Press release
Glass Fiber Reinforced Concrete Market Projected to Reach US$ 10.22 Bn by 2029, Fueled by Rising Demand and Innovative Applications
16-01-2024: Market Values:The Glass Fiber Reinforced Concrete Market, valued at US$ 4.68 Bn in 2022, is anticipated to witness significant growth, reaching US$ 10.22 Bn by 2029, reflecting a robust CAGR of 11.8% during the forecast period.
Report Scope:
The comprehensive analysis encompasses the evaluation of market leaders, followers, and disrupters, considering the revenue impact of the COVID-19 pandemic. The report focuses on the definition, market drivers, restraints, and regional insights for in-depth market research.
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Research Methodology:
A thorough examination was conducted utilizing a combination of industry expertise, primary and secondary research methods, including market leaders' and followers' performance analysis during the pandemic. The study aimed to provide a clear understanding of the Glass Fiber Reinforced Concrete Market dynamics.
Glass Fiber Reinforced Concrete Market Segmentation
by Process
Spray
Premix
Hybrid
The markets for glass fibre reinforced concrete have been divided into Latin America, North America, Europe, Asia Pacific, and the Middle East and Africa. With a compound annual growth rate (CAGR) of x, North America's market share, which was a significant in 2022, is predicted to reach Mn by the end of 2029. The main drivers of the regional market growth are developed nations like the United States and Canada. Because of the rising activity in the residential building sector related to remodelling and renovation, the United States is anticipated to hold the greatest market share throughout the projection period.
by Application
Architecture
Civil Construction
Engineering
Commercial
Residential
Building
Defense
Others
By application, the commercial sector has led the global market in 2022 and is predicted to produce more than US$ xx Mn market revenue by 2029, with a CAGR of xx%. To extend the life of these structures, GFRC materials are used extensively in commercial construction for the façade, claddings, wall panels, columns, and capitals, among other applications. It also helps to control and lessen the construction's permeability. Because of its many advantages, including moisture absorption, design flexibility, fire and weather resistance, resistance, ease of handling, and durability, GFRC is becoming more and more in demand and helping to fuel the expansion of the building sector.
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Glass Fiber Reinforced Concrete Market Key Players
1. GB Architectural Cladding Products Ltd
2. FibrobetonYapıElemanları
3. Fibrex Construction Group BCM GRC Ltd
4. Glass Reinforced Concrete UK Ltd
5. Surecrete Design Products
6. Betofiber A.S
7. Blueconcrete
8. CHENG Concrete
9. Formglas Products Ltd
10. Fishstone
11. Frey-Fil Corporation
12. Loveld Nv
13. Pennine Stone Ltd
14. Telling Ltd
15. HUESKER
16. Low & Bonar
17. BarChip Pty Ltd
18. GRCUK
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Table of content for the Glass Fiber Reinforced Concrete Market includes:
Part 01: Executive Summary
Part 02: Scope of the Glass Fiber Reinforced Concrete Market Report
Part 03: Global Glass Fiber Reinforced Concrete Market Landscape
Part 04: Global Glass Fiber Reinforced Concrete Market Sizing
Part 05: Global Glass Fiber Reinforced Concrete Market Segmentation by Type
Part 06: Five Forces Analysis
Part 07: Customer Landscape
Part 08: Geographic Landscape
Part 09: Decision Framework
Part 10: Drivers and Challenges
Part 11: Market Trends
Part 12: Vendor Landscape
Part 13: Vendor Analysis
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Regional Insights:
The global Glass Fiber Reinforced Concrete market encompasses regions like North America, Asia Pacific, Europe, Middle East and Africa, and South America. Each region plays a significant role in shaping the market. For instance, the North America Glass Fiber Reinforced Concrete Market is experiencing a rise in demand , driven by the adoption of electric and zero-emission vehicles for the non-tactical fleet of the U.S. military. The Asia Pacific region, on the other hand, is witnessing strong investments in Glass Fiber Reinforced Concrete to bolster military capabilities.
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