Japan, Japan, Thu, 14 Apr 2022 01:48:03 / Comserve Inc. / — Fiber reinforced concrete market demand is expected to reach USD 3.2 billion by 2025, while discounting at a CAGR estimated at 6.2% from 2022-2031.
The fiber reinforced concrete market demand is expected to reach USD 3.2 billion by 2031, while operating at an estimated CAGR of 6.2% from 2022 to 2031. The production technologies, process and applications FRC are considered environmentally friendly. FRC is in a continuous development phase, while its technical properties are continuously improved and the demand for FRC has increased, which is driven by the requirements of sustainable development. Also, the increasing application of FRC in various fields of civil engineering is expected to be one of the major drivers for the increased demand for FRC across the globe.
North America is the largest FRC market worldwide in 2018. Continuous innovation and R&D in re-engineered materials puts North America above other regions. The demand for construction of safe, cost-effective and advanced infrastructure has led to an increase in the demand for FRC in the region. Additionally, the fact that the United States is at the forefront of innovating new and better building materials strengthens its position in the global FRC market. Asia-Pacific is expected to be the predominant region in the global SMA market, registering the highest CAGR during the forecast period. Rapid industrialization with growing economies, demand for advanced building materials due to increase in construction activities and smart cities is expected to generate higher demand for FRC. Producers in Europe are striving to improve the balance between manufacturing cost and physical material properties, in line with European “green” policies. Additionally, stringent building regulations are putting pressure on producers demanding more energy-efficient materials, higher quality products, and a wider range of product applications, supporting the growth of the global FRC market.
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The research and analysis is based on data and information obtained from various primary and secondary sources. The data obtained is validated by interacting with companies in the field concerned. The steps involved in the research methodology are;
Obtain historical market data based on news, articles, publications, annual reports, white papers and other secondary sources
Interact with key market opinion leaders and develop data points based on interaction with them
Study of past market trends and their year-over-year impact on market size and share
Analysis of collected data points
Bridging the data points to calculate the total Fiber Reinforced Concrete Market and its various segments
Anticipate potential risks
Analyze market forces such as drivers, restraints, and opportunities to assess new growth areas for the market
Finalizing the Global Fiber Reinforced Concrete Market Size and Share
The years used for the evaluation are as follows;
Historical year: 2015, 2016 and 2017
Base year: 2018
Forecast period: 2022-2031
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To classify the fiber-reinforced concrete market into segments by type, application, end-use, and countries to individually analyze their growth prospects.
To analyze market trends, opportunities, drivers, and restraints associated with the Fiber Reinforced Concrete Market.
Profiles of key companies operating in the Fiber Reinforced Concrete Market.
Study the market response with regards to mergers and acquisitions in the industry.
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