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  • Published On : Jun 2022
  • Code : CMI5052
  • Industry : Advanced Materials
  • Pages : 135
  • Formats :

The use of fibers in concrete provides numerous benefits beyond improved durability. Fibers provide aesthetic value as well as increased durability. Fiber-reinforced concrete is a versatile mix, suitable for on-ground floors, pavements, and other construction parts. Fibers can be any length, shape, or composition, enhancing the look and feel of the final project. During the application of Fiber Reinforced Concrete, the fibers are laid evenly throughout the concrete to ensure a consistent finish and a smooth surface.


Market Statistics:

The global Fiber Reinforced Concrete (FRC) market was valued at US$ 2,330.40 Mn in 2020 and is forecast to reach a value of US$ 3705.00 Mn by 2028 at a CAGR of 5.64% between 2022 and 2028.

North America held dominant position in the global Fiber Reinforced Concrete (FRC) market in 2020, accounting for 31.39% share in terms of value, followed by Asia Pacific and Europe, respectively.

Figure 1. Global Fiber Reinforced Concrete Market Value Share (%), By Region, 2021

Fiber Reinforced Concrete  | Coherent Market Insights

Recent Developments:

  1. In December 2021, GCP Applied Technologies signed a definitive agreement by which Saint-Gobain will acquire all the outstanding shares of GCP Applied Technologies for USD 32.00 per share, in cash, in a transaction valued at approximately USD 2.3 billion. Closing of the transaction is subject to GCP shareholders’ approval, antitrust approvals, and satisfaction of other customary closing conditions. It is expected to close by year-end 2022.
  2. In June 2021, The company launched new concrete reinforcing fiber solution SikaFiber-1050 B&BA HF, which enhances concrete topping durability,  reduces  shrinkage cracking and can be used for block and beam floors.
  3. In November 2021, Euclid Chemical announced its acquisition of the business of Brett Admixtures, a liquid concrete admixtures manufacturer, which primarily serves the upper Midwest of the United States and Canada's Manitoba province. This acquisition serves as an opportunity for Euclid Chemical to drive greater growth across the business, while continuing to provide specialty products and technical support services for the concrete and masonry construction industry.
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Fiber Reinforced Concrete Market Report Coverage

Report Coverage Details
Base Year: 2021 Market Size in 2021: US$  2,426.52 Mn
Historical Data for: 2017 to 2020 Forecast Period: 2022 to 2028
Forecast Period 2022 to 2028 CAGR: 5.64% 2028 Value Projection: US$ 3705.00 Mn
Geographies covered:
  • North America: U.S. and Canada
  • Latin America: Brazil, Argentina, Mexico, and Rest of Latin America
  • Europe: Germany, U.K., Spain, France, Italy, Russia, and Rest of Europe
  • Asia Pacific: China, India, Japan, Australia, South Korea, ASEAN, and Rest of Asia Pacific
  • Middle East: GCC Countries, Israel, and Rest of Middle East
  • Africa: South Africa, North Africa, and Central Africa
Segments covered:
  • By Type: Natural Fiber, Synthetic Fiber, Glass Fiber, Steel Fiber, Other Types
  • By end-user industry: Infrastructure, Building and Construction, Mining and Tunnel, Industrial Flooring, Other End-user Industries
Companies covered:

Bekaert, CEMEX SAB de CV, GCP Applied Technologies Inc., MBCC Group 6.4.5KrampeHarex GmbH & Co. KG, Nycon, Sika AG, and The Euclid Chemical Company

Growth Drivers:
  • Rise in construction industry
  • Increasing investment by government in construction sector
Restraints & Challenges:
  • Availability of ready-to-use concrete strands
  • Impact of Covid-19

Market Drivers:

Rapid growth of construction industry with increasing demand for durable and high-strength concrete material is primarily driving growth of the Fiber Reinforced Concrete (FRC) market. Increasing construction of residential and commercial building in Europe and North America is again anticipated to foster market growth. According to the US Census Bureau, the total value of construction put in place rose for the third consecutive quarter, posting a quarter-on-quarter (Q-o-Q) rate of 2.2% in Q1 2021, compared to an increase of 4.7% in Q4 2020.

Increasing investment by government on development of infrastructure is also anticipated to foster market growth. For instance, according to Budget 2019-20, India plans to spend USD 1.4 trillion on infrastructure in the next 5 years.

Figure 2. Global Fiber Reinforcement Concrete Market Value Share (%), By Polymer, 2021

Fiber Reinforced Concrete  | Coherent Market Insights

Market Restraints:

Availability of ready-to-use concrete strands as they the potential to replace the concrete reinforcement is expected to hinder growth of the market. These strands provide enhanced strength and they are majorly used to construct highways, poles, water towers in civil construction, and energy source sea transportation, house buildings, water control projects, and rock and earth anchoring components.

Outbreak of covid-19 has severely impacted the global economy, this has drastically reduce the demand for concrete products and raw materials. Construction sector has witnessed problems in project development.

Market Opportunities:

Increasing population is surging demand for residential as well as construction sector. This is expected to offer lucrative growth opportunities to the market. Rapid industrialization and urbanization is also anticipated to shape the market growth positively. According to the United Nation, all over the world, a growing proportion of the population lives in cities. In 2010, 51.6 per cent lived in urban areas. By 2020, the share of urban population increased to 56.2 per cent. It is generally higher in the developed (79.2 per cent in 2020) than in the developing world (51.6 per cent

Growing R &D by key players to enhance the properties of concrete such as stiffness and strength is projected to bring bright opportunities in the near future. For instance, in September 2021, Ambuja Cements has introduced a one-of-its-kind initiative, “Concrete Futures Laboratory” (CFL), a one-stop solution for the architect, engineer and construction professionals’ community (AEC). The CFL enables experts and budding professionals’ to ‘test, learn and experience’ various aspects of cement and concrete.

Market Trends/Key Takeaways:

Increasing launch of new product due to advancement in the technology is expected to be one of the trend in the market. For instance, in October 2021, Jogani Reinforcement introduced polyfiber 3S new generation concrete and construction fiber for durable and crack free infrastructure in India.

Upcoming global infrastructure project is projected to augment market growth. For instance, in March 2021, Germany's Deutsche Bahn (DB) announced that it would spend EUR 12.7 billion (USD 15.3 billion) on modernizing its rail network as well as some train stations.

Competitive Landscape:

  1. Bekaert
  2. CEMEX SAB de CV
  3. GCP Applied Technologies Inc.
  4. MBCC Group 6.4.5KrampeHarex GmbH & Co. KG
  5. Nycon
  6. Sika AG
  7. The Euclid Chemical Company

Fiber-reinforced concrete is durable and shatter-resistant. In addition to its strength and versatility, fibers can be easily incorporated into existing concrete or made from new materials. The use of fibers in concrete is not limited to structural applications. It can be used for on-ground floors, pavements, and other construction parts. The fibers used in Fiber Reinforced Concrete can be microfibers or macrofibers. Microfibers are commonly made from polypropylene and nylon, while macrofibers are cheaper alternatives to welded wire.

Market Dynamics:

Rapid growth in construction sector and increasing investment in construction industry is augmenting growth of the global fiber reinforced concrete (FRC) market. Moreover, growing demand for advanced and high-performance construction material is again anticipated to foster market growth. Furthermore, upcoming transport projects is further projected support market growth.

On the other hand, fluctuating price of raw material and availability of ready-to-use concrete strands are expected to restrict growth of the market.

Key features of the study:

  • This report provides in-depth analysis of the global fiber reinforced concrete (FRC) market, and provides market size (US$ Million) and compound annual growth rate (CAGR%) for the forecast period (2022–2028), considering 2021 as the base year
  • It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
  • This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends,  regional outlook, and competitive strategies adopted by key players
  • It profiles key players in the global fiber reinforced concrete (FRC) market based on the following parameters – company highlights, products portfolio, key highlights, financial performance, and strategies
  • Key companies covered as a part of this study include Bekaert, CEMEX SAB de CV, GCP Applied Technologies Inc., MBCC Group 6.4.5KrampeHarex GmbH & Co. KG, Nycon, and Sika AG
  • Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
  • The global fiber reinforced concrete (FRC) market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
  • Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global fiber reinforced concrete (FRC) market

Detailed Segmentation:

  • Global Fiber Reinforced Concrete Market, By Type
    • Natural Fiber
    • Synthetic Fiber
    • Glass Fiber
    • Steel Fiber
    • Other Types
  • Global Fiber Reinforced Concrete Market, By End-user Industry
    • Infrastructure
    • Building and Construction
    • Mining and Tunnel
    • Industrial Flooring
  • Global Fiber Reinforced Concrete Market, By Geography
    • Asia-Pacific
    • North America
    • Europe
    • South America
    • Middle East & Africa

Frequently Asked Questions

The global Fiber Reinforced Concrete (FRC) market size is estimated to be valued at US$ 2,426.52 Million in 2021 and is expected to exhibit a CAGR of 5.64% between 2022 and 2028.
Rapid growth in construction industry and increasing investment in construction sector are fuelling the growth of the market.
The Building & Construction end user segment is the leading component segment in the market.
Availability of ready-to-use concrete strands and impact of Covid-19 are the major factors restraining growth of the (FRC) market.
Major players operating in the market are Bekaert, CEMEX SAB de CV, GCP Applied Technologies Inc., MBCC Group 6.4.5KrampeHarex GmbH & Co. KG, Nycon, Sika AG, and The Euclid Chemical Company

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