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Macrosynthetic fiber, also known as structural synthetic fibers,
are generally made from polymers such as polypropylene. It is extensively
employed as an alternative to steel fibers reinforcements in
concrete. Macrosynthetic fiber possess a high tensile strength of 600 MPa
and a relatively high modulus of elasticity (say 10 GPa) same
as steel fibers. However, steel fibers are considerably expensive and difficult
to handle.
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Macrosynthetic fibers are typically 38
– 50 mm in length with dosage rates varying from 1.8
– 9.0 kg/m3, depending on the product and application.
Macrosynthetic fibers not only provide resistance to plastic shrinkage but also
provide toughness, impact, and fatigue-resistance to concrete.
·
Macrosynthetic fibers, as concrete reinforcement, are a
cost-effective solution in comparison to steel fibers. They are also lighter in
weight and a non-corrosive substitute to steel fibers.
Key
Drivers of Macrosynthetic Fiber Market
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Housing demand has been increasing year-on-year in India and
China owing to a rise in population in these countries. Several countries such
as China, India, Bahrain, Kingdom of Saudi Arabia, and Vietnam have launched
government schemes to provide homes for their lower income citizens. In 2015,
the Government of India launched its affordable housing scheme called “Housing
for All by 2022” with an overall objective of providing housing for slum
dwellers with participation of private developers using land as a resource, and
promoting affordable housing for weaker sections through credit-linked subsidy.
Moreover, the scheme is focusing on partnership with public & private
sector for affordable housing, and providing subsidy for house construction or
enhancement. Additionally, on March 2020, the Government of Bahrain announced a
plan to build 1705 residential units, comprising 1402 flats, under the Salman
City Social Housing Project. Furthermore, the Bahrain Housing Ministry has
issued a tender of 132 residential homes on government land in Al-Lawzi.
According to the statement made by Bahrain Housing Minister Al-Hamar,
"This project will come up as a pilot project and if the project goes
successful, similar type of tenders of additional 15,000 residential homes will
be issued across the other governorates over the next 10 years". These
strategic initiatives by the government to build high quality homes for its poorer
section in the near future are likely to boost the demand for macrosynthetic
fiber globally.
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Several oil-rich countries such as Kingdom of Saudi Arabia,
Bahrain, Qatar, Iran, and the UAE are depend heavily on exports of its crude
oil. However, the COVID-19 pandemic has negatively impacted the demand for
crude oil, which led to a huge decline in prices of crude oil. The Government
of Saudi Arabia launched 'Saudi Vision 2030' in order to counter the country’s
slowing economy growth due to its dependence on exports of crude oil, wherein
Saudi Arabia has planned to diversify its economy and reduce its dependence on
oil. As per 'Saudi Vision 2030,' the government would be focusing on
development of sectors such as infrastructure, tourism, health, and education.
This scheme would augment the demand for macrosynthetic fiber and boost the
construction industry in the country in the near future.
·
In 2019, National Development and Reform Commission of the
People's Republic of China approved 26 infrastructure projects with total
expected investment of US$ 142 Bn. The Government of China plans to diversify
its economy in order to counter the country’s slowing economy growth due to its
dependence on exports and the manufacturing sector, by building infrastructure
projects in all provinces of the country. Moreover, an investment of US$ 142 Bn
was made by National Development and Reform Commission on the infrastructure
development projects. Beijing Municipal Commission of Development and Reform
also announced upcoming infrastructure projects worth US$ 36 Bn. This rise in
construction activities in China is boosting the construction industry, thereby
boosting the demand for macrosynthetic fiber as construction material.
·
Low prices of macrosynthetic fiber, as compared to its
alternatives such as steel fibers, are driving the demand for this product as
concrete reinforcement. It helps to improve crack control, while reducing the
amount of steel required. Economic advantages are achieved by the high
durability of the polymer fiber, savings in materials, and weight reduction
(saving in transport).
More
Trending Reports
Covid-19
Impact on Macrosynthetic Fiber Market
·
The COVID-19 pandemic has had a severe impact on end-use
industries of macrosynthetic fiber. The construction industry of China
witnessed a contraction of 28.1% in the first quarter of the current fiscal
year, due to the lockdown triggered by the COVID-19 pandemic. Several
Infrastructure projects such as Chongqing-Kunming high-speed railway and
Xianyang International Airport expansion plan have been delayed due to
COVID-19.
·
However, governments of several countries have started to ease
restriction on construction activities, which is estimated to revive the demand
for macrosynthetic fiber to the pre-COVID level in the construction industry.
Key Players Operating in Global Market
Key
players operating in the global macrosynthetic fiber market include:
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GCP Applied Technologies
·
BASF SE
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ABC Polymer Industries, LLC
·
Kordsa Teknik Tekstil A.?.
·
FORTA Corporation
·
The Euclid Chemical Company
·
Sika AG
·
Normet
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BarChip Pty Ltd
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