Glass Fiber-Reinforced Gypsum (GFRG) Market Insights
The glass fiber-reinforced gypsum market is expected to garner at an impressive CAGR of 6.5% during the forecast period. Growing construction activities and excellent performance of GFRG, such as marvelous aesthetic, sound absorption, fire resistance, and moisture resistance, are driving the GFRG market.
Glass Fiber-Reinforced Gypsum (GFRG) Market Share Analysis
Glass Fiber-Reinforced Gypsum (GFRG) Market Share by Type
Based on the type, the market is segmented into Type X, Type C, and others. Type X segment is expected to remain the largest as well as fastest-growing segment of the market during the forecast period. Type X is the most widely used material as it is easily available and cost-effective, and can tolerate high-temperature resistance.
Glass Fiber-Reinforced Gypsum (GFRG) Market Share by Application Type
Based on the application type, the GFRG market is further segmented into interior and exterior. The interior segment dominates the market and is also likely to grow at a higher rate in the coming five years. GFRG proves to be cost-effective and is easily available, which, in turn, drives its higher usage in loadbearing walls, partition walls, and other interior applications in both, residential and non-residential construction.
Glass Fiber-Reinforced Gypsum (GFRG) Market Share by End-Use Industry Type
Based on the end-user type, the market is bifurcated into non-residential construction and residential construction. Non-residential construction segment held the largest share of the market in 2018 and is expected to remain the dominant segment during the forecast period, owing to its wide usage in hospitals, offices, airports, gymnasiums, auditoriums, movie theatres, and museums.
Regional Insights
Europe leads the demand for the glass fiber-reinforced gypsum market, owing to the recovery of non-residential sector coupled with the presence of major GFRG suppliers in the region, such as Knauf Danoline A/S and Gillespie. Asia-Pacific is set to witness the highest growth in the coming five years, driven by an excellent growth in construction activities, especially in China and India
Key Players
Some of the key glass fiber-reinforced gypsum manufacturers are CertainTeed, and Saint Gobain Gyproc, Continental Building Products, USG Corporation, Knauf Danoline A/S, Georgia-Pacific LLC, National Gypsum Company, Yingchuang Building Technique Co. Ltd., American Gypsum Co. LLC, Formglas Products Ltd., Gillespie, Shanghai Chuncui Decoration Material Co., Ltd., Stromberg Architectural Products, Rapidwall, Plasterceil Industries Pte Ltd., Chiyoda UTE Co., Ltd., Owens Corning, Horizons Industrial Development Co. L.L.C., Intexforms, Inc., Fibrex, and GC Products Inc.
Research Methodology
For calculating the market size, our analysts follow either Top-Bottom or Bottom-Top approach or both, depending upon the complexity or availability of the data points. Our reports offer high-quality insights and are 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. We leverage multitude of authenticated secondary sources, such as company annual reports, government sources, trade associations, journals, investor presentation, white papers, and articles to gather the data. More than 10 detailed primary interviews with the market players across the value chain in all four regions and industry experts are usually executed to obtain both qualitative and quantitative insights.
Market Scope & Segmentation
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Research Scope
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Trend & Forecast Period
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2013-2024
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Regions Covered
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North America, Europe, Asia-Pacific, Rest of the World
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Forecast
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6.5% CAGR during 2019-2024
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Countries/Subregions Covered
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The USA, Canada, Mexico, Germany, France, the UK, Russia, China, Japan, India, Latin America, the Middle East and Others
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Figures & Tables
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>150
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Customization
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Up to 10% customization available free of cost
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The market is segmented in the following ways:
Glass Fiber-Reinforced Gypsum Market Size, Share & Forecast by Type:
- Type X (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- Type C (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- Others (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
Glass Fiber-Reinforced Gypsum Market Size, Share & Forecast by Application Type:
- Interior
- (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- (Sub-Application analysis: Wall, Ceiling & Floor, and Column)
- Exterior
- (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- (Sub-Application analysis: Wall and Cladding)
Glass Fiber-Reinforced Gypsum Market Size, Share & Forecast by End-Use Industry Type:
- Non-Residential Construction
- (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- (Type Analysis: Institutions, Hospitals, Offices, Airports, and Others)
- Residential Construction
- (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
Glass Fiber-Reinforced Gypsum Market Size, Share & Forecast by Region:
- North America (Country Analysis: the USA, Canada, and Mexico)
- Europe (Country Analysis: Germany, France, the UK, Russia, and Rest of Europe)
- Asia-Pacific (Country Analysis: China, Japan, India, and Rest of Asia-Pacific)
- Rest of the World (Sub-Region Analysis: Latin America, the Middle East, and Others)
Report Features
This report, from Stratview Research, studies the glass fiber reinforced gypsum (GFRG) market over the trend period from 2013 to 2018 and forecast period from 2019 to 2024. 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.
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 end-user 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].
