Glass Fiber Reinforced Concrete (GFRC) Market by Process (Spray, Premix, and Hybrid), Application (Commercial construction, Residential Construction and Civil & Other Infrastructure Construction), and Region - Global Forecast to 2023

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Date: 07-Jun-2018
No. of pages: 110
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The GFRC market is projected to grow at a CAGR of 10.5% from 2018 to 2023, in terms of value

The GFRC market is estimated at USD 2.01 billion in 2018 and is projected to reach USD 3.32 billion by 2023, at a CAGR of 10.5% between 2018 and 2023. The increasing demand for GFRC in building & construction projects is one of the significant factors projected to drive the GFRC market. Superior properties of GFRC, such as fire & weather resistance, design flexibility, dimensional stability, ease of handling, light-weight, and rapid installation are also contributing to the growth of the GFRC market. Need for speed in construction and cost and upsurge in demand for non-corrosive materials are some of the factors driving the demand for GFRC. However, economic downturns in major regions are restraining the growth of the GFRC market.

Based on process, the spray process segment is projected to lead the GFRC market during the forecast period, in terms of value and volume

The spray process is a cost-effective solution to produce large area elements, such as claddings, facades, wall panels, and so on. It is the predominant process used in the production of GFRC. The increase in the demand for GFRC in the commercial construction application is expected to lead to an increase in the demand for spray GFRC during the forecast period.

The residential construction application of the GFRC market is projected to grow at the highest CAGR during the forecast period, in terms of value and volume

GFRC manufacturers are increasingly focusing on the development of GFRC for residential construction, such as kitchen countertops, columns & capitals, roof cladding, wall panels, balusters, and so on. The increasing demand for light-weight, fire & weather resistant, and design flexible building materials for the residential construction sector is projected to drive the residential construction application segment of the market.

The GFRC market in the APAC region is projected to grow at the highest CAGR between 2018 and 2023, in terms of value and volume

The GFRC market in the APAC region is projected to grow at the highest CAGR during the forecast period, in terms of value and volume. This growth can be attributed to the increasing demand for GFRC from the commercial and residential construction applications in APAC countries. Initiatives undertaken by governments of various APAC countries to promote the development of smart cities are also contributing to the growth of the GFRC market in the APAC region.

In the process of determining and verifying the market size for several segments and sub segments gathered through secondary research, extensive primary interviews have been conducted as follows:


  • By Company Type- Tier 1- 35%, Tier 2- 25%, and Tier 3-40%

  • By Designation- C level - 30%, Director level - 25%, and Others- 45%

  • By Region- Asia Pacific - 30%, North America- 30%, Europe- 25%, Latin America - 5%, and Middle East &Africa- 10%


This report provides a comprehensive analysis o fthe key companies listed below:


  • Ultratech Cement Ltd. (India)

  • Formglas Products Ltd. (Canada)

  • Willis Construction Co., Inc. (US)

  • Clark Pacific (US)

  • Loveld (Belgium)

  • Fibrex (UAE)

  • Betofiber A.S. (Turkey)

  • Nanjing Beilida New Material System Engineering Co., Ltd. (China)

  • Stromberg Architectural (US)

  • BB Fiberbeton (Denmark)


Research Coverage

This report covers the GFRC market and forecasts the size of the market till 2023. The report includes the segmentation of the GFRC market based on process, application, and region. Porter’s Five Forces analysis and key market dynamics, such as drivers, restraints, challenges, and opportunities influencing the growth of the GFRC market have been discussed in the report. The report also provides company profiles of major players operating in the GFRC market.

Benefits of Buying the Report:

The report is expected to help market leaders/new entrants in the GFRC market in the following ways:


  • This report segments the GFRC market and provides the closest approximations of revenues for the overall market and its sub segments across different verticals and regions.

  • The report helps stakeholders understand the pulse of the market and provides information on key drivers, restraints, challenges, and opportunities for the GFRC market.


This report is also expected to helps take holders understand their competitors and gain insights to improve their positions in the GFRC market. The competitive landscape section includes an ecosystem of competitors and detailed information on new product developments, expansions& investments, agreements/contracts, and mergers & acquisitions.

Glass Fiber Reinforced Concrete (GFRC) Market by Process (Spray, Premix, and Hybrid), Application (Commercial construction, Residential Construction and Civil & Other Infrastructure Construction), and Region - Global Forecast to 2023

Table of Contents

1 Introduction
1.1 Objectives of the Study
1.2 Market Definition
1.3 Market Scope
1.3.1 Regional Segmentation
1.3.2 Years Considered for the Study
1.4 Currency
1.5 Unit Considered
1.6 Limitations
1.7 Stakeholders

2 Research Methodology
2.1 Research Data
2.1.1 Secondary Data
2.1.1.1 Key Data From Secondary Sources
2.1.2 Primary Data
2.1.2.1 Key Data From Primary Sources
2.1.2.2 Key Industry Insights
2.1.2.3 Breakdown of Primary Interviews
2.2 Market Size Estimation
2.2.1 Bottom-Up Approach
2.2.2 Top-Down Approach
2.3 Data Triangulation
2.4 Assumptions

3 Executive Summary

4 Premium Insights
4.1 Attractive Opportunities in the GFRC Market
4.2 GFRC Market, By Process
4.3 GFRC Market, By Application and Region
4.4 GFRC Market, By Country

5 Market Overview
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.1.1 Reduced Construction Time and Cost
5.2.1.2 Upsurge in Demand for Corrosion-Resistant Materials
5.2.2 Restraints
5.2.2.1 Economic Downturn in Major Regions
5.2.3 Opportunities
5.2.3.1 Rise in New Construction Projects in Emerging Economies Such as China and India
5.2.4 Challenges
5.2.4.1 High Production and Labor Cost
5.2.4.2 Lack of Awareness About Precast Concrete Method Among End Users
5.3 Porter’s Five Forces Analysis
5.3.1 Threat of New Entrants
5.3.2 Threat of Substitutes
5.3.3 Bargaining Power of Suppliers
5.3.4 Bargaining Power of Buyers
5.3.5 Intensity of Competitive Rivalry

6 Macroeconomic Overview and Key Trends
6.1 Introduction
6.2 Trends and Forecast of GDP
6.3 Trends and Forecast of the Construction Industry

7 GFRC Market, By Process
7.1 Introduction
7.2 Spray
7.3 Premix
7.4 Hybrid

8 GFRC Market, By Application
8.1 Introduction
8.2 Commercial Construction
8.2.1 Institutions
8.2.2 Hospitals
8.2.3 Offices
8.2.4 Airports
8.2.5 Others
8.3 Residential Construction
8.4 Civil & Other Infrastructure Construction
8.4.1 Bridges/ Highways/ Tunnels/ Railways
8.4.2 Defense

9 GFRC Market, By Region
9.1 Introduction
9.2 North America
9.2.1 By Application
9.2.2 By Process
9.2.3 By Country
9.2.3.1 US
9.2.3.1.1 By Application
9.2.3.2 Canada
9.2.3.2.1 By Application
9.3 Europe
9.3.1 By Application
9.3.2 By Process
9.3.3 By Country
9.3.3.1 France
9.3.3.1.1 By Application
9.3.3.2 Germany
9.3.3.2.1 By Application
9.3.3.3 Italy
9.3.3.3.1 By Application
9.3.3.4 Spain
9.3.3.4.1 By Application
9.3.3.5 Switzerland
9.3.3.5.1 By Application
9.3.3.6 Sweden
9.3.3.6.1 By Application
9.3.3.7 UK
9.3.3.7.1 By Application
9.3.3.8 Rest of Europe
9.3.3.8.1 By Application
9.4 APAC
9.4.1 By Application
9.4.2 By Process
9.4.3 By Country
9.4.3.1 China
9.4.3.1.1 By Application
9.4.3.2 Japan
9.4.3.2.1 By Application
9.4.3.3 India
9.4.3.3.1 By Application
9.4.3.4 South Korea
9.4.3.4.1 By Application
9.4.3.5 Malaysia
9.4.3.5.1 By Application
9.4.3.6 Rest of APAC
9.4.3.6.1 By Application
9.5 Middle East & Africa
9.5.1 By Application
9.5.2 By Process
9.5.3 By Country
9.5.3.1 Saudi Arabia
9.5.3.1.1 By Application
9.5.3.2 UAE
9.5.3.2.1 By Application
9.5.3.3 South Africa
9.5.3.3.1 By Application
9.5.3.4 Rest of Middle East & Africa
9.5.3.4.1 By Application
9.6 Latin America
9.6.1 By Application
9.6.2 By Process
9.6.3 By Country
9.6.3.1 Brazil
9.6.3.1.1 By Application
9.6.3.2 Mexico
9.6.3.2.1 By Application
9.6.3.3 Argentina
9.6.3.3.1 By Application
9.6.3.4 Rest of Latin America
9.6.3.4.1 By Application

10 Company Profiles
(Business Overview, Products Offered, SWOT Analysis, and MnM View)*
10.1 Ultratech Cement Ltd.
10.2 Formglas Products Ltd.
10.3 Willis Construction Co. Inc.
10.4 Clark Pacific
10.5 Loveld
10.6 Fibrex
10.7 Betofiber A.S.
10.8 Stromberg Architectural
10.9 Bb Fiberbeton
10.10 Nanjing Beilida New Material System Engineering Co., Ltd.
10.11 Other Players
10.11.1 Generale Prefabbricati S.P.A.
10.11.2 Bcm Grc Limited
10.11.3 Arabian Tile Company Ltd.
10.11.4 Quattro Design Solutions
10.11.5 Glass Reinforced Concrete UK Ltd

*Details on Business Overview, Products Offered, SWOT Analysis, and MnM View Might Not Be Captured in Case of Unlisted Companies.

11 Appendix
11.1 Discussion Guide
11.2 Introducing RT: Real-Time Market Intelligence
11.3 Knowledge Store: Marketsandmarkets’ Subscription Portal
11.4 Available Customizations
11.5 Related Reports
11.6 Author Details

List of Tables

Table 1 Trends and Forecast of GDP, 2018–2023 (USD Billion)
Table 2 Contribution of the Construction Industry in North America, 2015–2022 (USD Billion)
Table 3 Contribution of the Construction Industry in Europe, 2015–2022 (USD Billion)
Table 4 Contribution of the Construction Industry in APAC, 2015–2022 (USD Billion)
Table 5 Contribution of the Construction Industry in the Middle East, 2015–2022 (USD Billion)
Table 6 Contribution of the Construction Industry in Latin America, 2015–2022 (USD Billion)
Table 7 GFRC Market Size, By Process, 2016–2023 (Million Square Feet)
Table 8 GFRC Market Size, By Process, 2016–2023 (USD Million)
Table 9 Spray-Based GFRC Market Size, By Region, 2016–2023 (Million Square Feet )
Table 10 Spray-Based GFRC Market Size, By Region, 2016–2023 (USD Million)
Table 11 Premix-Based GFRC Market Size, By Region, 2016–2023 (Million Square Feet)
Table 12 Premix-Based GFRC Market Size, By Region , 2016–2023 (USD Million)
Table 13 Hybrid-Based GFRC Market Size, By Region, 2016–2023 (Million Square Feet)
Table 14 Hybrid-Based GFRC Market Size, By Region, 2016–2023 (USD Million)
Table 15 GFRC Market Size, By Application, 2016–2023 (Million Square Feet)
Table 16 GFRC Market Size, By Application, 2016–2023 (USD Million)
Table 17 GFRC Market Size in Commercial Construction, By Region, 2016–2023 (Million Square Feet)
Table 18 GFRC Market Size in Commercial Construction, By Region, 2016–2023 (USD Million)
Table 19 GFRC Market Size in Residential Construction, By Region, 2016–2023 (Million Square Feet)
Table 20 GFRC Market Size in Residential Construction, By Region, 2016–2023 (USD Million)
Table 21 GFRC Market Size in Civil & Other Infrastructure Construction, By Region, 2016–2023 (Million Square Feet)
Table 22 GFRC Market Size in Civil & Other Infrastructure Construction, By Region, 2016–2023 (USD Million)
Table 23 GFRC Market Size, By Region, 2016–2023 (Million Square Feet)
Table 24 GFRC Market Size, By Region, 2016–2023 (USD Million)
Table 25 North America: GFRC Market Size, By Application, 2016–2023 (Million Square Feet)
Table 26 North America: GFRC Market Size, By Application, 2016–2023 (USD Million)
Table 27 North America: GFRC Market Size, By Process, 2016–2023 (Million Square Feet)
Table 28 North America: GFRC Market Size, By Process, 2016–2023 (USD Million)
Table 29 North America: GFRC Market Size, By Country, 2016–2023 (Million Square Feet)
Table 30 North America: GFRC Market Size, By Country, 2016–2023 (USD Million)
Table 31 US: GFRC Market Size, By Application, 2016–2023 (Million Square Feet)
Table 32 US: GFRC Market Size, By Application, 2016–2023 (USD Million)
Table 33 Canada: GFRC Market Size, By Application, 2016–2023 (Million Square Feet)
Table 34 Canada: GFRC Market Size, By Application, 2016–2023 (USD Million)
Table 35 Europe: GFRC Market Size, By Application, 2016–2023 (Million Square Feet)
Table 36 Europe: GFRC Market Size, By Application, 2016–2023 (USD Million)
Table 37 Europe: GFRC Market Size, By Process, 2016–2023 (Million Square Feet)
Table 38 Europe: GFRC Market Size, By Process, 2016–2023 (USD Million)
Table 39 Europe: GFRC Market Size, By Country, 2016–2023 (Million Square Feet)
Table 40 Europe: GFRC Market Size, By Country, 2016–2023 (USD Million)
Table 41 France: GFRC Market Size, By Application, 2016–2023 (Million Square Feet)
Table 42 France: GFRC Market Size, By Application, 2016–2023 (USD Million)
Table 43 Germany: GFRC Market Size, By Application, 2016–2023 (Million Square Feet)
Table 44 Germany: GFRC Market Size, By Application, 2016–2023 (USD Million)
Table 45 Italy: GFRC Market Size, By Application, 2016–2023 (Million Square Feet)
Table 46 Italy: GFRC Market Size, By Application, 2016–2023 (USD Million)
Table 47 Spain: GFRC Market Size, By Application, 2016–2023 (Million Square Feet)
Table 48 Spain: GFRC Market Size, By Application, 2016–2023 (USD Million)
Table 49 Switzerland: GFRC Market Size, By Application, 2016–2023 (Million Square Feet)
Table 50 Switzerland: GFRC Market Size, By Application, 2016–2023 (USD Million)
Table 51 Sweden: GFRC Market Size, By Application, 2016–2023 (Million Square Feet)
Table 52 Sweden: GFRC Market Size, By Application, 2016–2023 (USD Million)
Table 53 UK: GFRC Market Size, By Application, 2016–2023 (Million Square Feet)
Table 54 UK: GFRC Market Size, By Application, 2016–2023 (USD Million)
Table 55 Rest of Europe: GFRC Market Size, By Application, 2016–2023 (Million Square Feet)
Table 56 Rest of Europe: GFRC Market Size, By Application, 2016–2023 (USD Million)
Table 57 APAC: GFRC Market Size, By Application, 2016–2023 (Million Square Feet)
Table 58 APAC: GFRC Market Size, By Application, 2016–2023 (USD Million)
Table 59 APAC: GFRC Market Size, By Process, 2016–2023 (Million Square Feet)
Table 60 APAC: GFRC Market Size, By Process, 2016–2023 (USD Million)
Table 61 APAC: GFRC Market Size, By Country, 2016–2023 (Million Square Feet)
Table 62 APAC: GFRC Market Size, By Country, 2016–2023 (USD Million)
Table 63 China: GFRC Market Size, By Application, 2016–2023 (Million Square Feet)
Table 64 China: GFRC Market Size, By Application, 2016–2023 (USD Million)
Table 65 Japan: GFRC Market Size, By Application, 2016–2023 (Million Square Feet)
Table 66 Japan: GFRC Market Size, By Application, 2016–2023 (USD Million)
Table 67 India: GFRC Market Size, By Application, 2016–2023 (Million Square Feet)
Table 68 India: GFRC Market Size, By Application, 2016–2023 (USD Million)
Table 69 South Korea: GFRC Market Size, By Application, 2016–2023 (Million Square Feet)
Table 70 South Korea: GFRC Market Size, By Application, 2016–2023 (USD Million)
Table 71 Malaysia: GFRC Market Size, By Application, 2016–2023 (Million Square Feet)
Table 72 Malaysia: GFRC Market Size, By Application, 2016–2023 (USD Million)
Table 73 Rest of APAC: GFRC Market Size, By Application, 2016–2023 (Million Square Feet)
Table 74 Rest of APAC: GFRC Market Size, By Application, 2016–2023 (USD Million)
Table 75 Middle East & Africa: GFRC Market Size, By Application, 2016–2023 (Million Square Feet)
Table 76 Middle East & Africa: GFRC Market Size, By Application, 2016–2023 (USD Million)
Table 77 Middle East & Africa: GFRC Market Size, By Process, 2016–2023 (Million Square Feet)
Table 78 Middle East & Africa: GFRC Market Size, By Process, 2016–2023 (USD Million)
Table 79 Middle East & Africa: GFRC Market Size, By Country, 2016–2023 (Million Square Feet)
Table 80 Middle East & Africa: GFRC Market Size, By Country, 2016–2023 (USD Million)
Table 81 Saudi Arabia: GFRC Market Size, By Application, 2016–2023 (Million Square Feet)
Table 82 Saudi Arabia: GFRC Market Size, By Application, 2016–2023 (USD Million)
Table 83 UAE: GFRC Market Size, By Application, 2016–2023 (Million Square Feet)
Table 84 UAE: GFRC Market Size, By Application, 2016–2023 (USD Million)
Table 85 South Africa: GFRC Market Size, By Application, 2016–2023 (Million Square Feet)
Table 86 South Africa: GFRC Market Size, By Application, 2016–2023 (USD Million)
Table 87 Rest of Middle East & Africa: GFRC Market Size, By Application, 2016–2023 (Million Square Feet)
Table 88 Rest of Middle East & Africa: GFRC Market Size, By Application, 2016–2023 (USD Million)
Table 89 Latin America: GFRC Market Size, By Application, 2016–2023 (Million Square Feet)
Table 90 Latin America: GFRC Market Size, By Application, 2016–2023 (USD Million)
Table 91 Latin America: GFRC Market Size, By Process, 2016–2023 (Million Square Feet)
Table 92 Latin America: GFRC Market Size, By Process, 2016–2023 (USD Million)
Table 93 Latin America: GFRC Market Size, By Country, 2016–2023 (Million Square Feet)
Table 94 Latin America: GFRC Market Size, By Country, 2016–2023 (USD Million)
Table 95 Brazil: GFRC Market Size, By Application, 2016–2023 (Million Square Feet)
Table 96 Brazil: GFRC Market Size, By Application, 2016–2023 (USD Million)
Table 97 Mexico: GFRC Market Size, By Application, 2016–2023 (Million Square Feet)
Table 98 Mexico: GFRC Market Size, By Application, 2016–2023 (USD Million)
Table 99 Argentina: GFRC Market Size, By Application, 2016–2023 (Million Square Feet)
Table 100 Argentina: GFRC Market Size, By Application, 2016–2023 (USD Million)
Table 101 Rest of Latin America: GFRC Market Size, By Application, 2016–2023 (Million Square Feet)
Table 102 Rest of Latin America: GFRC Market Size, By Application, 2016–2023 (USD Million)

List of Figures

Figure 1 GFRC Market Segmentation
Figure 2 GFRC Market: Research Design
Figure 3 Bottom-Up Approach
Figure 4 Top-Down Approach
Figure 5 GFRC Market: Data Triangulation
Figure 6 Spray Process to Lead the GFRC Market
Figure 7 Commercial Construction Application to Drive the GFRC Market
Figure 8 North America Led the GFRC Market in 2017
Figure 9 Growth Opportunities in the GFRC Market Between 2018 and 2023
Figure 10 Spray-Based GFRC to Lead the Market
Figure 11 APAC Led the GFRC Market
Figure 12 China to Register the Highest CAGR
Figure 13 Factors Governing the GFRC Market
Figure 14 GFRC Market: Porter’s Five Forces Analysis
Figure 15 Contribution of the Construction Industry in North America, 2017 vs 2022 (USD Billion)
Figure 16 Contribution of the Construction Industry in Europe, 2017 vs 2022 (USD Billion)
Figure 17 Contribution of the Construction Industry in APAC, 2017 vs 2022 (USD Billion)
Figure 18 Contribution of the Construction Industry in the Middle East, 017 vs 2022 (USD Billion)
Figure 19 Contribution of the Construction Industry in Latin America, 2017 vs 2022 (USD Billion)
Figure 20 Spray to Be the Leading Process for GFRC
Figure 21 North America to Be the Leading Spray-Based GFRC Market
Figure 22 North America to Be the Leading Premix-Based GFRC Market
Figure 23 North America to Be the Leading Hybrid-Based GFRC Market
Figure 24 Commercial Construction to Be the Leading Application of GFRC
Figure 25 North American GFRC Market to Contribute the Largest Share in Commercial Construction Application
Figure 26 North American GFRC Market to Contribute the Largest Share in Residential Construction Application
Figure 27 APAC to Be the Fastest-Growing GFRC Market in Civil & Other Infrastructure Construction Application
Figure 28 Regional Snapshot: GFRC Market
Figure 29 North America: GFRC Market Snapshot
Figure 30 Europe: GFRC Market Snapshot
Figure 31 APAC: GFRC Market Snapshot
Figure 32 Saudi Arabia to Be the Largest GFRC Market in Middle East & Africa
Figure 33 Brazil is the Largest GFRC Market in Latin America
Figure 34 Ultratech Cement Limited: Company Snapshot

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