Fiber Reinforced Concrete (FRC) Market was valued at USD 1.5 Billion in 2022 and is projected to reach USD 2.8 Billion by 2030, growing at a CAGR of 8.5% from 2024 to 2030.
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Get an In-Depth Research Analysis of the Global Fiber Reinforced Concrete (FRC) Market Size And Forecast [2025-2032]
The Fiber Reinforced Concrete (FRC) market has experienced significant growth from 2018 to 2022, driven by advancements in construction technologies and an increasing demand for durable building materials. In 2021, the global concrete reinforcing fiber market was valued at approximately USD 2.19 billion, with projections indicating a compound annual growth rate (CAGR) of 6.8% from 2022 to 2030. citeturn0search0
Looking ahead, the FRC market is expected to continue its upward trajectory from 2023 to 2033. The market size was valued at USD 2.2 billion in 2022 and is projected to reach USD 4.6 billion by 2032, growing at a CAGR of 7.8% during this period. citeturn0search3
This growth is attributed to several key factors:
Infrastructure Development: Ongoing investments in infrastructure projects worldwide are driving the demand for FRC, particularly in applications such as tunnel linings, pipes, and septic tanks. citeturn0search0
Durability Requirements: The need for materials that offer superior strength, toughness, and durability in harsh environments is propelling the adoption of FRC in various sectors. citeturn0search1
Environmental Considerations: The use of non-hazardous and environment-friendly fibers, such as basalt, is gaining traction, especially in developed economies. citeturn0search0
In summary, the Fiber Reinforced Concrete market has demonstrated robust growth from 2018 to 2022 and is poised for continued expansion through 2033, driven by technological advancements, increased infrastructure spending, and a growing emphasis on sustainable construction materials.
Bekaert
Euclid Chemical
Nycon
Propex
Sika
Hunan Sunshine
Junwei Metal Fiber
Owens Corning
Harex
Huierjie
Fibercon
GCP Applied Technologies
Taian Tongban Fiber
Fabpro Polymers
Wuhan Xintu
Ganzhou Daye
Bautech
ABC Polymer Industries
EPC
FORTA
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global Fiber Reinforced Concrete (FRC) Market
Industrial Flooring
Bridge & Road
Residential & commercial Building
Others
Based on Types the Market is categorized into Below types that held the largest Fiber Reinforced Concrete (FRC) market share In 2023.
Steel Concrete Fiber
Synthetic Concrete Fiber
Glass Concrete Fiber
Others
Global (United States, Global and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global Fiber Reinforced Concrete (FRC) Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Fiber Reinforced Concrete (FRC) Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Fiber Reinforced Concrete (FRC) Market, By Type
6. Global Fiber Reinforced Concrete (FRC) Market, By Application
7. Global Fiber Reinforced Concrete (FRC) Market, By Geography
Global
Europe
Asia Pacific
Rest of the World
8. Global Fiber Reinforced Concrete (FRC) Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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