Concrete Fiber Market Worth 2.84 Billion USD by 2020

PUNE, India, August 21, 2015 /PRNewswire/ --

The report "Concrete Fiber Market by Material (Synthetic Fiber, Steel Fiber, Glass Fiber, Natural Fiber, Basalt Fiber), End-Use Industry(Road Industry, Construction, Industrial, Mining, Others), & Region - Global Trends & Forecasts to 2020", published by MarketsandMarkets, The Concrete Fibers: is expected to reach USD 2.84 Billion by 2020, at a CAGR of 7.26% between 2015 and 2020.

Browse 109 Tables and 61 Figures spread through 181 Pages and in-depth TOC on "Concrete Fiber Market"

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The market report defines and segments the Concrete Fiber Market with analysis and forecast of the market size.

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Asia-Pacific - The most dominant region in the concrete fibers market 

The concrete fibers market in Asia-Pacific is one of the fastest-growing markets and is projected to continue domination the near future. Asia-Pacific is also the biggest market for concrete fibers, and accounted for a share of more than 43.40% of the total market share in terms of volume in 2014, which was mainly contributed by China. India is the fastest-growing concrete fiber market in the region owing to growing population, vast economies-developed as well as developing, favorable investment policies, and government initiatives to promote industrial growth.

Synthetic fibers - The largest-type segment in the concrete fiber market 

Synthetic fibers make the largest material-segment of concrete fibers. Asia-Pacific is currently the largest market of synthetic fibers, and accounted for a share of 47.87% of the total market size in 2014. Synthetic fibers allow OEMs (Original Equipment Manufacturers) to customize light-weight and high-temperature resisting fiber materials for various end-use industries, such as road, construction, industrial, and mining.

Mining end-user industry - The fastest-growing market for concrete fibers 

The mining segment is one of the fastest-growing end-use industries of concrete fibers and the trend is expected to continue in the near future. Asia-Pacific is the biggest market for mining industry, and accounted for a share of more than 9.77% of the total market size in 2014.

The U.S. and China are at the forefront of concrete fibers demand while Germany, France, India, Japan, and U.K. are the other key markets. China is the key market in Asia-Pacific, accounting for more than half of the demand for the concrete fibers, followed by India, Japan, and South Korea, where demand is growing at a steady rate. Increase in the demand of and for synthetic fibers, steel fibers, and basalt fibers have been observed in Asia-Pacific due to continued industrialization and growth of the manufacturing sector of the region. The mining segment is projected to be the fastest-growing end-user industry followed by industrial-segment between 2015 and 2020. The concrete fibers market is expected to witness slow growth due to the stagnant market of Europe.

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