Concrete Reinforcing Fiber Market Analysis, Segments, Growth and Value Chain 2018-2028
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Concrete
reinforcing fiber sales are being positively influenced by stringency
in environmental regulations. The evolution of environment regulations
has forced various end-use industries to alter their modes of
production, and include more of fiber based reinforcements. Future sales
of concrete reinforcing fibers are likely to be driven by environmental
concerns.
Concrete reinforcing fiber manufacturers are aware of the emerging
opportunities in the market and are expanding capacity expansion to meet
future demand. Sika’s focus on producing high-performance concrete
reinforcing fibers at its facility in Germany, is in sync with the
expectation of heightened demand for concrete reinforcing fiber.
Demand for steel and synthetic fibers in concrete applications is
growing at a brisk pace, with global volumes estimated at CHF 800
million. Demand has been especially spectacular for synthetic fibers.
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Concrete reinforcing fiber sales are being positively influenced by
macroeconomic factors including growing focus on infrastructure
development, especially in developing countries. The growing investments
in construction and infrastructure development in China and India have
led to a surge in demand for construction materials, and concrete
reinforcing fibers are likely to gain ground on account of these
factors.
Expenditure on construction in China is likely to grow at high
single-digit rates in 2019. This is likely to create substantial demand
for construction materials in the country. Growing population,
increasing urbanization, and household growth in the country are among
the key factors that are likely to fuel demand for concrete reinforcing
fiber in China.
Demand for concrete reinforcing fibers is likely to remain concentrated
in the residential building construction, which accounts for one-third
of all construction in China. The government investment in creating
affordable housing for low-income families is also likely to provide the
much-needed impetus to concrete reinforcing fiber market in China
during the assessment period.
Infrastructure spending on non-residential projects is also likely to
provide an impetus to growth of concrete reinforcing fiber market in
China. Spending on nonresidential buildings will remain higher than
residential spending, and this will create new avenues of growth for
manufacturers.
The prospects of concrete reinforcing fiber market are also likely to be
influenced by the growing focus on infrastructure development in India.
The Indian government has earmarked nearly US$ 1 trillion for
infrastructure investment. The Smart Cities project of the Indian
government is also likely to provide an impetus to demand for
construction equipment in the country.
Recovery in US Housing to Augur well for Concrete Reinforcing Fiber Market
The demand for concrete reinforcing fiber in the US is likely to grow
steadily as the housing market witnesses an improvement. The US housing
market is directly linked to the health of the economy, and with key
indicators, such as high employment and lower taxes creating favorable
solutions. These factors are likely to stimulate the US housing market,
which in turn, is likely to create momentum in the construction
equipment landscape.
Demand for concrete reinforcing fibers is also likely to improve in
Europe on account of steady growth in Netherlands, Germany, and Austria.
The high consumer spending, coupled with Eurozone recovery is also
likely to provide an impetus to growth. The structural reforms to
improve the economy are also likely to provide an impetus to demand for
construction equipment in in Europe. These macro factors are also likely
to provide an impetus to growth of the market over the forecast period.
The research study on concrete reinforcing fiber market offers detailed
analysis and insights on the basis of key segments and regions. The
research study provides information and analysis on the basis of North
America, Latin America, Asia Pacific excluding Japan (APEJ), Japan,
Europe, and MEA.
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Concrete Reinforcing Fiber Market: Competition Benchmarking
According to the research study on concrete reinforcing fiber market,
the key players are Fibercon International Inc (U.S.), Sika AG
(Switzerland), ABC Polymer Industries LLC (U.S.), Bekaert (Belgium),
FORTA Corporation (U.S.), Nycon Corporation (U.S.), CEMEX S.A.B. de C.V.
(Mexico), Owens Corning (U.S.), The Euclid Chemical Company (U.S), W.R.
Grace & Co.(U.S.) , Propex Global (U.S.)
The research report on Concrete reinforcing fiber market presents a
comprehensive analysis, assaying some key aspects including market
dynamics, segmentation analysis, and coopetition profiling. Apart from
the historical data analysis, the report on Concrete reinforcing fiber
market also highlights present growth, year-on-year growth, and
forecast—providing a better understanding of the Concrete reinforcing
fiber market. The report encompasses an in-depth market analysis on the
basis of:
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