Glass Fiber Reinforced Concrete (GFRC) Market 2019 – Overview with Industry Data, Business Plans and Industry Innovative Growth Rate, Trends 2019-2024

The “Glass Fiber Reinforced Concrete (GFRC) Market” report 2019-2024 is a proficient and in-depth research report on the world’s major regional market conditions, focusing on the main regions. Glass Fiber Reinforced Concrete (GFRC) market report offers an extensive analysis of Glass Fiber Reinforced Concrete (GFRC) industry to guide market players, new entrants and investors to get opinion of Glass Fiber Reinforced Concrete (GFRC) industry. Glass Fiber Reinforced Concrete (GFRC) market report comprises the market size, share, types, applications, market dynamics, latest trends, and company profiles.

Scope of the Report:

This report studies the global Glass Fiber Reinforced Concrete (GFRC) market size, industry status and forecast, competition landscape and growth opportunity.

Market Overview:

The global glass fiber reinforced concrete market is expected to record a CAGR of over 9.5% during the forecast period of 2019–2024. The major factors driving the market studied are increased emphasis on green buildings (LEED ratings), superior mechanical characteristics (high strength-to-weight ratio), and the use of recycled material for production.
-Premium pricing, lack of ductility, and constraints regarding DIY activities are expected to hinder the growth of the market studied.
-Emphasis on using fire-retardant building materials, the growing popularity of GFRC structural insulated panels, and recovering construction and housing sector in Europe are likely to act as an opportunity to the market studied in the forecast period.

Top Key Players of Glass Fiber Reinforced Concrete (GFRC) Market Report Are:

BarChip Pty Ltd.
BCM GRC Ltd.
Betofiber A.S.
Blueconcrete
CHENG Concrete
Fibrex Construction Group
Fibrobeton Yap? Elemanlar?
Fishstone
Formglas Products Ltd.
Frey-Fil Corporation
GB Architectural Cladding Products Ltd.
Glass Reinforced Concrete UK Ltd.
HUESKER
Loveld Nv
Low & Bonar
Pennine Stone Ltd.
Propex Operating Company
LLC.
Surecrete Design Products
Telling Ltd

Key Market Trends:

Sprayed – The Fastest Growing Segment by Type

– Sprayed GFRC has been known for its ultimate performance and flexibility, across the world.
– The higher flexural strength requires the use of higher fiber content 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.
– It is little common to premix with other forms of precast concrete. 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.
– Sprayed GFRC equipment is costlier than premix equipment. The higher performance and usage in different constructive applications made this material widely preferable by the end-users.
– Thus, from the points mentioned above, the glass fiber reinforced concrete market has high scope over the forecast period.

North America Region to Lead the Market

– North America was the largest market for glass fiber reinforced concrete with United States leading the consumption.
– 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.
– Residential construction spending in the country slightly fluctuated in 2017. However, the normal pace was restored gradually in 2018, when compared to 2017. With the growing construction industry in the country, there is an increase in the number of new homes.
– In addition, growth is also being witnessed in the housing repair and refurbishment activities. The Harvard Joint Center for Housing Studies witnessed the remodeling expenditures for housing in the United States and reached USD 340 billion in 2018, exhibiting a growth of 7.5% over 2017.
– The construction sector of Canada has witnessed a positive growth in 2018, 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 has also increased at a moderate rate in 2017.
– All these factors would rapidly drive the market for glass fiber reinforced concrete in North America region during the forecast period.

Glass Fiber Reinforced Concrete (GFRC) Market Report Answers Following Questions:

What are the important R&D (Research and Development) factors and data identifications to responsible for rising market share?
What are future investment opportunities in the in Glass Fiber Reinforced Concrete (GFRC) Devices landscape analyzing price trends?
Which are most dynamic companies with ranges and recent development within Glass Fiber Reinforced Concrete (GFRC) Devices Market till 2024?
In what way is the market expected to develop in the forthcoming years?
What are the principle issues that will impact development, including future income projections?
What are market opportunities and potential risks associated with Glass Fiber Reinforced Concrete (GFRC) Devices by analyzing trends?