Glass Fiber Reinforced Concrete Market Research Report – Forecast to 2027

Global Glass Fiber Reinforced Concrete Market Research Report: by Process (Spray, Premix, and Hybrid), By Application (Commercial, Residential, Civil Construction & Others) and by Region (the Americas, Asia Pacific, Europe, Middle East and Africa) — Global Forecast till 2027

ID: MRFR/CO/4759-HCR | February 2021 | Region: Global | 89 pages

Please note that the assessment period of report has been updated from 2017-2023 to 2020-2027. Cordially fill Sample form for updated data.

Market Synopsis of Glass Fiber Reinforced Concrete (GFRC) Market


Global Glass Fiber Reinforced Concrete (GFRC) is a type of fiber reinforced concrete which consists of a mixture of cement, sand, water, alkali-resistant glass fiber, and concrete. It is mainly used in construction industry for exterior facade panels, piping, decorative non-recoverable formwork and as architectural precast concrete.  GFRC is a composite material which is more preferred for external infrastructure due to several advantages such as fire resistance, lightweight, high mechanical strength, aesthetic properties and superior crack resistance.


In 2017, the market of Glass Fiber Reinforced Concrete was valued at approximately USD 1.83 billion and expected to reach USD 3.35 billion during the forecast year at a CAGR of ~10.3%. The increasing awareness about eco-friendly building and construction has also contributed to the market of GFRC. The market for GFRC is constantly growing with the increasing adoption of green buildings. Green buildings are built by using environmentally viable and responsible processes. People, especially in the U.S. and Europe, are awareness about green structure since many building certification programs like Leadership in Energy and Environmental Design (LEED) have been developed which contributes to the market growth of glass fiber reinforced concrete. The flexibility of design has also accelerated the adoption and, in turn, the market for glass fiber reinforced concrete. Due to changing lifestyles, consumers are inclined toward new design & architecture and want to adopt an attractive infrastructure for their personal and professional use which has further surged the popularity of such structures. Moreover, because of global warming and other environmental issues, the climatic conditions keep on changing. Therefore, the need for safe and moisture resistant buildings has increased considerably. Increasing demand for weather and fire resistant infrastructure has also opened the door for GFRC market. However, the low ductility of GFRC in comparison with steel reinforced concrete (SRC) acts as restraint to the widespread adoption of glass fiber reinforced concrete.


Segmentation of Glass Fiber Reinforced Concrete (GFRC) Market


 Glass Fiber Reinforced Concrete (GFRC) Market Source: MRFR Analysis


On the basis of process, the market of GFRC has been segmented into spray, premix, and hybrid. The spray process segment is expected to be the largest market segment because of its ultimate performance and flexibility. A large number of end users prefers spray process because of its better performance and usage in different applications in the construction sector. It is a modern method of producing GFRC and can be used as a replacement for traditional hand sprayed production methods. During the mixing process, the fiber is added to the matrix and is pumped to a spray gun. Sprayed GFRC offers superior ductility which enables constructors to use panels of different sizes freely.


The GFRC market has been segmented on the basis of application as commercial construction, residential construction, and civil & other infrastructure construction. The commercial construction application is anticipated to lead the market of GFRC during forecast year in terms of volume as well as value. GFRC provides many benefits like moisture absorption, fire resistance, weather resistance, crack resistant, and durability which contribute to the growth of the construction industry and aids to increase the demand for GFRC.


Regional Analysis of Global Glass Fiber Reinforced Concrete (GFRC) Market


On the basis of geography, the market of glass fiber reinforced concrete (GFRC) is segmented into the Americas, Europe, Asia Pacific and the Middle East & Africa. North America is anticipated to be the largest market of glass fiber reinforced concrete in the coming years because of the increasing residential and commercial construction in America. The reason for the growth of glass fiber reinforced concrete market is the rising environmental concerns. Canada is contributing to the growth of the North American GFRC market substantially. The demand for remodeling of houses in Mexico also drives the market for glass fiber reinforced concrete (GFRC). Whereas, Asia Pacific is estimated to grow in the coming future because of rising disposable income of people and expanding construction industry. The market for glass fiber reinforced concrete is showing considerable growth in India because of the government initiatives associated with smart cities.


Key Players


The major key players are 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).


The report for Global Glass Fiber Reinforced Concrete (GFRC) Market of Market Research Future comprises of extensive primary research along with the detailed analysis of qualitative as well as quantitative aspects by various industry experts, key opinion leaders to gain the deeper insight of the market and industry performance. The report gives a clear picture of the current market scenario which includes historical and projected market size in terms of value and volume, technological advancement, macroeconomic and other governing factors in the market. The report provides detailed information and strategies of the top key players in the industry. The report also gives a broad study of the different market segments and regions.



Frequently Asked Questions (FAQ) :


global glass fiber reinforced concrete market projected to grow at approximately 10.3% CAGR during the assessment period (2017-2023).

The valuation of the global glass fiber reinforced concrete market is estimated to increase to USD 3.35 BN by the end of 2023.

Increase in the number of construction projects and rising preference for GFRC to provide weather and fire resistance to building structures are major tailwinds pushing the growth of the global glass fiber reinforced concrete market.

North America holds the largest share in the global orphan diseases market, followed by Europe and the Asia Pacific, respectively.

Fibrex Construction Group (UAE), Loveld (Belgium), Willis Construction Co., Inc. (U.S.), Formglas Products Ltd. (Canada), Low & Bonar (U.K), Ultratech Cement Ltd. (India), Clark Pacific (U.S.), Nanjing Beilida New Material Stromberg Architectural (U.S.), System Engineering Co., Ltd. (China), Betofiber A.S. (Turkey), and BB Fiberbeton (Denmark), are some of the top players operating in the global glass fiber reinforced concrete market.

TABLE OF CONTENT

1 Executive Summary

2 Scope of the Report

2.1 Market Definition

2.2 Scope of the Study

2.2.1 Definition

2.2.2 Research Objective

2.2.3 Assumptions

2.2.4 Limitations

2.3 Research Process

2.3.1 Primary Research

2.3.2 Secondary Research

2.4 Market Size Estimation

2.5 Forecast Model


3 Market Landscape

3.1 Porter’s Five Forces Analysis

3.1.1 Threat of New Entrants

3.1.2 Bargaining power of buyers

3.1.3 Bargaining power of Suppliers

3.1.4 Threat of substitutes

3.1.5 Segment rivalry

3.2 Value Chain/Supply Chain Analysis


4 Market Dynamics

4.1 Introduction

4.2 Market Drivers

4.3 Market Restraints

4.4 Market Opportunities

4.5 Market Trends


5 Glass Fiber Reinforced Concrete (GFRC) Market, By Process

5.1 Introduction

5.2 Spray

5.2.1 Market Estimates & Forecast, 2020–2027

5.2.2 Market Estimates & Forecast by Region, 2020–2027

5.3 Premix

5.3.1 Market Estimates & Forecast, 2020–2027

5.3.2 Market Estimates & Forecast by Region, 2020–2027

5.4 Hybrid

5.4.1 Market Estimates & Forecast, 2020–2027

5.4.2 Market Estimates & Forecast by Region, 2020–2027

6 Glass Fiber Reinforced Concrete (GFRC) Market, By Application

6.1 Introduction

6.2 Commercial construction

6.2.1 Market Estimates & Forecast, 2020–2027

6.2.2 Market Estimates & Forecast by Region, 2020–2027

6.3 Residential Construction

6.3.1 Market Estimates & Forecast, 2020–2027

6.3.2 Market Estimates & Forecast by Region, 2020–2027

6.4 Civil & Other Infrastructure Construction

6.4.1 Market Estimates & Forecast, 2020–2027

6.4.2 Market Estimates & Forecast by Region, 2020–2027

7 Glass Fiber Reinforced Concrete (GFRC) Market, By Region

7.1 Introduction

7.2 North America

7.2.1 Market Estimates & Forecast, 2020–2027

7.2.2 Market Estimates & Forecast by Process, 2020–2027

7.2.3 Market Estimates & Forecast by Application, 2020–2027

7.2.4 U.S.

7.2.4.1 Market Estimates & Forecast, 2020–2027

7.2.4.2 Market Estimates & Forecast by Process, 2020–2027

7.2.4.3 Market Estimates & Forecast by Application, 2020–2027

7.2.5 Canada

7.2.5.1 Market Estimates & Forecast, 2020–2027

7.2.5.2 Market Estimates & Forecast by Process, 2020–2027

7.2.5.3 Market Estimates & Forecast by Application, 2020–2027

7.3 Europe

7.3.1 Market Estimates & Forecast, 2020–2027

7.3.2 Market Estimates & Forecast by Process, 2020–2027

7.3.3 Market Estimates & Forecast by Application, 2020–2027

7.3.4 U.K

7.3.4.1 Market Estimates & Forecast, 2020–2027

7.3.4.2 Market Estimates & Forecast by Process, 2020–2027

7.3.4.3 Market Estimates & Forecast by Application, 2020–2027

7.3.5 Germany

7.3.5.1 Market Estimates & Forecast, 2020–2027

7.3.5.2 Market Estimates & Forecast by Process, 2020–2027

7.3.5.3 Market Estimates & Forecast by Application, 2020–2027

7.3.6 France

7.3.6.1 Market Estimates & Forecast, 2020–2027

7.3.6.2 Market Estimates & Forecast by Process, 2020–2027

7.3.6.3 Market Estimates & Forecast by Application, 2020–2027

7.3.7 Italy

7.3.7.1 Market Estimates & Forecast, 2020–2027

7.3.7.2 Market Estimates & Forecast by Process, 2020–2027

7.3.7.3 Market Estimates & Forecast by Application, 2020–2027

7.3.8 Rest of Europe

7.3.8.1 Market Estimates & Forecast, 2020–2027

7.3.8.2 Market Estimates & Forecast by Process, 2020–2027

7.3.8.3 Market Estimates & Forecast by Application, 2020–2027

7.4 Asia Pacific

7.4.1 Market Estimates & Forecast, 2020–2027

7.4.2 Market Estimates & Forecast by Process, 2020–2027

7.4.3 Market Estimates & Forecast by Application, 2020–2027

7.4.4 China

7.4.4.1 Market Estimates & Forecast, 2020–2027

7.4.4.2 Market Estimates & Forecast by Process, 2020–2027

7.4.4.3 Market Estimates & Forecast by Application, 2020–2027

7.4.5 Japan

7.4.5.1 Market Estimates & Forecast, 2020–2027

7.4.5.2 Market Estimates & Forecast by Process, 2020–2027

7.4.5.3 Market Estimates & Forecast by Application, 2020–2027

7.4.6 India

7.4.6.1 Market Estimates & Forecast, 2020–2027

7.4.6.2 Market Estimates & Forecast by Process, 2020–2027

7.4.6.3 Market Estimates & Forecast by Application, 2020–2027

7.4.7 Rest of Asia Pacific

7.4.7.1 Market Estimates & Forecast, 2020–2027

7.4.7.2 Market Estimates & Forecast by Process, 2020–2027

7.4.7.3 Market Estimates & Forecast by Application, 2020–2027

7.5 Rest of the World

7.5.1 Market Estimates & Forecast, 2020–2027

7.5.2 Market Estimates & Forecast by Process, 2020–2027

7.5.3 Market Estimates & Forecast by Application, 2020–2027


8 Competitive Landscape

9 Company Profile

9.1 Willis Construction Co., Inc. (US)

9.1.1 Company Overview

9.1.2 Products/Services Offering

9.1.3 Financial Overview

9.1.4 Key Developments

9.1.5 Strategy

9.1.6 SWOT Analysis

9.2 Willis Construction Co., Inc. (US)

9.2.1 Company Overview

9.2.2 Products/Services Offering

9.2.3 Financial Overview

9.2.4 Key Developments

9.2.5 Strategy

9.2.6 SWOT Analysis

9.3 Fibrex Construction Group (UAE)

9.3.1 Company Overview

9.3.2 Products /Services Offering

9.3.3 Financial Overview

9.3.4 Key Developments

9.3.5 Strategy

9.3.6 SWOT Analysis

9.4 Formglas Products Ltd. (Canada)

9.4.1 Company Overview

9.4.2 Products /Services Offering

9.4.3 Financial Overview

9.4.4 Key Developments

9.4.5 Strategy

9.4.6 SWOT Analysis

9.5 Clark Pacific (US)

9.5.1 Company Overview

9.5.2 Products /Services Offering

9.5.3 Financial Overview

9.5.4 Key Developments

9.5.5 Strategy

9.5.6 SWOT Analysis

9.6 Ultratech Cement Ltd. (India)

9.6.1 Company Overview

9.6.2 Products /Services Offering

9.6.3 Financial Overview

9.6.4 Key Developments

9.6.5 Strategy

9.6.6 SWOT Analysis

9.7 Betofiber A.S. (Turkey)

9.7.1 Company Overview

9.7.2 Products /Services Offering

9.7.3 Financial Overview

9.7.4 Key Developments

9.7.5 Strategy

9.7.6 SWOT Analysis

9.8 BB Fiberbeton (Denmark)

9.8.1 Company Overview

9.8.2 Products/Services Offering

9.8.3 Financial Overview

9.8.4 Key Developments

9.8.5 Strategy

9.8.6 SWOT Analysis

9.9 Nanjing Beilida New Material System Engineering Co., Ltd. (China)

9.9.1 Company Overview

9.9.2 Products /Services Offering

9.9.3 Financial Overview

9.9.4 Key Developments

9.9.5 Strategy

9.9.6 SWOT Analysis

9.10 Stromberg Architectural (US)

9.10.1 Company Overview

9.10.2 Products /Services Offering

9.10.3 Financial Overview

9.10.4 Key Developments

9.10.5 Strategy

9.10.6 SWOT Analysis

9.11 Low & Bonar (U.K.)

9.11.1 Company Overview

9.11.2 Products /Services Offering

9.11.3 Financial Overview

9.11.4 Key Developments

9.11.5 Strategy

9.11.6 SWOT Analysis

9.12 Loveld (Belgium)

9.12.1 Company Overview

9.12.2 Products /Services Offering

9.12.3 Financial Overview

9.12.4 Key Developments

9.12.5 Strategy

9.12.6 SWOT Analysis



Table of Content

Table 1 Global Glass Fiber Reinforced Concrete (GFRC) Market, by Region, 2020–2027

Table 2 North America Glass Fiber Reinforced Concrete (GFRC) Market, by Country, 2020–2027

Table 3 Europe Glass Fiber Reinforced Concrete (GFRC) Market, by Country, 2020–2027

Table 4 Asia-Pacific Glass Fiber Reinforced Concrete (GFRC) Market, by Country, 2020–2027

Table 5 RoW Glass Fiber Reinforced Concrete (GFRC) Market, by Country, 2020–2027

Table 6 Global Glass Fiber Reinforced Concrete Market, by Process, by Regions, 2020–2027

Table 7 North America Glass Fiber Reinforced Concrete Market, by Process, by Country, 2020–2027

Table 8 Europe Glass Fiber Reinforced Concrete Market, by Process, by Country, 2020–2027

Table 9 Asia-Pacific Glass Fiber Reinforced Concrete (GFRC) Market, by Process, by Country, 2020–2027

Table 10 RoW Glass Fiber Reinforced Concrete (GFRC) Market, by Process, by Country, 2020–2027

Table 11 Global Glass Fiber Reinforced Concrete (GFRC) Market, by Application, by Regions, 2020–2027

Table 12 North America Glass Fiber Reinforced Concrete (GFRC) Market, by Application, by Country, 2020–2027

Table 13 Europe Glass Fiber Reinforced Concrete (GFRC) Market, by Application, by Country, 2020–2027

Table 14 Asia Pacific Glass Fiber Reinforced Concrete (GFRC) Market, by Application, by Country, 2020–2027

Table 15 RoW Glass Fiber Reinforced Concrete (GFRC) Market, by Application, by Country, 2020–2027

Table 16 Global Process Market: by Region, 2020–2027

Table 17 Global application Market: by Region, 2020–2027

Table 18 North America Glass Fiber Reinforced Concrete (GFRC) Market, by Country

Table 19 North America Glass Fiber Reinforced Concrete (GFRC) Market, by Process

Table 20 North America Glass Fiber Reinforced Concrete (GFRC) Market, by Application

Table 21 Europe: Glass Fiber Reinforced Concrete (GFRC) Market, by Country

Table 22 Europe: Glass Fiber Reinforced Concrete (GFRC) Market, by Process

Table 23 Europe: Glass Fiber Reinforced Concrete (GFRC) Market, by Application

Table 24 Asia-Pacific: Glass Fiber Reinforced Concrete (GFRC) Market, by Country

Table 25 Asia-Pacific: Glass Fiber Reinforced Concrete (GFRC) Market, by Process

Table 26 Asia-Pacific: Glass Fiber Reinforced Concrete (GFRC) Market, by Application

Table 27 RoW: Glass Fiber Reinforced Concrete (GFRC) Market, by Region

Table 28 RoW Glass Fiber Reinforced Concrete (GFRC) Market, by Process

Table 29 RoW Glass Fiber Reinforced Concrete (GFRC) Market, by Application



List of Figures

FIGURE 1 RESEARCH PROCESS OF MRFR

FIGURE 2 TOP DOWN & BOTTOM-UP APPROACH

FIGURE 3 Market Dynamics

FIGURE 4 impact analysis: market drivers

FIGURE 5 impact analysis: market restraints

FIGURE 6 Porter's five forces analysis

FIGURE 7 Value chain analysis

FIGURE 8 Global Glass Fiber Reinforced Concrete (GFRC) Market Share, BY Raw Process, 2020 (%)

FIGURE 9 Global Glass Fiber Reinforced Concrete (GFRC) Market BY Process, 2020–2027 (USD million)

FIGURE 10 Global Glass Fiber Reinforced Concrete (GFRC) Market Share, BY Application, 2020 (%)

FIGURE 11 Global Glass Fiber Reinforced Concrete (GFRC) Market BY Application, 2020–2027(USD million)

FIGURE 12 Global Glass Fiber Reinforced Concrete (GFRC) Market Share (%), BY Region, 2020

FIGURE 13 Global Glass Fiber Reinforced Concrete (GFRC) Market BY Region, 2020–2027(USD million)

FIGURE 14 North America Glass Fiber Reinforced Concrete (GFRC) Market Share (%), 2020

FIGURE 15 North America Glass Fiber Reinforced Concrete (GFRC) Market BY Country, 2020–2027(USD million)

FIGURE 16 Europe Glass Fiber Reinforced Concrete (GFRC) Market Share (%), 2020

FIGURE 17 Europe Glass Fiber Reinforced Concrete (GFRC) Market BY Country, 2020–2027(USD million)

FIGURE 18 Asia-Pacific Glass Fiber Reinforced Concrete (GFRC) Market Share (%), 2020

FIGURE 19 Asia-Pacific Glass Fiber Reinforced Concrete (GFRC) Market BY Country, 2020–2027(USD million)

FIGURE 20 Rest of the World Glass Fiber Reinforced Concrete (GFRC) Market Share (%), 2020

FIGURE 21 Rest of the World Glass Fiber Reinforced Concrete (GFRC) Market BY Country, 2020–2027 (USD million)