Industrial Infrastructure

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

China civil engineering market to register substantially high gains over 2016-2025, surging demand from industrial infrastructure applications to spur the regional growth

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Increasing investments in infrastructural developments across the globe will boost civil engineering market significantly. With digitization conquering the global industrial landscape, the development of smart cities is on an incline, which will also provide a positive impetus to civil engineering market. The infrastructure of a country is largely responsible for its overall progress, subject to which the governments of various countries have been investing heavily in the construction sector and infrastructural development. The rapid industrialization, urbanization, rise in population, and the government norms regarding sustainable construction will be key factors propelling civil engineering market. According to Global Market Insights, “Civil Engineering market was worth USD 7990 billion in 2015 and is slated grow at an annual growth rate of more than 3.5% over the coming years of 2016 to 2025.

Europe Civil Engineering Market size, by application, 2013-2025 (USD Billion)
Europe Civil Engineering Market size, by application, 2013-2025 (USD Billion)

Prominent customer groups of civil engineering market include private businesses and government purchase. Civil engineering market from private business customer group is predicted to register an annual growth rate of 4.1% over the coming years of 2016 to 2025. Escalating investments in the housing sector to provide shelter to the ever-growing population base will favor the business growth. Supportive government policies regarding infrastructure development will also augment civil engineering market expansion.

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Taking into account the application landscape, civil engineering market is mainly divided into industrial infrastructure, energy, transport, and residential buildings. Industrial infrastructure application segment will exhibit considerable growth rate over the coming timeframe. Surging investment by the government for the development of roads, bridges, and dams will influence the product demand noticeably. In addition, rising infrastructure development across various sectors such as automotive, nuclear, leisure & hospitality, and food & beverages will propel civil engineering industry share.

Transportation application landscape will grow at an annual growth rate of more than 2% over the coming eight years. Significant investment by the government in road transport facilities will generate flourishing growth prospects for the product. The residential sector is also another lucrative application segment that is expected to register fairly substantial gains over 2016-2025.

Government purchase customer group segment collected a revenue of more than USD 4080 billion in 2015 and will register significant CAGR over the coming timeframe, owing to the increasing number of civil facilities and the pressure to develop high quality infrastructure.

Considering the geographical trends, U.S. civil engineering market will collect a revenue of USD 1830 billion by 2025. The escalating investments in industrial infrastructure, commercial, and residential sectors across this region will augment the industry growth. Furthermore, the government has been implementing numerous legislations pertaining to energy conservation, which will also influence the industry share noticeably.

Russia civil engineering industry will register CAGR of more than 2.5% over the coming eight years. The presence of a huge industrial base of mining, metallurgical, and oil & gas sector will fuel the requirement of civil engineering on large scale.

China civil engineering market size, worth more than US 3400 billion revenue in 2015, will exhibit a noticeable growth rate over the years ahead. Strong initiation taken by the government to develop infrastructure in the various sectors such as road & transport, power plants, and commercial buildings will augment the industry outlook.

The noteworthy participants in this market are US Army Corps of Engineers, Foster Wheeler, Galfar Engineering & Contracting SAOG, HDR, Inc., URS Corporation, CH2M Hill, Jacobs Engineering Group, AECOM Technology, SNC-Lavalin, Fluor Corporation, and Kentz.

Author Name :Sunil Hebbalkar