Fiber Reinforced Concrete Market by Material, Technology, Applications, End-users

Description

List of Tables

[181 Pages Report] The Fiber Reinforced Concrete Market size was estimated at USD 2.10 billion in 2023 and expected to reach USD 2.23 billion in 2024, at a CAGR 6.69% to reach USD 3.31 billion by 2030.

Fiber reinforced concrete (FRC) is a specialized form of concrete that enhances its structural integrity by incorporating discrete, small fibers into the concrete mix. These fibers can be made from steel, glass, synthetic polymers, or natural materials like coconut fibers. The primary function of these fibers is to increase the concrete's resistance to cracking, improve its structural durability, and enhance its tensile strength. The fiber reinforced concrete (FRC) market is poised for rapid growth, driven by the increasing demand for durable and resilient construction materials. The superior crack resistance, strength, and longevity offered by FRC make it an appealing choice for infrastructure projects, including roads, bridges, and buildings. Despite its advantages, the high cost associated with its adoption can deter stakeholders from investing in FRC for construction projects. However, technological advancements in fiber materials and concrete compositions offer avenues for innovation, potentially lowering costs and enhancing performance characteristics. The shift towards green building materials and the increasing regulatory push for sustainable construction practices create a conducive environment for the future growth of the fiber reinforced concrete market.

KEY MARKET STATISTICS
Base Year [2023]	USD 2.10 billion
Estimated Year [2024]	USD 2.23 billion
Forecast Year [2030]	USD 3.31 billion
CAGR (%)	6.69%

Material: Higher demand for glass and steel fibers, offering high tensile strength

Glass fibers, known for their high tensile strength and flexibility, are commonly used in the reinforcement of concrete. These fibers are made from fine strands of glass and are especially valued for their ability to disperse within the concrete mix, improving its structural integrity without significantly increasing its weight. Moreover, glass fibers contribute to the durability and toughness of the composite material, making it resistant to impact, tensile, and flexural stresses. Natural fibers derived from plant, animal, or mineral sources are preferred for their sustainability, biodegradability, and lower economic cost. Their absorption of water can also lead to issues with the concrete's stability and long-term performance, necessitating appropriate treatments or modifications of the fiber surfaces for optimal use in concrete reinforcement. Steel fibers, characterized by their high tensile strength and ductility, are extensively used in reinforcing concrete for industrial and commercial applications. These fibers can significantly enhance concrete's load-bearing capacity, resistance to cracking and spalling, and overall durability. Synthetic fibers, made from materials such as polypropylene, nylon, and polyester, offer a range of benefits for reinforcing concrete. These fibers are known for their resistance to chemicals, moisture, and UV radiation, making them suitable for a variety of environments. Synthetic fibers can improve the plastic shrinkage and crack resistance of concrete, enhancing its durability and reducing maintenance requirements.

Applications: Growing adoption of FRC in public construction to withstand extreme weather conditions

In building construction, fiber reinforced concrete (FRC) represents a transformative material, offering enhanced durability, sustainability, and design flexibility. Particularly beneficial in seismic zones, FRC's high tensile strength and crack resistance make it an ideal choice for residential, commercial, and industrial structures requiring robust seismic performance. Beyond structural applications, its versatility extends to aesthetic elements, including facades, owing to the material's ability to adopt various shapes and finishes. Fiber reinforced concrete has emerged as a crucial material in developing public infrastructure, addressing the critical need for durability and longevity in high-use environments. Its application spans a diverse array of projects, including roads, bridges, tunnels, and wastewater treatment facilities. FRC's resistance to wear and tear from traffic and environmental factors for roadways leads to longer lifespans and reduced maintenance disruptions. In bridge construction, the material's superior crack resistance and strength characteristics contribute to safer, more resilient structures capable of withstanding harsh conditions and heavy loads.

Regional Insights

The market for fiber reinforced concrete (FRC) in the Americas is experiencing steady growth, primarily owing to increased infrastructure projects and the renovation of old structures. The United States, being a significant contributor, is witnessing a surge in the adoption of FRC in commercial and residential construction projects. In the EMEA region, the market is characterized by a high adoption rate of advanced construction materials, including FRC. Europe has a robust growth pattern, influenced by stringent environmental regulations and the push for sustainable construction practices. The Middle East, with its ambitious infrastructural developments, is heavily investing in FRC for its benefits of durability and corrosion resistance. Asia-Pacific is witnessing the fastest growth in the FRC market, driven by rapid urbanization and industrial growth. Countries including China and India are major contributors, with massive infrastructure projects and a focus on building resilient structures. The region's inclination towards modern construction techniques and materials is significantly boosting the demand for FRC.

FPNV Positioning Matrix

The FPNV Positioning Matrix is pivotal in evaluating the Fiber Reinforced Concrete Market. It offers a comprehensive assessment of vendors, examining key metrics related to Business Strategy and Product Satisfaction. This in-depth analysis empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital (V).

Market Share Analysis

The Market Share Analysis is a comprehensive tool that provides an insightful and in-depth examination of the current state of vendors in the Fiber Reinforced Concrete Market. By meticulously comparing and analyzing vendor contributions in terms of overall revenue, customer base, and other key metrics, we can offer companies a greater understanding of their performance and the challenges they face when competing for market share. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With this expanded level of detail, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.

Key Company Profiles

The report delves into recent significant developments in the Fiber Reinforced Concrete Market, highlighting leading vendors and their innovative profiles. These include Arabian Tile Company Ltd., ASAHI KOHMATSU CO., LTD., Bajaj Reinforcements LLP, BarChip Inc., BB fiberbeton A/S, BCM GRC Limited, Birla White buy UltraTech Cement Limited, Buddy Rhodes Concrete Products by Smooth-On, Inc., Cemex, S.A.B. de C.V., Chiltern GRC Ltd., Fibrex LLC, Formglas Products Ltd., FORTA Corporation, Ibstock Telling, Quattro Design Solutions, Sika AG, Silica Systems, Inc., Stromberg Architectural, SureCrete, and Willis Construction Co. Inc..

Market Segmentation & Coverage

This research report categorizes the Fiber Reinforced Concrete Market to forecast the revenues and analyze trends in each of the following sub-markets:

Material
- Glass Fibers
- Natural Fibers
- Steel Fibers
- Synthetic Fibers

Technology
- Hybrid FRC
- Premixed FRC

Applications
- Building Construction
- Public Infrastructure

End-users
- Commercial Construction
- Industrial Construction
- Residential Construction

Region
- Americas
  - Argentina
  - Brazil
  - Canada
  - Mexico
  - United States
    - California
    - Florida
    - Illinois
    - New York
    - Ohio
    - Pennsylvania
    - Texas
- Asia-Pacific
  - Australia
  - China
  - India
  - Indonesia
  - Japan
  - Malaysia
  - Philippines
  - Singapore
  - South Korea
  - Taiwan
  - Thailand
  - Vietnam

Europe, Middle East & Africa
- Denmark
- Egypt
- Finland
- France
- Germany
- Israel
- Italy
- Netherlands
- Nigeria
- Norway
- Poland
- Qatar
- Russia
- Saudi Arabia
- South Africa
- Spain
- Sweden
- Switzerland
- Turkey
- United Arab Emirates
- United Kingdom

The report offers valuable insights on the following aspects:

1. Market Penetration: It presents comprehensive information on the market provided by key players.

2. Market Development: It delves deep into lucrative emerging markets and analyzes the penetration across mature market segments.

3. Market Diversification: It provides detailed information on new product launches, untapped geographic regions, recent developments, and investments.

4. Competitive Assessment & Intelligence: It conducts an exhaustive assessment of market shares, strategies, products, certifications, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players.

5. Product Development & Innovation: It offers intelligent insights on future technologies, R&D activities, and breakthrough product developments.

The report addresses key questions such as:

1. What is the market size and forecast of the Fiber Reinforced Concrete Market?

2. Which products, segments, applications, and areas should one consider investing in over the forecast period in the Fiber Reinforced Concrete Market?

3. What are the technology trends and regulatory frameworks in the Fiber Reinforced Concrete Market?

4. What is the market share of the leading vendors in the Fiber Reinforced Concrete Market?

5. Which modes and strategic moves are suitable for entering the Fiber Reinforced Concrete Market?

Product Code: MRR-8E373E9E204E

1. Preface

1.1. Objectives of the Study
1.2. Market Segmentation & Coverage
1.3. Years Considered for the Study
1.4. Currency & Pricing
1.5. Language
1.6. Stakeholders

2. Research Methodology

2.1. Define: Research Objective
2.2. Determine: Research Design
2.3. Prepare: Research Instrument
2.4. Collect: Data Source
2.5. Analyze: Data Interpretation
2.6. Formulate: Data Verification
2.7. Publish: Research Report
2.8. Repeat: Report Update

3. Executive Summary

4. Market Overview

5. Market Insights

5.1. Market Dynamics
- 5.1.1. Drivers
  - 5.1.1.1. Increasing demand for durable and reliable construction materials
  - 5.1.1.2. Push for urbanization and growth in infrastructure development activities
- 5.1.2. Restraints
  - 5.1.2.1. High cost associated with production and implementation of fiber reinforced concrete
- 5.1.3. Opportunities
  - 5.1.3.1. Advancements in fiber technology and development of new fiber reinforced concrete
  - 5.1.3.2. Increasing emphasis on sustainable and green construction practices
- 5.1.4. Challenges
  - 5.1.4.1. Variability in the quality of fibers and inconsistency in the mix design
5.2. Market Segmentation Analysis
- 5.2.1. Material: Higher demand for glass and steel fibers, offering high tensile strength
- 5.2.2. Applications: Growing adoption of FRC in public construction to withstand extreme weather conditions
5.3. Market Disruption Analysis
5.4. Porter's Five Forces Analysis
- 5.4.1. Threat of New Entrants
- 5.4.2. Threat of Substitutes
- 5.4.3. Bargaining Power of Customers
- 5.4.4. Bargaining Power of Suppliers
- 5.4.5. Industry Rivalry
5.5. Value Chain & Critical Path Analysis
5.6. Pricing Analysis
5.7. Technology Analysis
5.8. Patent Analysis
5.9. Trade Analysis
5.10. Regulatory Framework Analysis

6. Fiber Reinforced Concrete Market, by Material

6.1. Introduction
6.2. Glass Fibers
6.3. Natural Fibers
6.4. Steel Fibers
6.5. Synthetic Fibers

7. Fiber Reinforced Concrete Market, by Technology

7.1. Introduction
7.2. Hybrid FRC
7.3. Premixed FRC

8. Fiber Reinforced Concrete Market, by Applications

8.1. Introduction
8.2. Building Construction
8.3. Public Infrastructure

9. Fiber Reinforced Concrete Market, by End-users

9.1. Introduction
9.2. Commercial Construction
9.3. Industrial Construction
9.4. Residential Construction

10. Americas Fiber Reinforced Concrete Market

10.1. Introduction
10.2. Argentina
10.3. Brazil
10.4. Canada
10.5. Mexico
10.6. United States

11. Asia-Pacific Fiber Reinforced Concrete Market

11.1. Introduction
11.2. Australia
11.3. China
11.4. India
11.5. Indonesia
11.6. Japan
11.7. Malaysia
11.8. Philippines
11.9. Singapore
11.10. South Korea
11.11. Taiwan
11.12. Thailand
11.13. Vietnam

12. Europe, Middle East & Africa Fiber Reinforced Concrete Market

12.1. Introduction
12.2. Denmark
12.3. Egypt
12.4. Finland
12.5. France
12.6. Germany
12.7. Israel
12.8. Italy
12.9. Netherlands
12.10. Nigeria
12.11. Norway
12.12. Poland
12.13. Qatar
12.14. Russia
12.15. Saudi Arabia
12.16. South Africa
12.17. Spain
12.18. Sweden
12.19. Switzerland
12.20. Turkey
12.21. United Arab Emirates
12.22. United Kingdom

13. Competitive Landscape

13.1. Market Share Analysis, 2023
13.2. FPNV Positioning Matrix, 2023
13.3. Competitive Scenario Analysis
- 13.3.1. Foley Products Acquires Florida Underground Infrastructure Manufacturer Coastal Precast
- 13.3.2. Sika Successfully Closes MBCC Acquisition and Strengthens Position as Sustainability Champion in the Global Construction Industry
13.4. Strategy Analysis & Recommendation

14. Competitive Portfolio

14.1. Key Company Profiles
14.2. Key Product Portfolio