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North America has emerged as the dominant regional market for fiber reinforced concrete globally with 37.6% share in 2024. The presence of major players in the region such as BASF, W.R. Grace and Propex Concrete systems has solidified North America's leadership position. These players have established an extensive supply chain network across the U.S. and Canada to cater to the growing construction industry needs. Moreover, the fiber reinforced concrete industry receives significant support from the U.S. and Canadian governments in the form of funding for infrastructure modernization projects. This has subsequently boosted demand from both public and private construction sectors. The pricing of fiber reinforced concrete solutions in North America is also competitive owing to large production capacities of regional players and mature fiber reinforced concrete technologies.
Among all regions, Asia Pacific is expected to witness the fastest growth in the fiber reinforced concrete market during the forecast period. Factors such as rapid urbanization, growing population and rising disposable income are driving extensive investment in construction and infrastructure development across developing nations. Furthermore, China has emerged as a major manufacturing hub for fiber reinforced concrete raw materials such as concrete fibers, steel fibers etc. This has made Asia Pacific an attractive destination in terms of import and export of fiber reinforced concrete and associated raw materials. These developments are firmly placing the Asia Pacific region on the global map for fiber reinforced concrete industry. In Asia Pacific, India and China are likely to be at the forefront of market growth due to ongoing smart city projects, infrastructure overhauls and increased residential construction activities in these countries.
Fiber Reinforced Concrete Market Report Snapshots
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