Global Glass Fiber Reinforced Concrete (GFRC) Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2026
MarketResearch.biz delivers in-depth insights on the global glass fiber reinforced concrete (GFRC) market in its upcoming report titled, “Global Glass Fiber Reinforced Concrete (GFRC) Market Trends, Applications, Analysis, Growth, and Forecast: 2017 to 2026”. The global glass fiber reinforced concrete (GFRC) market is estimated to register a CAGR of X.X% in terms of value during forecast period 2017–2026. The report offers in-depth insights, revenue details, and other vital information regarding the target market, and the various trends, drivers, restraints, opportunities, and threats till 2026. The report offers insightful and detailed information regarding the various key players operating in the market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint. The global glass fiber reinforced concrete (GFRC) market report has been segmented on the basis of process, application, and region.
This report is based on synthesis, analysis, and interpretation of information gathered regarding the target market from various sources. Our analysts have analyzed the information and data and gained insights using a mix of primary and secondary research efforts with the primary objective to provide a holistic view of the market. In addition, an in-house study has been made of the global economic conditions and other economic indicators and factors to assess their respective impact on the market historically, as well as the current impact in order to make informed forecasts about the scenarios in future.
Glass Fiber Reinforced Concrete (GFRC) is a type of concrete produced by use of recycled and low toxicity raw materials. Various materials used to produce GFRC include sand, water, glass fibers, and cement. GFRC offers certain characteristics that are superior to other conventional materials such as steel reinforced concrete (SRC), which is a major factor for its increasing adoption in recent years. GFRC is durable, lightweight, and long lasting, which results in reduction in maintenance and transportation costs.
Growing adoption of glass fiber reinforced concrete (GFRC), owing to various advantages and benefits offered of GFRC, is a major factor driving growth of the global glass fiber reinforced concrete (GFRC) market. In addition, rapid urbanization in certain developing economies and rising adoption of GFRC in construction industries across the globe are other major factors expected to boost growth of the global glass fiber reinforced concrete (GFRC) market over the forecast period.
However, limited ductility of GFRC as compared to that of SRC is a major factor restraining growth of the global glass fiber reinforced concrete (GFRC) market. Additionally, high costs associated with research & development in GFRC is another major factor expected to hamper growth of the global glass fiber reinforced concrete (GFRC) market over the forecast period.
A major and rising trend in the global market is increasing adoption of GFRC in various end use industries. This is another factor projected to fuel growth of the global glass fiber reinforced concrete (GFRC) market over the forecast period to a significant extent.
Currently, the market in North America accounts for highest share in the global glass fiber reinforced concrete (GFRC) market in revenue terms, owing to high adoption of glass fiber reinforced concrete (GFRC) in construction activities in the region. The market in Asia Pacific accounted for second-highest revenue share in the global glass fiber reinforced concrete (GFRC) market, due to increasing government initiatives for development of infrastructure, and rapid industrialization, followed by markets in Europe, Middle East & Africa, and Latin America respectively. The market in Asia Pacific is projected to witness fastest growth in terms of revenue, owing to increasing adoption of glass fiber reinforced concrete (GFRC) in various construction activities in emerging economies in the region. Moreover, the markets in Latin America and Middle East & Africa are expected to witness moderate growth over the forecast period. Also, revenue from the market in Middle East & Africa is projected to register a CAGR of X.X% over the forecast period.
Global glass fiber reinforced concrete (GFRC) market segmentation:
- Commercial Construction
- Residential Construction
- Civil & Other Infrastructure Construction
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Particular Scope Region
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East and Africa
- South Africa
- Rest of Middle East and Africa
Estimated Year 2020 Actual Year 2021 Forecast Period 2021–2030 Revenue in US$
- BCM GRC Ltd.
- Domcrete GFRC Countertop Supplies
- Betofiber A/S
- Blue Concrete
- CHENG Concrete
- Fibrobeton Yapi Elemanlari
- Fibrex Construction Group
- Frey-Fil Corp.
- Formglas Products Ltd.
- GB Architectural Cladding Products Ltd.
- Glass Reinforced Concrete UK Ltd.
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