Germany Concrete Reinforcing Fiber Market Size & Outlook
Germany concrete reinforcing fiber market, 2018-2030 (US$M)
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Germany concrete reinforcing fiber market highlights
- The Germany concrete reinforcing fiber market generated a revenue of USD 98.1 million in 2021 and is expected to reach USD 164.5 million by 2030.
- The Germany market is expected to grow at a CAGR of 5.9% 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.
Concrete reinforcing fiber market data book summary
| Market revenue in 2021 | USD 98.1 million |
| Market revenue in 2030 | USD 164.5 million |
| Growth rate | 5.9% (CAGR from 2021 to 2030) |
| Largest segment | Steel |
| 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, Germany accounted for 4.5% 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 Europe, Germany concrete reinforcing fiber market is projected to lead the regional market in terms of revenue in 2030.
- Germany is the fastest growing regional market in Europe and is projected to reach USD 164.5 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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Germany 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 40.47% in 2021. Horizon Databook has segmented the Germany 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 the country has exhibited significant signs of revival and is expected to register high growth rate over the next seven years. This industry accounted for 5% of the GDP of Germany in 2015.
The number of approvals of residential building projects rose to approximately 310,000 in 2015, propelled by the influx of immigrants coupled with rising construction of single-family homes. Growth of construction industry is expected to result in an increased demand for building materials over the next seven years.
Significant awareness among consumers regarding the use of ready-mix concrete in the economy is also expected to benefit the market over the forecast period. Increased state-based spending on social housing coupled with a large inflow of refugees is expected to account for the growth of ready mixture concrete market in the economy over the forecast period.
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Horizon Databook provides a detailed overview of country-level data and insights on the Germany concrete reinforcing fiber market , including forecasts for subscribers. This country databook contains high-level insights into Germany concrete reinforcing fiber market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Germany concrete reinforcing fiber market size, by product, 2018-2030 (US$M)
Germany Concrete Reinforcing Fiber Market Outlook Share, 2021 & 2030 (US$M)
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