European concrete reinforcing fiber market is estimated to grow at a CAGR of 4.2% during the forecast period. Growing industrialization is one of the key factors that is supporting the growth of the market. As per the Eurostat, in the EU, industrial production has surpassed the level reported in 2018. More than 75% of the EU’s value of sold production was produced by six member states, including Germany, Italy, France, the UK, Spain, and Poland, with 28%, 16%, 12%, 9%, 8%, and 5%, of the EU total respectively. The European government is significantly focused on encouraging small and medium enterprises. Horizon 2020 is the major research and innovation program in the EU.
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Under Horizon 2020, SMEs can get up to nearly $3 million each in funding for business support and mentoring. These kinds of government initiatives are supporting the increasing establishment of industrial infrastructure, which in turn, is contributing to the market growth. Fiber-reinforced concrete is gaining interest among the concrete community as it supports to decrease labor costs and construction time. Owing to these benefits, several structural elements are reinforced with steel fibers as a total or partial substitution of conventional reinforcement (welded or rebars mesh).
Scope of the European Concrete Reinforcing Fiber Market
Market Coverage
- Market number available for 2019-2026
- Base year- 2019
- Forecast period- 2020-2026
- Segment Covered- By Type and Application
- Regions Covered- UK, Germany, France, Spain, Italy, and Rest of Europe
- Competitive Landscape- Sika AG, BASF SE, N.V. Bekaert S.A., and Hanson Ltd.
Recent Strategic Initiatives in the European Concrete Reinforcing Fiber Market
- In August 2019, The Master Builders Solutions experts introduced their new website, The Master Builders Solutions experts introduced their new website www.masterfiber.basf.com. This offers advantages of MasterFiber that is gaining interest among its customers. Multiple references in various European countries have already demonstrated the sustainability benefits of MasterFiber. MasterFiber 249 has been implemented to encourage the renovation of the port of Barcelona. With polypropylene fibers, 60.000 m2 of pavement will be optimized for the durability of the area, and improvement of the chloride resistance.
- In 2018, Sika AG acquired the global Concrete Fibers business from Propex Holding, LLC. Propex concrete fibers business complements Sika’s concrete admixture product range. By adding Fibermesh, Enduro, Novomesh, and Novocan to Sika’s product portfolio, Sika can potentially serve the requirements of concrete customers, owners, engineers, architects, and general contractors.
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European Concrete Reinforcing Fiber Market-Segmentation
By Type
- Steel Fiber
- Synthetic Fiber
- Natural Fiber
- Glass Fiber
- Others
By Application
- Infrastructure
- Residential and Commercial
- Industrial
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