The fiber reinforced concrete (FRC) market is a growing sector within the construction industry. FRC is a type of concrete that includes fibers, such as steel, glass, or synthetic materials, to improve its strength, durability, and resistance to cracking. The use of FRC is becoming more popular due to its superior performance compared to traditional concrete in a variety of applications.
The global FRC market is expected to grow at a CAGR of around % from 2022 to 2030. The market is driven by the growing demand for FRC in the construction of infrastructures such as highways, bridges, and buildings, as well as in the industrial sector for applications such as flooring, tunnels, and pipes. Additionally, the increasing use of FRC in the repair and rehabilitation of existing structures is further fueling the market growth.
The Asia Pacific region is the largest market for FRC, followed by North America and Europe. The growth in the Asia Pacific market can be attributed to the increasing investments in infrastructure projects in countries such as China and India. Moreover, the rising demand for sustainable construction materials is also boosting the demand for FRC in the region.
Some of the key players operating in the FRC market include
- Bekaert
- CEMEX SAB de CV
- GCP Applied Technologies Inc.
- MBCC Group 6.4.5KrampeHarex GmbH & Co. KG
- Nycon
- Sika AG
The Euclid Chemical Company. These companies are focusing on product innovation, mergers and acquisitions, and partnerships to expand their market presence and gain a competitive advantage.
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