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Concrete Fibers Market Size

Report ID: GMI4314
Published Date: Apr 2023
Report Format: PDF

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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.

concrete fiber market

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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.

Concrete Fibers Market Report Attributes
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:	North America: Recovering U.S. commercial construction industry Asia Pacific: Growing construction industry Increasing Asia pacific and Middle east infrastructure projects
Pitfalls & Challenges:	Fluctuating raw material prices Operational cost and issues on the handling of concrete fibers Waste management of synthetic fibers

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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.

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.