Press release
GFRG (Glass Fiber Reinforced Gypsum) Market 2022 Size, Share, Trends, Growth Statistics, Key Players and Forecast 2029
Glass Fiber Reinforced Gypsum Market Overview:The term "glass fibre reinforced gypsum" (GFRG) refers to a product made by reinforcing high density alpha-based gypsum plaster with glass fibres. It is thought to be an interior alternative to GFRC. The product is essentially a reinforced gypsum product with high strength and low weight for interior projects. One of the major factors driving the growth of the glass fibre reinforced gypsum (GFRG) market is the increase in demand for high quality materials in the construction sector around the world. Increased demand for glass fibre reinforced gypsum (GFRG) due to superior properties such as flame resistance, as well as a surge in construction spending in emerging economies, drive market growth.
GFRG (Glass Fiber Reinforced Gypsum) Market was valued at USD 2.86 billion in 2020 and is projected to reach USD 5.14 billion by 2029, at a CAGR of 6.85% during the forecast period.
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Glass Fiber Reinforced Gypsum Market Key Players
The key players are now concentrating on implementing strategies such as adopting new applications, product innovations, mergers & acquisitions, joint ventures, alliances, and partnerships to improve their market position in the global Glass Fiber Reinforced Gypsum market industry.
The study of the growth of the top market player for in the target sector includes new projects with speculative returns, innovations and study of the accessibility of companies. some of the profiled players are USG Corporation, Formglas, CertainTeed, American Gypsum, Knauf Danoline, Saint-Gobain Gyproc, Georgia-Pacifi and Others
Recent Developments
Certainteed® Gypsum Products Help New Canadian Sports Complex Meet Sustainability, Performance Needs
A blend of versatile, high-performance CertainTeed® gypsum products has contributed toward a sustainable and stable interior for Winsport Canada, a sprawling 500,000 square-foot new winter sports complex in Calgary, Alberta.
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Glass Fiber Reinforced Gypsum Market Segmentation:
Glass Fiber Reinforced Gypsum Market by Type, 2020-2029, (USD Million), (Million Square Meter)
Type X
Type C
Others
Glass Fiber Reinforced Gypsum Market by Application, 2020-2029, (USD Million), (Million Square Meter)
Interior
Exterior
Glass Fiber Reinforced Gypsum Market by End User, 2020-2029, (USD Million), (Million Square Meter)
Residential
Non-Residential
Growth Factors:
Increasing demand from the Glass Fiber Reinforced Gypsum industries
The growing use of Glass Fiber Reinforced Gypsum in Chemical and Material Sectors.
Rising demand for products
Technological advancements in production processes
Growing applications in Glass Fiber Reinforced Gypsum Market
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Glass Fiber Reinforced Gypsum Market Regional Analysis
Geographically, this report is segmented into several key regions, with sales, revenue, market share and growth Rate of Fiberglass Storage Tank (Fiberglass Tank) Professional in these regions, from 2022-2029, covering
North America (United States, Canada and Mexico)
Europe (Germany, UK, France, Italy, Russia and Turkey etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
Key Glass Fiber Reinforced Gypsum Market Trends
- The report identifies, determines, and forecasts the Global Glass Fiber Reinforced Gypsum Market segments based on their type, sub-type, technology used, applications, end-users, and regions.
- Industry to Industry Holds Largest Share in the Glass Fiber Reinforced Gypsum Market
- It examines the micro-markets based on their growth trends, development patterns, future prospects, and contribution to the overall market.
- Demand from Regional / geographical is expected to drive the Growth
- Rising Adoption of Market Segments in the Glass Fiber Reinforced Gypsum Growth
- It studies the competitive developments such as partnerships and collaborations, mergers and acquisitions (M&A), research and development (R&D) activities, product developments, and expansions in the Global Glass Fiber Reinforced Gypsum Market.
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