Concrete Fiber Market Size, Share and Trends 2025 to 2034

The global concrete fiber market size was evaluated at USD 2.53 billion in 2024, grew to USD 2.74 billion in 2025 and is projected to reach around USD 5.58 billion by 2034. The market is expanding at a notable CAGR of 8.24% between 2025 and 2034. The Asia Pacific concrete fiber market size is calculated at USD 1.42 billion in 2024 and is expected to grow at a CAGR of 8.29% during the forecast year.

  • Last Updated : 30 Dec 2024
  • Report Code : 5393
  • Category : Chemical and Material

Concrete Fiber Market Size and Forecast 2025 to 2034

The global concrete fiber market size was accounted for USD 2.53 billion in 2024 and is expected to exceed around USD 5.58 billion by 2034, growing at a CAGR of 8.24% from 2025 to 2034. The increasing demand for advanced construction materials with enhanced properties is driving the growth of the concrete fiber market.

Concrete Fiber Market Size 2025 to 2034

Concrete Fiber Market Key Takeaways

  • Asia Pacific dominated the global market with the largest market share of 56% in 2024.
  • North America will show significant growth in the market during the forecast period.
  • By fiber type, the steel fiber segment contributed the highest market share in 2024.
  • By fiber type, the synthetic fiber segment will witness significant growth during the forecast period.
  • By application, the infrastructure segment captured the biggest market share in 2024.
  • By application, the building and construction segment will witness substantial growth during the predicted period.

How Can AI Impact the Concrete Fiber Market?

The integration of the AI into the concrete fiber market for the development of the mechanical properties such as enhancing the tensile strength, post cracking ductility, toughness, and flexural strength. The increasing adoption of the artificial intelligence into the construction industry in the different applications executing predictive maintenance, increasing project planning, construction material, and other.

  • In July 2024, Ajax Engineering, a major player in the concreting equipment manufacturer in India, launched Concrete GPT, the revolutionary AI platform. The chatbot aims to provide the information concerning regulatory changes, innovation, and market insights to the professionals in the construction sector.

Asia Pacific Concrete Fiber Market Size and Growth 2025 to 2034

The Asia Pacific concrete fiber market size was exhibited at USD 1.42 billion in 2024 and is projected to be worth around USD 3.15 billion by 2034, growing at a CAGR of 8.29% from 2025 to 2034.

Asia Pacific Concrete Fiber Market Size 2025 to 2034

Asia Pacific dominated the global concrete fiber market in 2024. The increasing population of regional countries like India and China and the continuous investment in infrastructural development, such as road construction for enhancing public transport, is driving the demand for the market. The increasing economic development and the rise in per capita income in the population are accelerating the demand for an elevated lifestyle, which positively influences the real estate industry with increasing investment in buying own houses that cause the increasing building and construction industry.

  • The government of India has a plan of investment worth USD 1.3 trillion national master plan for the Gati-Shakti infrastructural development. The expansion of the ‘Smart Cities Mission’ and ‘Housing for All’ programs has benefited from these initiatives. 
  • Saudi Arabia has announced that it will spend up to USD 100 billion in India on petrochemicals, energy, infrastructure, refinery, minerals, agriculture, and mining.
  • India is about to invest USD 5 trillion in infrastructural development. The capital investment outlay for the infrastructural development has increased by 11.1% to Rs. 11.11 lakh crore (USD 133.86 billion), with 3.4% of GDP in the interim budget of 2024-25.

Concrete Fiber Market Share, By Region, 2024 (%)

North America will show significant growth in the market during the forecast period. The growth of the market is attributed to the higher presence of the developed countries and the continuous spending on the infrastructural development is driving the demand for the market. Furthermore, there is a rise in investment in research and development of chemical compounds and developing materials.

  • In October 2024, the spending on the construction sector in the U.S. was estimated at a seasonally adjusted annual rate of USD 2,174.0 billion, a 0.4% increase from the September estimation of USD 2,164.7 billion.
  • The expenditure on private construction was a seasonally adjusted annual rate of USD 1,676.4 billion, a 0.7% increase from the September estimate of USD 1,664.7 billion. The spending on public construction estimated seasonally adjusted annual rate of public construction spending was USD 497.6 billion, 0.5% from the September estimate of USD 500 billion.

Market Overview

Concrete fibers are the combination and integration of fibers into the concrete to enhance its integrity, durability, and strength. There are several fibers, such as glass fibers, steel fibers, natural fibers, and synthetic fibers, are reinforced into the concrete. The increasing demand for concrete fibers in the infrastructural development is driving the concrete fiber market growth. Concrete fibers help reduce shrinkage and enhance energy absorption, strength, and resistance to high temperatures.

Concrete Fiber Market Growth Factors

  • Increasing industrialization: The rising industrial infrastructure in economically developed and developing countries due to the increasing population around the world and the demand for the products and services is contributing to the expansion of the concrete fiber market.
  • Increasing mining industries: The rising adoption of fiber-reinforced concrete in the mining industries due to its enhanced durability, strength, resistance to fatigue and shock, and several other factors that make easy and convenient development of the mines or tunnels are accelerating the market expansion.
  • Government intervention: The increasing government intervention in the development of infrastructural development such as roads, bridges, subways, and others, along with the continuous development of buildings and construction industries, is driving the growth of the concrete fiber market.

Market Scope

Report Coverage Details
Market Size by 2024 USD 2.53 Billion
Market Size in 2025 USD 2.74 Billion
Market Size in 2034 USD 5.58 Billion
Market Growth Rate from 2025 to 2034 CAGR of 8.24%
Dominating Region Asia Pacific
Fastest Growing Region North America
Base Year 2024
Forecast Period 2025 to 2034
Segments Covered Fiber Type, Application, and Regions
Regions Covered North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa

Market Dynamics

Driver

The rise in the adoption of concrete fibers owing to its benefits

The increasing demand for the concrete fiber market from industrial and infrastructural development due to its benefits such as crack resistance, durability, reduced plastic shrinkage, crack control, cohesion, design flexibility, higher strength, increased load capacity, and ductility, higher tensile strength, sustainability, corrosion, fire resistance, and enhancing structural strength that improves the adaptation of the concrete fibers in the infrastructural projects such as basement foundations, building pillars, support beams, bridges, roadways, drainage pipes, and others which increase the sales of the concrete fibers.

Restraint

Cost of material

The higher cost of the concrete fibers as compared to non-reinforced concrete and the higher weight of the concrete fibers than the plain concrete material are collectively limiting the growth of the concrete fiber market.

Opportunity

The increasing demand for innovative design and engineered materials

The increasing construction industry across the world and driving demand for the faster and more reliable engineering materials for the development of buildings are driving the growth opportunity in the expansion of the concrete fiber market. There is an increasing investment in the research and development of fiber types, concrete mix designs, and fiber geometries.

Fiber Type Insights

The steel fiber segment led the global concrete fiber market in 2024. Steel fiber reinforced concrete is used in a wide range of applications, mainly non-structural applications like industrial flooring and shotcrete. Steel fiber reinforced concrete has properties like semi-ductile, strain softening, and post-cracking behavior. Steel fiber reinforced concrete is used in a wide range of applications, including flooring, tunneling, housing, structural, shotcrete, precast, and special applications. The rising construction and infrastructural development around the world is due to the rising population and the demand for residential and commercial buildings.

The synthetic fiber segment will witness significant growth in the concrete fiber market during the forecast period. Synthetic fiber is widely used in different industries, including clothing, textiles, home furnishing, and clothing. Synthetic fibers are also known as man-made fibers. These types of fibers are used to make chemical compounds. Synthetic fibers have the properties such as strength, durability, easy maintenance, and high resistance to wrinkles. Nylon, polyester fiber, and acrylic fiber are some types of synthetic fibers. Synthetic fiber-reinforced concrete can improve the alkaline environment of concrete.

Application Insights

The infrastructure segment dominated the concrete fiber market in 2024. The rising investment in infrastructural development across the world, along with the rising industrial development that boosts the demand for high-quality development materials, is driving demand for the market. The increasing development in highways, industries, and other areas drives the demand for concrete fibers to increase the life cycle, prevent cracks, and increase load resistance capacity, which is driving the use of concrete fibers in road or highway development.

The building and construction segment will witness substantial growth in the market during the predicted period. The increasing worldwide population and the demand for residential and commercial buildings are driving the demand for durable, robust materials for construction projects, which drives the demand for the concrete fiber market in the building and construction industries. The increasing investment by private firms and the regional government in the building and construction industries.

Concrete Fiber Market Companies

Concrete Fiber Companies
  • Bekaert
  • Cemex S.A.B. de C.V.
  • ABC POLYMER INDUSTRIES
  • BASF SE
  • BarChip Pty Ltd
  • OZINGA BROS., Inc
  • RPM International Inc.
  • Nycon
  • Owens Corning
  • HeidelbergCement
  • EUCLID CHEMICAL COMPANY
  • Sika AG
  • GCP Applied Technologies Inc

Latest Announcement by Industry Leaders

  • In June 2024, ABC Polymer, LLC launched TruBuilt, the latest venture in the construction supply business. TruBuilt aims to provide a wider selection of high-quality construction materials and tools. 
  • In August 2024, REGEN Fiber introduced a revolutionary way to recycle wind turbine blades into usable materials for manufacturers in mortar, concrete, and other industries. 

Recent Developments

  • In December 2024, the Oil Sustainability Program, launched by the NovusCrete consortium, is a worldwide collaboration effort aimed at developing and increasing the adoption of durable and sustainable saltwater concrete.  
  • In January 2024, JOGANI Reinforcement, a leading provider of crack control concrete fibers in India, received the patent for Blended Concrete Fibers that enhance vital parameters in concrete.
  • In November 2024, Cemex’s corporate venture capital (CVC) and open innovation unit, ‘Cemex Ventures,’ announced the initial hydrogen deployment at an industrial scale with HiiROC. 

Segments Covered in the Report 

By Fiber Type 

  • Steel Fiber
  • Synthetic Fiber
  • Glass Fiber
  • Natural Fiber
  • Others 

By Application 

  • Infrastructure
    • Highways
    • Bridges
    • Railways
    • Others 
  • Building and Construction
    • Residential 
    • Non-residential 
  • Mining and Tunnel
  • Industrial
  • Others 

By Geography

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • Middle East and Africa

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Frequently Asked Questions

The global concrete fiber market size is expected to grow from USD 2.53 billion in 2024 to USD 5.58 billion by 2034.

The concrete fiber market is anticipated to grow at a CAGR of 8.24% between 2025 and 2034.

The major players operating in the concrete fiber market are Bekaert, Cemex S.A.B. de C.V., ABC POLYMER INDUSTRIES, BASF SE, BarChip Pty Ltd, OZINGA BROS., Inc, RPM International Inc., Nycon, Owens Corning, HeidelbergCement, EUCLID CHEMICAL COMPANY, Sika AG, GCP Applied Technologies Inc, and Others.

The driving factors of the concrete fiber market are the increasing demand in industrial and continuous development of buildings and construction industries.

Asia Pacific region will lead the global concrete fiber market during the forecast period 2025 to 2034.

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