Overview and Scope
Glass fiber reinforced concrete refers to a composite material or plastic that has been strengthened with fibers consisting of tiny glass fibers such as fine sand, cement, polymer, water, other admixtures, and alkali-resistant (AR) fibers and is used to make structural concrete products that are both strong and lightweight, such as building panels, exterior building façade panels, and architectural precast concrete.
Sizing and Forecast
The glass fiber reinforced concrete market size has grown rapidly in recent years. It will grow from $3.51 billion in 2023 to $3.97 billion in 2024 at a compound annual growth rate (CAGR) of 13.2%. The growth in the historic period can be attributed to renovation and restoration projects, increased demand from the construction industry, rising demand from the residential sector, growing demand from the commercial sector, increased urbanization .
The glass fiber reinforced concrete market size is expected to see rapid growth in the next few years. It will grow to $6.65 billion in 2028 at a compound annual growth rate (CAGR) of 13.7%. The growth in the forecast period can be attributed to increasing preference for sustainable construction, growth in commercial construction, infrastructure investments, development of ultra-high-performance gfrc, growing demand for lightweight and durable construction materials. Major trends in the forecast period include 3d printing technology, customization and personalization, thin and lightweight panels, advancements in manufacturing techniques, integration of fiber optics and lighting.
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Segmentation & Regional Insights
The glass fiber reinforced concrete market covered in this report is segmented –
1) Glass Fiber Reinforced Concrete Market By Process: Spray, Premix, Hybrid
2) Glass Fiber Reinforced Concrete Market By Type: C30, C60, C100
3) Glass Fiber Reinforced Concrete Market By Application: Commercial Construction, Residential Construction, Civil & Other Infrastructure Construction
Top Major Players
Ultratech Cement Ltd.
Formglas Products Ltd.
Willis Construction Co. Inc.
Clark Pacific Corp.
Loveld UK Ltd.
North America was the largest region in the glass fiber reinforced concrete market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the glass fiber reinforced concrete market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
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Major Driver Impacting Market Growth
Increasing emphasis on green buildings is significantly driving the growth of the glass fiber-reinforced concrete market. Green building refers to the design, construction, and operation of structures that prioritize energy efficiency, resource conservation, sustainability, and environmental responsibility.Green buildings use glass fiber-reinforced concrete as a predominant option for sustainable construction. For example, according to the World Green Building Council, a US-based non-profit organization and global network of national Green Building Councils, by 2030, all new construction will have at least 40% less embodied carbon than existing structures, along with considerable upfront carbon reductions, and all new structures will have net zero operating carbon. Thus, significant emphasis on green buildings will invariably create huge demand for green fiber reinforced concrete and is expected to propel the growth of the glass fiber reinforced concrete market going forward.
Key Industry Players
Major companies operating in the glass fiber reinforced concrete market report are Ultratech Cement Ltd., Formglas Products Ltd., Willis Construction Co. Inc., Clark Pacific Corp., Loveld UK Ltd., Fibrex Construction Group LLC, Nanjing Beilida New Material System Engineering Co. Ltd., Low & Bonar India Pvt. Ltd., Stromberg Architectural Products Inc., Betofiber A. S., Bb Fiberbeton AS, BCM GRC Ltd., Blue Fox Concrete Products Private Limited, CHENG Concrete LLC, Fishstone Ltd., Frey-Fil Corporation, GB Architectural Cladding Products Ltd., Hard Rock Developments Ltd., Pennine Stone Ltd., Surecrete Design Products Inc., Glass Reinforced Concrete UK Ltd., Telling Ltd., Grass Roots Research & Creation India Ltd., BarChip Pty Ltd., CEMEX SAB de CV, Sika AG, N. V. Bekaert S. A., GCP Applied Technologies Inc., Modern Building Contracting Company, Blue Ridge Fiberboard Inc., Cast Supply Ltd., Cemrock Landscapes Inc., Concreteworks East Inc., Dura Art Stone Inc., Elite Crete Systems Inc., Envision Concrete Inc.
The glass fiber reinforced concrete market report table of contents includes:
1. Executive Summary
2. Glass Fiber Reinforced Concrete Market Characteristics
3. Glass Fiber Reinforced Concrete Market Trends And Strategies
4. Glass Fiber Reinforced Concrete Market – Macro Economic Scenario
5. Global Glass Fiber Reinforced Concrete Market Size and Growth
…..
32. Global Glass Fiber Reinforced Concrete Market Competitive Benchmarking
33. Global Glass Fiber Reinforced Concrete Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Glass Fiber Reinforced Concrete Market
35. Glass Fiber Reinforced Concrete Market Future Outlook and Potential Analysis
36. Appendix
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