Glass Fibre Reinforced Concrete (GFRC) Market Size and Share Outlook - Forecast Trends and Growth Analysis Report (2025-2034)
Description
The global market for glass fibre reinforced concrete (GFRC) reached a value of USD 3.32 Billion in 2024. The global glass fibre reinforced concrete (GFRC) market is expected to grow at a CAGR of 10.00% in the forecast period of 2025-2034, reaching a value of USD 8.61 Billion by 2034.
Sprayed Segment to Bolster the Growth of the Glass Fibre Reinforced Concrete (GFRC) Industry
Based on type, the sprayed segment accounts for a considerable share in the market, as sprayed GFRC bolsters construction activities by speeding up the pre- and post-construction processes. Sprayed GFRC increases bond-strength, reduces the construction time and money, and is highly efficient and precise.
Over the forecast period, the growing expansion of sprayed concrete association (SCA) is likely to propel the demand for sprayed GFRC in a wide variety of new constructions, underground constructions, strengthening and repair of structures, slop stabilisation, and water retaining structure construction. The segment’s growth will further be aided by the thriving construction industry in the emerging economies of the world.
North America Accounts for the Largest Share in the Market
The glass fibre reinforced concrete (GFRC) market in North America is driven by the rising demand for the product in the residential, commercial, and industrial construction sector, rising immigration, and increasing disposable income. The market is anticipated to be augmented by the expanding healthcare infrastructure in the United States and Canada. The rapid development of restaurants, resorts, hotels, and pubs, owing to the thriving travel and tourism industry in the region, is likely to boost the demand for GFRC in the forecast period.
Glass Fibre Reinforced Concrete (GFRC): Industry Definition and Segmentation
Glass fibre reinforced concrete (GFRC) is defined as a specialised form of concrete which contains fibrous materials, with combinations of cement, polymers, glass fibres, fine aggregates, and chemical admixtures. GFRC has considerably high tensile strength and high impact resistance.
Based on type, the market is segmented into:
The global glass fibre reinforced concrete (GFRC) market is driven by the rising applications of the product in the defence industry. This can be attributed to the growing investments towards constructing military headquarters owing to the geopolitical tensions between emerging economies.
Across the span of the forecast period, the rising demand for housing, recreational, and medical facilities for military bases is likely to propel the GFRC market. The market is anticipated to be aided by the growing demand for the product from the educational sector, owing to the rising investments aimed towards building schools and colleges.
Key Players in the Global Glass Fibre Reinforced Concrete (GFRC) Market
The report gives a detailed analysis of the following key players in the global market for glass fibre reinforced concrete, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:
Sprayed Segment to Bolster the Growth of the Glass Fibre Reinforced Concrete (GFRC) Industry
Based on type, the sprayed segment accounts for a considerable share in the market, as sprayed GFRC bolsters construction activities by speeding up the pre- and post-construction processes. Sprayed GFRC increases bond-strength, reduces the construction time and money, and is highly efficient and precise.
Over the forecast period, the growing expansion of sprayed concrete association (SCA) is likely to propel the demand for sprayed GFRC in a wide variety of new constructions, underground constructions, strengthening and repair of structures, slop stabilisation, and water retaining structure construction. The segment’s growth will further be aided by the thriving construction industry in the emerging economies of the world.
North America Accounts for the Largest Share in the Market
The glass fibre reinforced concrete (GFRC) market in North America is driven by the rising demand for the product in the residential, commercial, and industrial construction sector, rising immigration, and increasing disposable income. The market is anticipated to be augmented by the expanding healthcare infrastructure in the United States and Canada. The rapid development of restaurants, resorts, hotels, and pubs, owing to the thriving travel and tourism industry in the region, is likely to boost the demand for GFRC in the forecast period.
Glass Fibre Reinforced Concrete (GFRC): Industry Definition and Segmentation
Glass fibre reinforced concrete (GFRC) is defined as a specialised form of concrete which contains fibrous materials, with combinations of cement, polymers, glass fibres, fine aggregates, and chemical admixtures. GFRC has considerably high tensile strength and high impact resistance.
Based on type, the market is segmented into:
- Sprayed
- Premix
- Hybrids
- Architecture
- Cladding and Moldings
- Landscaping
- Foundations and Floors
- Roofing
- Walls and Windows
- Engineering
- Permanent Formwork
- Utilities and Water Management
- Bridges and Tunnels
- Defence
- Other
- North America, Europe
- Asia Pacific
- Latin America
- Middle East and Africa
The global glass fibre reinforced concrete (GFRC) market is driven by the rising applications of the product in the defence industry. This can be attributed to the growing investments towards constructing military headquarters owing to the geopolitical tensions between emerging economies.
Across the span of the forecast period, the rising demand for housing, recreational, and medical facilities for military bases is likely to propel the GFRC market. The market is anticipated to be aided by the growing demand for the product from the educational sector, owing to the rising investments aimed towards building schools and colleges.
Key Players in the Global Glass Fibre Reinforced Concrete (GFRC) Market
The report gives a detailed analysis of the following key players in the global market for glass fibre reinforced concrete, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:
- BarChip Pty Ltd.
- Chiltern GRC Ltd
- Formglas Products Ltd
- Pennine Stone Ltd
- Betofibre Yapi Elemanlari
- Others
Table of Contents
154 Pages
- 1 Executive Summary
- 1.1 Market Size 2024-2025
- 1.2 Market Growth 2025(F)-2034(F)
- 1.3 Key Demand Drivers
- 1.4 Key Players and Competitive Structure
- 1.5 Industry Best Practices
- 1.6 Recent Trends and Developments
- 1.7 Industry Outlook
- 2 Market Overview and Stakeholder Insights
- 2.1 Market Trends
- 2.2 Key Verticals
- 2.3 Key Regions
- 2.4 Supplier Power
- 2.5 Buyer Power
- 2.6 Key Market Opportunities and Risks
- 2.7 Key Initiatives by Stakeholders
- 3 Economic Summary
- 3.1 GDP Outlook
- 3.2 GDP Per Capita Growth
- 3.3 Inflation Trends
- 3.4 Democracy Index
- 3.5 Gross Public Debt Ratios
- 3.6 Balance of Payment (BoP) Position
- 3.7 Population Outlook
- 3.8 Urbanisation Trends
- 4 Country Risk Profiles
- 4.1 Country Risk
- 4.2 Business Climate
- 5 Global Glass Fibre Reinforced Concrete (GFRC) Market Analysis
- 5.1 Key Industry Highlights
- 5.2 Global Glass Fibre Reinforced Concrete (GFRC) Historical Market (2018-2024)
- 5.3 Global Glass Fibre Reinforced Concrete (GFRC) Market Forecast (2025-2034)
- 5.4 Global Glass Fibre Reinforced Concrete (GFRC) Market by Type
- 5.4.1 Sprayed
- 5.4.1.1 Historical Trend (2018-2024)
- 5.4.1.2 Forecast Trend (2025-2034)
- 5.4.2 Premix
- 5.4.2.1 Historical Trend (2018-2024)
- 5.4.2.2 Forecast Trend (2025-2034)
- 5.4.3 Hybrids
- 5.4.3.1 Historical Trend (2018-2024)
- 5.4.3.2 Forecast Trend (2025-2034)
- 5.5 Global Glass Fibre Reinforced Concrete (GFRC) Market by Application
- 5.5.1 Architecture
- 5.5.1.1 Historical Trend (2018-2024)
- 5.5.1.2 Forecast Trend (2025-2034)
- 5.5.1.3 Breakup by Type
- 5.5.1.3.1 Cladding and Mouldings
- 5.5.1.3.2 Landscaping
- 5.5.1.3.3 Foundations and Floors
- 5.5.1.3.4 Roofing
- 5.5.1.3.5 Walls and Windows
- 5.5.2 Engineering
- 5.5.2.1 Historical Trend (2018-2024)
- 5.5.2.2 Forecast Trend (2025-2034)
- 5.5.2.3 Breakup by Type
- 5.5.2.3.1 Permanent Formwork
- 5.5.2.3.2 Utilities and Water Management
- 5.5.2.3.3 Bridges and Tunnels
- 5.5.3 Defence
- 5.5.3.1 Historical Trend (2018-2024)
- 5.5.3.2 Forecast Trend (2025-2034)
- 5.5.4 Other
- 5.6 Global Glass Fibre Reinforced Concrete (GFRC) Market by Region
- 5.6.1 Market Share
- 5.6.1.1 North America
- 5.6.1.2 Europe
- 5.6.1.3 Asia Pacific
- 5.6.1.4 Latin America
- 5.6.1.5 Middle East and Africa
- 6 Regional Analysis
- 6.1 North America
- 6.1.1 Historical Trend (2018-2024)
- 6.1.2 Forecast Trend (2025-2034)
- 6.1.3 Breakup by Country
- 6.1.3.1 United States of America
- 6.1.3.2 Canada
- 6.2 Europe
- 6.2.1 Historical Trend (2018-2024)
- 6.2.2 Forecast Trend (2025-2034)
- 6.2.3 Breakup by Country
- 6.2.3.1 United Kingdom
- 6.2.3.2 Germany
- 6.2.3.3 France
- 6.2.3.4 Italy
- 6.2.3.5 Others
- 6.3 Asia Pacific
- 6.3.1 Historical Trend (2018-2024)
- 6.3.2 Forecast Trend (2025-2034)
- 6.3.2.1 Breakup by Country
- 6.3.2.2 China
- 6.3.2.3 Japan
- 6.3.2.4 India
- 6.3.2.5 ASEAN
- 6.3.2.6 Australia
- 6.3.2.7 Others
- 6.4 Latin America
- 6.4.1 Historical Trend (2018-2024)
- 6.4.2 Forecast Trend (2025-2034)
- 6.4.3 Breakup by Country
- 6.4.3.1 Brazil
- 6.4.3.2 Argentina
- 6.4.3.3 Mexico
- 6.4.3.4 Others
- 6.5 Middle East and Africa
- 6.5.1 Historical Trend (2018-2024)
- 6.5.2 Forecast Trend (2025-2034)
- 6.5.3 Breakup by Country
- 6.5.3.1 Saudi Arabia
- 6.5.3.2 United Arab Emirates
- 6.5.3.3 Nigeria
- 6.5.3.4 South Africa
- 6.5.3.5 Others
- 7 Market Dynamics
- 7.1 SWOT Analysis
- 7.1.1 Strengths
- 7.1.2 Weaknesses
- 7.1.3 Opportunities
- 7.1.4 Threats
- 7.2 Porter’s Five Forces Analysis
- 7.2.1 Supplier’s Power
- 7.2.2 Buyer’s Power
- 7.2.3 Threat of New Entrants
- 7.2.4 Degree of Rivalry
- 7.2.5 Threat of Substitutes
- 7.3 EMR’s Key Indicators for Demand
- 7.4 EMR’s Key Indicators for Price
- 8 Competitive Landscape
- 8.1 Supplier Selection
- 8.2 Key Global Players
- 8.3 Key Regional Players
- 8.4 Key Player Strategies
- 8.5 Company Profiles
- 8.5.1 BarChip Pty Ltd.
- 8.5.1.1 Company Overview
- 8.5.1.2 Product Portfolio
- 8.5.1.3 Demographic Reach and Achievements
- 8.5.1.4 Certifications
- 8.5.2 Chiltern GRC Ltd
- 8.5.2.1 Company Overview
- 8.5.2.2 Product Portfolio
- 8.5.2.3 Demographic Reach and Achievements
- 8.5.2.4 Certifications
- 8.5.3 Formglas Products Ltd
- 8.5.3.1 Company Overview
- 8.5.3.2 Product Portfolio
- 8.5.3.3 Demographic Reach and Achievements
- 8.5.3.4 Certifications
- 8.5.4 Pennine Stone Ltd
- 8.5.4.1 Company Overview
- 8.5.4.2 Product Portfolio
- 8.5.4.3 Demographic Reach and Achievements
- 8.5.4.4 Certifications
- 8.5.5 BetoFibre Yapi Elemanlari
- 8.5.5.1 Company Overview
- 8.5.5.2 Product Portfolio
- 8.5.5.3 Demographic Reach and Achievements
- 8.5.5.4 Certifications
- 8.5.6 Others
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