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Glass Fiber Reinforced Concrete (GFRC) Market by Process (Spray, Premix, and Hybrid), Application (Commercial construction, Residential Construction and Civil & Other Infrastructure Construction), and Region - Global Forecast to 2023

Glass Fiber Reinforced Concrete (GFRC) Market by Process (Spray, Premix, and Hybrid), Application (Commercial construction, Residential Construction and Civil & Other Infrastructure Construction), and Region - Global Forecast to 2023

The GFRC market is projected to grow at a CAGR of 10.5% from 2018 to 2023, in terms of value
The GFRC market is estimated at USD 2.01 billion in 2018 and is projected to reach USD 3.32 billion by 2023, at a CAGR of 10.5% between 2018 and 2023. The increasing demand for GFRC in building & construction projects is one of the significant factors projected to drive the GFRC market. Superior properties of GFRC, such as fire & weather resistance, design flexibility, dimensional stability, ease of handling, light-weight, and rapid installation are also contributing to the growth of the GFRC market. Need for speed in construction and cost and upsurge in demand for non-corrosive materials are some of the factors driving the demand for GFRC. However, economic downturns in major regions are restraining the growth of the GFRC market.

Based on process, the spray process segment is projected to lead the GFRC market during the forecast period, in terms of value and volume
The spray process is a cost-effective solution to produce large area elements, such as claddings, facades, wall panels, and so on. It is the predominant process used in the production of GFRC. The increase in the demand for GFRC in the commercial construction application is expected to lead to an increase in the demand for spray GFRC during the forecast period.

The residential construction application of the GFRC market is projected to grow at the highest CAGR during the forecast period, in terms of value and volume
GFRC manufacturers are increasingly focusing on the development of GFRC for residential construction, such as kitchen countertops, columns & capitals, roof cladding, wall panels, balusters, and so on. The increasing demand for light-weight, fire & weather resistant, and design flexible building materials for the residential construction sector is projected to drive the residential construction application segment of the market.

The GFRC market in the APAC region is projected to grow at the highest CAGR between 2018 and 2023, in terms of value and volume
The GFRC market in the APAC region is projected to grow at the highest CAGR during the forecast period, in terms of value and volume. This growth can be attributed to the increasing demand for GFRC from the commercial and residential construction applications in APAC countries. Initiatives undertaken by governments of various APAC countries to promote the development of smart cities are also contributing to the growth of the GFRC market in the APAC region.

In the process of determining and verifying the market size for several segments and subsegments gathered through secondary research, extensive primary interviews have been conducted as follows:
By Company Type- Tier 1 - 35%, Tier 2 - 25%, and Tier 3 - 40%
By Designation- C level - 30%, Director level - 25%, and Others - 45%
By Region- Asia Pacific - 30%, North America - 30%, Europe - 25%, Latin America - 5%, and Middle East & Africa - 10%

This report provides a comprehensive analysis of the key companies listed below:
Ultratech Cement Ltd. (India)
Formglas Products Ltd. (Canada)
Willis Construction Co., Inc. (US)
Clark Pacific (US)
Loveld (Belgium)
Fibrex (UAE)
Betofiber A.S. (Turkey)
Nanjing Beilida New Material System Engineering Co., Ltd. (China)
Stromberg Architectural (US)
BB Fiberbeton (Denmark)

Research Coverage
This report covers the GFRC market and forecasts the size of the market till 2023. The report includes the segmentation of the GFRC market based on process, application, and region. Porter’s Five Forces analysis and key market dynamics, such as drivers, restraints, challenges, and opportunities influencing the growth of the GFRC market have been discussed in the report. The report also provides company profiles of major players operating in the GFRC market.

Benefits of Buying the Report:

The report is expected to help market leaders/new entrants in the GFRC market in the following ways:
This report segments the GFRC market and provides the closest approximations of revenues for the overall market and its subsegments across different verticals and regions.
The report helps stakeholders understand the pulse of the market and provides information on key drivers, restraints, challenges, and opportunities for the GFRC market.
This report is also expected to help stakeholders understand their competitors and gain insights to improve their positions in the GFRC market. The competitive landscape section includes an ecosystem of competitors and detailed information on new product developments, expansions & investments, agreements/contracts, and mergers & acquisitions.


  • INTRODUCTION
    • OBJECTIVES OF THE STUDY
    • MARKET DEFINITION
    • MARKET SCOPE
      • REGIONAL SEGMENTATION
      • YEARS CONSIDERED FOR THE STUDY
    • CURRENCY
    • UNIT CONSIDERED
    • LIMITATIONS
    • STAKEHOLDERS
  • RESEARCH METHODOLOGY
    • RESEARCH DATA
      • SECONDARY DATA
      • PRIMARY DATA
    • MARKET SIZE ESTIMATION
      • BOTTOM-UP APPROACH
      • TOP-DOWN APPROACH
    • DATA TRIANGULATION
    • ASSUMPTIONS
  • EXECUTIVE SUMMARY
  • PREMIUM INSIGHTS
    • ATTRACTIVE OPPORTUNITIES IN THE GFRC MARKET
    • GFRC MARKET, BY PROCESS
    • GFRC MARKET, BY APPLICATION AND REGION
    • GFRC MARKET, BY COUNTRY
  • MARKET OVERVIEW
    • INTRODUCTION
    • MARKET DYNAMICS
      • DRIVERS
      • RESTRAINTS
      • OPPORTUNITIES
      • CHALLENGES
    • PORTER'S FIVE FORCES ANALYSIS
      • THREAT OF NEW ENTRANTS
      • THREAT OF SUBSTITUTES
      • BARGAINING POWER OF SUPPLIERS
      • BARGAINING POWER OF BUYERS
      • INTENSITY OF COMPETITIVE RIVALRY
  • MACROECONOMIC OVERVIEW AND KEY TRENDS
    • INTRODUCTION
    • TRENDS AND FORECAST OF GDP
      • Table TRENDS AND FORECAST OF GDP, 2018-2023 (USD BILLION)
    • TRENDS AND FORECAST OF THE CONSTRUCTION INDUSTRY
      • Table CONTRIBUTION OF THE CONSTRUCTION INDUSTRY IN NORTH AMERICA, 2015-2022 (USD BILLION)
      • Table CONTRIBUTION OF THE CONSTRUCTION INDUSTRY IN EUROPE, 2015-2022 (USD BILLION)
      • Table CONTRIBUTION OF THE CONSTRUCTION INDUSTRY IN APAC, 2015-2022 (USD BILLION)
      • Table CONTRIBUTION OF THE CONSTRUCTION INDUSTRY IN THE MIDDLE EAST, 2015-2022 (USD BILLION)
      • Table CONTRIBUTION OF THE CONSTRUCTION INDUSTRY IN LATIN AMERICA, 2015-2022 (USD BILLION)
  • GFRC MARKET, BY PROCESS
    • INTRODUCTION
      • Table GFRC MARKET SIZE, BY PROCESS, 2016-2023 (MILLION SQUARE FEET)
      • Table GFRC MARKET SIZE, BY PROCESS, 2016-2023 (USD MILLION)
    • SPRAY
      • Table SPRAY-BASED GFRC MARKET SIZE, BY REGION, 2016-2023 (MILLION SQUARE FEET )
      • Table SPRAY-BASED GFRC MARKET SIZE, BY REGION, 2016-2023 (USD MILLION)
    • PREMIX
      • Table PREMIX-BASED GFRC MARKET SIZE, BY REGION, 2016-2023 (MILLION SQUARE FEET)
      • Table PREMIX-BASED GFRC MARKET SIZE, BY REGION , 2016-2023 (USD MILLION)
    • HYBRID
      • Table HYBRID-BASED GFRC MARKET SIZE, BY REGION, 2016-2023 (MILLION SQUARE FEET)
      • Table HYBRID-BASED GFRC MARKET SIZE, BY REGION, 2016-2023 (USD MILLION)
  • GFRC MARKET, BY APPLICATION
    • INTRODUCTION
      • Table GFRC MARKET SIZE, BY APPLICATION, 2016-2023 (MILLION SQUARE FEET)
      • Table GFRC MARKET SIZE, BY APPLICATION, 2016-2023 (USD MILLION)
    • COMMERCIAL CONSTRUCTION
      • INSTITUTIONS
      • HOSPITALS
      • OFFICES
      • AIRPORTS
      • OTHERS
        • Table GFRC MARKET SIZE IN COMMERCIAL CONSTRUCTION, BY REGION, 2016-2023 (MILLION SQUARE FEET)
        • Table GFRC MARKET SIZE IN COMMERCIAL CONSTRUCTION, BY REGION, 2016-2023 (USD MILLION)
    • RESIDENTIAL CONSTRUCTION
      • Table GFRC MARKET SIZE IN RESIDENTIAL CONSTRUCTION, BY REGION, 2016-2023 (MILLION SQUARE FEET)
      • Table GFRC MARKET SIZE IN RESIDENTIAL CONSTRUCTION, BY REGION, 2016-2023 (USD MILLION)
    • CIVIL & OTHER INFRASTRUCTURE CONSTRUCTION
      • BRIDGES/ HIGHWAYS/ TUNNELS/ RAILWAYS
      • DEFENSE
        • Table GFRC MARKET SIZE IN CIVIL & OTHER INFRASTRUCTURE CONSTRUCTION, BY REGION, 2016-2023 (MILLION SQUARE FEET)
        • Table GFRC MARKET SIZE IN CIVIL & OTHER INFRASTRUCTURE CONSTRUCTION, BY REGION, 2016-2023 (USD MILLION)
  • GFRC MARKET, BY REGION
    • INTRODUCTION
      • Table GFRC MARKET SIZE, BY REGION, 2016-2023 (MILLION SQUARE FEET)
      • Table GFRC MARKET SIZE, BY REGION, 2016-2023 (USD MILLION)
    • NORTH AMERICA
      • BY APPLICATION
        • Table NORTH AMERICA: GFRC MARKET SIZE, BY APPLICATION, 2016-2023 (MILLION SQUARE FEET)
        • Table NORTH AMERICA: GFRC MARKET SIZE, BY APPLICATION, 2016-2023 (USD MILLION)
      • BY PROCESS
        • Table NORTH AMERICA: GFRC MARKET SIZE, BY PROCESS, 2016-2023 (MILLION SQUARE FEET)
        • Table NORTH AMERICA: GFRC MARKET SIZE, BY PROCESS, 2016-2023 (USD MILLION)
      • BY COUNTRY
        • Table NORTH AMERICA: GFRC MARKET SIZE, BY COUNTRY, 2016-2023 (MILLION SQUARE FEET)
        • Table NORTH AMERICA: GFRC MARKET SIZE, BY COUNTRY, 2016-2023 (USD MILLION)
        • Table US: GFRC MARKET SIZE, BY APPLICATION, 2016-2023 (MILLION SQUARE FEET)
        • Table US: GFRC MARKET SIZE, BY APPLICATION, 2016-2023 (USD MILLION)
        • Table CANADA: GFRC MARKET SIZE, BY APPLICATION, 2016-2023 (MILLION SQUARE FEET)
        • Table CANADA: GFRC MARKET SIZE, BY APPLICATION, 2016-2023 (USD MILLION)
    • EUROPE
      • BY APPLICATION
        • Table EUROPE: GFRC MARKET SIZE, BY APPLICATION, 2016-2023 (MILLION SQUARE FEET)
        • Table EUROPE: GFRC MARKET SIZE, BY APPLICATION, 2016-2023 (USD MILLION)
      • BY PROCESS
        • Table EUROPE: GFRC MARKET SIZE, BY PROCESS, 2016-2023 (MILLION SQUARE FEET)
        • Table EUROPE: GFRC MARKET SIZE, BY PROCESS, 2016-2023 (USD MILLION)
      • BY COUNTRY
        • Table EUROPE: GFRC MARKET SIZE, BY COUNTRY, 2016-2023 (MILLION SQUARE FEET)
        • Table EUROPE: GFRC MARKET SIZE, BY COUNTRY, 2016-2023 (USD MILLION)
        • Table FRANCE: GFRC MARKET SIZE, BY APPLICATION, 2016-2023 (MILLION SQUARE FEET)
        • Table FRANCE: GFRC MARKET SIZE, BY APPLICATION, 2016-2023 (USD MILLION)
        • Table GERMANY: GFRC MARKET SIZE, BY APPLICATION, 2016-2023 (MILLION SQUARE FEET)
        • Table GERMANY: GFRC MARKET SIZE, BY APPLICATION, 2016-2023 (USD MILLION)
        • Table ITALY: GFRC MARKET SIZE, BY APPLICATION, 2016-2023 (MILLION SQUARE FEET)
        • Table ITALY: GFRC MARKET SIZE, BY APPLICATION, 2016-2023 (USD MILLION)
        • Table SPAIN: GFRC MARKET SIZE, BY APPLICATION, 2016-2023 (MILLION SQUARE FEET)
        • Table SPAIN: GFRC MARKET SIZE, BY APPLICATION, 2016-2023 (USD MILLION)
        • Table SWITZERLAND: GFRC MARKET SIZE, BY APPLICATION, 2016-2023 (MILLION SQUARE FEET)
        • Table SWITZERLAND: GFRC MARKET SIZE, BY APPLICATION, 2016-2023 (USD MILLION)
        • Table SWEDEN: GFRC MARKET SIZE, BY APPLICATION, 2016-2023 (MILLION SQUARE FEET)
        • Table SWEDEN: GFRC MARKET SIZE, BY APPLICATION, 2016-2023 (USD MILLION)
        • Table UK: GFRC MARKET SIZE, BY APPLICATION, 2016-2023 (MILLION SQUARE FEET)
        • Table UK: GFRC MARKET SIZE, BY APPLICATION, 2016-2023 (USD MILLION)
        • Table REST OF EUROPE: GFRC MARKET SIZE, BY APPLICATION, 2016-2023 (MILLION SQUARE FEET)
        • Table REST OF EUROPE: GFRC MARKET SIZE, BY APPLICATION, 2016-2023 (USD MILLION)
    • APAC
      • BY APPLICATION
        • Table APAC: GFRC MARKET SIZE, BY APPLICATION, 2016-2023 (MILLION SQUARE FEET)
        • Table APAC: GFRC MARKET SIZE, BY APPLICATION, 2016-2023 (USD MILLION)
      • BY PROCESS
        • Table APAC: GFRC MARKET SIZE, BY PROCESS, 2016-2023 (MILLION SQUARE FEET)
        • Table APAC: GFRC MARKET SIZE, BY PROCESS, 2016-2023 (USD MILLION)
      • BY COUNTRY
        • Table APAC: GFRC MARKET SIZE, BY COUNTRY, 2016-2023 (MILLION SQUARE FEET)
        • Table APAC: GFRC MARKET SIZE, BY COUNTRY, 2016-2023 (USD MILLION)
        • Table CHINA: GFRC MARKET SIZE, BY APPLICATION, 2016-2023 (MILLION SQUARE FEET)
        • Table CHINA: GFRC MARKET SIZE, BY APPLICATION, 2016-2023 (USD MILLION)
        • Table JAPAN: GFRC MARKET SIZE, BY APPLICATION, 2016-2023 (MILLION SQUARE FEET)
        • Table JAPAN: GFRC MARKET SIZE, BY APPLICATION, 2016-2023 (USD MILLION)
        • Table INDIA: GFRC MARKET SIZE, BY APPLICATION, 2016-2023 (MILLION SQUARE FEET)
        • Table INDIA: GFRC MARKET SIZE, BY APPLICATION, 2016-2023 (USD MILLION)
        • Table SOUTH KOREA: GFRC MARKET SIZE, BY APPLICATION, 2016-2023 (MILLION SQUARE FEET)
        • Table SOUTH KOREA: GFRC MARKET SIZE, BY APPLICATION, 2016-2023 (USD MILLION)
        • Table MALAYSIA: GFRC MARKET SIZE, BY APPLICATION, 2016-2023 (MILLION SQUARE FEET)
        • Table MALAYSIA: GFRC MARKET SIZE, BY APPLICATION, 2016-2023 (USD MILLION)
        • Table REST OF APAC: GFRC MARKET SIZE, BY APPLICATION, 2016-2023 (MILLION SQUARE FEET)
        • Table REST OF APAC: GFRC MARKET SIZE, BY APPLICATION, 2016-2023 (USD MILLION)
    • MIDDLE EAST & AFRICA
      • BY APPLICATION
        • Table MIDDLE EAST & AFRICA: GFRC MARKET SIZE, BY APPLICATION, 2016-2023 (MILLION SQUARE FEET)
        • Table MIDDLE EAST & AFRICA: GFRC MARKET SIZE, BY APPLICATION, 2016-2023 (USD MILLION)
      • BY PROCESS
        • Table MIDDLE EAST & AFRICA: GFRC MARKET SIZE, BY PROCESS, 2016-2023 (MILLION SQUARE FEET)
        • Table MIDDLE EAST & AFRICA: GFRC MARKET SIZE, BY PROCESS, 2016-2023 (USD MILLION)
      • BY COUNTRY
        • Table MIDDLE EAST & AFRICA: GFRC MARKET SIZE, BY COUNTRY, 2016-2023 (MILLION SQUARE FEET)
        • Table MIDDLE EAST & AFRICA: GFRC MARKET SIZE, BY COUNTRY, 2016-2023 (USD MILLION)
        • Table SAUDI ARABIA: GFRC MARKET SIZE, BY APPLICATION, 2016-2023 (MILLION SQUARE FEET)
        • Table SAUDI ARABIA: GFRC MARKET SIZE, BY APPLICATION, 2016-2023 (USD MILLION)
        • Table UAE: GFRC MARKET SIZE, BY APPLICATION, 2016-2023 (MILLION SQUARE FEET)
        • Table UAE: GFRC MARKET SIZE, BY APPLICATION, 2016-2023 (USD MILLION)
        • Table SOUTH AFRICA: GFRC MARKET SIZE, BY APPLICATION, 2016-2023 (MILLION SQUARE FEET)
        • Table SOUTH AFRICA: GFRC MARKET SIZE, BY APPLICATION, 2016-2023 (USD MILLION)
        • Table REST OF MIDDLE EAST & AFRICA: GFRC MARKET SIZE, BY APPLICATION, 2016-2023 (MILLION SQUARE FEET)
        • Table REST OF MIDDLE EAST & AFRICA: GFRC MARKET SIZE, BY APPLICATION, 2016-2023 (USD MILLION)
    • LATIN AMERICA
      • BY APPLICATION
        • Table LATIN AMERICA: GFRC MARKET SIZE, BY APPLICATION, 2016-2023 (MILLION SQUARE FEET)
        • Table LATIN AMERICA: GFRC MARKET SIZE, BY APPLICATION, 2016-2023 (USD MILLION)
      • BY PROCESS
        • Table LATIN AMERICA: GFRC MARKET SIZE, BY PROCESS, 2016-2023 (MILLION SQUARE FEET)
        • Table LATIN AMERICA: GFRC MARKET SIZE, BY PROCESS, 2016-2023 (USD MILLION)
      • BY COUNTRY
        • Table LATIN AMERICA: GFRC MARKET SIZE, BY COUNTRY, 2016-2023 (MILLION SQUARE FEET)
        • Table LATIN AMERICA: GFRC MARKET SIZE, BY COUNTRY, 2016-2023 (USD MILLION)
        • Table BRAZIL: GFRC MARKET SIZE, BY APPLICATION, 2016-2023 (MILLION SQUARE FEET)
        • Table BRAZIL: GFRC MARKET SIZE, BY APPLICATION, 2016-2023 (USD MILLION)
        • Table MEXICO: GFRC MARKET SIZE, BY APPLICATION, 2016-2023 (MILLION SQUARE FEET)
        • Table MEXICO: GFRC MARKET SIZE, BY APPLICATION, 2016-2023 (USD MILLION)
        • Table ARGENTINA: GFRC MARKET SIZE, BY APPLICATION, 2016-2023 (MILLION SQUARE FEET)
        • Table ARGENTINA: GFRC MARKET SIZE, BY APPLICATION, 2016-2023 (USD MILLION)
        • Table REST OF LATIN AMERICA: GFRC MARKET SIZE, BY APPLICATION, 2016- 2023 (MILLION SQUARE FEET)
        • Table REST OF LATIN AMERICA: GFRC MARKET SIZE, BY APPLICATION, 2016-2023 (USD MILLION)
  • COMPANY PROFILES
    • ULTRATECH CEMENT LTD.
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • SWOT ANALYSIS
      • MNM VIEW
    • FORMGLAS PRODUCTS LTD.
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • MNM VIEW
    • WILLIS CONSTRUCTION CO. INC.
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • MNM VIEW
    • CLARK PACIFIC
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • MNM VIEW
    • LOVELD
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • MNM VIEW
    • FIBREX
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • MNM VIEW
    • BETOFIBER A.S.
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • MNM VIEW
    • STROMBERG ARCHITECTURAL
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • MNM VIEW
    • BB FIBERBETON
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • MNM VIEW
    • NANJING BEILIDA NEW MATERIAL SYSTEM ENGINEERING CO., LTD.
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • MNM VIEW
    • OTHER PLAYERS
      • GENERALE PREFABBRICATI S.P.A.
      • BCM GRC LIMITED
      • ARABIAN TILE COMPANY LTD.
      • QUATTRO DESIGN SOLUTIONS
      • GLASS REINFORCED CONCRETE UK LTD
  • APPENDIX
    • DISCUSSION GUIDE
    • INTRODUCING RT: REAL-TIME MARKET INTELLIGENCE
    • KNOWLEDGE STORE: MARKETSANDMARKETS' SUBSCRIPTION PORTAL
    • AVAILABLE CUSTOMIZATIONS
    • RELATED REPORTS
    • AUTHOR DETAILS

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