Deerfield Beach, FL -- (SBWIRE) -- 05/20/2016 -- Concrete is extensively used in structural engineering with its high compressive strength, abundant raw material and low cost. However, common concrete has some shortcoming, such as cracking and shrinkage, poor toughness, low tensile and flexural strength, low shock resistance and high brittleness and others. In order to overcome such shortcomings additional materials are added to improve the performance of concrete. Concrete fiber can be defined as composite material consisting of mixtures of cement, concrete or mortar and discrete, discontinuous, evenly dispersed suitable fibers.

Browse the full"Concrete Fiber Market (Synthetic Fiber, Glass Fiber, Steel Fiber, Basalt Fiber and Others) Market for Construction, Road Industry, Industrial, Mining and Other Applications: Global Industry Perspective, Comprehensive Analysis, Size, Share, Growth, Segment, Trends and Forecast, 2014 – 2020" report at http://www.marketresearchstore.com/report/concrete-fiber-market-z52696

Concrete fibers market is mainly driven by growing urbanization and improving construction industry worldwide. Increasing use of basalt fiber as a strengthening material for concrete reinforcement is expected to propel market growth over the forecast period. However, high operating cost and capital-intensive R&D may pose challenge to the market growth in the near future.

Various types of fibers used to reinforce the concrete are synthetic fibers, steel fibers, basalt fibers and glass fibers among others. Among different types of concrete fibers, steel fibers dominated the market with over 45% of the total concrete fiber market share in 2014. Synthetic fiber is another key segment and predicted to show robust growth during forecast period. Concrete fiber finds wide spread applications in various sectors road industry, construction, industrial, mining and others. Construction was major application segment and accounted for major chunk of market share in 2014. Growth in construction industry worldwide is expected to drive the demand for concrete fibers in the years to come.

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Asia Pacific dominated the concrete fiber market and accounted for the largest share of the global market in 2014 which was largely contributed by China. This was due to globalization coupled with increasing disposable incomes that leads to the shifting preference towards the concrete construction. The concrete fiber market in Europe is expected to exhibit strong growth rate during the forecast period.

Some of the key participants in concrete fiber market BASF SE, The Euclid Chemical Company, Propex Global, Cemex, Fibercon International Inc, Bekaert SA, Nycon, and W.R. Grace and Company.

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