The global concrete fibers market is currently valued at over USD 2,355 million and is expected to surpass USD 3,127 million by 2021, says Technavio.
Technavio has announced its latest market research report on the global concrete fibers market, under its textile, fibers, and composites portfolio. This market analysis discusses the major drivers and key emerging trends and offers an analysis of key vendors like BASF, Bekaert, CEMEX, Propex Operating Company, Sika, and W. R. Grace.
According to Ajay Adikari, a lead analyst for textile, fibers, and composites research at Technavio, “The increase in purchasing power, coupled with a rise in population, is propelling the demand for residential projects across the globe. This rise in the demand for residential and non-residential units is driving growth of the global cement industry, and subsequently the concrete fibers market, during the forecast period.”
The demand for concrete fibers in APAC countries is anticipated to increase owing to growing urbanization, an increase in the demand for low-cost fibers such as natural fibers, and an increase in infrastructure development. The market in APAC will also benefit from the increasing expenditure on the R&D of concrete fibers by fiber-reinforced concrete companies.
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Technological advancements
Technological innovations are expected to contibute to the market penetration of concrete fibers by making them effective in providing better solutions in end-use sectors. Owing to technological advances, the effectiveness of these products in different applications is increasing, and their costs are declining, leading to the growth of the global concrete fibers market. For instance, Sika’s concrete fibers such as SikaFiber PPF-Multi-Length and SikaFiber PPF-50 mm impart strength, toughness, and impact and fatigue resistance to concrete and are non-absorptive, alkali-resistant, and non-corrosive in nature. Similarly, W. R. Grace has also introduced innovative technologies such as Grace MicroFiber and STRUX 90/40, which are being used extensively in the market.
Diversified product portfolio and strategic positioning of R&D centers
A majority of the vendors in the global concrete fibers market have diversified product portfolios, which give customers the opportunity to choose between products. For instance, Sika offers a diverse portfolio of concrete fibers, which includes products such as SikaFiber HP, SikaFiber FN, SikaFiber AC100, SikaFiber Force 650, SikaFiber Force 600, and SikaFiber Force-650S, and others. Major companies in regions such as Europe and North America have their R&D centers in APAC owing to low labor costs and growth opportunities in the region.
This research report includes an in-depth analysis and market shares and sizes of the sub-segments and geography. An analysis of the key companies, including their market shares, business overview, key financials, etc. is provided in this study. This market study also provides a detailed analysis of key drivers, challenges, and opportunities influencing this market.
A more detailed analysis is available in the Technavio report titled, ‘Global Concrete Fibers Market 2017-2021’. Technavio also customizes reports by other regions and specific segments upon request.
Other related reports:
- Global Fiberglass Market for Aerospace Industry 2017-2021
- Global Wind Turbine Composite Materials Market 2017-2021
- Global Fiberglass Electrical and Electronic Products Market 2017-2021
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