European Concrete Fiber Market is estimated to reach US$ 684.1 million in 2027.
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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