Global Fiber Reinforced Concrete Market is estimated to be valued at USD 2.86 Bn in 2025 and is expected to reach USD 4.59 Bn by 2032, growing at a compound annual growth rate (CAGR) of 7.0% from 2025 to 2032.
Report Coverage
Report Details
Base Year:
2024
Market Size in 2025:
USD 2.86 Bn
Historical Data for:
2020 To 2024
Forecast Period:
2025 To 2032
Forecast Period 2025 to 2032 CAGR:
7.00%
2032 Value Projection:
USD 4.59 Bn
Figure. Fiber Reinforced Concrete Market Share (%), By Region 2025
Fiber reinforced concrete (FRC) is a composite material consisting of cement concrete reinforced with fibers. The fibers include steel fiber concrete, glass fiber concrete, natural fiber concrete, and polymer fiber concrete. The fibers are added to the concrete mix to increase its structural integrity. The most common types of fibers added include steel fibers, glass fibers, synthetic fibers and natural fibers. The fiber helps control cracks in the concrete caused by plastic shrinkage and settlement. They enable concrete to carry higher loads than ordinary concrete, while also imparting increased tensile strength, crack and impact resistance to the concrete composite.
Market Dynamics:
The global fiber reinforced concrete market growth is driven by increasing construction activities around the world. Fiber reinforced concrete finds wide usage in highways, bridges and buildings due to its high tensile strength and crack resistance properties. Growing infrastructure projects in developing nations is also accelerating the adoption of FRC. However, the market growth can be restrained by the higher cost of fiber reinforced concrete compared to traditional concrete. Ongoing research and development in fiber innovations is expected to create new opportunities. Development of cost-effective fibers such as carbon and plastic fibers would help push the market revenues.
Key Features of the Study:
This report provides an in-depth analysis of the global fiber reinforced concrete market, and provides market size (US$ Bn) and compound annual growth rate (CAGR%) for the forecast period (2025-2032), considering 2024 as the base year.
It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market.
This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players.
It profiles key players in the global fiber reinforced concrete market based on the following parameters - company highlights, products portfolio, key highlights, financial performance, and strategies.
Key companies covered as a part of this study include BASF SE, Bekaert, CEMEX S.A.B. de C.V., Sika AG, ABC Polymer Industries, LLC, Nycon Corporation, Ultratech Concrete, Owens Corning, FORTA Corporation, The Euclid Chemical Company, Bajaj Reinforcements LLP, CHRYSO Group, Breedon Group plc, Twintec Group Limited, and JCF.
Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics.
The global fiber reinforced concrete market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.
Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global fiber reinforced concrete market.
Detailed Segmentation-
By Type:
Natural Fiber
Synthetic Fiber
Glass Fiber
Steel Fiber
Other Types
By Application:
Infrastructure
Building & Construction
Industrial
By Region:
North America
Europe
Asia Pacific
Latin America
Middle East & Africa
Company Profiles:
BASF SE
Bekaert
CEMEX S.A.B. de C.V.
Sika AG
ABC Polymer Industries, LLC
Nycon Corporation
Ultratech Concrete
Owens Corning
FORTA Corporation
The Euclid Chemical Company
Bajaj Reinforcements LLP
CHRYSO Group
Breedon Group plc
Twintec Group Limited
JCF
Table of Contents
1. Research Objectives and Assumptions
Research Objectives
Assumptions
Abbreviations
2. Market Purview
Report Description
Market Definition and Scope
Executive Summary
Market Snippet, By Type
Market Snippet, By Application
Market Snippet, By Region
Coherent Opportunity Map (COM)
3. Market Dynamics, Regulations, and Trends Analysis
Market Dynamics
Drivers
Restraints
PEST Analysis
PORTER's Five Forces Analysis
Market Opportunities
Regulatory Scenario
Industry Trend
Mergers and Acquisitions
4. Global Fiber Reinforced Concrete Market - Impact of Coronavirus (COVID-19) Pandemic
Overview
Factors Affecting the Global Fiber Reinforced Concrete Market
Impact Analysis
5. Global Fiber Reinforced Concrete Market, By Type, 2020-2032, (US$ Bn)
Introduction
Market Share Analysis, 2025, 2028 and 2032 (%)
Y-o-Y Growth Analysis, 2020 - 2032
Segment Trends
Natural Fiber
Market Share Analysis, 2025, 2028 and 2032 (%)
Y-o-Y Growth Analysis, 2020 - 2032
Segment Trends
Synthetic Fiber
Market Share Analysis, 2025, 2028 and 2032 (%)
Y-o-Y Growth Analysis, 2020 - 2032
Segment Trends
Glass Fiber
Market Share Analysis, 2025, 2028 and 2032 (%)
Y-o-Y Growth Analysis, 2020 - 2032
Segment Trends
Steel Fiber
Market Share Analysis, 2025, 2028 and 2032 (%)
Y-o-Y Growth Analysis, 2020 - 2032
Segment Trends
Other Types
Market Share Analysis, 2025, 2028 and 2032 (%)
Y-o-Y Growth Analysis, 2020 - 2032
Segment Trends
6. Global Fiber Reinforced Concrete Market, By Application, 2020-2032, (US$ Bn)
Introduction
Market Share Analysis, 2025, 2028 and 2032 (%)
Y-o-Y Growth Analysis, 2020 - 2032
Segment Trends
Infrastructure
Market Share Analysis, 2025, 2028 and 2032 (%)
Y-o-Y Growth Analysis, 2020 - 2032
Segment Trends
Building & Construction
Market Share Analysis, 2025, 2028 and 2032 (%)
Y-o-Y Growth Analysis, 2020 - 2032
Segment Trends
Industrial
Market Share Analysis, 2025, 2028 and 2032 (%)
Y-o-Y Growth Analysis, 2020 - 2032
Segment Trends
7. Global Fiber Reinforced Concrete Market, By Region, 2020-2032, (US$ Bn)
Introduction
Market Share Analysis, By Region, 2025, 2028 and 2032 (%)
Y-o-Y Growth Analysis, For Region, 2020-2032
North America
Introduction
Market Size and Forecast, By Type, 2020 - 2032, (US$ Bn)
Market Size and Forecast, By Application, 2020 - 2032, (US$ Bn)
Market Size and Forecast, By Country, 2020 - 2032, (US$ Bn)
U.S.
Canada
Latin America
Introduction
Market Size and Forecast, By Type, 2020 - 2032, (US$ Bn))
Market Size and Forecast, By Application, 2020 - 2032, (US$ Bn)
Market Size and Forecast, By Country, 2020 - 2032, (US$ Bn)
Brazil
Argentina
Mexico
Rest of Latin America
Europe
Introduction
Market Size and Forecast, By Type, 2020 - 2032, (US$ Bn)
Market Size and Forecast, By Application, 2020 - 2032, (US$ Bn)
Market Size and Forecast, By Country, 2020 - 2032, (US$ Bn)
U.K.
Germany
Italy
France
Spain
Russia
Rest of Europe
Asia Pacific
Introduction
Market Size and Forecast, By Type, 2020 - 2032, (US$ Bn)
Market Size and Forecast, By Application, 2020 - 2032, (US$ Bn)
Market Size and Forecast, By Country, 2020 - 2032, (US$ Bn)
China
India
Japan
ASEAN
Australia
South Korea
Rest of Asia Pacific
Middle East & Africa
Introduction
Market Size and Forecast, By Type, 2020 - 2032, (US$ Bn)
Market Size and Forecast, By Application, 2020 - 2032 (US$ Bn)
Market Size and Forecast, By Country, 2020 - 2032, (US$ Bn)