Fiber Reinforced Concrete Market Size
| Icons | Lable | Value |
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Study Period | 2018 - 2030 |
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Market Volume (2024) | 124.31 Million Cubic meters |
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Market Volume (2030) | 178.68 Million Cubic meters |
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Largest Share by End Use Sector | Infrastructure |
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CAGR (2024 - 2030) | 6.23 % |
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Largest Share by Region | Asia-Pacific |
Major Players |
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*Disclaimer: Major Players sorted in no particular order |
Fiber Reinforced Concrete Market Analysis
The Fiber Reinforced Concrete Market size is estimated at 124.31 million Cubic meters in 2024, and is expected to reach 178.68 million Cubic meters by 2030, growing at a CAGR of 6.23% during the forecast period (2024-2030).
124.31 Million
Market Size in 2024 (Cubic meters)
178.68 Million
Market Size in 2030 (Cubic meters)
4.23 %
CAGR (2018-2023)
6.23 %
CAGR (2024-2030)
Largest Market by End Use Sector
42.46 %
volume share, Infrastructure, 2023
Due to the escalating demand for infrastructure in developing economies, coupled with increasing consumption of fiber-reinforced concrete in major infrastructure projects, the infrastructure sector holds the largest share.
Fastest Market by End Use Sector
7.07 %
Projected CAGR, Residential, 2024-2030
With the growing usage of fiber-reinforced concrete for applications such as driveways, sidewalks, pool construction, basements, etc., the residential sector is projected to witness the fastest growth.
Largest Market by Region
46.20 %
volume share, Asia-Pacific, 2023
Due to high construction industrial activity in the region coupled with the increasing demand for fiber-reinforced concrete in countries like China, India, Japan, and South Korea, the region has dominated the market.
Fastest Market by Region
6.82 %
Projected CAGR, Asia-Pacific, 2024-2030
Due to growing investments in infrastructure projects, government initiatives, fast-paced urbanization, and industrialization, Asia-Pacific is expected to witness the fastest growth.
Leading Company
5.12 %
market share, Holcim, 2022
Due to the strong foothold in the construction industry offering a wide range of concrete products coupled with a strong distribution channel, the company has occupied the largest share.
Global infrastructure and residential construction sectors supported by government investments and renewed interest in PPPs are predicted to bolster the demand for fiber-reinforced concrete
- Global inflationary pressures, which have raised energy costs and prices of raw materials such as cement, led to a 2.03% volume decline in the global fiber-reinforced concrete market in 2022. However, in 2023, the market was poised for a rebound, with an anticipated growth of 6.15 million cubic meters. This resurgence can be attributed to governments across the world proposing measures to counter inflation's adverse effects and bolster the construction sector.
- In 2022, the global market for reinforced concrete in infrastructure construction claimed the lion's share at 47.19 million cubic meters. This dominance was fueled by a surge in private-public partnerships, a global trend aimed at bolstering infrastructure. The market was set to witness a notable uptick in 2023. With a rising emphasis on sustainable construction and heightened connectivity initiatives, such as road, airport, railway, and port enhancements, backed by government and private-public collaborations, global infrastructure spending was projected to surge by USD 2.7 trillion in 2023 compared to 2022. Consequently, the market is estimated to grow by 5.93% in volume during this period.
- The residential segment in the market studied is expected to register the fastest CAGR of 7.03% during the forecast period. This growth is underpinned by government investments targeting the construction of affordable homes, with a goal of accommodating 3 billion people by 2030. Also, affordable housing schemes and the rapidly growing population with higher disposable incomes and significant purchasing power will increase the demand for new housing units, and the new floor area for residential construction is expected to increase by 9.3 billion sq. ft in 2030 compared to 2022, raising the demand for fiber-reinforced concrete.
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Rising investments in infrastructure in Asia-Pacific are likely to drive the demand for fiber-reinforced concrete
- In 2022, the global demand for fiber-reinforced concrete saw a decline of approximately 2.03%. This drop was primarily driven by reduced floor areas in residential and industrial and institutional new constructions. The global residential new floor area witnessed a 1.05% decrease in 2022 compared to the previous year. However, the market rebounded, with a growth rate of about 5.56% in 2023 over 2022.
- With a dominant share of about 45.43% in 2022, Asia-Pacific emerged as the largest consumer of fiber-reinforced concrete. This surge can be attributed to robust investments in infrastructure and a notable uptick in retail and office spaces. For instance, Indonesia has plans to shift its capital city from Jakarta to Borneo Island by 2045, backed by a hefty USD 32 billion investment. India's Grade A office market in its top seven cities is set to expand to a staggering 1 billion sq. f by 2026. With such developments, the fiber-reinforced concrete market in Asia-Pacific witnessed a substantial growth of about 59.13% by 2030 compared to 2023.
- Asia-Pacific is poised to maintain its momentum, emerging as the fastest-growing consumer of fiber-reinforced concrete. It is expected to register a robust CAGR of 6.86% during the forecast period. This surge can be attributed to the region's escalating demand for fiber-reinforced concrete, particularly in infrastructure and commercial construction. For instance, infrastructure spending in Asia-Pacific is projected to surge from USD 1.50 trillion in 2023 to USD 1.74 trillion by 2030. Thus, the demand for fiber-reinforced concrete is anticipated to witness a substantial uptick, amounting to an increase of 31.9 million cubic meters by 2030 compared to 2023.
Global Fiber Reinforced Concrete Market Trends
Asia-Pacific's surge in large-scale office building projects is set to elevate the global floor area dedicated to commercial construction
- In 2022, the global new floor area for commercial construction witnessed a modest growth of 0.15% from the previous year. Europe stood out with a significant surge of 12.70%, driven by a push for high-energy-efficient office buildings to align with its 2030 carbon emission targets. As employees returned to offices, European companies, resuming lease decisions, spurred the construction of 4.5 million square feet of new office space in 2022. This momentum is poised to persist in 2023, with a projected global growth rate of 4.26%.
- The COVID-19 pandemic caused labor and material shortages, leading to cancellations and delays in commercial construction projects. However, as lockdowns eased and construction activities resumed, the global new floor area for commercial construction surged by 11.11% in 2021, with Asia-Pacific taking the lead with a growth rate of 20.98%.
- Looking ahead, the global new floor area for commercial construction is set to achieve a CAGR of 4.56%. Asia-Pacific is anticipated to outpace other regions, with a projected CAGR of 5.16%. This growth is fueled by a flurry of commercial construction projects in China, India, South Korea, and Japan. Notably, major Chinese cities like Beijing, Shanghai, Hong Kong, and Taipei are gearing up for an uptick in Grade A office space construction. Additionally, India is set to witness the opening of approximately 60 shopping malls, spanning 23.25 million square feet, in its top seven cities between 2023 and 2025. Collectively, these endeavors across Asia-Pacific are expected to add a staggering 1.56 billion square feet to the new floor area for commercial construction by 2030, compared to 2022.
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South America's estimated fastest growth in residential constructions due to increasing government investments in schemes for affordable housing to boost the global residential sector
- In 2022, the global new floor area for residential construction declined by around 289 million square feet compared to 2021. This can be attributed to the housing crisis generated due to the shortage of land, labor, and unsustainably high construction materials prices. This crisis severely impacted Asia-Pacific, where the new floor area declined 5.39% in 2022 compared to 2021. However, a more positive outlook is expected in 2023 as the global new floor area is predicted to grow by 3.31% compared to 2022, owing to government investments that can finance the construction of new affordable homes capable of accommodating 3 billion people by 2030.
- The COVID-19 pandemic caused an economic slowdown, due to which many residential construction projects got canceled or delayed, and the global new floor area declined by 4.79% in 2020 compared to 2019. As the restrictions were lifted in 2021 and pent-up demand for housing projects was released, new floor area grew 11.22% compared to 2020, with Europe having the highest growth of 18.28%, followed by South America, which rose 17.36% in 2021 compared to 2020.
- The global new floor area for residential construction is expected to register a CAGR of 3.81% during the forecast period, with South America predicted to develop at the fastest CAGR of 4.05%. Schemes and initiatives like the Minha Casa Minha Vida in Brazil announced in 2023 with a few regulatory changes, for which the government plans an investment of USD 1.98 billion to provide affordable housing units for low-income families, and the FOGAES in Chile also publicized in 2023, with an initial investment of USD 50 million, are aimed at providing mortgage loans to families for affordable housing and will encourage the construction of new residential units.
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OTHER KEY INDUSTRY TRENDS COVERED IN THE REPORT
- Surging energy investments in Asia-Pacific are set to bolster the global expansion of industrial construction
- Projections indicate that the growing number of private-public partnerships in infrastructure construction across Asia-Pacific will contribute to a notable surge in global infrastructure spending
Fiber Reinforced Concrete Industry Overview
The Fiber Reinforced Concrete Market is fragmented, with the top five companies occupying 15.94%. The major players in this market are CEMEX, S.A.B. de C.V., CRH, Heidelberg Materials, Holcim and UltraTech Cement Ltd. (sorted alphabetically).
Fiber Reinforced Concrete Market Leaders
CEMEX, S.A.B. de C.V.
CRH
Heidelberg Materials
Holcim
UltraTech Cement Ltd.
Other important companies include Argos Group, Nuvoco Vistas Corp Ltd., OYAK Cement, Vicat, Vulcan Materials Company.
*Disclaimer: Major Players sorted in alphabetical order.
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Fiber Reinforced Concrete Market News
- June 2023: CRH was set to acquire Buzzi Unicem's ready-mix concrete operations in Ukraine. The acquisition was finalized at USD 109 million and will include Buzzi's ready-mix concrete production units in Kyiv, Nikolajev, and Odesa.
- May 2023: Holcim successfully acquired BESBLOCK LTD to expand its ready-mixed concrete business in the United Kingdom and augment its presence in the sustainable building solutions market.
- January 2023: Holcim acquired five concrete plants of Ol-Trans, the leader in ready-mix concrete in the Gdansk-SopotGdynia area, Poland, to strengthen its local ready-mix concrete network and firmly establish it as the leader in Northern Poland.
Free with this Report
We provide a complimentary and exhaustive set of data points on global and regional metrics that present the fundamental structure of the industry. Presented in the form of 24+ free charts, the section covers rare data on newly built floor area, infrastructural spending, and existing construction floor area across residential, commercial, industrial and institutional sectors.
Fiber Reinforced Concrete Market Report - Table of Contents
1. EXECUTIVE SUMMARY & KEY FINDINGS
2. REPORT OFFERS
3. INTRODUCTION
- 3.1 Study Assumptions & Market Definition
- 3.2 Scope of the Study
- 3.3 Research Methodology
4. KEY INDUSTRY TRENDS
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4.1 End Use Sector Trends
- 4.1.1 Commercial
- 4.1.2 Industrial and Institutional
- 4.1.3 Infrastructure
- 4.1.4 Residential
- 4.2 Major Infrastructure Projects (current And Announced)
- 4.3 Regulatory Framework
- 4.4 Value Chain & Distribution Channel Analysis
5. MARKET SEGMENTATION (includes market size, forecasts up to 2030 and analysis of growth prospects.)
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5.1 End Use Sector
- 5.1.1 Commercial
- 5.1.2 Industrial and Institutional
- 5.1.3 Infrastructure
- 5.1.4 Residential
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5.2 Product
- 5.2.1 Glass Fiber
- 5.2.2 Natural Fiber
- 5.2.3 Steel Fiber
- 5.2.4 Synthetic Fiber
- 5.2.5 Other Types
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5.3 Region
- 5.3.1 Asia-Pacific
- 5.3.1.1 By Country
- 5.3.1.1.1 Australia
- 5.3.1.1.2 China
- 5.3.1.1.3 India
- 5.3.1.1.4 Indonesia
- 5.3.1.1.5 Japan
- 5.3.1.1.6 Malaysia
- 5.3.1.1.7 South Korea
- 5.3.1.1.8 Thailand
- 5.3.1.1.9 Vietnam
- 5.3.1.1.10 Rest of Asia-Pacific
- 5.3.2 Europe
- 5.3.2.1 By Country
- 5.3.2.1.1 France
- 5.3.2.1.2 Germany
- 5.3.2.1.3 Italy
- 5.3.2.1.4 Russia
- 5.3.2.1.5 Spain
- 5.3.2.1.6 United Kingdom
- 5.3.2.1.7 Rest of Europe
- 5.3.3 Middle East and Africa
- 5.3.3.1 By Country
- 5.3.3.1.1 Saudi Arabia
- 5.3.3.1.2 United Arab Emirates
- 5.3.3.1.3 Rest of Middle East and Africa
- 5.3.4 North America
- 5.3.4.1 By Country
- 5.3.4.1.1 Canada
- 5.3.4.1.2 Mexico
- 5.3.4.1.3 United States
- 5.3.5 South America
- 5.3.5.1 By Country
- 5.3.5.1.1 Argentina
- 5.3.5.1.2 Brazil
- 5.3.5.1.3 Rest of South America
6. COMPETITIVE LANDSCAPE
- 6.1 Key Strategic Moves
- 6.2 Market Share Analysis
- 6.3 Company Landscape
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6.4 Company Profiles
- 6.4.1 Argos Group
- 6.4.2 CEMEX, S.A.B. de C.V.
- 6.4.3 CRH
- 6.4.4 Heidelberg Materials
- 6.4.5 Holcim
- 6.4.6 Nuvoco Vistas Corp Ltd.
- 6.4.7 OYAK Cement
- 6.4.8 UltraTech Cement Ltd.
- 6.4.9 Vicat
- 6.4.10 Vulcan Materials Company
- *List Not Exhaustive
7. KEY STRATEGIC QUESTIONS FOR CONCRETE, MORTARS AND CONSTRUCTION CHEMICALS CEOS
8. APPENDIX
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8.1 Global Overview
- 8.1.1 Overview
- 8.1.2 Porter’s Five Forces Framework (Industry Attractiveness Analysis)
- 8.1.3 Global Value Chain Analysis
- 8.1.4 Market Dynamics (DROs)
- 8.2 Sources & References
- 8.3 List of Tables & Figures
- 8.4 Primary Insights
- 8.5 Data Pack
- 8.6 Glossary of Terms
List of Tables & Figures
- Figure 1:
- FLOOR AREA OF NEW COMMERCIAL CONSTRUCTION, SQUARE FEET, GLOBAL, 2018 - 2030
- Figure 2:
- FLOOR AREA OF NEW INDUSTRIAL AND INSTITUTIONAL CONSTRUCTION, SQUARE FEET, GLOBAL, 2018 - 2030
- Figure 3:
- SPENDING ON INFRASTRUCTURE PROJECTS, USD, GLOBAL, 2018 - 2030
- Figure 4:
- FLOOR AREA OF NEW RESIDENTIAL CONSTRUCTION, SQUARE FEET, GLOBAL, 2018 - 2030
- Figure 5:
- VOLUME OF FIBER REINFORCED CONCRETE CONSUMED, CUBIC METERS, GLOBAL, 2018 - 2030
- Figure 6:
- VOLUME OF FIBER REINFORCED CONCRETE CONSUMED BY END USE SECTOR, CUBIC METERS, GLOBAL, 2018 - 2030
- Figure 7:
- VOLUME SHARE OF FIBER REINFORCED CONCRETE CONSUMED BY END USE SECTOR, %, GLOBAL, 2018 VS 2023 VS 2030
- Figure 8:
- VOLUME OF FIBER REINFORCED CONCRETE CONSUMED IN COMMERCIAL SECTOR, CUBIC METERS, GLOBAL, 2018 - 2030
- Figure 9:
- VOLUME SHARE OF FIBER REINFORCED CONCRETE CONSUMED IN COMMERCIAL SECTOR, BY PRODUCT, %, GLOBAL, 2023 VS 2030
- Figure 10:
- VOLUME OF FIBER REINFORCED CONCRETE CONSUMED IN INDUSTRIAL AND INSTITUTIONAL SECTOR, CUBIC METERS, GLOBAL, 2018 - 2030
- Figure 11:
- VOLUME SHARE OF FIBER REINFORCED CONCRETE CONSUMED IN INDUSTRIAL AND INSTITUTIONAL SECTOR, BY PRODUCT, %, GLOBAL, 2023 VS 2030
- Figure 12:
- VOLUME OF FIBER REINFORCED CONCRETE CONSUMED IN INFRASTRUCTURE SECTOR, CUBIC METERS, GLOBAL, 2018 - 2030
- Figure 13:
- VOLUME SHARE OF FIBER REINFORCED CONCRETE CONSUMED IN INFRASTRUCTURE SECTOR, BY PRODUCT, %, GLOBAL, 2023 VS 2030
- Figure 14:
- VOLUME OF FIBER REINFORCED CONCRETE CONSUMED IN RESIDENTIAL SECTOR, CUBIC METERS, GLOBAL, 2018 - 2030
- Figure 15:
- VOLUME SHARE OF FIBER REINFORCED CONCRETE CONSUMED IN RESIDENTIAL SECTOR, BY PRODUCT, %, GLOBAL, 2023 VS 2030
- Figure 16:
- VOLUME OF FIBER REINFORCED CONCRETE CONSUMED BY PRODUCT, CUBIC METERS, GLOBAL, 2018 - 2030
- Figure 17:
- VOLUME SHARE OF FIBER REINFORCED CONCRETE CONSUMED BY PRODUCT, %, GLOBAL, 2018 VS 2023 VS 2030
- Figure 18:
- VOLUME OF GLASS FIBER REINFORCED CONCRETE CONSUMED, CUBIC METERS, GLOBAL, 2018 - 2030
- Figure 19:
- VOLUME SHARE OF GLASS FIBER REINFORCED CONCRETE CONSUMED BY END USE SECTOR, %, GLOBAL, 2023 VS 2030
- Figure 20:
- VOLUME OF NATURAL FIBER REINFORCED CONCRETE CONSUMED, CUBIC METERS, GLOBAL, 2018 - 2030
- Figure 21:
- VOLUME SHARE OF NATURAL FIBER REINFORCED CONCRETE CONSUMED BY END USE SECTOR, %, GLOBAL, 2023 VS 2030
- Figure 22:
- VOLUME OF STEEL FIBER REINFORCED CONCRETE CONSUMED, CUBIC METERS, GLOBAL, 2018 - 2030
- Figure 23:
- VOLUME SHARE OF STEEL FIBER REINFORCED CONCRETE CONSUMED BY END USE SECTOR, %, GLOBAL, 2023 VS 2030
- Figure 24:
- VOLUME OF SYNTHETIC FIBER REINFORCED CONCRETE CONSUMED, CUBIC METERS, GLOBAL, 2018 - 2030
- Figure 25:
- VOLUME SHARE OF SYNTHETIC FIBER REINFORCED CONCRETE CONSUMED BY END USE SECTOR, %, GLOBAL, 2023 VS 2030
- Figure 26:
- VOLUME OF OTHER TYPES REINFORCED CONCRETE CONSUMED, CUBIC METERS, GLOBAL, 2018 - 2030
- Figure 27:
- VOLUME SHARE OF OTHER TYPES REINFORCED CONCRETE CONSUMED BY END USE SECTOR, %, GLOBAL, 2023 VS 2030
- Figure 28:
- VOLUME OF FIBER REINFORCED CONCRETE CONSUMED BY REGION, CUBIC METERS, GLOBAL, 2018 - 2030
- Figure 29:
- VOLUME SHARE OF FIBER REINFORCED CONCRETE CONSUMED BY REGION, %, GLOBAL, 2018 VS 2023 VS 2030
- Figure 30:
- VOLUME OF FIBER REINFORCED CONCRETE CONSUMED BY COUNTRY, CUBIC METERS, ASIA-PACIFIC, 2018 - 2030
- Figure 31:
- VOLUME SHARE OF FIBER REINFORCED CONCRETE CONSUMED BY COUNTRY, %, ASIA-PACIFIC, 2018 VS 2023 VS 2030
- Figure 32:
- VOLUME OF FIBER REINFORCED CONCRETE CONSUMED, CUBIC METERS, AUSTRALIA, 2018 - 2030
- Figure 33:
- VOLUME SHARE OF FIBER REINFORCED CONCRETE CONSUMED BY END USE SECTOR, %, AUSTRALIA, 2023 VS 2030
- Figure 34:
- VOLUME OF FIBER REINFORCED CONCRETE CONSUMED, CUBIC METERS, CHINA, 2018 - 2030
- Figure 35:
- VOLUME SHARE OF FIBER REINFORCED CONCRETE CONSUMED BY END USE SECTOR, %, CHINA, 2023 VS 2030
- Figure 36:
- VOLUME OF FIBER REINFORCED CONCRETE CONSUMED, CUBIC METERS, INDIA, 2018 - 2030
- Figure 37:
- VOLUME SHARE OF FIBER REINFORCED CONCRETE CONSUMED BY END USE SECTOR, %, INDIA, 2023 VS 2030
- Figure 38:
- VOLUME OF FIBER REINFORCED CONCRETE CONSUMED, CUBIC METERS, INDONESIA, 2018 - 2030
- Figure 39:
- VOLUME SHARE OF FIBER REINFORCED CONCRETE CONSUMED BY END USE SECTOR, %, INDONESIA, 2023 VS 2030
- Figure 40:
- VOLUME OF FIBER REINFORCED CONCRETE CONSUMED, CUBIC METERS, JAPAN, 2018 - 2030
- Figure 41:
- VOLUME SHARE OF FIBER REINFORCED CONCRETE CONSUMED BY END USE SECTOR, %, JAPAN, 2023 VS 2030
- Figure 42:
- VOLUME OF FIBER REINFORCED CONCRETE CONSUMED, CUBIC METERS, MALAYSIA, 2018 - 2030
- Figure 43:
- VOLUME SHARE OF FIBER REINFORCED CONCRETE CONSUMED BY END USE SECTOR, %, MALAYSIA, 2023 VS 2030
- Figure 44:
- VOLUME OF FIBER REINFORCED CONCRETE CONSUMED, CUBIC METERS, SOUTH KOREA, 2018 - 2030
- Figure 45:
- VOLUME SHARE OF FIBER REINFORCED CONCRETE CONSUMED BY END USE SECTOR, %, SOUTH KOREA, 2023 VS 2030
- Figure 46:
- VOLUME OF FIBER REINFORCED CONCRETE CONSUMED, CUBIC METERS, THAILAND, 2018 - 2030
- Figure 47:
- VOLUME SHARE OF FIBER REINFORCED CONCRETE CONSUMED BY END USE SECTOR, %, THAILAND, 2023 VS 2030
- Figure 48:
- VOLUME OF FIBER REINFORCED CONCRETE CONSUMED, CUBIC METERS, VIETNAM, 2018 - 2030
- Figure 49:
- VOLUME SHARE OF FIBER REINFORCED CONCRETE CONSUMED BY END USE SECTOR, %, VIETNAM, 2023 VS 2030
- Figure 50:
- VOLUME OF FIBER REINFORCED CONCRETE CONSUMED, CUBIC METERS, REST OF ASIA-PACIFIC, 2018 - 2030
- Figure 51:
- VOLUME SHARE OF FIBER REINFORCED CONCRETE CONSUMED BY END USE SECTOR, %, REST OF ASIA-PACIFIC, 2023 VS 2030
- Figure 52:
- VOLUME OF FIBER REINFORCED CONCRETE CONSUMED BY COUNTRY, CUBIC METERS, EUROPE, 2018 - 2030
- Figure 53:
- VOLUME SHARE OF FIBER REINFORCED CONCRETE CONSUMED BY COUNTRY, %, EUROPE, 2018 VS 2023 VS 2030
- Figure 54:
- VOLUME OF FIBER REINFORCED CONCRETE CONSUMED, CUBIC METERS, FRANCE, 2018 - 2030
- Figure 55:
- VOLUME SHARE OF FIBER REINFORCED CONCRETE CONSUMED BY END USE SECTOR, %, FRANCE, 2023 VS 2030
- Figure 56:
- VOLUME OF FIBER REINFORCED CONCRETE CONSUMED, CUBIC METERS, GERMANY, 2018 - 2030
- Figure 57:
- VOLUME SHARE OF FIBER REINFORCED CONCRETE CONSUMED BY END USE SECTOR, %, GERMANY, 2023 VS 2030
- Figure 58:
- VOLUME OF FIBER REINFORCED CONCRETE CONSUMED, CUBIC METERS, ITALY, 2018 - 2030
- Figure 59:
- VOLUME SHARE OF FIBER REINFORCED CONCRETE CONSUMED BY END USE SECTOR, %, ITALY, 2023 VS 2030
- Figure 60:
- VOLUME OF FIBER REINFORCED CONCRETE CONSUMED, CUBIC METERS, RUSSIA, 2018 - 2030
- Figure 61:
- VOLUME SHARE OF FIBER REINFORCED CONCRETE CONSUMED BY END USE SECTOR, %, RUSSIA, 2023 VS 2030
- Figure 62:
- VOLUME OF FIBER REINFORCED CONCRETE CONSUMED, CUBIC METERS, SPAIN, 2018 - 2030
- Figure 63:
- VOLUME SHARE OF FIBER REINFORCED CONCRETE CONSUMED BY END USE SECTOR, %, SPAIN, 2023 VS 2030
- Figure 64:
- VOLUME OF FIBER REINFORCED CONCRETE CONSUMED, CUBIC METERS, UNITED KINGDOM, 2018 - 2030
- Figure 65:
- VOLUME SHARE OF FIBER REINFORCED CONCRETE CONSUMED BY END USE SECTOR, %, UNITED KINGDOM, 2023 VS 2030
- Figure 66:
- VOLUME OF FIBER REINFORCED CONCRETE CONSUMED, CUBIC METERS, REST OF EUROPE, 2018 - 2030
- Figure 67:
- VOLUME SHARE OF FIBER REINFORCED CONCRETE CONSUMED BY END USE SECTOR, %, REST OF EUROPE, 2023 VS 2030
- Figure 68:
- VOLUME OF FIBER REINFORCED CONCRETE CONSUMED BY COUNTRY, CUBIC METERS, MIDDLE EAST AND AFRICA, 2018 - 2030
- Figure 69:
- VOLUME SHARE OF FIBER REINFORCED CONCRETE CONSUMED BY COUNTRY, %, MIDDLE EAST AND AFRICA, 2018 VS 2023 VS 2030
- Figure 70:
- VOLUME OF FIBER REINFORCED CONCRETE CONSUMED, CUBIC METERS, SAUDI ARABIA, 2018 - 2030
- Figure 71:
- VOLUME SHARE OF FIBER REINFORCED CONCRETE CONSUMED BY END USE SECTOR, %, SAUDI ARABIA, 2023 VS 2030
- Figure 72:
- VOLUME OF FIBER REINFORCED CONCRETE CONSUMED, CUBIC METERS, UNITED ARAB EMIRATES, 2018 - 2030
- Figure 73:
- VOLUME SHARE OF FIBER REINFORCED CONCRETE CONSUMED BY END USE SECTOR, %, UNITED ARAB EMIRATES, 2023 VS 2030
- Figure 74:
- VOLUME OF FIBER REINFORCED CONCRETE CONSUMED, CUBIC METERS, REST OF MIDDLE EAST AND AFRICA, 2018 - 2030
- Figure 75:
- VOLUME SHARE OF FIBER REINFORCED CONCRETE CONSUMED BY END USE SECTOR, %, REST OF MIDDLE EAST AND AFRICA, 2023 VS 2030
- Figure 76:
- VOLUME OF FIBER REINFORCED CONCRETE CONSUMED BY COUNTRY, CUBIC METERS, NORTH AMERICA, 2018 - 2030
- Figure 77:
- VOLUME SHARE OF FIBER REINFORCED CONCRETE CONSUMED BY COUNTRY, %, NORTH AMERICA, 2018 VS 2023 VS 2030
- Figure 78:
- VOLUME OF FIBER REINFORCED CONCRETE CONSUMED, CUBIC METERS, CANADA, 2018 - 2030
- Figure 79:
- VOLUME SHARE OF FIBER REINFORCED CONCRETE CONSUMED BY END USE SECTOR, %, CANADA, 2023 VS 2030
- Figure 80:
- VOLUME OF FIBER REINFORCED CONCRETE CONSUMED, CUBIC METERS, MEXICO, 2018 - 2030
- Figure 81:
- VOLUME SHARE OF FIBER REINFORCED CONCRETE CONSUMED BY END USE SECTOR, %, MEXICO, 2023 VS 2030
- Figure 82:
- VOLUME OF FIBER REINFORCED CONCRETE CONSUMED, CUBIC METERS, UNITED STATES, 2018 - 2030
- Figure 83:
- VOLUME SHARE OF FIBER REINFORCED CONCRETE CONSUMED BY END USE SECTOR, %, UNITED STATES, 2023 VS 2030
- Figure 84:
- VOLUME OF FIBER REINFORCED CONCRETE CONSUMED BY COUNTRY, CUBIC METERS, SOUTH AMERICA, 2018 - 2030
- Figure 85:
- VOLUME SHARE OF FIBER REINFORCED CONCRETE CONSUMED BY COUNTRY, %, SOUTH AMERICA, 2018 VS 2023 VS 2030
- Figure 86:
- VOLUME OF FIBER REINFORCED CONCRETE CONSUMED, CUBIC METERS, ARGENTINA, 2018 - 2030
- Figure 87:
- VOLUME SHARE OF FIBER REINFORCED CONCRETE CONSUMED BY END USE SECTOR, %, ARGENTINA, 2023 VS 2030
- Figure 88:
- VOLUME OF FIBER REINFORCED CONCRETE CONSUMED, CUBIC METERS, BRAZIL, 2018 - 2030
- Figure 89:
- VOLUME SHARE OF FIBER REINFORCED CONCRETE CONSUMED BY END USE SECTOR, %, BRAZIL, 2023 VS 2030
- Figure 90:
- VOLUME OF FIBER REINFORCED CONCRETE CONSUMED, CUBIC METERS, REST OF SOUTH AMERICA, 2018 - 2030
- Figure 91:
- VOLUME SHARE OF FIBER REINFORCED CONCRETE CONSUMED BY END USE SECTOR, %, REST OF SOUTH AMERICA, 2023 VS 2030
- Figure 92:
- MOST ACTIVE COMPANIES BY NUMBER OF STRATEGIC MOVES, GLOBAL, 2020 - 2023
- Figure 93:
- MOST ADOPTED STRATEGIES, COUNT, GLOBAL, 2020 - 2023
- Figure 94:
- PRODUCTION SHARE OF FIBER REINFORCED CONCRETE BY MAJOR PLAYERS, %, GLOBAL, 2022
Fiber Reinforced Concrete Industry Segmentation
Commercial, Industrial and Institutional, Infrastructure, Residential are covered as segments by End Use Sector. Glass Fiber, Natural Fiber, Steel Fiber, Synthetic Fiber are covered as segments by Product. Asia-Pacific, Europe, Middle East and Africa, North America, South America are covered as segments by Region.
- Global inflationary pressures, which have raised energy costs and prices of raw materials such as cement, led to a 2.03% volume decline in the global fiber-reinforced concrete market in 2022. However, in 2023, the market was poised for a rebound, with an anticipated growth of 6.15 million cubic meters. This resurgence can be attributed to governments across the world proposing measures to counter inflation's adverse effects and bolster the construction sector.
- In 2022, the global market for reinforced concrete in infrastructure construction claimed the lion's share at 47.19 million cubic meters. This dominance was fueled by a surge in private-public partnerships, a global trend aimed at bolstering infrastructure. The market was set to witness a notable uptick in 2023. With a rising emphasis on sustainable construction and heightened connectivity initiatives, such as road, airport, railway, and port enhancements, backed by government and private-public collaborations, global infrastructure spending was projected to surge by USD 2.7 trillion in 2023 compared to 2022. Consequently, the market is estimated to grow by 5.93% in volume during this period.
- The residential segment in the market studied is expected to register the fastest CAGR of 7.03% during the forecast period. This growth is underpinned by government investments targeting the construction of affordable homes, with a goal of accommodating 3 billion people by 2030. Also, affordable housing schemes and the rapidly growing population with higher disposable incomes and significant purchasing power will increase the demand for new housing units, and the new floor area for residential construction is expected to increase by 9.3 billion sq. ft in 2030 compared to 2022, raising the demand for fiber-reinforced concrete.
| End Use Sector | Commercial | ||
| Industrial and Institutional | |||
| Infrastructure | |||
| Residential | |||
| Product | Glass Fiber | ||
| Natural Fiber | |||
| Steel Fiber | |||
| Synthetic Fiber | |||
| Other Types | |||
| Region | Asia-Pacific | By Country | Australia |
| China | |||
| India | |||
| Indonesia | |||
| Japan | |||
| Malaysia | |||
| South Korea | |||
| Thailand | |||
| Vietnam | |||
| Rest of Asia-Pacific | |||
| Region | Europe | By Country | France |
| Germany | |||
| Italy | |||
| Russia | |||
| Spain | |||
| United Kingdom | |||
| Rest of Europe | |||
| Region | Middle East and Africa | By Country | Saudi Arabia |
| United Arab Emirates | |||
| Rest of Middle East and Africa | |||
| Region | North America | By Country | Canada |
| Mexico | |||
| United States | |||
| Region | South America | By Country | Argentina |
| Brazil | |||
| Rest of South America |
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Market Definition
- End-use Sector - Fiber reinforced concrete consumed in the construction sectors such as commercial, residential, industrial, institutional, and infrastructure are considered under the scope of the study.
- Product/Application - Under the scope of the study, the consumption of fiber-reinforced concrete based on natural fiber, synthetic fiber, glass fiber, steel fiber, and other types are considered.
| Keyword | Definition |
|---|---|
| Accelerator | Accelerators are admixtures used to fasten the setting time of concrete by increasing the initial rate and speeding up the chemical reaction between cement and the mixing water. These are used to harden and increase the strength of concrete quickly. |
| Acrylic | This synthetic resin is a derivative of acrylic acid. It forms a smooth surface and is mainly used for various indoor applications. The material can also be used for outdoor applications with a special formulation. |
| Adhesives | Adhesives are bonding agents used to join materials by gluing. Adhesives can be used in construction for many applications, such as carpet laying, ceramic tiles, countertop lamination, etc. |
| Air Entraining Admixture | Air-entraining admixtures are used to improve the performance and durability of concrete. Once added, they create uniformly distributed small air bubbles to impart enhanced properties to the fresh and hardened concrete. |
| Alkyd | Alkyds are used in solvent-based paints such as construction and automotive paints, traffic paints, flooring resins, protective coatings for concrete, etc. Alkyd resins are formed by the reaction of an oil (fatty acid), a polyunsaturated alcohol (Polyol), and a polyunsaturated acid or anhydride. |
| Anchors and Grouts | Anchors and grouts are construction chemicals that stabilize and improve the strength and durability of foundations and structures like buildings, bridges, dams, etc. |
| Cementitious Fixing | Cementitious fixing is a process in which a cement-based grout is pumped under pressure to fill forms, voids, and cracks. It can be used in several settings, including bridges, marine applications, dams, and rock anchors. |
| Commercial Construction | Commercial construction comprises new construction of warehouses, malls, shops, offices, hotels, restaurants, cinemas, theatres, etc. |
| Concrete Admixtures | Concrete admixtures comprise water reducers, air entrainers, retarders, accelerators, superplasticizers, etc., added to concrete before or during mixing to modify its properties. |
| Concrete Protective Coatings | To provide specific protection, such as anti-carbonation or chemical resistance, a film-forming protective coat can be applied on the surface. Depending on the applications, different resins like epoxy, polyurethane, and acrylic can be used for concrete protective coatings. |
| Curing Compounds | Curing compounds are used to cure the surface of concrete structures, including columns, beams, slabs, and others. These curing compounds keep the moisture inside the concrete to give maximum strength and durability. |
| Epoxy | Epoxy is known for its strong adhesive qualities, making it a versatile product in many industries. It resists heat and chemical applications, making it an ideal product for anyone needing a stronghold under pressure. It is widely used in adhesives, electrical and electronics, paints, etc. |
| Fiber Wrapping Systems | Fiber Wrapping Systems are a part of construction repair and rehabilitation chemicals. It involves the strengthening of existing structures by wrapping structural members like beams and columns with glass or carbon fiber sheets. |
| Flooring Resins | Flooring resins are synthetic materials applied to floors to enhance their appearance, increase their resistance to wear and tear or provide protection from chemicals, moisture, and stains. Depending on the desired properties and the specific application, flooring resins are available in distinct types, such as epoxy, polyurethane, and acrylic. |
| High-Range Water Reducer (Super Plasticizer) | High-range water reducers are a type of concrete admixture that provides enhanced and improved properties when added to concrete. These are also called superplasticizers and are used to decrease the water-to-cement ratio in concrete. |
| Hot Melt Adhesives | Hot-melt adhesives are thermoplastic bonding materials applied as melts that achieve a solid state and resultant strength on cooling. They are commonly used for packaging, coatings, sanitary products, and tapes. |
| Industrial and Institutional Construction | Industrial and institutional construction includes new construction of hospitals, schools, manufacturing units, energy and power plants, etc. |
| Infrastructure Construction | Infrastructure construction includes new construction of railways, roads, seaways, airports, bridges, highways, etc. |
| Injection Grouting | The process of injecting grout into open joints, cracks, voids, or honeycombs in concrete or masonry structural members is known as injection grouting. It offers several benefits, such as strengthening a structure and preventing water infiltration. |
| Liquid-Applied Waterproofing Membranes | Liquid-Applied membrane is a monolithic, fully bonded, liquid-based coating suitable for many waterproofing applications. The coating cures to form a rubber-like elastomeric waterproof membrane and may be applied over many substrates, including asphalt, bitumen, and concrete. |
| Micro-concrete Mortars | Micro-concrete mortar is made up of cement, water-based resin, additives, mineral pigments, and polymers and can be applied on both horizontal and vertical surfaces. It can be used to refurbish residential complexes, commercial spaces, etc. |
| Modified Mortars | Modified Mortars include Portland cement and sand along with latex/polymer additives. The additives increase adhesion, strength, and shock resistance while also reducing water absorption. |
| Mold Release Agents | Mold release agents are sprayed or coated on the surface of molds to prevent a substrate from bonding to a molding surface. Several types of mold release agents, including silicone, lubricant, wax, fluorocarbons, and others, are used based on the type of substrates, including metals, steel, wood, rubber, plastic, and others. |
| Polyaspartic | Polyaspartic is a subset of polyurea. Polyaspartic floor coatings are typically two-part systems that consist of a resin and a catalyst to ease the curing process. It offers high durability and can withstand harsh environments. |
| Polyurethane | Polyurethane is a plastic material that exists in various forms. It can be tailored to be either rigid or flexible and is the material of choice for a broad range of end-user applications, such as adhesives, coatings, building insulation, etc. |
| Reactive Adhesives | A reactive adhesive is made of monomers that react in the adhesive curing process and do not evaporate from the film during use. Instead, these volatile components become chemically incorporated into the adhesive. |
| Rebar Protectors | In concrete structures, rebar is one of the important components, and its deterioration due to corrosion is a major issue that affects the safety, durability, and life span of buildings and structures. For this reason, rebar protectors are used to protect against degrading effects, especially in infrastructure and industrial construction. |
| Repair and Rehabilitation Chemicals | Repair and Rehabilitation Chemicals include repair mortars, injection grouting materials, fiber wrapping systems, micro-concrete mortars, etc., used to repair and restore existing buildings and structures. |
| Residential Construction | Residential construction involves constructing new houses or spaces like condominiums, villas, and landed homes. |
| Resin Fixing | The process of using resins like epoxy and polyurethane for grouting applications is called resin fixing. Resin fixing offers several advantages, such as high compressive and tensile strength, negligible shrinkage, and greater chemical resistance compared to cementitious fixing. |
| Retarder | Retarders are admixtures used to slow down the setting time of concrete. These are usually added with a dosage rate of around 0.2% -0.6% by weight of cement. These admixtures slow down hydration or lower the rate at which water penetrates the cement particles by making concrete workable for a long time. |
| Sealants | A sealant is a viscous material that has little or no flow qualities, which causes it to remain on surfaces where they are applied. Sealants can also be thinner, enabling penetration to a certain substance through capillary action. |
| Sheet Waterproofing Membranes | Sheet membrane systems are reliable and durable thermoplastic waterproofing solutions that are used for waterproofing applications even in the most demanding below-ground structures, including those exposed to highly aggressive ground conditions and stress. |
| Shrinkage Reducing Admixture | Shrinkage-reducing admixtures are used to reduce concrete shrinkage, whether from drying or self-desiccation. |
| Silicone | Silicone is a polymer that contains silicon combined with carbon, hydrogen, oxygen, and, in some cases, other elements. It is an inert synthetic compound that comes in various forms, such as oil, rubber, and resin. Due to its heat-resistant properties, it finds applications in sealants, adhesives, lubricants, etc. |
| Solvent-borne Adhesives | Solvent-borne adhesives are mixtures of solvents and thermoplastic or slightly cross-linked polymers such as polychloroprene, polyurethane, acrylic, silicone, and natural and synthetic rubbers. |
| Surface Treatment Chemicals | Surface treatment chemicals are chemicals used to treat concrete surfaces, including roofs, vertical surfaces, and others. They act as curing compounds, demolding agents, rust removers, and others. They are cost-effective and can be used on roadways, pavements, parking lots, and others. |
| Viscosity Modifier | Viscosity Modifiers are concrete admixtures used to change various properties of admixtures, including viscosity, workability, cohesiveness, and others. These are usually added with a dosage of around 0.01% to 0.1% by weight of cement. |
| Water Reducer | Water reducers, also called plasticizers, are a type of admixture used to decrease the water-to-cement ratio in the concrete, thereby increasing the durability and strength of concrete. Various water reducers include refined lignosulfonates, gluconates, hydroxycarboxylic acids, sugar acids, and others. |
| Water-borne Adhesives | Water-borne adhesives use water as a carrier or diluting medium to disperse resin. They are set by allowing the water to evaporate or be absorbed by the substrate. These adhesives are compounded with water as a dilutant rather than a volatile organic solvent. |
| Waterproofing Chemicals | Waterproofing chemicals are designed to protect a surface from the perils of leakage. A waterproofing chemical is a protective coating or primer applied to a structure's roof, retaining walls, or basement. |
| Waterproofing Membranes | Waterproofing membranes are liquid-applied or self-adhering layers of water-tight materials that prevent water from penetrating or damaging a structure when applied to roofs, walls, foundations, basements, bathrooms, and other areas exposed to moisture or water. |
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Research Methodology
Mordor Intelligence follows a four-step methodology in all our reports.
- Step-1: Identify Key Variables: The quantifiable key variables (industry and extraneous) pertaining to the specific product segment and country are selected from a group of relevant variables & factors based on desk research & literature review; along with primary expert inputs. These variables are further confirmed through regression modeling (wherever required).
- Step-2: Build a Market Model: In order to build a robust forecasting methodology, the variables and factors identified in Step-1 are tested against available historical market numbers. Through an iterative process, the variables required for market forecast are set and the model is built on the basis of these variables.
- Step-3: Validate and Finalize: In this important step, all market numbers, variables and analyst calls are validated through an extensive network of primary research experts from the market studied. The respondents are selected across levels and functions to generate a holistic picture of the market studied.
- Step-4: Research Outputs: Syndicated Reports, Custom Consulting Assignments, Databases & Subscription Platforms
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