The Business Research Company’s report on the Glass Fiber Reinforced Concrete Market provides insights into the global market size, growth rate, regional distribution, competitive landscape, key segments, emerging trends, and strategic opportunities.
How have key drivers contributed to the rapid growth of the glass fiber reinforced concrete market?
Increasing emphasis on green buildings is significantly driving the growth of the glass fiber-reinforced concrete market. Green building refers to the design, construction, and operation of structures that prioritize energy efficiency, resource conservation, sustainability, and environmental responsibility. Green buildings use glass fiber-reinforced concrete as a predominant option for sustainable construction. For example, according to the World Green Building Council, a US-based non-profit organization and global network of national Green Building Councils, by 2030, all new construction will have at least 40% less embodied carbon than existing structures, along with considerable upfront carbon reductions, and all new structures will have net zero operating carbon. Thus, significant emphasis on green buildings will invariably create huge demand for green fiber reinforced concrete and is expected to propel the growth of the glass fiber reinforced concrete market going forward.
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How has the glass fiber reinforced concrete market size evolved, and what are the latest forecasts for its expansion?
The glass fiber reinforced concrete market size has grown rapidly in recent years. It will grow from $3.92 billion in 2024 to $4.42 billion in 2025 at a compound annual growth rate (CAGR) of 12.7%. The growth in the historic period can be attributed to renovation and restoration projects, increased demand fromThe construction industry, rising demand fromThe residential sector, growing demand fromThe commercial sector, increased urbanization.
The glass fiber reinforced concrete market size is expected to see rapid growth in the next few years. It will grow to $7.65 billion in 2029 at a compound annual growth rate (CAGR) of 14.7%. The growth in the forecast period can be attributed to increasing preference for sustainable construction, growth in commercial construction, infrastructure investments, development of ultra-high-performance GFRC, growing demand for lightweight and durable construction materials. Major trends in the forecast period include 3d printing technology, customization and personalization, thin and lightweight panels, advancements in manufacturing techniques, integration of fiber optics and lighting.
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Which major companies dominate the glass fiber reinforced concrete market?
Major companies operating in the glass fiber reinforced concrete market include Ultratech Cement Ltd., Formglas Products Ltd., Willis Construction Co. Inc., Clark Pacific Corp., Loveld UK Ltd., Fibrex Construction Group LLC, Nanjing Beilida New Material System Engineering Co. Ltd., Low & Bonar India Pvt. Ltd., Stromberg Architectural Products Inc., Betofiber A. S., Bb Fiberbeton AS, BCM GRC Ltd., Blue Fox Concrete Products Private Limited, CHENG Concrete LLC, Fishstone Ltd., Frey-Fil Corporation, GB Architectural Cladding Products Ltd., Hard Rock Developments Ltd., Pennine Stone Ltd., Surecrete Design Products Inc., Glass Reinforced Concrete UK Ltd., Telling Ltd., Grass Roots Research & Creation India Ltd., BarChip Pty Ltd., CEMEX SAB de CV, Sika AG, N. V. Bekaert S. A., GCP Applied Technologies Inc., Modern Building Contracting Company, Blue Ridge Fiberboard Inc., Cast Supply Ltd., Cemrock Landscapes Inc., Concreteworks East Inc., Dura Art Stone Inc., Elite Crete Systems Inc., Envision Concrete Inc.
What trends will shape the future of the glass façade market?
3D printing is a key trend gaining popularity in the glass fiber reinforced concrete market. Major companies operating in the glass fiber reinforced concrete sector are focused on developing and using 3D printing solutions to strengthen their position. For instance, in October 2022, Branch Technology, a US-based construction tech company, announced the launch of its new BranchClad GFRC product line, which received Environmental Product Declaration (EPD) certification. This advancement highlights the company’s commitment to sustainable construction practices while offering innovative 3D-printed cladding solutions that conform to stringent environmental standards. This product line aims to provide architects and builders with eco-friendly options that maintain high performance and aesthetic appeal.
Which region dominates the glass fiber reinforced concrete market, and what factors contribute to its leadership?
North America was the largest region in the glass fiber reinforced concrete market in 2024.Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the glass fiber reinforced concrete market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
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How is the glass fiber reinforced concrete market segmented, and which segment holds the largest share?
The glass fiber reinforced concrete market covered in this report is segmented –
1) By Process: Spray, Premix, Hybrid
2) By Type: C30, C60, C100
3) By Application: Commercial Construction, Residential Construction, Civil And Other Infrastructure Construction
Subsegments:
1) By Spray: Wet Spray, Dry Spray
2) By Premix: Ready-Mix, Site-Mix
3) By Hybrid: Combination Of Wet And Dry Methods, Custom Blending Techniques
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How is the glass fiber reinforced concrete market defined?
Glass fiber reinforced concrete refers to a composite material or plastic that has been strengthened with fibers consisting of tiny glass fibers such as fine sand, cement, polymer, water, other admixtures, and alkali-resistant (AR) fibers and is used to make structural concrete products that are both strong and lightweight, such as building panels, exterior building façade panels, and architectural precast concrete.
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