Report Description

Forecast Period

2025-2029

Market Size (2023)

USD 1.62 billion

CAGR (2024-2029)

5.77%

Fastest Growing Segment

Steel

Largest Market

North America

Market Size (2029)

USD 2.29 billion





Market Overview

Global Concrete Reinforcing Fiber Market was valued at USD 1.62 billion in 2023 and is anticipated to project robust growth in the forecast period with a CAGR of 5.77% through 2029. Governments around the world are investing significantly in infrastructure development to support economic growth and meet the needs of growing populations. Large-scale projects such as highways, bridges, airports, and public facilities drive the demand for robust construction materials. Concrete reinforcing fibers, offering improved tensile strength and durability, are crucial in ensuring the longevity and resilience of these infrastructure projects.

Key Market Drivers

Growing Construction Activities and Infrastructure Development

The Concrete Reinforcing Fiber Market is witnessing a robust growth trajectory, primarily driven by the surge in construction activities and infrastructure development globally. As economies expand and urbanization accelerates, there is an increasing demand for durable and high-performance construction materials. Concrete, being a fundamental component in construction, has seen a significant rise in usage. To enhance the strength and longevity of concrete structures, there is a growing reliance on reinforcing fibers.

Countries around the world are investing heavily in infrastructure projects, including highways, bridges, airports, and residential complexes. This increased focus on infrastructure development amplifies the demand for concrete reinforcing fibers as they offer superior reinforcement properties compared to traditional methods. These fibers improve the tensile strength, impact resistance, and overall durability of concrete structures, addressing the need for sustainable and long-lasting construction materials.

The trend towards sustainable construction practices further propels the market, as reinforcing fibers contribute to reducing the carbon footprint associated with construction. The emphasis on environmentally friendly building materials aligns with global initiatives for sustainable development, making concrete reinforcing fibers a preferred choice in the construction industry.

Advancements in Fiber Technology and Material Science

The Concrete Reinforcing Fiber Market is benefitting from continuous advancements in fiber technology and material science. Manufacturers are investing in research and development to introduce innovative fibers that offer enhanced performance characteristics. Traditional reinforcing materials, such as steel, are being complemented or replaced by advanced synthetic fibers, including polypropylene, glass, and carbon fibers.

These advanced fibers not only provide superior strength but also exhibit properties such as corrosion resistance, lightweight construction, and improved workability. The versatility of these fibers allows for customization based on specific project requirements, catering to a wide range of applications in construction. Additionally, innovations in manufacturing processes have led to the development of fibers with optimized shapes and surface treatments, further enhancing their compatibility with concrete mixtures.

As the construction industry embraces these technological advancements, the Concrete Reinforcing Fiber Market is poised for sustained growth. The ability of these fibers to address various challenges in construction, such as cracking, shrinkage, and durability issues, positions them as indispensable components in modern construction practices.

Regulatory Initiatives Promoting Fiber Reinforcement

A key driver for the Concrete Reinforcing Fiber Market is the increasing emphasis on building codes and regulations that promote the use of fiber-reinforced concrete. Governments and regulatory bodies are recognizing the benefits of reinforcing fibers in enhancing the structural integrity and longevity of concrete structures. Consequently, they are incorporating guidelines that encourage or mandate the use of these fibers in construction projects.

Stringent building codes often necessitate compliance with standards that require specific performance criteria for construction materials. The use of concrete reinforcing fibers helps builders and contractors meet these standards, ensuring that structures are resilient to environmental factors, seismic activities, and other stressors. This regulatory push acts as a catalyst for the adoption of reinforcing fibers in the construction industry.

The focus on sustainable and eco-friendly construction practices is reflected in regulatory initiatives that favor materials with lower environmental impact. Concrete reinforcing fibers, particularly those made from recycled or renewable materials, align with these objectives. As governments worldwide intensify efforts to promote sustainable construction, the market for reinforcing fibers is expected to experience further growth driven by regulatory support and compliance requirements.


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Key Market Challenges

Resistance to Adoption Due to Perceived High Initial Costs

One significant challenge facing the Concrete Reinforcing Fiber Market is the resistance to adoption by stakeholders in the construction industry due to perceived high initial costs. While concrete reinforcing fibers offer long-term benefits in terms of increased durability and reduced maintenance costs, the upfront expenses associated with incorporating these fibers into construction projects can be a deterrent for some builders and developers.

Traditional construction methods, such as using steel reinforcement, may appear more cost-effective in the short term, as the pricing of reinforcing fibers can be higher. Contractors and project managers often face budget constraints, and the initial investment required for implementing fiber reinforcement may be perceived as a financial burden. This challenge becomes more pronounced in regions where cost considerations play a dominant role in construction decision-making.

Addressing this challenge requires a concerted effort from the industry to educate stakeholders about the long-term economic advantages of using concrete reinforcing fibers. Demonstrating the lifecycle cost benefits, including reduced maintenance, repair, and replacement expenses, can help overcome the resistance to adoption and position reinforcing fibers as a cost-effective choice over the entire lifespan of a structure.

Lack of Standardization and Consistency in Fiber Properties

Another challenge faced by the Concrete Reinforcing Fiber Market is the lack of standardized testing methods and inconsistent properties among different types of fibers. The industry comprises various types of reinforcing fibers, including steel, polypropylene, glass, and synthetic fibers, each with its unique characteristics. However, the absence of universally accepted testing standards for these fibers can lead to inconsistencies in performance expectations.

Builders and engineers rely on standardized testing methods to assess the performance and compatibility of reinforcing fibers with concrete mixtures. The absence of such standards can create uncertainty about the effectiveness of specific fibers in different applications. This challenge is particularly evident when selecting fibers for critical infrastructure projects where uniformity and predictability are paramount.

To overcome this challenge, collaboration within the industry and regulatory bodies is crucial. Establishing standardized testing protocols and performance benchmarks for various types of reinforcing fibers will provide clarity and confidence to construction professionals. This will enable them to make informed decisions based on consistent and reliable data, fostering greater acceptance and adoption of concrete reinforcing fibers across diverse construction projects.

Limited Awareness and Education in the Construction Industry

A significant challenge for the Concrete Reinforcing Fiber Market is the limited awareness and education within the construction industry regarding the benefits and applications of reinforcing fibers. Many professionals in the field, including architects, engineers, and contractors, may not be fully informed about the advancements in fiber technology and the advantages that reinforcing fibers bring to concrete structures.

This lack of awareness can lead to missed opportunities for optimizing construction projects and achieving superior performance outcomes. Professionals may stick to conventional materials and methods due to a lack of understanding of the benefits that reinforcing fibers offer, including improved tensile strength, crack resistance, and enhanced durability.

Addressing this challenge requires comprehensive educational initiatives targeted at professionals in the construction industry. Training programs, seminars, and awareness campaigns can play a pivotal role in disseminating information about the properties and applications of reinforcing fibers. Manufacturers and industry associations can collaborate to create educational materials that highlight successful case studies and showcase the positive impact of reinforcing fibers on construction projects. By increasing awareness and knowledge, the Concrete Reinforcing Fiber Market can overcome this challenge and broaden its market penetration within the construction sector.

Key Market Trends

Growing Embrace of High-Performance Synthetic Fibers

One prominent trend shaping the Concrete Reinforcing Fiber Market is the growing embrace of high-performance synthetic fibers as a preferred choice for concrete reinforcement. Traditional materials like steel have long been a staple in concrete reinforcement, but advancements in material science have paved the way for synthetic fibers, including polypropylene, polyethylene, and aramid fibers, to gain prominence.

High-performance synthetic fibers offer a range of advantages over traditional materials. They exhibit excellent tensile strength, impact resistance, and durability, contributing to improved crack resistance and overall structural integrity of concrete. Moreover, these fibers are non-corrosive, addressing a common concern associated with steel reinforcement, especially in environments where corrosion poses a significant threat.

One notable aspect of this trend is the increasing customization of synthetic fibers to meet specific project requirements. Manufacturers are developing fibers with tailored properties, allowing architects, engineers, and contractors to choose reinforcements that align precisely with the needs of their construction projects. The versatility of high-performance synthetic fibers contributes to their growing popularity across a wide spectrum of applications, including residential, commercial, and infrastructure projects.

As the construction industry continues to prioritize sustainability and seeks alternatives to traditional materials with a lower environmental impact, high-performance synthetic fibers are expected to play a pivotal role in shaping the future of the Concrete Reinforcing Fiber Market. This trend aligns with the broader movement towards green construction practices and the demand for materials that contribute to both structural resilience and environmental responsibility.

Integration of Smart Technologies in Fiber-Reinforced Concrete

An emerging trend in the Concrete Reinforcing Fiber Market is the integration of smart technologies in fiber-reinforced concrete, marking a significant step towards the development of intelligent and responsive construction materials. Smart concrete, reinforced with various types of fibers, is equipped with sensors and monitoring devices that enable real-time data collection on the structural health and performance of a building or infrastructure.

The incorporation of sensors within fiber-reinforced concrete allows for the continuous monitoring of factors such as strain, temperature, and stress. This real-time data can be transmitted to a centralized system, providing valuable insights into the structural condition of the concrete. Engineers and maintenance teams can use this information to assess the structural integrity, identify potential issues, and implement proactive measures to prevent failures or deterioration.

The integration of smart technologies in fiber-reinforced concrete aligns with the broader concept of the Internet of Things (IoT) in construction, where interconnected devices enhance the efficiency, safety, and sustainability of infrastructure. This trend not only improves the overall performance and longevity of structures but also contributes to advancements in predictive maintenance and asset management.

As the construction industry continues to embrace digitalization and smart construction practices, the integration of sensors and monitoring devices in fiber-reinforced concrete is expected to become more prevalent. This trend reflects a forward-looking approach to construction, where technology plays a crucial role in ensuring the resilience and safety of built environments. The Concrete Reinforcing Fiber Market is likely to witness increased demand for smart, sensor-equipped fibers as the industry seeks innovative solutions for optimizing the performance and lifespan of concrete structures.

Segmental Insights

Application Insights

The Building & Construction segment dominated the market in 2023. The global trend of rapid urbanization and increased investment in infrastructure projects is a significant driver for the Building & Construction segment of the Concrete Reinforcing Fiber Market. As urban areas expand and infrastructure needs grow, there is a heightened demand for construction materials that enhance the durability and longevity of structures. Reinforcing fibers, including those used in concrete, are increasingly employed to address these requirements, supporting the overall growth of the market.

The primary driver in the Building & Construction segment is the industry's continuous quest for improved structural performance. Concrete reinforcing fibers enhance the tensile strength, crack resistance, and overall durability of concrete structures. As builders and engineers seek materials that can withstand various stresses, including seismic activity and environmental factors, the demand for reinforcing fibers in construction applications is on the rise.

The Building & Construction segment is witnessing a trend towards the incorporation of environmentally friendly materials, including reinforcing fibers with recycled content. This aligns with global initiatives to reduce the environmental impact of construction activities, and it positions the use of concrete reinforcing fibers as a sustainable choice in building projects. The implementation of stringent building codes and regulatory standards is a significant driver for the adoption of concrete reinforcing fibers in the Building & Construction segment. Many regions and countries have established guidelines that mandate or encourage the use of reinforcing fibers to meet specific performance criteria.

Compliance with these standards becomes a driving force for construction professionals to incorporate reinforcing fibers in their projects, ensuring structures meet regulatory requirements. Continued innovation in fiber technology presents opportunities for the Building & Construction segment. Manufacturers can explore advancements in fiber materials, shapes, and surface treatments to enhance the performance characteristics of reinforcing fibers. Innovation in fiber technology can lead to the development of products that address specific challenges in construction, further expanding the use of reinforcing fibers in the market.

There is a growing opportunity in the Building & Construction segment for manufacturers to offer customized fiber solutions that cater to specific project requirements. Builders and developers are increasingly seeking materials that can be tailored to the unique demands of their projects. Manufacturers that can provide a range of reinforcing fibers with diverse properties and applications stand to capitalize on this trend.


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Regional Insights

North America emerged as the dominating region in 2023, holding the largest market share. In North America, there is a discernible trend towards the adoption of high-performance reinforcing fibers in concrete construction. The demand for materials that enhance structural integrity, reduce cracking, and improve durability has led to the increased use of advanced fibers, including polypropylene and synthetic fibers. The construction industry's focus on building resilient structures aligns with the trend of incorporating innovative reinforcing materials.

Sustainability is a key trend in the North American construction industry, and this is reflected in the use of eco-friendly and sustainable building materials, including reinforcing fibers. Manufacturers are responding to the demand for greener solutions by developing fibers made from recycled materials or those with a reduced environmental impact. The emphasis on sustainable construction practices is expected to continue driving the adoption of reinforcing fibers in the region.

The region's adherence to stringent building codes and regulations is a significant driver for the Concrete Reinforcing Fiber Market in North America. Regulatory requirements often mandate the use of reinforcing fibers to meet specific performance standards, ensuring that structures withstand environmental factors, seismic activity, and other stressors. This regulatory push creates a favorable environment for the adoption of reinforcing fibers in construction projects.

The North American market presents opportunities for manufacturers to capitalize on rapid technological advancements in fiber materials and manufacturing processes. Innovations that improve the properties of reinforcing fibers, such as enhanced strength and flexibility, can gain significant traction in the region. Investing in research and development to deliver cutting-edge solutions can position companies for success in the competitive North American market.

There is an opportunity for collaboration between industry stakeholders, including manufacturers, government agencies, and construction associations, to educate professionals about the benefits of reinforcing fibers. Workshops, training programs, and awareness campaigns can address the limited awareness and knowledge in the market, facilitating broader acceptance and adoption of reinforcing fibers in North American construction projects.

North America is a key player in the Global Concrete Reinforcing Fiber Market, driven by infrastructure development, a focus on sustainability, and regulatory standards. While facing challenges related to cost sensitivity and competition from traditional methods, the region offers opportunities for technological innovation and collaborative efforts to enhance industry education and promote the widespread adoption of reinforcing fibers in the construction sector.

Recent Developments

  • In September 2023, Nuvoco Vistas introduced Duraguard Microfibre, a new line of fiber-reinforced cement designed to enhance durability and strength in construction applications. This innovation represents a significant advancement in building materials, catering to the demand for resilient and sustainable solutions in the industry.
  • In August 2023, Tampa Steel & Supply unveiled its newest offering: FRP Rebar, an innovative fiberglass rebar substitute engineered to deliver unparalleled strength, durability, and resilience against challenging environmental conditions. This introduction marks a milestone in advancing construction materials, meeting the rigorous demands of modern infrastructure projects.

Key Market Players

  • NV Bekaert SA
  • Cemex S.A.B. de C.V.
  • Sika AG
  • ABC Polymer , LLC
  • NYCON Corporation
  • UltraTech Cement Limited
  • FORTA Corporation
  • RPM International Inc.                              

By Product

By Application

By Region

  • Polyethylene
  • Polypropylene
  • Steel
  • Basalt
  • Others
  • Infrastructure
  • Building & Construction
  • Industrial
  • North America
  • Europe
  • Asia Pacific
  • South America
  • Middle East & Africa

 

Report Scope:

In this report, the Global Concrete Reinforcing Fiber Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:

  • Concrete Reinforcing Fiber Market, By Product:

o   Polyethylene

o   Polypropylene

o   Steel

o   Basalt

o   Others       

  • Concrete Reinforcing Fiber Market, By Application:

o   Infrastructure

o   Building & Construction

o   Industrial    

  • Concrete Reinforcing Fiber Market, By Region:

o   North America

§  United States

§  Canada

§  Mexico

o   Europe

§  France

§  United Kingdom

§  Italy

§  Germany

§  Spain

§  Netherlands

§  Belgium

o   Asia-Pacific

§  China

§  India

§  Japan

§  Australia

§  South Korea

§  Thailand

§  Malaysia

o   South America

§  Brazil

§  Argentina

§  Colombia

§  Chile

o   Middle East & Africa

§  South Africa

§  Saudi Arabia

§  UAE

§  Turkey

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in the Global Concrete Reinforcing Fiber Market.

Available Customizations:

Global Concrete Reinforcing Fiber Market report with the given market data, Tech Sci Research offers customizations according to a company's specific needs. The following customization options are available for the report:

Company Information

  • Detailed analysis and profiling of additional market players (up to five).
Global Concrete Reinforcing Fiber Market is an upcoming report to be released soon. If you wish an early delivery of this report or want to confirm the date of release, please contact us at [email protected]

Table of content

1.         Product Overview

1.1.    Market Definition

1.2.    Scope of the Market

1.2.1.Markets Covered

1.2.2.Years Considered for Study

1.2.3.Key Market Segmentations

2.         Research Methodology

2.1.    Objective of the Study

2.2.    Baseline Methodology

2.3.    Formulation of the Scope

2.4.    Assumptions and Limitations

2.5.    Sources of Research

2.5.1.Secondary Research

2.5.2.Primary Research

2.6.    Approach for the Market Study

2.6.1.The Bottom-Up Approach

2.6.2.The Top-Down Approach

2.7.    Methodology Followed for Calculation of Market Size & Market Shares

2.8.    Forecasting Methodology

2.8.1.Data Triangulation & Validation

3.         Executive Summary

4.         Impact of COVID-19 on Global Concrete Reinforcing Fiber Market

5.         Voice of Customer

6.         Global Concrete Reinforcing Fiber Market Overview

7.         Global Concrete Reinforcing Fiber Market Outlook

7.1.    Market Size & Forecast

7.1.1.By Value

7.2.    Market Share & Forecast

7.2.1.By Product (Polyethylene, Polypropylene, Steel, Basalt and Others)

7.2.2.By Application (Infrastructure, Building & Construction and Industrial)

7.2.3.By Region (North America, Europe, South America, Middle East & Africa, Asia Pacific)

7.3.    By Company (2023)

7.4.    Market Map

8.         North America Concrete Reinforcing Fiber Market Outlook

8.1.    Market Size & Forecast

8.1.1.By Value

8.2.    Market Share & Forecast

8.2.1.By Product

8.2.2.By Application

8.2.3.By Country

8.3.    North America: Country Analysis

8.3.1.United States Concrete Reinforcing Fiber Market Outlook

8.3.1.1.      Market Size & Forecast

8.3.1.1.1.    By Value

8.3.1.2.      Market Share & Forecast

8.3.1.2.1.    By Product

8.3.1.2.2.    By Application

8.3.2.Canada Concrete Reinforcing Fiber Market Outlook

8.3.2.1.      Market Size & Forecast

8.3.2.1.1.    By Value

8.3.2.2.      Market Share & Forecast

8.3.2.2.1.    By Product

8.3.2.2.2.    By Application

8.3.3.Mexico Concrete Reinforcing Fiber Market Outlook

8.3.3.1.      Market Size & Forecast

8.3.3.1.1.    By Value

8.3.3.2.      Market Share & Forecast

8.3.3.2.1.    By Product

8.3.3.2.2.    By Application

9.         Europe Concrete Reinforcing Fiber Market Outlook

9.1.    Market Size & Forecast

9.1.1.By Value

9.2.    Market Share & Forecast

9.2.1.By Product

9.2.2.By Application

9.2.3.By Country

9.3.    Europe: Country Analysis

9.3.1.Germany Concrete Reinforcing Fiber Market Outlook

9.3.1.1.      Market Size & Forecast

9.3.1.1.1.    By Value

9.3.1.2.      Market Share & Forecast

9.3.1.2.1.    By Product

9.3.1.2.2.    By Application

9.3.2.France Concrete Reinforcing Fiber Market Outlook

9.3.2.1.      Market Size & Forecast

9.3.2.1.1.    By Value

9.3.2.2.      Market Share & Forecast

9.3.2.2.1.    By Product

9.3.2.2.2.    By Application

9.3.3.United Kingdom Concrete Reinforcing Fiber Market Outlook

9.3.3.1.      Market Size & Forecast

9.3.3.1.1.    By Value

9.3.3.2.      Market Share & Forecast

9.3.3.2.1.    By Product

9.3.3.2.2.    By Application

9.3.4.Italy Concrete Reinforcing Fiber Market Outlook

9.3.4.1.      Market Size & Forecast

9.3.4.1.1.    By Value

9.3.4.2.      Market Share & Forecast

9.3.4.2.1.    By Product

9.3.4.2.2.    By Application

9.3.5.Spain Concrete Reinforcing Fiber Market Outlook

9.3.5.1.      Market Size & Forecast

9.3.5.1.1.    By Value

9.3.5.2.      Market Share & Forecast

9.3.5.2.1.    By Product

9.3.5.2.2.    By Application

9.3.6.Netherlands Concrete Reinforcing Fiber Market Outlook

9.3.6.1.      Market Size & Forecast

9.3.6.1.1.    By Value

9.3.6.2.      Market Share & Forecast

9.3.6.2.1.    By Product

9.3.6.2.2.    By Application

9.3.7.Belgium Concrete Reinforcing Fiber Market Outlook

9.3.7.1.      Market Size & Forecast

9.3.7.1.1.    By Value

9.3.7.2.      Market Share & Forecast

9.3.7.2.1.    By Product

9.3.7.2.2.    By Application

10.      South America Concrete Reinforcing Fiber Market Outlook

10.1. Market Size & Forecast

10.1.1.     By Value

10.2. Market Share & Forecast

10.2.1.     By Product

10.2.2.     By Application

10.2.3.     By Country

10.3. South America: Country Analysis

10.3.1.     Brazil Concrete Reinforcing Fiber Market Outlook

10.3.1.1.   Market Size & Forecast

10.3.1.1.1. By Value

10.3.1.2.   Market Share & Forecast

10.3.1.2.1. By Product

10.3.1.2.2. By Application

10.3.2.     Colombia Concrete Reinforcing Fiber Market Outlook

10.3.2.1.   Market Size & Forecast

10.3.2.1.1. By Value

10.3.2.2.   Market Share & Forecast

10.3.2.2.1. By Product

10.3.2.2.2. By Application

10.3.3.     Argentina Concrete Reinforcing Fiber Market Outlook

10.3.3.1.   Market Size & Forecast

10.3.3.1.1. By Value

10.3.3.2.   Market Share & Forecast

10.3.3.2.1. By Product

10.3.3.2.2. By Application

10.3.4.     Chile Concrete Reinforcing Fiber Market Outlook

10.3.4.1.   Market Size & Forecast

10.3.4.1.1. By Value

10.3.4.2.   Market Share & Forecast

10.3.4.2.1. By Product

10.3.4.2.2. By Application

11.      Middle East & Africa Concrete Reinforcing Fiber Market Outlook

11.1. Market Size & Forecast

11.1.1.     By Value

11.2. Market Share & Forecast

11.2.1.     By Product

11.2.2.     By Application

11.2.3.     By Country

11.3. Middle East & Africa: Country Analysis

11.3.1.     Saudi Arabia Concrete Reinforcing Fiber Market Outlook

11.3.1.1.   Market Size & Forecast

11.3.1.1.1. By Value

11.3.1.2.   Market Share & Forecast

11.3.1.2.1. By Product

11.3.1.2.2. By Application

11.3.2.     UAE Concrete Reinforcing Fiber Market Outlook

11.3.2.1.   Market Size & Forecast

11.3.2.1.1. By Value

11.3.2.2.   Market Share & Forecast

11.3.2.2.1. By Product

11.3.2.2.2. By Application

11.3.3.     South Africa Concrete Reinforcing Fiber Market Outlook

11.3.3.1.   Market Size & Forecast

11.3.3.1.1. By Value

11.3.3.2.   Market Share & Forecast

11.3.3.2.1. By Product

11.3.3.2.2. By Application

11.3.4.     Turkey Concrete Reinforcing Fiber Market Outlook

11.3.4.1.   Market Size & Forecast

11.3.4.1.1. By Value

11.3.4.2.   Market Share & Forecast

11.3.4.2.1. By Product

11.3.4.2.2. By Application

12.      Asia Pacific Concrete Reinforcing Fiber Market Outlook

12.1. Market Size & Forecast

12.1.1.     By Value

12.2. Market Share & Forecast

12.2.1.     By Product

12.2.2.     By Application

12.2.3.     By Country

12.3. Asia-Pacific: Country Analysis

12.3.1.     China Concrete Reinforcing Fiber Market Outlook

12.3.1.1.   Market Size & Forecast

12.3.1.1.1. By Value

12.3.1.2.   Market Share & Forecast

12.3.1.2.1. By Product

12.3.1.2.2. By Application

12.3.2.     India Concrete Reinforcing Fiber Market Outlook

12.3.2.1.   Market Size & Forecast

12.3.2.1.1. By Value

12.3.2.2.   Market Share & Forecast

12.3.2.2.1. By Product

12.3.2.2.2. By Application

12.3.3.     Japan Concrete Reinforcing Fiber Market Outlook

12.3.3.1.   Market Size & Forecast

12.3.3.1.1. By Value

12.3.3.2.   Market Share & Forecast

12.3.3.2.1. By Product

12.3.3.2.2. By Application

12.3.4.     South Korea Concrete Reinforcing Fiber Market Outlook

12.3.4.1.   Market Size & Forecast

12.3.4.1.1. By Value

12.3.4.2.   Market Share & Forecast

12.3.4.2.1. By Product

12.3.4.2.2. By Application

12.3.5.     Australia Concrete Reinforcing Fiber Market Outlook

12.3.5.1.   Market Size & Forecast

12.3.5.1.1. By Value

12.3.5.2.   Market Share & Forecast

12.3.5.2.1. By Product

12.3.5.2.2. By Application

12.3.6.     Thailand Concrete Reinforcing Fiber Market Outlook

12.3.6.1.   Market Size & Forecast

12.3.6.1.1. By Value

12.3.6.2.   Market Share & Forecast

12.3.6.2.1. By Product

12.3.6.2.2. By Application

12.3.7.     Malaysia Concrete Reinforcing Fiber Market Outlook

12.3.7.1.   Market Size & Forecast

12.3.7.1.1. By Value

12.3.7.2.   Market Share & Forecast

12.3.7.2.1. By Product

12.3.7.2.2. By Application 

13.      Market Dynamics

13.1. Drivers

13.2. Challenges

14.      Market Trends and Developments

15.      Company Profiles

15.1.  NV Bekaert SA

15.1.1.     Business Overview

15.1.2.     Key Revenue and Financials 

15.1.3.     Recent Developments

15.1.4.     Key Personnel/Key Contact Person

15.1.5.     Key Product/Services Offered

15.2.  Cemex S.A.B. de C.V.

15.2.1.     Business Overview

15.2.2.     Key Revenue and Financials 

15.2.3.     Recent Developments

15.2.4.     Key Personnel/Key Contact Person

15.2.5.     Key Product/Services Offered

15.3.  Sika AG

15.3.1.     Business Overview

15.3.2.     Key Revenue and Financials 

15.3.3.     Recent Developments

15.3.4.     Key Personnel/Key Contact Person

15.3.5.     Key Product/Services Offered

15.4.  ABC Polymer , LLC

15.4.1.     Business Overview

15.4.2.     Key Revenue and Financials 

15.4.3.     Recent Developments

15.4.4.     Key Personnel/Key Contact Person

15.4.5.     Key Product/Services Offered

15.5.  NYCON Corporation

15.5.1.     Business Overview

15.5.2.     Key Revenue and Financials 

15.5.3.     Recent Developments

15.5.4.     Key Personnel/Key Contact Person

15.5.5.     Key Product/Services Offered

15.6.  UltraTech Cement Limited

15.6.1.     Business Overview

15.6.2.     Key Revenue and Financials 

15.6.3.     Recent Developments

15.6.4.     Key Personnel/Key Contact Person

15.6.5.     Key Product/Services Offered

15.7.  FORTA Corporation

15.7.1.     Business Overview

15.7.2.     Key Revenue and Financials 

15.7.3.     Recent Developments

15.7.4.     Key Personnel/Key Contact Person

15.7.5.     Key Product/Services Offered

15.8.  RPM International Inc.      

15.8.1.     Business Overview

15.8.2.     Key Revenue and Financials 

15.8.3.     Recent Developments

15.8.4.     Key Personnel/Key Contact Person

15.8.5.     Key Product/Services Offered

16.      Strategic Recommendations

17.      About Us & Disclaimer

Figures and Tables

Frequently asked questions

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The market size of the Global Concrete Reinforcing Fiber Market was USD 1.62 billion in 2023.

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The Building & Construction segment by application demonstrated significant dominance in 2023. The Building & Construction segment is propelled by the global trend towards rapid urbanization and increased investment in infrastructure projects. These factors serve as pivotal drivers, fostering growth and demand within the industry.

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North America dominated the market in 2023. There is a growing emphasis on sustainable building practices in the region. Concrete reinforcing fibers contribute to this by enhancing the durability and lifespan of concrete structures, reducing the need for frequent repairs and replacements.

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Regulatory Initiatives Promoting Fiber Reinforcement, Advantages Over Traditional Reinforcement and Technological Advancements are the major drivers for the Global Concrete Reinforcing Fiber Market.

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Srishti Verma

Business Consultant
Press Release

Concrete Reinforcing Fiber Market is expected to grow at a CAGR of 5.77% through 2029

Jul, 2024

Concrete Reinforcing Fiber Market is expected to grow owing to ongoing advancements in fiber technology & material science and Growing Construction Activities & Infrastructure Development throughout