Fibers in concrete help in controlling and regulating plastic shrinkage and cracking as well as increasing energy absorption and reducing dangerous spalling at high temperatures. They improve freeze-thaw resistance and help to keep the concrete strong and attractive for extended periods.
The European concrete fiber market witnessed a moderate decline, in both value and volume in 2020, as construction activities slowed as a result of the pandemic. However, the market experienced phenomenal growth in 2021 (23.1% YoY), owing to the combined effects of recovery in construction activities and an abrupt increase in raw material prices. The European concrete fiber market is expected to register a healthy CAGR of 4.2% over the next five years to reach a value of US$ 684.1 million in 2027.
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