Fiber-reinforced Concrete (FRC) Market By Type (Natural Fiber, Synthetic Fiber, Glass Fiber, Steel Fiber, Others), By Process (Premix, Sprayed, Hybrid, Others), By Application (Infrastructure, Building and Construction, Mining and Tunnel, Industrial, Others): Global Opportunity Analysis and Industry Forecast, 2023-2032
The global fiber-reinforced concrete (FRC) market was valued at $2,169.2 million in 2022, and is projected to reach $4,553.13 million by 2032, registering a CAGR of 7.8% from 2023 to 2032. Fiber reinforced concrete (FRC), an evolution in creation technology, integrates conventional concrete additives with reinforcing fibers to create a high-overall performance composite material. The dispersed fibers in the concrete matrix make contributions to improved structural integrity, tensile energy, and resistance to cracking. FRC's adaptability and advanced mechanical houses make it a desired preference in current creation, providing answers to demanding situations posed by means of dynamic environmental situations and annoying structural requirements.
The global population along with globalization is rising at a significant rate. Various organizations such as United Nations and The World Bank have estimated that the world population is expected to reach above 9.5 billion in 2050, from about 8 billion in 2022. This is anticipated to increase the demand for residential and commercial buildings across the world, especially in developing nations such as China, India, Brazil, and South Africa.
Furthermore, construction of public infrastructure such as airports, bridges and other structures involve utilization of the fiber reinforced concrete. Despite its advantages, limited awareness among construction experts regarding the benefits and applications of FRC poses a large restraint. Education and outreach efforts are crucial to triumph over this hurdle and foster broader popularity in the industry. Such factors restrains the market growth.
The fiber reinforced concrete market is segmented on the basis of type, process, application, and region. By type, the market is divided into natural fiber, synthetic fiber, glass fiber, steel fiber, and others. By process, it is categorized into premix, sprayed, hybrid and others. By application, it is classified into infrastructure, building & construction, mining & tunnel, industrial, and others.
On the basis of region, the market is analyzed across North America (the U.S., Canada, and Mexico), Europe (Germany, the UK, Italy, France, and rest of Europe), Asia-Pacific (China, Japan, India, South Korea, and rest of Asia-Pacific), and LAMEA (Latin America, Middle East, Africa).
The major players that operate in the global market have adopted key strategies such as product launch, acquisition, and others to strengthen their market outreach, product portfolio and sustain the stiff competition in the market.
The major players profiled in the fiber reinforced concrete market report are Fibrex Construction Group, Clark Pacific, Ultratech Cement Ltd., Formglas Products Ltd., Willis Construction Co. Inc., Stromberg Architectural, BB Fiberbeton, Generale Prefabbricati S.P.A., BarChip Pty Ltd, and GRCUK.
Key Benefits For StakeholdersThis report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the fiber-reinforced concrete (frc) market analysis from 2022 to 2032 to identify the prevailing fiber-reinforced concrete (frc) market opportunities.
The market research is offered along with information related to key drivers, restraints, and opportunities.
Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
In-depth analysis of the fiber-reinforced concrete (frc) market segmentation assists to determine the prevailing market opportunities.
Major countries in each region are mapped according to their revenue contribution to the global market.
Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
The report includes the analysis of the regional as well as global fiber-reinforced concrete (frc) market trends, key players, market segments, application areas, and market growth strategies.
Key Market SegmentsBy ApplicationInfrastructure
Building and Construction
Mining and Tunnel
Industrial
Others
By TypeNatural Fiber
Synthetic Fiber
Glass Fiber
Steel Fiber
Others
By ProcessPremix
Sprayed
Hybrid
Others
By RegionNorth America
U.S.
Canada
Mexico
Europe
Germany
France
Italy
UK
Rest of Europe
Asia-Pacific
China
Japan
India
South Korea
Rest of Asia-Pacific
Latin America
Brazil
Chile
Rest of Latin America
Middle East and Africa
Saudi Arabia
UAE
Nigeria
South Africa
Rest of Middle East And Africa
Key Market Players
fibrex construction group
Clark Pacific
Ultratech Cement Ltd.
formglas products ltd.
Willis Construction Co. Inc.
Stromberg Architectural
BB Fiberbeton
generale prefabbricati s.p.a.
BarChip Pty Ltd
GRCUK
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