Saudi Arabia Concrete Reinforcing Fiber Market Size & Outlook
Saudi Arabia concrete reinforcing fiber market, 2018-2030 (US$M)
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Saudi Arabia concrete reinforcing fiber market highlights
- The Saudi Arabia concrete reinforcing fiber market generated a revenue of USD 23.4 million in 2021 and is expected to reach USD 32.6 million by 2030.
- The Saudi Arabia market is expected to grow at a CAGR of 3.7% 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 23.4 million |
| Market revenue in 2030 | USD 32.6 million |
| Growth rate | 3.7% (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, Saudi Arabia accounted for 1.1% 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 Middle East & Africa, Saudi Arabia concrete reinforcing fiber market is projected to lead the regional market in terms of revenue in 2030.
- South Africa is the fastest growing regional market in Middle East & Africa and is projected to reach USD 27.4 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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Saudi Arabia 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 39.74% in 2021. Horizon Databook has segmented the Saudi Arabia concrete reinforcing fiber market based on polyethylene, polypropylene, steel, basalt covering the revenue growth of each sub-segment from 2018 to 2030.
The economy of Saudi Arabia witnessed growth in 2018, with a GDP growth of 1.8% driven majorly by high public spending and recovery in oil production levels. In addition, Saudi Arabia is taking efforts to stimulate Foreign Direct Investments (FDIs) as it is slowly shifting toward a post-oil era by making investments in megaprojects.
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Target buyers of Saudi Arabia 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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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 Saudi Arabia concrete reinforcing fiber market , including forecasts for subscribers. This country databook contains high-level insights into Saudi Arabia concrete reinforcing fiber market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Saudi Arabia concrete reinforcing fiber market size, by product, 2018-2030 (US$M)
Saudi Arabia Concrete Reinforcing Fiber Market Outlook Share, 2021 & 2030 (US$M)
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