Glass Fiber Reinforced Concrete (GFRC) Market

NEW YORK, May 17, 2022 /PRNewswire/ -- The global glass fiber reinforced concrete (GFRC) market size is expected to grow by USD 600.55 million from 2021 to 2026 at a CAGR of 6.16% as per the latest market report by Technavio. 41% of the market's growth will originate from North America during the forecast period. US and Canada are the key markets for glass fiber reinforced concrete (GFRC) in North America. Market growth in this region will be faster than the growth of the market in South America and MEA. The significant increase in the demand for GFRC in construction, transportation, and electronics and electrical industries will facilitate the glass fiber reinforced concrete (GFRC) market growth in North America over the forecast period.

For more insights on the market share of various regions - Download a sample report in MINUTES

Read the 120-page report with TOC on "Glass Fiber Reinforced Concrete (GFRC) Market Analysis Report by Application (Commercial construction, Residential construction, and Civil and other infrastructure construction) and Geography (North America, Europe, APAC, South America, and Middle East and Africa), and the Segment Forecasts,2022-2026". Gain competitive intelligence about market leaders. Track key industry opportunities, trends and threats. Information on marketing, brand, strategy and market development, sales, and supply functions. https://www.technavio.com/report/report/glass-fiber-reinforced-concrete-gfrc-market-industry-analysis

Glass Fiber Reinforced Concrete (GFRC) Market: Drivers & Trends

The key factor driving the global glass fiber reinforced concrete (GFRC) market growth is the reduced construction time and cost. Reduction in time also results in a reduction of human labor, which leads to cost-saving. Unlike cast-in-situ construction, precast uses fewer resources such as cement, fiber reinforcement, water, energy, and human labor, thereby generating less waste in the factory and construction sites. Precast construction allows parts of an entire building to be made even before the completion of the foundation for the same. Improved quality and productivity, shortened construction time, and reduced waste generation makes this type of construction method cheaper, making it preferable for end-users. Such factors will drive the growth of the market focus during the forecast period.

Also, the increased use of GFRC in the construction industry is one of the key GFRC market trends that is expected to impact the industry positively in the forecast period. The following key factors drive the growth in investments made in the residential sector:

• Demographics: Countries having a youth population in the majority will generate more demand for housing units. For instance, countries such as Malaysia, with most of its population aged between 16 and 60 years, will create a demand for numerous housing units in the coming years due to rapid urbanization.
• Economy: In broad terms, if the nation's economy is slow, the global real estate business will follow suit in that country.
• Government policies: Government incentives or subsidies temporarily boost the global real estate business. The reduction in tax credits helps to increase the customer's confidence in the sector.

To know about other drivers, trends along with challenges - Download a sample now!

Some of the key Glass Fiber Reinforced Concrete (GFRC) Players:

The glass fiber reinforced concrete (GFRC) market is fragmented and the vendors are deploying organic and inorganic growth strategies to compete in the market.

• ASAHI BUILDING-WALL Co. Ltd
• BarChip Pty Ltd.
• BCM GRC Ltd.
• Chiltern GRC Ltd.
• Dalian Shantai New Industrial Co. Ltd.
• Domcrete GFRC Countertop Supplies
• Fibrobeton Yapi Elemanlari
• Fishstone Studio Inc.
• Formglas Products Ltd.
• GB Architectural Cladding Products Ltd.
• Glass Reinforced Concrete UK Ltd.
• Pennine Stone Ltd.
• Shanghai Zhuoou Building Decoration Engineering Co. Ltd.
• Smooth On Inc.
• SureCrete Design Products
• Ibstock Telling
• Betofiber AS

Glass Fiber Reinforced Concrete (GFRC) Market: Segmentation Analysis

Application Outlook (Revenue, USD mn, 2021-2026)

• Commercial construction - size and forecast 2021-2026
• Residential construction - size and forecast 2021-2026
• Civil and other infrastructure construction - size and forecast 2021-2026

 Geography Outlook (Revenue, USD mn, 2021-2026)

• North America - size and forecast 2021-2026
• Europe - size and forecast 2021-2026
• APAC - size and forecast 2021-2026
• South America - size and forecast 2021-2026
• Middle East and Africa - size and forecast 2021-2026

To know about the market contribution of each segment -Grab an Exclusive Sample Report

The competitive scenario provided in the glass fiber reinforced concrete (GFRC) market report analyzes, evaluates, and positions companies based on various performance indicators. Some of the factors considered for this analysis include the financial performance of companies over the past few years, growth strategies, product innovations, new product launches, investments, growth in market share, etc.Don't wait, Make a strategic approach & boost your business goals with our glass fiber reinforced concrete (GFRC) market Forecast Report - Buy Now!

Related Reports:

• The coated flat glass market size is projected to reach an estimated value of USD 21.80 billion by 2026 at a CAGR of 7.31%. Download a sample now!
• The ceramic tiles market share in Turkey is expected to surge to USD 598.59 million by 2026 at an accelerating CAGR of 5%. Download a sample now!

Table of Content

1 Executive Summary

• 1.1 Market overview
• Exhibit 01: Executive Summary – Chart on Market Overview
• Exhibit 02: Executive Summary – Data Table on Market Overview
• Exhibit 03: Executive Summary – Chart on Global Market Characteristics
• Exhibit 04: Executive Summary – Chart on Market by Geography
• Exhibit 05: Executive Summary – Chart on Market Segmentation by Application
• Exhibit 06: Executive Summary – Chart on Incremental Growth
• Exhibit 07: Executive Summary – Data Table on Incremental Growth
• Exhibit 08: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

• 2.1 Market ecosystem
• Exhibit 09: Parent market
• Exhibit 10: Market Characteristics

3 Market Sizing

• 3.1 Market definition
• Exhibit 11: Offerings of vendors included in the market definition

• 3.2 Market segment analysis
• Exhibit 12: Market segments

• 3.3 Market size 2021

• 3.4 Market outlook: Forecast for 2021-2026
• Exhibit 13: Chart on Global - Market size and forecast 2021-2026 ($ million)
• Exhibit 14: Data Table on Global - Market size and forecast 2021-2026 ($ million)
• Exhibit 15: Chart on Global Market: Year-over-year growth 2021-2026 (%)
• Exhibit 16: Data Table on Global Market: Year-over-year growth 2021-2026 (%)

4 Five Forces Analysis

• 4.1 Five forces summary
• Exhibit 17: Five forces analysis - Comparison between 2021 and 2026

• 4.2 Bargaining power of buyers
• Exhibit 18: Chart on Bargaining power of buyers – Impact of key factors 2021 and 2026

• 4.3 Bargaining power of suppliers
• Exhibit 19: Bargaining power of suppliers – Impact of key factors in 2021 and 2026

• 4.4 Threat of new entrants
• Exhibit 20: Threat of new entrants – Impact of key factors in 2021 and 2026

• 4.5 Threat of substitutes
• Exhibit 21: Threat of substitutes – Impact of key factors in 2021 and 2026

• 4.6 Threat of rivalry
• Exhibit 22: Threat of rivalry – Impact of key factors in 2021 and 2026

• 4.7 Market condition
• Exhibit 23: Chart on Market condition - Five forces 2021 and 2026

5 Market Segmentation by Application

• 5.1 Market segments
• Exhibit 24: Chart on Application - Market share 2021-2026 (%)
• Exhibit 25: Data Table on Application - Market share 2021-2026 (%)

• 5.2 Comparison by Application
• Exhibit 26: Chart on Comparison by Application
• Exhibit 27: Data Table on Comparison by Application

• 5.3 Commercial construction - Market size and forecast 2021-2026
• Exhibit 28: Chart on Commercial construction - Market size and forecast 2021-2026 ($ million)
• Exhibit 29: Data Table on Commercial construction - Market size and forecast 2021-2026 ($ million)
• Exhibit 30: Chart on Commercial construction - Year-over-year growth 2021-2026 (%)
• Exhibit 31: Data Table on Commercial construction - Year-over-year growth 2021-2026 (%)

• 5.4 Residential construction - Market size and forecast 2021-2026
• Exhibit 32: Chart on Residential construction - Market size and forecast 2021-2026 ($ million)
• Exhibit 33: Data Table on Residential construction - Market size and forecast 2021-2026 ($ million)
• Exhibit 34: Chart on Residential construction - Year-over-year growth 2021-2026 (%)
• Exhibit 35: Data Table on Residential construction - Year-over-year growth 2021-2026 (%)

• 5.5 Civil and other infrastructure construction - Market size and forecast 2021-2026
• Exhibit 36: Chart on Civil and other infrastructure construction - Market size and forecast 2021-2026 ($ million)
• Exhibit 37: Data Table on Civil and other infrastructure construction - Market size and forecast 2021-2026 ($ million)
• Exhibit 38: Chart on Civil and other infrastructure construction - Year-over-year growth 2021-2026 (%)
• Exhibit 39: Data Table on Civil and other infrastructure construction - Year-over-year growth 2021-2026 (%)

• 5.6 Market opportunity by Application
• Exhibit 40: Market opportunity by Application ($ million)

6 Customer Landscape

• 6.1 Customer landscape overview
• Exhibit 41: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

7 Geographic Landscape

• 7.1 Geographic segmentation
• Exhibit 42: Chart on Market share by geography 2021-2026 (%)
• Exhibit 43: Data Table on Market share by geography 2021-2026 (%)

• 7.2 Geographic comparison
• Exhibit 44: Chart on Geographic comparison
• Exhibit 45: Data Table on Geographic comparison

• 7.3 North America - Market size and forecast 2021-2026
• Exhibit 46: Chart on North America - Market size and forecast 2021-2026 ($ million)
• Exhibit 47: Data Table on North America - Market size and forecast 2021-2026 ($ million)
• Exhibit 48: Chart on North America - Year-over-year growth 2021-2026 (%)
• Exhibit 49: Data Table on North America - Year-over-year growth 2021-2026 (%)

• 7.4 Europe - Market size and forecast 2021-2026
• Exhibit 50: Chart on Europe - Market size and forecast 2021-2026 ($ million)
• Exhibit 51: Data Table on Europe - Market size and forecast 2021-2026 ($ million)
• Exhibit 52: Chart on Europe - Year-over-year growth 2021-2026 (%)
• Exhibit 53: Data Table on Europe - Year-over-year growth 2021-2026 (%)

• 7.5 APAC - Market size and forecast 2021-2026
• Exhibit 54: Chart on APAC - Market size and forecast 2021-2026 ($ million)
• Exhibit 55: Data Table on APAC - Market size and forecast 2021-2026 ($ million)
• Exhibit 56: Chart on APAC - Year-over-year growth 2021-2026 (%)
• Exhibit 57: Data Table on APAC - Year-over-year growth 2021-2026 (%)

• 7.6 South America - Market size and forecast 2021-2026
• Exhibit 58: Chart on South America - Market size and forecast 2021-2026 ($ million)
• Exhibit 59: Data Table on South America - Market size and forecast 2021-2026 ($ million)
• Exhibit 60: Chart on South America - Year-over-year growth 2021-2026 (%)
• Exhibit 61: Data Table on South America - Year-over-year growth 2021-2026 (%)

• 7.7 Middle East and Africa - Market size and forecast 2021-2026
• Exhibit 62: Chart on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
• Exhibit 63: Data Table on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
• Exhibit 64: Chart on Middle East and Africa - Year-over-year growth 2021-2026 (%)
• Exhibit 65: Data Table on Middle East and Africa - Year-over-year growth 2021-2026 (%)

• 7.8 US - Market size and forecast 2021-2026
• Exhibit 66: Chart on US - Market size and forecast 2021-2026 ($ million)
• Exhibit 67: Data Table on US - Market size and forecast 2021-2026 ($ million)
• Exhibit 68: Chart on US - Year-over-year growth 2021-2026 (%)
• Exhibit 69: Data Table on US - Year-over-year growth 2021-2026 (%)

• 7.9 China - Market size and forecast 2021-2026
• Exhibit 70: Chart on China - Market size and forecast 2021-2026 ($ million)
• Exhibit 71: Data Table on China - Market size and forecast 2021-2026 ($ million)
• Exhibit 72: Chart on China - Year-over-year growth 2021-2026 (%)
• Exhibit 73: Data Table on China - Year-over-year growth 2021-2026 (%)

• 7.10 Germany - Market size and forecast 2021-2026
• Exhibit 74: Chart on Germany - Market size and forecast 2021-2026 ($ million)
• Exhibit 75: Data Table on Germany - Market size and forecast 2021-2026 ($ million)
• Exhibit 76: Chart on Germany - Year-over-year growth 2021-2026 (%)
• Exhibit 77: Data Table on Germany - Year-over-year growth 2021-2026 (%)

• 7.11 Canada - Market size and forecast 2021-2026
• Exhibit 78: Chart on Canada - Market size and forecast 2021-2026 ($ million)
• Exhibit 79: Data Table on Canada - Market size and forecast 2021-2026 ($ million)
• Exhibit 80: Chart on Canada - Year-over-year growth 2021-2026 (%)
• Exhibit 81: Data Table on Canada - Year-over-year growth 2021-2026 (%)

• 7.12 UK - Market size and forecast 2021-2026
• Exhibit 82: Chart on UK - Market size and forecast 2021-2026 ($ million)
• Exhibit 83: Data Table on UK - Market size and forecast 2021-2026 ($ million)
• Exhibit 84: Chart on UK - Year-over-year growth 2021-2026 (%)
• Exhibit 85: Data Table on UK - Year-over-year growth 2021-2026 (%)

• 7.13 Market opportunity by geography
• Exhibit 86: Market opportunity by geography ($ million)

8 Drivers, Challenges, and Trends

• 8.1 Market drivers

• 8.2 Market challenges

• 8.3 Impact of drivers and challenges
• Exhibit 87: Impact of drivers and challenges in 2021 and 2026

• 8.4 Market trends

9 Vendor Landscape

• 9.1 Overview

• 9.2 Vendor landscape
• Exhibit 88: Overview on Criticality of inputs and Factors of differentiation

• 9.3 Landscape disruption
• Exhibit 89: Overview on factors of disruption

• 9.4 Industry risks
• Exhibit 90: Impact of key risks on business

10 Vendor Analysis

• 10.1 Vendors covered
• Exhibit 91: Vendors covered

• 10.2 Market positioning of vendors
• Exhibit 92: Matrix on vendor position and classification

• 10.3 ASAHI BUILDING-WALL Co. Ltd
• Exhibit 93: ASAHI BUILDING-WALL Co. Ltd - Overview
• Exhibit 94: ASAHI BUILDING-WALL Co. Ltd - Product / Service
• Exhibit 95: ASAHI BUILDING-WALL Co. Ltd - Key offerings

• 10.4 BCM GRC Ltd.
• Exhibit 96: BCM GRC Ltd. - Overview
• Exhibit 97: BCM GRC Ltd. - Product / Service
• Exhibit 98: BCM GRC Ltd. - Key offerings

• 10.5 Betofiber AS
• Exhibit 99: Betofiber AS - Overview
• Exhibit 100: Betofiber AS - Product / Service
• Exhibit 101: Betofiber AS - Key offerings

• 10.6 Domcrete GFRC Countertop Supplies
• Exhibit 102: Domcrete GFRC Countertop Supplies - Overview
• Exhibit 103: Domcrete GFRC Countertop Supplies - Product / Service
• Exhibit 104: Domcrete GFRC Countertop Supplies - Key offerings

• 10.7 Fibrobeton Yapi Elemanlari
• Exhibit 105: Fibrobeton Yapi Elemanlari - Overview
• Exhibit 106: Fibrobeton Yapi Elemanlari - Product / Service
• Exhibit 107: Fibrobeton Yapi Elemanlari - Key offerings

• 10.8 Fishstone Studio Inc.
• Exhibit 108: Fishstone Studio Inc. - Overview
• Exhibit 109: Fishstone Studio Inc. - Product / Service
• Exhibit 110: Fishstone Studio Inc. - Key offerings

• 10.9 Formglas Products Ltd.
• Exhibit 111: Formglas Products Ltd. - Overview
• Exhibit 112: Formglas Products Ltd. - Product / Service
• Exhibit 113: Formglas Products Ltd. - Key offerings

• 10.10 GB Architectural Cladding Products Ltd.
• Exhibit 114: GB Architectural Cladding Products Ltd. - Overview
• Exhibit 115: GB Architectural Cladding Products Ltd. - Product / Service
• Exhibit 116: GB Architectural Cladding Products Ltd. - Key offerings

• 10.11 Glass Reinforced Concrete UK Ltd.
• Exhibit 117: Glass Reinforced Concrete UK Ltd. - Overview
• Exhibit 118: Glass Reinforced Concrete UK Ltd. - Product / Service
• Exhibit 119: Glass Reinforced Concrete UK Ltd. - Key offerings

• 10.12 Smooth On Inc.
• Exhibit 120: Smooth On Inc. - Overview
• Exhibit 121: Smooth On Inc. - Product / Service
• Exhibit 122: Smooth On Inc. - Key offerings

11 Appendix

• 11.1 Scope of the report

• 11.2 Inclusions and exclusions checklist
• Exhibit 123: Inclusions checklist
• Exhibit 124: Exclusions checklist

• 11.3 Currency conversion rates for US$
• Exhibit 125: Currency conversion rates for US$

• 11.4 Research methodology
• Exhibit 126: Research methodology
• Exhibit 127: Validation techniques employed for market sizing
• Exhibit 128: Information sources

• 11.5 List of abbreviations
• Exhibit 129: List of abbreviations

About Technavio
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.