June 24, 2022 12:30 ET | Source: Transparency Market Research Transparency Market Research
Albany, New York, UNITED STATES
Wilmington, Delaware, United States, June 24, 2022 (GLOBE NEWSWIRE) -- Expert undertaking for a research report on the concrete fiber market finds the said market to expand at a CAGR of 6.2% for the forecast period from 2022 to 2031. Concrete fibers display superior physical properties to find extensive applications in the building & construction and transportation sectors.
Concrete fibers are used in the exteriors and interiors of industrial, commercial, and residential buildings. Concrete fibers are widely used in highways, bridges, roads, and sidewalks. The uniform distribution of short and long fibers helps to seal micro and macro cracks in concrete.
Array of advantages of concrete such as easy availability of raw materials, lower cost, higher fire and weather resistance, and higher compressive strength compared to wood accounts for its extensive application across several end-use industries.
Asia Pacific and Europe stand as key markets for concrete fiber in terms of volume. The regions held a significant 29.1% and 25% share respectively of the concrete fiber market in 2021. Growth of the building & construction sector in Asia Pacific and transportation sector in Europe account for substantial demand for concrete fiber in these regions.
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Concrete Fiber Market – Key Findings of the Report
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Concrete Fiber Market – Growth Drivers
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Concrete Fiber Market – Key Players
Some of the key players operating in the concrete fiber market are;
The concrete fiber market is segmented as follows;
Concrete Fiber Market, by Product
Concrete Fiber Market, by Application
Concrete Fiber Market, by Region
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