Global Glass Fiber Reinforced Concrete (GFRC) Market - Segmented by Type, Application, and Geography - Growth, Trends and Forecast (2018 - 2023)

  • ID: 4515076
  • Report
  • Region: Global
  • 143 pages
  • Mordor Intelligence
until Dec 31st 2018
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  • BCM GRC Ltd.
  • Blueconcrete
  • Fibrex Construction Group
  • Formglas Products Ltd.
  • Loveld Nv
  • Surecrete Design Products
  • MORE
The global glass fiber reinforced concrete market is expected to register a high CAGR during 2018 to 2023 (the forecast period). North America is estimated to lead the market, due to the rapid increase in adoption of GFRC technology in the region. Sprayed GFRC is expected to be the fastest-growing market segment, by type.

Increased Emphasis on Green Buildings (LEED Ratings)

Green buildings, generally called sustainable buildings or green constructions, are built using the environmentally viable and responsible processes. There is an increased awareness among the public regarding green structures, especially in the developed nations of America and Europe. Buildings account for 8% of the total energy consumption in the world. LEED is a very popular building certification program developed by the United States Green Building Council (USGBC). These ratings intend to understand the structural efficiency in building and operation in an environmentally responsible and resource-efficient manner. Thus, with the increase in adoption of green buildings, the demand of GFRC is on the constant rise.

Sprayed - The Fastest Growing Segment by Type

Sprayed GFRC is known for its ultimate performance and flexibility, across around the globe. The higher flexural strength requires usage of higher fiber content material with longer size fiber and lower water/cement ratio. Sprayed GFRC has increased ductility, which allows the constructor to utilize panels with size as large as 10-15 m2. Due to their higher fiber content, the cement fibers and slurry can be applied directly to the molding surface using spray technique. The sprayed GFRC is typically applied in two-layer format, in which, first layer is the face coat that has no fiber and thin layer, while the other layer has fiber and is sprayed with the equipment i.e., spray gun. Better performance and usage in different constructive applications is making the sprayed type product widely preferable by the end users.

North America Region to Lead the Market

Glass fiber reinforced concrete is widely used in construction and repair of buildings. They are used in construction of foundations, roofing, floors, walls, and windows. United States overall construction market grew by 2.3% in the Q4 of 2017 over Q4 2016, due to the rise in new single-family house constructions. The new residential construction in terms of annual rate for housing units started in United States, recorded growth of 6.34% in 2016 over 2015. In the first 11 months of 2017, the new residential construction recorded a growth of 2.49% compared to the same time period in 2016. The construction sector of Canada has witnessed a positive growth in 2017, after two years of gradual decrease in construction output. With the increase in investments from private and government sectors, the construction industry is expected to grow gradually over the forecast period. The demand for remodeling of houses in Mexico increased by 3.8% in 2017. All these factors would rapidly drive the market for glass fiber reinforced concrete in North America region in the forecast period.

Major Players: Koninklijke Ten Cate Nv, Propex Operating Company LLC, HUESKER Synthetic GmbH, and Low & Bonar PLC, amongst others.

Reasons to Purchase this Report

Current and future of the global glass fiber reinforced concrete (GFRC) market outlook in the developed and emerging markets

Analyzing various perspectives of the market with the help of Porter’s five forces analysis

Segment that is expected to dominate the market

Regions that are expected to witness the fastest growth during the forecast period

Identify the latest developments, market shares, and strategies employed by the major market players

3 months analyst support, along with the Market Estimate sheet (in excel)

Customization of the Report

This report can be customized to meet your requirements.
Note: Product cover images may vary from those shown
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  • BCM GRC Ltd.
  • Blueconcrete
  • Fibrex Construction Group
  • Formglas Products Ltd.
  • Loveld Nv
  • Surecrete Design Products
  • MORE
1. Introduction
1.1 Research Phases
1.2 Scope of the Market
1.3 Study Deliverables

2. Executive Summary

3. Market Insights
3.1 Industry Value Chain Analysis
3.2 Industry Attractiveness - Porter's Five Forces Analysis
3.2.1 Bargaining Power of Suppliers
3.2.2 Bargaining Power of Consumers
3.2.3 Threat of New Entrants
3.2.4 Threat of Substitute Products and Services
3.2.5 Degree of Competition

4. Market Dynamics
4.1 Drivers
4.1.1 Increased Emphasis on Green Buildings (LEED Ratings)
4.1.2 Superior Mechanical Characteristics (High Strength-to-weight Ratio)
4.1.3 Use of Recycled Material for Production
4.2 Restraints
4.2.1 Constraints Regarding DIY Activities
4.2.2 Lack of Ductility
4.3 Opportunities
4.3.1 Emphasis on Using Fire-retardant Building Materials
4.3.2 Growing Popularity of GFRC Structural Insulated Panels

5. Market Segmentation and Analysis (Market Size, Growth, and Forecast)
5.1 By Type
5.1.1 Sprayed
5.1.2 Premix
5.1.3 Hybrids
5.2 By Application
5.2.1 Architecture Cladding and Molding Landscaping
5.2.2 Building (New and Repair) Foundation and Floor Roofing Walls and Windows
5.2.3 Engineering Permanent Formwork Utilities and Water Management Bridge and Tunnel
5.2.4 Defense
5.2.5 Others

6. Regional Market Analysis
6.1 Asia-Pacific
6.1.1 China
6.1.2 India
6.1.3 Japan
6.1.4 South Korea
6.1.5 Australia & New Zealand
6.1.6 Rest of Asia-Pacific
6.2 North America
6.2.1 United States
6.2.2 Canada
6.2.3 Mexico
6.2.4 Rest of North America
6.3 Europe
6.3.1 Germany
6.3.2 United Kingdom
6.3.3 Italy
6.3.4 France
6.3.5 Spain
6.3.6 Russia
6.3.7 Rest of Europe
6.4 South America
6.4.1 Brazil
6.4.2 Argentina
6.4.3 Rest of South America
6.5 Middle East & Africa
6.5.1 Saudi Arabia
6.5.2 South Africa
6.5.3 Rest of Middle East & Africa

7. Competitive Landscape
7.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
7.2 Market Share Analysis**
7.3 Strategies Adopted by Leading Players

8. Company Profiles (Overview, Financials**, Products & Service, and Recent Developments)
8.1 BCM GRC Ltd
8.2 Betofiber AS
8.3 Blueconcrete
8.4 Concrete Exchange
8.5 Fibrex Construction Group
8.6 Fibrobeton Yapi Elemanlari
8.7 Fishstone
8.8 Formglas Products Ltd
8.9 Frey-Fil Corporation
8.10 GB Architectural Cladding Products Ltd
8.11 Glass Reinforced Concrete UK Ltd
8.12 Loveld Nv
8.13 Pennine Stone Ltd
8.14 Surecrete Design Products
8.15 Telling Ltd
*List Not Exhaustive

9. Disclaimer
**Subject to availability on public domain
Note: Product cover images may vary from those shown
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4 of 5
  • BCM GRC Ltd.
  • Betofiber A.S.
  • Blueconcrete
  • CHENG Concrete
  • Fibrex Construction Group
  • Fibrobeton Yapi Elemanlari
  • Fishstone
  • Formglas Products Ltd.
  • Frey-Fil Corporation
  • GB Architectural Cladding Products Ltd.
  • Glass Reinforced Concrete UK Ltd.
  • Loveld Nv
  • Pennine Stone Ltd.
  • Surecrete Design Products
  • Telling Ltd
Note: Product cover images may vary from those shown
5 of 5
Note: Product cover images may vary from those shown