Glass Fiber Reinforced Concrete (GFRC) Market 2024-2028
The glass fiber reinforced concrete (GFRC) market is forecasted to grow by USD 406 mn during 2023-2028, accelerating at a CAGR of 4.3% during the forecast period. The report on the glass fiber reinforced concrete (GFRC) market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by impact of precast construction leading to reduced construction time and cost, increased emphasis on green buildings, and use of recycled material for production.
Technavio's glass fiber reinforced concrete (GFRC) market is segmented as below:
- By Application
- Commercial construction
- Residential construction
- Others
- By Geographical Landscape
- North America
- Europe
- APAC
- South America
- Middle East and Africa
This study identifies the increased use of GFRC in construction industry as one of the prime reasons driving the glass fiber reinforced concrete (GFRC) market growth during the next few years. Also, rise in new construction projects in developing countries such as China and India and rise in demand for corrosion-resistant materials in construction projects will lead to sizable demand in the market.
The report on the glass fiber reinforced concrete (GFRC) market covers the following areas:
- Glass Fiber Reinforced Concrete (GFRC) Market sizing
- Glass Fiber Reinforced Concrete (GFRC) Market forecast
- Glass Fiber Reinforced Concrete (GFRC) Market industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading glass fiber reinforced concrete (GFRC) market vendors that include ASAHI BUILDING-WALL Co. Ltd, BarChip Pty Ltd., BCM GRC Ltd., Betofiber AS, Chiltern GRC Ltd., Dalian Shantai New Industrial Co. Ltd., Domcrete GFRC Countertop Supplies, Fibrobeton Yapi Elemanlari, Fishstone Studio Inc., Formglas Products Ltd., GB Architectural Cladding Products Ltd., Glass Reinforced Concrete UK Ltd., Pennine Stone Ltd., Shanghai Zhuoou Building Decoration Engineering Co. Ltd., Smooth On Inc., SureCrete Design Products, and Ibstock Telling. Also, the glass fiber reinforced concrete (GFRC) market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive primary and secondary research. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.