Rapid Economic Growth Boosting Usage of Concrete Fiber Market across Industries

The concrete fibers market has, over the years, expanded at a steady pace and is likely to continue along this trajectory over the coming years as well. Rapid urbanization across the globe as well as ongoing experiments and R&D activities to improve the existing properties of concrete fibers have also benefited the growth of the overall market.
Concrete fibers may be synthetic, natural, glass, steel, basalt, and others and find application in a wide range of industries, such as construction, roadways, mining, and industrial. The numerous advantages concrete fibers present, such as durability, heat resistance, and stability, have greatly supported the worldwide market.

Q. Which are the key factors favoring the concrete fiber market in emerging regions?
A. Regions such as Asia Pacific and the Middle East and Africa have been showing immense potential in the global concrete fiber market and the demand for the same has been constantly rising. For instance, countries such as China, Japan, South Korea, and India, infrastructure facilities like bridges, roads, and highways have been on the rise, thereby strengthening the demand for concrete fibers. In addition to this, the economic growth in these countries and the pace of industrialization are both quite high, further driving the demand for concrete fibers in Asia Pacific. The greater availability of skilled workforce as an economical rate is also a major driving factor. As a result of this, companies have been focusing on expanding in this region so as to gain a larger share in the global market and improve their chances of profitability.

Q. How has the growth of the construction and transportation industries benefited the concrete fibers market?
A. With rising industrialization comes rapid urbanization, resulting in increasing activities in the building and construction industry. In the booming construction sector, concrete fibers are being used for the construction of various public and private infrastructure. In addition to this, urbanization has greatly influenced the transportation sector, as the construction of roads, highways, flyovers, bridges, railways, airports, and ports has translated into the demand for concrete fibers. The inherent properties of concrete fibers – stability, strength, durability, impact resistance, and chemical, mechanical, and thermal resistance – have also upped the demand for concrete fibers.

Q. What is the nature of the competitive landscape of the global concrete fibers market?

 A. Some of the prominent names in the concrete fibers market are Propex Global, The Euclid Chemical Company, Cemex, BASF SE, Nycon Corporation, Bekaert SA, W.R. Grace & Co., ABC Polymer Industries, SIKA AG, and Fibercon International Inc. An increasing number of players have been, of late, been focusing on emerging economies such as Nigeria, India, Brazil, and China in order to widen their scope of operation while, at the same time, strengthen their hold in the concrete fibers market. Companies are also investing on strengthening their distribution networks in these countries. Other key strategies players in the concrete fibers market are resorting to are mergers and acquisitions, investments, product launches, expansions, and product development.


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