What is the future of Concrete Fiber Market? Know Covid Impact on Size, Share & Forecasts
June 30, 2020
The unexpected shifts in the global markets because of the sudden outbreak of the COVID-19 virus have brought many major and minor tremors to industries of all sizes including the Concrete Fiber Market.
It was estimated prior to this unanticipated outbreak that the Concrete Fiber Market was expected to grow at a CAGR of 10.2% during the forecast period. However, the gradual slowing down of industries will undoubtedly impose limits on the previously estimated growth rate.
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Concrete fibers find major use in various end-user industries such as commercial, residential, industrial, and building & construction. Further, fibers enhance tensile strength and toughness in concrete due to which the structural design of the construction is improved by bettering shatter and abrasion resistance.
Concrete fibers are exceedingly used in industries. They include micro-synthetic and macro-synthetic fibers, glass fibers, steel fibers, natural fibers, cellulose fibers, and concrete fiber blends. Micro-synthetic concrete fiber consists of monofilament and fibrillated fibers that are manufactured from polypropylene, polyethylene, polyesters, and nylon, whereas macro-synthetic concrete fiber made from polypropylene reduces the width of cracks. Glass fibers own enormous potential applications in architectural panels.
This report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.
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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.
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.
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.
Features of the Report
This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools.
The Concrete Fiber Market analysis report discusses the following heads in great detail:
- Market structure: Overview, industry life cycle analysis, supply chain analysis
- COVID-19 Impact Assessment
- Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
- Market trend and forecast analysis
- 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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