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Global Glassfibre Reinforced Concrete Market Insight
2022-01-19 Comments

The Glassfibre Reinforced Concrete is forecast to smooth over the next four years. According to the WK-chem Research “Global Glassfibre Reinforced Concrete Professional Survey Report 2022, Forecast to 2027”, with the increasing demand of the spraying process industry,the Glassfibre Reinforced Concrete industry is developing at an incredible speed. According to the WK-chem regression analysis model, the compound annual growth rate (CAGR) for the period 2022-2027 is expected to be 5.76%.

Analysts’ Viewpoint:

“The use of Glassfibre Reinforced Concrete technology in the manufacture and use of spraying process is expected to provide various opportunities for market growth, Senior analyst, Chemical & Material Market Research Center in WK-chem.” It is expected that during the forecast period, the architecture industry will dominate the global Glassfibre Reinforced Concrete market.”

Market insight:

The rapidly growing construction industry, technological advancements in the construction industry, and the advantages offered by precast concrete such as reduced cost and time and ease of installation are contributing to the growth of the precast concrete market. The use of fiberglass in precast concrete helps prevent or delay crack propagation. Expanding populations and rapid urbanization and industrialization in emerging economies are expected to drive governments to increase construction spending to meet growing infrastructure needs. This, in turn, is expected to drive the demand for glass fiber reinforced concrete for various construction applications. Product manufacturers are actively involved in research and development related to the production of glass fibers for reinforcement and are increasingly focusing on the production of advanced reinforcement glass fibers with different sizes and properties. This is expected to increase product penetration across the construction industry.

Competition Landscape:

This WK-chem market report is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading Glassfibre Reinforced Concrete companys that include Ultratech Cement Ltd.,Formglas Products Ltd.,Willis Construction Co. Inc.,Clark Pacific,Loveld .etc.

Segmentation of Glassfibre Reinforced Concrete Market:

According to the process, glass fiber reinforced concrete can be divided into: spray, premix, hybrid. The spray process segment leads the market owing to the increasing demand from the construction industry, and the ease of use of fluid concrete mixes helps to expedite the process, thereby driving the segment growth over the forecast period. The spraying process uses a spray gun to spray the concrete. In addition, the gun cuts and sprays long glass fibers simultaneously. This process produces concrete with excellent strength due to the use of high fiber loading and long fiber lengths. Glass fiber reinforced concrete can be divided into: commercial buildings, residential construction, civil and other infrastructure construction by application. In 2021, the commercial construction sector will account for nearly half of global revenue. The product helps manage cracks and reduces the permeability of buildings. Foundations, grade slabs, floors, basements and walls are key application areas where concrete reinforcement is required to extend the life of these structures. Civil and other infrastructure construction industries utilize GFRC to address corrosion problems. It helps repair damaged beams and columns and strengthen structural components of bridges and other structures. Excellent crack resistance, load-carrying capacity and impact resistance are likely to further drive its demand.

Glassfibre Reinforced Concrete Market: Regional Analysis

In terms of geography, the global Glassfibre Reinforced Concrete market has been segmented into: North America, Asia Pacific, Europe, South America, and the Middle East and Africa. North America will account for the largest share of revenue in 2021 and the demand for concrete reinforcement fibers in construction and construction applications in North America is expected to grow due to the growth of residential and commercial construction in the United States. In addition, consumers are choosing residential, commercial and infrastructure construction in the country advanced products in the field. Residential construction in the region has been significantly influenced by the efforts of governments to provide housing facilities for the growing population. Rising efforts by certain independent governments and parastatal agencies such as INFONAVIT, PEMEX, and CONAVI are likely to fuel the growth in residential construction, thereby driving the growth of the regional GFRC market.

Cagr: 5.76%
Largest share area:North America
Largest share country:the United States
Product Type:A,spray B,premix C,hybrid
Application:A,foundations B,grade slabs C,floors D,basementsLeading Company:Ultratech Cement Ltd.,Formglas Products Ltd.,Willis Construction Co. Inc.,Clark Pacific,Loveld