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Global Glass Fibre Reinforced Concrete (GFRC) Market Share: By Type: Sprayed, Premix, Hybrids; By Application: Architecture, Engineering, Defence, Other; Regional Analysis; Market Dynamics: SWOT Analysis, Porter’s Five Forces Analysis; Competitive Landscape; Industry Events and Developments; 2024-2032
Global Glass Fibre Reinforced Concrete (GFRC) Market Outlook
The global market for glass fibre reinforced concrete (GFRC) reached a value of USD 3.32 billion in 2023. The global glass fibre reinforced concrete (GFRC) market is expected to grow at a CAGR of 10% in the forecast period of 2024-2032, reaching a value of USD 7.83 billion by 2032.
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.
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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.
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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
The regional markets for the product include North America, Europe, the Asia Pacific, Latin America, and the 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.
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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 EMR report provides an in-depth assessment of the industry based on the Porter's five forces model along with giving a SWOT analysis.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Type |
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| Breakup by Application |
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| Breakup by Region |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Snapshot
6.1 Global
6.2 Regional
7 Industry Opportunities and Challenges
8 Global Glass Fibre Reinforced Concrete (GFRC) Market Analysis
8.1 Key Industry Highlights
8.2 Global Glass Fibre Reinforced Concrete (GFRC) Historical Market (2018-2023)
8.3 Global Glass Fibre Reinforced Concrete (GFRC) Market Forecast (2024-2032)
8.4 Global Glass Fibre Reinforced Concrete (GFRC) Market by Type
8.4.1 Sprayed
8.4.1.1 Market Share
8.4.1.2 Historical Trend (2018-2023)
8.4.1.3 Forecast Trend (2024-2032)
8.4.2 Premix
8.4.2.1 Market Share
8.4.2.2 Historical Trend (2018-2023)
8.4.2.3 Forecast Trend (2024-2032)
8.4.3 Hybrids
8.4.3.1 Market Share
8.4.3.2 Historical Trend (2018-2023)
8.4.3.3 Forecast Trend (2024-2032)
8.5 Global Glass Fibre Reinforced Concrete (GFRC) Market by Application
8.5.1 Architecture
8.5.1.1 Market Share
8.5.1.2 Historical Trend (2018-2023)
8.5.1.3 Forecast Trend (2024-2032)
8.5.1.4 Breakup by Type
8.5.1.4.1 Cladding and Mouldings
8.5.1.4.2 Landscaping
8.5.1.4.3 Foundations and Floors
8.5.1.4.4 Roofing
8.5.1.4.5 Walls and Windows
8.5.2 Engineering
8.5.2.1 Market Share
8.5.2.2 Historical Trend (2018-2023)
8.5.2.3 Forecast Trend (2024-2032)
8.5.2.4 Breakup by Type
8.5.2.4.1 Permanent Formwork
8.5.2.4.2 Utilities and Water Management
8.5.2.4.3 Bridges and Tunnels
8.5.3 Defence
8.5.3.1 Market Share
8.5.3.2 Historical Trend (2018-2023)
8.5.3.3 Forecast Trend (2024-2032)
8.5.4 Other
8.6 Global Glass Fibre Reinforced Concrete (GFRC) Market by Region
8.6.1 Market Share
8.6.1.1 North America
8.6.1.2 Europe
8.6.1.3 Asia Pacific
8.6.1.4 Latin America
8.6.1.5 Middle East and Africa
9 Regional Analysis
9.1 North America
9.1.1 Historical Trend (2018-2023)
9.1.2 Forecast Trend (2024-2032)
9.1.3 Breakup by Country
9.1.3.1 United States of America
9.1.3.2 Canada
9.2 Europe
9.2.1 Historical Trend (2018-2023)
9.2.2 Forecast Trend (2024-2032)
9.2.3 Breakup by Country
9.2.3.1 United Kingdom
9.2.3.2 Germany
9.2.3.3 France
9.2.3.4 Italy
9.2.3.5 Others
9.3 Asia Pacific
9.3.1 Historical Trend (2018-2023)
9.3.2 Forecast Trend (2024-2032)
9.3.2.1 Breakup by Country
9.3.2.2 China
9.3.2.3 Japan
9.3.2.4 India
9.3.2.5 ASEAN
9.3.2.6 Australia
9.3.2.7 Others
9.4 Latin America
9.4.1 Historical Trend (2018-2023)
9.4.2 Forecast Trend (2024-2032)
9.4.3 Breakup by Country
9.4.3.1 Brazil
9.4.3.2 Argentina
9.4.3.3 Mexico
9.4.3.4 Others
9.5 Middle East and Africa
9.5.1 Historical Trend (2018-2023)
9.5.2 Forecast Trend (2024-2032)
9.5.3 Breakup by Country
9.5.3.1 Saudi Arabia
9.5.3.2 United Arab Emirates
9.5.3.3 Nigeria
9.5.3.4 South Africa
9.5.3.5 Others
10 Market Dynamics
10.1 SWOT Analysis
10.1.1 Strengths
10.1.2 Weaknesses
10.1.3 Opportunities
10.1.4 Threats
10.2 Porter’s Five Forces Analysis
10.2.1 Supplier’s Power
10.2.2 Buyer’s Power
10.2.3 Threat of New Entrants
10.2.4 Degree of Rivalry
10.2.5 Threat of Substitutes
10.3 EMR’s Key Indicators for Demand
10.4 EMR’s Key Indicators for Price
11 Competitive Landscape
11.1 Market Structure
11.2 Company Profiles
11.2.1 BarChip Pty Ltd.
11.2.1.1 Company Overview
11.2.1.2 Product Portfolio
11.2.1.3 Demographic Reach and Achievements
11.2.1.4 Certifications
11.2.2 Chiltern GRC Ltd
11.2.2.1 Company Overview
11.2.2.2 Product Portfolio
11.2.2.3 Demographic Reach and Achievements
11.2.2.4 Certifications
11.2.3 Formglas Products Ltd
11.2.3.1 Company Overview
11.2.3.2 Product Portfolio
11.2.3.3 Demographic Reach and Achievements
11.2.3.4 Certifications
11.2.4 Pennine Stone Ltd
11.2.4.1 Company Overview
11.2.4.2 Product Portfolio
11.2.4.3 Demographic Reach and Achievements
11.2.4.4 Certifications
11.2.5 BetoFibre Yapi Elemanlari
11.2.5.1 Company Overview
11.2.5.2 Product Portfolio
11.2.5.3 Demographic Reach and Achievements
11.2.5.4 Certifications
11.2.6 Others
12 Industry Events and Developments
List of Figures and Tables
1. Global Glass Fibre Reinforced Concrete (GFRC) Market: Key Industry Highlights, 2018 and 2032
2. Global Glass Fibre Reinforced Concrete (GFRC) Historical Market: Breakup by Type (USD Million), 2018-2023
3. Global Glass Fibre Reinforced Concrete (GFRC) Market Forecast: Breakup by Type (USD Million), 2024-2032
4. Global Glass Fibre Reinforced Concrete (GFRC) Historical Market: Breakup by Application (USD Million), 2018-2023
5. Global Glass Fibre Reinforced Concrete (GFRC) Market Forecast: Breakup by Application (USD Million), 2024-2032
6. Global Glass Fibre Reinforced Concrete (GFRC) Historical Market: Breakup by Region (USD Million), 2018-2023
7. Global Glass Fibre Reinforced Concrete (GFRC) Market Forecast: Breakup by Region (USD Million), 2024-2032
8. North America Glass Fibre Reinforced Concrete (GFRC) Historical Market: Breakup by Country (USD Million), 2018-2023
9. North America Glass Fibre Reinforced Concrete (GFRC) Market Forecast: Breakup by Country (USD Million), 2024-2032
10. Europe Glass Fibre Reinforced Concrete (GFRC) Historical Market: Breakup by Country (USD Million), 2018-2023
11. Europe Glass Fibre Reinforced Concrete (GFRC) Market Forecast: Breakup by Country (USD Million), 2024-2032
12. Asia Pacific Glass Fibre Reinforced Concrete (GFRC) Historical Market: Breakup by Country (USD Million), 2018-2023
13. Asia Pacific Glass Fibre Reinforced Concrete (GFRC) Market Forecast: Breakup by Country (USD Million), 2024-2032
14. Latin America Glass Fibre Reinforced Concrete (GFRC) Historical Market: Breakup by Country (USD Million), 2018-2023
15. Latin America Glass Fibre Reinforced Concrete (GFRC) Market Forecast: Breakup by Country (USD Million), 2024-2032
16. Middle East and Africa Glass Fibre Reinforced Concrete (GFRC) Historical Market: Breakup by Country (USD Million), 2018-2023
17. Middle East and Africa Glass Fibre Reinforced Concrete (GFRC) Market Forecast: Breakup by Country (USD Million), 2024-2032
18. Global Glass Fibre Reinforced Concrete (GFRC) Market Structure
Key Questions Answered in the Report
In 2023, the global market for glass fibre reinforced concrete (GFRC) attained a volume of nearly USD 3.32 billion.
The market is estimated to grow at a CAGR of 10% between 2024 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032, reaching a value of USD 7.83 billion by 2032.
The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific, among which, North America dominates the market.
The major drivers of the market include the rising applications of the product in the construction, defence, and education sectors, coupled with the rising population and disposable income.
The changing preference of manufacturers towards (GFRC) as an efficient and strong alternative to steel reinforcements, is expected to be a key trend guiding the growth of the industry.
Sprayed, premix, and hybrids are the major types of GFRC products.
Architecture, engineering, and defence, among others, are the different applications in the market.
The major players in the glass fibre reinforced concrete (GFRC) market are BarChip Pty Ltd., Chiltern GRC Ltd, Formglas Products Ltd, Pennine Stone Ltd, and Betofibre Yapi Elemanlari, among others.
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