Market Highlights
Glass fiber reinforced concrete is predicted to grow by a CAGR of ~10.3% during the forecast year. GFRC is a mixture of cement, water, fine aggregate, chemical admixture, and alkali resistant glass fiber. It is an environmentally friendly material which consumes low energy and natural raw materials. A variety of products are made from GFRC and it has been a popular choice of architects, engineers, designers, and end users owing to its appearance and cost parameters. GFRC can easily be used on architectural moldings and features, cladding & landscaping. It can also be used in constructing roofs, floors, walls, windows of buildings. GFRC panels are lightweight, easily transported, and resistant to mechanical damage that’s why it is highly used in modular buildings as well.
Key Players
The key players of global Glass Fiber Reinforced Concrete market includes Willis Construction Co., Inc. (U.S.), Fibrex Construction Group (UAE), Formglas Products Ltd. (Canada), Clark Pacific (U.S.), Ultratech Cement Ltd. (India), Betofiber A.S. (Turkey), BB Fiberbeton (Denmark), Nanjing Beilida New Material System Engineering Co., Ltd. (China), Stromberg Architectural (U.S.), Low & Bonar (U.K) and Loveld (Belgium)
Market Research Analysis:
On the basis of geography, the market of GFRC is segmented into the Americas, Europe, Asia Pacific, the Middle East, and Africa. North America is expected to be the largest market for GFRC with the presence of leading manufacturers of GFRC such as Formglas Products Ltd. (Canada), Clark Pacific (U.S.), Willis Construction Co., Inc. (U.S.) and Stromberg Architectural (U.S.). Whereas, Asia Pacific is anticipated to be the fastest growing market for GFRC in terms of value and volume. The reason for growth for this market is increasing construction activities and rising disposable income of consumers. The market for modular construction is also increasing in Asia Pacific which drives the market of GFRC due to lightweight & easily transported quality. Furthermore, the rising demand for eco-friendly and sustainable construction and government support on the same is expected to fuel the market growth. Several initiatives undertaken by the governments to promote the development of smart cities which also contribute to the growth of the GFRC market in the APAC region. People of developed countries, especially in America and Europe, are more aware about green structure and are getting increasingly inclined to adopt GFRC because of its eco-friendly properties. There is an association in U.K based on Glass Fiber Reinforced Concrete named as “The International Glassfibre Reinforced Concrete Association (GRC)” which has about 80 members across 25 different countries. It exchanges knowledge and experience regarding GFRC and promotes GFRC in all its valid applications which is also expected to be a reason for the growing market of GFRC in these regions.
Scope of the report
This study provides an overview of the global glass fiber roving market, tracking one market segment across four geographic regions. The report studies key players, providing a five-year annual trend analysis that highlights market size, volume, and share for North America, Europe, Asia Pacific (APAC) and the rest of the world (ROW). The report also provides a forecast, focusing on the market opportunities for the next five years for each region. The scope of the study segments the global glass fiber reinforced concrete market by its process, application, and region.
By Process
- Spray
- Premix
- Hybrid
By Application
- Residential
- Civil & Other
By Region
- North America
- Asia Pacific
- Europe
- Rest of the World
Zero-Energy Buildings Market https://www.marketresearchfuture.com/reports/zero-energy-buildings-market-5325
Surface Mining Market https://www.marketresearchfuture.com/reports/surface-mining-market-5494
Glass Fiber Reinforced Concrete Market https://www.marketresearchfuture.com/reports/glass-fiber-reinforced-concrete-market-6220
Digitally Printed Wallpaper Market https://www.marketresearchfuture.com/reports/digitally-printed-wallpaper-market-7250
About Market Research Future -
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research Consulting Edibles.
MRFR team has the supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end-users, and market players for global, regional, and country-level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.
In order to stay updated with the technology and work process of the industry, MRFR often plans to conduct meet with the industry experts and industrial visits for its research analyst members.
Contact:
Market Research Future®
99 Hudson Street,5Th Floor
New York, New York 10013
United States of America
Phone: +1 628 258 0071(US) +44 2035 002 764(UK)
Email: sales@marketresearchfuture.com
Website: https://www.marketresearchfuture.com