Concrete fiber market will be valued USD 2.8 billion by 2025: Global Market Insights, Inc. Rapid industrialization in developing nations owing to the rise in the migrating urban population will fuel concrete fiber market share over the forecast timeframe. Increasing amount of disposable income at hand coupled with a dramatic surge in the population has driven the need for infrastructure expansion. Nearly 3.5 billion of the population has been dwelling in cities at present and the number is estimated to increase to 5 billion by the year 2030. The developing world will witness an urban expansion of about 95% in the forthcoming years which will help influence business outlook for construction sector. The Asia Pacific region spends around $900 billion on infrastructure, which is significantly lesser than the $1.7 trillion it will reportedly need in order to match the economic growth and the climate change in the region. Several international institutions have invested to meet the regional needs for infrastructure development.
For instance, ADB provides grants, technical assistance and loans to developing countries in Asia for supporting the building and maintenance of infrastructure. The bank plans to scale up its operation by 50% and invest over $20 billion, 70% of which will be attributed to infrastructure. This will considerably stimulate the demand for construction materials and foster concrete fiber market size. Elaborated below are some notable factors expected to influence the consumption of concrete fibers over the coming years: Growing use of synthetic concrete fibers The synthetic fiber segment will exhibit a significant growth owing to high performing properties of the material. Synthetic fiber comprises of nylon and plastic fibers in order to improve the strength of the concrete. With several benefits compared to other fibers, synthetic fiber improves the cement pump feature by preventing it from sticking to pipes. The material also helps in avoiding cracks in cement and does not contract in cold or expand when heated. The synthetic fibers keeps the concrete intact even during major fires or climate impacts that could affect the infrastructure. 1|Page
Synthetic fibers will increasingly be adopted in areas that are prone to earthquake due to the ductile nature of the materials. Nylon fiber has an extensive use because of its high resilience, durability and strength, representing a key revenue segment for global concrete fiber industry. Browse key industry insights spread across 218 pages with 305 market data tables & 25 figures & charts from the report, “Concrete Fibers Market� in detail along with the table of contents: https://www.gminsights.com/industry-analysis/concrete-fiber-market
Increasing adoption by composite metal decks A vast array of applications pertaining to flooring and roofing systems, metal decking can be used for composite floor slabs in order to make up for a robust infrastructure. Metal decking is a long-lasting framework for the concrete that eliminates the need for any prop and provides flexibility to the slab. Steel bar integrated with the metal decking prevents cracking and keeps the deck from getting degraded. Composite metal decks segment in concrete fiber market will accrue significant proceeds over the analysis time period owing to an increasing level of efficiency these products are known to deliver. The International Building Code 2015 (IBC-2015) follows SDI C-2011 that allows the use of steel fiber instead of welded wire fabric. The material helps control shrinkage cracking and 2|Page
temperature effects in all the applications related to composite metal decking. The use of this steel composite decks would reduce labor costs and provide a safer job site, influencing the product demand substantially. Expanding population around the world Growing economy along with a fast rising population has raised major burdens for the development and maintenance of infrastructure, particularly with roads and bridges. Heavy allocations of funds by government authorities will thrust the construction sectors across emerging economies. Developing nations with an urgent need to expand their infrastructure for the growth of their economies are involved in building roads and bridges that would create a high demand for concrete fiber market. The government of India is expected to spend a significant amount in the infrastructure sector, majority of which will focus on urban transport and highways. The national highway network in India is expected to cover about 50,000 kilometers in the year 2019. The construction of pavements around roads and highways in the country is also gathering pace. India is expected to invest nearly USD 777.73 billion in infrastructure by the year 2022 to maintain sustainable development in the country, tremendously bolstering concrete fiber industry forecast. BASF, Euclid Chemical, GCP Applied Technologies, Sika Corporation, Bekaert SA and ArcelorMittal are some of the players involved in the production and distribution of innovative construction materials and outline the competitive dynamics of global concrete fiber market.
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