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Glass Fiber Reinforced Gypsum Market Report
Glass Fiber-Reinforced Gypsum (GFRG) Market Size, Share, Trend, Forecast, & Competitive Analysis: 2022-2028
The glass fiber-reinforced gypsum market is expected to grow from USD 2.28 billion in 2021 to USD 3.68 billion by 2028 at a CAGR of 7% during the forecast period of 2022-2028.
Glass Fiber Reinforced Gypsum (GRG) is a composite consisting of alpha gypsum cement and water, reinforced with glass fibers. Glass fiber reinforced gypsum is used in a range of architectural applications such as ceilings, column covers, decorative wall panels, domes, bulkheads, light coves, and more.
Growing construction activities and excellent performance of GFRG, such as marvelous aesthetic, sound absorption, fire resistance, and moisture resistance, are driving the GFRG market.
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.
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.
Based on the end-use type, the market is bifurcated into non-residential construction and residential construction. Non-residential construction segment held the largest share of the market in 2021 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.
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.
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Research Scope |
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|---|---|
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Forecast Period |
2022-2028 |
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Regions Covered |
North America, Europe, Asia-Pacific, Rest of the World |
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Forecast |
7% CAGR during 2022-2028 |
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Countries/Subregions Covered |
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 |
>150 |
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Customization |
Up to 10% customization available free of cost |
The market is segmented in the following ways:
Some of the key glass fiber-reinforced gypsum manufacturers are-
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.
This report, from Stratview Research, studies the glass fiber reinforced gypsum (GFRG) market over the trend period from 2016 to 2021 and forecast period from 2022 to 2028. 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:
With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:
Company Profiling
Market Segmentation
Competitive Benchmarking
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.
The glass fiber-reinforced gypsum market is expected to witness an impressive growth of 7% CAGR during the forecast period of 2022 to 2028.
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. are among the key players in the market.
the glass fiber reinforced gypsum market size was estimated USD 2.28 billion in 2021.
Type X segment is expected to remain the largest segment in the market in the coming years.
The interior segment is expected to grow at the higher rate in the glass fiber reinforced gypsum market in the coming years.
Asia-Pacific is expected to witness the highest growth during 2022-28, driven by an excellent growth in construction activities, especially in China and India.
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