Global Fiber Reinforced Concrete (FRC) Market Size, Share, Forecast Report 2019-2025

The demand for Fiber Reinforced Concrete market is projected to reach 3.2 USD billion by 2025, while actuating at an estimated CAGR of 6.2% from 2019 to 2025. The FRC production technologies, process and the applications are observed to be environmentally friendly. FRC is in continuous development phase, while its technical properties are continually improved and the demand for FRC has been increasing, which is driven by sustainable development requirements.  Further, increasing application of FRC across diverse field of civil engineering is expected to be one of the prominent drivers for higher demand of FRC across the globe.

Regional Insight

North America is the largest FRC market over the globe in 2018. Continuous innovation and R&D in field of reengineered material, position North America above other region. Demand for safe, cost efficient and advance infrastructure construction has led to the higher demand of FRC in the region. Moreover, U.S being at the forefront in the innovation of new and better construction material strengthens its position in the global FRC market. Asia-Pacific is expected to be the prominent region in the global SMA market, registering highest CAGR over the forecast period. Rapid industrialization with economies growing, demand for advance construction material on account of increasing construction activities and smart cities is expected to generate higher demand for FRC. The producers in Europe are striving to improve the balance between manufacturing cost and physical material properties in compliance to European ‘green’ policies. Further, strict building regulations are putting pressure on producers demanding more energy efficient materials, better quality products and wider range of product application, supporting the growth of global FRC Market.

RESEARCH METHODOLOGY

The research and analysis is based on data and information obtained from various primary and secondary sources. The data obtained is validated by interacting with the companies of the concerned domain. The steps involved in the research methodology are;

• Obtaining historical data of the market based on news, articles, publications, annual reports, white papers, and other secondary sources
• Interacting with key opinion leaders of the market and developing data points based on interaction with them
• Study of past trends in the market and their year on year Impact on the market size and share
• Analyzing the collected data points
• Bridging the data points to calculate the total Fiber Reinforced Concrete market and its various segments
• Anticipating potential risks
• Analyzing market forces such as drivers, restraints, and opportunities to assess new growth areas for the market
• Finalizing the overall size and share for the global Fiber Reinforced Concrete market

The years used for the assessment are as follows;

• Historical year : 2015, 2016 and 2017
• Base year   : 2018
• Forecast period : 2019 – 2025

OBJECTIVES:

• To classify the Fiber Reinforced Concrete market into segments by type, application, end-use and country to analyze their growth prospects individually.
• To analyze market trends, opportunities, drivers and restraints associated with the Fiber Reinforced Concrete market.
• Profiling key companies operating in the Fiber Reinforced Concrete market.
• To study market response with respect to the mergers and acquisitions in the industry.