U.S. Concrete Reinforcing Fiber Market Size & Outlook
U.S. concrete reinforcing fiber market, 2018-2030 (US$M)
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U.S. concrete reinforcing fiber market highlights
- The U.S. concrete reinforcing fiber market generated a revenue of USD 541.7 million in 2021 and is expected to reach USD 1,054.9 million by 2030.
- The U.S. market is expected to grow at a CAGR of 7.7% 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 541.7 million |
| Market revenue in 2030 | USD 1,054.9 million |
| Growth rate | 7.7% (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, U.S. accounted for 24.7% 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 North America, U.S. concrete reinforcing fiber market is projected to lead the regional market in terms of revenue in 2030.
- U.S. is the fastest growing regional market in North America and is projected to reach USD 1,054.9 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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U.S. 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 39.34% in 2021. Horizon Databook has segmented the U.S. concrete reinforcing fiber market based on polyethylene, polypropylene, steel, basalt covering the revenue growth of each sub-segment from 2018 to 2030.
Residential & commercial industry in the U.S. has witnessed a significant growth since 2016 due to the increasing remodeling and renovation activities in residential construction sector. The increased construction of single homes is likely to emerge as one of the primary factors fueling the demand for fiber-reinforced concrete, thereby driving the market growth in the country.
In addition, the market is likely to progress on account of growth of single-family housing sector, which was valued at USD 263.9 billion in 2016. The demand for lightweight materials is likely to rise owing to the rising expenditure of consumers.
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Target buyers of U.S. 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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Horizon Databook provides a detailed overview of country-level data and insights on the U.S. concrete reinforcing fiber market , including forecasts for subscribers. This country databook contains high-level insights into U.S. concrete reinforcing fiber market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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U.S. concrete reinforcing fiber market size, by product, 2018-2030 (US$M)
U.S. Concrete Reinforcing Fiber Market Outlook Share, 2021 & 2030 (US$M)
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