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Emerging Trends to Reshape the Glass Fiber Reinforced Concrete Market: 3D Printing Revolutionizes The Glass Fiber Reinforced Concrete Market as a Key Influencer
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.Glass Fiber Reinforced Concrete Market Size Valuation Forecast: What Will the Market Be Worth by 2025?
The market for glass fiber reinforced concrete has seen a swift expansion in recent years. The market worth which is at $3.92 billion in 2024 is projected to surge to $4.36 billion in 2025, with a compound annual growth rate (CAGR) of 11.0%. This significant growth during the historic period can be linked to the surge in renovation and restoration projects, escalating demand from the construction industry, heightened demand in the residential sector, an expanding call in the commercial sector, along with the phenomena of increased urbanization.
Glass Fiber Reinforced Concrete Market Size Forecast: What's the Projected Valuation by 2029?
In the coming years, a quick surge in the market size of glass fiber reinforced concrete is anticipated. It is set to expand to $7.39 billion in 2029 with a CAGR of 14.1%. This growth in the projection period is credited to the growing liking for sustainable building, expansion in commercial construction, infrastructure spending, the invention of ultra-high-performance GFRC, and increasing demand for construction materials that are lightweight and durable. Some major trends noticed in the forecast period include advancements in 3D printing technology, individualization and customization, thin and lightweight panels, manufacturing technique enhancement, and the incorporation of fiber optics and lighting.
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What Are the Drivers Transforming the Glass Fiber Reinforced Concrete Market?
The growth of the glass fiber-reinforced concrete market is largely fueled by the increasing focus on eco-friendly buildings. These buildings are founded on principles of energy efficiency, conservation of resources, sustainability, and ecological responsibility from the design phase through to operation. Glass fiber-reinforced concrete has emerged as a preferred choice for sustainable construction in these structures. For instance, the World Green Building Council, a non-profit organization based in the US with a global network of national Green Building Councils, projects that by 2030, all new structures will have a minimum of 40% less embodied carbon compared to existing structures. These new builds will also offer significant upfront carbon reductions and will operate on net zero carbon. As such, the trend towards green buildings is expected to generate a substantial demand for green fiber reinforced concrete, thereby fueling the expansion of the glass fiber reinforced concrete market in the future.
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What Trends Will Shape the Glass Fiber Reinforced Concrete Market Through 2029 and Beyond?
The rise of 3D printing is a significant trend impacting the glass fiber reinforced concrete market. Prevalent businesses in this industry are concentrating on enhancing and utilizing 3D printing technologies to solidify their market standing. To illustrate, Branch Technology, an American construction technology firm, unveiled its new BranchClad GFRC product range in October 2022, which is accredited with an Environmental Product Declaration (EPD) certification. This progression underlines the firm's dedication to eco-friendly building practices, while delivering cutting-edge 3D printed cladding solutions that adhere to strict environmental guidelines. This product range is designed to offer architects and construction professionals environmentally conscious alternatives that retain high functionality and visual attractiveness.
Which Segments in the Glass Fiber Reinforced Concrete Market Offer the Most Profit Potential?
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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Which Firms Dominate the Glass Fiber Reinforced Concrete Market by Market Share and Revenue in 2025?
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.
Which Regions Offer the Highest Growth Potential 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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