Concrete Fiber Market

As per Market Research Future Analysis, the Global Concrete Fiber Market was valued at USD 2.5 Billion in 2024 and is projected to grow from USD 2.71 Billion in 2025 to USD 5.50 Billion by 2034, with a CAGR of 8.20% during the forecast period (2025 - 2034). The market is driven by increasing demand for non-corrosive materials, urbanization, and growth in the construction sector. However, challenges such as rising operational expenses and lack of technical knowledge may hinder growth. The COVID-19 pandemic significantly impacted market dynamics, leading to reduced demand and production halts. North America holds the largest market share, while Asia Pacific is expected to dominate due to rapid urbanization and construction activities.

BASF SE, The Euclid Chemical Company, Owens Corning, Sika AG, Propex Operating Company LLC, ABC Polymer Industries LLC, Helix Steel Dow, GCP Applied Technologies Inc.

February 2022: Şişecam, the Turkish glass developer has acquired Refel, the Italian firm that is one of the most reputed developers of refractory materials in the world. These materials are largely utilized in constructing glass melting furnaces.

With this acquisition, Şişecam intends to alleviate any risk associated with disruptions to the supply chain, which in turn will ensure smooth refractory supply processes all the while realizing more funding in the glass field. Şişecam is an affluent player in segments covering every basic area of glass including glass fiber, flat glass, glass packaging, glassware, chromium and soda compounds, in industries like mining, automotive, recycling and energy.

February 2022: Skanska along with Tarmac is looking for ways to deal with climate change using advanced low-carbon concrete. TARMAC is supplying a low-carbon basalt-fiber-reinforced concrete to try on a temporary haul road used by construction vehicles, which will be part of the National Highways’ M42 Junction 6 improvement plan. This trial will be led by Skanska partnering with the National Composites Centre, with funding by National Highways.

March 2024: Sika Group, a leading manufacturer of concrete fibers, unveiled a new eco-friendly product line crafted from recycled materials. These innovative fibers are engineered to enhance the durability and sustainability of construction projects, reflecting the industry's increasing emphasis on environmentally-friendly building solutions.