NEW YORK, May 31, 2019 (GLOBE NEWSWIRE) -- The demand for Fiber Reinforced Concrete market is projected to reach 3.2 billion USD by 2025, actuating at an estimated CAGR of 6.2% from 2019 to 2025. Fiber reinforced concrete (FRC) is a re-engineered structural material, gaining increasing importance in civil and construction sector. Addition of fiber reinforcement in discrete form helps in enhancing many engineering properties of concrete. With the development of smart materials in civil engineering, concrete material has been adopted as widely used building material across the world. Usage of fibers improves the mechanical properties and durability of concrete, making the FRC as material of choice across variety area of application. The application in mass concrete structures, roof tiles, bridge decks, airport runways, tunnel linings, panels, pavements, defense installations, tunnel linings, precast products and many other tend to drive the demand for FRC over the forecast period. FRC offers cost efficient solution over conventional concrete system by lowering the construction cost and increased service life of the construction.
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Key findings from the report:
- The global Fiber Reinforced Concrete market is expected to reach 3.2 USD billion by 2025 at a CAGR of 6.2%
- Based on Type:
- Steel Fiber is widest adopted Reinforced Concrete, and is accounted to hold majority share of the market in 2018.
- Based on End-Use:
- Precast product is expected to register highest CAGR over the forecast period, owing to its durable long life, insulating capabilities, and aesthetic versatility
- Based on Region
- North America held the majority of the share of the global market in 2018. Asia-Pacific is expected to exhibit high CAGR over the forecast period
- Some of the key companies operating in the market include- Bekaert, Nycon, Sika, Krampe Harex, Fibercon, Ultratech Cement Ltd., Fibrex, Willis Construction Co. Inc., Formglas Products Ltd., Fabpro Polymers, Bautech, FORTA, among others
Fiber Reinforced Concrete : Adding Versatility and cost effectiveness to the construction
Unlike conventional concrete, FRC owing to flexible behavior has high potential as construction material in seismic prone zone. Moreover, development of polypropylene fiber-reinforced concrete (PFRC), organic fibers not only enhance performance but also helps in cost saving and have proved its importance in variety of terrain setting. FRC application in offshore and underground construction including repair of dams, lining underground openings and rock slope stabilization, have resulted in higher adoption rate and increasing research and development of these materials. Further, improvements are in continuous phase to optimize fibers to suit for different applications. Major players in the industry are considering FRC market as a potential business opportunity, evidenced by continued new developments in fiber reinforced construction materials.
The report segments global Fiber Reinforced Concrete market on the basis of Type, application, end-use and region.
FRC Market, By Type
- Steel Fibers
- Glass Fibers
- Synthetic Fibers
- Polypropylene
- Polyolefin
- Polyvinyl
- Other
- Natural Fibers
- Flax
- Jute
- Balsa
- Sisal
- Others
- Cellulose Fibers
- Other
FRC Market, By Application
- Panels
- Slabs on Grade
- Roof Tiles
- Curtain Walls
- Decks
- Shotcrete
- Sheets
- Pipes
- Others
FRC Market, By End-Use
- Highway, road & Bridges
- Port and Airports
- Tunneling
- Residential
- Industrial & Commercial
- Offshore Structure
- Precast Products
- Others
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