A
new research report by Transparency Market Research offers a
comprehensive evaluation of the global Glass
Fiber Reinforced Concrete Market.
The study, titled “Glass
Fiber Reinforced Concrete (GFRC) Market - Global Industry Analysis,
Size, Share, Growth, Trends and Forecast 2016 - 2024”,
is available for sale on the firm’s website.
Global
GFRC Market: Overview
The
global glass fiber reinforced concrete market (GFRC) is likely to
gain significant momentum in the coming years, owing to the rising
concerns about environment conservation. GFRC is produced using
recycled and low toxicity raw materials including glass fibers, sand,
cement, and water. They offer superior mechanical characteristics as
compared to traditional building materials such as steel reinforced
concrete (SRC). GFRC is durable, lightweight, and long lasting,
thereby reducing the maintenance and transportation costs associated
with its usage. The growing awareness regarding the advantages
offered by this concrete is estimated to augur well for the growth of
the global market.
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Report Preview:
The
report provides an in-depth analysis of the various critical
parameters of the global GFRC market. It presents a detailed
description of the market dynamics including trends and
opportunities. It serves as an essential source of analysis and
information regarding the competitive landscape of the global GFRC
market. It profiles the key companies operating in the market along
with their business strategies, market shares, cost and revenue
structure, and latest developments. It also takes into account a SWOT
analysis that discloses the anticipated trajectory each key company
will experience. For a coherent understanding, the report has
segmented the market on the basis of various criteria including
geography and application.
Global
GFRC Market: Drivers and Restraints
The
global GFRC market is primarily driven by the increasing emphasis on
green buildings, which are rated by the Leadership in Energy and
Environmental Design (LEED). The rising penetration in end-use
industries is fuelling the market. Other factors such as rapid
urbanization and flourishing growth of the construction sector in
emerging economies are working in favor of the growth of the market.
Despite
the numerous advantages offered by GFRC, its lower ductility as
compared to SRC is limiting its widespread adoption. Moreover, the
capital intensive research and development leads to the high final
cost, which in turn is hampering the growth of the market.
Nevertheless, the market looks bright in developing countries owing
to increasing emphasis on GFRC structural insulated panels and
fire-retardant building materials. Furthermore, the advent of new
technologies are expected to reduce the cost of GFRC, thereby
boosting its adoption in the near future.
Global
GFRC Market: Regional Outlook
On
the basis of geography, the global GFRC market can be segmented into
North America, Asia Pacific, Latin America, Europe, and the Middle
East and Africa. The Europe region is estimated to expand at a brisk
pace over the forthcoming years, with the U.K. being a major revenue
contributor. The growth of this region can be attributed to the
rising environmental concerns and the robust growth of the
construction industry. Asia Pacific and Latin America are likely to
flourish owing to the increasing mining and construction activities
and rising disposable income of consumers. The market for GFRC in
North America is anticipated to expand at a promising rate in the
near future.
Companies
Mentioned in the Report:
In
order to study the prevailing competition, the report also profiles
some of the key players operating in the global GFRC market. Major
participants in this space include BCM GRC Ltd., Domcrete GFRC
Countertop Supplies, Betofiber A/S, Blue Concrete, CHENG Concrete,
Fibrobeton Yapi Elemanlari, Fibrex Construction Group, Fishtone,
Frey-Fil Corp., Formglas Products Ltd., GB Architectural Cladding
Products Ltd., Glass Reinforced Concrete UK Ltd., Hard Rock
Developments Inc., Loveld, Pennine Stone Ltd., Surecrete Design
Products, and Telling Ltd.
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to view Sample Report:
The
report offers a comprehensive evaluation of the market. It does so
via in-depth qualitative insights, historical data, and verifiable
projections about market size. The projections featured in the report
have been derived using proven research methodologies and
assumptions. By doing so, the research report serves as a repository
of analysis and information for every facet of the market, including
but not limited to: Regional markets, technology, types, and
applications.
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