Glass Fiber Reinforced Concrete (GFRC) Market is anticipated to rise at a CAGR f

Posted by omkar on October 25th, 2019

Glass fiber reinforced concrete is a specialized type of concrete that is mixed with glass fibers. This type of concrete is effectively used in creating exterior facade wall panels, vanity tops, fireplace surrounds and concrete countertops. Glass fiber reinforced concrete can be produced either by extrusion or by injection-moulded process.

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Due to its unique properties and tensile strength, this concrete is widely used in numerous applications such as building renovation works, water and drainage works, bridge and tunnel lining panels, architectural cladding, acoustic barriers and screens and so on. Glass fiber reinforced concrete technology is becoming a technology of choice when it comes to unique and manufacture able concrete designs. As engineers, architects, fabricators, and contractors are leaning towards attributes such as high early strength, faster curing and lighter weight concrete casted pieces, glass fiber reinforced concrete is currently considered to be a primary choice. Since past few years, there has been a strong increase in the experimental and numerical research and application in the field of glass fiber reinforced concrete. Researchers across the globe are attempting to develop high performance concretes by using fibres such as glass, carbon, polypropylene and aramid fibres and other admixtures in concrete up to certain proportions. Many such studies enabled scientists to develop new technologies such as hybrid glass fiber reinforced concrete technology which utilizes the latest in cementitious technology. Development of such advanced technologies opens new avenues in the industry and contributes to increase the market size.

With increasing investment from government and private sectors, construction industry is experiencing a tremendous growth across the globe. The advantages offered by glass fiber reinforced concrete enable reduce the construction cost and time. This primarily drives the growth of glass fiber reinforced concrete market during the forecast period. Increasing demand for light weight and corrosion resistant material, growing adoption of environment friendly material, and growing awareness of GFRC technology are some additional factors contributing to the growth of this market. However, lack of awareness about precast concrete method among end users and lower ductility of GFRC as compared to SRC is limiting its widespread adoption.

Market Segmentation:

The glass fiber reinforced concrete market is segmented on the process, application and geography. By process the market is segmented into spray, premix, and hybrid. On the basis of application the market is segmented into commercial, residential, and civil and other infrastructure construction. Geographic breakdown and deep analysis of each of the aforementioned segments is included for North America, Europe, Asia-Pacific, and LAMEA.

The players operating in glass fiber reinforced concrete market adopted various organic and inorganic strategies such as product development and launches, product enhancements, partnerships and collaborations to develop their market presence and enhance their product portfolio. Players also focus on enhancing their geographic presence by expanding their business globally. These activities enable the companies to expand their customer base and gain competitive edge in the market.

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Market Players:       

Comprehensive competitive analysis and profiles of major market players such as BCM GRC, Domcrete GFRC Countertop Supplies, Betofiber A/S, Blue Concrete, CHENG Concrete, Fibrobeton Yapi Elemanlari, Fibrex Construction Group, Fishtone, Frey-Fil Corp., Formglas Products Ltd., and GB Architectural Cladding Products Ltd. is also provided in this report.