China Concrete Reinforcing Fiber Market Size & Outlook
China concrete reinforcing fiber market, 2018-2030 (US$M)
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China concrete reinforcing fiber market highlights
- The China concrete reinforcing fiber market generated a revenue of USD 359.9 million in 2021 and is expected to reach USD 799.6 million by 2030.
- The China market is expected to grow at a CAGR of 9.3% from 2022 to 2030.
- In terms of segment, polypropylene was the largest revenue generating product in 2021.
- Basalt is the most lucrative product segment registering the fastest growth during the forecast period.
Concrete reinforcing fiber market data book summary
| Market revenue in 2021 | USD 359.9 million |
| Market revenue in 2030 | USD 799.6 million |
| Growth rate | 9.3% (CAGR from 2021 to 2030) |
| Largest segment | Polypropylene |
| Fastest growing segment | Basalt |
| Historical data | 2018 - 2020 |
| Base year | 2021 |
| Forecast period | 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, China accounted for 16.4% of the global concrete reinforcing fiber market in 2021.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China concrete reinforcing fiber market is projected to lead the regional market in terms of revenue in 2030.
- China is the fastest growing regional market in Asia Pacific and is projected to reach USD 799.6 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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China 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.
Polypropylene was the largest segment with a revenue share of 38.82% in 2021. Horizon Databook has segmented the China concrete reinforcing fiber market based on polyethylene, polypropylene, steel, basalt covering the revenue growth of each sub-segment from 2018 to 2030.
Rapid urbanization in China is one of the primary factors boosting the growth of construction sector. China has undergone a massive urbanization process, which has transformed the country over the past decade. The urban population has surged from 170 million to 730 million in the last 30 years.
The government of China implemented National New-type Urbanization Plan 2014–2020 in order to manage the excessive growth in urban areas. This plan aims to provide sustainable solutions for qualitative growth in the urban areas through the development of smart and green buildings, which, in turn, is expected to drive construction industry over the forecast period.
In addition, various demographic factors, such as rising elderly population, coupled with rising standard of living due to urbanization are expected to drive construction industry. The growth of construction industry is anticipated to propel the demand for fiber-reinforced concrete owing to its wide range of applications.
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Target buyers of China 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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Horizon Databook provides a detailed overview of country-level data and insights on the China concrete reinforcing fiber market , including forecasts for subscribers. This country databook contains high-level insights into China concrete reinforcing fiber market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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China concrete reinforcing fiber market size, by product, 2018-2030 (US$M)
China Concrete Reinforcing Fiber Market Outlook Share, 2021 & 2030 (US$M)
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