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Glass Fiber Reinforced Concrete (GFRC) Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2016 - 2024

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Global GFRC Market: Overview

The global glass fiber reinforced concrete market (GFRC) is likely to gain significant momentum in the coming years, owing to the rising concerns about environment conservation. GFRC is produced using recycled and low toxicity raw materials including glass fibers, sand, cement, and water. They offer superior mechanical characteristics as compared to traditional building materials such as steel reinforced concrete (SRC). GFRC is durable, lightweight, and long lasting, thereby reducing the maintenance and transportation costs associated with its usage. The growing awareness regarding the advantages offered by this concrete is estimated to augur well for the growth of the global market.

The report provides an in-depth analysis of the various critical parameters of the global GFRC market. It presents a detailed description of the market dynamics including trends and opportunities. It serves as an essential source of analysis and information regarding the competitive landscape of the global GFRC market. It profiles the key companies operating in the market along with their business strategies, market shares, cost and revenue structure, and latest developments. It also takes into account a SWOT analysis that discloses the anticipated trajectory each key company will experience. For a coherent understanding, the report has segmented the market on the basis of various criteria including geography and application.

Global GFRC Market: Drivers and Restraints

The global GFRC market is primarily driven by the increasing emphasis on green buildings, which are rated by the Leadership in Energy and Environmental Design (LEED). The rising penetration in end-use industries is fuelling the market. Other factors such as rapid urbanization and flourishing growth of the construction sector in emerging economies are working in favor of the growth of the market.

Despite the numerous advantages offered by GFRC, its lower ductility as compared to SRC is limiting its widespread adoption. Moreover, the capital intensive research and development leads to the high final cost, which in turn is hampering the growth of the market. Nevertheless, the market looks bright in developing countries owing to increasing emphasis on GFRC structural insulated panels and fire-retardant building materials. Furthermore, the advent of new technologies are expected to reduce the cost of GFRC, thereby boosting its adoption in the near future.

Global GFRC Market: Regional Outlook

On the basis of geography, the global GFRC market can be segmented into North America, Asia Pacific, Latin America, Europe, and the Middle East and Africa. The Europe region is estimated to expand at a brisk pace over the forthcoming years, with the U.K. being a major revenue contributor. The growth of this region can be attributed to the rising environmental concerns and the robust growth of the construction industry. Asia Pacific and Latin America are likely to flourish owing to the increasing mining and construction activities and rising disposable income of consumers. The market for GFRC in North America is anticipated to expand at a promising rate in the near future.

Companies Mentioned in the Report:

In order to study the prevailing competition, the report also profiles some of the key players operating in the global GFRC market. Major participants in this space include BCM GRC Ltd., Domcrete GFRC Countertop Supplies, Betofiber A/S, Blue Concrete, CHENG Concrete, Fibrobeton Yapi Elemanlari, Fibrex Construction Group, Fishtone, Frey-Fil Corp., Formglas Products Ltd., GB Architectural Cladding Products Ltd., Glass Reinforced Concrete UK Ltd., Hard Rock Developments Inc., Loveld, Pennine Stone Ltd., Surecrete Design Products, and Telling Ltd.

The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.

The study is a source of reliable data on:

  • Market segments and sub-segments
  • Market trends and dynamics
  • Supply and demand
  • Market size
  • Current trends/opportunities/challenges
  • Competitive landscape
  • Technological breakthroughs
  • Value chain and stakeholder analysis

The regional analysis covers:

  • North America (U.S. and Canada)
  • Latin America (Mexico, Brazil, Peru, Chile, and others)
  • Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
  • Eastern Europe (Poland and Russia)
  • Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
  • Middle East and Africa (GCC, Southern Africa, and North Africa)

The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.

A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.

Highlights of the report:

  • A complete backdrop analysis, which includes an assessment of the parent market
  • Important changes in market dynamics
  • Market segmentation up to the second or third level
  • Historical, current, and projected size of the market from the standpoint of both value and volume
  • Reporting and evaluation of recent industry developments
  • Market shares and strategies of key players
  • Emerging niche segments and regional markets
  • An objective assessment of the trajectory of the market
  • Recommendations to companies for strengthening their foothold in the market   
     

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.


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