Home > Polymers & Advanced Materials > Concrete Fibers Market

Concrete Fibers Market Size By Products (Steel Fibers, Synthetic Fibers (Polypropylene, Nylon, Polyester), Glass Fibers, Natural Fibers, Basalt Fibers), By Application (Pavement, Shotcrete, Precast, Slabs On Grade, Composite Metal Decks), By End Users (Residential, Industrial & Commercial Infrastructure, Roads & Bridges), Industry Analysis Report, Regional Analysis, Growth Potential, Price Trends, Competitive Market Share & Forecast, 2023 – 2032

  • Report ID: GMI4314
  • Published Date: Nov 2022
  • Report Format: PDF

Industry drivers

Concrete Fibers Market size was valued at over USD 1.9 billion in 2022. Driven by the visible surge in infrastructure projects across emerging nations, the industry is set to witness more than 9.5% CAGR from 2023 to 2032.

The infrastructure sector has experienced a massive boom in recent years, given its crucial role in supporting economic growth and the necessity for rapid development across developing economies. The expansion can further be attributed to the accelerating rate of urbanization, favorable FDI norms, and increasing policy support.

Get more details on this report - Request Free Sample PDF

Besides, governments have been undertaking several initiatives and infrastructure development projects, which are slated to fuel the demand for construction fibers. For instance, in October 2021, the Government of India unveiled a multi-modal connectivity plan focused on building the infrastructure required to reduce logistical costs and offer an anticipated boost to the country's economy.

Concrete fibers are made of several raw materials, including steel, glass, basalt, and polypropylene, that undergo frequent price changes. These fluctuations may limit product sales. However, the increased cognizance of the benefits of concrete fibers in construction projects will stimulate the concrete fibers industry revenue.

Superior characteristics to augment the demand for steel concrete fibers

Get more details on this report - Request Free Sample PDF

Concrete fibers market from the steel fibers segment is expected to amass over USD 940 million by 2032, owing to the benefits of steel fibers in minimizing the repair and maintenance costs, surface permeability, dusting, and water. Given their increased toughness, tensile strength, and impact resistance, steel concrete fibers act as crack arresters and provide tough and durable surfaces to the buildings, bolstering their adoption throughout the study timeframe.

Increasing road construction projects to drive segment share in pavement applications

Get more details on this report - Request Free Sample PDF

Concrete fibers market from the pavement application amassed over USD 260 million in 2022 and is projected to depict around 9% CAGR between 2023 and 2032. This is credited to the noticeable rise in infrastructure investments and the increasing utilization of fiber-reinforced concrete in road construction projects. Concrete fibers substantially improve material properties such as ductility, fatigue strength, flexural strength, toughness, and impact resistance. These attributes will propel the demand for concrete fibers for pavement applications.

Rise in commercial constructions to bolster product adoption in industrial & commercial infrastructure

Get more details on this report - Request Free Sample PDF

With respect to end-user, the industrial & commercial infrastructure segment stood at over USD 770 million in 2022 and is slated to expand at more than 10% CAGR through 2032. The booming industrial sector and the rising demand for robust and long-lasting commercial establishments, such as mining and metro tunnels, offices, airports, etc., are anticipated to boost the demand for concrete additives.

Significant rise in infrastructure investments to bolster industry statistics across the Asia Pacific

Get more details on this report - Request Free Sample PDF

Asia Pacific concrete fibers market is poised to garner over USD 1.7 billion by 2032. This is backed by the flourishing construction sector across countries such as Japan, China, and South Korea. In addition, the massive growth in mining activities, increasing infrastructure development projects, and supportive policy framework will positively influence the industry landscape across the Asia Pacific.

Acquisitions to stimulate the competitive landscape

Major companies operating in the concrete fibers market are MBCC Group, Sika AG, GCP Applied Technologies, Inc., The Euclid Chemical Company, Bekaert Corporation, Owens Corning, and ArcelorMittal, among others. Players in the market have been strategically associating themselves with leading product manufacturers to strengthen their business standing and make the most of available growth opportunities.

Impact of COVID-19 on the concrete fibers market trends

The COVID-19 virus outbreak had a detrimental impact on the concrete fibers industry, especially during the first half of 2020. The unprecedented lockdowns and movement restrictions across numerous economies significantly disrupted supply chain operations, causing delays and halts in construction activities. Besides, the increasing prospects of an anticipated economic slowdown transformed consumer behavior, leading to limited expenditure on residential construction, reconstruction, and renovation projects, further impeding the market progress.

Global concrete fibers market research report includes in-depth coverage of the industry with estimates & forecast in terms of revenue in USD million from 2018 to 2032 for the following segments:

By Product

  • Steel fibers
  • Synthetic fibers
    • Polypropylene
    • Nylon
    • Polyester
    • Others
  • Glass fibers
  • Natural fibers
  • Basalt fibers

By Application

  • Pavement
  • Shotcrete
  • Precast
  • Slabs on grade
  • Composite metal decks
  • Others

By End-user

  • Residential
  • Industrial & Commercial Infrastructure
  • Roads & bridges
  • Others

The above information is provided on a regional and country basis for the following:

  • North America
    • U.S.
    • Canada
  • Europe
    • UK
    • Germany
    • France
    • Italy
    • Russia
    • Spain
  • Asia Pacific
    • China
    • India
    • Japan
    • South Korea
    • Australia
    • Malaysia
    • Thailand
    • Indonesia
    • Vietnam
    • Philippines
  • Latin America
    • Brazil
    • Mexico
  • Middle East & Africa
    • UAE
    • Saudi Arabia
    • South Africa
    • Nigeria


Authors: Kunal Ahuja, Sarita Bayas

Frequently Asked Questions (FAQ) :

Global market for concrete fibers stood at over USD 1.9 billion in 2022 and is expected to showcase more than 9.5% CAGR between 2023 and 2032 owing to the noticeable surge in infrastructure investments across developing economies.
Steel concrete fibers segment is poised to garner over USD 940 million by 2032 driven by the remarkable attributes of steel fibers such as increased toughness, tensile strength, and superior impact resistance.
Pavement application is projected to expand at around 9% growth rate between 2023 and 2032 owing to the booming construction sector and decent growth in road development projects.
Asia Pacific concrete fibers market is anticipated to amass over USD 1.7 billion by 2032 due to the flourishing mining and construction sector and favorable FDI norms in countries such as India.

Buy Now

Immediate Delivery Available

Premium Report Details

  • Base Year: 2022
  • Companies covered: 11
  • Tables & Figures: 732
  • Countries covered: 17
  • Pages: 493
  • Upcoming Report: Details can be customized to meet your information and data needs. Feel free to share your detailed research requirements via this form.

Get a report that explains COVID-19 impact on this market

 Request Free Sample

Budget constraints? Get in touch with us for special pricing

Request Discount