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Driving Glass Fiber Reinforced Concrete Market Growth in 2025: The Role of Green Building Emphasis Sparks Growth In The Glass Fiber Reinforced Concrete Market
Glass Fiber Reinforced Concrete
Glass Fiber Reinforced Concrete Market Size Growth Forecast: What to Expect by 2025?
In recent times, the market size for glass fiber reinforced concrete has experienced a significant increase. With a compound annual growth rate (CAGR) of 12.7%, it is projected to expand from $3.92 billion in 2024 to $4.42 billion in 2025. The historical growth has been mainly due to several factors such as renovation and restoration ventures, amplified demand from the construction sector, a surge in demand from the residential sector, escalated demand from the commercial area, and increasing urbanization.
How Will the Glass Fiber Reinforced Concrete Market Size Evolve and Grow by 2029?
The market size of glass fiber reinforced concrete is projected to witness a swift surge in the coming years, reaching $7.65 billion in 2029 with a compound annual growth rate (CAGR) of 14.7%. This anticipated expansion during the forecasted period can be ascribed to a growing inclination towards eco-friendly construction, commercial construction growth, investment in infrastructure, the emergence of ultra-high-performance GFRC, and an increased demand for durable, lightweight building materials. Future trends throughout this prediction period encompass 3D printing technology, tailoring and individualization, thin and lightweight panel production, improvements in manufacturing techniques, and the incorporation of fiber optics and lighting.
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What Drivers Are Propelling the Growth of Glass Fiber Reinforced Concrete Market Forward?
The heightened focus on eco-friendly structures notably fuels the expansion of the glass fiber-reinforced concrete industry. The term 'green building' alludes to the blueprint, creation, and functionality of buildings that give top importance to energy savviness, maintaining resources, endurance, and consideration towards the environment. Glass fiber-reinforced concrete is frequently employed in these green buildings as a vital element for resilient construction. For instance, per the World Green Building Council, a US-based non-profit entity and a worldwide association of national Green Building Councils, there will be a minimum 40% reduction in embodied carbon than present structures, by the year 2030, accompanied by significant initial carbon cutbacks. All fresh structures will have a net zero operating carbon. Therefore, the substantial focus on sustainable buildings will inevitably generate tremendous need for glass fiber reinforced concrete, thus working as a catalyst in the advancement of the glass fiber reinforced concrete industry going forward.
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Which Emerging Trends Are Transforming the Glass Fiber Reinforced Concrete Market in 2025?
The emergence of 3D printing is a notable trend in the glass fiber reinforced concrete market. Primary businesses in this industry are focusing their efforts on the creation and application of 3D printing technology to enhance their standing. Case in point, in October 2022, US construction technology firm Branch Technology unveiled its new BranchClad GFRC product range, which earned an Environmental Product Declaration (EPD) certification. This development emphasizes the company's dedication to eco-friendly construction methods through its inventive 3D-printed cladding solutions which adhere to strict environmental regulations. The goal of this product range is to equip architects and builders with sustainable choices that do not compromise on performance or aesthetic value.
What Are the Key Segments in the Glass Fiber Reinforced Concrete Market?
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 And Other Infrastructure Construction
Subsegments:
1) By Spray: Wet Spray, Dry Spray
2) By Premix: Ready-Mix, Site-Mix
3) By Hybrid: Combination Of Wet And Dry Methods, Custom Blending Techniques
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Who Are the Key Players Shaping the Glass Fiber Reinforced Concrete Market's Competitive Landscape?
Major companies operating in the glass fiber reinforced concrete market include 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.
What Geographic Markets Are Powering Growth in the Glass Fiber Reinforced Concrete Market?
North America was the largest region in the glass fiber reinforced concrete market in 2024.Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the glass fiber reinforced concrete market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
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