The Global Residential Steel Fiber Reinforced Concrete Market accounted for US$ 2.87 billion 2020 and is estimated to be US$ 5.94 billion by 2030 and is anticipated to register a CAGR of 7.5%. A composite material produced of Portland cement, aggregate, and discrete discontinuous fibers is known as fiber reinforced concrete (FRC). Under any sort of stress, the real contribution of the fibres is to raise the toughness of the concrete (defined as a function of the area under the load vs. deflection curve). Steel fibres, mesh, and steel reinforcing bars are widely utilized in construction. Product demand has increased as a result of benefits such as reduced steel usage, concrete cost reductions, and speedier construction. These solutions also help to improve building quality by preventing rebar corrosion and controlling cracks and shrinkage.

The report " Global Steel Fiber Reinforced Concrete Market, By Type (Cut Wire (Cold Drawn) Steel Fiber Type, Slit Sheet Steel Fiber Type, Melt Extract Steel Fiber Type, and Mill Cut Steel Fiber Type), By Application (Industrial (e.g. warehouses floor), Commercial (e.g. parking lots), Airport Runways, Ports, Highway, and Others), and By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Trends, Analysis and Forecast till 2030

Key Highlights:

In August 2019, The specialists at Master Builders Solutions have developed a new website, www.masterfiber.basf.com, that highlights the advantages of Master Fiber as well as the one-of-a-kind customer support provided by a global team of concrete experts. Customers can save money and have more flexibility in the production process using Master Fiber. Concrete's traditional steel reinforcing can be partially or entirely replaced with the novel fibres. This has a significant environmental impact since it allows customers to avoid using steel, which is expensive, heavy, difficult to handle, and generates trash.
In March 2021, Aramco Americas (Houston, Tex., U.S.) and the American Concrete Institute (ACI, Farmington Hills, Mich., U.S.) announced on March 28 the launch of NEx: A Center of Excellence for Nonmetallic Building Materials to develop and promote the use of nonmetallic materials in the construction sector.
Analyst View:

Fiber Reinforced Concrete (FRC) is gaining an increasing interest among the concrete community for the reduced construction time and labor costs. As a result, steel fibres are increasingly used to reinforce numerous structural parts as a partial or complete replacement for traditional reinforcement. Aside from cost, a construction's quality is critical, and FRC meets these requirements as well, because the fibres allow for more evenly distributed cracks with a smaller opening, which improves longevity. Growing infrastructure and supportive government regulations have been cited as significant drivers for the steel fiber market.

Browse 60 market data tables* and 35 figures* through 140 slides and in-depth TOC on ‘Global Steel Fiber Reinforced Concrete Market, By Type (Cut Wire (Cold Drawn) Steel Fiber Type, Slit Sheet Steel Fiber Type, Melt Extract Steel Fiber Type, and Mill Cut Steel Fiber Type), By Application (Industrial (e.g. warehouses floor), Commercial (e.g. parking lots), Airport Runways, Ports, Highway, and Others), and By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Trends, Analysis and Forecast till 2030’

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Key Market Insights from the report:

The Global Residential Steel Fiber Reinforced Concrete Market accounted for US$ 2.87 billion 2020 and is estimated to be US$ 5.94 billion by 2030 and is anticipated to register a CAGR of 7.5%. The Global Steel Fiber Reinforced Concrete Market is segmented based on the type, application and region.

By Type, the market is segmented into Cut Wire (Cold Drawn) Steel Fiber Type, Slit Sheet Steel Fiber Type, Melt Extract Steel Fiber Type, and Mill Cut Steel Fiber Type.
By Application, the Global Steel Fiber Reinforced Concrete Market is segmented into Industrial (e.g. warehouses floor), Commercial (e.g. parking lots), Airport Runways, Ports, Highway, and Others.
By Region, the Global Steel Fiber Reinforced Concrete Market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.
Competitive Landscape:

The key players operating in the global Steel Fiber Reinforced Concrete market includes Bekaert SA, Euclid Chemical, Nycon, Sika Corporation, Propex, Fibercon International, BAUTECH, Hunan Sunshine Steel Fiber, Junwei Metal Fiber and Wuhan Xintu.

The market provides detailed information regarding the industrial base, productivity, strengths, manufacturers, and recent trends which will help companies enlarge the businesses and promote financial growth. Furthermore, the report exhibits dynamic factors including segments, sub-segments, regional marketplaces, competition, dominant key players, and market forecasts. In addition, the market includes recent collaborations, mergers, acquisitions, and partnerships along with regulatory frameworks across different regions impacting the market trajectory. Recent technological advances and innovations influencing the global market are included in the report.

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Some Important Points Answered in this Market Report Are Given Below:

Explains an overview of the product portfolio, including product development, planning, and positioning
Explains details about key operational strategies with a focus on R&D strategies, corporate structure, localization strategies, production capabilities, and financial performance of various companies.
Detailed analysis of the market revenue over the forecasted period.
Examining various outlooks of the market with the help of Porter’s five forces analysis, PEST & SWOT Analysis.
Study on the segments that are anticipated to dominate the market.
Study on the regional analysis that is expected to register the highest growth over the forecast period
Key Topics Covered

Introduction
Study Deliverables
Study Assumptions
Scope of the Study
Research Methodology
Executive Summary
Opportunity Map Analysis
Market at Glance
Market Share (%) and BPS Analysis, by Region
Competitive Landscape
Heat Map Analysis
Market Presence and Specificity Analysis
Investment Analysis
Competitive Analysis
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