The glass fiber reinforced concrete global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Glass Fiber Reinforced Concrete Market,
2024 report by The Business Research Company offers comprehensive insights into
the current state of the market and highlights future growth opportunities.
Market Size -
The glass fiber reinforced concrete market size has grown rapidly in recent
years. It will grow from $3.51 billion in 2023 to $3.97 billion in 2024 at a
compound annual growth rate (CAGR) of 13.2%.
The growth in the historic period
can be attributed to renovation and restoration projects, increased demand from
the construction industry, rising demand from the residential sector, growing
demand from the 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 $6.65 billion in 2028 at a compound
annual growth rate (CAGR) of 13.7%. 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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Scope Of Glass Fiber Reinforced Concrete
Market
The Business Research Company's reports encompass a wide range of information,
including:
1. Market Size (Historic and Forecast): Analysis of the market's historical
performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market
landscape.
4. Key Segments: Breakdown of the market into its primary segments and their
respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and
geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting
the market.
Market Drivers -
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.
Market Trends -
Product innovations have emerged as the key trend gaining popularity in the 5G
chipset market. The major players in the market are developing innovative
products for market growth. For instance, in June 2021, Samsung Electronics, a
South Korea-based electronics company, developed 3GPP Rel.16 compliant
chipsets, a range of next-generation 5G chipsets that deliver cutting-edge 5G
technologies. The new chipsets consist of a second-generation 5G modem
System-on-Chip (SoC), a third-generation mmWave Radio Frequency Integrated
Circuit (RFIC) chip, and a Digital Front End (DFE)-RFIC integrated chip. These
are designed to increase power efficiency, boost performance, and reduce the
size of 5G solutions.
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
& Other Infrastructure Construction
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Regional Insights -
North America was the largest region in the glass fiber reinforced concrete
market in 2023. 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
Key Companies -
Major companies operating in the glass fiber reinforced concrete market report
are 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.
Table of Contents
1. Executive Summary
2. Glass Fiber Reinforced Concrete
Market Report Structure
3. Glass Fiber Reinforced Concrete
Market Trends And Strategies
4. Glass Fiber Reinforced Concrete
Market – Macro Economic Scenario
5. Glass Fiber Reinforced Concrete
Market Size And Growth
…..
27. Glass Fiber Reinforced Concrete
Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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