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Concrete Fiber Market - Global Industry Analysis, Size, Share, Trends and Forecast 2015 - 2023: Transparency Market Research

Albany - NY, Oct. 20, 2015 (GLOBE NEWSWIRE) -- Key function of concrete fiber is to prevent cracking caused by drying shrinkage and plastic shrinkage. Short and long fibers remain uniformly distributed to seal micro and macro cracks in concretes. Micro cracks are bridged by large number of aggregated short fibers, while long fibers bridge macro cracks in concrete. They control the damage caused by physical, chemical, and environmental factors such as heat and moisture. High stability and durability is incorporated by concrete fiber through reduction of permeability. The fiber adds tensile strength and toughness in concrete. Concrete fiber also helps enhance the structural design of construction by improving shatter and abrasion resistance.

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Fibers with varying properties are used according to the character of concrete in several applications. Various types of concrete fiber include micro-synthetic fibers, macro-synthetic fibers, glass fibers, steel fibers, natural fibers, cellulose fibers, and concrete fiber blends. Micro-synthetic concrete fiber contains monofilament and fibrillated fibers that are manufactured from polyethylene, polypropylene, polyesters, and nylon. Macro-synthetic concrete fiber manufactured from polypropylene helps reduce the width of cracks. Glass fiber has potential applications in architectural panels. Steel concrete fiber improves flexural reinforcement and provides shrinkage crack control. Natural concrete fiber contains materials derived from natural sources such as jute, coconut, sugarcane, and sisal. These fibers with varying lengths and properties are used in reinforcement of cement-based materials. Cellulose fiber prevents concrete from plastic shrinkage cracking. Blends of concrete fiber function as a combination of micro-synthetic, macro-synthetic, and steel micro-synthetic concrete fiber.

Concrete fiber that improves mechanical strength and rigidity of concrete is extensively used in construction, transportation, and mining industries. Concrete fiber is widely used in interior and exterior parts of residential, commercial, and industrial building and construction. Concrete fiber is also extensively used in roads, highways, bridges, and pavements in the transportation industry. Furthermore, it is utilized in runways, parking areas, and other parts of airports. Concrete fiber is also used in different parts of ports such as seawalls, dock area, and loading ramps. In addition, it is used in mining and tunneling activities. Concrete fiber is also used to construct dams, waterways, tanks, elevated decks, etc.

The global market for concrete fiber has witnessed enormous growth in the recent past. Asia Pacific was the largest market for concrete fiber in the past few years. China held major share of the concrete fiber market in the region. Increased construction and architectural activities due to high growth in population enables this region to dominate the global market for concrete fiber. A similar growing trend is expected to continue in Asia Pacific during next few years. The market size of North America is estimated to be the second-largest in the global market. Significant market growth is anticipated in this region during the forecast period. Europe also held significant share of the concrete fiber market in recent past. Latin America and the Middle East &Africa is predicted to appear as lucrative markets for concrete fiber in next few years. Both Latin America and Middle East & Africa are expected to open emerging opportunities in the global market. Rising economy is the key factor propelling the market growth in Latin America and the Middle East & Africa.

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Demand for concrete fiber is principally driven by growth in end-user industries in developing parts of the world. Growing economy coupled with enormous increase in population in developing countries such as China, India, Japan, and South Korea in Asia Pacific significantly boosts the market for concrete fiber. Increased consumption of concrete fiber in construction, building, bridges, road, etc., for enhanced durability and crack resistance drives demand in the global market. However, usage of concrete fiber generates higher operating costs as compared to conventional reinforcing materials. Availability of cheaper substitutes can hinder the market growth of concrete fiber. However, increased research and development efforts can innovate economic technology for concrete fiber development, leading to emerging opportunities in the market.

Some of the key manufacturers of concrete fiber include ABC Polymer Industries, LLC, BASF SE, Bekaert S.A., CEMEX S.A.B. de C.V., Fibercon International Inc., Forta Corporation, Nycon Corporation, Propex Operating Company, LLC, SIKA AG, The Euclid Chemical Company, and W. R. Grace and Company.

This research report analyzes this market on the basis of its market segments, major geographies, and current market trends.

Geographies analyzed under this research report include

North America

Asia Pacific

Europe

Middle East and Africa

Latin America

This report provides comprehensive analysis of

Market growth drivers

Factors limiting market growth

Current market trends

Market structure

Market projections for upcoming years

This report is a complete study of current trends in the market, industry growth drivers, and restraints. It provides market projections for the coming years. It includes analysis of recent developments in technology, Porter's five force model analysis and detailed profiles of top industry players. The report also includes a review of micro and macro factors essential for the existing market players and new entrants along with detailed value chain analysis.

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Source:Transparency Market Research