Deerfield Beach, FL, April 14, 2016 (GLOBE NEWSWIRE) -- Zion Research has published a new report titled “Concrete Fiber Market (Synthetic Fiber, Glass Fiber, Steel Fiber, Basalt Fiber and Others) Market for Construction, Road Industry, Industrial, Mining and Other Applications: Global Industry Perspective, Comprehensive Analysis and Forecast, 2014 – 2020” According to the report, the concrete fiber market was valued at USD 1.87 billion in 2014 and is expected to generate revenue of USD 2.84 billion by end of 2020, growing at a CAGR of 7.2% between 2015 and 2020. In terms of volume, the global concrete fiber market stood at 300 kilo tons in 2014.
Concrete fiber can be defined as composite material consisting of mixtures of cement, concrete or mortar and discrete, discontinuous, evenly dispersed suitable fiber. Fiber is a reinforcing material that gives structural integrity to the concrete. In concrete structure, the fibers are mixed or placed in such a way that construction base become stable and stiff. Concrete fiber is extensively used in exterior and interior parts of commercial, residential, and industrial construction and building. It is widely deployed in highways, roads, bridges, and pavements in the transportation industry.
Browse the full "Concrete Fiber Market (Synthetic Fiber, Glass Fiber, Steel Fiber, Basalt Fiber and Others) Market for Construction, Road Industry, Industrial, Mining and Other Applications: Global Industry Perspective, Comprehensive Analysis, Size, Share, Growth, Segment, Trends and Forecast, 2014 – 2020" report at http://www.marketresearchstore.com/report/concrete-fiber-market-z52696
Concrete fibers market is mainly driven by growing urbanization and improving construction industry worldwide. Increasing use of basalt fiber as a strengthening material for concrete reinforcement is also predicted to fuel market growth in the years to come. However, capital-intensive R&D, lack of technical knowledge and high operating cost are some of the factors affecting market growth.
Several kinds of fibers used to reinforce the concrete are synthetic fibers, steel fibers, basalt fibers and glass fibers among others. Steel fibers emerged as potential segment with over 45% of the total concrete fiber market share in 2014. Synthetic fiber is another key segment and predicted to show widespread adoption in the years to come. Concrete fiber finds extensive applications in various sectors road industry, construction, industrial, mining and others. Construction was major application segment and accounted for major chunk of market share in 2014. Construction industry worldwide is witnessing an unprecedented boom in recent times. Government also implements different schemes to develop amusement parks, reading halls, libraries and swimming pools for the citizens. Government schemes and policies are also expected to fuel growth of construction industry.
Browse 55 Market Tables and 33 Figures spread through 70 Pages and an in-depth TOC on “Concrete Fiber Market - Global Size, Shares, Trends, Segment & Forecast to 2020”
Get Sample Research Report at http://www.marketresearchstore.com/report/concrete-fiber-market-z52696#RequestSample
Asia Pacific is one of the leading regional markets for concrete fiber and also expected to grow at significant rate during the years to come. Globalization coupled with increasing disposable incomes leads to the shifting preference towards the concrete construction. China is at the forefront of concrete fibers demand while France, India, Germany, Japan, and U.K. are the other major markets. Increase in the demand for concrete fibers in Asia-Pacific is mainly attributed to growth of the manufacturing sector and sustained industrialization in this region.
Some of the key participants in concrete fiber market BASF SE, The Euclid Chemical Company, SIKA AG, Fibercon International Inc, ABC polymers industries, Bekaert SA, Nycon, and W.R. Grace and Company.
Related Published Reports:
- Bitumen Market: http://www.marketresearchstore.com/report/bitumen-market-z37561
- Insulation Market: http://www.marketresearchstore.com/report/insulation-market-z49284
- Epoxy Resins Market: http://www.marketresearchstore.com/report/epoxy-resins-market-for-paints-coatings-wind-z38104
This report segments the global concrete fiber market as follows:
Global Concrete Fiber Market: Type Segment Analysis
- Synthetic Fibers
- Steel Fibers
- Glass Fibers
- Basalt Fibers
- Others (Natural Fibers, etc.)
Global Concrete Fiber Market: Application Segment Analysis
- Road Industry
Global Concrete Fiber Market: Regional Segment Analysis
- North America
- Asia Pacific
- Latin America
- Middle East and Africa
Browse Press Release at http://www.marketresearchstore.com/news/global-concrete-fiber-market-205
Market Research Store is a market intelligence company providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. Market Research Store experienced team of Analysts, Researchers, and Consultants uses proprietary data sources and various tools and techniques to gather, and analyze information. Our business offerings represent the latest and the most reliable information indispensable for businesses to sustain a competitive edge.
Each Market Research Store syndicated research report covers a different sector — such as pharmaceuticals, chemical, energy, food and beverages, semiconductors, med-devices, consumer goods and technology. These reports provide in-depth analysis and deep segmentation to possible micro levels. With wider scope and stratified research methodology, our syndicated reports strive to serve the overall research requirement of clients.
Follow Us LinkedIn: http://www.linkedin.com/company/market-research-store
Follow Us Twitter: https://twitter.com/marketrstore
Contact US: Joel John 3422 SW 15 Street, Suit #8138 Deerfield Beach, Florida 33442, USA Toll Free: +1-855-465-4651 (USA-CANADA) Tel: +1-386-310-3803 Email: firstname.lastname@example.org Website: http://www.marketresearchstore.com/
Source:Market Research Store