The Concrete fiber market Global Industry is projected to grow at a CAGR of 7.0% in terms of volume and 8.2% in terms of value, from 2016 to 2021.
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The concrete
fiber market is growing due to the increasing demand for concrete fiber in
various end-use industries such as building & construction and transport
infrastructure. High operating cost is restricting the growth of the market. High
entry barriers for new players is a major challenge for the concrete fiber
market.
Steel fiber reinforced concrete is the fastest-growing concrete
fiber type. It is widely used in various construction and civil engineering
applications such as industrial floors, pavements, tunneling, and
highways-overlays. Steel fiber reinforced concrete has excellent tensile &
flexural strength, shock & fatigue resistance, ductility, and high
durability which enables it to provide concrete with enhanced toughness and
post-crack load carrying capacity. Steel concrete fiber is used to provide
strength to the concrete. It is widely used in manufacturing foundations and
rebars. The leading companies manufacturing steel concrete fiber include
Bekaert SA (Belgium), BASF SE (Germany), and Sika AG (Switzerland)
The mining & tunnel is the fastest-growing end-use industry segment
of the global concrete fiber market. This is due to the increasing demand of concrete
fibers in underground construction. Concrete fiber is used in tunnel lining and
shafts, slope stabilization, and underground mines applications. Reinforcement
is added to shotcrete to provide some pseudo-ductility as well as post-crack
load bearing capacity, especially in high-deformation applications, such as
those in the mining industry.
Asia-Pacific is the fastest-growing market for concrete fiber, with
countries such as China, India, Japan, South Korea, and others witnessing an
increase in the demand for concrete fiber. Major global manufacturers are
focusing on setting up distribution networks and R&D centers in this
region. In Asia-Pacific, China has been the leading market having accounted for
a share of 55.7% in 2015. There are many domestic players such are Reliance
(India) and Ultratech Cement (India), which market and supply concrete fiber
products globally. The growth in the Chinese market is driven by huge foreign
investments in various concrete fiber end-use industries due to availability of
low-cost labor and raw materials that are accessible at affordable prices.
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