Concrete Reinforcing Fiber Market Size Worth $3.21 Billion by 2025: Grand View Research, Inc.

SAN FRANCISCO, Aug. 7, 2019 /PRNewswire/ -- The global concrete reinforcing fiber market size is expected to reach USD 3.21 billion by 2025, according to a new report by Grand View Research, Inc. 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.

https://mma.prnewswire.com/media/661327/Grand_View_Research_Logo.jpg

Key suggestions from the report:

    --  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

Read 181 page research report with TOC on "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" at: https://www.grandviewresearch.com/industry-analysis/concrete-reinforcing-fiber-market

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.

Grand View Research has segmented the global concrete reinforcing fiber market on the basis of product, application, and region:

    --  Concrete Reinforcing Fiber Product Outlook (Volume, Kilotons; Revenue,
        USD Million, 2014 - 2025)
        --  Polyethylene
        --  Polypropylene
        --  Steel
        --  Basalt
        --  Others
    --  Concrete Reinforcing Fiber Application Outlook (Volume, Kilotons;
        Revenue, USD Million, 2014 - 2025)
        --  Infrastructure
        --  Residential & Commercial
        --  Industrial
    --  Concrete Reinforcing Fiber Regional Outlook (Volume, Kilotons; Revenue,
        USD Million, 2014 - 2025)
        --  North America
            --  U.S.
            --  Canada
            --  Mexico
        --  Europe
            --  Germany
            --  U.K.
            --  Italy
            --  France
        --  Asia Pacific
            --  China
            --  India
            --  Japan
        --  Central & South America
            --  Brazil
            --  Middle East & Africa
            --  Saudi Arabia

Find more research reports onSpecialty Glass, Ceramic & Fiber Industry, by Grand View Research:

    --  Lyocell Fiber Market - The lyocell fiber market is expected to register
        notable gains on account of the widening application scope due to its
        superior orientation, long fiber lengths, and high degree of
        orientation.
    --  Glass Fiber Market - Glass fibers are thin strands of silica based or
        other glass that is extruded into fibers which can be further processed
        based on applications.
    --  Building & Construction Glass Market - The global building &
        construction glass market is expected to witness considerable growth
        over the forecast period on account of development of green buildings
        and rising awareness regarding energy efficiency.

Gain access to Grand View Compass, our BI enabled intuitive market research database of 10,000+ reports

About Grand View Research

Grand View Research, U.S.-based market research and consulting company, provides syndicated as well as customized research reports and consulting services. Registered in California and headquartered in San Francisco, the company comprises over 425 analysts and consultants, adding more than 1200 market research reports to its vast database each year. These reports offer in-depth analysis on 46 industries across 25 major countries worldwide. With the help of an interactive market intelligence platform, Grand View Research helps Fortune 500 companies and renowned academic institutes understand the global and regional business environment and gauge the opportunities that lie ahead.

Contact:
Sherry James
Corporate Sales Specialist, USA
Grand View Research, Inc.
Phone: +1-415-349-0058
Toll Free: 1-888-202-9519
Email: sales@grandviewresearch.com
Web: https://www.grandviewresearch.com
Follow Us: LinkedIn | Twitter

View original content:http://www.prnewswire.com/news-releases/concrete-reinforcing-fiber-market-size-worth-3-21-billion-by-2025-grand-view-research-inc-300897733.html

SOURCE Grand View Research, Inc.