The global fiber reinforced concrete market is expected to grow at a CAGR of 5.89% over the next six years.
LONDON, UK, December 20, 2021 /EINPresswire.com/ — The global fiber reinforced concrete market is expected to grow at a CAGR of 5.9% over the forecast period (2021-2027) according to QuantAlign Research. Adding fibers to concrete increases its mechanical qualities and durability, making FRC the material of choice in a wide range of applications.
Over the projected period, demand for FRC is expected to be driven by its use in solid concrete buildings, roof tiles, bridge decks, airport runways, tunnel linings, panels, pavements, defense installations, tunnel linings, precast products and many other applications. . FRC is a more cost effective alternative to traditional concrete systems as it reduces construction costs and extends the life of the structure. Unlike ordinary concrete, FRC has great potential as a construction material in earthquake-prone areas due to its flexible behavior. Additionally, the development of polypropylene fiber reinforced concrete (PFRC) has demonstrated the usefulness of organic fibers in a variety of topographical settings, not only in terms of performance but also in terms of cost savings.
Browse the full report: “Global Fiber Reinforced Concrete Market Report”
Based on type:
Steel fiber is the most widely adopted reinforced concrete and holds the majority of the market in 2020
Based on end use:
Prefab product is expected to register the highest CAGR over the forecast period, due to its long service life, insulation capabilities and aesthetic versatility
Based on region:
North America held the majority of the global market share in 2018. Asia-Pacific is expected to show a high CAGR during the forecast period
Major players operating in the market are: Bekaert, Nycon, Sika, Krampe Harex, Fibercon, Ultratech Cement Ltd., Fibrex, Willis Construction Co. Inc., Formglas Products Ltd., Fabpro Polymers, Bautech, FORTA are among others.
Key questions answered by the report:
• What is the current total market and projected revenue for the global fiber reinforced concrete market from 2021 to 2027?
• Who are the main players in the global fiber-reinforced concrete market?
• What shares do the major regional markets occupy?
• Cost model for fiber-reinforced concrete
• On what basis is the market segmented?
• How has the global FRC market performed and what are its main drivers?
• What would be the influence of emerging trends in the global fiber reinforced concrete industry?
• How competitive is the global fiber reinforced concrete market?
• What are the key strategies adopted by players operating in the global fiber-reinforced concrete market?
• What has been the impact of COVID-19 on the entire supply chain of the global fiber reinforced concrete market?
The report examines and provides a comprehensive overview of the global fiber reinforced concrete market. The report identifies key industry trends and covers the FRC market landscape. The report builds a short-term and long-term forecasting model covering the period from 2017 to 2027.
For any questions related to the market research report, contact:
Email: [email protected]
US: +1-716-218-9921 / UK: +44-20-3239-1434
QuantAlign Research is a market research and consulting company that provides high-quality research information that helps our clients make informed decisions.
Our research team has extensive experience in market research and consulting services. Our analysts closely monitor market trends to develop strategies to help our clients stay ahead of the curve and adapt to changing market conditions.
QuantAlign Research provides syndicated and custom research reports across a variety of verticals including Chemicals & Materials, Automotive & Transportation, Energy & Power, Information & Communications, Power & electronics, healthcare and biotech, and consumer packaged goods.
The full portfolio of reports available from QuantAlign is available at:
+44 20 3239 1434