Global GFRG (Glass Fiber Reinforced Gypsum) Market Growth 2024-2030

Global GFRG (Glass Fiber Reinforced Gypsum) Market Growth 2024-2030

According to our LPI (LP Information) latest study, the global GFRG (Glass Fiber Reinforced Gypsum) market size was valued at US$ 819.7 million in 2023. With growing demand in downstream market, the GFRG (Glass Fiber Reinforced Gypsum) is forecast to a readjusted size of US$ 1023 million by 2030 with a CAGR of 3.2% during review period.

The research report highlights the growth potential of the global GFRG (Glass Fiber Reinforced Gypsum) market. GFRG (Glass Fiber Reinforced Gypsum) are expected to show stable growth in the future market. However, product differentiation, reducing costs, and supply chain optimization remain crucial for the widespread adoption of GFRG (Glass Fiber Reinforced Gypsum). Market players need to invest in research and development, forge strategic partnerships, and align their offerings with evolving consumer preferences to capitalize on the immense opportunities presented by the GFRG (Glass Fiber Reinforced Gypsum) market.

Glass Fiber Reinforced Gypsum is a composite of high strength alpha gypsum reinforced with glassfibers that can be factory molded into virtually any shape or size. GFRG (or GRG) is a non-combustible material (test results of flame spread and smoke development values as per ASTM E-84) and even the largest parts only weigh 2-3 pounds per square foot (10-15 kg/m2). Similar to traditional plaster castings but considerably lighter and stronger, Glass Fiber Reinforced Gypsum is typically field finished with any interior paint. Joints can be taped and finishing is similar to drywall finishing. The use of post-consumer recycled material, the fact that GFRG castings are made to size and are designed to minimize excessive framing, makes Glass Fiber Reinforced Gypsum a favorable choice for LEED or green construction projects.

In 1977, glass reinforced gypsum was introduced to the UK from the United States. This was a new concept in building materials. It was a lightweight, strong and durable material. It could be used for both structural and decorative interior construction, and it would prove to be enormously popular throughout the later 21th century. It remains highly popular today, thanks to its flexibility as a material, and the fact that it can be easily used in a very wide range of settings. In fact, as long as it isn’t subjected to damp, it can be and is used in all manner of buildings, from casinos and churches, to theatres and shopping centres, hotels and private homes.

The global leading GFRG companies in the world are Saint-Gobain, Formglas, Stromberg Architectural, Knauf Group, Owens Corning, Georgia-Pacific Gypsum and GRG Technologies, with about 45% market shares.

As for the region consumption, the USA remained the largest market for GFRG in the world, with 35% market share consumption. Other major consuming regions include China and Europe, which account for 20% and 16% respectively.

Key Features:

The report on GFRG (Glass Fiber Reinforced Gypsum) market reflects various aspects and provide valuable insights into the industry.

Market Size and Growth: The research report provide an overview of the current size and growth of the GFRG (Glass Fiber Reinforced Gypsum) market. It may include historical data, market segmentation by Type (e.g., Ordinary Plaster, Flame Retardant Plaster), and regional breakdowns.

Market Drivers and Challenges: The report can identify and analyse the factors driving the growth of the GFRG (Glass Fiber Reinforced Gypsum) market, such as government regulations, environmental concerns, technological advancements, and changing consumer preferences. It can also highlight the challenges faced by the industry, including infrastructure limitations, range anxiety, and high upfront costs.

Competitive Landscape: The research report provides analysis of the competitive landscape within the GFRG (Glass Fiber Reinforced Gypsum) market. It includes profiles of key players, their market share, strategies, and product offerings. The report can also highlight emerging players and their potential impact on the market.

Technological Developments: The research report can delve into the latest technological developments in the GFRG (Glass Fiber Reinforced Gypsum) industry. This include advancements in GFRG (Glass Fiber Reinforced Gypsum) technology, GFRG (Glass Fiber Reinforced Gypsum) new entrants, GFRG (Glass Fiber Reinforced Gypsum) new investment, and other innovations that are shaping the future of GFRG (Glass Fiber Reinforced Gypsum).

Downstream Procumbent Preference: The report can shed light on customer procumbent behaviour and adoption trends in the GFRG (Glass Fiber Reinforced Gypsum) market. It includes factors influencing customer ' purchasing decisions, preferences for GFRG (Glass Fiber Reinforced Gypsum) product.

Government Policies and Incentives: The research report analyse the impact of government policies and incentives on the GFRG (Glass Fiber Reinforced Gypsum) market. This may include an assessment of regulatory frameworks, subsidies, tax incentives, and other measures aimed at promoting GFRG (Glass Fiber Reinforced Gypsum) market. The report also evaluates the effectiveness of these policies in driving market growth.

Environmental Impact and Sustainability: The research report assess the environmental impact and sustainability aspects of the GFRG (Glass Fiber Reinforced Gypsum) market.

Market Forecasts and Future Outlook: Based on the analysis conducted, the research report provide market forecasts and outlook for the GFRG (Glass Fiber Reinforced Gypsum) industry. This includes projections of market size, growth rates, regional trends, and predictions on technological advancements and policy developments.

Recommendations and Opportunities: The report conclude with recommendations for industry stakeholders, policymakers, and investors. It highlights potential opportunities for market players to capitalize on emerging trends, overcome challenges, and contribute to the growth and development of the GFRG (Glass Fiber Reinforced Gypsum) market.

Market Segmentation:

GFRG (Glass Fiber Reinforced Gypsum) market is split by Type and by Application. For the period 2019-2030, the growth among segments provides accurate calculations and forecasts for consumption value by Type, and by Application in terms of volume and value.

Segmentation by type
Ordinary Plaster
Flame Retardant Plaster

Segmentation by application
Residential
Commercial

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
Certainteed
Saint-Gobain Gyproc
Continental Building Products
Knauf Danoline
Georgia-Pacific
National Gypsum
Yingchuang Building Technique
American Gypsum
Formglas Products
Gillespie

Key Questions Addressed in this Report

What is the 10-year outlook for the global GFRG (Glass Fiber Reinforced Gypsum) market?

What factors are driving GFRG (Glass Fiber Reinforced Gypsum) market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do GFRG (Glass Fiber Reinforced Gypsum) market opportunities vary by end market size?

How does GFRG (Glass Fiber Reinforced Gypsum) break out type, application?

Please note: The report will take approximately 2 business days to prepare and deliver.