The concrete fiber market was estimated at USD 1.31 billion in 2021 and is likely to grow at a CAGR of 5.0% during 2022-2027 to reach USD 1.8 billion in 2027.
Fibers in concrete help in several ways such as controlling and regulating plastic shrinkage and cracking, increasing energy absorption, and reducing dangerous spalling at high temperatures.
They enhance tensile strength, and freeze-thaw resistance, and keep the concrete sturdy and visibly attractive over time. Hence, they are often used in applications like the construction of bridges, tunnels, and pavements.