Concrete Fiber Market Worth 3.09 Billion USD by 2021

PUNE, India, January 24, 2017 /PRNewswire/ --

The report "Concrete Fiber Market by Type (Synthetic Fiber, Steel Fiber, Glass Fiber, Natural Fiber, Basalt Fiber), End-Use Industry (Transport Infrastructure, Building & Construction, Mining & Tunnel, Industrial Flooring), and Region - Global Forecast to 2021", published by MarketsandMarkets, the market is projected to reach USD 3.09 Billion by 2021, at a CAGR of 8.2%, from 2016 to 2021.

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Browse 88 market data Tables and 36 Figures spread through 135 Pages and in-depth TOC on "Concrete Fiber Market"

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Upward penetration in end-use industries, increasing urbanization, and upsurge in demand of non-corrosive materials are fueling the demand of concrete fiber market.

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Transport Infrastructure: The largest end-use industry segment of the concrete fiber market 

The transport infrastructure is the largest-segment of the global concrete fiber market. The growth of this segment is attributed to the increasing demand of concrete fiber in the road industry. Properties such as high durability, strong impact resistance, mechanical, chemical, and thermal resistance make concrete fiber preferable in industries where strength and stability is imperative. The transport infrastructure industry comprises of roadways, highways, bridges, railways, and ports & airports. Concrete fibers are used to manufacture conventional concrete paving, barrier rails, roads in the logistics center, and sound attenuation barriers.

North America: The largest market for concrete fiber 

Globally, North America is the largest Region for Concrete Fiber Market. The U.S. concrete fiber market is witnessing growth in demand due to the increasing usage of synthetic and steel concrete fiber across various end-use industries. There are many concrete fiber manufacturing companies like ABC Polymer Industries (U.S.), Nycon Corporation (U.S.), and Owens Corning (U.S.). Major manufacturers based in this region are experiencing various challenges such as, competition from new & existing players, pressure from environmental agencies, demand for substitute and eco-friendly products, and calculating the cost efficiency of the final product.