Concrete Fibers Market Trends

Growth Drivers

• Growing Demand for Minerals –The increased usage of concrete fibers in underground mining and tunnel applications for improving concrete strength and durability. Also, the growing demand for minerals and metals has rushed the mining activities where concrete fiber is extensively used in order to resist crack development in concrete structures.By 2040, the global demand for minerals will increase by over 450%.
• Rising Government Regulation and Standards- The government in a few regions may enforce stringent regulations for the usage of reinforced concrete in several construction projects.

Challenges

• Higher Cost – Costs associated with concrete fibers are much higher, since it is more expensive to add 1 1/2 pounds of polypropylene fibers to concrete fibers, costing an additional USD 7 or USD 8 per cubic yard. Also, contrary to the production of plain cement concrete, the mixing, and incorporation of fibers into the cement matrix requires more money and work. This factor may hinder the market growth of concrete fibers.
• Risk of Corrosion in Steel Type Fibers
• Environmental Degradation