GITNUX MARKETDATA REPORT 2024

Fiber Reinforced Concrete Industry Statistics

Fiber reinforced concrete industry is anticipated to experience steady growth due to rising demand for durable and high-performance construction materials.

Highlights: Fiber Reinforced Concrete Industry Statistics

  • The global fiber reinforced concrete (FRC) market size was valued at USD 68.77 billion in 2021.
  • The FRC market is projected to reach USD 137.08 billion by 2028.
  • The FRC industry is expected to register a CAGR of 8.34% from 2021 to 2028.
  • Steel fiber reinforced concrete (SFRC) dominates the FRC market with a 72.8% share in 2019.
  • Synthetic FRC is projected to witness the highest CAGR of 8.9% from 2020 to 2027.
  • The Asia-Pacific region accounted for the highest share of the FRC industry in 2019.
  • China accounts for the largest share of the FRC market in Asia-Pacific.
  • North America is the second largest market for FRC after Asia-Pacific, with the US dominating the market.
  • The infrastructure segment accounted for the largest market share of 39.7% in 2019 for FRC.
  • Demand for FRC in the residential segment is projected to grow at a CAGR of 7.4% from 2020 to 2027.
  • The global demand for FRC could rise due to a 2.3% annual increase in global construction activities.
  • Recycled FRC could represent a significant market opportunity in the near future due to rising environmental concerns.
  • FRC usage in non-building applications accounted for 43.6% of the global FRC market in 2015.
  • The Steel Fiber FRC segment is expected to represent a CAGR of 10.3% during 2019-2025.
  • The top five companies in the FRC market accounted for 67% of the global market share in 2021.
  • FRC consumption in Latin America is expected to grow at a CAGR of 7.3% between 2020 and 2027.
  • Demand in the Middle East and Africa for FRC is expected to grow at a CAGR of 8.2% between 2022 and 2028.
  • The industrial sector is expected to be the fastest-growing end-user segment in the FRC market during the forecast period with a CAGR of 8.1% from 2022 to 2028.

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The Latest Fiber Reinforced Concrete Industry Statistics Explained

The global fiber reinforced concrete (FRC) market size was valued at USD 68.77 billion in 2021.

The statistic “The global fiber reinforced concrete (FRC) market size was valued at USD 68.77 billion in 2021” indicates the total monetary value of the global market for fiber reinforced concrete products in the year 2021. This value reflects the combined revenue generated from the production, sale, and consumption of FRC materials worldwide. The market size figure provides insight into the significant economic scale and growth potential of the FRC industry, highlighting its importance as a key sector within the construction and infrastructure markets. It serves as a key metric for stakeholders, investors, and decision-makers to assess the market’s current status, trends, and opportunities for future investment and development in the FRC sector.

The FRC market is projected to reach USD 137.08 billion by 2028.

The statistic ‘The FRC market is projected to reach USD 137.08 billion by 2028’ indicates the anticipated total market value of the FRC (Fire Resistant Coating) industry by the year 2028. This projection suggests that the demand for FRC products and services is expected to increase significantly in the coming years, leading to a substantial market growth. Factors such as increasing regulations on fire safety, growing awareness about the benefits of fire-resistant materials, and expansion in industries requiring fire protection are likely driving forces behind this projection. This statistic provides valuable insights for investors, businesses, and policymakers to better understand the potential size and opportunities in the FRC market in the near future.

The FRC industry is expected to register a CAGR of 8.34% from 2021 to 2028.

This statistic indicates that the Financial Research and Consulting (FRC) industry is projected to experience a Compound Annual Growth Rate (CAGR) of 8.34% from the year 2021 to 2028. A CAGR is a measure of the annual growth rate of an investment or industry over a specified period of time, taking into account the effects of compounding. In this context, an 8.34% CAGR suggests a steady and significant growth trajectory for the FRC industry over the specified period, indicating that the industry is expected to expand and increase in value at a consistent rate. This statistic is valuable for investors, businesses, and policymakers as they can use it to make informed decisions and projections about the future prospects of the FRC industry.

Steel fiber reinforced concrete (SFRC) dominates the FRC market with a 72.8% share in 2019.

The statistic indicates that steel fiber reinforced concrete (SFRC) held a significant majority share of 72.8% within the fiber reinforced concrete (FRC) market in 2019. This suggests that SFRC was the most commonly used type of FRC in construction projects during that year, compared to other types such as polymer or glass fiber reinforced concrete. This dominance could be attributed to the proven performance, cost-effectiveness, and versatility of SFRC in enhancing the tensile strength, ductility, and durability of concrete structures. The high market share of SFRC in 2019 signifies its widespread acceptance and adoption in the construction industry as a preferred choice for applications requiring increased structural performance and longevity.

Synthetic FRC is projected to witness the highest CAGR of 8.9% from 2020 to 2027.

This statistic indicates that the synthetic FRC (Fire-Resistant Clothing) market is expected to experience a Compound Annual Growth Rate (CAGR) of 8.9% from the year 2020 to 2027. This projection suggests that the demand for synthetic FRC is likely to steadily increase at a significant rate over the forecasted period. The higher CAGR implies strong market growth opportunities within the synthetic FRC industry, potentially driven by factors such as regulatory requirements for safety compliance, increasing awareness of workplace safety standards, and advancements in fabric technology. Businesses operating within this market may benefit from the growth potential highlighted by this statistic and could consider leveraging this trend to optimize their market strategies and offerings in order to capitalize on the expected market expansion.

The Asia-Pacific region accounted for the highest share of the FRC industry in 2019.

The statistic indicates that in 2019, the Asia-Pacific region had the largest market share within the FRC (Flexographic Printing for Packaging and Labels) industry compared to other regions globally. This suggests that a significant portion of flexographic printing for packaging and labels was produced and used in the Asia-Pacific region. This may be due to various factors such as the growing economy, increasing demand for packaging and labels in the region, advancements in technology, and the expansion of the FRC industry within Asia-Pacific countries. The dominance of the Asia-Pacific region in the FRC industry highlights its importance as a key player in the global market for flexographic printing materials.

China accounts for the largest share of the FRC market in Asia-Pacific.

The statistic indicates that China holds the highest market share in the Fire Resistant Clothing (FRC) market within the Asia-Pacific region. This suggests that a significant portion of the demand and consumption of FRC products in Asia-Pacific originates from China, showcasing the country’s dominance and influence in this specific market segment. Factors such as a large workforce, industrial growth, and regulatory requirements for safety standards could contribute to China’s leading position in the FRC market in the Asia-Pacific region. This statistic is crucial for companies in the FRC industry as it highlights China as a key market player and signals potential opportunities for market expansion or competition.

North America is the second largest market for FRC after Asia-Pacific, with the US dominating the market.

The statistic indicates that North America holds the second largest market share for fiber reinforced composites (FRC) after the Asia-Pacific region, with the United States exerting dominance in this market segment. This suggests that North America, particularly the US, plays a significant role in the global FRC industry, trailing behind only the Asia-Pacific region in terms of market size and influence. The strong presence of the US in the FRC market signifies the country’s robust manufacturing capabilities, technological advancements, and perhaps a higher demand for FRC-based products in various industries within the region. This statistic underscores the importance of North America, particularly the US, as a key player in the global FRC market landscape.

The infrastructure segment accounted for the largest market share of 39.7% in 2019 for FRC.

This statistic indicates that among all the segments of FRC (possibly referring to a company or industry), the infrastructure segment held the highest market share in 2019, representing 39.7% of the total market. This suggests that a significant portion of FRC’s business or the industry as a whole was focused on infrastructure-related projects or services during that year. The dominance of the infrastructure segment could signify either strong demand for infrastructure-related products or services, successful strategies employed within that segment, or potentially a larger market size compared to other segments within FRC. This statistic underscores the importance and influence of the infrastructure segment within the overall market landscape of FRC in 2019.

Demand for FRC in the residential segment is projected to grow at a CAGR of 7.4% from 2020 to 2027.

This statistic indicates that the demand for Fiber Reinforced Concrete (FRC) within the residential sector is expected to increase steadily at a Compound Annual Growth Rate (CAGR) of 7.4% between the years 2020 and 2027. The CAGR provides a measure of the average annual growth rate over the specified time period, showing a consistent and progressive upward trend in demand for FRC within residential construction activities. This projection suggests that FRC is likely to become increasingly popular in residential applications, potentially driven by factors such as its superior strength and durability compared to traditional concrete, as well as the growing emphasis on sustainable and resilient building materials in the construction industry.

The global demand for FRC could rise due to a 2.3% annual increase in global construction activities.

The statistic suggests that the global demand for Fiber Reinforced Concrete (FRC) is expected to increase as a result of a 2.3% annual growth in global construction activities. This means that as construction projects continue to rise worldwide, there will be a greater need for materials such as FRC, which is known for its strength and durability. The increasing demand for FRC can be attributed to its ability to enhance the performance and longevity of structures, making it an attractive choice for construction projects seeking long-lasting and resilient materials. Overall, this statistic indicates a positive outlook for the FRC industry, with ongoing growth in construction activities driving the demand for this specialized concrete material.

Recycled FRC could represent a significant market opportunity in the near future due to rising environmental concerns.

The statistic suggests that there is a growing market opportunity for recycled FRC (Fiber Reinforced Composites) in the near future, attributed to the increasing environmental concerns. As the global focus on sustainability and eco-friendly practices continues to escalate, the demand for recycled materials is expected to rise. FRC, being a composite material that combines fibers with a polymer matrix, holds great potential in catering to this need for sustainable alternatives. The scalability of FRC recycling, coupled with its potential to be repurposed into various products, makes it an attractive option for businesses looking to align with environmental goals. Therefore, investing in the recycling of FRC could yield significant benefits for businesses and the environment alike.

FRC usage in non-building applications accounted for 43.6% of the global FRC market in 2015.

This statistic indicates that the use of fiber reinforced composites (FRC) in non-building applications made up 43.6% of the total FRC market worldwide in the year 2015. This suggests that a significant portion of FRC products were utilized in sectors outside of traditional construction applications, such as automotive, aerospace, marine, and industrial equipment. The data highlights the diversification of FRC usage across various industries beyond just buildings, showcasing the versatility and widespread adoption of FRC materials for their strength, durability, and lightweight properties in a range of applications.

The Steel Fiber FRC segment is expected to represent a CAGR of 10.3% during 2019-2025.

The statistic indicates that the Steel Fiber FRC (Fiber Reinforced Concrete) segment is projected to experience a Compound Annual Growth Rate (CAGR) of 10.3% between the years 2019 and 2025. This signifies that the market for Steel Fiber FRC is anticipated to grow steadily at an annual rate of 10.3% during this period. A higher CAGR suggests a higher growth rate, indicating that there is increasing demand and adoption of Steel Fiber FRC within the construction industry. The projection implies potential opportunities for businesses operating in this segment to capitalize on this growth trend and expand their market presence.

The top five companies in the FRC market accounted for 67% of the global market share in 2021.

This statistic indicates that out of all the companies operating in the FRC (Flame Resistant Clothing) market worldwide in 2021, the top five companies collectively held a significant portion of the market share, accounting for approximately 67%. This suggests a high level of market concentration with a handful of companies dominating a considerable share of the industry. The dominance of these top five companies could potentially influence market dynamics and competition within the FRC market, including pricing strategies, product innovations, and industry trends. Understanding the market share distribution among key players is essential for evaluating the competitive landscape and overall market structure in the FRC industry.

FRC consumption in Latin America is expected to grow at a CAGR of 7.3% between 2020 and 2027.

This statistic indicates that the consumption of FRC (flavored ready-to-drink beverages) in Latin America is projected to increase at a compound annual growth rate (CAGR) of 7.3% over the period from 2020 to 2027. This suggests a strong and steady growth trend in the consumption of these beverages in the region, likely driven by factors such as changing consumer preferences, increasing disposable incomes, and marketing efforts by FRC companies. The CAGR reflects the annual growth rate that, if maintained, would lead to a cumulative 7.3% growth by the end of 2027, highlighting the significant expansion anticipated in the FRC market in Latin America over the specified time frame.

Demand in the Middle East and Africa for FRC is expected to grow at a CAGR of 8.2% between 2022 and 2028.

The statistic indicates that the demand for Fiber Reinforced Composites (FRC) in the Middle East and Africa region is projected to increase at a compound annual growth rate (CAGR) of 8.2% over the period from 2022 to 2028. This growth rate suggests a steady and relatively strong expansion in the consumption of FRC materials within the specified region during the stated timeframe. Factors such as increasing infrastructure development, industrial expansion, and growing adoption of advanced composite materials could be driving this growth in demand for FRC. Companies operating in the FRC market in the Middle East and Africa may benefit from this projected growth by strategically positioning themselves to meet the anticipated increase in demand for these materials.

The industrial sector is expected to be the fastest-growing end-user segment in the FRC market during the forecast period with a CAGR of 8.1% from 2022 to 2028.

This statistic indicates that the industrial sector is projected to experience the most rapid growth among all end-user segments in the Fiber Reinforced Composites (FRC) market over the forecast period from 2022 to 2028, with a Compound Annual Growth Rate (CAGR) of 8.1%. This suggests that the demand for FRC materials and products within the industrial sector is expected to significantly increase during this timeframe, likely driven by factors such as rising industrialization, infrastructure development, and the benefits of FRC in enhancing performance and durability. The high growth rate forecasted for the industrial sector highlights the potential opportunities for FRC manufacturers and suppliers to target this segment and capitalize on its expanding market share.

References

0. – https://www.www.alliedmarketresearch.com

1. – https://www.www.psmarketresearch.com

2. – https://www.www.mordorintelligence.com

3. – https://www.www.fortunebusinessinsights.com

4. – https://www.www.marketsandmarkets.com

5. – https://www.www.grandviewresearch.com

How we write our statistic reports:

We have not conducted any studies ourselves. Our article provides a summary of all the statistics and studies available at the time of writing. We are solely presenting a summary, not expressing our own opinion. We have collected all statistics within our internal database. In some cases, we use Artificial Intelligence for formulating the statistics. The articles are updated regularly.

See our Editorial Process.

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