Industry: Materials and Chemical | Publish Date: 29-Sep-2025 | No of Pages: 742 | No. of Tables: 480 | No. of Figures: 405 | Format: PDF | Report Code : MC51
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 them lighter. Its internal reinforcement, easy consolidation and smooth surface finish are a bonus to its many advantages.
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 driving 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 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.
The global glass fiber reinforced concrete 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.
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) industry 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 the glass fiber reinforced concrete (GFRC) market because of the technological advancements which are estimated to affirmatively affect the cost factor.
The global glass fiber reinforced concrete (GFRC) industry is highly competitive and consists of numerous market players. Some of the major market players are Stromberg Architectural Products, Inc., Fibrex Construction Group, UPB AS (UPB Group), Fibrobeton A.S., Nanjing BeiLiDa New Material System Engineering Co., Ltd., Willis Construction Co., Inc., Clark Pacific Corporation, BB Fiberbeton A/S, GB Architectural Cladding Products Ltd (GRC GB Group), Loveld NV, Dalian Shantai New Industrial Co., Ltd. (Shantai GRC), Advanced Architectural Stone Inc. (AAS / Advanced Cast Stone), Lindner Group KG (LinCrete), Rieder Group (fibreC), Formglas Products Ltd, Betofiber Precast Sanayi Ve Ticaret A.S., Telling Architectural Systems Ltd, Chiltern GRC Ltd., DAKO GRC Sp. Z O.o., Frey-Fil Corporation.
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.
The glass fiber reinforced concrete 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 the global 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 the global market. The report consolidates a competitive analysis of the market players along with their market share in the global market.
The study elaborates SWOT analysis and Porters Five Force model for the global market.
Value chain analysis in the market study provides a clear picture of the stakeholders’ roles in the global market.
Spray-up
Premix
Shop-cast and Precast
Hand-cast
Hybrid
Architecture
Cladding and Facade
Moldings and Ornamental
Interior Finishes
Furniture and Fixtures
Landscape and Streetscape
Structural and Civil Engineering
Permanent Formwork
Bridge and Tunnel Components
Utilities and Water Management
Floor Panels and Slabs
Repair and Restoration
Heritage and Facade Restoration
Structural Repair and Strengthening
Consumer and Outdoor Living
Fire Pits and Outdoor Kitchens
Planters Benches and Site Furniture
Other Industrial Uses
Residential Construction
Commercial Construction
Institutional and Public Buildings
Infrastructure and Transport Projects
Industrial and Utility Projects
Defense and Security Projects
By Region
North America
The U.S.
Canada
Mexico
Europe
The UK
Germany
France
Italy
Spain
Denmark
Netherlands
Finland
Sweden
Norway
Russia
Rest of Europe
Asia-Pacific
China
Japan
India
South Korea
Australia
Indonesia
Singapore
Taiwan
Thailand
Rest of Asia-Pacific
RoW
Latin America
Middle East
Africa
Stromberg Architectural Products, Inc.
Fibrex Construction Group
UPB AS (UPB Group)
Fibrobeton A.S.
Nanjing BeiLiDa New Material System Engineering Co., Ltd.
Willis Construction Co., Inc.
Clark Pacific Corporation
BB Fiberbeton A/S
GB Architectural Cladding Products Ltd (GRC GB Group)
Loveld NV
Dalian Shantai New Industrial Co., Ltd. (Shantai GRC)
Advanced Architectural Stone Inc. (AAS / Advanced Cast Stone)
Lindner Group KG (LinCrete)
Rieder Group (fibreC)
Formglas Products Ltd
Betofiber Precast Sanayi Ve Ticaret A.S.
Telling Architectural Systems Ltd
Chiltern GRC Ltd.
DAKO GRC Sp. Z O.o.
Frey-Fil Corporation
Parameters |
Details |
Analysis Period |
2019–2030 |
Base Year Considered |
2020 |
Forecast Period |
2020–2030 |
Market Size Estimation |
Million (USD) |
Market Segmentation |
by Manufacturing Process (Spray-up, Premix, Shop-cast and Precast, Hand-cast, and Hybrid), by Application (Architecture, Structural and Civil Engineering, Repair and Restoration, Consumer and Outdoor Living, and Other Industrial Uses), and by End User Sector (Residential Construction, Commercial Construction, Institutional and Public Buildings, Infrastructure and Transport Projects, Industrial and Utility Projects, and Defense and Security Projects) |
Geographical Segmentation |
North America (United States, Canada, and Mexico), Europe (Germany, France, Italy, Spain, United Kingdom, Russia, Sweden, Norway, Denmark, Netherlands, Finland, Rest of Europe), Asia-Pacific (Australia, China, India, Japan, South Korea, Indonesia, Singapore, Taiwan, Thailand, Rest of Asia-Pacific), Rest of the World (Latin America, Middle East, Africa) |
Companies Profiled |
Stromberg Architectural Products, Inc., Fibrex Construction Group, UPB AS (UPB Group), Fibrobeton A.S., Nanjing BeiLiDa New Material System Engineering Co., Ltd., Willis Construction Co., Inc., Clark Pacific Corporation, BB Fiberbeton A/S, GB Architectural Cladding Products Ltd (GRC GB Group), Loveld NV, Dalian Shantai New Industrial Co., Ltd. (Shantai GRC), Advanced Architectural Stone Inc. (AAS / Advanced Cast Stone), Lindner Group KG (LinCrete), Rieder Group (fibreC), Formglas Products Ltd, Betofiber Precast Sanayi Ve Ticaret A.S., Telling Architectural Systems Ltd, Chiltern GRC Ltd., DAKO GRC Sp. Z O.o., Frey-Fil Corporation |