Concrete Fibers Market Scope
Fiber concrete is defined as a composite material consisting of mixtures of cement, concrete or mortar and discontinuous, discrete, uniformly dispersed suitable fibers. Compared to plain concrete, fiber concrete is much tougher and more resistant to impact. Their main purpose is to increase the energy absorption capacity and toughness of the material, but also increase the tensile and flexural strength of concrete.
According to AMA, the Global Concrete Fibers market is expected to see growth rate of 8.1%
Research Analyst at AMA estimates that United States Vendors will contribute to the maximum growth of Global Concrete Fibers market throughout the predicted period.
Propex Operating Company, LLC (United States), BASF SE (Germany), Nycon Corporation (United States), Owens Corning (United States), Elasto Plastics (United States), ABC Polymer Industries (United States), Sika AG (France), Bekaert SA (Belgium), Ultratech Cement (India) and Forta Corporation (United States) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research are GCP Applied Technologies (United States), Ultratech Cement (India) and Reliance (India).
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a
preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from total available market.
Segmentation Overview
The study have segmented the market of Global Concrete Fibers market by Type (Natural Fiber, Synthetic Fiber, Steel Fiber, Glass Fiber and Others), by Application (Construction, Industrial, Transportation and Others) and Region with country level break-up.
On the basis of geography, the market of Concrete Fibers has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
Market Leaders and their expansionary development strategies
On 8 August 2019, The Master Builders Solutions experts have launched their new website www.masterfiber.basf.com presenting the benefits of MasterFiber and the unique customer service offered by a global team of concrete experts. With MasterFiber, customers can save money and have greater flexibility in the production process. The innovative fibers can partially, or completely, replace the conventional steel reinforcement of concrete. This reflects in a strong sustainability contribution as it enables customers to eliminate the use of steel which is costly, heavy, difficult to handle and generates waste.
On 6 Nov 2018, Sika has acquired the global Concrete Fibers business from Propex Holding, LLC, which includes a US plant manufacturing synthetic fibers for use in concrete reinforcement, sales operations in Sika's three geographical regions, and a strong brand. The acquired business is a perfect addition to Sika's concrete systems for high value-added solutions required in the construction of high-rise buildings and demanding infrastructure projects. The acquired business generates annual sales of CHF 30 million.
Market Trend
- Increasing Use of Basalt Fiber as a Strengthening Material for Concrete Reinforcement
Market Drivers
- Growing Construction Activities in Asia-Pacific
- Increasing Transport Infrastructure Projects
Opportunities
- The Growth Opportunities from Developing Countries
Restraints
- Exacting Of Production Technology
- High Production Cost
Key Target Audience
Concrete Fibers Manufacturers, Concrete Fibers Raw Material Suppliers, Concrete Fibers Traders/Distributors, Concrete Fibers Importer/Exporter, Regulatory & Government Bodies, Downstream Vendors, End Users and Others