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Concrete Fibers Market Size
- Report ID: GMI4314
- Published Date: Apr 2023
- Report Format: PDF
Concrete Fibers Market Size
Concrete Fibers Market size valued at USD 1.9 billion in 2022 and is projected to witness more than 9.5% CAGR from 2023 to 2032. Driven by the visible surge in infrastructure projects across emerging nations.
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. Besides, governments have been undertaking several initiatives and infrastructure development projects, which increases the demand for construction fibers.
| Report Attribute | Details |
|---|---|
| Base Year: | 2022 |
| Concrete Fibers Market Size in 2022: | 1.9 Billion (USD) |
| Forecast Period: | 2023 to 2032 |
| Forecast Period 2023 to 2032 CAGR: | 9.5% |
| 2032 Value Projection: | 4.51 Billion (USD) |
| Historical Data for: | 2018 to 2022 |
| No. of Pages: | 493 |
| Tables, Charts & Figures: | 732 |
| Segments covered: | Product, Application, End-user |
| Growth Drivers: |
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| Pitfalls & Challenges: |
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Concrete fibers are made of several raw materials, including steel, glass, basalt, and polypropylene, that undergo frequent price changes. These fluctuations in prices significantly impact the market revenue. Nevertheless, the recouping construction sector and the increased cognizance of the benefits of concrete fibers in construction projects will stimulate the concrete fibers market revenue.
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Concrete Fibers Market Scope
