The Global Fiber Reinforced Concrete Market is likely to ascend at a CAGR of 5.9% over the forecast period (2021-2027) according to QuantAlign Research. The addition of fibres to concrete increases its mechanical qualities and durability, making FRC the material of choice in a wide range of applications.

Over the projected period, demand for FRC is expected to be driven by its use in mass concrete buildings, roof tiles, bridge decks, airport runways, tunnel linings, panels, pavements, defence installations, tunnel linings, precast goods, and many other applications. FRC is a more cost-effective alternative to traditional concrete systems since it lowers construction costs and extends the life of the structure. Unlike ordinary concrete, FRC has a strong potential as a construction material in seismically prone areas due to its flexible behaviour. Furthermore, the development of polypropylene fiber-reinforced concrete (PFRC) has demonstrated the usefulness of organic fibres in a variety of topographical settings, not only in terms of performance but also in terms of cost savings.

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Global Fiber Reinforced Concrete (FRC) Market Demand Outlook, COVID-19 Impact, Trend Analysis by Material (Steel Fibers, Glass Fibers, Synthetic Fibers, Natural Fibers, Cellulose Fiber, Others) by End-Use (Highway, road & Bridges, Port and Airports, Tunneling, Residential, Industrial & Commercial, Offshore Structure, Precast Products, Others) by Application, Region, and Industry Estimates 2021-2027 –  “https://quantalignresearch.com/global-fiber-reinforced-concrete-market-report “

Key insights: 

Based on Type:

• Steel Fiber is widest adopted Reinforced Concrete, and is accounted to hold majority share of the market in 2020

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

Key players 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 are among others.