Global Glass Fiber Reinforced Concrete Market-Industry Analysis and Forecast (2020-2027)- By Process, Application, and Region. The global glass fiber reinforced concrete market was evaluated at US$ 3.35 Bn in 2019 and
is
expected to reach 6.21 Bn by 2027, at a CAGR of 11.8% during a forecast period.
Enlargement in construction industries and intensifying demand for reinforced polymer as a substitute over steel reinforced concrete is expected to show constant growth for glass fiber reinforced concrete market in the coming years.
Market Definition:
Glass fiber reinforced concrete (GFRC) are composed of glass fibers, sand, cement, and water in order to provide high tensile strength, durability, fire resistance, electrical neutrality, chemical resistance, and thermal resistance. Owing to lightweight and long-lasting property of the product reduces maintenance and transportation price of the product.
The report study has analyzed the revenue impact of covid-19 pandemic on the sales revenue of market leaders, market followers, and disrupters in the report, and the same is reflected in our analysis.
Market Drivers and Restraints:
Outstanding unique properties and tensile strength of the material is extensively used in several applications including water and drainage activity, building renewal works, bridge and tunnel lining panels, architectural covering, soundproof and screens and others are furling the market growth in terms of value and volume. This reinforced concrete technology is becoming a prime choice of the end-user when it comes to unique designs. The global GFRC market is mainly propelled by the bending awareness and importance on green buildings manufacturing which in terms of rising environmental concern is another factor to push the market demand in the coming years. Emergence of end-use industries to invest in the market is further fuelling the market. Other factors such as rapid urbanization and booming growth of the construction division in evolving economies are employed in favour of the market growth. Additionally, speedy urbanization in developing economies and escalating adoption of GFRC in construction industries across the globe are other major factors expected to lift growth of the global GFRC market during forecast period.
Moreover, instability in raw material price and substitute for the materials are expected to hamper the market. Furthermore, high concentration of suppliers are expected to pull the market growth during the forecast period.
Glass Fiber Reinforced Concrete Market Segment analysis:
By the process segment, the spray GFRC sector is expected to dominate the glass fiber reinforced concrete market currently and in the future. Spray segments have registered the largest market share in the year 2019. Approximately, X.32% of the total market share is documented by spray. High demand of material because of visible properties includes definitive performance and litheness thus, product is generally utilised as in two-layer format, in which, the first layer is the face coat that has no fiber and thin layer, while the other layer has fiber and is sprayed with the equipment for instance, spray gun. On the other hand, availability of spray GFRC in different sizes as per consumer need are in favour of the market growth that will openly augment the FRP panels and sheets industry size in the coming years. Higher performance of the product as compared to other process in different productive application thriving the market demand form different sectors.
Glass Fiber Reinforced Concrete Market Regional Analysis:
Regionally, North America is expected to dominate the glass fiber reinforced concrete market and is expected to grow at a CAGR of XX % during the forecast period. Developed regions like the US and Canada are considered to be the major contributors for the glass fiber reinforced concrete market growth in the North America region. In 2019, the US market size was valued XX Bn and expected to increase by US$ XX Bn in the coming years. Fortunate regulatory development and support from government is expected to drive demand over the forecast period.
The Asia Pacific is estimated to grow at a significant CAGR in the glass fiber reinforced concrete market owing to rising infrastructure spending and growing per capita income in the developing economies including India, China, and Malaysia. Moreover, the presence of major vendors with number of applicants will help the regional market to expand.
The objective of the report is to present a comprehensive analysis of the Global Glass Fiber Reinforced Concrete Market including all the stakeholders of the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that includes market leaders, followers, and new entrants. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analysed, which will give a clear futuristic view of the industry to the decision-makers.
The report also helps in understanding Global Glass Fiber Reinforced Concrete Market dynamics, structure by analysing the market segments and project the Global Glass Fiber Reinforced Concrete Market size. Clear representation of competitive analysis of key players by Application, price, financial position, Product portfolio, growth strategies, and regional presence in the Global Glass Fiber Reinforced Concrete Market make the report investor’s guide. Scope of Glass Fiber Reinforced Concrete Market
Global Glass Fiber Reinforced Concrete market, By Process
• Spray • Premix • Hybrid Global Glass Fiber Reinforced Concrete market, By Application
• Architecture • Civil Construction • Engineering • Commercial • Residential • Building • Defense
• Others Global Glass Fiber Reinforced Concrete Market, By Region
• North America • Europe • Asia Pacific • Latin America • Middle East & Africa Key Players Operating the Glass Fiber Reinforced Concrete Market,
• GB Architectural Cladding Products Ltd • Fibrobeton Yapı Elemanları • Fibrex Construction Group BCM GRC Ltd • Glass Reinforced Concrete UK Ltd • Surecrete Design Products • Betofiber A.S • Blueconcrete • CHENG Concrete • Formglas Products Ltd • Fishstone • Frey-Fil Corporation • Loveld Nv • Pennine Stone Ltd • Telling Ltd • HUESKER • Low & Bonar • BarChip Pty Ltd • GRCUK Global Glass Fiber Reinforced Concrete Market Request for View Sample Report Page: @ https://www.maximizemarketresearch.com/request-sample/69180
About Us:
Maximize Market Research provides B2B and B2C market research on 20,000 high growth emerging technologies & opportunities in Chemical, Healthcare, Pharmaceuticals, Electronics & Communications, Internet of Things, Food and Beverages, Aerospace and Defense and other manufacturing sectors.</p>
Contact info: Name: Vikas Godage Organization: MAXIMIZE MARKET RESEARCH PVT. LTD. Email: sales@maximizemarketresearch.com Contact: +919607065656 / +919607195908 Website:www.maximizemarketresearch.com