Global Concrete Fibers Market 2017-2021

Overview of the global concrete fibers market

According to Technavio's market research report, the global concrete fibers market is expected to grow at a steady rate and post a CAGR of more than 7% during the forecast period. Basalt fibers are increasingly gaining popularity in the market as concrete structures made of basalt fibers have high-temperature resistance, mechanical strength, chemical resistance, durability, low water absorption, and a high degree of dispersion. Also, since basalt fibers can be manufactured in huge volumes at low cost, the demand for basalt fibers in various application industries such as building and construction, aerospace, and wind energy is increasing. Moreover, the demand for basalt concrete will further increase because basalt fibers are resistant to acids and ultraviolet radiation, can maintain their properties in cold temperatures, and can withstand high-energy electromagnetic radiation. This increase in the demand for basalt concrete will fuel the growth of concrete fibers market.

In terms of geographic regions, the Americas accounted for major shares of the concrete fibers market during 2016 and according to this market research report, the region will continue to dominate the market during the forecast period as well. The growing focus of North America on improving the quality of products and developing innovative products will boost the application of concrete fibers in the construction of tunnels, buildings, and others.

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Technavio's industry research report titled, Global Concrete Fibers Market, will help you-

• Identify latent opportunities and explorative solutions in the concrete fibers market
• Identify your key competition, and what's making them tick?
• Help you build a comprehensive marketing plan, all permutations and combinations inclusive

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Competitive landscape and key vendors

The concrete fibers market is highly fragmented due to the presence of several small and large vendors. The players in this market are increasingly taking efforts to remain competitive in the market by concentrating on factors including the fluctuation in raw material prices, global competition, and logistics. The key vendors have a vast geographical presence and huge production facilities and highly indulge in strategic partnerships to expand their geographical presence. To compete with the international players, the small players are focusing on exploring new technologies and ideas to come up with better products.

Key vendors in this market are -

• BASF
• Bekaert
• CEMEX
• Propex Operating Company
• Sika
• W. R. Grace

Other prominent vendors in the market include ABC Polymer Industries, Reliance Industries, Fibercon International, Owens Corning, Nycon, Fabpro Polymers, THE EUCLID CHEMICAL COMPANY, FORTA, UltraTech Cement, GCR, Helix steel, and Elasto Plastics.

Segmentation by type and analysis of the concrete fibers market

• Steel fibers
• Glass fibers
• Natural fibers
• Synthetic fibers

This market research and analysis estimates that the steel fibers segment will dominate the concrete fibers market during the forecast period. Some of the examples of steel fibers include cold-drawn wire, modified cold-drawn wire, and melt-extracted fibers, which are increasingly added to concrete to improve its mechanical property. Steel fibers have high tensile strength and are highly used in industrial flooring and tunnels since they provide toughness and increase the post-crack load-carrying capacity of the concrete, which will be a major factor fueling the demand for steel concrete fibers.

Segmentation by application and analysis of the concrete fibers market

• Infrastructure
• Transport
• Mining

The concrete fibers market for infrastructure applications accounted for the maximum market share during 2016. There is a high demand for fiber-reinforced concrete in various infrastructure applications including residential infrastructures, precast concrete and products, structural reinforcements, commercial infrastructure, and elevated decks, which will ensure the segment's market dominance until the end of 2021.

Key questions answered in the report include

• What will the market size and the growth rate be in 2021?
• What are the key factors driving the global concrete fibers market?
• What are the key market trends impacting the growth of the global concrete fibers market?
• What are the challenges to market growth?
• Who are the key vendors in the global concrete fibers market?
• What are the market opportunities and threats faced by the vendors in the global concrete fibers market?
• What are the trending factors influencing the market shares of the Americas, APAC, and EMEA?
• What are the key outcomes of the five forces analysis of the global concrete fibers market?

Technavio also offers customization on reports based on specific client requirement.

Concrete fibers are fibrous materials that are added to concrete to increase its structural integrity. This Technavio's market research report for the chemical industry combines a wide range of product markets including metals and minerals, olefins, and chemical engineering equipment. Also, in order to project a extensive collection of market research reports that will support players in the chemical industry increase their revenue shares, market research analysts at Technavio also take into account multiple elements such as the change in consumer preferences, factors affecting market growth, and the innovations in products by the major market competitors.

By implementing a collaborated approach of proven research techniques, Technavio identifies the industry's growth prospects, which will support clients in the textile, fiber, and composite sector to infer effective growth strategies. This upcoming report on the inspection concrete fibers market also considers the growth of the similar markets such as the  fiberglass electrical and electronic products market and hydrocolloid market, which are expected to project a CAGR of above 7% and more than 5%, respectively during the period 2017 to 2021. According to our market research analyst's, the exponentially rising demand for basalt fibers is expected to be one of the major factor responsible for the growth of the concrete fibers market over the last few years.

The upcoming industry research report for the concrete fibers market also identifies the major drivers, forthcoming trends, coupled with the impending challenges currently experienced by vendors in the specialty chemical sector.