Global Concrete Fibers Market Key Insights
During the forecast period of 2023-2035, the global concrete fibers market is expected to reach an estimated value of ~USD 5 billion by 2035, by expanding at a CAGR of ~8%. The market further generated a revenue of ~USD 2 billion in the year 2022. Major key factors propelling the growth of concrete fibers market worldwide are the growing construction activities along with increasing urbanization.
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Market Definition of Concrete Fibers
Concrete fibers are composite materials consisting of fibrous material which increases their structural integrity. It includes mixtures of cement, concrete and discontinuous, discrete, uniformly dispersed suitable fibers. The application of concrete fibers can control cracks that occur due to plastic shrinkage and drying shrinkage. Concrete fibers are mainly used to fill cracks in concrete and cover up crevices, and other shortcomings in the building during construction, which cannot be achieved by the concrete itself. Fixing cracks in roads and bridges is one of the primary applications of concrete fibers.

Global Concrete Fibers Market: Growth Drivers
The growth of the global concrete fibers market can majorly be attributed to the constantly growing construction industry in developed countries, with the rising urban population. For instance, it was observed that the construction industry held over 4% of the GDP in the U.S. in 2020. Moreover, increasing urbanization, backed by migration to urban areas, is projected to increase the demand for construction activities, which in turn, is estimated to boost market growth. For instance, as per the data from the World Bank, 56% of the world’s total population lives in urban settlements.
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The global concrete fibers market is also estimated to grow majorly on account of the following:
• Increasing global population resulting in the growing number of residential and commercial buildings
• Rising demand for an affordable alternative to rebar or welded-wire reinforcement
• Growing infrastructural developments such as bridges, tunnels, and others
• Improving construction standards for public places by the government to curb accidents

Global Concrete Fibers Market: Restraining Factor
Concrete fibers tend to be more expensive than ordinary concrete. Also, they are less preferred as they are heavier than non-fiber concrete. Hence this factor is expected to be the major hindrance to the growth of the global concrete fibers market during the forecast period.
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Global Concrete Fibers Market Segmentation
• By Application (Construction, Transportation Infrastructure, Mining, and Others)
The transportation infrastructure segment, amongst all the other segments, is anticipated to garner the largest revenue by the end of 2035. The growth of the segment can be attributed to the growing construction of transportation infrastructure, with increasing construction and repairs of roads and bridges. For instance, it is observed that the highway, street, and bridge construction industry generate more than USD 110 billion each year in the United States.
• By Type (Natural Fiber, Synthetic Fiber, Steel Fiber, Glass Fiber, and Others)
• By Region
The Asia Pacific concrete fibers market is anticipated to hold the largest market share by the end of 2035 among the market in all the other regions. The surge in government initiatives to provide housing facilities to the growing population in several countries, such as Japan, Singapore, China, India, and Hong Kong as well as increasing infrastructural development in the region are some of the major factors anticipated to drive the growth of the market in the Asia Pacific during the forecast period. For instance, as of the 2022 report, China has planned to spend around USD 1 trillion of government funds on infrastructure and other construction projects.
The market research report on global concrete fibers also includes the market size, market revenue, Y-o-Y growth, and key player analysis applicable for the market in North America (U.S., and Canada), Latin America (Brazil, Mexico, Argentina, Rest of Latin America), Asia-Pacific (China, India, Japan, South Korea, Singapore, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia-Pacific), Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC (Finland, Sweden, Norway, Denmark), Ireland, Switzerland, Austria, Poland, Turkey, Russia, Rest of Europe), and Middle East and Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa).

Key Market Players Featured in the Global Concrete Fibers Market
Some of the key players of the global concrete fibers market are BASF SE, Sika AG, Propex Operating Company, LLC, Bekaert, ABC Polymer Industries, LLC, Owens Corning, Fibercon International Inc., GCP Applied Technologies Inc., Nycon, Synthetic Resources, Inc., and others.
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