Challenges: Availability of raw materials and their fluctuating prices globally

One of the major challenges this market faces is the availability of raw materials and their fluctuating prices globally. Concrete producers need to procure fibers like steel, glass, and carbon from different sources to minimize risks. Additionally, the lack of awareness and knowledge among builders and contractors about the benefits of using fiber reinforced concrete poses another hurdle for market growth. Traditional concretes are widely used since decades and changing ways is challenging. Material inconsistency and quality issues also bring limitations.

Opportunities: Increasing investment in infrastructure projects

The market is expected to witness numerous opportunities in the coming years led by increasing investment in infrastructure projects. The need for superior infrastructure that can withstand extreme weather and last longer is driving demand. There is a rising focus on sustainable construction which will favor natural fiber reinforced concrete use.

Fiber Reinforced Concrete Market Report Snapshots