Concrete Reinforcing Fiber Market Worth $3.96 Billion By 2030
Concrete Reinforcing Fiber Industry Overview The global concrete reinforcing fiber market size is expected to reach USD 3.96 billion by 2030, registering a CAGR of 6.8% during the forecast period, according to a new report by Grand View Research, Inc. Increasing demand for lightweight non-corrosive materials in the construction industry is expected to boost product demand in the forecast period. The advantages offered by the reinforcing fibers in concrete include widening of joint spacing and reduction in slab thickness. In addition, they also in reducing the spalling at joint edges and the overall formation & maintenance cost. The aforementioned benefits offered by the product are expected to augment its demand in heavy-load operating structures such as runways, aircraft, and warehouses. Concrete Reinforcing Fiber Market Segmentation Grand View Research has segmented the global concrete reinforcing fiber market based on product, application, and region: Based on th...