Concrete Fiber Market growth is driven by increasing demand for commercial infrastructure such as industrial floorings, airports, hotels and offices. Additionally, the rising population leading to proliferating urbanization trends will also be a prime driver for improving the market outlook over the forecast period.Concrete fibers have proved their ability to improve durability of construction material used for commercial as well as residential projects. Each type of concrete fiber plays a vital role in augmenting the strength of construction frameworks, say, like minimizing the cracks to reinforcing the structure. On that note, some of the important end-use trends that are expected to drive concrete fiber market size over 2019-2025 are stated below. —
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Asia-Pacific Concrete Fiber Market in residential sector is projected to grow substantially over the forecast period. The developing economies like India and China will account for a majority of the market share owing to the increasing population along with the socio-economic development. The rise in per capita income of the middle-income group attributed toward the industrial development in the region will also stimulate concrete fiber market growth.
In April 2019, The World Bank Group and Cagamas (National mortgage corporation of Malaysia) recently held a Conference on “constructing and financing affordable housing across Asia”, in Kuala Lumpur, Malaysia. The event participants showcased innovative solutions and new technologies for addressing the challenges faced in the expanding urbanization, along with some brief discussions on the measures to achieve affordability for middle income groups. The incidence is an apt example validating the potential concrete fiber market holds, in the APAC.
The robust industrialization trends prevailing in the region will lead toward increased demand for industrial infrastructure, further augmenting the concrete fiber market share. Industrial construction projects make use of macro-synthetic fibers for improving concrete’s durability. These fibers made from synthetic materials are used as a replacement for bars or fabric reinforcement, which considerably reduces the construction cost. Apart from synthetic fibers, the steel fibers are widely for industrial applications to intersecting cracks and stopping their further expansion, resulting in aesthetically pleasing slabs.
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The main hindrance in the concrete fiber market growth is associated with its high cost. Concrete fibers are high cost aggregates which increases the overall cost of fiber reinforced concrete as compared to the conventionally used reinforced concrete (RCC). However, concrete fibers are likely to become affordable in the construction industry owing to its excellent features, which will generate ample opportunities for the concrete fiber market growth in the forecast timeframe.
The overall business size is vastly fragmented with the presence of various small, medium and large scale producers. Some of the prominent industry participants in the concrete fiber market are Sika Corporation, BASF, ABC polymer Bekaert SA, Euclid Chemical, ABC Polymer Industries, Owens Corning, and numerous others.
Major Point From Table Of Content:
Chapter 6. Concrete Fibers Market, By End-user
6.1. Global concrete fibers market end-user insights
6.2.1. Global market estimates and forecast, 2014 – 2025
6.2.2. Global market estimates and forecast, by region, 2014 – 2025
6.3. Industrial & commercial infrastructure
6.3.1. Global market estimates and forecast, 2014 – 2025
6.3.2. Global market estimates and forecast, by region, 2014 – 2025
6.4. Roads & bridges
6.4.1. Global market estimates and forecast, 2014 – 2025
6.4.2. Global market estimates and forecast, by region, 2014 – 2025
6.5.1. Global market estimates and forecast, 2014 – 2025
6.5.2. Global market estimates and forecast, by region, 2014 – 2025
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