Concrete Fibers Market Share

APAC Market Forecast

Concrete fibers market in Asia Pacific is predicted to account for the largest share of 55.7% by 2037 impelled by the increase in transportation sector. Countries such as India and China are observing an increase in transportation sector at a rapid rate. Also, as per a report published by International Trade Administration, the focus of China's 14th Five-Year Plan is on new urbanization, energy, water, and transportation infrastructure projects. These factors are boosting the concrete fibers market growth in the region.

North American Statistics

North America is projected to hold the second largest share in the concrete fibers market, owing to the innovations and advancements in the products in terms of quality and application development. This has led to growing demand for concrete fiber in the region. The US is the largest country in North America and one of the key consumers of concrete fiber, accounting for a major share of the market.