New York, United States, September 5, 2022 (GLOBE NEWSWIRE) — Reinforcement fiber in concrete is a fibrous material used to increase the mechanical strength of concrete. The main function of fibers in concrete is to reduce cracking caused by plastic shrinkage and moisture loss during the hardening phase. Fiber concrete has unique properties such as superior stability, structural durabilityand temperature resistancewhich are absent in conventional concrete.
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Increasing preference for sustainable solutions due to environmental constraints
Environmental regulations are having a favorable effect on the demand for concrete reinforcing fibers. Evolving environmental regulations have forced numerous end-use industries to adopt more fiber-based reinforcements and sustainable solutions, and concrete reinforcement fibers are just what you need because of their eco-friendly and high strength and durability properties.
Environmental concerns are expected to increase sales of concrete reinforcing fibers in the future. producer of Fiber Concrete (FRC) are aware of the developing potential in the FRC market and encourage capacity development to meet future demand.
Commodity price volatility and availability of alternatives
Polypropylene and polyester are the raw materials used to manufacture concrete reinforcement fibers for various construction uses. Due to the volatility of crude oil prices, the price of polypropylene fiber concrete is also increasing. Price volatility of raw materials and availability of substitutes are major issues that are somewhat constraining the reinforced concrete market.
report scope
| report metrics | details |
| market size | $3.86 billion by 2030 |
| CAGR | 6.82% (2022-2030) |
| Historical data | 2019-2020 |
| base year | 2021 |
| forecast period | 2022-2030 |
| Forecast Units | Value (Billion USD) |
| Report… |
