Middle East & Africa Concrete Reinforcing Fiber Market Size & Outlook
Middle East & Africa concrete reinforcing fiber market, 2018-2030 (US$M)
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MEA concrete reinforcing fiber market highlights
- The MEA concrete reinforcing fiber market generated a revenue of USD 69.1 million in 2021.
- The market is expected to grow at a CAGR of 4.9% 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.
- Country-wise, South Africa is expected to register the highest CAGR from 2022 to 2030.
MEA data book summary
| Market revenue in 2021 | USD 69.1 million |
| Market revenue in 2030 | USD 105.9 million |
| Growth rate | 4.9% (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, MEA region accounted for 3.2% 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.
Key Regions: U.S. , UK , Japan , Brazil , South Africa
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Concrete Reinforcing Fiber Market Scope
Concrete Reinforcing Fiber Market Companies
| Name | Profile | # Employees | HQ | Website |
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Middle East & Africa 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 39.22% in 2021. Horizon Databook has segmented the Middle East & Africa concrete reinforcing fiber market based on polyethylene, polypropylene, steel, basalt covering the revenue growth of each sub-segment from 2018 to 2030.
Construction industry scenario in the Middle East & Africa is challenged due to uncertainty around the government spending for infrastructure projects. The demand for concrete reinforcing fiber in the industry is expected to be driven by the product’s use in residential construction.
In addition, the market is expected to register limited growth in line with the growth of building & construction industry in the region. The recovery of oil prices reduces the burden on government finances, which is expected to boost new models of development such as public-private partnerships for infrastructure development.
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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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Horizon Databook provides a detailed overview of continent-level data and insights on the Middle East & Africa concrete reinforcing fiber market , including forecasts for subscribers. This continent databook contains high-level insights into Middle East & Africa concrete reinforcing fiber market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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MEA concrete reinforcing fiber market outlook size, by country, 2018-2030 (US$M)
Middle East & Africa Concrete Reinforcing Fiber Market Outlook Share, 2021 & 2030 (US$M)
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