The GFRC market is projected to grow at a CAGR of 10.5% from 2018 to 2023, in terms of value.
Based on process, the spray process segment is projected to lead the GFRC market during the forecast period, in terms of value and volume.
The spray process is a cost-effective solution to produce large area elements, such as claddings, facades, wall panels, and so on. It is the predominant process used in the production of GFRC. The increase in the demand for GFRC in the commercial construction application is expected to lead to an increase in the demand for spray GFRC during the forecast period.
The residential construction application of the GFRC market is projected to grow at the highest CAGR during the forecast period, in terms of value and volume .
GFRC manufacturers are increasingly focusing on the development of GFRC for residential construction, such as kitchen countertops, columns & capitals, roof cladding, wall panels, balusters, and so on. The increasing demand for light-weight, fire & weather resistant, and design flexible building materials for the residential construction sector is projected to drive the residential construction application segment of the market.
The GFRC market in the APAC region is projected to grow at the highest CAGR between 2018 and 2023, in terms of value and volume.
The GFRC market in the APAC region is projected to grow at the highest CAGR during the forecast period, in terms of value and volume. This growth can be attributed to the increasing demand for GFRC from the commercial and residential construction applications in APAC countries. Initiatives undertaken by governments of various APAC countries to promote the development of smart cities are also contributing to the growth of the GFRC market in the APAC region.
In the process of determining and verifying the market size for several segments and subsegments gathered through secondary research, extensive primary interviews have been conducted as follows:
- By Company Type- Tier 1 - 35%, Tier 2 - 25%, and Tier 3 - 40%
- By Designation- C level - 30%, Director level - 25%, and Others - 45%
- By Region- Asia Pacific - 30%, North America - 30%, Europe - 25%, Latin America - 5%, and Middle East & Africa - 10%
This report provides a comprehensive analysis of the key companies listed below:
- Ultratech Cement Ltd. (India)
- Formglas Products Ltd. (Canada)
- Willis Construction Co., Inc. (US)
- Clark Pacific (US)
- Loveld (Belgium)
- Fibrex (UAE)
- Betofiber A.S. (Turkey)
- Nanjing Beilida New Material System Engineering Co., Ltd. (China)
- Stromberg Architectural (US)
- BB Fiberbeton (Denmark)
Research Coverage:
This report covers the GFRC market and forecasts the size of the market till 2023. The report includes the segmentation of the GFRC market based on process, application, and region. Porter’s Five Forces analysis and key market dynamics, such as drivers, restraints, challenges, and opportunities influencing the growth of the GFRC market have been discussed in the report. The report also provides company profiles of major players operating in the GFRC market.
The report is expected to help market leaders/new entrants in the GFRC market in the following ways:
- This report segments the GFRC market and provides the closest approximations of revenues for the overall market and its subsegments across different verticals and regions.
- The report helps stakeholders understand the pulse of the market and provides information on key drivers, restraints, challenges, and opportunities for the GFRC market.
- This report is also expected to help stakeholders understand their competitors and gain insights to improve their positions in the GFRC market. The competitive landscape section includes an ecosystem of competitors and detailed information on new product developments, expansions & investments, agreements/contracts, and mergers & acquisitions.
Table of Contents
1 Introduction
2 Research Methodology
4 Premium Insights
5 Market Overview
6 Macroeconomic Overview and Key Trends
7 GFRC Market, By Process
8 GFRC Market, By Application
9 GFRC Market, By Region
10 Company Profiles
11 Appendix
List of Tables:
List of Figures:
Samples
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Companies Mentioned
- Ultratech Cement Ltd.
- Formglas Products Ltd.
- Willis Construction Co. Inc.
- Clark Pacific
- Loveld
- Fibrex
- Betofiber A.S.
- Stromberg Architectural
- Bb Fiberbeton
- Nanjing Beilida New Material System Engineering Co., Ltd.
- Generale Prefabbricati S.P.A.
- Bcm Grc Limited
- Arabian Tile Company Ltd.
- Quattro Design Solutions
- Glass Reinforced Concrete UK Ltd
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 111 |
| Published | June 2018 |
| Forecast Period | 2018 - 2023 |
| Estimated Market Value ( USD | $ 2.01 billion |
| Forecasted Market Value ( USD | $ 3.32 billion |
| Compound Annual Growth Rate | 10.6% |
| Regions Covered | Global |
| No. of Companies Mentioned | 15 |
