Concrete Fiber Market by Fiber Type and Application: Global Opportunity Analysis and Industry Forecast 2019 – 2025

Concrete Fiber Market by Fiber Type and Application: Global Opportunity Analysis and Industry Forecast 2019 – 2025

Concrete fibers, also known as reinforced concrete or fiber-reinforced concrete, are gaining enormous traction throughout the world. This can be majorly attributed to the growing need for and shifting consumer preference towards high-quality infrastructure. Different types of fibers for reinforced concrete are steel fibers, nylon fibers, natural fibers, and polyester fibers, among others.

Reinforced concrete offers a range of benefits such as additional durability and strength along with facilitating enhanced aesthetic appeal. In addition, the materials help to considerably reduce cracking and minimize the risks and effects of shrinking. It is estimated that global concrete fiber market size will be worth USD 2.8 billion by 2025.

Get sample copy of this research report @ https://www.gminsights.com/request-sample/detail/4314

Population growth, rapid urbanization and industrialization

A growing population and the subsequent increase in urbanization particularly in emerging economies across Asia Pacific and the Middle East have accelerated building & construction activities across these regions. Statistically, more than half the world population currently resides in urban areas.

The UN forecasts that 68% of the global population will be living in cities by 2050. Moreover, rapid industrialization has led to increased number of residential and commercial infrastructure development projects across developing regions.

The APAC region makes up around 60% of the world population, which equals nearly 4.3 billion people. APAC countries including China, India and Japan are investing substantially in infrastructure development projects to keep with the escalating rate of urbanization and industrialization.

On the other hand, developed regions such as Europe and the U.S. are focusing on renovation and refurbishment of existing residential as well as commercial buildings and related infrastructure. Robust demand from composite metal decks and pavement applications will offer promising opportunities to concrete fiber manufacturers in the near future.

Experts suggest that the building & construction sector consumes about 36% of the global final energy. Moreover, the sector accounts for around 40% of overall direct and indirect carbon emissions. This power requirement is anticipated to surge over the next few years on account of greater access to energy particularly in developing regions.

Request for customization of this report @ https://www.gminsights.com/roc/4314

Apparently, the UHPFRC offers two additional benefits compared to conventional concrete fibers. The end-product is about 10% lighter and the material minimizes the overall environmental impact by up to 70%. This makes the UHPFRC a more ecofriendly and cost-effective alternative to commonly used reinforced concretes.

Fluctuating raw material costs are anticipated to restrict the industry growth up to certain extent. Higher operational costs and complexities associated with waste management of synthetic fibers may also decelerate the product demand. However, manufacturers are constantly investing in R&D to come up with similar type of environmentally-friendly product innovations which will boost the business outlook in the coming years.

About Global Market Insights

Global Market Insights Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider, offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy, and biotechnology.

 

Contact Us

Arun Hegde

Corporate Sales, USA

Global Market Insights Inc.

Phone: 1-302-846-7766

Toll Free: 1-888-689-0688

Email: [email protected]