Global Concrete Reinforcing Fiber Market Report 2025 size is projected to value USD 3.21 billion by 2025, according to a new report published by Million Insights, with a CAGR of 5.8% from 2018 to 2025. The rising public investment in the development of infrastructure along with the demand for off-site construction is predicted to accelerate the market. The surging demand for lightweight corrosion-free materials from the construction sector is predicted to drive market growth over the forecast period.
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Market Synopsis of Concrete Reinforcing Fiber Market:
The benefits provided by reinforcing fibers in concrete related to lowering slab thickness and widening of joint spacing. Additionally, they lower the spalling at joint edges and protect the overall protection cost and development. Such advantages are predicted to propel the demand for these products in aircraft, warehouses, and runways.
Rising adoption of superior performance concrete is expected to have a favorable impact on market growth. The increasing replacement of steel fibers with plastic to lower the entire structure weight is expected to fuel the sales of the product in the near future.
The increase in investment for R&D by manufacturers is expected to open new avenues for concrete reinforcing fiber market growth over the forecast duration. Manufacturers aim to produce better reinforcing fiber products with different properties and sizes. However, the instability in raw material prices is a cause of concern for the market players in the upcoming years.
Middle East & Africa is predicted to grow at a CAGR of 3.0% based on revenue due to a decline in oil prices thus, restricting the growth of the construction industry. Furthermore, emerging economies like China and Turkey are viewed as potential growth markets with strategic government plans established by the Chinese government and increased demand for the product in Turkey for the development of underwater structures.
View Full Table of Contents of This Report @ https://www.millioninsights.com/industry-reports/global-concrete-reinforcing-fiber-market
Table of Contents:-
Chapter 1 Methodology and Scope
Chapter 2 Executive Summary
Chapter 3 Concrete Reinforcing Fiber: Market Variables, Trends & Scope
Chapter 4 Concrete Reinforcing Fiber: Product Estimates & Trend Analysis
Chapter 5 Concrete Reinforcing Fiber: Application Estimates & Trend Analysis
Chapter 6 Concrete Reinforcing Fiber: End-use Estimates & Trend Analysis
Chapter 7 Concrete Reinforcing Fiber: Industrial End-use Estimates & Trend Analysis
Chapter 8 Concrete Reinforcing Fiber: Regional Estimates & Trend Analysis
Chapter 9 Competitive Landscape
Chapter 10 Concrete Reinforcing Fiber: Manufacturers Company Profiles
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