Market Definition
The global Glass Fiber Reinforced Concrete (GFRC) Market size is estimated to be USD 153.03 Million in 2019 and is predicted to reach USD 226.04 Million by 2030 with a CAGR of 3.6% from 2020-2030.
The Global GFRC Market held a volumetric turn-over of 45.55 kilotons in 2019 that is expected to level-up to 72.93 kilotons by 2030, witnessing a CAGR of 4.4% from 2020-2030.
Glass fiber reinforced concrete (GFRC) is a specialized type of concrete mixed with glass fibers. GFRC constitutes of AR glass fibers, acrylic polymer emulsions, cement, sand, pozzolan (VCOS), admixtures and color-dry. Glass fiber reinforced concrete is mostly used for construction, cladding and re-cladding of architectural buildings.
The unique properties of GFRC such as its high compressive and tensile strength make it a primary choice. Also, its flexural strength can be as high as 4000 psi. It is light weight as compared to regular concrete and has a very high strength-to-weight ratio. Panels constructed from GFRC are much thinner than concrete panels, making it lighter. Its internal reinforcement, easy consolidation and smooth surface finish are a bonus to its many advantages.
Market Dynamics and Trends
GFRC was first created in the 1940s in Russia, but it wasn’t until the 1970’s that the current form came into widespread use for building façades. Since then, the application of GFRC in construction projects has been increasing and drives the market growth. The rise in awareness for green buildings rated by LEED (Leadership in Energy and Environmental Design) is a major factor driving the Glass fiber reinforced concrete (GFRC) market growth.
Other factors such as acceleration of urbanization and growth of emerging economies further boost the market growth. However, low ductility and high cost due to ongoing R&D might restrain the market growth. Moreover, the intensification of technological advancements is estimated to curtail the prices of GFRC and hence accelerate its adoption in future.
Market Segmentations and Scope of the Study:
The global Glass Fiber Reinforced Concrete (GFRC) Market share has been analyzed based on process, application and geography. Based on process, the market is segmented into spray, premix and hybrid. Based on application, the market is segmented into commercial construction, residential construction and civil & other Infrastructure construction. Geographic breakdown and analysis of each of the previously mentioned segments include regions comprising North America, Europe, Asia-Pacific, and RoW.
Geographical Analysis
North America represents higher adoption of GFRC because of the constant rise of its construction industry and hence is estimated to have the highest market share in the global Glass Fiber Reinforced Concrete (GFRC) market during the forecasted period. Furthermore, the European region is estimated to expand mainly due to environmental concerns. Asia Pacific and Latin American markets are bound to flourish because of rising disposable income.
The emerging economies, especially Asia-Pacific region shall witness an increasing size of Glass Fiber Reinforced Concrete (GFRC) market because of the technological advancements which are estimated to affirmatively affect the cost factor.
Competitive Landscape
The Global Glass Fiber Reinforced Concrete (GFRC) market is highly competitive and consists of numerous market players. Some of the major market players are Willis Construction Co., Inc., Fibrex Construction Group, Formglas Products Ltd., Clark Pacific, Ultratech Cement Ltd., Bitofiber A.S, BB Fiberbeton, Loveld, Low and Bonar, Stromberg Architectural.
There have been various developments taking place in the market that further enhance the growth of Glass Fiber Reinforced Concrete (GFRC) Market on a large scale.. For instance, Green Badger which is a carbon neutral company with a premier cloud based LEED certification software solution claims majority of the population in year 2020 is seeking to have buildings (both new and existing) go beyond reducing energy/climate impact to actually being regenerative, and being positive for both occupants and their communities. Such implementations are estimated to propel the future market growth.
Furthermore, In May 2020, the global technology group, Freudenberg acquired 100 percent of the shares in Low & Bonar PLC (a global leader in high-performance), London, United Kingdom. Such acquisitions ensure that the International standards won’t be merely satisfied but exceeded and therefore will immensely enhance the market growth.
KEY BENEFITS
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The Glass Fiber Reinforced Concrete (GFRC) Market report provides quantitative market analysis and estimations through 2020-2030 that assists to determine the predominant market opportunities to exploit.
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The study comprises a deep drive analysis of Glass Fiber Reinforced Concrete (GFRC) Market Trends including current and upcoming trends for interpreting the prevalent investment pockets in the market.
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The report gives intricate information related to key drivers, restraints, opportunities and their impact on Glass Fiber Reinforced Concrete (GFRC) Market The report consolidates a competitive analysis of the market players along with their market share in global Glass Fiber Reinforced Concrete (GFRC) Market
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The study elaborates SWOT analysis and Porters Five Force model for the Glass Fiber Reinforced Concrete (GFRC) Market
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Value chain analysis in the market study provides a clear picture of the stakeholders’ roles in the global Glass Fiber Reinforced Concrete (GFRC) Market
KEY MARKET SEGMENTS:
By Process
By Application
By Region
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North America
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Europe
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UK
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Italy
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Germany
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Spain
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Netherlands
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Rest of Europe
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Asia-Pacific
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China
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Japan
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India
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Australia
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South Korea
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Taiwan
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Vietnam
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Rest of Asia Pacific
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RoW
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Latin America
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Middle East
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Africa
REPORT SCOPE AND SEGMENTATION:
Parameters
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Details
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Analysis Period
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2019–2030
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Base Year Considered
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2020
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Forecast Period
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2020–2030
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Market Size Estimation
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Million (USD)
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Market Segmentation
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by Process (Spray, Premix, Hybrid), by Application (Commercial, Residential, Civil and Other Infrastructure Construction)
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Geographical Segmentation
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North America (U.S., Canada, Mexico) Europe (UK, Italy, Germany, Spain, Netherlands, Rest of Europe) Asia-Pacific (China, Japan, India, Australia, South Korea, Taiwan, Vietnam, Rest of Asia Pacific) RoW (Latin America, Middle East, Africa)
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Companies Profiled
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Willis Construction Co., Inc., Fibrex Construction Group, Formglas Products Ltd., Clark Pacific, Ultratech Cement Ltd., Bitofiber A.S, BB Fiberbeton, Loveld, Low and Bonar, Stromberg Architectural
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LIST OF TABLES
Table 1 Glass Fiber Reinforced Concrete Market Size, By Process (US$ Mn AGR%, CAGR%), 2019-2029
Table 2 Glass Fiber Reinforced Concrete Market By Application, (US$ Mn AGR%, CAGR%), 2019-2029
Table 3 Commercial Construction Market, By Type, (US$ Mn AGR%, CAGR%), 2019-2029
Table 4 Civil & Other Infrastructure Construction, By Type (US$ Mn AGR%, CAGR%), 2019-2029)
Table 5 Glass Fiber Reinforced Concrete Market By Region, (US$ Mn AGR%, CAGR%), 2019-2029
Table 6 North America: Glass Fiber Reinforced Concrete Market Size, By Country, (US$ Mn AGR%, CAGR%), 2019-2029
Table 7 North America: Glass Fiber Reinforced Concrete Market Size, By Process (US$ Mn AGR%, CAGR%), 2019-2029
Table 8 North America: Glass Fiber Reinforced Concrete Market Size, By Application (US$ Mn AGR%, CAGR%), 2019-2029
Table 9 North America: Commercial Construction Market, By Type, (US$ Mn AGR%, CAGR%), 2019-2029
Table 10 North America: Civil & Other Infrastructure Construction, By Type (US$ Mn AGR%, CAGR%), 2019-2029)
Table 11 US: Glass Fiber Reinforced Concrete Market Size, By Process (US$ Mn AGR%, CAGR%), 2019-2029
Table 12 US: Glass Fiber Reinforced Concrete Market Size, By Application (US$ Mn AGR%, CAGR%), 2019-2029
Table 13 US: Commercial Construction Market, By Type, (US$ Mn AGR%, CAGR%), 2019-2029
Table 14 US: Civil & Other Infrastructure Construction, By Type (US$ Mn AGR%, CAGR%), 2019-2029)
Table 15 Canada: Glass Fiber Reinforced Concrete Market Size, By Process (US$ Mn AGR%, CAGR%), 2019-2029
Table 16 Canada: Glass Fiber Reinforced Concrete Market Size, By Application (US$ Mn AGR%, CAGR%), 2019-2029
Table 17 Canada: Commercial Construction Market, By Type, (US$ Mn AGR%, CAGR%), 2019-2029
Table 18 Canada: Civil & Other Infrastructure Construction, By Type (US$ Mn AGR%, CAGR%), 2019-2029)
Table 19 Europe: Glass Fiber Reinforced Concrete Market Size, By Country (US$ Mn AGR%, CAGR%), 2019-2029
Table 20 Europe: Glass Fiber Reinforced Concrete Market Size, By Process (US$ Mn AGR%, CAGR%), 2019-2029
Table 21 Europe: Glass Fiber Reinforced Concrete Market Size, By Application (US$ Mn AGR%, CAGR%), 2019-2029
Table 22 Europe: Commercial Construction Market, By Type, (US$ Mn AGR%, CAGR%), 2019-2029
Table 23 Europe: Civil & Other Infrastructure Construction, By Type (US$ Mn AGR%, CAGR%), 2019-2029)
Table 24 Germany: Glass Fiber Reinforced Concrete Market Size, By Process (US$ Mn AGR%, CAGR%), 2019-2029
Table 25 Germany: Glass Fiber Reinforced Concrete Market Size, By Application (US$ Mn AGR%, CAGR%), 2019-2029
Table 26 Germany: Commercial Construction Market, By Type, (US$ Mn AGR%, CAGR%), 2019-2029
Table 27 Germany: Civil & Other Infrastructure Construction, By Type (US$ Mn AGR%, CAGR%), 2019-2029)
Table 28 France: Glass Fiber Reinforced Concrete Market Size, By Process (US$ Mn AGR%, CAGR%), 2019-2029
Table 29 France: Glass Fiber Reinforced Concrete Market Size, By Application (US$ Mn AGR%, CAGR%), 2019-2029
Table 30 France: Commercial Construction Market, By Type, (US$ Mn AGR%, CAGR%), 2019-2029
Table 31 France: Civil & Other Infrastructure Construction, By Type (US$ Mn AGR%, CAGR%), 2019-2029)
Table 32 UK: Glass Fiber Reinforced Concrete Market Size, By Process (US$ Mn AGR%, CAGR%), 2019-2029
Table 33 UK: Glass Fiber Reinforced Concrete Market Size, By Application (US$ Mn AGR%, CAGR%), 2019-2029
Table 34 UK: Commercial Construction Market, By Type, (US$ Mn AGR%, CAGR%), 2019-2029
Table 35 UK: Civil & Other Infrastructure Construction, By Type (US$ Mn AGR%, CAGR%), 2019-2029)
Table 36 Rest of Europe: Glass Fiber Reinforced Concrete Market Size, By Process (US$ Mn AGR%, CAGR%), 2019-2029
Table 37 Rest of Europe: Glass Fiber Reinforced Concrete Market Size, By Application (US$ Mn AGR%, CAGR%), 2019-2029
Table 38 Rest of Europe: Commercial Construction Market, By Type, (US$ Mn AGR%, CAGR%), 2019-2029
Table 39 Rest of Europe: Civil & Other Infrastructure Construction, By Type (US$ Mn AGR%, CAGR%), 2019-2029)
Table 40 Asia-Pacific: Glass Fiber Reinforced Concrete Market Size, By Country, 2019-2029 (Kiloton)
Table 41 Asia-Pacific: Glass Fiber Reinforced Concrete Market Size, By Process (US$ Mn AGR%, CAGR%), 2019-2029
Table 42 Asia-Pacific: Glass Fiber Reinforced Concrete Market Size, By Application (US$ Mn AGR%, CAGR%), 2019-2029
Table 43 Asia-Pacific: Commercial Construction Market, By Type, (US$ Mn AGR%, CAGR%), 2019-2029
Table 44 Asia-Pacific: Civil & Other Infrastructure Construction, By Type (US$ Mn AGR%, CAGR%), 2019-2029)
Table 45 Japan: Glass Fiber Reinforced Concrete Market Size, By Process (US$ Mn AGR%, CAGR%), 2019-2029
Table 46 Japan: Glass Fiber Reinforced Concrete Market Size, By Application (US$ Mn AGR%, CAGR%), 2019-2029
Table 47 Japan: Commercial Construction Market, By Type, (US$ Mn AGR%, CAGR%), 2019-2029
Table 48 Japan: Civil & Other Infrastructure Construction, By Type (US$ Mn AGR%, CAGR%), 2019-2029)
Table 49 China: Glass Fiber Reinforced Concrete Market Size, By Process (US$ Mn AGR%, CAGR%), 2019-2029
Table 50 China: Glass Fiber Reinforced Concrete Market Size, By Application (US$ Mn AGR%, CAGR%), 2019-2029
Table 51 China: Commercial Construction Market, By Type, (US$ Mn AGR%, CAGR%), 2019-2029
Table 52 China: Civil & Other Infrastructure Construction, By Type (US$ Mn AGR%, CAGR%), 2019-2029)
Table 53 India: Glass Fiber Reinforced Concrete Market Size, By Process (US$ Mn AGR%, CAGR%), 2019-2029
Table 54 India: Glass Fiber Reinforced Concrete Market Size, By Application (US$ Mn AGR%, CAGR%), 2019-2029
Table 55 India: Commercial Construction Market, By Type, (US$ Mn AGR%, CAGR%), 2019-2029
Table 56 India: Civil & Other Infrastructure Construction, By Type (US$ Mn AGR%, CAGR%), 2019-2029)
Table 57 Rest of APAC: Glass Fiber Reinforced Concrete Market Size, By Process (US$ Mn AGR%, CAGR%), 2019-2029
Table 58 Rest of APAC: Glass Fiber Reinforced Concrete Market Size, By Application (US$ Mn AGR%, CAGR%), 2019-2029
Table 59 Rest of APAC: Commercial Construction Market, By Type, (US$ Mn AGR%, CAGR%), 2019-2029
Table 60 Rest of APAC: Civil & Other Infrastructure Construction, By Type (US$ Mn AGR%, CAGR%), 2019-2029)
Table 61 LAMEA: Glass Fiber Reinforced Concrete Market Size, By Country, (US$ Mn AGR%, CAGR%), 2019-2029
Table 62 LAMEA: Glass Fiber Reinforced Concrete Market Size, By Process (US$ Mn AGR%, CAGR%), 2019-2029
Table 63 LAMEA: Glass Fiber Reinforced Concrete Market Size, By Application (US$ Mn AGR%, CAGR%), 2019-2029
Table 64 LAMEA: Commercial Construction Market, By Type, (US$ Mn AGR%, CAGR%), 2019-2029
Table 65 LAMEA: Civil & Other Infrastructure Construction, By Type (US$ Mn AGR%, CAGR%), 2019-2029)
Table 66 Latin America: Glass Fiber Reinforced Concrete Market Size, By Process (US$ Mn AGR%, CAGR%), 2019-2029
Table 67 Latin America: Glass Fiber Reinforced Concrete Market Size, By Application (US$ Mn AGR%, CAGR%), 2019-2029
Table 68 Latin America: Commercial Construction Market, By Type, (US$ Mn AGR%, CAGR%), 2019-2029
Table 69 Latin America: Civil & Other Infrastructure Construction, By Type (US$ Mn AGR%, CAGR%), 2019-2029)
Table 70 Middle East: Glass Fiber Reinforced Concrete Market Size, By Process (US$ Mn AGR%, CAGR%), 2019-2029
Table 71 Middle East: Glass Fiber Reinforced Concrete Market Size, By Application (US$ Mn AGR%, CAGR%), 2019-2029
Table 72 Middle East: Commercial Construction Market, By Type, (US$ Mn AGR%, CAGR%), 2019-2029
Table 73 Middle East: Civil & Other Infrastructure Construction, By Type (US$ Mn AGR%, CAGR%), 2019-2029)
Table 74 Africa: Glass Fiber Reinforced Concrete Market Size, By Process (US$ Mn AGR%, CAGR%), 2019-2029
Table 75 Africa: Glass Fiber Reinforced Concrete Market Size, By Application (US$ Mn AGR%, CAGR%), 2019-2029
Table 76 Africa: Commercial Construction Market, By Type, (US$ Mn AGR%, CAGR%), 2019-2029
Table 77 Africa: Civil & Other Infrastructure Construction, By Type (US$ Mn AGR%, CAGR%), 2019-2029)
LIST OF FIGURES
Figure 1 Glass Fiber Reinforced Concrete Market Segmentation
Figure 2 Glass Fiber Reinforced Concrete Market: Research Design
Figure 3 Drivers, Restraints, Opportunities, and Challenges in the Glass Fiber Reinforced Concrete Market
Figure 4 Glass Fiber Reinforced Concrete Market, By Process (2019-2029)
Figure 5 Glass Fiber Reinforced Concrete Market, By Application (2019-2029)
Figure 6 Commercial Construction Market, By Type, (2019-2029
Figure 7 Civil & Other Infrastructure Construction, By Type (2019-2029)
Figure 8 Global Glass Fiber Reinforced Concrete Market, By Region
Figure 9 North America: Glass Fiber Reinforced Concrete Market Snapshot
Figure 10 Europe: Glass Fiber Reinforced Concrete Market Snapshot
Figure 11 APAC: Glass Fiber Reinforced Concrete Market Snapshot
Figure 12 LAMEA Glass Fiber Reinforced Concrete Market Snapshot
Figure 13 Market Share/Ranking
Figure 14 BCM GRC Ltd.: Financial Snapshot
Figure 15 Domcrete GFRC Countertop Supplies: Financial Snapshot
Figure 16 Betofiber A/S: Financial Snapshot
Figure 17 Blue Concrete: Financial Snapshot
Figure 18 CHENG Concrete: Financial Snapshot
Figure 19 Fibrobeton Yapi Elemanlari: Financial Snapshot
Figure 20 Fibrex Construction Group: Financial Snapshot
Figure 21 Fishtone: Financial Snapshot
Figure 22 Frey-Fil Corp. : Financial Snapshot
Figure 23 Formglas Products Ltd: Financial Snapshot