Portland, OR, Feb. 15, 2023 (GLOBE NEWSWIRE) -- According to the report published by Allied Market Research, the global concrete fiber market garnered $2.2 billion in 2021, and is estimated to generate $4.8 billion by 2031, manifesting a CAGR of 8.2% from 2022 to 2031. The report provides an extensive analysis of changing market dynamics, major segments, value chain, competitive scenario, and regional landscape. This research offers a valuable guidance to leading players, investors, shareholders, and startups in devising strategies for the sustainable growth and gaining competitive edge in the market.
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Report Coverage & Details:
| Report Coverage | Details |
| Forecast Period | 2022–2031 |
| Base Year | 2021 |
| Market Size in 2021 | $2.2 billion |
| Market Size in 2031 | $4.8 billion |
| CAGR | 8.2% |
| No. of Pages in Report | 437 |
| Segments covered | fiber type, application, and region |
| Drivers | Rapid development of mining and metro tunnels, airports, schools, and hospitals |
| Opportunities | Other applications of synthetic fiber reinforced concrete include all-purpose industrial flooring, power floated flooring, flooring of garages, workshop flooring, and domestic use flooring |
| Restraints | High cost |
Covid-19 Scenario:
- The outbreak of the COVID-19 pandemic had a negative impact on the growth of the global concrete fiber market, owing to implementation of global lockdown which resulted to temporary closure of all construction activities.
- Supply chain was disrupted due to import & export restrictions. Manufacturers faced shortage of labor and unavailability of raw materials.
- However, emerging geographic scenarios is expected to enhance the domestic supply chain, and strong public investments are projected to drive the growth of the global concrete fiber market in the post-pandemic.
The research provides detailed segmentation of the global concrete fiber market based on fiber type, application, and region. The report discusses segments and their sub-segments in detail with the help of tables and figures. Market players and investors can strategize according to the highest revenue-generating and fastest-growing segments mentioned in the report.
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Based on fiber type, the steel fiber segment held the highest share in 2021, accounting for nearly half of the global concrete fiber market, and is expected to continue its leadership status during the forecast period. However, the synthetic fiber segment is expected to register the highest CAGR of 8.5% from 2022 to 2031.
Based on application, the infrastructure segment accounted for the highest share in 2021, contributing to nearly two-fifths of the global concrete fiber market, and is expected to maintain its lead in terms of revenue during the forecast period. However, the mining and tunnel segment is expected to manifest the highest CAGR of 8.9% from 2022 to 2031.
Based on region, Asia-Pacific held the largest share in 2021, contributing to nearly two-fifths of the global concrete fiber market share, and is projected to maintain its dominant share in terms of revenue in 2031. In addition, the same region is expected to manifest the fastest CAGR of 9.1% during the forecast period. The research also analyzes regions including North America, Europe, and LAMEA.
Leading market players of the global concrete fiber market analyzed in the research 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, RPM International Inc.
The report provides a detailed analysis of these key players of the global concrete fiber market. These players have adopted different strategies such as new product launches, collaborations, expansion, joint ventures, agreements, and others to increase their market share and maintain dominant shares in different regions. The report is valuable in highlighting business performance, operating segments, product portfolio, and strategic moves of market players to showcase the competitive scenario.
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Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Allied Market Research CEO Pawan Kumar is instrumental in inspiring and encouraging everyone associated with the company to maintain high quality of data and help clients in every way possible to achieve success. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
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