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North America Concrete Cellulose Fiber Reinforcement Market Valuation to Exceed $12 Million by 2026, Says Global Market Insights Inc.

The growth of the North America concrete cellulose fiber reinforcement market is expected to be driven by the growing commercial and residential construction activities across the region, says this report.



SELBYVILLE, Del. - June 17, 2020 - (Newswire.com)

​According to the report published by Global Market Insights Inc., the North America concrete cellulose fiber reinforcement market is likely to exceed a valuation of nearly $12 million by 2026, registering a CAGR of 6.7% from 2020 to 2026. The report provides a thorough study of the key investment avenues, wavering industry trends, overall market estimations & size, drivers & opportunities, top winning strategies, and competitive scenarios.

Fiber-reinforced concrete is essentially a composite material that is a mixture of fibers and concrete. Cellulose fibers are utilized as micro-synthetic fibers for the control as well as mitigation of plastic shrinkage-related cracking. The fibers in reinforced concrete can effectively decrease the overall consumption of energy in construction projects, thereby making significant contributions towards sustainable development.

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Fibers are also utilized in precast concrete, finding use in beams & walls; exterior & interior walls; in sideways, driveways, and colored concrete; and fencing as well as architectural panels. Growing demand for commercial, residential, and infrastructure buildings will fuel the product consumption over the coming years across North America.

Based on application, the market is bifurcated into industrial, commercial, residential, and others which includes sewage & water disposal, highway & street, etc. The other segment will account for nearly 19% of volume share by the end of the analysis period. The segment is further associated with construction activities pertaining to conservation & development, power, sewage & water disposal, water supply, highway & street among others.

Key reasons for North America concrete cellulose fiber reinforcement market growth:

  1. Growing demand from the residential structures.
  2. Increasing revenue growth opportunities in the infrastructure sector.
  3. Rising product adoption across Canada.

Apart from commercial & residential structures the city also needs structures that are not related to the aforementioned segments, structures such as pavements, roads, and retaining walls. These structures need a substantial amount of concrete and fibers to decrease the consumption of energy along with reducing the weight of these structures as well. This further creates plentiful opportunities for the cellulose fiber in the infrastructure sector, thereby boosting the North America concrete cellulose fiber reinforcement market consumption.

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Additionally, increasing government spending and supportive policies will also expedite the rate of regional infrastructure growth, thereby augmenting the North America concrete cellulose fiber reinforcement market growth.

Leading market players analyzed in the North America concrete cellulose fiber reinforcement industry include Solomon Colors, Inc., Hercules Fibers, Fiberzone India, Canadian Greenfield Technologies Corp., and J. Rettenmaier USA LP among others.

About Global Market Insights, Inc.

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider. Offering syndicated and custom research reports, growth consulting, and business intelligence services, Global Market Insights, Inc. aims to help clients with penetrative insights and actionable market data that aid in strategic decision making.

GMIPulse, our business analytics platform offers an online, interactive option of exploring our proprietary industry research data in an easy-to-use and dynamic manner. Clients get to explore market intelligence across 11 top-level categories and hundreds of industry segments within them, covering regional, company level, and cross-sectional statistics that make our offering a stand-out for decision-makers.

Contact Us: ​

​Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Phone: 1-302-846-7766
Toll Free: 1-888-689-0688
Email: sales@gminsights.com
Web: https://www.gminsights.com


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