Fiber Reinforced Concrete Market by Material (Glass Fibers, Natural Fibers, Steel Fibers), Technology (Hybrid FRC, Premixed FRC), Applications, End-users - Global Forecast 2024-2030

Fiber Reinforced Concrete Market by Material (Glass Fibers, Natural Fibers, Steel Fibers), Technology (Hybrid FRC, Premixed FRC), Applications, End-users - Global Forecast 2024-2030


The Fiber Reinforced Concrete Market size was estimated at USD 2.10 billion in 2023 and expected to reach USD 2.23 billion in 2024, at a CAGR 6.69% to reach USD 3.31 billion by 2030.

Fiber reinforced concrete (FRC) is a specialized form of concrete that enhances its structural integrity by incorporating discrete, small fibers into the concrete mix. These fibers can be made from steel, glass, synthetic polymers, or natural materials like coconut fibers. The primary function of these fibers is to increase the concrete's resistance to cracking, improve its structural durability, and enhance its tensile strength. The fiber reinforced concrete (FRC) market is poised for rapid growth, driven by the increasing demand for durable and resilient construction materials. The superior crack resistance, strength, and longevity offered by FRC make it an appealing choice for infrastructure projects, including roads, bridges, and buildings. Despite its advantages, the high cost associated with its adoption can deter stakeholders from investing in FRC for construction projects. However, technological advancements in fiber materials and concrete compositions offer avenues for innovation, potentially lowering costs and enhancing performance characteristics. The shift towards green building materials and the increasing regulatory push for sustainable construction practices create a conducive environment for the future growth of the fiber reinforced concrete market.

Regional Insights

The market for fiber reinforced concrete (FRC) in the Americas is experiencing steady growth, primarily owing to increased infrastructure projects and the renovation of old structures. The United States, being a significant contributor, is witnessing a surge in the adoption of FRC in commercial and residential construction projects. In the EMEA region, the market is characterized by a high adoption rate of advanced construction materials, including FRC. Europe has a robust growth pattern, influenced by stringent environmental regulations and the push for sustainable construction practices. The Middle East, with its ambitious infrastructural developments, is heavily investing in FRC for its benefits of durability and corrosion resistance. Asia-Pacific is witnessing the fastest growth in the FRC market, driven by rapid urbanization and industrial growth. Countries including China and India are major contributors, with massive infrastructure projects and a focus on building resilient structures. The region's inclination towards modern construction techniques and materials is significantly boosting the demand for FRC.

Market Insights

Market Dynamics

The market dynamics represent an ever-changing landscape of the Fiber Reinforced Concrete Market by providing actionable insights into factors, including supply and demand levels. Accounting for these factors helps design strategies, make investments, and formulate developments to capitalize on future opportunities. In addition, these factors assist in avoiding potential pitfalls related to political, geographical, technical, social, and economic conditions, highlighting consumer behaviors and influencing manufacturing costs and purchasing decisions.

Market Drivers

Increasing demand for durable and reliable construction materials
Push for urbanization and growth in infrastructure development activities

Market Restraints

High cost associated with production and implementation of fiber reinforced concrete

Market Opportunities

Advancements in fiber technology and development of new fiber reinforced concrete
Increasing emphasis on sustainable and green construction practices

Market Challenges

Variability in the quality of fibers and inconsistency in the mix design

Market Segmentation Analysis

Material: Higher demand for glass and steel fibers, offering high tensile strength
Applications: Growing adoption of FRC in public construction to withstand extreme weather conditions

Market Disruption Analysis

Porter’s Five Forces Analysis
Value Chain & Critical Path Analysis
Pricing Analysis
Technology Analysis
Patent Analysis
Trade Analysis
Regulatory Framework Analysis

FPNV Positioning Matrix

The FPNV positioning matrix is essential in evaluating the market positioning of the vendors in the Fiber Reinforced Concrete Market. This matrix offers a comprehensive assessment of vendors, examining critical metrics related to business strategy and product satisfaction. This in-depth assessment empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success, namely Forefront (F), Pathfinder (P), Niche (N), or Vital (V).

Market Share Analysis

The market share analysis is a comprehensive tool that provides an insightful and in-depth assessment of the current state of vendors in the Fiber Reinforced Concrete Market. By meticulously comparing and analyzing vendor contributions, companies are offered a greater understanding of their performance and the challenges they face when competing for market share. These contributions include overall revenue, customer base, and other vital metrics. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With these illustrative details, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.

Recent Developments

Foley Products Acquires Florida Underground Infrastructure Manufacturer Coastal Precast

Foley Products Company, LLC, a manufacturer of concrete pipe and precast products since 1981, has enhanced its market presence in Southwest Florida through the strategic acquisition of Coastal Precast of Florida, Inc., with an aim to broaden its offering of fiber reinforced concrete pipe and precast products within this region.

Sika Successfully Closes MBCC Acquisition and Strengthens Position as Sustainability Champion in the Global Construction Industry

Sika has acquired MBCC Group, a move that expands its global footprint and significantly enriches its product and service offerings across the construction lifecycle, driving forward the industry's sustainable transformation more effectively. This strategic acquisition involves divesting specific MBCC Group's admixture assets to Cinven to meet regulatory stipulations.

Strategy Analysis & Recommendation

The strategic analysis is essential for organizations seeking a solid foothold in the global marketplace. Companies are better positioned to make informed decisions that align with their long-term aspirations by thoroughly evaluating their current standing in the Fiber Reinforced Concrete Market. This critical assessment involves a thorough analysis of the organization’s resources, capabilities, and overall performance to identify its core strengths and areas for improvement.

Key Company Profiles

The report delves into recent significant developments in the Fiber Reinforced Concrete Market, highlighting leading vendors and their innovative profiles. These include Arabian Tile Company Ltd., ASAHI KOHMATSU CO., LTD., Bajaj Reinforcements LLP, BarChip Inc., BB fiberbeton A/S, BCM GRC Limited, Birla White buy UltraTech Cement Limited, Buddy Rhodes Concrete Products by Smooth-On, Inc., Cemex, S.A.B. de C.V., Chiltern GRC Ltd., Fibrex LLC, Formglas Products Ltd., FORTA Corporation, Ibstock Telling, Quattro Design Solutions, Sika AG, Silica Systems, Inc., Stromberg Architectural, SureCrete, and Willis Construction Co. Inc..

Market Segmentation & Coverage

This research report categorizes the Fiber Reinforced Concrete Market to forecast the revenues and analyze trends in each of the following sub-markets:

Material
Glass Fibers
Natural Fibers
Steel Fibers
Synthetic Fibers
Technology
Hybrid FRC
Premixed FRC
Applications
Building Construction
Public Infrastructure
End-users
Commercial Construction
Industrial Construction
Residential Construction
Region
Americas
Argentina
Brazil
Canada
Mexico
United States
California
Florida
Illinois
New York
Ohio
Pennsylvania
Texas
Asia-Pacific
Australia
China
India
Indonesia
Japan
Malaysia
Philippines
Singapore
South Korea
Taiwan
Thailand
Vietnam
Europe, Middle East & Africa
Denmark
Egypt
Finland
France
Germany
Israel
Italy
Netherlands
Nigeria
Norway
Poland
Qatar
Russia
Saudi Arabia
South Africa
Spain
Sweden
Switzerland
Turkey
United Arab Emirates
United Kingdom

Please Note: PDF & Excel + Online Access - 1 Year


1. Preface
1.1. Objectives of the Study
1.2. Market Segmentation & Coverage
1.3. Years Considered for the Study
1.4. Currency & Pricing
1.5. Language
1.6. Stakeholders
2. Research Methodology
2.1. Define: Research Objective
2.2. Determine: Research Design
2.3. Prepare: Research Instrument
2.4. Collect: Data Source
2.5. Analyze: Data Interpretation
2.6. Formulate: Data Verification
2.7. Publish: Research Report
2.8. Repeat: Report Update
3. Executive Summary
4. Market Overview
5. Market Insights
5.1. Market Dynamics
5.1.1. Drivers
5.1.1.1. Increasing demand for durable and reliable construction materials
5.1.1.2. Push for urbanization and growth in infrastructure development activities
5.1.2. Restraints
5.1.2.1. High cost associated with production and implementation of fiber reinforced concrete
5.1.3. Opportunities
5.1.3.1. Advancements in fiber technology and development of new fiber reinforced concrete
5.1.3.2. Increasing emphasis on sustainable and green construction practices
5.1.4. Challenges
5.1.4.1. Variability in the quality of fibers and inconsistency in the mix design
5.2. Market Segmentation Analysis
5.2.1. Material: Higher demand for glass and steel fibers, offering high tensile strength
5.2.2. Applications: Growing adoption of FRC in public construction to withstand extreme weather conditions
5.3. Market Disruption Analysis
5.4. Porter’s Five Forces Analysis
5.4.1. Threat of New Entrants
5.4.2. Threat of Substitutes
5.4.3. Bargaining Power of Customers
5.4.4. Bargaining Power of Suppliers
5.4.5. Industry Rivalry
5.5. Value Chain & Critical Path Analysis
5.6. Pricing Analysis
5.7. Technology Analysis
5.8. Patent Analysis
5.9. Trade Analysis
5.10. Regulatory Framework Analysis
6. Fiber Reinforced Concrete Market, by Material
6.1. Introduction
6.2. Glass Fibers
6.3. Natural Fibers
6.4. Steel Fibers
6.5. Synthetic Fibers
7. Fiber Reinforced Concrete Market, by Technology
7.1. Introduction
7.2. Hybrid FRC
7.3. Premixed FRC
8. Fiber Reinforced Concrete Market, by Applications
8.1. Introduction
8.2. Building Construction
8.3. Public Infrastructure
9. Fiber Reinforced Concrete Market, by End-users
9.1. Introduction
9.2. Commercial Construction
9.3. Industrial Construction
9.4. Residential Construction
10. Americas Fiber Reinforced Concrete Market
10.1. Introduction
10.2. Argentina
10.3. Brazil
10.4. Canada
10.5. Mexico
10.6. United States
11. Asia-Pacific Fiber Reinforced Concrete Market
11.1. Introduction
11.2. Australia
11.3. China
11.4. India
11.5. Indonesia
11.6. Japan
11.7. Malaysia
11.8. Philippines
11.9. Singapore
11.10. South Korea
11.11. Taiwan
11.12. Thailand
11.13. Vietnam
12. Europe, Middle East & Africa Fiber Reinforced Concrete Market
12.1. Introduction
12.2. Denmark
12.3. Egypt
12.4. Finland
12.5. France
12.6. Germany
12.7. Israel
12.8. Italy
12.9. Netherlands
12.10. Nigeria
12.11. Norway
12.12. Poland
12.13. Qatar
12.14. Russia
12.15. Saudi Arabia
12.16. South Africa
12.17. Spain
12.18. Sweden
12.19. Switzerland
12.20. Turkey
12.21. United Arab Emirates
12.22. United Kingdom
13. Competitive Landscape
13.1. Market Share Analysis, 2023
13.2. FPNV Positioning Matrix, 2023
13.3. Competitive Scenario Analysis
13.3.1. Foley Products Acquires Florida Underground Infrastructure Manufacturer Coastal Precast
13.3.2. Sika Successfully Closes MBCC Acquisition and Strengthens Position as Sustainability Champion in the Global Construction Industry
13.4. Strategy Analysis & Recommendation
14. Competitive Portfolio
14.1. Key Company Profiles
14.2. Key Product Portfolio

Download our eBook: How to Succeed Using Market Research

Learn how to effectively navigate the market research process to help guide your organization on the journey to success.

Download eBook
Cookie Settings