The global concrete fiber market size surpassed USD 2,182 million in 2024 and is predicted to reach around USD 5,557 million by 2034, registering a CAGR of 9.8% from 2024 to 2034.
The concrete fibers market involves developing concrete containing fibrous materials. Fibers such as steel fibers, glass fibers, synthetic fibers, and natural fibers are used in concrete to increase the structural integrity of the concrete. Concrete fibers find diverse applications in agricultural, commercial, elevated decks, highways, roadways, & bridges, industrial, mining & tunneling, ports & airports, residential, structural reinforcement, waterways, and other applications.
The burgeoning construction industries and rapid urbanization drive the market. The increasing government policies and funding for building infrastructure due to rapid urbanization, especially in developing countries, potentiate the use of concrete fibers. The growing demand for high-strength, durable, and high-structure integrity concrete material boosts market growth. Customers also demand sustainable construction materials to eliminate the need for frequent maintenance.
The development of novel products using a combination of various materials owing to technological advancements creates ample growth opportunities for the concrete fibers market. Novel products are developed to enhance quality and increase customer satisfaction. Additionally, increasing investments in researching and developing novel concrete fiber materials favor market growth. The rapidly expanding population and growing economy contribute to the construction sector’s notable rise.
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| Stats ID: | 7273 |
| Format: | Databook |
| Published: | December 2024 |
| Price | US$ 1550 |
Immediate Delivery
| Stats ID: | 7273 |
| Format: | Databook |
| Published: | December 2024 |
| Price | US$ 1550 |
Immediate Delivery
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