The global synthetic concrete fibers market is anticipated to grow at a CAGR of 5.0% during the forecast period. The growth of the synthetic concrete fibers market is attributed to the increasing demand for durable construction materials. Synthetic concrete fibres are used in many different construction projects as they make the concrete stronger and more durable. It possesses several benefits, such as making the concrete more resistant to cracking and impacts, and they are easy to use. Engineers and contractors prefer synthetic concrete fibers because they are reliable and make the concrete more resilient. The rising demand has led to increased market opportunities and profitability for key players in the synthetic concrete fibers industry.
Manufacturers including Owens Corning, BASF SE, Sika AG, Jogani Reinforcement, and GCP Applied Technologies, among others are considerably contributing to market growth by adopting various strategies such as mergers and acquisitions, partnerships, collaborations, funding, and new product launches to stay competitive. They focus on developing innovative and technologically advanced synthetic concrete solutions to meet the evolving customer demands and capitalize on the growing market opportunities. For instance, in October 2021, Jogani Reinforcement has launched Polyfiber 3S, a new generation concrete and construction fiber in India. This microscopic fiber adds tensile reinforcement, offering better ductility of the mortar or concrete, making infrastructure more durable and crack-free.
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Market Coverage
- The market number available for – 2023-2031
- Base year- 2023
- Forecast period- 2024-2031
Segment Covered-
- By Type
- By Application
Regions Covered-
- North America
- Europe
- Asia-Pacific
- Rest of the World
Competitive Landscape- Includes BASF SE, FORTA Corp., GCP Applied Technologies Inc., Owens Corning, and Sika AG, among others.
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Synthetic Concrete Fibers Market Report Segment
By Type
- Nylon Fibers
- Polyethylene Fibers
- Polypropylene Fibers
- High Modulus Fiber
- Steel Fibers
- Glass Fibers
By Application
- Industrial Flooring
- Bridge & Road
- Residential & Commercial Building
- Tunnel Construction
- Mining
- Others (Pervious Pavement, Seawalls & Coastal Protection)
Synthetic Concrete Fibers 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
- Allied Concrete
- ArcelorMittal
- CEMEX
- CRH plc
- Groupe Solmax Inc.
- ISW Corporation Inc.
- Lanco
- NV Bekaert SA
- NYCON Corp.
- Pensmore Reinforcement Technologies, LLC
- Polymer Industries, LLC
- Recykal
- RPM INTERNATIONAL INC.
- TUF-STRAND SF
- R. Grace & Co.
- Xorex Steel Fiber
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