Market Insights
Glass fiber reinforced concrete (GFRC) market is likely to witness an impressive CAGR of 10.2% during the forecast period. Surge in demand for fire & weather resistance, dimensional stability, design flexibility, ease of operation and quick installation is the major factor underpinning the growth of the GFRC market during the forecast period. In addition, rise in the number of various construction projects in developed and emerging economies is also immensely bolstering the GFRC market, globally.
Glass Fiber Reinforced Concrete (GFRC) Market - Snapshot
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Growth
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10.2% for the next five years
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Major Process Type
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Spray
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Dominant Application Type
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Commercial Construction
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Region with the highest demand
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North America
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Key Players
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Ultratech Cement Ltd., Formglas Products Ltd., Willis Construction Co. Inc., Clark Pacific Corporation, Loveld NV, Fibrex Construction Group, and Betofiber A.S.
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Segments' Analysis
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Glass Fiber Reinforced Concrete (GFRC) Market Share: By Process Type
Based on the process type, the market is segmented as spray, premix, and hybrid. The spray segment held the largest share of the market in 2019, and is expected to remain dominant, whereas the hybrid segment is likely to be the fastest growing segment during the forecast period. Hybrid process is an advanced technology used for the production of GFRC, which lowers labor input, ultimately decreasing the cost of production.
Glass Fiber Reinforced Concrete (GFRC) Market Share: By Application Type
Based on the application type, the glass fiber reinforced concrete (GFRC) market is segmented as commercial construction, residential construction, and civil & other infrastructure construction. The commercial construction segment is estimated to maintain its dominance in the market during the forecast due to increasing use of GFRC in buildings, such as institutes, offices, hospitals, auditoriums, gymnasiums, museums, and cinema theatres.
Glass Fiber Reinforced Concrete (GFRC) Market Share: By Region
In terms of regions, North America is estimated to be the largest, whereas Asia-Pacific is estimated to be the fastest-growing glass fiber reinforced concrete (GFRC) market during the forecast period, owing to the presence of a large number of glass fiber reinforced concrete (GFRC) manufacturers in North America and the growth of infrastructure industry in the regions.
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Market Scope & Segmentation
Glass fiber reinforced concrete (GFRC) possesses certain properties such as compressive, tensile strength bending and shear forces. They also own few more properties such as temperature resistance, ease of handling, and rapid construction.
Glass fiber reinforced concretes (GFRC) are made by different processes such as spray, premix, and hybrid and are used in different applications such as commercial construction, residential construction and civil & other infrastructure construction.
This report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.
Glass Fiber Reinforced Concrete (GFRC) Market Research Report – Features
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Market Segmentation
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3
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Regions Covered
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4
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Countries/Sub-Regions Covered
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17
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No. of Figures & Tables
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>150
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Company Profiles
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10
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The glass fiber reinforced concrete (GFRC) market is segmented into the following categories.
Glass Fiber Reinforced Concrete (GFRC) Market Size, Share, & Forecast, by Process Type:
- Spray (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- Premix (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- Hybrid (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
Glass Fiber Reinforced Concrete (GFRC) Market Size, Share, & Forecast, by Application Type:
- Commercial Construction
- (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- (Application Type Analysis: Institutions, Hospitals, Offices, Airports, and Others)
- Residential Construction (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- Civil & Other Infrastructure Construction
- (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- (Application Type Analysis: Bridges/ Highways/ Tunnels/ Railways, and Defense)
Glass Fiber Reinforced Concrete (GFRC) Market Size, Share, & Forecast, by Region:
- North America (Country Analysis: the USA, Canada, and Mexico)
- Europe (Country Analysis: Germany, France, the UK, Russia, Spain, and Rest of Europe)
- Asia-Pacific (Country Analysis: China, Japan, India, Australia, and Rest of Asia-Pacific)
- Rest of the World (Sub-Region Analysis: Latin America, the Middle East, and Others)
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Research Methodology
This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools. More than 1,000 authenticated secondary sources, such as company annual reports, fact book, press release, journals, investor presentation, white papers, patents, and articles have been leveraged to gather the data. We conducted more than 10 detailed primary interviews with the market players across the value chain in all four regions and with industry experts to obtain both the qualitative and quantitative insights.
Report Customization Options
With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:
Company Profiling
- Detailed profiling of additional market players (up to 3 players)
- SWOT analysis of key players (up to 3 players)
Market Segmentation
- Current market segmentation of any one of the process types by application type.
Competitive Benchmarking
- Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances
Custom Research: Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry at sales@stratviewresearch.com.