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Concrete fibers market is likely to foresee lucrative growth due to the booming industrial & residential construction sector in APAC

Author : Ravi Chawat | Published Date : 2020-09-03 

The concrete fibers market is likely to foresee lucrative growth due to the booming industrial & residential construction sector in APAC. The product is mainly utilized to control cracking, which is caused by drying shrinkage and plastic shrinkage, which makes it resilient against the formation of cracks.

Rising industrialization in APAC has brought about the inflow of large number of rural inhabitants to industrialized metro, urban, as well as megacities like Delhi, Manila, Jakarta, Tokyo, Shanghai, Guangzhou, and Seoul. These factors have subsequently led to the rising demand for commercial and industrial infrastructure. Over the forthcoming years, continuous building and construction activities are expected to be carried out in the region, which is subsequently expected to make a significantly positive impact towards market growth.

As per a research report by Global Market Insights, Inc., the concrete fibers market is projected to surpass $2.8 billion valuation by 2025.    

Get sample copy of this research report @ https://www.gminsights.com/request-sample/detail/4314

In addition, the current research specified that utilizing fibers in concrete has a very limited effect on the concrete materials’ impact resistance. This particular finding is essential because people usually think that the ductility enhances when concrete is reinforced with fibers. The findings also highlighted that microfibers are better in terms of impact resistance in comparison to the longer fibers. With such active R&D efforts being done in the industry, the market is likely to witness a positive shift in business trends over the projected timeline.

Concrete fibers, also known as reinforced concrete or fiber-reinforced concrete, are gaining enormous traction throughout the world. This can be majorly attributed to the growing need for and shifting consumer preference towards high-quality infrastructure. Different types of fibers for reinforced concrete are steel fibers, nylon fibers, natural fibers, and polyester fibers, among others.

Reinforced concrete offers a range of benefits such as additional durability and strength along with facilitating enhanced aesthetic appeal. In addition, the materials help to considerably reduce cracking and minimize the risks and effects of shrinking. It is estimated that global concrete fiber market size will be worth USD 2.8 billion by 2025.

Growth Drivers:

  • Fluctuating raw material prices
  • Operational cost and issues regarding handling the concrete fibers
  • Waste management of synthetic fibers

Based on products, the synthetic & steel fibers had the maximum share in the total market size back in 2018. Synthetic fibers segment is expected to reach a share of about 65% of the overall industry size over the forecast timeframe. These microfibers are likely to witness benefits of more than 8.5% over the coming timeframe, followed closely by steel fibers. Numerous technological advancement across the overall steel fibers product segment has further led to development of fibers that are rust resistant and have the potential to be utilized as primary reinforcement. In fact, these are already substituting standard steel mesh/rebar in the construction sector, which is leading to market growth.

With respect to application, slab on grade application segment is anticipated to represent nearly 25% of the industry share over the projected time period. The segment also comprises industrial flooring operations, where heavy machines are adopted across a plethora of heavy manufacturing industries like foundry, fabrication, aircrafts, textiles, and automobile among others. Concrete fibers prevents floors from developing cracks due to the placement of heavy machinery. The precast application is expected to grow with a rate of over 9% over the forecast time period.

About Global Market Insights

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider, offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy, and biotechnology.
 

About Author

Ravi Chawat

Ravi Chawat

Ravi Chawat holds a bachelor's degree in Electronics and Telecommunication Engineering. He has worked closely with industry specialists from different segments including chemicals, food and beverages, construction and manufacturing & energy and power. Ravi's article concentrates principally on balancing relevant data but never at the expense of making the content engaging. He believes in giving fair-minded information to guide significant business choices. [email protected] | https://twitter.com/RaviChawat

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