Glass Fibre Reinforced Concrete (GFRC) Market Size and Share Outlook - Forecast Trends and Growth Analysis Report (2025-2034)

The global market for glass fibre reinforced concrete (GFRC) reached a value of USD 3.32 Billion in 2024. The global glass fibre reinforced concrete (GFRC) market is expected to grow at a CAGR of 10.00% in the forecast period of 2025-2034, reaching a value of USD 8.61 Billion by 2034.

Sprayed Segment to Bolster the Growth of the Glass Fibre Reinforced Concrete (GFRC) Industry

Based on type, the sprayed segment accounts for a considerable share in the market, as sprayed GFRC bolsters construction activities by speeding up the pre- and post-construction processes. Sprayed GFRC increases bond-strength, reduces the construction time and money, and is highly efficient and precise.

Over the forecast period, the growing expansion of sprayed concrete association (SCA) is likely to propel the demand for sprayed GFRC in a wide variety of new constructions, underground constructions, strengthening and repair of structures, slop stabilisation, and water retaining structure construction. The segment’s growth will further be aided by the thriving construction industry in the emerging economies of the world.

North America Accounts for the Largest Share in the Market

The glass fibre reinforced concrete (GFRC) market in North America is driven by the rising demand for the product in the residential, commercial, and industrial construction sector, rising immigration, and increasing disposable income. The market is anticipated to be augmented by the expanding healthcare infrastructure in the United States and Canada. The rapid development of restaurants, resorts, hotels, and pubs, owing to the thriving travel and tourism industry in the region, is likely to boost the demand for GFRC in the forecast period.

Glass Fibre Reinforced Concrete (GFRC): Industry Definition and Segmentation

Glass fibre reinforced concrete (GFRC) is defined as a specialised form of concrete which contains fibrous materials, with combinations of cement, polymers, glass fibres, fine aggregates, and chemical admixtures. GFRC has considerably high tensile strength and high impact resistance.

Based on type, the market is segmented into:

• Sprayed
• Premix
• Hybrids

The significant applications of the glass fibre reinforced concrete (GFRC) include:

• Architecture
• Cladding and Moldings
• Landscaping
• Foundations and Floors
• Roofing
• Walls and Windows
• Engineering
• Permanent Formwork
• Utilities and Water Management
• Bridges and Tunnels
• Defence
• Other

Regional markets for the product include

• North America, Europe
• Asia Pacific
• Latin America
• Middle East and Africa

Rising Applications in the Defence Sector to Bolster the Glass Fibre Reinforced Concrete (GFRC) Industry

The global glass fibre reinforced concrete (GFRC) market is driven by the rising applications of the product in the defence industry. This can be attributed to the growing investments towards constructing military headquarters owing to the geopolitical tensions between emerging economies.

Across the span of the forecast period, the rising demand for housing, recreational, and medical facilities for military bases is likely to propel the GFRC market. The market is anticipated to be aided by the growing demand for the product from the educational sector, owing to the rising investments aimed towards building schools and colleges.

Key Players in the Global Glass Fibre Reinforced Concrete (GFRC) Market

The report gives a detailed analysis of the following key players in the global market for glass fibre reinforced concrete, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:

• BarChip Pty Ltd.
• Chiltern GRC Ltd
• Formglas Products Ltd
• Pennine Stone Ltd
• Betofibre Yapi Elemanlari
• Others

The comprehensive report provides an in-depth assessment of the industry based on the Porter's five forces model along with giving a SWOT analysis.