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Glass Fiber Reinforced Concrete Market Analysis 2024 -2033: Forecasted Market Size, Top Segments, And Largest Region | Ultratech Cement Ltd., Formglas Products Ltd., Willis Construction Co. Inc., Clark Pacific Corp
Glass Fiber Reinforced Concrete Market Characteristics
The Business Research Company offers in-depth market insights through Glass Fiber Reinforced Concrete Global Market Report 2024, providing businesses with a competitive advantage by thoroughly analyzing the market structure, including estimates for numerous segments and sub-segments.
Market Size And Growth Forecast:
The glass fiber reinforced concrete market size has grown rapidly in recent years. It will grow from $3.51 billion in 2023 to $3.97 billion in 2024 at a compound annual growth rate (CAGR) of 13.2%. The growth in the historic period can be attributed to renovation and restoration projects, increased demand from the construction industry, rising demand from the residential sector, growing demand from the commercial sector, increased urbanization .
The glass fiber reinforced concrete market size is expected to see rapid growth in the next few years. It will grow to $6.65 billion in 2028 at a compound annual growth rate (CAGR) of 13.7%. The growth in the forecast period can be attributed to increasing preference for sustainable construction, growth in commercial construction, infrastructure investments, development of ultra-high-performance gfrc, growing demand for lightweight and durable construction materials. Major trends in the forecast period include 3d printing technology, customization and personalization, thin and lightweight panels, advancements in manufacturing techniques, integration of fiber optics and lighting.
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Market Segmentation:
The glass fiber reinforced concrete market covered in this report is segmented -
1) By Process: Spray, Premix, Hybrid
2) By Type: C30, C60, C100
3) By Application: Commercial Construction, Residential Construction, Civil & Other Infrastructure Construction
Major Driver - Green Building Emphasis Sparks Growth In The Glass Fiber Reinforced Concrete Market
Increasing emphasis on green buildings is significantly driving the growth of the glass fiber-reinforced concrete market. Green building refers to the design, construction, and operation of structures that prioritize energy efficiency, resource conservation, sustainability, and environmental responsibility.Green buildings use glass fiber-reinforced concrete as a predominant option for sustainable construction. For example, according to the World Green Building Council, a US-based non-profit organization and global network of national Green Building Councils, by 2030, all new construction will have at least 40% less embodied carbon than existing structures, along with considerable upfront carbon reductions, and all new structures will have net zero operating carbon. Thus, significant emphasis on green buildings will invariably create huge demand for green fiber reinforced concrete and is expected to propel the growth of the glass fiber reinforced concrete market going forward.
Competitive Landscape:
Major companies operating in the glass fiber reinforced concrete market report are Ultratech Cement Ltd., Formglas Products Ltd., Willis Construction Co. Inc., Clark Pacific Corp., Loveld UK Ltd., Fibrex Construction Group LLC, Nanjing Beilida New Material System Engineering Co. Ltd., Low & Bonar India Pvt. Ltd., Stromberg Architectural Products Inc., Betofiber A. S., Bb Fiberbeton AS, BCM GRC Ltd., Blue Fox Concrete Products Private Limited, CHENG Concrete LLC, Fishstone Ltd., Frey-Fil Corporation, GB Architectural Cladding Products Ltd., Hard Rock Developments Ltd., Pennine Stone Ltd., Surecrete Design Products Inc., Glass Reinforced Concrete UK Ltd., Telling Ltd., Grass Roots Research & Creation India Ltd., BarChip Pty Ltd., CEMEX SAB de CV, Sika AG, N. V. Bekaert S. A., GCP Applied Technologies Inc., Modern Building Contracting Company, Blue Ridge Fiberboard Inc., Cast Supply Ltd., Cemrock Landscapes Inc., Concreteworks East Inc., Dura Art Stone Inc., Elite Crete Systems Inc., Envision Concrete Inc.
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Top Trend - 3D Printing Revolutionizes The Glass Fiber Reinforced Concrete Market
3D printing is a key trend gaining popularity in the glass fiber reinforced concrete market. Major companies operating in the glass fiber reinforced concrete sector are focused on developing and using 3D printing solutions to strengthen their position. For instance, in May 2021, Branch Technology, a key construction tech company, created a category-defining project using 3D printing Glass Fiber Reinforced Concrete (GFRC) with Tennessee Valley Federal Credit Union's newest office building. This is the world's first 3D-printed GFRC facade. It also establishes several other categories, including the first commercial building with a 3D printed building envelope in the United States and the first freeform 3D printed composite project.
The Table Of Content For The Market Report Include:
1. Executive Summary
2. Glass Fiber Reinforced Concrete Market Characteristics
3. Glass Fiber Reinforced Concrete Market Trends And Strategies
4. Glass Fiber Reinforced Concrete Market - Macro Economic Scenario
5. Glass Fiber Reinforced Concrete Market Size And Growth
…..
27. Glass Fiber Reinforced Concrete Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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