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Glass Fibre Reinforced Concrete (GFRC) Market Report and Forecast 2023-2028

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    Report

  • 178 Pages
  • September 2023
  • Region: Global
  • Expert Market Research
  • ID: 5878858
According to the report, the global glass fibre reinforced concrete (GFRC) market is projected to grow at a CAGR of 10% between 2023 and 2028. Aided by the rising demand for durable and lightweight construction materials and the increasing applications of GFRC in various sectors, the market is expected to grow significantly by 2028.

Glass Fibre Reinforced Concrete (GFRC) is a high-strength composite material made of cement, glass fibres, aggregates, and water. It offers multiple benefits, including excellent durability, lighter weight compared to traditional concrete, and great flexibility in design. Furthermore, GFRC has superior resistance to weathering, cracking, and catastrophic failure, making it an attractive choice in various construction projects, including commercial buildings, residential homes, civil and infrastructure constructions.

The global glass fibre reinforced concrete (GFRC) market growth is primarily driven by the increasing consumer preference for durable and lightweight construction materials. With the mounting awareness of the advantages of using lightweight and strong materials in construction, there has been a significant shift towards the use of GFRC, leading to a surge in demand for GFRC-based products. Additionally, the trend towards sustainable and green construction has further contributed to the rising popularity of GFRC, as it is made of sustainable materials and possesses excellent energy efficiency.

The expanding applications of GFRC in different sectors are also significantly propelling the glass fibre reinforced concrete (GFRC) market expansion. In the commercial industry, GFRC is used in the construction of buildings due to its excellent strength-to-weight ratio, design flexibility, and durability. The residential sector utilises GFRC in various applications, from exterior façades to landscaping elements, owing to its versatility and aesthetics.

Further, technological advancements and continuous product innovation play a critical role in boosting the glass fibre reinforced concrete (GFRC) market development. Developments such as the integration of nanomaterials and the use of advanced manufacturing techniques have improved the performance characteristics of GFRC, including its strength and durability. These innovations are expected to attract more users and stimulate market growth.

Finally, the growing demand for fire-resistant construction materials in the building and construction industry has led to an increased focus on GFRC as a viable solution. With the rise in stringent building codes and the increasing emphasis on safety, GFRC has emerged as a critical material in the formulation of fire-resistant construction products, thereby boosting the glass fibre reinforced concrete (GFRC) market expansion.

Market Segmentation

The market can be divided based on material type, application, and region.

Market Breakup by Material Type

  • Sprayed
  • Premix
  • Hybrids

Market Breakup by Application

Architecture

  • Cladding and Mouldings
  • Landscaping
  • Foundations and Floors
  • Roofing
  • Walls and Windows

Engineering

  • Permanent Formwork
  • Utilities and Water Management
  • Bridges and Tunnels
  • Defence
  • Others

Market Breakup by Region

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East and Africa

Competitive Landscape

The report looks into the market shares, plant turnarounds, capacities, investments, and acquisitions and mergers, among other major developments, of the global glass fibre reinforced concrete (GFRC) companies. Some of the major key players explored in the report are as follows:
  • BarChip Pty Ltd.
  • Chiltern GRC Ltd
  • Formglas Products Ltd
  • Pennine Stone Ltd
  • BetoFibre Yapi Elemanlari
  • Others

About the Publisher

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*The publisher always strives to provide you with the latest information. The numbers in the article are only indicative and may be different from the actual report.

Table of Contents

1 Preface2 Report Coverage - Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Snapshot
6.1 Global
6.2 Regional
7 Industry Opportunities and Challenges
8 Global Glass Fibre Reinforced Concrete (GFRC) Market Analysis
8.1 Key Industry Highlights
8.2 Global Glass Fibre Reinforced Concrete (GFRC) Historical Market (2018-2022)
8.3 Global Glass Fibre Reinforced Concrete (GFRC) Market Forecast (2023-2028)
8.4 Global Glass Fibre Reinforced Concrete (GFRC) Market by Type
8.4.1 Sprayed
8.4.1.1 Market Share
8.4.1.2 Historical Trend (2018-2022)
8.4.1.3 Forecast Trend (2023-2028)
8.4.2 Premix
8.4.2.1 Market Share
8.4.2.2 Historical Trend (2018-2022)
8.4.2.3 Forecast Trend (2023-2028)
8.4.3 Hybrids
8.4.3.1 Market Share
8.4.3.2 Historical Trend (2018-2022)
8.4.3.3 Forecast Trend (2023-2028)
8.5 Global Glass Fibre Reinforced Concrete (GFRC) Market by Application
8.5.1 Architecture
8.5.1.1 Market Share
8.5.1.2 Historical Trend (2018-2022)
8.5.1.3 Forecast Trend (2023-2028)
8.5.1.4 Breakup by Type
8.5.1.4.1 Cladding and Mouldings
8.5.1.4.2 Landscaping
8.5.1.4.3 Foundations and Floors
8.5.1.4.4 Roofing
8.5.1.4.5 Walls and Windows
8.5.2 Engineering
8.5.2.1 Market Share
8.5.2.2 Historical Trend (2018-2022)
8.5.2.3 Forecast Trend (2023-2028)
8.5.2.4 Breakup by Type
8.5.2.4.1 Permanent Formwork
8.5.2.4.2 Utilities and Water Management
8.5.2.4.3 Bridges and Tunnels
8.5.3 Defence
8.5.3.1 Market Share
8.5.3.2 Historical Trend (2018-2022)
8.5.3.3 Forecast Trend (2023-2028)
8.5.4 Other
8.6 Global Glass Fibre Reinforced Concrete (GFRC) Market by Region
8.6.1 Market Share
8.6.1.1 North America
8.6.1.2 Europe
8.6.1.3 Asia Pacific
8.6.1.4 Latin America
8.6.1.5 Middle East and Africa
9 Regional Analysis
9.1 North America
9.1.1 Historical Trend (2018-2022)
9.1.2 Forecast Trend (2023-2028)
9.1.3 Breakup by Country
9.1.3.1 United States of America
9.1.3.2 Canada
9.2 Europe
9.2.1 Historical Trend (2018-2022)
9.2.2 Forecast Trend (2023-2028)
9.2.3 Breakup by Country
9.2.3.1 United Kingdom
9.2.3.2 Germany
9.2.3.3 France
9.2.3.4 Italy
9.2.3.5 Others
9.3 Asia Pacific
9.3.1 Historical Trend (2018-2022)
9.3.2 Forecast Trend (2023-2028)
9.3.2.1 Breakup by Country
9.3.2.2 China
9.3.2.3 Japan
9.3.2.4 India
9.3.2.5 ASEAN
9.3.2.6 Australia
9.3.2.7 Others
9.4 Latin America
9.4.1 Historical Trend (2018-2022)
9.4.2 Forecast Trend (2023-2028)
9.4.3 Breakup by Country
9.4.3.1 Brazil
9.4.3.2 Argentina
9.4.3.3 Mexico
9.4.3.4 Others
9.5 Middle East and Africa
9.5.1 Historical Trend (2018-2022)
9.5.2 Forecast Trend (2023-2028)
9.5.3 Breakup by Country
9.5.3.1 Saudi Arabia
9.5.3.2 United Arab Emirates
9.5.3.3 Nigeria
9.5.3.4 South Africa
9.5.3.5 Others
10 Market Dynamics
10.1 SWOT Analysis
10.1.1 Strengths
10.1.2 Weaknesses
10.1.3 Opportunities
10.1.4 Threats
10.2 Porter’s Five Forces Analysis
10.2.1 Supplier’s Power
10.2.2 Buyer’s Power
10.2.3 Threat of New Entrants
10.2.4 Degree of Rivalry
10.2.5 Threat of Substitutes
10.3 EMR’s Key Indicators for Demand
10.4 EMR’s Key Indicators for Price
11 Competitive Landscape
11.1 Market Structure
11.2 Company Profiles
11.2.1 BarChip Pty Ltd.
11.2.1.1 Company Overview
11.2.1.2 Product Portfolio
11.2.1.3 Demographic Reach and Achievements
11.2.1.4 Certifications
11.2.2 Chiltern GRC Ltd
11.2.2.1 Company Overview
11.2.2.2 Product Portfolio
11.2.2.3 Demographic Reach and Achievements
11.2.2.4 Certifications
11.2.3 Formglas Products Ltd
11.2.3.1 Company Overview
11.2.3.2 Product Portfolio
11.2.3.3 Demographic Reach and Achievements
11.2.3.4 Certifications
11.2.4 Pennine Stone Ltd
11.2.4.1 Company Overview
11.2.4.2 Product Portfolio
11.2.4.3 Demographic Reach and Achievements
11.2.4.4 Certifications
11.2.5 BetoFibre Yapi Elemanlari
11.2.5.1 Company Overview
11.2.5.2 Product Portfolio
11.2.5.3 Demographic Reach and Achievements
11.2.5.4 Certifications
11.2.6 Others
12 Industry Events and Developments

Companies Mentioned

  • BarChip Pty Ltd.
  • Chiltern GRC Ltd
  • Formglas Products Ltd
  • Pennine Stone Ltd
  • BetoFibre Yapi Elemanlari

Methodology

Table Information

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