Concrete Fiber Market Set for Rapid Growth and Trend by 2021

The Concrete Fiber Market Global Industry Report is projected to reach USD 3.09 billion by 2021 at a CAGR of 8.2% from 2016 to 2021.

Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=122792577

Increasing demand of synthetic concrete fiber across various end-use industries such as transport infrastructure, building & construction, and mining & tunnel is driving the global concrete fiber market.

The steel concrete fiber type segment dominates the concrete fiber market. It has excellent tensile & flexural strength, shock & fatigue resistance, ductility, and high durability. These properties enable it to provide enhanced toughness and post-crack load carrying capacity to the concrete. The leading companies manufacturing steel concrete fiber include Bekaert SA (Belgium), BASF SE (Germany), and Sika AG (Switzerland)

The transport infrastructure is the largest end-use industry segment of the global concrete fiber market. This is due to the increasing demand of concrete fibers in the road industry. In transport industry concrete fibers are used to manufacture roads, highways, bridges, railways, and ports & airports.

North America is one of the key concrete fiber markets. Globally, it is the largest market respect to demand as well as product innovation in terms of quality and application development. The U.S. is the largest country in North America and one of the key consumers of concrete fiber, accounting for a major share of the North American concrete fiber market. The country’s concrete fiber market is witnessing growth in demand due to the increasing use and expanding. There are many concrete fiber manufacturing companies like ABC Polymer Industries (U.S.), Cemex (Mexico), Nycon Corporation (U.S.), and Owens Corning (U.S.).

Direct Purchase @ https://www.marketsandmarkets.com/Purchase/purchase_reportNew.asp?id=122792577

The Asia-Pacific is the fastest-growing market, with countries like 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 is the leading market having accounted for a share of 55.7% of the total market share in 2015. There are many domestic players such are Reliance (India) and Ultratech Cement (India), which market and supply concrete fiber products globally.

Although the concrete fiber market is growing at a significant rate, certain factors could hinder market growth. High operating cost is restricting the growth of the market. Obstruction for new players is a major challenge for the concrete fiber market.