Glass Fiber Reinforced Gypsum Market Growing at USD 3.58 billion by 2025- Industry Manufacturers, Growth, Types, Applications, Drivers, Opportunities, Challenges

Global Glass Fiber Reinforced Gypsum Market is expected to reach USD 3.58 billion by 2025, from USD 2.30 billion in 2017 growing at a CAGR of 5.5% during the forecast period of 2018 to 2025. The upcoming market report contains data for historic years 2015 & 2016, the base year of calculation is 2017 and the forecast period is 2018 to 2025.

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Market Segmentation:

The global glass fiber reinforced gypsum market is segmented based on, type, application, end-user and geographical segments.

Based on type, the market is segmented into type x, type c, and others
Based on Application, the market is segmented into interior, exterior and others. The interior is sub segmented into wall, ceiling & floor, column & light cover and the exterior segment is sub segmented into Wall and Cladding
Based on End User, the market is segmented into non-residential, residential and others. The non-residential is further segmented into institutions, hospitals, offices, airports, others

Based on geography, the market report covers data points for 28 countries across multiple geographies namely North America & South America, Europe, Asia-Pacific and, Middle East & Africa. Some of the major countries covered in this report are U.S., Canada, Germany, France, U.K., Netherlands, Switzerland, Turkey, Russia, China, India, South Korea, Japan, Australia, Singapore, Saudi Arabia, South Africa and, Brazil among others.

Competitive Analysis

The global glass fiber reinforced gypsum market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of glass fiber reinforced gypsum market for global, Europe, North America, Asia Pacific and South America.

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Market Definition:

Glass fiber reinforced gypsum (GFRG) Panel is majorly branded as rapidwall, it is a building panel product that is made of calcined gypsum, plaster which is then reinforced with glass fibers, for Mass-scale building construction. GFRG is generally used for rapid techniques for timely delivery of construction projects by adopting fast methodologies and alternate building materials that are necessary in various regions around the globe, to make the construction affordable and also sustainable. The construction technique done, by making use of glass fibre reinforced gypsum (GFRG) panels (with reinforced concrete infilled cavities) to build homes promises a altered solution for quick and affordable mass housing in different regions.

GFRG building system is a rapid building technology that is composed of prefabricated wall panel load bearing system. GFRG is also an eco-friendly building material and it is manufactured from either natural or industrial gypsum. According to an article pubished by International Journal of Advances in Mechanical and Civil Engineering, In India, the GFRG panels have been manufactured from the fertilizer by-product waste. These has been done as an outcome of the research done at IIT Madras on the feasibility of using these panels for affordable mass housing in India, a two-storeyed GFRG building of 184 square meter area was built at IIT Madras campus, as a demonstration of the suitability of this technology.

Major Market Competitors/Players

Some of the major players operating in the market are Continental, Georgia-Pacific, National Gypsum, Formglas Products Ltd, CERTAINTEED, FRBL, Knauf Danoline A/S, USG Corporation, ingchuang Building Technique（Shanghai）Co.Ltd., Horizons Industrial Development Co. L.L.C, CHIYODA UTE CO.,LTD, Saint - Gobain Gyproc India Ltd, Rapidwall, Stromberg Architectural, Metro-Goldwyn-Mayer Studios Inc, IntexForms, Inc among others

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