Asia-Pacific Concrete Fiber Market Size (2023-2030)

Asia-Pacific Concrete Fiber Market is estimated to be worth USD 835.80 Million in 2022 and is projected to reach a value of USD 1570.08 Million by 2030, growing at a CAGR of 8.2% during the forecast period 2023-2030.

Concrete fiber is a composite material comprising a mixture of cement, mortar, or concrete, and dispersed non-continuous fibers. These fibers, possessing specific characteristics, can be circular or flat in shape and are typically described by their aspect ratio, which is the ratio of length to diameter. Concrete fiber includes an extensive array of fiber varieties, exhibiting a multitude of properties, encompassing steel, glass, synthetic, and natural fibers. Adding fibers to concrete significantly improves its structural integrity by bolstering its tensile strength. The fibers are distributed uniformly and randomly throughout the concrete, providing reinforcement. While widely employed in shotcrete applications, fiber-reinforced concrete can also be utilized in normal concrete for a range of construction elements, including floors, pavements, beams, pliers, and foundations.

Concrete fiber is advantageous for achieving high tensile strength and reduced cracking, particularly when conventional reinforcement methods are impractical. It enhances impact strength, restricts crack growth, and improves strain capacity. In industrial projects, synthetic macro fibers substitute for conventional reinforcement, enhancing concrete durability. The addition of fibers improves freeze-thaw resistance, sustaining strength and aesthetics over time. They enhance mix cohesiveness, enable long-distance pumping, minimize plastic shrinkage during curing, reduce steel reinforcement needs, control crack widths tightly, and mitigate segregation and bleed water. Concrete fiber demonstrates remarkable toughness, 10 to 40 times greater than plain concrete. Furthermore, fibers increase fatigue strength and enhance shear capacity in reinforced concrete beams.

Asia-Pacific Concrete Fiber Market Drivers:

The rising adoption of steel fiber-reinforced concrete in diverse applications is fueling the growth of the Asia-Pacific Concrete Fiber Market.

The limited tensile strength of plain cement concrete, leading to cracking even with steel reinforcement, has created a market demand for alternative solutions. Steel fiber-reinforced concrete has emerged as an exceptionally economical solution, addressing the issue of structural integrity across diverse applications. Through the addition of steel fibers, this reinforced concrete amplifies the capacity of structural components to endure substantial stresses, elevating both toughness and crack resistance. With diverse applications in tunnel linings, manholes, burial vaults, septic tanks, curbs, pipes, covers, sleepers, and roller-compacted concrete, the market for steel fiber-reinforced concrete is driven by the need for durable and resilient construction materials. 

The increasing investments in infrastructure development endeavors are another factor contributing to the growth of the Asia-Pacific Concrete Fiber Market.

The Asia-Pacific Concrete Fiber Market is anticipated to grow owing to the increasing investments in infrastructure development projects in both developed and developing nations. Concrete fibers exhibit extraordinary attributes like high tensile strength, enhanced durability, diminished crack proliferation, heightened impact strength, resistance to freezing and thawing, and improved fatigue strength, positioning them as an outstanding preference for infrastructure development projects, where the reliability and longevity of structures are vital.

Asia-Pacific Concrete Fiber Market Challenges:

The Asia-Pacific Concrete Fiber Market is encountering challenges, primarily in terms of the inherent limitations of steel fiber-reinforced concrete. Concrete fiber, especially steel fiber-reinforced concrete, possesses inherent constraints. It can reduce workability, making it difficult to achieve uniform fiber distribution and increasing the risk of fiber clumping during mixing. Moreover, concrete fiber is generally heavier than non-fiber concrete and may have concerns regarding corrosion when steel fibers are utilized. Thus, these challenges inhibit the growth of the Asia-Pacific Concrete Fiber Market.

Asia-Pacific Concrete Fiber Market Opportunities:

Market expansion strategies present a lucrative opportunity in the Asia-Pacific Concrete Fiber Market. Given the rising demand for concrete fiber owing to its high tensile strength, increased concrete durability, high impact strength, remarkable resistance to freezing and thawing, and high fatigue strength, businesses specializing in the production and distribution of concrete fiber can stand to gain significantly from this opportunity by expanding their goods to emerging markets, such as nations of South America and the Middle East. This expansion will help companies to increase their customer base and boost their overall revenue.

COVID-19 Impact on the Asia-Pacific Concrete Fiber Market:

The outbreak of the COVID-19 pandemic substantially impacted the Asia-Pacific Concrete Fiber Market. The pandemic caused disruptions in supply chains and distribution of goods and services, which highly affected the manufacturing process and distribution of concrete fiber. Moreover, several construction projects were delayed as a result of the sudden implementation of the lockdowns worldwide, which further declined the demand for concrete fiber. These factors negatively impacted the growth of the Asia-Pacific Concrete Fiber Market. Despite these challenges, the Asia-Pacific Concrete Fiber Market is projected to recover and grow in the coming years.

Asia-Pacific Concrete Fiber Market Recent Developments:

• In November 2022, the Indian Institute of Technology (IIT) Hyderabad researchers developed a unique, cost-effective ultra-high-performance fiber-reinforced concrete (UHPFRC) fabricated with locally available materials like cement, fly ash, river sand, micro-silica, steel fiber, ground granulated blast furnace slag, polypropylene fibers, and high range water reducing agent (HRWRA).
• In August 2022, HIL, a subsidiary of CK Birla Group specializing in fiber cement roofing, reached an agreement to acquire Fast Build Blocks for a sum of USD 8.22 million through a 'slump sale'. Fast Build Blocks is a manufacturer of autoclaved aerated concrete (AAC) blocks located in Odisha, India. The acquisition serves HIL's strategic objective of establishing a dominant position in the Eastern Indian market. 
• In October 2021, Jogani Reinforcement launched Polyfiber 3S, an avant-garde concrete and construction fiber, in India. This groundbreaking fiber solution aims to enhance the durability of infrastructure by effectively mitigating cracks and ensuring exceptional long-lasting performance. The launch of Polyfiber 3S reflects Jogani Reinforcement's commitment to delivering high-quality products for the construction industry in India, contributing to the development of crack-free and robust infrastructure projects.

ASIA-PACIFIC CONCRETE FIBER MARKET REPORT COVERAGE:

Asia-Pacific Concrete Fiber Market Segmentation:

Asia-Pacific Concrete Fiber Market Segmentation: By Fiber Type

• Glass Fiber
• Natural Fiber
• Steel Fiber
• Synthetic Fiber
• Others

In 2022, the synthetic fiber segment held the highest market share. The growth can be ascribed to the rising adoption of synthetic fiber-reinforced concrete specifically for flooring applications. This type of concrete is extensively utilized for constructing floor slabs and internal ground structures. Furthermore, synthetic fiber-reinforced concrete finds application in various settings, including industrial flooring, power floated flooring, garage flooring, workshop flooring, and domestic use flooring. Additionally, synthetic fiber-reinforced concrete is suitable for constructing pavements and external ground-supported slabs.

Asia-Pacific Concrete Fiber Market Segmentation: By Application

• Building & Construction
• Industrial Flooring
• Mining & Tunnel
• Transport Infrastructure
• Others

In 2022, the transport infrastructure segment held the highest market share. The growth can be ascribed to the extensive utilization of concrete fiber in the construction of highways, particularly in nations like China and India, where concrete fiber is employed to prevent cracks and enhance load-bearing capacity. Concrete fiber can provide concrete with unparalleled durability, superior impact resistance, and extraordinary mechanical strength. Increasing investments in transportation infrastructure projects are propelling the demand for concrete reinforcing fiber in the industry. The market is also projected to benefit from the rise in government initiatives and policies aimed at supporting the development of transportation infrastructure globally. The implementation of these programs and policies is fostering a conducive environment for the expansion of the concrete reinforcing fiber market in the transportation sector.

Asia-Pacific Concrete Fiber Market Segmentation: By Country

• China  
• Japan  
• India  
• South Korea  
• Australia and New Zealand  
• Rest of Asia-Pacific    

In 2022, China held the largest share of the Asia-Pacific Concrete Fiber Market. The presence of a well-established construction industry, the augmenting demand for sustainable, green, and eco-friendly construction materials for applications in residential, commercial, and industrial construction as well as civil projects, and the rising adoption of new and advanced construction materials to enhance the performance of these projects are some of the factors propelling the country's growth. Furthermore, China is home to several significant market players, including Changzhou Leade New Materials Co., Ltd., Sidley Chemical Co., Ltd., and Shandong Luke Composite Co., Ltd.

India is anticipated to expand at the quickest rate over the forecast period owing to the increasing government investments in infrastructure development projects, including rail and road networks, bridges, housing, and industrial and commercial construction, rapid industrialization and urbanization, and the strong presence of prominent market players, including Aeron Composite Pvt. Ltd., Jogani Impex LLP, and Buddha Building Technology.

Asia-Pacific Concrete Fiber Market Key Players:

1. Changzhou Leade New Materials Co., Ltd. (China)
2. Sumitomo Osaka Cement Co., Ltd. (Japan)
3. Nichiha Corporation (Japan)
4. Mitsubishi Chemical Group Corporation (Japan)
5. Aeron Composite Pvt. Ltd. (India)
6. Sidley Chemical Co., Ltd. (China)
7. Jogani Impex LLP (India)
8. Buddha Building Technology (India)
9. Contech Chemicals LLP (India)
10. Shandong Luke Composite Co., Ltd. (China)