Glassfibre Reinforced Concrete (GRC) is a type of fiber-reinforced concrete. Glass fiber concretes are mainly used in exterior building façade panels and as architectural precast concrete. Somewhat similar materials are fiber cement siding and cement boards. Glassfibre Reinforced Concrete consists of high-strength, alkali-resistant glass fiber embedded in a concrete matrix.
Market Analysis and Insights: Global Glassfibre Reinforced Concrete Market
Due to the COVID-19 pandemic, the global Glassfibre Reinforced Concrete market size is estimated to be worth US$ million in 2022 and is forecast to a readjusted size of US$ million by 2028 with a CAGR of % during the forecast period 2022-2028. Fully considering the economic change by this health crisis, Spray Process accounting for % of the Glassfibre Reinforced Concrete global market in 2021, is projected to value US$ million by 2028, growing at a revised % CAGR from 2022 to 2028. While Commercial Construction segment is altered to an % CAGR throughout this forecast period.
The commercial construction application is projected to lead the GRC market during the forecast period, in terms of value and volume. The growth of the commercial construction application can be attributed to the increasing use of GRC in buildings, such as offices, institutes, hospitals, gymnasiums, cinema theatres, museums, and auditoriums.
Global Glassfibre Reinforced Concrete Market: Drivers and Restrains
The research report has incorporated the analysis of different factors that augment the market’s growth. It constitutes trends, restraints, and drivers that transform the market in either a positive or negative manner. This section also provides the scope of different segments and applications that can potentially influence the market in the future. The detailed information is based on current trends and historic milestones. This section also provides an analysis of the volume of production about the global market and about each type from 2017 to 2028. This section mentions the volume of production by region from 2017 to 2028. Pricing analysis is included in the report according to each type from the year 2017 to 2028, manufacturer from 2017 to 2022, region from 2017 to 2022, and global price from 2017 to 2028.
A thorough evaluation of the restrains included in the report portrays the contrast to drivers and gives room for strategic planning. Factors that overshadow the market growth are pivotal as they can be understood to devise different bends for getting hold of the lucrative opportunities that are present in the ever-growing market. Additionally, insights into market expert’s opinions have been taken to understand the market better.
Global Glassfibre Reinforced Concrete Market: Segment Analysis
The research report includes specific segments by region (country), by manufacturers, by Type and by Application. Each type provides information about the production during the forecast period of 2017 to 2028. by Application segment also provides consumption during the forecast period of 2017 to 2028. Understanding the segments helps in identifying the importance of different factors that aid the market growth.
Segment by Type
Spray Process
Premix Process
Hybrid Process
Segment by Application
Commercial Construction
Residential Construction
Civil & Other Infrastructure Construction
By Company
Ultratech Cement
Formglas Products
Willis Construction
Clark Pacific
Loveld
Fibrex
Betofiber
Stromberg Architectural
Bb Fiberbeton
Nanjing Beilida New Material System Engineering
Generale Prefabbricati
Bcm Grc Limited
Arabian Tile Company
Quattro Design Solutions
Glass Reinforced Concrete
Production by Region
North America
Europe
China
Japan
Consumption by Region
North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
India
Australia
Taiwan
Indonesia
Thailand
Malaysia
Philippines
Vietnam
Latin America
Mexico
Brazil
Argentina