DUBLIN--(BUSINESS WIRE)--The "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" report has been added to ResearchAndMarkets.com's offering.
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.
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.
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.
Formglas Products Ltd. (Canada) is a major player in the GFRC market. The company is focused on expanding its product portfolio and gaining a competitive edge over other players in the GFRC market.
Key Topics Covered:
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Macroeconomic Overview and Key Trends
7 GFRC Market, By Process
8 GFRC Market, By Application
9 GFRC Market, By Region
10 Company Profiles
- Ultratech Cement Ltd.
- Formglas Products Ltd.
- Willis Construction Co. Inc.
- Clark Pacific
- Betofiber A.S.
- Stromberg Architectural
- Bb Fiberbeton
- Nanjing Beilida New Material System Engineering Co., Ltd.
- Generale Prefabbricati S.P.A.
- Bcm Grc Limited
- Arabian Tile Company Ltd.
- Quattro Design Solutions
- Glass Reinforced Concrete UK Ltd
For more information about this report visit https://www.researchandmarkets.com/research/fnw7p7/glass_fiber?w=4