The Global Fiber Reinforced Concrete Market is estimated to be valued at USD 2.67 Bn in 2024 and, exhibiting a compound annual growth rate (CAGR) of 6.8% from 2024 to 2031. Fiber reinforced concrete (FRC) is a composite material consisting of cement concrete reinforced with fibers. The fibers include steel fiber concrete, glass fiber concrete, natural fiber concrete, and polymer fiber concrete. The fibers are added to the concrete mix to increase its structural integrity. The most common types of fibers added include steel fibers, glass fibers, synthetic fibers and natural fibers. The fiber helps control cracks in the concrete caused by plastic shrinkage and settlement. They enable concrete to carry higher loads than ordinary concrete, while also imparting increased tensile strength, crack and impact resistance to the concrete composite.

 Market Dynamics:

The global fiber reinforced concrete market growth is driven by increasing construction activities around the world. Fiber reinforced concrete finds wide usage in highways, bridges and buildings due to its high tensile strength and crack resistance properties. Growing infrastructure projects in developing nations is also accelerating the adoption of FRC. However, the market growth can be restrained by the higher cost of fiber reinforced concrete compared to traditional concrete. Ongoing research and development in fiber innovations is expected to create new opportunities. Development of cost-effective fibers such as carbon and plastic fibers would help push the market revenues.

 Key Features of the Study:

• This report provides an in-depth analysis of the global fiber reinforced concrete market, and provides market size (US$ Bn) and compound annual growth rate (CAGR%) for the forecast period (2024–2031), considering 2023 as the base year.
• It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market.
• This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players.
• It profiles key players in the global fiber reinforced concrete market based on the following parameters – company highlights, products portfolio, key highlights, financial performance, and strategies.
• Key companies covered as a part of this study include BASF SE, Bekaert, CEMEX S.A.B. de C.V., Sika AG, ABC Polymer Industries, LLC, Nycon Corporation, Ultratech Concrete, Owens Corning, FORTA Corporation, The Euclid Chemical Company, Bajaj Reinforcements LLP, CHRYSO Group, Breedon Group plc, Twintec Group Limited, and JCF.
• Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics.
• The global fiber reinforced concrete market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.
• Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global fiber reinforced concrete market.

Detailed Segmentation-

• By Type:
  • Natural Fiber
  • Synthetic Fiber
  • Glass Fiber
  • Steel Fiber
  • Other Types
• By Application:
  • Infrastructure
  • Building & Construction
  • Industrial
• By Region:
  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East & Africa

Company Profiles:

• BASF SE
• Bekaert
• CEMEX S.A.B. de C.V.
• Sika AG
• ABC Polymer Industries, LLC
• Nycon Corporation
• Ultratech Concrete
• Owens Corning
• FORTA Corporation
• The Euclid Chemical Company
• Bajaj Reinforcements LLP
• CHRYSO Group
• Breedon Group plc
• Twintec Group Limited
• JCF