Glass Fiber Reinforced Concrete (GFRC) Market by Process (Spray, Premix, Hybrid), by Application (Commercial, Residential, Civil and Other Infrastructure Construction) - Global Opportunity Analysis and Industry Forecast, 2020-2030

Glass Fiber Reinforced Concrete (GFRC) Market

Industry:  Materials & Chemicals | Publish Date: Jan 2020 | No of Pages:  200 | No. Tables:  168 | No. Figures:  123

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 Ultratech Cement Ltd., Formglas Products Ltd., Willis Construction Co., Inc., Clark Pacific, Loveld, Propex Operating Company LLC, HUESKER, Low & Bonar, BarChip Pty Ltd and GRCUK.

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

  • 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.

  • 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.

  • 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

  • The study elaborates SWOT analysis and Porters Five Force model for the Glass Fiber Reinforced Concrete (GFRC) Market

  • 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

  • Spray

  • Premix

  • Hybrid

By Application

  • Commercial Construction

  • Residential Construction

  • Civil & Other Infrastructure Construction

By Region

  • North America

    • US

    • Canada

  • Europe

    • Germany

    • UK, France

    • Spain

    • Italy

    • Switzerland

    • Sweden

    • Rest of Europe

  • Asia Pacific APAC

    • China

    • Japan

    • India

    • South Korea

    • Malaysia

    • Rest of APAC

  • The Middle East & Africa (MEA)

    • Saudi Arabia

    • South Africa

    • UAE

    • Rest of Middle East & Africa

  • Latin America

    • Argentina

    • Brazil

    • Mexico

    • Rest of Latin America

REPORT SCOPE AND SEGMENTATION:

Parameters

Details

Analysis Period

2019–2030

Base Year Considered

2020

Forecast Period

2020–2030

Market Size Estimation

Million (USD)

Market Segmentation

by Process (Spray, Premix, Hybrid), by Application (Commercial, Residential, Civil and Other Infrastructure Construction)

Geographical Segmentation

North America (U.S., Canada) Europe (UK, Germany, Italy, France, Spain, Switzerland, Sweden, Rest of Europe), Asia-Pacific (China, Japan, India, South Korea, Malaysia, Rest of APAC), Rest of the World (Latin America, Middle East, Africa)

Companies Profiled

Ultratech Cement Ltd., Formglas Products Ltd., Willis Construction Co., Inc., Clark Pacific, Loveld, Propex Operating Company LLC, HUESKER, Low & Bonar, BarChip Pty Ltd and GRCUK.

column chart pie chart

TABLE OF CONTENTS:

1.    Introduction
1.1    Objectives of the Study 
1.2     Market Definition 
1.3     Market Scope 
           1.3.1 Markets Covered
           1.3.2 Years Considered for the Study
1.4    Stakeholders
2.    Research Methodology
2.1    Research Data
     2.1.1 Primary Data
          2.1.2 Secondary Data
2.2    Market Size Estimation
2.3    Research Assumptions
3.    Executive Summary
4.    Industry Insights
5.    Global Glass Fiber Reinforced Concrete (GFRC) Market – By Process
5.1    Spray 
5.2    Premix 
5.3    Hybrid
6.    Global Glass Fiber Reinforced Concrete (GFRC) Market – By Application 
6.1    Commercial Construction 
6.1.1    Institutions
6.1.2    Hospitals
6.1.3    Offices
6.1.4    Airports
6.1.5    Others
6.2    Residential Construction 
6.3    Civil & Other Infrastructure Construction 
6.3.1    Bridges/ Highways/ Tunnels/ Railways
6.3.2    Defense
7.    Global Glass Fiber Reinforced Concrete (GFRC) Market – By Geography
7.1    North America
7.1.1    US
7.1.2    Canada
7.2    Europe
7.2.1    Germany
7.2.2    France
7.2.3    UK
7.2.4    Rest of Europe
7.3    Asia-Pacific
7.3.1    Japan
7.3.2    China
7.3.3    India
7.3.4    Rest of APAC
7.4    LAMEA
7.4.1    Latin America
7.4.2    Middle East 
7.4.3    Africa
8.    Competitive Landscape
9.    Company Profile
9.1    BCM GRC Ltd.
9.2    Domcrete GFRC Countertop Supplies
9.3    Betofiber A/S
9.4    Blue Concrete
9.5    CHENG Concrete
9.6    Fibrobeton Yapi Elemanlari
9.7    Fibrex Construction Group
9.8    Fishtone
9.9    Frey-Fil Corp.
9.10    Formglas Products Ltd.
9.11    GB Architectural Cladding Products Ltd
9.12    Glass Reinforced Concrete UK Ltd.
9.13    Hard Rock Developments Inc.
9.14    Loveld
9.15    Pennine Stone Ltd.
9.16    Surecrete Design Products
9.17    Telling Ltd.
9.18    Ultratech Cement Ltd.
9.19    Willis Construction Co. Inc.
9.20    Clark Pacific 
9.21    Stromberg Architectural 
9.22    Bb Fiberbeton
9.23    Generale Prefabbricati S.P.A.
9.24    Arabian Tile Company Ltd.
9.25    Quattro Design Solutions
10.     Appendix

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
 

  • Ultratech Cement Ltd.
  • Formglas Products Ltd.
  • Willis Construction Co., Inc.
  • Clark Pacific
  • Loveld
  • Propex Operating Company LLC
  • HUESKER

Frequently Asked Questions
What will be the worth of global Global Glass Fiber Reinforced Concrete (GFRC) market by the end of 2030?

According to the report published by Next Move Strategy Consulting, the Global Glass Fiber Reinforced Concrete (GFRC) market business is expected to hit at $226.04 Million (USD) by 2030.

Which region is expected to hold the highest market share in the Global Glass Fiber Reinforced Concrete (GFRC) market?

North America is expected to hold the highest market share in the global market. The region is expected to witness remarkable growth as it houses the major key players in the market.

Which are the top companies in the Global Glass Fiber Reinforced Concrete (GFRC) industry?

Ultratech Cement Ltd., Formglas Products Ltd., Willis Construction Co., Inc., Clark Pacific, Loveld, Propex Operating Company LLC

What are the market segmentations and scope of the study?

The global Global Glass Fiber Reinforced Concrete (GFRC) market share analysis is based on process, application and geography.

How big is the Global Glass Fiber Reinforced Concrete (GFRC) market?

Currently (in 2019), the market value stands at USD 153.03 million and it is anticipated to reach USD 226.04 million by 2030.