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    Glass Fiber Reinforced Gypsum Market Report

    Glass Fiber Reinforced Gypsum Market Report
    Report code - SRAM188 Delivery - 2 Weeks
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    Glass Fiber-Reinforced Gypsum (GFRG) Market Size, Share, Trend, Forecast, & Competitiv See more...

    Market Insights

    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-Market-Size

    What is glass fiber reinforced gypsum?

    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.

    Market Driver

    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-Market-Snapshot

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    Segments' Analysis

    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.

    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.

    By End-Use Type

    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.

    By Region

    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.

     

    Segmentation

    Research Scope

    Forecast Period

    2022-2028

    Regions Covered

    North America, Europe, Asia-Pacific, Rest of the World

    Forecast

    7% CAGR during 2022-2028

    Countries/Subregions Covered

    The USA, Canada, Mexico, Germany, France, the UK, Russia, China, Japan, India, Latin America, the Middle East and Others

    Figures & Tables

    >150

    Customization

    Up to 10% customization available free of cost

     

    The market is segmented in the following ways:

    By Type:

    • Type X
    • Type C
    • Others

    By Application Type:

    • Interior
      • (Sub-Application analysis: Wall, Ceiling & Floor, and Column)
    • Exterior
      • (Sub-Application analysis: Wall and Cladding)

    By End-Use Industry Type:

    • Non-Residential Construction
      • (Type Analysis: Institutions, Hospitals, Offices, Airports, and Others)
    • Residential Construction

    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)

    Key Players

    Some of the key glass fiber-reinforced gypsum manufacturers are-

    • CertainTeed
    • 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
    • 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.

    Report Features

    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:

    • 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 sales@stratviewresearch.com.

    Frequently Asked Questions (FAQs)

    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.