Market Research Report
Global Glass Fiber Reinforced Concrete Market 2019-2025
|Published by||Orion Market Research Pvt Ltd||Product code||919295|
Delivery time: 2-3 business days
|Global Glass Fiber Reinforced Concrete Market 2019-2025|
|Published: November 25, 2019||Content info:||
Global Glass Fiber Reinforced Concrete
Market Size, Share & Trends Analysis Report by Casting Process (Spray-Up, Premix, and Hybrid), by Application (Commercial, Residential and Engineering & Other Utilities).
Factors which is driving the growth of the global glass fiber reinforced concrete market is reduced construction time and cost. The thickness of GFRC is half of the traditional precast and due to which handling and transportation become easier. Additionally, continuous growth in the building and construction industry, especially in emerging economies is also driving the growth of the market. Low awareness regarding GFRC is a major restraint to the growth of the market across the globe.
The glass fiber reinforced concrete market is segmented by process and application. By type, the market is segmented into spray-up, premix, and hybrid. By Application, the market is segmented into commercial, residential and engineering & other utilities. It is expected to have a significant share in the commercial segment during the forecast period. The market is further studied on the basis of geography and is segmented into North America, Asia-Pacific, Europe and Rest of the World (RoW). North America is expected to have a significant share during the forecast period. It is due to high spending by private organizations and government industries in the region. Asia-Pacific is expected to have a huge potential market is expected to have considerable market growth during the forecast period. Countries including China, India, Japan, Australia, Indonesia, and South Korea is contributing significantly to the market.
The major players that contribute to the growth of the global glass fiber reinforced concrete market include: Formglas Products Ltd., Willis Construction Co., Inc., Clark Pacific Corp., Loveld NV, Ultratech Cement Ltd., Fibrex, LLC and so on. The market players are considerably contributing to the market growth by the adoption of various strategies including new product launch, merger and acquisition, collaborations, and technological advancements to stay competitive in the market. For instance, in October 2017, installed a new 7-acre manufacturing unit in Floria, the US. The company is introducing new GFRC in the market which offers lower vapor permeability and less expansion than the earlier GFRC mixes.
The market study of the global glass fiber reinforced concrete market is incorporated by extensive primary and secondary research conducted by the research team at OMR. Secondary research has been conducted to refine the available data to breakdown the market in various segments, derive total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. Our team collects facts and data related to the market from different geography to provide a better regional outlook. In the report, the country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior and macro-economic factors. Numbers extracted from Secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. This enables our analyst to derive the closest possible figures without any major deviations in the actual number. Our analysts try to contact as many executives, managers, key opinion leaders, and industry experts. Primary research brings authenticity in our reports.
The report is intended for the building and construction companies, construction material suppliers, GFRC manufacturers, supplier, government, research institutes, for overall market analysis and competitive analysis. The report provides in-depth analysis on market size, intended quality of the service preferred by consumers. The report will serve as a source for 360-degree analysis of the market thoroughly integrating different models.