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WILMINGTON, Del. , Jan. 5, 2023 /PRNewswire/ -- The global concrete fiber market was worth US$ 1,209.9 Mn in 2021 and is projected to reach US$ 2,079.1 Mn by 2031. The market is anticipated to expand at a CAGR of 6.2% during the forecast period, from 2022 to 2031. Beneficial features of concrete fiber, particularly for industries such as transportation and building & construction, are expected to drive market demand during the forecast period.

Implementation of innovative production techniques that reduce product prices and government financing and initiatives are anticipated to drive market development. Rapid urbanization and industrialization throughout the world and higher usage of concrete fiber in the building & construction industry are anticipated to drive industry growth.

Building and construction businesses in Asia Pacific are largely driven by continuing infrastructural development activities in several countries. Consequently, usage of concrete fibers is expected to rise in the region. Construction activity is rising exponentially in China , India , and countries in Southeast Asia . Governments of these nations offer incentives to encourage the construction and development of infrastructure. Hence, the concrete fiber market in Asia Pacific is anticipated to expand rapidly during the forecast period.

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Key Findings of Market Report

Global Concrete Fiber Market: Growth Opportunities

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Global Concrete Fiber Market: Regional Landscape

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Global Concrete Fiber Market: Key Players

Global Concrete Fiber Market: Segmentation

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