Concrete Fiber Market to experience an impressive growth of 10.2% during 2020-2025
January 31, 2020
Concrete Fiber Market is likely to witness an impressive CAGR of 10.2% during the forecast period. Increasing consumption of synthetic concrete fiber in various end-use industries, such as building & construction, transport infrastructure, and mining & tunnel is bolstering the growth of the market globally.
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Concrete Fiber Market Segment Insights:
By Type:
Based on the type, the market is segmented as synthetic concrete fiber, steel concrete fiber, glass concrete fiber, natural concrete fiber, and basalt fiber-reinforced concrete. The steel concrete fiber leads the market owing to its exceptional properties, such as shock & fatigue resistance, remarkable tensile & flexural strength, sturdiness, and ductility.
By End-Use Industry Type
Based on the end-use industry type, the market is segmented as transport infrastructure, building & construction, mining & tunnel, industrial flooring, and others. The transport infrastructure segment holds the largest market share. The growth is attributed to the fact that in transport industry concrete fibers are extensively employed to construct highways, roads, railways, bridges, and ports & airports.
By Region:
In terms of regions, Asia-Pacific is estimated to be the fastest-growing market for concrete fiber during the forecast period. China, Japan, India, and South Korea are the growth engines of the region. The market is sustained by high demand for concrete fiber, the presence of global manufacturing giants, and the establishment of R&D centres in the region. North America also offers substantial growth opportunities during the forecast period. It is the largest market and one of the prime consumers of concrete fiber, which in turn, drives the global market.
Key Players:
Some of the major players in the concrete fiber market are Bekaert SA, Propex Operating Company, LLC, Sika AG, ABC Polymer Industries, Cemex S.A.B. De C.V., Fibercon International Inc., BASF SE, Nycon Corporation, The Euclid Chemical Company, Owens Corning, and GCP Applied Technologies.
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- Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
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- Market segment trend and forecast
- Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
- Attractive market segments and associated growth opportunities
- Emerging trends
- Strategic growth opportunities for the existing and new players
- Key success factors
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