Asia Pacific Concrete fibers market will account for over 25% of the total market size by 2025
Category: #business  By Ravi Chawat  Date: 2021-03-05
  • share
  • Twitter
  • Facebook
  • LinkedIn

Asia Pacific Concrete fibers market will account for over 25% of the total market size by 2025

Concrete Fibers Market will exceed USD 2.8 billion by 2025; according to a new research report. Concrete fibers market is projected to grow substantially over the forecast period, owing to the flourishing industrial and residential construction sector in Asia Pacific. Product is principally used to control cracking caused by plastic shrinkage and drying shrinkage, making it resilient against cracks. Advancements in the industry such as development of concrete microfibers are able to render primary reinforcement which are capable to replace steel mesh.

Get sample copy of this research report @ https://www.decresearch.com/request-sample/detail/4314

Growing industrialization in Asia Pacific has resulted in inflow of large number of inhabitants from rural to industrialized urban, metro and megacities such as Seoul, Guangzhou, Shanghai, Tokyo, Jakarta, Manila, and Delhi. These factors led to growing demand for industrial and commercial infrastructure. According to the International Energy Agency, China is among the key cement producer which accounted for almost 60% of the global production in 2018. It is followed by India which constituted approximately 7% of the total cement production. Also, continuous construction activity are expected in the future, which will make positive impact on the concrete fibers market in the upcoming years.

The main hindrance in the concrete fibers market growth is associated with its high cost. Concrete fibers are high cost aggregates which increases the overall cost of fiber reinforced concrete as compared to the conventionally used reinforced concrete (RCC). However, concrete fibers are likely to become affordable in the construction industry owing to its excellent features, which will generate ample opportunities for the market growth in the forecast timeframe.

Concrete fibers market in the products segment, synthetic and steel fibers captured the highest share in the overall business size in 2018. Synthetic fibers segment is projected to attain a share of over 65% of the total business size by 2025. These microfibers are expected to witness gains of more than 8.5% in the coming years, followed by steel fibers. Technological advancement in the steel fibers segment has led to development of rust resistant fibers which has the potential to be used as primary reinforcement. Therefore, they are replacing traditional steel rebar/mesh in the construction industry, which will subsequently drive the synthetic fibers demand over the forecast period.

Get Table of Contents (ToC) of this research report @ https://www.decresearch.com/toc/detail/concrete-fiber-market

Among the application segment, the Concrete fibers market from grade application is projected to occupy over 25% by 2025. This segment includes the industrial flooring operations where the heavy machineries are installed across heavy manufacturing industry such as automobile, textiles, aircrafts, fabrication, foundry, etc. Concrete fibers prevents the cracking of floors due to heavy machinery load. It is followed by the precast application which is likely to grow at a rate of approximately 9% in the forthcoming years.

Among the end-uses, the industrial & commercial infrastructure segment is expected to take over a share more than 35% by 2025. It mainly includes, commercial and industrial structures such as hotels, airports, manufacturing facilities, offices, parking areas, malls, etc. Concrete fibers renders high flexibility and tensile strength to these structure, while reducing the post crack cost by lowering the propensity of cracks in concrete matrix. It thereby leads to enhanced life for these structure, making it more economical in the longer run.

Asia Pacific market will account for over 25% of the total market size by 2025. It is mainly due to ongoing swift industrial development, coupled with robust population growth in the region. With advent of automation, electric vehicles and related technologies, the manufacturing sector is witnessing a disparity for suitable infrastructure. Rising need to develop infrastructure for the abovementioned industries will drive the product demand in the forecast timeframe.

The overall business size is vastly fragmented with the presence of various small, medium and large scale producers. Some of the prominent industry in the Concrete fibers market participants are Sika Corporation, BASF, ABC polymer Bekaert SA, Euclid Chemical, ABC Polymer Industries, Owens Corning, and numerous others.

Browse More News:

https://www.globenewswire.com/news-release/2016/10/18/880265/0/en/Specialty-Chemicals-Market-size-worth-1-273-billion-by-2024-Global-Market-Insights-Inc.html

https://www.globenewswire.com/news-release/2017/12/07/1247312/0/en/Bitumen-Emulsifiers-Market-to-cross-150mn-by-2024-Global-Market-Insights-Inc.html

https://www.prnewswire.com/news-releases/bitumen-market-value-to-hit-116-billion-by-2026-global-market-insights-inc-300967401.html

About Author

Ravi Chawat    

Ravi Chawat

Ravi Chawat holds a bachelor's degree in Electronics and Telecommunication Engineering. He has worked closely with industry specialists from different segments including chemicals, food and beverages, construction and manufacturing & energy and power. Ravi's article c...

Read More>>

More News By Ravi Chawat

Calcium Nitrate Market Growth 2020 | Industry Developments, Current Trends by 2025
Calcium Nitrate Market Growth 2020 | Industry Developments, Current Trends by 2025
By Ravi Chawat

DecResearch has recently published a study titled ‘global Calcium nitrate market research repo...

Flexible Foam Market Growth, Opportunities, Competitive Landscape, Future Plans, and Forecasts Study Till 2025
Flexible Foam Market Growth, Opportunities, Competitive Landscape, Future Plans, and Forecasts Study Till 2025
By Ravi Chawat

DecResearch has recently published a study titled ‘global Flexible Foam Market research report...

Recent Research: Detailed Analysis on Sodium Metabisulfite Market Size with Forecast to 2025
Recent Research: Detailed Analysis on Sodium Metabisulfite Market Size with Forecast to 2025
By Ravi Chawat

Industrial grade Sodium Metabisulfite Market is witnessing unprecedented demand due to an evident ri...