Selbyville, Delaware, Aug. 29, 2019 (GLOBE NEWSWIRE) --
The concrete fiber market revenue is poised to reach a valuation of $2.8 billion by 2025, according to a 2019 Global Market Insights, Inc. report. Growing demand of commercial infrastructure in Asia Pacific and Europe, such as hotels, offices, airports, industrial floorings for manufacturing and industrial, will be the prime driver for the market demand over the forecast period.
Concrete fibers are used as secondary reinforcement to control the plastic shrinkage and avoid the further propagation of cracks, by keeping structural integrity intact in concrete matrix. New concrete microfibers are also able to provide primary reinforcement. However, the higher product cost will be major hindrance of product demand. With adoption of advanced construction practices and awareness, the concrete fiber market is expected to be overcome in near future.
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Among the product segment, synthetic fibers will account for over 65% revenue share in the global concrete fiber market. Synthetic fabrics such as polypropylene and their blends with steel fibers are popularly used owing to their wide range of aspect ratio, materials, design and higher tensile & compressive strength rendered to the concrete.
Applications of concrete fibers are extensive and slabs on grade occupied the largest share of around 30% in 2018. It largely includes industrial flowing slabs, prepared with in-situ method. They are added on spot to lower the crack propagation developed due to the heavy machinery loads. Precast application holds the second spot were the concrete fibers are increasing being used to make cast structurers used in fast infrastructure construction. This application segment is likely to exhibit highest growth trends on account of their ability of efficiently reduce construction time.
Browse key industry insights spread across 218 pages with 305 market data tables & 25 figures & charts from the report, “Concrete Fiber Market Size By Product (Steel Fibers, Synthetic Fibers [Polypropylene, Nylon, Polyester], Glass Fibers, Natural Fibers, Basalt Fibers), Application (Pavement, Shotcrete, Precast, Slabs On Grade, Composite Metal Decks), End-user (Residential, Industrial & Commercial Infrastructure, Roads & Bridges), Industry Analysis Report, Regional Outlook, Growth Potential, Price Trends, Competitive Market Share & Forecast, 2019 – 2025” in detail along with the table of contents:
https://www.gminsights.com/industry-analysis/concrete-fiber-market
Industrial & commercial infrastructure is projected to hold the largest share of over 35% among the end user segment in 2025. Adoption of new construction practices coupled with increasing infrastructural need of economies such as China, Italy, and Australia will be the prime reason for the growing product demand.
Over last few years, product demand is observed to be highest from economies of Europe and Asia Pacific such as Italy, U.K, France, China, Australia, Japan etc. By 2025, Asia Pacific will account for over 40% in the concrete fiber market. Product demand in Australia is projected to grow from mining sector for shotcrete applications. With lower interest rates coupled with growing investment in Europe is likely to contribute significantly in growth over the forecast period.
Global concrete fiber market is largely fragmented with presence of large number of medium sized players. However, companies such as Sika Corporation, BASF, Bekaert SA, Euclid Chemical, Arcelormittal, GCP Applied Technologies, Inc., held majority share in 2018 in the market.
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Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.