A featured report by Transparency Market Research on the global concrete fiber market looks upon the key factors that are driving the progression of this market across North America, Europe, Latin America, Asia Pacific, and the Middle East and Africa. The factors that will influence the growth trajectory of the market for the 2016-2023 period are assessed herein. The report is titled “Concrete Fiber Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2016 – 2023” and is available for sale on the company’s website. The report overviews the proceedings of this market in terms of product, material, and end use in the aforementioned forecast period.
The report points out that the concrete fiber market will display expansion during the forecast period. Rising urbanization and the flourishing construction sector are the primary reasons cited for this. The increasing entry of new players to cater to the needs of small development projects is also bolstering the growth prospects of this industry.
In concrete mixes, fibers are used to control cracks that occur due to the reduction of plastic and ventilation shrinkage. Concrete fibers are reinforcement materials used due to their favorable mechanical, chemical, and physical properties of high heat resistance, high stability, and massive strength. Concrete fibers are notable for their distinctive optical, mechanical, chemical, and environmental properties and as such the composition of these materials is specific for applications.
Asia Pacific is one of the fastest growing markets for concrete fibers during the forecast period. In 2014, the region held a share of more than 40% in the global market, mainly due to revenue contributions from India, China, and Japan.
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Concrete fibers are utilizable for a host of applications such as mining application, road construction, industrial, and others. Furthermore, with the increasing demand for basalt fibers, which are produced from basalt rocks and have a melting point of 1400 ºC, the demand for concrete fibers is bolstered. However, the high cost of concrete fibers is limiting their use for several applications, which is challenging the market’s growth. Nevertheless, with the use of new technology, innovative concrete mixes with cement, water, and admixtures have been created. These newer concrete fibers are suitable for mining, road construction, and industrial applications.
Some of the key players operating in the global concrete fibers market are Euclid Chemical Company, Nycon Corporation, Cemex, Bekaert SA, Propex Global, Fibercon International Inc., ABC Polymer Industries, W.R. Grace & Co., SIKA AG, and BASF SE, among others.
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