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    Glass Fiber Reinforced Concrete (GFRC) Market | Covid-19 Impact Analysis

    Glass Fiber Reinforced Concrete (GFRC) Market | Covid-19 Impact Analysis

    Glass Fiber Reinforced Concrete (GFRC) Market | Covid-19 Impact Analysis
    Report code - SRAM460 Delivery - 2 Weeks
    Glass Fiber Reinforced Concrete (GFRC) Market Size, Share, Trend, Forecast, & Industry See more...
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    Impact of COVID-19 on Glass Fiber Reinforced Concrete (GFRC) Market

    Covid-19 has impacted the market dynamics, competition, and global...

    See more...

    Impact of COVID-19 on Glass Fiber Reinforced Concrete (GFRC) Market

    Covid-19 has impacted the market dynamics, competition, and global supply chains. The revenues have gone down in 2020 and may resume an uptrend gradually from 2021. Companies optimizing their operation and strategy will sustain and beat the competition.

    Note: The summary below might not have included insights on covid impact since we have large number of reports.

    Glass Fiber Reinforced Concrete (GFRC) 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

    Growth

    10.2% for the next five years

    Major Process Type

    Spray

    Dominant Application Type

    Commercial Construction

    Region with the highest demand

    North America

    Key Players

    Ultratech Cement Ltd., Formglas Products Ltd., Willis Construction

    Co. Inc., Clark Pacific Corporation, Loveld NV, Fibrex Construction

    Group, and Betofiber A.S.

     

    Market Share 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.

    Glass-Fiber-Reinforced-Concrete-(GFRC)-Market-By-Region

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    Some of the major glass fiber reinforced concrete (GFRC) manufacturers are-

    • Ultratech Cement Ltd.
    • Formglas Products Ltd.
    • Willis Construction Co. Inc.
    • Clark Pacific Corporation
    • Loveld NV
    • Fibrex Construction Group
    • Betofiber A.S.

     

    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

    Market Segmentation

    3

    Regions Covered

    4

    Countries/Sub-Regions Covered

    17

    No. of Figures & Tables

    >150

    Company Profiles

    10

     

    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)

    Glass-Fiber-Reinforced-Concrete-(GFRC)-Market-Segmentation

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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 Features

    This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision making for the existing market players as well as those willing to enter the market. The following are the key features of the report:

    • Market structure: Overview, industry life cycle analysis, supply chain analysis
    • Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
    • Market trend and forecast analysis
    • Market segment trend and forecast
    • Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
    • Attractive market segments and associated growth opportunities
    • Emerging trends
    • Strategic growth opportunities for the existing and new players
    • Key success factors

     

    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 [email protected]


    Frequently Asked Questions (FAQs)

    What will be the growth of Glass Fiber Reinforced Concrete (GFRC) Market in the foreseeable future?

    The glass fiber reinforced concrete (GFRC) market is expected to witness an impressive growth of 10.2% CAGR in the foreseeable future.

    Who are the key players in the Glass Fiber Reinforced Concrete (GFRC) Market?

    Ultratech Cement Ltd., Formglas Products Ltd., Willis Construction Co. Inc., Clark Pacific Corporation, Loveld NV, Fibrex Construction Group, and Betofiber A.S are among the key players in the glass fiber reinforced concrete (GFRC) market.

    Which country/region is expected to be the largest Glass Fiber Reinforced Concrete (GFRC) Market?

    North America is expected to be the largest glass fiber reinforced concrete (GFRC) market during the next five years.

    Which process type is expected to remain dominant in the Glass Fiber Reinforced Concrete (GFRC) Market?

    The spray segment is expected to remain dominant process type in the glass fiber reinforced concrete (GFRC) market in the coming years.

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