Fiber Reinforced Concrete (FRC) Market Overview
The fiber reinforced concrete (FRC) market is expected to grow at a CAGR of around 8% during the forecast period (2021-2026). The factors driving the market growth are the rising construction activities in Asia-Pacific and the increasing demand for transport infrastructure with a growing population. The introduction of new alkaline-resistant synthetic fibers is likely to provide opportunities for the market during the forecast period. The market was negatively impacted by COVID-19 due to the halts in various mining, building, and construction activities and workforce shortages affected the commercial, infrastructural, institutional, and other construction sectors, thus, had decreased the demand for the fiber-reinforced concrete market. However, as the lockdowns were removed, these construction activities are picked up the pace, to meet the growing demand for infrastructure from various end-user markets.
Download a free sample here – Fiber Reinforced Concrete (FRC) Market
Fiber Reinforced Concrete (FRC) Market – Geographical Overview
Asia-Pacific region to dominate the fiber reinforced concrete (FRC) market
The consumption levels of fiber reinforced concrete in Asia-Pacific countries, such as China, India, and Indonesia, are expected to rise at a robust rate. This rise is due to the increasing demand from the transportation, and building, and construction industries. As per National Railway Administration (China), the length of China Railways’ rail network, including, electrical railroad embankment and double-track railroad embankment, accounted for 193.56 thousand kilometers in 2020, compared to 183 thousand kilometers in 2019. This has increased the demand for FRC used in various railways infrastructure during rail network expansion in the country.
Check our other latest reports on –
Key Highlights of the Fiber Reinforced Concrete (FRC) Market
List of Key Players in the Fiber Reinforced Concrete (FRC) Market
Related Reports and Links
*List Not Exhaustive
Mordor Intelligence has segmented the global fiber reinforced concrete (FRC) market on the basis of type, end-user industry, and geography:
About Mordor Intelligence
Mordor Intelligence is a market intelligence and advisory firm. Our mission is to map complex business ecosystems across the globe to better predict butterfly effects. To date, we have partnered with 4000+ enterprises across 20 industries, to deliver precise data and actionable insights in over 6000 projects. Our domain-specific teams of research experts continuously track markets, enabling our clients to gain a competitive edge through high-quality market intelligence.
We offer fully tailored intelligence solutions to meet the unique business requirements of any organization. Our deep industry expertise coupled with cross-functional analyst teams ensures we can support the intelligence requirements of even the most specific of business problems.
Media ContactCompany Name: Mordor Intelligence Private LimitedContact Person: Bhargav PEmail: Send EmailPhone: +1 617-765-2493Address:5th Floor, Rajapushpa Summit, Nanakramguda Rd, Financial District, Gachibowli City: HyderabadState: Telangana 500008Country: IndiaWebsite: https://www.mordorintelligence.com/industry-reports/fiber-reinforced-concrete-frc-market?utm_source=press-release&utm_medium=Outbound&utm_campaign=52983&utm_id=AB_Newswire&utm_content=PR1