GFRG (Glass Fiber Reinforced Gypsum) Market by Type (Type X, Type C), Application (Interior and Exterior), End User (Residential and Non-Residential), and Region (North America, Europe, APAC, Latin America, MEA) - Global Forecast to 2023

  • ID: 4534984
  • Report
  • Region: Global, America, Europe, North America, United States
  • 109 Pages
  • Markets and Markets
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FEATURED COMPANIES

  • American Gypsum
  • Fibrex
  • Gc Products, Inc.
  • Gillespie
  • Knauf Danoline A/S
  • Owens Corning
  • MORE

“The GFRG market is projected to grow at a CAGR of 7.0% from 2018 to 2023, in terms of value.”

The GFRG market is estimated to be USD 2.45 billion in 2018 and is projected to reach USD 3.44 billion by 2023, at a CAGR of 7.0% between 2018 and 2023. The increasing demand for GFRG in building & construction projects is one of the most significant factors projected to drive the GFRG market. Superior properties of GFRG such as sound absorption capability, good fatigue, temperature resistance, rapid installation, and recyclability are also contributing to the growth of the GFRG market. However, the difficulty in transportation and building high-raised buildings, in turn, are restraining the growth of the GFRG market.

“Based on type, the Type X segment is projected to lead the GFRG market during the forecast period, in terms of value and volume.”

Type X is used in both residential and commercial buildings, such as schools, hospitals, and retail centers. Type X is cost-effective as well as fast to install and maintain good temperature tolerance. These are also recyclable and have a low carbon footprint. The increasing adoption of Type X gypsum board in non-residential construction projects is expected to drive the Type X segment of the GFRG market.

“The non-residential end user segment of the GFRG market is projected to grow at the highest CAGR during the forecast period, in terms of value and volume.”  

GFRG manufacturers are increasingly focusing on the development of GFRG for non-residential buildings, such as offices, institutes, hospitals, gymnasiums, cinema theaters, retail stores, auditoriums, and museums. The increasing demand for high fatigue resistance and good temperature resistance building materials from the non-residential construction sector is projected to drive the non-residential end user segment of the market. 

“The GFRG market in the MEA region is projected to grow at the highest CAGR between 2018 and 2023, in terms of value and volume.”

The GFRG market in the MEA region is projected to grow at the highest CAGR during the forecast period, in terms of value and volume. This growth can be attributed to the increasing demand for GFRG from the building & construction industry in MEA countries. Initiatives undertaken by governments of various MEA countries to promote the development of smart cities are also contributing to the growth of the GFRG market in the MEA region.

In the process of determining and verifying the market size for several segments and subsegments gathered through secondary research, extensive primary interviews have been conducted as follows:

  • By Company Type- Tier 1 - 10%, Tier 2 - 25%, and Tier 3 - 65%
  • By Designation- C level - 10%, Director level - 30%, and Others - 60%
  • By Region- Asia Pacific - 45%, North America - 20%, Europe - 15%, South America - 11%, and Middle East & Africa - 9%
  • “The GFRG market is projected to grow at a CAGR of 7.0% from 2018 to 2023, in terms of value.”

The GFRG market is estimated to be USD 2.45 billion in 2018 and is projected to reach USD 3.44 billion by 2023, at a CAGR of 7.0% between 2018 and 2023. The increasing demand for GFRG in building & construction projects is one of the most significant factors projected to drive the GFRG market. Superior properties of GFRG such as sound absorption capability, good fatigue, temperature resistance, rapid installation, and recyclability are also contributing to the growth of the GFRG market. However, the difficulty in transportation and building high-raised buildings, in turn, are restraining the growth of the GFRG market.

This report provides a comprehensive analysis of key companies listed below:

  • USG Corporation (US)
  • CertainTeed (US)
  • Saint-Gobain Gyproc (France)
  • Knauf Danoline (Denmark)
  • Georgia-Pacific (US)
  • American Gypsum (US)
  • Formglas (Canada)
  • Continental Building Products (US)
  • Chiyoda UTE (Tokyo)
  • Gillespie (UK)

Research Coverage

This report covers the GFRG market and forecasts the size of the market till 2023. The report includes the segmentation of the GFRG market based on type, application, end user, and region. The Porter’s Five Forces analysis and key market dynamics such as drivers, restraints, challenges, and opportunities influencing the growth of the GFRG market have been discussed in the report. The report also provides company profiles of major players operating in the GFRG market.

The report is expected to help market leaders/new entrants in the GFRG market in the following ways:

  • This report segments the GFRG market and provides the closest approximation of revenues for the overall market and its subsegments across different verticals and regions.
  • The report helps stakeholders understand the pulse of the market and provides information on key drivers, restraints, challenges, and opportunities for the GFRG market.
  • This report is also expected to help stakeholders understand their competitors and gain insights into improving their position in the GFRG market. The competitive landscape section includes an ecosystem of competitors and detailed information on new product developments, expansions & investments, agreements/contracts, and mergers & acquisitions.
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Note: Product cover images may vary from those shown
2 of 4

FEATURED COMPANIES

  • American Gypsum
  • Fibrex
  • Gc Products, Inc.
  • Gillespie
  • Knauf Danoline A/S
  • Owens Corning
  • MORE

1 Introduction
1.1 Objectives of The Study
1.2 Market Definition
1.3 Market Scope
1.3.1 Years Considered for the Study
1.4 Currency
1.5 Stakeholders

2 Research Methodology
2.1 Research Data
2.1.1 Secondary Data
2.1.1.1 Key Data From Secondary Sources
2.1.2 Primary Data
2.1.2.1 Key Data From Primary Sources
2.1.2.2 Key Industry Insights
2.1.2.3 Breakdown of Primary Interviews
2.2 Market Size Estimation
2.2.1 Bottom-Up Approach
2.2.2 Top-Down Approach
2.3 Data Triangulation
2.4 Research Assumptions
2.5 Limitations

3 Executive Summary

4 Premium Insights
4.1 Attractive Opportunities in the GFRG Market
4.2 GFRG Market, By Type
4.3 GFRG, By End USE and Region
4.4 GFRG Market, By Application
4.5 GFRG Market, By Country

5 Market Overview
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.1.1 High-Quality Material and Rapid Construction
5.2.1.2 Increase in Number of Construction Projects in Developed and Developing Economies
5.2.1.3 Need for Eco-Friendly and Cost-Effective Construction Products
5.2.2 Restraints
5.2.2.1 Very Less Manufacturing Plants in the Developing Countries
5.2.2.2 Difficulty in Transportation and Building High-Rise Buildings
5.2.2.3 Uncertainty in the Global Political Scenario
5.2.3 Opportunities
5.2.3.1 High Requirement in Natural Calamity Zones and Geographies Vulnerable to Political Unrest
5.2.3.2 Government Regulations on Building Products in Developing Countries
5.2.4 Challenges
5.2.4.1 Lack of Awareness About the Benefits and Unavailability of GFRG/Grg
5.2.4.2 Developing GFRG Manufacturing Plants in APAC and the MEA
5.3 Porter’s Five Forces Analysis
5.3.1 Threat of New Entrants
5.3.2 Threat of Substitutes
5.3.3 Bargaining Power of Suppliers
5.3.4 Bargaining Power of Buyers
5.3.5 Intensity of Competitive Rivalry

6 Macroeconomic Overview and Key Trends
6.1 Introduction
6.2 Trends and Forecast of GDP
6.3 Per Capita GDP vs. Per Capita GFRG Demand
6.4 Trends and Forecast of the Construction Industry

7 GFRG Market, By Type
7.1 Introduction
7.2 Type X
7.3 Type C
7.4 Others

8 GFRG Market, By Application
8.1 Introduction
8.2 Interior
8.2.1 Wall
8.2.2 Ceiling & Floor
8.2.3 Column & Light Cover
8.3 Exterior
8.3.1 Wall
8.3.2 Cladding

9 GFRG Market, By End USE
9.1 Introduction
9.2 Non-Residential Construction
9.2.1 Institutions
9.2.2 Hospitals
9.2.3 Offices
9.2.4 Airports
9.2.5 Others
9.3 Residential Construction

10 GFRG Market, By Region
10.1 Introduction
10.2 North America
10.2.1 US
10.2.2 Canada
10.3 Europe
10.3.1 Germany
10.3.2 UK
10.3.3 France
10.3.4 Italy
10.3.5 Russia
10.3.6 Spain
10.3.7 Rest of Europe
10.4 APAC
10.4.1 China
10.4.2 India
10.4.3 Australia & New Zealand
10.4.4 Rest of APAC
10.5 Middle East & Africa (MEA)
10.5.1 UAE
10.5.2 Saudi Arabia
10.5.3 Oman
10.5.4 South Africa
10.5.5 Rest of MEA
10.6 Latin America
10.6.1 Brazil
10.6.2 Mexico
10.6.3 Argentina

11 Company Profiles
11.1 Certainteed (Subsidiary of Saint-Gobain)
11.2 Saint-Gobain Gyproc
11.3 Continental Building Products
11.4 USG Corporation
11.5 Knauf Danoline A/S
11.6 Georgia-Pacific
11.7 National Gypsum Company
11.8 Yingchuang Building Technique Co. Ltd.
11.9 FACT - RCF Building Products Ltd.
11.10 American Gypsum
11.11 Formglas Products Ltd
11.12 Gillespie
11.13 Other Companies
11.13.1 Shanghai Chuncui Decoration Material Co., Ltd.
11.13.2 Stromberg Architectural
11.13.3 Rapidwall
11.13.4 Plasterceil Industries Pte Ltd
11.13.5 Chiyoda UTE Co., Ltd.
11.13.6 Owens Corning
11.13.7 Horizons Industrial Development Co. L.L.C.
11.13.8 Intexforms, Inc.
11.13.9 Fibrex
11.13.10 Gc Products, Inc.

12 Appendix
12.1 Insights From Industry Experts
12.2 Discussion Guide
12.3 Knowledge Store
12.4 Introducing RT: Real-Time Market Intelligence
12.5 Available Customizations
12.6 Related Reports
12.7 Author Details

List of Tables:
Table 1 Trends and Forecast of GDP, 2017–2022 (USD Billion)
Table 2 Per Capita GDP vs. Per Capita GFRG Demand, 2018
Table 3 Contribution of the Construction Industry in North America, USD Billion (2015–2022)
Table 4 Contribution of the Construction Industry in Europe, USD Billion (2015–2022)
Table 5 Contribution of the Construction Industry in APAC, USD Billion (2015—2022)
Table 6 Contribution of the Construction Industry in the Middle East, 2015—2022 (USD Billion)
Table 7 Contribution of the Construction Industry in Latin America, USD Billion (2015—2022)
Table 8 GFRG Market Size, By Type, 2016–2023 (USD Million)
Table 9 GFRG Market Size, By Type, 2016-2023 (Million Square Meter)
Table 10 Type X GFRG Market Size, By Region, 2016–2023 (USD Million)
Table 11 Type X GFRG Market Size, By Region, 2016-2023 (Million Square Meter)
Table 12 Type C GFRG Market Size, By Region, 2016–2023 (USD Million)
Table 13 Type C GFRG Market Size, By Region, 2016–2023 (Million Square Meter )
Table 14 Other GFRG Market Size, By Region, 2016–2023 (USD Million)
Table 15 Other GFRG Market Size, By Region, 2016–2023 (Million Square Meter )
Table 16 GFRG Market Size, By Application, 2016–2023 (USD Million)
Table 17 GFRG Market Size, By Application, 2016–2023 (Million Square Meter)
Table 18 GFRG Market Size in Interior Application, By Region, 2016–2023 (USD Million)
Table 19 GFRG Market Size in Interior Application, By Region, 2016-2023 (Million Square Meter)
Table 20 GFRG Market Size in Exterior Application, By Region, 2016–2023 (USD Million)
Table 21 GFRG Market Size in Exterior Application, By Region, 2016–2023 (Million Square Meter)
Table 22 GFRG Market Size, By End USE, 2016–2023 (USD Million)
Table 23 GFRG Market Size, By End USE , 2016–2023 (Million Square Meter)
Table 24 GFRG Market Size in Non-Residential Construction, By Region, 2016–2023 (USD Million)
Table 25 GFRG Market Size in Non-Residential Construction, By Region, 2016–2023 (Million Square Meter)
Table 26 GFRG Market Size in Residential Construction, By Region, 2016–2023 (USD Million)
Table 27 GFRG Market Size in Residential Construction, By Region, 2016–2023 (Million Square Meter)
Table 28 GFRG Market Size, By Region, 2016–2023 (USD Million)
Table 29 GFRG Market Size, By Region, 2016–2023 (Million Square Meters)
Table 30 North America: GFRG Market Size, By Type, 2016–2023 (USD Million)
Table 31 North America: GFRG Market Size, By Type, 2016–2023(Million Square Meters)
Table 32 North America: GFRG Market Size, By Application, 2016–2023 (USD Million)
Table 33 North America: GFRG Market Size, By Application, 2016–2023 (Million Square Meters)
Table 34 North America: GFRG Market Size, By End USE, 2016–2023 (USD Million)
Table 35 North America: GFRG Market Size, By End USE, 2016–2023 (Million Square Meters)
Table 36 North America: GFRG Market Size, By Country, 2016–2023 (USD Million)
Table 37 North America: GFRG Market Size, By Country, 2016–2023 (Million Square Meters)
Table 38 Europe: GFRG Market Size, By Type, 2016–2023 (USD Million)
Table 39 Europe: GFRG Market Size, By Type, 2016–2023 (Million Square Meters)
Table 40 Europe: GFRG Market Size, By Application, 2016–2023 (USD Million)
Table 41 Europe: GFRG Market Size, By Application, 2016–2023 (Million Square Meters)
Table 42 Europe: GFRG Market Size, By End USE, 2016–2023 (USD Million)
Table 43 Europe: GFRG Market Size, By End USE, 2016–2023 (Million Square Meters)
Table 44 Europe: GFRG Market Size, By Country, 2016–2023 (USD Million)
Table 45 Europe: GFRG Market Size, By Country, 2016–2023 (Million Square Meters)
Table 46 APAC: GFRG Market Size, By Type, 2016–2023 (USD Million)
Table 47 APAC: GFRG Market Size, By Type, 2016–2023 (Million Square Meters)
Table 48 APAC: GFRG Market Size, By Application, 2016–2023 (USD Million)
Table 49 APAC: GFRG Market Size, By Application, 2016–2023 (Million Square Meters)
Table 50 APAC: GFRG Market Size, By End USE, 2016–2023 (USD Million)
Table 51 APAC: GFRG Market Size, By End USE , 2016–2023 (Million Square Meters)
Table 52 APAC: GFRG Market Size, By Country, 2016–2023 (USD Million)
Table 53 APAC: GFRG Market Size, By Country, 2016–2023 (Million Square Meters)
Table 54 MEA: GFRG Market Size, By Type, 2016–2023 (USD Million)
Table 55 MEA: GFRG Market Size, By Type, 2016–2023 (Million Square Meters)
Table 56 MEA: GFRG Market Size, By Application, 2016–2023 (USD Million)
Table 57 MEA: GFRG Market Size, By Application, 2016–2023(Million Square Meters)
Table 58 MEA: GFRG Market Size, By End USE, 2016–2023 (USD Million)
Table 59 MEA: GFRG Market Size, By End USE, 2016–2023 (Million Square Meters)
Table 60 MEA: GFRG Market Size, By Country, 2016–2023 (USD Million)
Table 61 MEA: GFRG Market Size, By Country, 2016–2023 (Million Square Meters)
Table 62 Latin America: GFRG Market Size, By Type, 2016–2023 (USD Million)
Table 63 Latin America: GFRG Market Size, By Type, 2016–2023 (Million Square Meters)
Table 64 Latin America: GFRG Market Size, By Application, 2016–2023 (USD Million)
Table 65 Latin America: GFRG Market Size, By Application, 2016–2023 (Million Square Meters)
Table 66 Latin America: GFRG Market Size, By End USE, 2016–2023 (USD Million)
Table 67 Latin America: GFRG Market Size, By End USE, 2016–2023 (Million Square Meters)
Table 68 Latin America: GFRG Market Size, By Country, 2016–2023 (USD Million)
Table 69 Latin America: GFRG Market Size, By Country, 2016–2023, (Million Square Meters)

List of Figures:
Figure 1 GFRG: Market Segmentation
Figure 2 GFRG Market: Research Design
Figure 3 Market Size Estimation: Bottom-Up Approach
Figure 4 Market Size Estimation: Top-Down Approach
Figure 5 GFRG Market: Data Triangulation
Figure 6 Type X to Lead the GFRG Market Between 2018 and 2023
Figure 7 Non-Residential End USE Segment to Lead the Gfrp Market Between 2018 and 2023
Figure 8 UAE to Be the Fastest-Growing GFRG Market During the Forecast Period
Figure 9 Interior Application to Dominate the Market Between 2018 and 2023
Figure 10 Europe to Lead the GFRG Market Between 2018 and 2023
Figure 11 Increased Demand From Growing Construction Projects to Drive the GFRG Market Between 2018 and 2023
Figure 12 Type X GFRG to Dominate the Market Between 2018 and 2023
Figure 13 Non-Residential Segment Dominated the GFRG Market in 2017
Figure 14 Interior Application to Dominate the GFRG Market Between 2018 and 2023
Figure 15 UAE to Be the Fastest-Growing Market During the Forecast Period
Figure 16 Overview of Factors Governing the GFRG Market
Figure 17 GFRG Market: Porter’s Five Forces Analysis
Figure 18 Contribution of the Construction Industry in North America, USD Billion (2017 vs. 2022)
Figure 19 Contribution of the Construction Industry in Europe, USD Billion (2017 vs. 2022)
Figure 20 Contribution of the Construction Industry in APAC, USD Billion (2017 vs. 2022)
Figure 21 Contribution of the Construction Industry in the Middle East,USD Billion (2017 vs. 2022)
Figure 22 Contribution of the Construction Industry in Latin America, USD Billion (2017 vs. 2022)
Figure 23 Type X to Dominate the GFRG Market Between 2018 and 2023
Figure 24 Europe to Lead the Type X Segment, Between 2018 and 2023
Figure 25 Europe to Lead the Other GFRG Market Between 2018 and 2023
Figure 26 Interior Application to Dominate the GFRG Market Between 2018 and 2023
Figure 27 Europe to Lead the GFRG Market in Interior Application,
Figure 28 Non-Residential Construction to Lead the GFRG Market Between 2018 and 2023
Figure 29 MEA to Be Fastest-Growing GFRG Market in Non-Residential Construction, 2018–2023
Figure 30 Europe to Lead the GFRG Market in Residential Construction Between 2018 and 2023
Figure 31 UAE to Be the Fastest-Growing GFRG Market Between 2018 and 2023
Figure 32 North America: GFRG Market Snapshot
Figure 33 Europe: GFRG Market Snapshot
Figure 34 APAC: GFRG Market Snapshot
Figure 35 Continental Building Products: Company Snapshot
Figure 36 Continental Building Products: Swot Analysis
Figure 37 USG Corporation: Company Snapshot
Figure 38 USG Corporation: Swot Analysis

Note: Product cover images may vary from those shown
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FEATURED COMPANIES

  • American Gypsum
  • Fibrex
  • Gc Products, Inc.
  • Gillespie
  • Knauf Danoline A/S
  • Owens Corning
  • MORE

The GFRG market is projected to reach USD 3.44 Billion by 2023, at a CAGR of 7.0% between 2018 and 2023. The growth of the GFRG market can be attributed to the increasing use of GFRG in construction activities, owing to their exceptional properties, such as aesthetic appeal, sound absorption, fire resistance, moisture resistance, and rapid construction.

The GFRG market has been segmented on the basis of type, application, end user, and region. Based on type, the GFRG market has been classified into Type X, Type C, and others. The Type X segment of the GFRG market is projected to grow at the highest CAGR during the forecast period, in terms of value and volume. Type X is the most commonly used material for the manufacturing of GFRG, owing to its easy availability, good temperature resistance, and low cost. The growth of the Type X segment can be attributed to the increasing adoption of Type X gypsum board in several construction projects, owing to their properties such as high strength, good temperature resistance, and rapid construction.

Based on application, the GFRG market has been classified into interior and exterior. The interior segment is expected to lead the GFRG market during the forecast period, in terms of value and volume. The growth of the interior segment can be attributed to the ability of GFRG to be used as loadbearing walls, partition walls, and others, which are economical. They are used in both residential and non-residential buildings.

Based on end user, the GFRG market has been segmented into residential and non-residential. The non-residential end user segment is projected to lead the GFRG market during the forecast period, in terms of value and volume. The growth of the non-residential end user segment can be attributed to the increased use of GFRG in non-residential buildings, such as offices, institutes, hospitals, gymnasiums, cinema theatres, museums, and auditoriums.

Europe is the largest market for GFRG, in terms of value and volume. The growth of the GFRG market in Europe can be attributed to the presence of leading GFRG manufacturers, such as Knauf Danoline (Denmark), Gillespie (UK), and the growth of the building & construction industry in the region. The GFRG market in MEA is projected to grow at the highest CAGR from 2018 to 2023, in terms of volume and value, owing to the increase in the number of construction activities in this region.

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  • Certainteed (Subsidiary of Saint-Gobain)
  • Saint-Gobain Gyproc
  • Continental Building Products
  • USG Corporation
  • Knauf Danoline A/S
  • Georgia-Pacific
  • National Gypsum Company
  • Yingchuang Building Technique Co. Ltd.
  • FACT - RCF Building Products Ltd.
  • American Gypsum
  • Formglas Products Ltd
  • Gillespie
  • Shanghai Chuncui Decoration Material Co., Ltd.
  • Stromberg Architectural
  • Rapidwall
  • Plasterceil Industries Pte Ltd
  • Chiyoda UTE Co., Ltd.
  • Owens Corning
  • Horizons Industrial Development Co. L.L.C.
  • Intexforms, Inc.
  • Fibrex
  • Gc Products, Inc.
Note: Product cover images may vary from those shown
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