Increasing Infrastructure Spending is Likely to Augment Fiber Reinforced Concrete Sales

The governments around the world are gradually spending on infrastructure projects, which is projected to fuel the demand for fiber reinforced concrete during the forecast period. Several countries are targeting the renovation of old infrastructure which is likely to add the value to the market.

This is trailed by precast application in bridges, roads, and commercial & residential buildings. The fiber reinforced concrete is widely used in shotcrete application for mining & tunneling purpose. The rapid infrastructure growth coupled with industrialization growth will drive the sales over the forecast period.

Furthermore, the rise in standalone building construction is expected to arise as one of the primary factors driving the demand for fiber reinforced concrete. The factors like industrialization, rapid urbanization and expanding population in the emerging countries are expected to increase the spending on rising infrastructure needs.

The creation of new roadways around the globe is projected to lift the demand for fiber reinforced concrete. The investment in bridges and road infrastructure is one of the key factor which provides social and economic benefits to both emerging and advanced countries.

Global Fiber Reinforced Concrete Market Outlook

Based on the global scenario, the fiber reinforced concrete value is projected to be prominent in Europe and North America region. As both these nations are main technology receptors, they are expected to arise as leading regions in terms of volume. The use of synthetic fiber and steel in North America is likely to feature a commendable gain in the fiber reinforced concrete market in the forecast period.

Additionally, the growth is also being observed in house refurbishment and repair activities. Moreover, Asia Pacific region is expected to show vigorous growth among all the regions. This is due to the presence of rapidly developing countries in the region. The rapid growth in transport infrastructure in countries like China, Japan and India are likely to increase regional growth. For instance, agriculture is a one of the major contributors to GDP in India, and the development of canals and manufacturing of pipes is likely to offer good scenarios to use the material.