Mar 6, 2019   SOURCE: BusinessWire

Global $3.21 Billion Concrete Reinforcing Fiber Market, 2025 - Growth of the Off-Site Construction Industry Presents Lucrative Opportunities - ResearchAndMarkets.com

The "Concrete Reinforcing Fiber Market Size, Share & Trends Analysis Report By Product (PE, PP, Steel, Basalt), Application (Infrastructure, Residential & Commercial, Industrial), And Segment Forecasts, 2019 - 2025" report has been added to ResearchAndMarkets.com's offering.

The global concrete reinforcing fiber market size is expected to reach USD 3.21 billion by 2025. It is anticipated to expand at a CAGR of 5.8% during the forecast period.

Increasing demand for lightweight non-corrosive materials from construction industry is expected to drive growth in the forthcoming years.

The advantages offered by the reinforcing fibers in concrete includes widening of joint spacing and reduction in slab thickness. In addition, they also reduce the spalling at joint edges and save the overall development and maintenance cost. These benefits are expected to augment the demand for the product from heavy load operating structures, such as runways, aircraft, and warehouses.

Rising utilization of high-performance concrete is anticipated to have a positive impact on the growth of the concrete reinforcing fiber market. Increasing substitution of steel fibers with plastic in a bid to decrease the overall structure weight is anticipated to boost the product sales in the forthcoming years.

Market players are actively involved in research and development for the production of fibers for reinforcement purposes. They lay high emphasis on manufacturing advanced reinforcing fiber products with varying sizes and properties. However, fluctuating raw material prices is supposed to be a significant concern for the manufacturers over the forecast period.

Further key findings from the report suggest:

  • Steel accounted for 41.3% market share in terms of volume in 2017 owing to the increasing demand in replacement of traditional steel reinforced concrete in crack prone structures, such as canals, dams, and water storage tanks
  • Basalt fiber is expected to register a CAGR of 7.4% from 2018 to 2025, on account of properties of the product, such as high damping and radio transparency
  • Consumption of the product in infrastructure construction is expected to witness a CAGR of 5.9% in terms of revenue, from 2018 to 2025 due to increasing government spending on urban planning and management
  • Asia Pacific accounted for 33.8% of the global revenue in 2017 owing to heavy investments in railway, highway, and road infrastructure expansion and residential construction by governments
  • Major players operating in the concrete reinforcing fiber market focus on integration to engage in the production of raw materials including synthetic materials and fibers obtain a competitive edge

Topics Covered

Chapter 1. Methodology and Scope

1.1. Research Methodology

1.2. Research Scope & Assumptions

1.3. List of Data Sources

Chapter 2. Executive Summary

2.1. Market snapshot

Chapter 3. Concrete Reinforcing Fiber Market: Market Variables, Trends & Scope

3.1. Market Segmentation & Scope

3.2. Penetration & Growth Prospect Mapping

3.3. Concrete Reinforcing Fiber Market: Value chain analysis

3.4. Market Dynamics

3.4.1. Market Driver Analysis

3.4.1.1. Upward penetration in construction industry

3.4.1.2. Upsurge in demand for non-corrosive materials

3.4.2. Market Restraint Analysis

3.4.2.1. Volatile prices of raw material

3.4.3. Key Opportunity Prioritized

3.4.3.1. Growth of Off-site construction industry

3.5. Concrete Reinforced Fiber Market - Porter's Five Forces Analysis

3.6. Concrete Reinforced Fiber Market - PESTLE Analysis

Chapter 4. Concrete Reinforcing Fiber Market: Product Estimates & Trend Analysis

4.1. Concrete reinforcing fiber market: Product movement analysis, 2017 & 2025

4.2. Polyethylene (PE) Fiber

4.3. Polypropylene (PP) Fiber

4.4. Steel Fiber

4.5. Basalt Fiber

4.6. Other Fiber

Chapter 5. Concrete Reinforcing Fiber Market: Application Estimates & Trend Analysis

5.1. Concrete reinforcing fiber market: Application movement analysis, 2017 & 2025

5.2. Infrastructure construction

5.3. Residential and commercial construction

5.4. Industrial Construction

5.5. Concrete reinforcing fiber market: Regional overview

5.6. Concrete reinforcing fiber market: Regional movement analysis, 2017 & 2025

5.7. North America

5.8. Europe

5.9. Asia Pacific

5.10. Central & South America

5.11. Middle East & Africa

Chapter 6. Competitive Landscape

6.1. Vendor Landscape

6.2. Competitive Environment

6.3. Strategy framework

Chapter 7. Company Profiles

7.1. BASF SE

7.2. Bekaert

7.3. CEMEX S.A.B. de C.V.

7.4. Sika AG

7.5. ABC Polymer Industries LLC

7.6. Nycon Corporation

7.7. Ultratech Concrete

7.8. Owens Corning

7.9. FORTA Corporation

7.10. The Euclid Chemical Company

For more information about this report visit https://www.researchandmarkets.com/research/5flmv8/global_3_21?w=4