North America concrete cellulose fiber reinforcement market Report 2020 | Regional Analysis & Growth Forecast to 2026

Increasing commercial, residential and infrastructure development activities across the region is estimated to propel North America concrete cellulose fiber reinforcement market growth over the forthcoming years. Moreover, rising investments from government authorities in conjunction with favorable policies will further contribute to the industrial growth.

Cellulose fibers find extensive usage in precast concrete, which in turn is used in fencing and architectural panels, sideways, driveways, and colored concrete. Further, it is also used to construct beams along with exterior & interior walls. Owing to such wide applications of cellulose fibers in the construction projects, the industry will witness a considerable rise in product demand.

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Based on the report by Global Market Insights, Inc., North America concrete cellulose fiber reinforcement market share is projected to surpass USD 12 million by 2026, on account of below mentioned trends:

Mounting residential constructions in the region

Residential sector is projected to acquire an overall business share of 40% by the end of forecast time on account of rising population, increasing urbanization and high disposable incomes. Based on the data released by the U.S. Department of Housing and Urban Development and the U.S. Census Bureau, the sales of newly constructed single-family houses increased to 13.8% in June 2020 as compared to the previous month. According to the data, this is the highest level since the Great Recession. Such accelerating demand for houses in the country will significantly increase the demand for concrete cellulose fiber.

Rising construction activities in the U.S. and Canada

The U.S. concrete cellulose fiber reinforcement market is expected to hold 80% of volume share in North America market during the forecast time period owing to increasing construction activities in the country. On the other hand, Canada is also anticipated to record significant gains of over USD 1.4 billion by 2026.

Speaking of construction activities in Canada, the government is taking several steps towards the infrastructural development in the country. For instance, in 2020, the governments of Canada and Quebec made an announcement regarding the investment in water infrastructure development in the Quebec province. This initiative is aimed at building reliable water infrastructure for the communities in the region. These infrastructural developments across the country will have a positive impact on the industry growth.

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Non-building structures providing new growth avenues

Apart from residential and commercial constructions, non-building structures such as pavements, roads and retaining walls are also a crucial part of infrastructural development of a city. Concrete and fibers are used in large quantities for the construction of these structures for minimizing the energy consumption and reducing the weight of these structures. This provides a wide scope for cellulose fiber applications in infrastructure sector, which will positively influence the product demand over the coming years.

Environmental benefits of cellulose fiber supporting increased adoption

Fiber reinforced concrete is a composite material, which is a mixture of concrete and fibers. Cellulose fibers are used as micro-synthetic fibers for the mitigation and control of plastic shrinkage cracking. Fibers in reinforced concrete can reduce the total energy consumption of construction projects, thus contributing to sustainable development.

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