrete fiber.
The concrete fiber market was adversely affected by the COVID-19 pandemic due to its reliance on the construction sector. Strict lockdown measures led to construction project delays. However, the market showed signs of recovery during the last quarter of 2021.

Fiber-reinforced concrete, which includes steel fiber, synthetic fibers, glass fibers, and natural fibers, is a composite material. It enhances the shear capacity of reinforced concrete beams and improves fatigue strength.
Rapid urbanization resulting from a growing population has led to increased government investment in the building & construction sector, particularly in economies like the U.S., China, and India. Infrastructure projects are being developed, and the building & construction sector accounts for a significant portion of foreign direct investment (FDI) inflows.

Concrete fiber finds applications in mining and tunnel projects, where it improves concrete strength, durability, and resistance to shock, fatigue, and crack formation. It is used in tunnel linings and subways to distribute forces within the concrete structure. The demand for minerals and metals has driven mining activities, and concrete fiber is widely used to prevent crack formation in concrete structures. Additionally, governments in both developed and developing economies are constructing tunnels and subways to address traffic congestion, and concrete fiber is utilized to distribute loads in tunnel linings.

Furthermore, concrete fiber is extensively utilized to minimize the formation of cracks in concrete materials. The rapid industrialization has led to the establishment of industries in developed and developing economies, where concrete fiber is employed to enhance the tensile strength of industrial structures. Additionally, governments across different countries are consistently prioritizing infrastructure development, using concrete fiber to redistribute loads, improve tensile strength, and prevent cracks. These factors collectively contribute to the growth of the concrete fiber market, particularly within the building and construction sectors.

Moreover, concrete fiber is employed in industrial structures to provide additional support by enhancing tensile strength, load-bearing capacity, and reducing air voids, among other benefits. It is commonly used in beams, columns, and foundations to resist crack formation by uniformly distributing the load. The demand for concrete fiber has surged due to rapid industrialization in countries like the U.S., China, India, and others, where it is used to enhance the tensile strength and load-bearing capacity of industrial structures.

Fiber-reinforced concrete exhibits higher tensile strength compared to non-reinforced concrete. It enhances concrete durability, impact strength, and reduces crack growth. These factors contribute to the higher cost of concrete fiber compared to non-reinforced or plain concrete. Moreover, the addition of fibers makes concrete heavier and requires more structural support for construction projects. Additionally, concrete fiber may not be suitable for projects where the overall weight of the building structure needs to be minimized. These factors collectively result in customers or construction projects opting for plain (non-reinforced) concrete over concrete fiber, thus impeding the growth of the concrete fiber market.

Furthermore, concrete can be reinforced with micro synthetic and macro-synthetic fibers to achieve enhanced performance. Deformed macro synthetic fibers can improve toughness, ductility, impact resistance, and minimize cracking risks. Synthetic fiber-reinforced concrete, with additional benefits such as surface durability, minimal maintenance cost, and improved shatter resistance, is an ideal material for pavement construction. The use of synthetic fiber-reinforced concrete in flooring applications is a prominent market trend. It can also be utilized in the construction of internal ground structures supported by floor slabs.

Synthetic fiber reinforced concrete finds various applications, including all-purpose industrial flooring, power floated flooring, garage flooring, workshop flooring, and domestic use flooring. It is also suitable for pavement construction and the construction of external ground supported slabs. These factors present lucrative opportunities for the concrete fiber market in the future.

The concrete fiber market is segmented based on fiber type, application, and region. Fiber types include steel fiber, synthetic fiber, glass fiber, natural fiber, and others. The applications covered in the study encompass infrastructure, building & construction, mining & tunnel, industrial, and others. Regionally, the market is studied across North America, Europe, Asia-Pacific, and LAMEA.

Key companies profiled in this report include Sika AG, Cemex S.A.B. de C.V., Ozinga Bros., Inc., HeidelbergCement, TUF-BAR, BarChip Pty Ltd, BASF SE, Bekaert, Kamenny Vek, Nycon, Euclid Chemical Company, Forta Concrete Fiber, ABC Polymer Industries, ArcelorMittal, GCP Applied Technologies Inc., Owens Corning, and RPM International Inc.

During the forecast period, the synthetic fiber concrete fiber market is expected to exhibit the highest compound annual growth rate (CAGR) of 8.5% and accounted for 32.7% of the concrete fiber market share in 2021. A key market trend is the use of synthetic fiber reinforced concrete for flooring applications. It is also suitable for the construction of internal ground structures supported by floor slabs. Other applications of synthetic fiber reinforced concrete include all-purpose industrial flooring, power floated flooring, garage flooring, workshop flooring, and domestic use flooring. Furthermore, synthetic fiber reinforced concrete can be utilized in pavement construction and the construction of external ground supported slabs. Roadways, farmyards, and domestic driveways are additional examples where synthetic fiber reinforced concrete can be employed. These factors contribute to the growing demand for concrete reinforced with synthetic fiber, thereby boosting global demand.

In 2021, the infrastructure segment was the largest revenue generator and is expected to grow at a CAGR of 8.2% during the forecast period. The increasing construction of highways, particularly in countries like China, India, and others, where concrete fiber is used to prevent cracks and enhance the load-bearing capacity, is driving market growth. For instance, according to a report published by India Brands Equity Foundation in 2023, highway construction in India grew at a CAGR of 17.00% from 2016 to 2021. The focus on infrastructure development has attracted domestic and international investments, further fueling the growth of the concrete fiber market for infrastructure applications.

In terms of region, the Asia-Pacific segment dominated the global market in 2021 and is expected to grow at a CAGR of 9.1% during the forecast period. The thriving building and construction sector in countries like China, India, and Australia has significantly contributed to the performance of the concrete fiber market in the Asia-Pacific region. These countries are witnessing rapid growth in the transportation sector, leading to the construction of highways, link roads, bridges, high-speed railway tracks, and inland waterway structures, where concrete fiber is used to provide structural integrity and reduce cracking. For example, according to a report published by the Indian Ministry of Commerce and Industry, the transportation sector in India is projected to grow at a CAGR of 5.9%, driven by the development of highways, railway networks, aviation ports, and waterway structures. This trend is expected to positively impact the concrete fiber market in the Asia-Pacific region.

Moreover, the rise in residential and commercial building and infrastructure projects in countries like India and Japan, where concrete fiber is widely used to enhance structural integrity, is anticipated to fuel market growth. According to a report published by the National Investment Promotion and Facilitation Agency of India, the construction output in India is projected to grow by an average of 7.1% each year, positioning it as the third-largest industry by 2025. This growth trajectory is expected to drive sales of concrete fiber in the Asia-Pacific region.

IMPACT OF COVID-19 ON THE GLOBAL CONCRETE FIBER MARKET
• Furthermore, in 2021, the construction sector accounted for 7.7% of global employment, and it was projected to reach 13.4% by 2023. However, the ongoing COVID-19 pandemic has created significant challenges for workers and led to a decline in revenue from the construction and building sector, which has had a negative impact on the industry. These factors have indirectly affected the production and supply of concrete fiber used in the building and construction sector.
• Nevertheless, emerging geographical scenarios have strengthened domestic supply chains, and substantial public investments are expected to drive the growth of the concrete fiber market. For example, according to an interim report for the 2021 Australian infrastructure plan, the Australian Construction Industry Forum (ACIF) predicts that the construction industry will rebound to pre-COVID-19 levels by 2023-2024, driven by robust public investments. This is anticipated to boost the growth of the concrete fiber market in the post-COVID-19 period.

KEY BENEFITS FOR STAKEHOLDERS
• This report provides a quantitative analysis of market segments, current trends, estimations, and dynamics of the concrete fiber market from 2021 to 2030, enabling stakeholders to identify prevailing opportunities in the concrete fiber market.
• Market research is accompanied by information on key drivers, restraints, and opportunities.
• Porter's five forces analysis highlights the power of buyers and suppliers, aiding stakeholders in making profit-oriented business decisions and strengthening their supplier-buyer networks.
• In-depth analysis of concrete fiber market segmentation assists in determining prevailing market opportunities.
• Major countries in each region are mapped based on their revenue contribution to the global market.
• Market player positioning facilitates benchmarking and provides a clear understanding of the current market position of key players.
• The report includes an analysis of regional and global concrete fiber market trends, key players, market segments, application areas, and market growth strategies.

Concrete Fiber Market Report Highlights
By Fiber Type
• Steel Fiber
• Synthetic Fiber
• Glass Fiber
• Natural Fiber
• Others

By Application
 • Infrastructure
o Type
§ Highways
§ Bridges
§ Railways
§ Others
• Building and Construction
o Type
§ Residential
§ Non-residential
• Mining and Tunnel
• Industrial
• Others

By Region
• North America  (U.S., Canada, Mexico)
• Europe  (Germany, UK, France, Spain, Italy, Rest of Europe)
• Asia-Pacific  (China, India, Japan, South Korea, Australia, Rest of Asia-Pacific)
• LAMEA  (Brazil, Saudi Arabia, South Africa, Rest of LAMEA)

Key Market Players
GCP Applied Technologies Inc., Kamenny Vek, BarChip Pty Ltd, BASF SE, TUF-BAR, Bekaert, RPM International Inc., EUCLID CHEMICAL COMPANY, Nycon, Cemex S.A.B. de C.V., ABC POLYMER INDUSTRIES, Owens Corning, OZINGA BROS., INC., Sika AG, ARCELORMITTAL, FORTA CONCRETE FIBER, HeidelbergCement