UK concrete reinforcing fiber market is estimated to grow at a CAGR of 4.1% during the forecast period. Rising industrialization is one of the factors that may contribute to drive market growth. UK government support to small and medium enterprises (SMEs) is a key factor driving industrialization in the country. As per the UK Government, there are more than 5.7 million SMEs in the UK. More than 40% of Department for International Development (DFID) funds in 2017-18 were delivered through SMEs. With this DFIDs commitment and SME action plan to constantly improve practices, the department focusing on achieving 40% SME investment by 2022, which is an extending goal more than the UK government’s target of 33%.
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This, in turn, is expected to drive the demand for fiber-reinforced concrete that can be utilized in a range of applications such as highways, roadways, and bridges, ports, and airports, residential, commercial, and more It is appropriate for concrete applications that need protection from plastic and drying shrinkage, increased service life, reduced construction costs, improved durability. The fibers application in concrete can decrease the consumption of energy of a construction project and thereby supports green building practices. It is appropriate for concrete applications that need protection from plastic and drying shrinkage, increased service life, reduced construction costs, improved durability.
The fibers application in concrete can decrease the consumption of energy of a construction project and thereby supports green building practices. Additionally, the companies are expanding their presence in UK markets by using some potential strategic initiatives. For instance, in May 2018, GCP Applied Technologies Inc. announced the acquisition of UK based R.I.W. Ltd., a provider of waterproofing products. The company offers products for applications in residential and commercial construction. This will support R.I.W. to leverage GCP’s distribution channels to further increase its penetration of waterproofing projects in the UK.
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Scope of the UK Concrete Reinforcing Fiber Market
Market Coverage
- Market number available for 2019-2026
- Base year- 2019
- Forecast period- 2020-2026
- Segment Covered- By Type and Application
- Competitive Landscape- Sika AG, BASF SE, Owens Corning, and GCP Applied Technologies Inc.
UK Concrete Reinforcing Fiber Market-Segmentation
By Type
- Steel Fiber
- Synthetic Fiber
- Natural Fiber
- Glass Fiber
- Others
By Application
- Infrastructure
- Residential and Commercial
- Industrial
(This release has been published on OMR Industry Journal. OMR Industry Journal is not responsible for any content included in this release.)
