Concrete Fibers Market Segmentation:
End use Segment Analysis
The construction segment is predicted to gain the largest concrete fibers market share of 65.2% during the projected period by 2034, due to developing infrastructure, the number of tall buildings, industrial flooring, and tunneling. According to the U.S. Department of Transportation and Federal Highway Administration, fiber-reinforced concrete is popular with contractors for bridges and pavements where crack-resistance and enhanced durability are critical properties. The FHWA notes that with the integration of fibers, counties and municipalities can reduce (lengthen the frequency of) maintenance intervals and lifecycle costs. Additionally, the Euroconstruct consortium has predicted durable and steady growth in construction markets in the European Union and ranked as the top driving factors to meet the demand for renovation, create urban housing, and lastly, for resilient projects to meet a climate-change alternative, which in turn will require more concrete fiber for demand in products and applications.
Application Segment Analysis
The industrial & commercial segment is anticipated to constitute the most significant growth by 2034, with 43.2% concrete fibers market share, mainly due to the trend for industrial floors, warehouses, airport pavements, parking structures, etc., are moving towards concrete fibers for load-bearing capacity requirements, or specification as impact resistance and/or high durability. The National Ready Mixed Concrete Association has noted that both steel & synthetic fibers are reducing joint spacing and thickness (slab) requirements for more productivity. The FHWA has identified that the impact of a series of slabs for the integration of fibers contributes to load-transfer efficiency in slabs for areas where heavy vehicles are going to be moving around.
Our in-depth analysis of the global concrete fibers market includes the following segments:
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