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The global concrete fiber market is poised for substantial growth, with a projected value surge from USD 2.33 billion to USD 4.29 billion during the forecast period spanning 2021 to 2030. This growth trajectory is anticipated to maintain a robust compound annual growth rate (CAGR) of 8.4%.
Leading the charge in driving market dynamics are prominent entities such as BASF SE (Germany), Nyon, The Euclid Chemical Company, Owens Corning (United States), Sika AG (Switzerland), Bosfa, Propex Operating Company LLC (United States), ABC Polymer Industries LLC (United States), Helix Steel Dow, and GCP Applied Technologies Inc, among others. These industry stalwarts deploy diverse strategies aimed at amplifying market expansion.
Type: The concrete fiber market is segmented into synthetic concrete fiber, steel-concrete fiber, glass, natural concrete fiber, basalt concrete fiber, and more, with each segment commanding a substantial market share. End-Use Industries: Highly segmented, the concrete fiber industry encompasses transport infrastructure, building construction, industrial flooring, mining, and tunnel construction. Transport infrastructure stands out with a major CAGR during 2021-2030, driven by heightened demand in road, bridge, railway, port, and airport construction projects. Technology: Technological advancements have bolstered resistance to fatigue and shock, enhanced durability and ductility, and augmented tensile strength and toughness. This technological surge has catalyzed demand for fiber-reinforced concrete across various applications, leveraging modern industrial practices that offer cost-effectiveness compared to alternative core materials. Lightweight fibers are now instrumental in producing diverse components, fostering economic shifts within the industry. This technological evolution opens myriad opportunities for the concrete fiber sector, providing an efficient pathway for companies to optimize operations and propel business growth forward.
The global concrete fiber market is poised for substantial growth, with a projected value surge from USD 2.33 billion to USD 4.29 billion during the forecast period spanning 2021 to 2030.
This growth trajectory is anticipated to maintain a robust compound annual growth rate (CAGR) of 8.4%.
Report Code :
RL65643
Published on :
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