Concrete Reinforcing Fiber Market 2020-2026
発行: Orion Market Research Pvt Ltd
Global Concrete Reinforcing Fiber Market Size, Share & Trends Analysis Report, By Type (Steel Fiber. Synthetic Fiber, Natural Fiber, Glass Fiber, and Others), By Application (Infrastructure, Residential and Commercial, and Industrial) and Forecast, 2020-2026
The global concrete reinforcing fiber market is estimated to grow at a CAGR of 4.8% during the forecast period. Rising industrialization is one of the major factors driving market growth. As per the Center for International Knowledge on Development, China, in 2018, China's industrial added value reached nearly $4,395.5 billion, 56.7 times compared to 1978, with an average annual growth rate of 10.6%. China is also supporting small and medium enterprises (SMEs) to further accelerate its economic position. For instance, in April 2019, China launched a guideline to support the sound development of SMEs.
This, in turn, is contributing to the rising number of industrial facilities and thereby leveraging the adoption of concrete reinforcing fiber that can be utilized in several infrastructure applications including highways, commercial, roadways, and bridges, ports and airports, residential, and more. It is well suited for concrete applications that need protection from drying shrinkage and plastic, reduced construction costs, improved durability, and enhanced service life. The use of fibers in concrete can minimize the consumption of total energy of a construction project and thereby supports green building practices.
Geographically, the market is classified into North America, Europe, Asia-Pacific, and Rest of the World (RoW). Asia-Pacific concrete reinforcing fiber is estimated to witness potential growth during the forecast period owing to the rising construction industry and growing investment in infrastructure projects. Rising urbanization is one of the key factors resulting in an increasing demand for residential construction in the country. As per the India Brand Equity Foundation (IBEF), in 2019, housing sales in India reached 2.61 lakh units across seven major cities. This, in turn, is accelerating the demand for concrete reinforcing fiber to improve concrete strength. These fibers are normally utilized in concrete to control cracking due to drying shrinkage and plastic shrinkage.
Some key companies operating in the market include Sika AG, BASF SE, Owens Corning, N.V. Bekaert S.A., and GCP Applied Technologies Inc. The strategies adopted by the market players to increase their market share include product launches and mergers and acquisitions. For instance, in 2018, Sika AG acquired the global Concrete Fibers business from Propex Holding, LLC. Propex concrete fibers business complements Sika's concrete admixture product range. By adding Fibermesh, Enduro, Novomesh, and Novocan to Sika's product portfolio, Sika can potentially serve the requirements of concrete customers, owners, engineers, architects, and general contractors.
The market study of the global concrete reinforcing fiber market is incorporated by extensive primary and secondary research conducted by the research team at OMR. Secondary research has been conducted to refine the available data to breakdown the market into various segments, derive total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. Our team collects facts and data related to the market from different geography to provide a better regional outlook. In the report, the country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior, and macro-economic factors. Numbers extracted from Secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. This enables our analyst to derive the closest possible figures without any major deviations in the actual number. Our analysts try to contact as many executives, managers, key opinion leaders, and industry experts. Primary research brings the authenticity in our reports.
Secondary Sources Include
Financial reports of companies involved in the market.
Whitepapers, research-papers, and news blogs.
Company websites and their product catalog.
The report provides an in-depth analysis of market size, intended quality of the service preferred by consumers. The report will serve as a source for a 360-degree analysis of the market thoroughly integrating different models.
1. Global Concrete Reinforcing Fiber Market Research and Analysis by Type
2. Global Concrete Reinforcing Fiber Market Research and Analysis by Application
The Report Covers
Comprehensive research methodology of the global concrete reinforcing fiber market.
This report also includes a detailed and extensive market overview with key analyst insights.
An exhaustive analysis of macro and micro factors influencing the market guided by key recommendations.
Analysis of regional regulations and other government policies impacting the global concrete reinforcing fiber market.
Insights about market determinants that are stimulating the global concrete reinforcing fiber market.
Detailed and extensive market segments with regional distribution of forecasted revenues.
Extensive profiles and recent developments of market players.