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Glass Fiber Reinforced Concrete Market by Process, Application And Region - Global Forecast to 2023

Glass Fiber Reinforced Concrete Market: Global Forecast until 2023

  • June 2018
  • 111 pages
  • ID: 5439554
In this report:
According to UNSD, the German construction spending accounted for around USD ## billion in 2016, which contributed ##% to the European region.
Post economic slowdown, the GDP of Russia declined to -##.##% in 2015, after registering a growth of ##.##% in 2014With the decline in GDPs, these major European countries witnessed a very low number of infrastructural activities, and the demand for new construction was negligible.

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The GFRC market is estimated to rise at a compound annual growth rate of 10.50 percent from 2018 to 2023, in terms of value significance

The GFRC market is projected at ~$2.0B in 2018 and is projected to extend ~$3.3B by 2023, at a compound annual growth rate (CAGR) of 10.50 percent between 2018 and 2023. The growing demand for GFRC in building & construction projects is one of the significant factors forecasted to drive the GFRC market. Superior properties of GFRC, including fire & weather resistance, design flexibility, dimensional stability, ease of handling, light-weight, and quick installation are also contributing to the increase 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 sector demand for GFRC. Nevertheless, economic downturns in main regions are selecting the rise of the GFRC market.

Established on process, the spray process segment is forecasted to dominate the GFRC market during the estimate period, in terms of value importance and quantity

The spray process is a cost-effective solution to produce big area elements, including claddings, facades, wall panels, and so on.It is the predominant process used in the production of GFRC.

The growth in the market demand for GFRC in the commercial construction application is anticipated to lead to an growth in the industry demand for spray GFRC during the outlook period.

The residential construction application of the GFRC market is expected to increase at the maximal compound annual growth rate (CAGR) during the estimate period, in terms of value concern and quantity

GFRC manufacturers are increasingly focusing on the development of GFRC for residential construction, including kitchen countertops, columns & capitals, roof cladding, wall panels, balusters, and so on. The growing demand for light-weight, fire & weather resistant, and design flexible building materials for the residential construction market is forecasted to drive the residential construction application segment of the market.

The GFRC market in the Asia-Pacific regions is expected to rise at the highest CAGR (Compound annual growth rate) between 2018 and 2023, in terms of value significance and quantity

The GFRC market in the Asia-Pac regions is expected to grow at the highest compound annual growth rate (CAGR) during the outlook period, in terms of value importance and quantity.This increase can be accredited to the growing demand for GFRC from the commercial and residential construction applications in APAC countries.

Initiatives undertaken by governments of different APAC countries to foster the development of smart cities are also contributing to the rise of the GFRC market in the Asia-Pacific regions.

In the process of finding out and checking the market value for various segments and sub-segments collected by secondary research, extensive primary audit sessions have been conducted as follows:

• By Type of company- tier 1 - 35.0 percent, Tier 2 - 25.0 percent, and Tier 3 - 40.0 percent

• By Designation- C level - 30.0 percent, D-level - 25.0 percent, and Others - 45.0 percent

• By Region- Asia Pacific - 30.0 percent, North America continent - 30.0 percent, Europe (EU) - 25.0 percent, Latin America area - 5.0 percent, and Middle East (ME) & African continent - 10.0 percent

This business report offers a comprehensive review of the main firms listed below:

• Ultratech Cement Ltd.

• Formglas Products Ltd.

• Willis Construction Co., Incorporated

• Nanjing Beilida New Material System Engineering Co., Limited

• Stromberg Architectural

• BB Fiberbeton

Segment Research

This industry report includes the GFRC market and forecasts the size of the market until 2023.The industry report includes the segmentation of the GFRC market established on process, application, and area.

Porter's Five Forces analysis and top market dynamics, including drivers, industry restraints, opportunities, and possibilities influencing the increase of the GFRC market have been discussed in the study. The analysis also offers company profiles of main actors operating in the GFRC market.

Benefits of Buying the Report:

The market research is expected to benefit industry top players/new sector entrants in the GFRC market in these ways:

• This document breaks down the GFRC market and offers the closest approximations of revenues for the global market and its sub-segments across several verticals and localities.

• The report benefits partners distinguish the pulse of the sector and offers info on key market drivers, market restraints, opportunities, and alternatives for the GFRC market.

• this business report is also anticipated to help partners comprehend their players and obtain business insights to enhance their positions in the GFRC market. The competitive outlook section includes an ecosystem of competitors and exhaustive information on new industry product developments, business developments & market investments, strategic agreements/contracts, and mergers & acquisitions.

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