Table of Contents
Historical Data, Premium Insights, Market Dynamic, Analysis and Projection, By Product, Analysis and Projection, By Application, Analysis and Projection, By End-Use, Analysis and Projection, By Regional Analysis, Competitive Landscape, Company Profiles, Market Revenue, Sale & Price Analysis
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According to a research report published by Spherical Insights & Consulting, The Global Fiber Reinforced Concrete Market Size is Expected to Grow from USD 2.572 Billion in 2023 to USD 5.02 Billion by 2033, at a CAGR of 6.92% during the forecast period 2023-2033.
Browse key industry insights spread across 210 pages with 110 Market data tables and figures & charts from the report on the Global Fiber Reinforced Concrete Market Size, Share, and COVID-19 Impact Analysis, By Type (Natural Fiber, Synthetic Fiber, Glass Fiber, Steel Fiber, and Others), By Application (Infrastructure, Building & Construction, and Industrial), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2023 – 2033.
The market for fiber reinforced concrete (FRC) is the industry that produces and distributes concrete that has fiber reinforcement added to improve its structural qualities. These fibers are added to the concrete mix to increase its tensile strength, durability, and crack resistance. They might be composed of steel, glass, natural fibers, or synthetic fibers. Infrastructure projects, building and construction, and industrial applications are just a few of the many uses for FRC. The market for fiber-reinforced concrete is anticipated to increase significantly throughout the forecast period. Increased construction activity in the residential and commercial sectors is to blame for this. Fiber-reinforced concrete has advantages such as increased durability, strength, and flexibility. The material is being used extensively in applications that demand great strength and resistance to cracking, such as sidewalks, driveways, foundations, and bridges. The market for fiber reinforced concrete will also have prospects due to the expansion of infrastructure development projects in developing countries. The government's encouragement of the usage of sustainable building materials through initiatives would also help to boost the market's outlook. However, the market faces challenges such as fluctuating raw material availability, lack of awareness, traditional concrete use, material inconsistency, and quality issues.
The steel fiber segment accounted for the highest share of 34.7% in 2023 and is anticipated to grow at a significant CAGR during the forecast period.
Based on the type, the fiber reinforced concrete market is classified into natural fiber, synthetic fiber, glass fiber, steel fiber, and others. Among these, the steel fiber segment accounted for the highest share of 34.7% in 2023 and is anticipated to grow at a significant CAGR during the forecast period. Steel fiber reinforced concrete (SFRC) is a popular choice for concrete reinforcement due to its higher residual strength, increased impact resistance, and ductility. Its ductile nature allows it to stretch within the concrete matrix before breaking, providing superior toughness properties and resistance to explosive spalling and cracking.
The infrastructure segment accounted for the highest share of 36.7% in 2023 and is expected to grow at a significant CAGR during the forecast period.
Based on the application, the fiber reinforced concrete market is divided into infrastructure, building & construction, and industrial. Among these, the infrastructure segment accounted for the highest share of 36.7% in 2023 and is expected to grow at a significant CAGR during the forecast period. Fiber reinforced concrete is ideal for infrastructure projects due to its high residual strength, impact resistance, and crack control properties. Rapid urbanization and increasing transportation infrastructure demand have increased concrete consumption in sectors like transportation, energy, and communications. Conventional concrete, however, poses durability issues in heavy loads and harsh conditions.
North America is estimated to hold the largest share of the fiber reinforced concrete market over the forecast period.
North America is estimated to hold the largest share of the fiber reinforced concrete market over the forecast period. Leading companies like BASF, W.R. Grace, and Propex Concrete Systems support North America's dominance in the fiber reinforced concrete sector. Demand from the public and private sectors has increased as a result of their vast supply chain network and government investment for infrastructure upgrade projects. The substantial manufacturing capabilities and established technology of regional companies are the reason for the competitive price of fiber reinforced concrete solutions in North America.
Asia Pacific is predicted to have the fastest CAGR growth in the fiber reinforced concrete market over the forecast period. Rapid urbanization, population growth, and rising disposable income are driving investment in construction and infrastructure development in developing nations. China's manufacturing hub for fiber reinforced concrete makes Asia Pacific an attractive destination for import and export, with India and China likely to lead market growth.
Company Profiling
Major key players in the fiber reinforced concrete market include BASF SE, Bekaert, CEMEX S.A.B. de C.V., Sika AG, ABC Polymer Industries, LLC, Nycon Corporation, Ultratech Concrete, Owens Corning, FORTA Corporation, The Euclid Chemical Company, Bajaj Reinforcements LLP, CHRYSO Group, Breedon Group plc, Twintec Group Limited, JCF, and Others.
Recent Development
Key Target Audience
Market Segment
This study forecasts revenue at global, regional, and country levels from 2023 to 2033. Spherical Insights has segmented the fiber reinforced concrete market based on the below-mentioned segments:
Global Fiber Reinforced Concrete Market, By Type
Global Fiber Reinforced Concrete Market, By Application
Global Fiber Reinforced Concrete Market, By Regional Analysis
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