Global Concrete Fibers Market 2017-2021
About Concrete Fibers
Concrete fibers are fibrous materials that are added to concrete to increase its structural integrity. These are tiny thread-like structures that are used in concrete to improve its strength and properties.
Technavio’s analysts forecast the global concrete fibers market to grow at a CAGR of 7.28% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the global concrete fibers market for 2017-2021. To calculate the market size, the report considers the retail selling price as the average selling price for the product.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Concrete Fibers Market 2017-2021
Technavio recognizes the following companies as the key players in the global concrete fibers market: BASF, Bekaert, CEMEX, Propex Operating Company, Sika, and W. R. Grace.
Other Prominent Vendors in the market are: ABC Polymer Industries, Reliance Industries, Fibercon International, Owens Corning, Nycon, Fabpro Polymers, THE EUCLID CHEMICAL COMPANY, FORTA, UltraTech Cement, GCR, Helix steel, and Elasto Plastics.
Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is technological advancements. With emerging technological development and innovations, the demand for concrete fibers has been increasing over the years. Technological innovations are expected to increase the market penetration of concrete fibers by making them effective in providing better solutions in end-use sectors. Due to technological advances, the effectiveness of these products in different applications is increasing, and their costs are declining, leading to the growth of the global concrete fibers market.”
According to the report, one of the major drivers for this market is increase in the demand for basalt fibers. Basalt fibers are manufactured by melting quarried basalt rock at about 1,400°C (2,550°F). The molten basalt rock is then extruded through small nozzles to produce continuous filaments of basalt fiber. Basalt fibers are extremely fine fibers that contain minerals such as pyroxene, plagioclase, and olivine. These fibers are natural inorganic fibers and are ideally suited for applications that require high temperature resistance, mechanical strength, chemical resistance, durability, and low water absorption. Basalt fibers are naturally resistant to high-energy electromagnetic radiation and ultraviolet radiation, maintain their properties in cold temperatures and are also resistant to acid.
Further, the report states that one of the major factors hindering the growth of this market is shortage of skilled workforce. Construction projects worldwide require a skilled workforce for jobs such as concreting, plastering, shuttering, laying the foundation, and reinforcement of beams and columns. A shortage of skilled workforce adversely affects the construction industry. This is because the shortage of skilled workforce forces construction market players to pay a premium for the workforce, which has a direct impact on the financials of the already financially-constrained construction companies.
BASF, Bekaert, CEMEX, Propex Operating Company, Sika, W. R. Grace, ABC Polymer Industries, Reliance Industries, Fibercon International, Owens Corning, Nycon, Fabpro Polymers, THE EUCLID CHEMICAL COMPANY, FORTA, UltraTech Cement, GCR, Helix steel, and Elasto Plastics.
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