Press release
Glass Fiber Reinforced Gypsum Market to Grow Substantially at 6.85% CAGR, USD 5.14 billion by 2029 by 2029 | Exactitude Consultancy
The global Glass Fiber Reinforced Gypsum Market is expected to grow at 6.85% CAGR from 2023 to 2029. It is expected to reach above USD 5.14 billion by 2029 from USD 2.86 billion in 2022.The Latest Report Research Exactitude Consultancy published a report titled Glass Fiber Reinforced Gypsum Market which offers a detailed description of the market trends, growth drivers, opportunities, and the challenges associated with the growth of the market in the forthcoming years. The report gives an actionable market insight to the clients/vendors with which sustainable and profitable business strategies can be created. This Report Glass Fiber Reinforced Gypsum Market by researchers gives an insight into the trending modern situation and the future growth of the industry for the length of 2023-2029. This analysis can help you expand your business by targeting qualified niche markets.
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Market Trends
The non-residential end user segment of the GFRG market is projected to grow at the highest rate during the forecast period, in terms of value and volume.
GFRG manufacturers are increasingly focusing on the development of GFRG for non-residential buildings, such as offices, institutes, hospitals, gymnasiums, cinema theaters, retail stores, auditoriums, and museums. The increasing demand for high fatigue resistance and good temperature resistance building materials from the non-residential construction sector is projected to drive the non-residential end user segment of the market.
Growing urbanization and industrialization in developing economies has led to the increased demand and market growth.
The Glass fiber reinforced gypsum market has witnessed high adoption of glass fiber reinforced gypsum panels filled with reinforced concrete to cater to rising housing needs in Asia, especially India. Requirement for rapid techniques for timely delivery of the construction projects and demand for alternative cost-effective and sustainable construction materials is expected to further drive the product demand. Rise of GFRG building system, which is a rapid building technology preferred for construction of wall panels to cater to increasing demand for construction of affordable mass housing is projected to have a positive impact on the market growth.
Increased awareness regarding features and aesthetic view of the buildings has also bolstered the market growth.
Competitive Assessment:
The main research methodology applied here by the research team is data triangulation, which includes data mining, analysis of the impact of data variables on the market, and primary (industry experts) validation. This report helps to gather information about all the above factors by providing actionable market insights and comprehensive analysis. The Glass Fiber Reinforced Gypsum market report mainly focuses on important aspects of the market which include historical data, current market trends, environment, technological innovations, upcoming technologies, and technological advancement in the industry among others.
Leading market players in the Glass Fiber Reinforced Gypsum market is focusing on strategies such as expansion, new product launches, and acquisitions to gain large market share and enhance their global presence in the target market. Some Key Competitors of the Glass Fiber Reinforced Gypsum market is USG Corporation, Formglas, CertainTeed, American Gypsum, Knauf Danoline, Saint-Gobain Gyproc, Georgia-Pacifi and others.
Saint-Gobain announced that Continental Building Products had obtained shareholder approval to be acquired by Saint-Gobain. The waiting period under the Hart-Scott-Rodino law expired, thereby meeting the regulatory approval requirements of the merger agreement. The group planned to conclude the agreement on February 3, 2020. As announced in November 2019, when the agreement was announced, Saint-Gobain will acquire all of the outstanding shares of Continental Building Products for USD 37 per share, in cash, in a transaction valued at approximately USD 1.4 billion.
Glass Fiber Reinforced Gypsum Market Segmentation:
Glass Fiber Reinforced Gypsum Market by Type, 2023-2029, (USD Million), (Million Square Meter)
Type X
Type C
Others
Glass Fiber Reinforced Gypsum Market by Application, 2023-2029, (USD Million), (Million Square Meter)
Interior
Exterior
Glass Fiber Reinforced Gypsum Market by End User, 2023-2029, (USD Million), (Million Square Meter)
Residential
Non-Residential
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Regional Framework
The Glass Fiber Reinforced Gypsum Market report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the market based on various segments. It also provides market size and forecast estimates from the years 2023-2029 with respect to five major regions. The market by each region is later sub-segmented by respective countries and segments. The Glass Fiber Reinforced Gypsum market report covers the analysis and forecast globally along with the current trend and opportunities prevailing in the region.
⇨ North America (United States, Canada, and Mexico)
⇨ Europe (Germany, France, UK, Russia, and Italy)
⇨ Asia-Pacific (China, Japan, Korea, India, and Southeast Asia)
⇨ South America (Brazil, Argentina, Colombia, etc.)
⇨ The Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, and South Africa)
This Report Also Includes:
» Stratagem Market Insights methodology
» Tactics and suggestions for new entrants
» Segmentation analysis
» Economic indices
» Companies' strategic developments
» Glass Fiber Reinforced Gypsum Market growth drivers and restraints
» Selected illustrations of the market penetrations and trends
Crucial insights in Glass Fiber Reinforced Gypsum research report:
Underlying macro- and microeconomic factors impacting the Sales of Glass Fiber Reinforced Gypsum.
Basic overview of the Glass Fiber Reinforced Gypsum, including market definition, classification, and applications.
Scrutinization of each market player based on mergers & acquisitions, R&D projects, and product launches.
Adoption trend and supply side analysis of Smart PPE across various industries.
Important regions and countries offering lucrative opportunities to market stakeholders.
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The Study Objectives are:
✔ An in-depth look at the key players in the Glass Fiber Reinforced Gypsum market, as well as the data that goes with them.
✔ It includes a product portfolio, annual revenue, research and development spending, geographic presence, recent key developments, and growth strategies.
✔ Regional analysis, which includes information on the dominant Glass Fiber Reinforced Gypsum market and its share of the market.
✔ It also includes various socioeconomic factors that influence the market's evolution in the region.
✔ The report provides a detailed look at various members of the value chain, including raw material suppliers, distributors, and stockholders.
Key questions answered in the report:
✦ What is the Glass Fiber Reinforced Gypsum market's growth potential?
✦ Which product category will be the most profitable?
✦ In the coming years, which regional market will emerge as a leader?
✦ Which application segment will continue to expand at a steady rate?
✦ What are the potential growth opportunities in the Glass Fiber Reinforced Gypsum Market in the coming years?
✦ What are the most significant challenges that the global Glass Fiber Reinforced Gypsum Markets may face in the future?
✦ What are the top companies in the global Glass Fiber Reinforced Gypsum market?
✦ What are the main trends that are positively impacting the market's growth?
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