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The Glass Fiber Reinforced Concrete (GFRC) Market is likely to witness an impressive CAGR of 6.7% during the forecast period. The prime factor that is contributing to the demand for Glass Fiber Reinforced Concrete (GFRC) is the increasing demand for Glass Fiber Reinforced Concrete (GFRC) in various industries.
This report on the Glass Fiber Reinforced Concrete (GFRC) Market has been put together covering various companies of the industry from different geographies. The study is a perfect blend of qualitative and quantitative research highlighting vital market developments, challenges and competition that the industry might face, along with opportunities and trends available in the Glass Fiber Reinforced Concrete (GFRC) Market. The report intends to present a thorough analysis of the Glass Fiber Reinforced Concrete (GFRC) Market and provide cutting-edge market intelligence to help decision makers undertake a sound investment evaluation. Besides, the report also classifies and analyses the emerging trends along with major growth drivers.
Glass Fiber Reinforced Concrete (GFRC) Market Outlook
In the report, the market outlook section mainly encompasses fundamental dynamics of the market which include drivers, restraints, opportunities and challenges faced by the industry. Drivers and Restraints are intrinsic factors whereas opportunities and challenges act as extrinsic factors affecting the market. The report aims at answering several key questions concerning the overall profitability in the market.
Few key players operating in the Glass Fiber Reinforced Concrete (GFRC) Market are-
Ultratech Cement Ltd.
Formglas Products Ltd.
Willis Construction Co. Inc.
Clark Pacific Corporation
Loveld NV
Fibrex Construction Group
Betofiber A.S.
Growth drivers and Market Value:
This report, from Stratview Research, studies the Glass Fiber Reinforced Concrete (GFRC) Market value and growth drivers over the trend period of 2022-27. According to the report -
Glass fiber reinforced concrete (GFRC) market is likely to witness an impressive CAGR of 10.2% during the forecast period. Surge in demand for fire & weather resistance, dimensional stability, design flexibility, ease of operation and quick installation is the major factor underpinning the growth of the GFRC market during the forecast period. In addition, rise in the number of various construction projects in developed and emerging economies is also immensely bolstering the GFRC market, globally.
Segment Analysis:
Based on Application Type:
Based on the application type, the glass fiber reinforced concrete (GFRC) market is segmented as commercial construction, residential construction, and civil & other infrastructure construction. The commercial construction segment is estimated to maintain its dominance in the market during the forecast due to increasing use of GFRC in buildings, such as institutes, offices, hospitals, auditoriums, gymnasiums, museums, and cinema theatres.
Based on Region:
In terms of regions, North America is estimated to be the largest, whereas Asia-Pacific is estimated to be the fastest-growing glass fiber reinforced concrete (GFRC) market during the forecast period, owing to the presence of a large number of glass fiber reinforced concrete (GFRC) manufacturers in North America and the growth of infrastructure industry in the regions.
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