According to Concrete Reinforcing Fiber report, the global market is anticipated to witness a moderately higher growth rate during the forecast period. With the appropriate use of excellent practice models and brilliant method of research, an exceptional market report is generated which aids businesses to unearth the greatest opportunities to prosper in the market. This market report studies mounting opportunities in the market and associated influencing factors which are valuable for the businesses. Businesses can confidently rely on the information mentioned in Concrete Reinforcing Fiber report as it is derived only from the valuable and genuine resources.
Data Bridge Market Research analyses that the concrete reinforcing fiber market was valued at USD 2.59 billion in 2021 and is expected to reach USD 4.13 billion by 2029, registering a CAGR of 6.00 % during the forecast period of 2022 to 2029. The market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, patent analysis and technological advancements.
Browse Full Report Along With Facts and Figures @ t https://www.databridgemarketresearch.com/reports/global-concrete-reinforcing-fiber-market
Market Overview:
Fiber reinforcing fiber concrete is a concrete which is primarily made up of aggregates, hydraulic cements, and discrete reinforcing fibers. Fibers are appropriate for reinforcing concrete which have been manufactured from glass, steel, and organic polymers (synthetic fibers). Naturally occurring vegetable fibers and asbestos fibers, such as jute and sisal are also used for reinforcement. The concrete bases may be normally proportioned mixtures, mortars, or specially formulated for a specific application. If it is properly planned, then gained the greatest benefits by using fiber reinforcement which improved long-term serviceability of the product or structure.
COVID-19 Impact on Global Concrete Reinforcing Fiber Market
Covid-19 is anticipated to spell uncertainty for the construction industry. During Covid-19 epidemic the commercial sector is mainly affected by a change in customer sentiment. The industry is dealing with broader systemic changes to e-commerce and the expected change to homework, reducing demand for innovations in city-center offices and further diverting retail spending from high streets to online. Due to these reasons the construction yield has considerably fallen during the pandemic. Besides, manufacturers are anticipated to be decrease demand of raw material orders due to a main effect on the logistics industry due to the lockdown in the COVID-19 area. All these issues are hindering the concrete reinforcing fiber industry growth during the pandemic.
Recent Development
In September 2020, GCP Applied Technologies Inc. launched the new mobile app solution for STRUX 90/40 macro synthetic fibers which was Version 2.0, this is use in different concrete applications.
Some of the major players operating in the concrete reinforcing fiber market are:
- Fibercon International Inc (US)
- Sika AG (Switzerland)
- ICT Polymer Industries LLC (US)
- Bekaert (Belgium)
- FORTA Concrete Fibre (US)
- GCP Applied Technologies Inc (US)
- Nycon (US)
- CEMEX S.A.B. de C.V (Mexico)
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