Concrete fiber or fiber-reinforced concrete is a mixture of cement, mortar, and uniformly/discrete/discontinuous fiber material. These fiber materials are capable of reducing concrete cracking.
The global concrete fiber market was valued at US$ 1,209.9 Mn in 2021
It is estimated to grow at a CAGR of 6.2% from 2022 to 2031
The global concrete fiber market is expected to reach US$ 2,079.1 Mn by the end of 2031
Concrete fiber or fiber-reinforced concrete is a mixture of cement, mortar, and uniformly/discrete/discontinuous fiber material. These fiber materials are capable of reducing concrete cracking. Fiber-reinforced concrete is a fibrous material used to increase the structural integrity of the concrete. Fibers include short discrete fibers such as glass fibers, natural fibers, steel fibers, and synthetic fibers that have uniform distribution, but random orientation in the mix.
Fibers are primarily used in concrete to control cracks due to shrinkage of plastic and evaporation of water during the hardening stage of the concrete. Concrete fibers possess attributes such as high stability, physical durability, and heat resistance, which are not found in concrete that is not fiber reinforced. Concrete fiber can be classified into glass-reinforced concrete, steel fiber reinforced concrete, and carbon fiber reinforced concrete.
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Glass-reinforced concrete is a construction material that is commonly used to form exterior cladding panels. The popularity of glass-reinforced concrete has increased among architects and engineers due to its ability to be formed into virtually any size, shape, or profile. Glass-reinforced concrete is generally used in renovation of buildings, water & drainage structures, bridge & tunnel lining panels, and architectural cladding.
Steel fiber reinforced concrete is a composite material having fibers as additional ingredients. Typical applications of steel fiber reinforced concrete include tunnel linings, manholes, pipes, burial vaults, and septic tanks.
Carbon fiber-reinforced concrete is a composite material consisting of two high-performance materials. The innovative combination of carbon fiber fabrics or bars with fine-grained concrete simultaneously enables the construction of significantly more varied shapes and a high load-bearing capacity. Carbon fiber-reinforced concrete can be used in diverse areas of construction such as new construction and reconstruction. Fiber-reinforced concrete mix is a concrete mix that contains fibrous materials.
The global concrete fiber market is estimated to grow significantly during the forecast period, owing to the favorable properties of concrete fiber, specifically for industries such as building & construction and transportation. Adoption of new production processes that lower product costs and government initiatives and funding are also estimated to boost the concrete fiber market in the near future. Increase in urbanization across the globe and rise in adoption of concrete fiber in the building and construction sector are also expected to drive the concrete fiber market during the forecast period.
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Concrete fibers are used to construct exteriors and interiors of commercial, residential, and industrial buildings. They are widely deployed in highways, roads, bridges, and pavements. Concrete fibers prevent cracking caused by plastic and drying shrinkage. Their short and long fibers are uniformly distributed to help seal micro and macro cracks in concrete. Concrete fibers are used extensively in industrial, road, building and construction, and mining sectors.
Ongoing infrastructure development activities in countries in Asia Pacific are primarily driving the building and construction sector in the region. In turn, this is boosting the demand for concrete fibers. Construction activities are rising significantly in India, China, and countries in Southeast Asia. Governments of these countries are providing incentives to promote infrastructure development. Thus, the concrete fiber market in Asia Pacific is likely to grow at a rapid pace during the forecast period.
Concrete is an extensively used material. Over two billion tons of concrete is produced annually across the globe. It offers several advantages such as lower cost, easy availability of raw materials, higher fire & weather resistance, and higher compressive strength compared to wood. However, concrete lacks tensile strength and ductility. Hence, manufacturers are increasing the production of carbon fiber materials to offset the disadvantages of conventional concrete products.
According to various studies, the global cost of corrosion in building & construction stood at about US$ 2.5 Trn annually, which was around 3.4% of the global gross domestic product, in 2013. The estimated cost to repair corroded infrastructure is US$ 300 Bn annually in the U.S. alone. Fibers such as synthetic, glass, and steel are used to combat the issue of corrosion.
Longer fibers are ideal for flexural testing, as they are able to link together, creating a stronger bond and preventing additional bending. Several fibers have a straight shape; however, metal fibers have hooks at the ends. This helps them adhere to the concrete.
In terms of product, the global concrete fiber market has been classified into synthetic fibers, glass fibers, blended fibers, steel fibers, basalt fibers, animal origin fibers, and cellulose fibers.
The steel fibers segment dominated the global concrete fiber market with more than 45% share in 2021. This can be primarily ascribed to excellent tensile & flexural strength, shock & fatigue resistance, ductility, and high durability of steel fibers. These properties enable steel fibers to provide enhanced toughness and post-crack load-carrying capacity to the concrete. The segment is expected to grow at a notable CAGR of 5.8% during the forecast period.
In terms of volume, North America accounted for more than 32% share of the global concrete fiber market in 2021. The U.S. is one of the key markets for concrete fiber in North America. The concrete fiber market in the U.S. has been growing due to the increase in usage of synthetic fibers and steel fiber concrete in various end-use industries in the country.
In terms of volume, Asia Pacific and Europe are also major markets for concrete fiber. These regions accounted for 29.1% and 25.0% value share, respectively, of the global market in 2021. Significant growth in the building & construction industry in Asia Pacific and developments in the transportation sector in Europe are driving the market in these regions.
Latin America is a larger market for concrete fiber than Middle East & Africa; however, the market in Middle East & Africa is likely to grow at a faster pace during the forecast period. Rise in demand for steel fiber reinforced concrete in the construction of pavements, pressure vessels, bridge decks, and tunnel linings is benefitting stakeholders in Latin America. Increase in application of glass fiber reinforced concrete for the manufacture of precast products such as wall claddings and spun pipes is also boosting the market in Middle East & Africa.
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Companies operating in the concrete fiber market are diversifying their production of forged carbon apart from manufacturing products such as steel fiber reinforced concrete. Forged carbon fiber products are being used for the development of components used in sports cars such as Lamborghini. In order to broaden their product portfolio, companies are increasing the manufacture of carbon fiber sheets and carbon fiber reinforced polymer products.
Transparency Market Research, a global market research company registered at Wilmington, Delaware, United States, provides custom research and consulting services. The firm scrutinizes factors shaping the dynamics of demand in various markets.
Nov 07, 2022
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