Update News: Increasing Construction Of Green Buildings Is Drving The Demand For Glass Fiber Reinforced Concrete Market

  • According to the new market research report Glass Fiber Reinforced Concrete Market by Production Method (Premix GRC, Sprayed GRC and Others), by Application (Residential Infrastructure, Commercial Infrastructure and Public Infrastructure), by Region (Asia Pacific, Europe, Middle East & Africa, South America, North America) — Global Forecast (2020 to 2027)”, the global glass fiber reinforced concrete market is estimated to reach USD 4.80 Billion by 2027 at a CAGR of over 10.0% in the study period.
  • Rise in the global construction activities owing to growing global population, creating higher demand for residential and commercial infrastructure, is driving the demand for GRFC
  • Advantages such as higher durability, crack resistance, compressive, flexural and tensile strength associated with GRFC over conventional concrete, is fueling its adoption across construction sector
  • High cost of GRFC over the conventional concrete is expected to hinder the market growth
  • The growth of this market can be mainly attributed to the growing construction activities across the globe owing to ongoing industrialization, growing global population, rapid industrialization and shifting preference towards nuclear families
  • Advantages such as higher durability, better textile and flexural strength with crack resistance among others are further fueling the demand for GRFC
  • High cost of acrylic copolymer and reinforcement of fiberglass and other additives escalates the overall cost of GRFC, which is presumed to hamper the market growth
  • With emergence of new technologies for production of GRFC is expected to create new opportunities for the market growth
  • Low ductility of the GRFC is acting as major challenge for the market growth
  • Asia-Pacific
  • North America
  • Lindner Group:
  • Willis Construction Co. Inc.:

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DataBridge Market Research

DataBridge Market Research

Data Bridge set forth itself as an unconventional and neoteric Market research and consulting firm with unparalleled level of resilience and integrated approach

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