Global concrete fiber market is anticipated to grow at a considerable CAGR of 9.4% during the forecast period (2024-2031).To improve the strength, durability, fatigue, and stress resistance of concrete, among other qualities, concrete fiber is utilized in tunnel and mining applications. It is utilized to redistribute the forces within the concrete structure of subways and tunnel linings. Concrete fiber is frequently used in mining operations to prevent cracks from forming in concrete structures, as a result of the growing demand for minerals and mining metals. Concrete fiber is also frequently utilized to lessen the occurrence of cracks in concrete products. Furthermore, as a result of fast industrialization, concrete fiber-based industries that increase the tensile strength of industrial structures have proliferated in both established and emerging nations. 

Furthermore, governments around the world are constantly emphasizing the creation of infrastructure that uses concrete fiber to improve tensile strength, distribute weight, and stop cracks. When taken as a whole, these variables should boost concrete fiber sales within the building and construction industries, supporting the market's expansion. Concrete fiber is also utilized in industrial constructions to improve load-bearing capacity, decrease air spaces, and increase tensile strength, among other properties. It prevents crack formation in beams, pliers, and foundations by spreading the load evenly.

In February 2022, TARMAC supplied a low-carbon basalt-fiber-reinforced concrete for a trial on a temporary haul road for construction vehicles, as part of National Highways' M42 Junction 6 improvement scheme. Tarmac, has provided two types of concrete for the trial, a mix comprising conventional blended cementitious material and a low-carbon alternative mix incorporating an alkali-activated cementitious material (AACM) in place of the cement.

In October 2021, Jogani Reinforcement launched a poly fiber 3S new-generation concrete and construction fiber for durable and crack-free infrastructure in India. 

In August 2021, Owens Corning launched a PINK Next Gen Fiberglass insulation. This product features advanced fiber technology, this superior insulation solution enables up to 23.0% faster installation compared to our existing products. The advanced fiber technology creates a tightly woven network of soft, fine fibers to form a super-resilient blanket of insulating micro-pockets. Leveraging several new technology innovations, the new product is safe for installers and residents and faster to install than competitive insulation products and spray foam insulation. As no hazardous chemicals are required to be mixed on the install site, there is less potential for human error, increasing peace of mind for installers and residents.

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Market Coverage

•                 The market number available for – 2023-2031

•                 Base year- 2023

•                 Forecast period- 2024-2031

Segment Covered- 

•                 By Product Type

•                 By Application

•                 By End-use

Regions Covered-

•                 North America

•                 Europe

•                 Asia-Pacific

•                 Rest of the World

Competitive Landscape- ABC Polymer Industries LLC, BASF SE, Owens Corning, Sika AG, GCP Applied Technologies Inc., and The Euclid Chemical Company, among others.

Concrete Fiber Market Report Segment

By Product Type

•                 Steel Fiber

•                 Synthetic Fiber

•                 Polypropylene

•                 Nylon

•                 Polyester

•                 Other

•                 Glass Fiber

•                 Natural Fibers

•                 Basalt fibers

By Application

•                 Pavement

•                 Shotcrete

•                 Precast

•                 Slabs on Grade

•                 Composite Metal Decks

•                 Others

By End-use

•                 Residential Infrastructure

•                 Industrial & Commercial Infrastructure

•                 Roads & Bridges

•                 Others (Agriculture, Waterways)

A full Report of Concrete Fiber Market is Available @ https://www.omrglobal.com/industry-reports/concrete-fiber-market

Concrete Fiber Market Report Segment by Region

North America                                                                                                           

·        United States

·        Canada                     

Europe

·        UK

·        Germany

·        Spain

·        France

·        Italy

·        Rest of Europe

Asia-Pacific

·                  India

·                  China

·                  Japan              

·                  South Korea

·                  Rest of APAC

Rest of the World

•       Latin America

•       Middle East and Africa 

Company Profiles

•                 ABC Polymer Industries, LLC

•                 CEMEX S.A.B. de C.V.

•                 Fibercon International Inc.

•                 Forta Concrete Fiber

•                 GCP Applied Technologies Inc.

•                 Nycon Corp.

•                 N.V. Bekaert S.A.

•                 Sika AG

•                 The Euclid Chemical Co.

•                 U.S. Concrete Products

•                 UltraTech Cement Ltd.

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