The global concrete fiber market revenue was US$ 2.05 billion in 2021. The global concrete fiber market revenue is forecast to reach US$ 4.1 billion by 2030, growing at a compound annual growth rate (CAGR) of 8.4% during the forecast period from 2022 to 2030.
Concrete Fiber Market Status, Trends and COVID-19 Impact Report 2021, Covid 19 Outbreak Impact research report added by Quadintel, is an in-depth analysis of market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends, and strategies for this market. It traces the market’s historic and forecast market growth by geography. It places the market within the context of the wider Concrete Fiber Market , and compares it with other markets., market definition, regional market opportunity, sales and revenue by region, manufacturing cost analysis, Industrial Chain, market effect factors analysis, Digital Evidence Management market size forecast, market data & Graphs and Statistics, Tables, Bar &Pie Charts, and many more for business intelligence. Get complete Report (Including Full TOC, 100+ Tables & Figures, and Chart). – In-depth Analysis Pre & Post COVID-19 Market Outbreak Impact Analysis & Situation by Region
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A release on June 8th, 2021, by the Bureau and Economic Analysis and U.S. Census Bureau reports the recovering of the U.S. market. The report also described the recovery of U.S. International Trade in July 2021.In April 2021, exports in the country reached $300 billion, an increase of $13.4 billion. In April 2021, imports amounted to $294.5 billion, increasing by $17.4 billion. COVID19 is still a significant issue for economies around the globe, as evidenced by the year-over-year decline in exports in the U.S. between April 2020 and April 2021 and the increase in imports over that same period of time. The market is clearly trying to recover. Despite this, it means there will be a direct impact on the Healthcare/ICT/Chemical industries, resulting in a large market for Concrete Fiber.
Concrete Fiber, also called Fiber-reinforced concrete, is concrete containing fibrous materials that make it stronger. Fibers used in concrete control and regulate plastic shrinkage cracking and drying shrinkage cracking. Fiber properties are affected by a number of factors, such as fiber volume, fiber-matrix stiffness, fiber orientation, workability, and compaction.
Factors Influencing Market Growth
In both developed and developing economies, rapid industrialization has propelled the growth of industries that use concrete fiber to enhance the tensile strength of industrial structures. Governments of various countries are continually investing in infrastructure development that uses concrete fiber to redistribute the load, improve tensile strength, and prevent cracking.
These factors are likely to increase concrete fiber sales in the building and construction sector, fueling the global market growth.
Compared to non-fiber reinforced concrete, steel-reinforced concrete is prone to corrosion and has a heavier weight. This factor may inhibit global market growth.
Concrete reinforced with synthetic fibers is also suitable for pavement construction and the construction of externally supported slabs. It is a primary factor forecast to generate new opportunities in the global concrete fiber market.
Impact Analysis of COVID-19
The COVID-19 pandemic had negatively impacted the global concrete fiber market. A rise in COVID-19 infections has forced governments to impose strict lockdowns, which has delayed construction projects. During the pandemic, construction & building revenues decreased. The factors mentioned above have indirectly affected the supply and production of concrete fiber used in construction. In addition, a number of concrete fiber manufacturers have closed their doors or reduced their operations, disrupting the supply chain.
The domestic supply chain has enhanced due to emerging geography, and strong public investments are forecast to drive the growth of the concrete fiber market in the coming years.
As of 2020, the Asia-Pacific concrete fiber market accounted for the largest market share and is forecast to grow at the highest CAGR during the forecast period. The increasing industrial, railroad, and building & construction sectors in Asia-Pacific have boosted concrete fiber’s performance. Chinese businesses have been utilizing concrete fiber to enhance the tensile strength of industrial structures due to the significant growth in domestic consumption and GDP growth.
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The leading prominent companies profiled in the global concrete market are:
ABC Polymer Industries
CEMEX S.A.B. de C.V.
Euclid Chemical Company
FORTA Concrete Fiber
Ozinga Bros. Incorporated
Other Prominent Players
Scope of the Report
The global concrete fiber market segmentation focuses on Fiber Type, Application, and Region.
Segmentation based on Fiber Type
Segmentation based on Application
Ports & Airports
Building & Construction
Mining & Tunnel
Shafts and Tunnel lining
Others (Agriculture and Waterways)
Segmentation based on Region
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Rest of Western Europe
Rest of Eastern Europe
Australia & New Zealand
Rest of Asia Pacific
Middle East & Africa (MEA)
Rest of MEA
Rest of South America
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Key Questions Answered in the Market Report
• How did the COVID-19 pandemic impact the adoption of by various pharmaceutical and life sciences companies?
• What is the outlook for the impact market during the forecast period 2021-2030?
• What are the key trends influencing the impact market? How will they influence the market in short-, mid-, and long-term duration?
• What is the end user perception toward?
• How is the patent landscape for pharmaceutical quality? Which country/cluster witnessed the highest patent filing from January 2014-June 2021?
• What are the key factors impacting the impact market? What will be their impact in short-, mid-, and long-term duration?
• What are the key opportunities areas in the impact market? What is their potential in short-, mid-, and long-term duration?
• What are the key strategies adopted by companies in the impact market?
• What are the key application areas of the impact market? Which application is expected to hold the highest growth potential during the forecast period 2021-2030?
• What is the preferred deployment model for the impact? What is the growth potential of various deployment models present in the market?
• Who are the key end users of pharmaceutical quality? What is their respective share in the impact market?
• Which regional market is expected to hold the highest growth potential in the impact market during the forecast period 2021-2030?
• Which are the key players in the impact market?
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