The Global Fiber Reinforced Concrete (FRC) Market size is estimated at USD 2.64 billion in 2023, and is expected to reach USD 3.48 billion by 2028, growing at a CAGR of 5.72% during the forecast period (2023-2028).
The COVID-19 outbreak negatively impacted the market in 2020. With the COVID-19 pandemic's beginning, construction work stopped worldwide, especially in major construction hubs like China and India. However, the market was projected to grow steadily in the forecast period due to global construction sector growth.
The Fiber Reinforced Concrete (FRC) Market is consolidated in nature, with few players accounting for a significant share of the market demand. Some of the major players (not in any particular order) in the market include CEMEX SAB de CV, Sika AG, Bekaert, GCP Applied Technologies Inc., and MBCC Group, amongst others.
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