Sep 26 2015
Research and Markets has announced the addition of the "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" report to their offering.
The key material types of concrete fibers include synthetic, steel, glass, natural, and basalt fibers. The demand of concrete fibers is expected to be high across industries, such as road industry, construction, industrial, mining, and others.
The concrete fibers market has witnessed significant growth in the recent years, and this growth is projected to persist in the coming years. Concrete fibers due to its characteristic properties such as increased impact & abrasion resistance, and lowered permeability are used in a wide range of end user industries, such as road industry, construction, industrial, and mining applications.
Concrete fiber applications are dependent on requirements in terms of properties and availability of grades from manufacturers. Consequently, companies need to design their products as per the standards specified for various applications.
Currently, Asia-Pacific is the biggest market of concrete fibers, accounting for nearly 44.22% of the total market size in terms of value in 2014. Among all the countries, China dominates the concrete fiber market, which accounted for the maximum market share in 2014 closely followed by the U.S. On the basis of material type, synthetic fibers has the largest market size in terms of value material type of concrete fibers, followed by steel fibers.
On the basis of end-user industry, the concrete fibers market is further categorized into road industry, construction, industrial, mining, and others. The growth in end user-segment is primarily driven by growing road and construction industries, mainly in developing nations.
Increasing demand from developing economies, such as China and India for concrete fibers, and growing population of concrete fibers as compared to other composites are factors that drive the concrete fiber market in the Asia-Pacific region. In contrast to this, high operating costs and lack of required R&D investments and technical knowledge are the key restraining factors hampering the market growth.
The key players of concrete fibers include BASF SE (Germany), Sika Corporation (Switzerland), Propex Global (U.S.), Cemex (Mexico), Fibercon International Inc.(U.S.), The Euclid Chemical Company (U.S.), Bekaert SA (Belgium), Nycon (U.S.), and W.R. Grace and Company (U.S.)