Home > Pressrelease > North America Concrete Cellulose Fiber Reinforcement Market to exceed $12 million by 2026
North America Concrete Cellulose Fiber Reinforcement Market to exceed $12 million by 2026
- Published Date: June 11, 2020
According to a new research report by Global Market Insights Inc., the North America Concrete Cellulose Fiber Reinforcement Market size to exceed USD 12 million by 2026. Favorable trends with construction sector will propel the industry growth. Favorable trends with construction sector will propel the industry growth in upcoming years.
The fibers are used in concrete as a secondary reinforcement to prevent cracking and minimize permeability of concrete. The internal support system of the fibers inhibits the formation of plastic settlement cracks. Cellulose fiber concrete reinforcement is used in various applications such as residential & commercial slab on grade, tunnel lining, highway paving, airport runway & taxiway paving, pool & reservoir, bridge deck, dam surface, parking lot, side walk, decorative concrete, curb & gutter, etc.
Rising residential construction activities in the U.S. coupled with rapid industrialization and urbanization are some of the key factors driving the consumption for cellulose fiber in the cementitious composites. Glass and PP fibers are some of the commonly used fibers in Fiber Reinforced Concrete (FRC).
Eco-friendly nature of cellulose fibers to be the main reason for industry growth
Shifting consumer preferences from synthetic fossil-based materials such as PP and PVA towards ecofriendly construction materials has created immense opportunities for the cellulose fiber manufacturers. Cellulose fiber is abundant and has wide range of raw materials, low carbon footprint, biodegradable, versatile, high toughness, and smooth finishing capabilities. These fibers outperform PP fibers in curing, tensile strength, and higher elastic modulus. Substantial product developments in improving the durability and alkali resistant coatings are carried out to improve the product characteristics, thus driving the North America concrete cellulose fiber reinforcement market growth.
However, cellulose fiber exhibits poor durability owing to its high-water absorption resulting in swelling of fiber and altering of concrete strength properties. Moreover, temporary closure of manufacturing and construction facilities amidst COVID-19 crisis may limit the product consumption.
Browse key industry insights spread across 90 pages with 29 market data tables & 20 figures & charts from the report, “North America Concrete Cellulose Fiber Reinforcement Market By Application (Residential, Commercial, Industrial), Industry Analysis Report, Regional Outlook, Growth Potential, Price Trends, Competitive Market Share & Forecast, 2020 – 2026” in detail along with the table of contents:
Surge in commercial construction activities will drive the product sales in future
In North America concrete cellulose fiber reinforcement market, commercial segment is expected to cross USD 4 million by 2026. Commercial construction involves buildings for the purpose of business through new buildings like offices, medical centers, shopping centers, etc. Commercial construction plays a vital role in steering the U.S. economy. Growing IT and other manufacturing industries in the region coupled with high employment are likely to drive the commercial construction.
After a noticeable drop in the U.S. commercial construction industry during the 2008 recession, the value of commercial construction recovered significantly over the next few years and surpassed pre-recession spending. Positive outlook for the commercial construction is likely to drive the demand for concrete products, thus creating an upsurge for cellulose fiber in cementitious composites mainly in polished concrete, exterior and interior floors, slabs, parking areas and roadways.
U.S. is expected to dominate the product consumption
The U.S. is expected to clutch over 80% of volume share in North America concrete cellulose fiber reinforcement market during the forecast time span. The U.S. is a favorable market for cellulose fiber for its usage in concrete composites in building residential and commercial construction projects. Favorable government initiatives for commercial construction and infrastructural activities are expected to drive the product sales.
The consumption of concrete in the U.S. has continued to rise since the economic downturn. Increasing construction activities create rise in the demand for cement for concrete structures, thus, positively influencing the North America concrete cellulose fiber reinforcement market demand in beams and slabs.
In 2018, the U.S. production volume of cement was around 88.5 million tons. The country has experienced slowdown in economy and delay in commercial and industrial construction activity due to COVID-19. For instance, construction output in the U.S. is likely to decrease by 6.5% in 2020.
The states of New York, Pennsylvania, Michigan and Washington along with cities like Austin, Boston and San Francisco have shut down almost all construction projects within their borders. However, this may negatively influence North America concrete cellulose fiber reinforcement market growth in recent years.
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