Asia Pacific Concrete Reinforcing Fiber Market Size & Outlook
Asia Pacific concrete reinforcing fiber market, 2018-2030 (US$M)
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Asia Pacific concrete reinforcing fiber market highlights
- The Asia Pacific concrete reinforcing fiber market generated a revenue of USD 759.6 million in 2021.
- The market is expected to grow at a CAGR of 8.4% from 2022 to 2030.
- In terms of segment, steel was the largest revenue generating product in 2021.
- Basalt is the most lucrative product segment registering the fastest growth during the forecast period.
- Country-wise, China is expected to register the highest CAGR from 2022 to 2030.
Asia Pacific data book summary
| Market revenue in 2021 | USD 759.6 million |
| Market revenue in 2030 | USD 1,576.3 million |
| Growth rate | 8.4% (CAGR from 2021 to 2030) |
| Largest segment | Steel |
| Fastest growing segment | Basalt |
| Historical data covered | 2018 - 2020 |
| Base year for estimation | 2021 |
| Forecast period covered | 2022 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Polyethylene, Polypropylene, Steel, Basalt |
| Key market players worldwide | Basf SE, NV Bekaert SA, Cemex SAB de CV ADR, Sika AG, UltraTech Cement Ltd DR, Owens-Corning Inc, ABC Polymer Industries, LLC, Nycon, FORTA Concrete Fiber, RPM International Inc |
Other key industry trends
- In terms of revenue, Asia Pacific region accounted for 34.6% of the global concrete reinforcing fiber market in 2021.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 1,576.3 million by 2030.
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Concrete Reinforcing Fiber Market Scope
Concrete Reinforcing Fiber Market Companies
| Name | Profile | # Employees | HQ | Website |
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Asia Pacific concrete reinforcing fiber market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to concrete reinforcing fiber market will help companies and investors design strategic landscapes.
Steel was the largest segment with a revenue share of 39.09% in 2021. Horizon Databook has segmented the Asia Pacific concrete reinforcing fiber market based on polyethylene, polypropylene, steel, basalt covering the revenue growth of each sub-segment from 2018 to 2030.
Construction industry in developing regions, such as Asia Pacific, is anticipated to outperform than in developed regions on account of increasing per capita income and rapid urbanization in the former regions.
Among the major economies considered in this region, construction industry in China is expected to experience a sluggish growth as compared to other regions over the next seven years due to large order backlogs noted in this industry.
However, the other economies in the region are anticipated to flourish over the forecast period on account of heavy investments by most governments for railway, highway, and road infrastructure expansion and residential construction.
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Target buyers of Asia Pacific concrete reinforcing fiber market databook
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Our clientele includes a mix of concrete reinforcing fiber market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of continent-level data and insights on the Asia Pacific concrete reinforcing fiber market , including forecasts for subscribers. This continent databook contains high-level insights into Asia Pacific concrete reinforcing fiber market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Asia Pacific concrete reinforcing fiber market size, by country, 2018-2030 (US$M)
Asia Pacific Concrete Reinforcing Fiber Market Outlook Share, 2021 & 2030 (US$M)
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