Global Glass Fiber Reinforced Concrete Market, By Type (Spray, Premix, Hybrid), By Application (Comm

Published Date: | Report Code : EQ1914409

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Rapid urbanization and increasing demand from consumers is expected to drive the growth of Glass Fiber Reinforced Concrete Market during the forecast period. This has resulted in some of the key developments by companies operating in the market to consolidate their market positions and look for further niche opportunities.

Glass fiber reinforced concrete is used in the external part of an infrastructure. It is formed by a mixture of various components, such as cement, sand, water, concrete, and alkali-resistance glass fiber. It serves as a great advantage for infrastructure, as it is fire-resistant, lightweight, and protects from cracks. It also makes building sustainable and green. It comes in different types of forms such as spray, premix, and hybrid. 

In today’s world, there is an increasing awareness about constructing sustainable and green buildings. North America and European countries have been increasingly green with sustainable infrastructures. All these factors are contributing to the growth of the glass fiber reinforced concrete market. Due to changing times and rapid urbanization, consumers are now mostly attracted to the new design of the architecture for their own or professional use, which has further contributed to the growth of the glass fiber reinforced concrete market. Europe and the US are estimated to lead the glass fiber reinforced concrete market. This market in the Asia Pacific is expected to witness significant growth due to rapid urbanization and growing awareness about green and sustainable infrastructure. 

Key Factors Impacting Market Growth:

  • Rapid Urbanization and demand from consumers to fuel market growth
  • Changing environments leading to the increased adoption of glass fiber reinforced concrete in infrastructures 

Regional Outlook: 

Major regions for glass fiber reinforced concrete market are estimated to North America, Western Europe, and the Asia Pacific. North America and Western Europe have been traditional markets for glass fiber reinforced concrete owing to the strong presence of the industrial sector. The industrial sector has been one of the key contributors to the economies in these regions. Moreover, most of these industries have been witnessing a transition in terms of product development and production methods. These factors are expected to drive the demand for glass fiber reinforced concrete market in North America and Western Europe region. Major markets by country in these regions include the US, Germany, France, UK, Canada, Spain, and others. The Asia Pacific and the Middle East region has witnessed tremendous growth in the industrial sector in recent years. Major companies operating in this market have made strategic developments to improve market presence in these regions. In addition to this, some of the fastest-growing economies including China and India have been major markets for various end-use industries including building & construction, automotive, healthcare, manufacturing, and so on. On the other hand, the Middle East region has witnessed diversification in terms of industrial outlook in recent decades. UAE, Saudi Arabia, Qatar, and others have been instrumental in promoting the development of various industries including building & construction, pharmaceuticals, automotive, and so on. This is expected to drive the growth of glass fiber reinforced concrete market directly or indirectly in the region. Eastern Europe consisting of Russia and Turkey promises a stable demand for glass fiber reinforced concrete market during the forecast period. The rest of the World including South America and Africa are estimated to be a developing market with strong potential in the strategic future.

Companies Covered: Domcrete GFRC Countertop Supplies, GB Architectural Cladding Products Ltd., Glass Reinforced Concrete UK Ltd., Betofiber A/S, Hard Rock Developments Inc., and Pennine Stone Ltd.

Market Segmentation:

By Type:

  • Spray
  • Premix
  • Hybrid

By Application:

  • Commercial
  • Residential
  • Civil Constructions
  • Others

By Region:

  • North America
    • By Country (US, Canada, Mexico)
    • By Type
    • By Application
  • Western Europe
    • By Country (Germany, UK, France, Italy, Spain, Rest of Western Europe)
    • By Type
    • By Application
  • Eastern Europe
    • By Country (Russia, Turkey, Rest of Eastern Europe)
    • By Type
    • By Application
  • Asia Pacific
    • By Country (China, Japan, India, South Korea, Australia, Rest of Asia Pacific)
    • By Type
    • By Application
  • Middle East
    • By Country (UAE, Saudi Arabia, Qatar, Iran, Rest of Middle East)
    • By Type
    • By Application
  • Rest of the World
    • By Region (South America, Africa)
    • By Type
    • By Application

Reasons To Buy This Report:

  • Market size estimation of the glass fiber reinforced concrete market on a regional and global basis
  • The unique research design for market size estimation and forecast
  • Profiling of major companies operating in the market with key developments
  • Broad scope to cover all possible segments helping every stakeholder in the market

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We provide customization of the study to meet specific requirements:

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  • By Sub-segment
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