NEW YORK, Jan. 31, 2017 /PRNewswire/ --
"Upward penetration in end-use industries, increasing urbanization, upsurge in demand of non-corrosive materials, are the factors fueling the concrete fiber market growth, globally"
The market for concrete fiber is projected to grow at a CAGR of 7.0% in terms of volume and 8.2% in terms of value, from 2016 to 2021. The concrete fiber market is growing as the demand for fiber reinforced concrete products is increasing in various end-use industries such as transport infrastructure, mining & tunnel, building & construction, and industrial flooring. High operating cost is restricting the growth of the market. High entry barriers for new players is a major challenge for the concrete fiber market.
"Steel fiber: The fastest-growing type of concrete fiber"
Steel fiber reinforced concrete is widely used in various construction and civil engineering applications such as industrial floors, pavements, tunneling, and highways-overlays. Steel fiber reinforced concrete has excellent tensile & flexural strength, shock & fatigue resistance, ductility, and high durability which enables it to provide concrete with enhanced toughness and post-crack load carrying capacity. Steel fibers used in concrete have equivalent diameters and length ranging from 1.5 mm to 2 mm and 7 mm to 7.5 mm. Also, these are typically added to concrete in low volume dosages (often less than 1%), and have been shown to be effective in reducing plastic shrinkage cracking.
"Asia-Pacific: The fastest-growing market for concrete fiber"
There is an increase in the demand for concrete fibers, especially in the emerging markets such as the Asia-Pacific and Middle East & Africa. In Asia-Pacific, India and China are gradually improving their infrastructure facilities such as roads, bridges, highways, and others. The rapidly growing demand in end-use industry, competitive manufacturing costs, and high economic growth rate favor the growth of the concrete fiber market in the Asia-Pacific region. These factors are attracting companies to make investments and expand their business in this region. The market players are focusing on this region for a higher market share and to increase their profitability.
The information in this study has been validated through primary interviews conducted with various industry experts across the globe. These primary sources have been divided into three categories: by company type, by designation, and by region.
- By Company Type- Tier 1- 57%, Tier 2- 29%, and Tier 3- 14%
- By Designation- C Level- 21%, D Level- 36%, and Others- 43%
- By Region- North America- 8%, Europe- 9%, Asia-Pacific- 50%, South America- 25%, and Middle East & Africa- 8%
The report provides a comprehensive analysis of company profiles, which include:
- Bekaert SA (Belgium)
- Propex Global (U.S.)
- Sika AG (Switzerland)
- ABC Polymer Industries (U.S.)
- Cemex (Mexico)
- BASF SE (Germany)
- Owens Corning (U.S.)
- Fibercon International (U.S.)
- Nycon Corporation (U.S.)
- The Euclid Chemical Company (U.S.)
The report provides qualitative and quantitative description about the type, and end use industries of concrete fiber. Furthermore, the report also includes an in-depth competitive analysis of the key players in the market along with their company profiles, SWOT analysis, recent developments, and key market strategies.