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3 important trends driving concrete fiber market over 2019-2025

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The increasing demand for commercial infrastructure such as industrial floorings, airports, hotels and offices are driving concrete fiber market size. Additionally, the rising population leading to proliferating urbanization trends will also be a prime driver for improving the market outlook over the forecast period.Concrete fibers have proved their ability to improve durability of construction material used for commercial as well as residential projects. Each type of concrete fiber plays a vital role in augmenting the strength of construction frameworks, say, like minimizing the cracks to reinforcing the structure. On that note, some of the important end-use trends that are expected to drive concrete fiber market size over 2019-2025 are stated below.

Increasing product demand from residential applications owing to rapid urbanization:

The growing population across the Asia-Pacific will create the necessity for new housing development projects, which will propel the residential end-use segment of the concrete fiber market. The developing economies like India and China will account for a majority of the market share owing to the increasing population along with the socio-economic development. The rise in per capita income of the middle-income group attributed toward the industrial development in the region will also stimulate concrete fiber market growth.

The economic growth of the Asia Pacific holds the key to the expansion of concrete fiber industry size in the region. According to UN, 17 of the world’s 28 megacities in 2014 emerged from the Asia-Pacific, which showcases the huge potential for the regional concrete fiber market. Moreover, the organization predicts over 22 megacities to arise from the region by 2030. Eventually, the growing number of megacities will require an upgrade of residential and commercial infrastructure, which will drive concrete fiber market trends.

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In April 2019, The World Bank Group and Cagamas (National mortgage corporation of Malaysia) recently held a Conference on “constructing and financing affordable housing across Asia”, in Kuala Lumpur, Malaysia. The event participants showcased innovative solutions and new technologies for addressing the challenges faced in the expanding urbanization, along with some brief discussions on the measures to achieve affordability for middle income groups. The incidence is an apt example validating the potential concrete fiber industry holds, in the APAC.

The propylene fibers are getting rapid acceptance in the residential application due to their flexibility, and the product finds huge applicability for the construction of driveways, patios, sidewalks, basement floorings, pool decks and cast in place walls. The increase in urbanization will thus favor the extensive growth of Asia-Pacific concrete fiber market share.

Growth in Industrial Infrastructure requirements:

Most of the Asian countries have undergone a massive change in terms of the manufacturing output and employment. The Asian region stands out among emerging markets owing the rapid industrialization. Leading manufacturing hubs such as China and India are looking forward to escalating the economy, focusing on the expansion of major industries including automotive, aerospace, electronics and medical devices in the coming years.

Moreover, government initiatives to promote industrialization in order to create new employment opportunities will also support the growth of construction activities. For instance, India plans to focus on high tech manufacturing as a part of the ‘Make in India’ initiative, through which the country wants to surge its manufacturing sector’s GDP share from 16% in 2015 to 25% by the end of 2025. According to United Nations Industrial Development Organization (UNIDO), India will emerge as a ‘pivot’ for high-tech manufacturing in the coming years.

The robust industrialization trends prevailing in the region will lead toward increased demand for industrial infrastructure, further augmenting the concrete fiber industry share. Industrial construction projects make use of macro-synthetic fibers for improving concrete’s durability. These fibers made from synthetic materials are used as a replacement for bars or fabric reinforcement, which considerably reduces the construction cost. Apart from synthetic fibers, the steel fibers are widely for industrial applications to intersecting cracks and stopping their further expansion, resulting in aesthetically pleasing slabs.

Growing application potential in road and bridge construction:

Road transportation forms a pivotal component of a nation’s economy, as it highly influences the domestic trade graph. Using reinforced pavements favors the non-stop preservation and rehabilitation operations of the road surface. The use of fiber reinforced concrete pavements (FRCP) is one of the latest developments in the area of road development. With water logging being a major cause for potholes in roads built with asphalt, the use of FRCP will completely eliminate water logging.

Additionally, fibrous concrete used for road developments can provide increased toughness, and abrasion resistance to the roads. The application of fibers will result in both the cement and fly ash savings further reducing the cost of road development.

The precast technology for developing the road barriers and bridges already exists since many years, which speeds up the construction process. Implementation of concrete fibers in precast mix eliminates the requirement of steel bars and mesh and speeds up the production process by nearly 50%. Moreover, the concrete fibers find widespread usage in shotcrete application for the development of tunnels. As the demand for stronger, durable roads, bridges, and highways surges, concrete fiber market trends are certain to depict a massive transformation.

The rapid proliferation of the building and construction activities across the globe will fuel the concrete fiber market demand. Asia Pacific concrete fiber market in particular, is anticipated to achieve exponential growth owing to the socio-economic development of the region. According to a research report by Global Market Insights, Inc., concrete fiber industry size will surpass USD 2.8 billion by 2025.

Author Name : Amol Kothekar

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Unveiling a succinct overview of LiDAR market from the application perspective: mechanical LiDARs to gain massive traction by 2025

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With an escalating upsurge in the demand for 3D imaging solutions, the growth graph of LiDAR market is poised to remain exponential in the forthcoming years. The application of LiDAR spans a stream of sectors such as the automobile, construction, archeology, land surveying, and river surveying industries. Perpetual advancements in automation, construction, flood modelling, cartography, navigation, meteorology etc. have also been driving the demand for LiDAR technology. The augmented use of LiDAR technology by governments for different activities, like topographical surveys, pollution modelling, flood modelling, mapping and surveillance, is expected to majorly propel LiDAR market growth ahead.

U.S. LiDAR Market Revenue, By Product, 2018 & 2025
U.S. LiDAR Market Revenue, By Product, 2018 & 2025

In initial times, heavy scanners were used for surveys, which called for an airplane with an entire managing team to compile the survey in question. The whole process was expensive and required a lot of manpower to complete the survey in a week. Only major government agencies could afford to conduct airborne LiDAR surveys, while the others had to rely on the data compiled by these official agencies.

Now however, with the advent of lightweight, low-cost scanners, equipped with advanced technological developments, the picture of the global LiDAR market has changed considerably. Many companies are incorporating LiDAR technology in their operations to embark on their own surveying activities. The continuous demand for LiDAR is bound to enhance its adoption, thereby fueling LiDAR market growth.

Back in day, companies struggled to procure detailed data for tropical surveys and other purposes due to scarce reliable alternatives. LiDAR however, has documented a revolution in terms of geospatial data and mapping. Currently, companies have started using LiDAR systems mounted onto a UAV for detailed and steadfast 3D mapping. Formerly, large historical sites used to take years for surveying, but now, entire cities can be mapped in 3D in a matter of minutes leveraging UAV aided with LiDAR technology. Versatility and ease of use, and the lure of accurate and visible details with effective mapping will further propel the expansion of LiDAR industry in the years ahead.

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Consumer demands have undergone a major upheaval in the last decade or so. Many leading companies – specifically automakers are seen striving to come up with something innovative by the day for expanding their consumer base. Say for instance, of late, automotive companies have been working tirelessly to manufacture efficient self-driving cars. These autonomous cars are incorporated with LiDAR technology to deliver a high-definition inch-precision map of the area where the vehicle is driving.

Specifically, automakers are known to incorporate mechanical LiDAR devices in the vehicles, given their excellent efficiency. This has also been attracting investments from many automotive companies, expediting the growth of the global mechanical LiDAR industry. As a matter of fact, the continuous spate of R&D activities to commercialize this technology in cars is expected to propel mechanical LiDAR market size, slated to record a CAGR of 32% over 2019-2025.

LiDAR technology has also found its deployment in environment applications. Airborne LiDARs are used to detect and map vegetation, deep waters and dense clouds. LiDAR is being used in oceanography to estimate general biomass and phytoplankton fluorescence in the surface layers of the ocean. LiDAR also enables scientists to determine the biodiversity of the forest helping to preserve ancient trees. This in consequence, is expected to drive LiDAR market share from environment applications, projected to register a CAGR of 32% over 2019-2025.

Boasting of numerous applications across several industries, LiDAR industry is slated to gain commendable traction across the globe. Core companies are focusing on enhancing their existing LiDAR portfolio and several other have been adopting LiDAR in their base operations as well. Driven by the escalating demand to collect highly accurate data across various project sites, LiDAR market valuation is expected to exceed USD 10 billion by 2025.

Author Name : Anchal Solanki