Market Overview:
The global Glassfibre Reinforced Concrete (GRC) market is expected to grow at a CAGR of 5.8% during the forecast period from 2018 to 2030. The growth in the market can be attributed to the increasing demand for GRC in commercial and residential construction applications, and civil & other infrastructure construction applications. Additionally, the growing awareness about the benefits of using GRC over traditional concrete is also contributing to the growth of this market. On basis of type, spray process is expected to account for a larger share of the global GRC market than premix process and hybrid process during the forecast period. This can be attributed to its low installation cost as compared with other types of processes and its ability to produce high-quality products with less wastage. On basis of application, commercial construction is expected to account for a larger share than residential construction during 2018-2030 owing higher demand from institutional investors for office spaces, retail outlets, hospitals etc.
Product Definition:
- Glassfibre Reinforced Concrete is a composite material made of cement, sand, and glass fibres. The glass fibres reinforce the concrete and make it stronger and more durable. Glassfibre Reinforced Concrete is used for construction projects where strength and durability are important factors.
Spray Process:
Spray process is a method of applying glass fibers to the concrete surface in order to enhance its strength. It is also used as an alternative for admixing short fiber reinforcement into the concrete structure. The spray process allows one to obtain uniform and strong reinforced concrete structures at low cost, which makes it suitable for use in commercial construction projects especially those with shorter durations and higher production rates.
Premix Process:
The premix process is used to increase the strength of a mixture by adding reinforcement fibers. The most common types of reinforcing fibers are glass and carbon fiber. Glassfibre reinforced concrete (GRC) is a composite material made up of cement, glass fibers, and sand; whereas carbon reinforced concrete (CRC) consists of carbon fibers mixed with cement.
Application Insights:
The commercial construction segment accounted for the largest share of more than 60.0% in 2017 and is anticipated to maintain its lead over the forecast period. The growing demand for office buildings, retail spaces, hotels, restaurants and other hospitality facilities is expected to drive product demand in this application segment over the next eight years.
The residential construction segment was valued at USD 1.5 billion in 2017 owing to increasing urbanization across various regions coupled with rising consumer disposable income levels has resulted in an increased number of housing projects which are being constructed using GFRC materials globally. In addition, a rise in infrastructural development activities such as roads & highways leading to a rapid growth of this sector is expected to boost product consumption during the forecast period significantly driving its overall market growth from 2018-2030 to 2030-29 in terms of value creation.
Regional Analysis:
North America accounted for the largest share of over 35% in 2017. The region is expected to continue its dominance over the forecast period owing to growing demand from residential and commercial sectors. In addition, rising infrastructural needs in countries such as U.S., Canada, and Mexico are anticipated to drive the product demand further.
Asia Pacific is projected to be one of the fastest-growing regions with a CAGR exceeding 6% during the forecast period owing to rapid growth in construction industry due primarilyto increasing population and rising living standards coupled with government initiatives pertaining towards infrastructure development such as “Make in India†campaign by Indian prime minister Narendra Modi which aims at generating more than USD X trillion investment opportunities for domestic manufacturers by 2022 and creating 100 million jobs through it is likely boost product consumption across various applications including bridge building, buildings & other structures, dams & reservoirs construction among others).
Growth Factors:
- Increasing demand for lightweight and durable construction materials
- Growing popularity of glassfibre reinforced concrete in architectural applications
- Rising investment in infrastructure development projects
- Proliferation of advanced manufacturing technologies for glassfibre reinforced concrete products
- Growing awareness about the benefits of using glassfibre reinforced concrete among construction professionals and consumers
Scope Of The Report
Report Attributes
Report Details
Report Title
Glassfibre Reinforced Concrete Market Research Report
By Type
Spray Process, Premix Process, Hybrid Process
By Application
Commercial Construction, Residential Construction, Civil & Other Infrastructure Construction
By Companies
Ultratech Cement, Formglas Products, Willis Construction, Clark Pacific, Loveld, Fibrex, Betofiber, Stromberg Architectural, Bb Fiberbeton, Nanjing Beilida New Material System Engineering, Ultratech Cement, Bcm Grc Limited, Arabian Tile Company, Quattro Design Solutions, Glass Reinforced Concrete
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
128
Number of Tables & Figures
90
Customization Available
Yes, the report can be customized as per your need.
Global Glassfibre Reinforced Concrete Market Report Segments:
The global Glassfibre Reinforced Concrete market is segmented on the basis of:
Types
Spray Process, Premix Process, Hybrid Process
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Commercial Construction, Residential Construction, Civil & Other Infrastructure Construction
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Ultratech Cement
- Formglas Products
- Willis Construction
- Clark Pacific
- Loveld
- Fibrex
- Betofiber
- Stromberg Architectural
- Bb Fiberbeton
- Nanjing Beilida New Material System Engineering
- Ultratech Cement
- Bcm Grc Limited
- Arabian Tile Company
- Quattro Design Solutions
- Glass Reinforced Concrete
Highlights of The Glassfibre Reinforced Concrete Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Spray Process
- Premix Process
- Hybrid Process
- By Application:
- Commercial Construction
- Residential Construction
- Civil & Other Infrastructure Construction
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Glassfibre Reinforced Concrete Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Glassfibre reinforced concrete (GRC) is a type of concrete that uses glass fibres as reinforcement. The fibres are embedded in the concrete before it's poured, and they help to strengthen the structure. GRC is often used in buildings that need to be strong but lightweight, like skyscrapers.
Some of the key players operating in the glassfibre reinforced concrete market are Ultratech Cement, Formglas Products, Willis Construction, Clark Pacific, Loveld, Fibrex, Betofiber, Stromberg Architectural, Bb Fiberbeton, Nanjing Beilida New Material System Engineering, Ultratech Cement, Bcm Grc Limited, Arabian Tile Company, Quattro Design Solutions, Glass Reinforced Concrete.
The glassfibre reinforced concrete market is expected to grow at a compound annual growth rate of 5.8%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Glassfibre Reinforced Concrete Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Glassfibre Reinforced Concrete Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Glassfibre Reinforced Concrete Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Glassfibre Reinforced Concrete Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Glassfibre Reinforced Concrete Market Size & Forecast, 2018-2028
4.5.1 Glassfibre Reinforced Concrete Market Size and Y-o-Y Growth
4.5.2 Glassfibre Reinforced Concrete Market Absolute $ Opportunity
Chapter 5 Global Glassfibre Reinforced Concrete Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Glassfibre Reinforced Concrete Market Size Forecast by Type
5.2.1 Spray Process
5.2.2 Premix Process
5.2.3 Hybrid Process
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Glassfibre Reinforced Concrete Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Glassfibre Reinforced Concrete Market Size Forecast by Applications
6.2.1 Commercial Construction
6.2.2 Residential Construction
6.2.3 Civil & Other Infrastructure Construction
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Glassfibre Reinforced Concrete Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Glassfibre Reinforced Concrete Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Glassfibre Reinforced Concrete Analysis and Forecast
9.1 Introduction
9.2 North America Glassfibre Reinforced Concrete Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Glassfibre Reinforced Concrete Market Size Forecast by Type
9.6.1 Spray Process
9.6.2 Premix Process
9.6.3 Hybrid Process
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Glassfibre Reinforced Concrete Market Size Forecast by Applications
9.10.1 Commercial Construction
9.10.2 Residential Construction
9.10.3 Civil & Other Infrastructure Construction
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Glassfibre Reinforced Concrete Analysis and Forecast
10.1 Introduction
10.2 Europe Glassfibre Reinforced Concrete Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Glassfibre Reinforced Concrete Market Size Forecast by Type
10.6.1 Spray Process
10.6.2 Premix Process
10.6.3 Hybrid Process
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Glassfibre Reinforced Concrete Market Size Forecast by Applications
10.10.1 Commercial Construction
10.10.2 Residential Construction
10.10.3 Civil & Other Infrastructure Construction
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Glassfibre Reinforced Concrete Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Glassfibre Reinforced Concrete Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Glassfibre Reinforced Concrete Market Size Forecast by Type
11.6.1 Spray Process
11.6.2 Premix Process
11.6.3 Hybrid Process
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Glassfibre Reinforced Concrete Market Size Forecast by Applications
11.10.1 Commercial Construction
11.10.2 Residential Construction
11.10.3 Civil & Other Infrastructure Construction
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Glassfibre Reinforced Concrete Analysis and Forecast
12.1 Introduction
12.2 Latin America Glassfibre Reinforced Concrete Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Glassfibre Reinforced Concrete Market Size Forecast by Type
12.6.1 Spray Process
12.6.2 Premix Process
12.6.3 Hybrid Process
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Glassfibre Reinforced Concrete Market Size Forecast by Applications
12.10.1 Commercial Construction
12.10.2 Residential Construction
12.10.3 Civil & Other Infrastructure Construction
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Glassfibre Reinforced Concrete Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Glassfibre Reinforced Concrete Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Glassfibre Reinforced Concrete Market Size Forecast by Type
13.6.1 Spray Process
13.6.2 Premix Process
13.6.3 Hybrid Process
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Glassfibre Reinforced Concrete Market Size Forecast by Applications
13.10.1 Commercial Construction
13.10.2 Residential Construction
13.10.3 Civil & Other Infrastructure Construction
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Glassfibre Reinforced Concrete Market: Competitive Dashboard
14.2 Global Glassfibre Reinforced Concrete Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Ultratech Cement
14.3.2 Formglas Products
14.3.3 Willis Construction
14.3.4 Clark Pacific
14.3.5 Loveld
14.3.6 Fibrex
14.3.7 Betofiber
14.3.8 Stromberg Architectural
14.3.9 Bb Fiberbeton
14.3.10 Nanjing Beilida New Material System Engineering
14.3.11 Ultratech Cement
14.3.12 Bcm Grc Limited
14.3.13 Arabian Tile Company
14.3.14 Quattro Design Solutions
14.3.15 Glass Reinforced Concrete
