Fiber Reinforced Concrete Market, By Type (Natural Fiber, Synthetic Fiber, Glass Fiber, Steel Fiber, Other Types), By end-user industry (Infrastructure, Building and Construction, Mining and Tunnel, Industrial Flooring, Other End-user Industries), By Region (North America, Latin America, Europe, Asia Pacific, Middle East, Africa) - Size, Share, Outlook, and Opportunity Analysis, 2022 - 2028
Fiber-reinforced concrete is durable and shatter-resistant. In addition to its strength and versatility, fibers can be easily incorporated into existing concrete or made from new materials. The use of fibers in concrete is not limited to structural applications. It can be used for on-ground floors, pavements, and other construction parts. The fibers used in Fiber Reinforced Concrete can be microfibers or macrofibers. Microfibers are commonly made from polypropylene and nylon, while macrofibers are cheaper alternatives to welded wire.
Market Dynamics:
Rapid growth in construction sector and increasing investment in construction industry is augmenting growth of the global fiber reinforced concrete (FRC) market. Moreover, growing demand for advanced and high-performance construction material is again anticipated to foster market growth. Furthermore, upcoming transport projects is further projected support market growth.
On the other hand, fluctuating price of raw material and availability of ready-to-use concrete strands are expected to restrict growth of the market.
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