Global Glass-Fiber Reinforced Gypsum Market Growth 2023-2029

Global Glass-Fiber Reinforced Gypsum Market Growth 2023-2029

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 20th 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.

LPI (LP Information)' newest research report, the “Glass-Fiber Reinforced Gypsum Industry Forecast” looks at past sales and reviews total world Glass-Fiber Reinforced Gypsum sales in 2022, providing a comprehensive analysis by region and market sector of projected Glass-Fiber Reinforced Gypsum sales for 2023 through 2029. With Glass-Fiber Reinforced Gypsum sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Glass-Fiber Reinforced Gypsum industry.

This Insight Report provides a comprehensive analysis of the global Glass-Fiber Reinforced Gypsum landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Glass-Fiber Reinforced Gypsum portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Glass-Fiber Reinforced Gypsum market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Glass-Fiber Reinforced Gypsum and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Glass-Fiber Reinforced Gypsum.

The global Glass-Fiber Reinforced Gypsum market size is projected to grow from US$ 819.7 million in 2022 to US$ 1143.8 million in 2029; it is expected to grow at a CAGR of 1143.8 from 2023 to 2029.

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 15% respectively.

This report presents a comprehensive overview, market shares, and growth opportunities of Glass-Fiber Reinforced Gypsum market by product type, application, key manufacturers and key regions and countries.

Market Segmentation:

Segmentation by type

GFRG Board

GFRG Products

Segmentation by application

Casino and Entertainment Center

Large Hotel

Large Public Buildings

Others

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.

Saint-Gobain

Formglas

Stromberg Architectural

Knauf Group

Owens Corning

Georgia-Pacific Gypsum

GRG Technologies

Guangzhou Form New Materials

Shanghai Yinqiao Decoration

Yinhu

Plasterceil Industries

Continental Building Products

CHIYODA UTE

Guangzhou City Ping Mei Building Materials

USG

Guheng Group

Key Questions Addressed in this Report

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

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

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

How do Glass-Fiber Reinforced Gypsum market opportunities vary by end market size?

How does Glass-Fiber Reinforced Gypsum break out type, application?

What are the influences of COVID-19 and Russia-Ukraine war?

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