PUBLISHER: Bizwit Research & Consulting LLP | PRODUCT CODE: 1261234
PUBLISHER: Bizwit Research & Consulting LLP | PRODUCT CODE: 1261234
Global Concrete Fiber Market is valued at approximately USD 2.2 billion in 2021 and is anticipated to grow with a healthy growth rate of more than 7.80% over the forecast period 2022-2029. A composite material called concrete fibre is created from steel, glass, synthetic, and natural fibres. The shear capacity of reinforced concrete beams is increased, and the fatigue strength is increased, by using this form of concrete. The Concrete Fiber market is expanding because of factors such as escalating demand from building & construction sector, rise in use of reinforced concrete in industrial applications and expansion of railway networks.
According to statista, in year 2019 Construction industry spending worldwide stood at USD 12 trillion which increased to USD 12.9 trillion in year 2021 and it is projected to reach USD 19.2 trillion by year 2035. Thus, rising spending in construction industry is favoring market growth. In addition, synthetic fiber-reinforced concrete is creating lucrative growth opportunities in the market. However, high costs of fiber-reinforced concrete as well as factors such as improper distribution of reinforced concrete and concrete wastage stifle market growth throughout the forecast period of 2022-2029.
The key regions considered for the Global Concrete Fiber Market study include Asia Pacific, North America, Europe, Latin America, and Rest of the World. Asia Pacific dominated the market in terms of revenue, owing to the expanding building and construction industry. Construction of motorways, connecting roads, bridges, high-speed railway tracks, inland waterways constructions, and other projects where concrete fibre is utilised to offer structural integrity and decrease cracking due to plastic shrinkage is booming in countries like China, India, and Australia.. Whereas North America is expected to grow with the highest CAGR during the forecast period, owing to factors such as rising mining activities and rising technological advancement in the region.
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.
The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and Fiber Typeofferings of key players. The detailed segments and sub-segment of the market are explained below.
List of tables and figures and dummy in nature, final lists may vary in the final deliverable
List of figures
List of tables and figures and dummy in nature, final lists may vary in the final deliverable