Concrete Fiber Market to Reach USD 7.9 Billion by 2035

According to analysts at Vantage Market Research, the Global Concrete Fiber Market size is worth USD 4.1 Billion in 2024 and is projected to reach USD 7.9 Billion by 2035, growing at a CAGR (Compound Annual Growth Rate) of 8.5% from 2024 to 2035. Key trends of market includerising adoption in sustainable construction, advancements in fiber-reinforced technologies, growing infrastructure development, and increased focus on lightweight, high-strength building materials.

Market Overview

The increasing pace of infrastructure development is expected to boost the demand for concrete fiber market in both developing and emerging countries. With a growing emphasis on modernization, countries are actively pursuing the construction of roads, bridges, and various other infrastructure projects. Additionally, concrete fibers have gained significant popularity among project developers due to their enhanced durability and superior strength, making them a preferred choice for long-lasting and robust construction. 

Governments are implementing stricter regulations on construction materials to enhance safety, sustainability, and performance drives concrete fiber market. This has led to increased demand for advanced concrete solutions, such as concrete fibers, which improve durability, reduce maintenance costs, and offer higher resistance to cracking. Additionally, various government incentives and subsidies for infrastructure projects and green construction practices are driving the adoption of concrete fibers in public works and private sector projects.

Regen Fiber launches innovative method to recycle wind turbine blades

• In January 2024, New Iowa business Regen Fiber has launched a way to recycle wind turbine blades no longer in use, converting them into reusuable materials for manufacturers in the concrete, mortar and other industries

Key Takeaways from the Report

• Asia Pacific dominated the market industry with 55.40% market share in 2024. Market is driven by increasing population of regional countries like India and China and the continuous investment in infrastructural development       
• Based on the Type, the Synthetic Concrete Fiber category accounted for significant market share of 36.30% in 2024. Segment is driven by its versatility and enhanced performance characteristics
• In 2024, by End Use, Industrial and Commercial Infrastructure dominated the market share of 34.20%. The rising investment in industrial and commercial infrastructural development across the world

Top Companies

• BASF SE
• ABC Polymer Industries
• Cemex S.A.B. de C.V.
• BarChip Pty Ltd.
• Ozinga Bros Inc
• Nycon
• Owens Corning
• Sika AG
• GCP Applied Technologies Inc
• EUCLID Chemical Company
• Bekaert

Report Coverage

Our market research reports provide comprehensive insights that are essential for strategic decision-making. We cover all key aspects of the market, including dynamics such as drivers, restraints, opportunities, and challenges, alongside the latest industry trends. Our analysis includes an in-depth technology roadmap, product life cycle evaluation, and PESTLE analysis, ensuring a thorough understanding of the market environment. We also assess GDP growth outlooks, examine regional market landscapes, and evaluate the impact of major events like the COVID-19 pandemic. Additionally, our reports feature a detailed competitive landscape, including company market shares and profiles, providing actionable intelligence to empower your business strategies.

Latest News

ABC Polymer Unveils TruBuilt: A New Standard in Construction Supply Excellence

• In June 2024, ABC Polymer, LLC proudly unveils its latest venture: TruBuilt, a locally-owned-and-operated construction supply business. TruBuilt is dedicated to offering an extensive selection of high-quality construction materials and tools. With a focus on service, TruBuilt aims to meet the diverse needs of the industry