Fiber Reinforced Concrete (FRC) Market - Growth, Trends, and Forecast (2020 - 2025)

The market is segmented by Type (Natural Fiber, Synthetic Fiber, Glass Fiber, Steel Fiber, and Others), End-user Industry (Infrastructure, Building & Construction, Mining & Tunnel, Industrial Flooring, and Others), and Geography (Asia-Pacific, North America, Europe, South America, and Middle East & Africa)

Market Snapshot

Study Period:

2016-2025

Base Year:

2019

Fastest Growing Market:

Asia Pacific

Largest Market:

Asia Pacific

CAGR:

8 %

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Market Overview

The fiber reinforced concrete (FRC) market is expected to grow at a CAGR of around 8% during the forecast period. The factors driving the growth of the market studied are the growing construction activities in Asia-Pacific and the rising demand for transport infrastructure with a growing population. On the flipside, the availability of ready-to-use concrete, and high production cost are some of the major concerns for the studied market.

  • Transport infrastructure segment dominated the market and is likely to grow during the forecast period, with increasing public and private investments into transport infrastructure.
  • The introduction of new alkaline-resistant synthetic fibers is likely to provide opportunities for the studied market during the forecast period.

Scope of the Report

The fiber reinforced concrete (FRC) market report includes:

Type
Natural Fiber
Synthetic Fiber
Glass Fiber
Steel Fiber
Others (Glass, Asbestos, etc.)
End-user Industry
Infrastructure
Building and Construction
Mining and Tunnel
Industrial Flooring
Others
Geography
Asia-Pacific
China
India
Japan
South Korea
Rest of Asia-Pacific
North America
United States
Canada
Mexico
Europe
Germany
United Kingdom
France
Italy
Rest of Europe
South America
Brazil
Argentina
Rest of South America
Middle East & Africa
Saudi Arabia
South Africa
Rest of Middle East & Africa

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Key Market Trends

Infrastructure Segment to Drive the Market Growth

  • Infrastructure segment dominates the demand for fiber reinforced concrete, globally.
  • Fiber-reinforced concrete are majorly required in the infrastructure for making roads and bridges. They enhance the toughness and post-crack load-carrying capacity of the roads.
  • Fiber-reinforced concrete is also required in the construction of highways, bridges, railways, and ports, and airports.
  • With the growing population, demand for transport infrastructure has been increasing across the world, which has been leading to an increase in investments into transport infrastructure.
  • For instance, in North America, about 89 major light rails, heavy rail, bus rapid transit, streetcar, and commuter rail projects are planned for construction during 2019. These projects are likely to add more than 830 miles of new fixed-guideway transit in countries, such as the United States, Canada, and Mexico.
  • Asian Infrastructure Investment Bank (AIIB) further plans to approve infrastructure and other social productive projects worth USD 9 billion in 2019.
  • In 2018, Middle East Rail planned to invest about USD 250 billion on various railway projects in the Middle East over the next decade.
  • Hence, all such transport infrastructure projects and investments are likely to drive the demand for Fiber-reinforced concrete in the coming years.

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Asia-Pacific Region to Dominate the Market

  • Asia-Pacific dominated the studied market during. The consumption levels of fiber reinforced concrete in Asia-Pacific countries, such as China, India, and Indonesia, are expected to rise at a robust rate, owing to the increasing demand from the transportation, and building & construction industry.
  • The transport infrastructure and construction projects have been increasing in the countries, such as India, China, and Japan, which are likely to drive the demand for fiber reinforced concrete market in the region during the forecast period.
  • In India, the road transport and highways ministry planned a target to increase national highway to 2 lakh km by 2022. While in 2019, the country holds a target to construct a 10,000 km national highway.
  • In addition, the Indian government has planned an investment of USD 120.5 billion for developing 27 industrial clusters; this is expected to boost construction in the country.
  • China currently has numerous airport construction projects, such as, which are either in development or planning stage. These include - Beijing Capital International Airport, Chengdu Shuangliu International Airport, Guangzhou Baiyun International Airport, etc. Besides, the government rolled out massive construction plans, including making provision for the movement of 250 million people to its new megacities over the next ten years.
  • Therefore with all such investments and an increasing number of infrastructure and construction projects, the demand for fiber reinforced concrete is likely to increase at a robust rate in the region during the forecast period.

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Competitive Landscape

The fiber reinforced concrete (FRC) market is a consolidated market, where few players account for significant share of the market demand. Some of the major players in the market include Sika AG, Bekaert SA, GCP Applied Technologies Inc., BASF SE, and Owens Corning, amongst others.

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Table Of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Deliverables

    2. 1.2 Study Assumptions

    3. 1.3 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Drivers

      1. 4.1.1 Growing Construction Activities in Asia-Pacific

      2. 4.1.2 Increasing Transport Infrastructure Projects

    2. 4.2 Restraints

      1. 4.2.1 Availability of Ready-to-Use Concrete Stands

      2. 4.2.2 High Production Cost

    3. 4.3 Industry Value-Chain Analysis

    4. 4.4 Porter's Five Forces Analysis

      1. 4.4.1 Bargaining Power of Suppliers

      2. 4.4.2 Bargaining Power of Consumers

      3. 4.4.3 Threat of New Entrants

      4. 4.4.4 Threat of Substitute Products and Services

      5. 4.4.5 Degree of Competition

    5. 4.5 Technological Snapshot

  5. 5. MARKET SEGMENTATION

    1. 5.1 Type

      1. 5.1.1 Natural Fiber

      2. 5.1.2 Synthetic Fiber

      3. 5.1.3 Glass Fiber

      4. 5.1.4 Steel Fiber

      5. 5.1.5 Others (Glass, Asbestos, etc.)

    2. 5.2 End-user Industry

      1. 5.2.1 Infrastructure

      2. 5.2.2 Building and Construction

      3. 5.2.3 Mining and Tunnel

      4. 5.2.4 Industrial Flooring

      5. 5.2.5 Others

    3. 5.3 Geography

      1. 5.3.1 Asia-Pacific

        1. 5.3.1.1 China

        2. 5.3.1.2 India

        3. 5.3.1.3 Japan

        4. 5.3.1.4 South Korea

        5. 5.3.1.5 Rest of Asia-Pacific

      2. 5.3.2 North America

        1. 5.3.2.1 United States

        2. 5.3.2.2 Canada

        3. 5.3.2.3 Mexico

      3. 5.3.3 Europe

        1. 5.3.3.1 Germany

        2. 5.3.3.2 United Kingdom

        3. 5.3.3.3 France

        4. 5.3.3.4 Italy

        5. 5.3.3.5 Rest of Europe

      4. 5.3.4 South America

        1. 5.3.4.1 Brazil

        2. 5.3.4.2 Argentina

        3. 5.3.4.3 Rest of South America

      5. 5.3.5 Middle East & Africa

        1. 5.3.5.1 Saudi Arabia

        2. 5.3.5.2 South Africa

        3. 5.3.5.3 Rest of Middle East & Africa

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Mergers & Acquisitions, Joint Ventures, Collaborations, and Agreements

    2. 6.2 Market Share Analysis**

    3. 6.3 Strategies Adopted by Leading Players

    4. 6.4 Company Profiles

      1. 6.4.1 ABC Polymer Industries

      2. 6.4.2 BASF SE

      3. 6.4.3 Bekaert SA

      4. 6.4.4 Cemex S.A.B. de C.V.

      5. 6.4.5 The Euclid Chemical Company

      6. 6.4.6 Fibercon International Inc.

      7. 6.4.7 Forta Corporation

      8. 6.4.8 GCP Applied Technologies

      9. 6.4.9 US Concrete (USCR)

      10. 6.4.10 Owens Corning

      11. 6.4.11 Sika AG

      12. 6.4.12 UltraTech Cement Limited

  7. *List Not Exhaustive
  8. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

    1. 7.1 Introduction of New Alkaline-resistant Synthetic Fibers

** Subject to Availability

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