Concrete Fiber Market - Global Industry Analysis, Trends and Forecast 2016 – 2023
Fibers are basically used in concrete for control the crack due to
reduction of plastic and to ventilation shrinkage Concrete fiber is
reinforcement materials which is surpass in order to their
mechanical, chemical and physical properties such as high stability,
high heat resistance and massive physical durability. These materials
are extremely specific in order to their distinctive mechanical,
optical, environmental and chemical properties. The concrete fibers
market in APAC region is one of the fastest-growing markets and is
expected to continue growth during the forecast period. APAC is held
more than forty percent of the total market share in terms of revenue
in 2014, which was mainly include the country such as Japan, China
and India.
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Concrete fiber market is expected to grow during the forecast period.
The rise in trend of urbanization and improving construction industry
is the major driving factor of this market. In addition, increasing
new market player of this industry are try to cater this market.
These are the factor is boost the market and is expected to see
robust growth during the forecast period. Further addition,
increasing demand of basalt fiber, basalt fibers are produced from
basalt rocks, which are melted at 1400 ο C. this factor also
boosting the concrete fiber market. Wide range of industry usage of
concrete fiber such as road construction, mining application,
industrial and others also helps to boost the concrete fiber market.
However in the concrete fiber industry, cost of this product is quite
high therefore the cost reduction with new technology concept does
not work here so this factor acting as a restraint of this market. In
addition, a new innovation of this market is ready mix concrete this
concrete composite with the aggregates, cement, water, and
admixtures. For instance, this new concrete fiber, ready mix concrete
is essentially used in mining sector, road construction sector,
industrial and others.
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The concrete fiber market is segmented in four categories: by
product, by material, by end use and by region. By product the market
can be divided into Monofilament Concrete Fibers and Fibrillated
Concrete fibers. In terms of materials the market can be segregated
into synthetic fibers, basalt fibers, glass fibers, steel fibers,
natural fibers and others. In terms of end use, the market can be
divided into mining, industrial, road industry, construction and
others.
By geography, the market is divided in four major regions such as
North America, Europe, Asia Pacific and Rest of the world. North
America and Europe are the early adopters of technology and hence
will occupy majority of the market share. However, Asia Pacific
region is expected to see faster growth during the forecast period
due to the presence of developing nations such as India and China.
This growth is attributed to the availability of skilled workforce
required to concrete fiber market.
Some of the key players participating in the concrete fiber market
are The Euclid Chemical Company, Fibercon International Inc., Nycon
Corporation, ABC Polymer Industries, Cemex, W. R. Grace & Co.,
Bekaert SA, SIKA AG, Propex Global and BASF SE among others.
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