Glass Fiber Reinforced Concrete Market Size, Share, and Growth Analysis

Glass Fiber Reinforced Concrete Market

Glass Fiber Reinforced Concrete Market By Process (Spray, Premix), By Application (Commercial Construction, Residential Construction), By Region - Industry Forecast 2025-2032


Report ID: SQMIG15F2228 | Region: Global | Published Date: March, 2025
Pages: 194 |Tables: 90 |Figures: 80

Format - word format excel data power point presentation

Glass Fiber Reinforced Concrete Market Insights

Glass Fiber Reinforced Concrete Market size was valued at USD 2.5 billion in 2023 and is poised to grow from USD 2.74 billion in 2024 to USD 5.75 billion by 2032, growing at a CAGR of 9.7% during the forecast period (2025-2032).

The global glass fiber reinforced concrete market went through a period of transformation and growth. This is a direct result of the reshaping of construction and infrastructure industries. Concrete reinforcing fibers are usually made from synthetic polymers, natural fibers, glass, and steel. Their use reduces the chances of cracks, improving the tensile strength of concrete objects. The market is driven by the focus on increasing durability, strength and sustainability of any construction project.

Concrete reinforcing fibers improve speed and cost-efficiency of construction techniques. This has fueled its adoption in the construction industry. These fibers can improve concrete adaptability, reducing requirements for complicated formwork. This results in faster construction processes, further driving market growth. The construction industry is shifting to more sustainable materials and production methods, fueling market growth. This is in line with the rising awareness about the negative environmental impact of traditional construction practices. The durability of concrete reinforcing fibers reduces maintenance and repair costs of structures. The materials also remove the need for steel reinforcements. Their higher energy consumption rate can only deter environmental health, thus making concrete reinforcing fibers the perfect replacements. A variety of construction projects utilize concrete reinforcing fibers. These include applications like industrial, residential, and commercial. Infrastructure projects also tend to use these materials.

As the population moves to urban areas, infrastructure development has increased, driving the need for these fibers. There are new projects lined up for the building of tunnels, bridges, roads, and more. The growth of the global market can be restrained due to some challenges. These issues include high costs and market division and competition.

The increasing demand for fiberglass in various commercial, residential and civil constructions is expected in favor of market. Product benefits, including high stretches, bending and compressed power, are estimated to promote demand as a concrete reinforcement material. It helps to increase the strength of concrete, which promotes demand in the construction of countertops, fireplaces and others. The market is expected to demonstrate high growth over the near future due to rebuilding and improvement of renewal activities in the housing construction sector. In addition, increased construction of single homes is likely to emerge as one of the primary factors that promote the demand for fiberglass reinforced concrete (GFRC), which increases market growth. The rapidly growing construction industry, increasing technological advancements in the construction sector, and advantages offered by precast concrete such as reduced cost and time and easy installations, are contributing to the growth of the market. Growing population and rapid urbanization and industrialization in emerging economies is expected to run governments to increase construction costs to meet the growing infrastructure needs. This, for its part, is expected to run the demand for fiberglass reinforced concrete in different design applications.

Product manufacturers are actively involved in research and development, which are related to the production of fiberglass to strengthen the goals and emphasize the production of advanced reinforced fiberglass with different sizes and properties.

Market Key Attributes

In February 2024, RailTel Corporation of India announced that it has secured a work order from Western Railways worth Rs 124.90 crore. The contract entails the implementation of unified communication infrastructure, which includes IP/MPLS LAN Infra, VOIP exchange, IP-based control communication, and the replacement of UTN over Western Railway. This strategic initiative aligns with the Indian Railways' broader Digital Transformation Roadmap, focusing on modernizing communication systems, improving operational efficiency, and enhancing passenger experience. The deployment of IP/MPLS LAN Infra is expected to strengthen the railway's internal networking capabilities, allowing seamless data transfer, improved security, and better connectivity across stations and control centers.

In October 2022, the US-based construction technology company, Branch Technology announced to launch its new branch CHOD GFRC product line, which received environmental product declaration (EPD) certification. This progress highlights the company's commitment to sustainable construction practices, while innovative offers 3D-touched cladding solutions corresponding to strict environmental standards. The purpose of this product line is to provide architects and developers with environmentally friendly alternatives that maintain high performance and aesthetic appeal.

Market snapshot - 2025-2032

Global Market Size

USD 2.5 billion

Largest Segment

Building & Construction

Fastest Growth

Infrastructure

Growth Rate

9.7% CAGR

Global Glass Fiber Reinforced Concrete Market ($ Bn)
Country Share for North America Region (%)

To get more reports on the above market click here to Buy The Report

Glass Fiber Reinforced Concrete Market Segments Analysis

Global Glass Fiber Reinforced Concrete Market is segmented by Process, Application and region. Based on Process, the market is segmented into Spray, Premix and Hybrid. Based on Application, the market is segmented into Commercial Construction, Residential Construction and Civil & Other Infrastructure Construction. Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa.

Analysis By Product

The polypropylene segment is dominating the market due to its exceptional mechanical properties and widespread adoption in construction applications. Polypropylene fibers provide superior crack resistance, improved tensile strength, and enhanced durability compared to polyethylene. These fibers are particularly effective in reducing shrinkage and increasing the toughness of concrete, making them a preferred choice for infrastructure projects such as bridges, roads, and commercial buildings. Additionally, polypropylene’s high resistance to chemicals and environmental factors ensures longevity, reducing maintenance costs over time. Its affordability and ease of integration into concrete mixtures further strengthen its dominance in the market, as construction industries increasingly prioritize durability and cost-effectiveness in reinforced concrete solutions.

As per global glass fiber reinforced concrete market forecast, the polypropylene segment is also witnessing significant growth compared to polyethylene in the market. The increasing demand for high-performance concrete reinforcement materials in modern construction is fueling the expansion of polypropylene fibers. These fibers offer a lightweight yet strong reinforcement solution, reducing material costs while enhancing structural integrity. Additionally, advancements in polymer technology have led to improved polypropylene fiber formulations, making them even more effective for concrete applications. Governments and private sectors investing in sustainable and long-lasting infrastructure further drive demand for polypropylene over polyethylene. While polyethylene fibers have some applications, they generally fall short in tensile strength and long-term durability, limiting their market share.

Analysis By Application

As per global glass fiber reinforced concrete market analysis, the building & construction segment dominated the market. Their heightened adoption of these fibers to improve durability and structural integrity of structures, along with offering crack resistance has led to the dominance of this segment in the market. Reducing the requirement for traditional steel reinforcement and increasing tensile strength are two frequent goals of adding fibers such as steel, glass, and synthetic materials to concrete mixes. The need for high-performance building materials and the ongoing growth of the construction sector both support this segment's dominance.

As per global glass fiber reinforced concrete market outlook, infrastructure segment is the fastest growing in the market. Conversely, the infrastructure segment has seen the quickest development in the application area for concrete reinforcing fibers. Increasing investments in infrastructure development globally, including roads, bridges, tunnels, and other public construction projects drive this segment’s growth. Concrete reinforcing fibers can improve load-bearing capacity and longevity of structures, boosting their adoption in infrastructure construction. These fibers are essential in large-scale infrastructure projects as they can improve resistance to environmental factors and reduce maintenance costs.

Global Glass Fiber Reinforced Concrete Market By Application (%)

To get detailed analysis on other segments, Request For Free Sample Report

Glass Fiber Reinforced Concrete Market Regional Insights

North America dominated the market. The region’s high construction activity, well-developed infrastructure, and stringent building codes have led to a thriving construction industry in North America creating a huge demand for concrete reinforcing fibers. The integration of advanced construction technologies, like the use of fiber-reinforced concrete, has driven market growth in the region. The United States has a strong presence in the market, with numerous companies focusing on research, development, and sustainable construction solutions. The country's emphasis on green building initiatives and architectural applications further supports market expansion.

Asia-Pacific is experiencing significant growth in the market, driven by rapid urbanization and large-scale infrastructure projects. The region's demand for high-performance construction materials is increasing as cities expand and modernize. China, as the largest construction market in the world, plays a pivotal role in this growth. Government initiatives focusing on smart cities, transportation networks, and high-rise buildings have fueled the adoption of GFRC, ensuring stronger and more durable structures.

Europe is a leader in sustainable construction practices, with stringent regulations promoting eco-friendly and energy-efficient materials. The region's commitment to reducing carbon footprints has increased the adoption of GFRC in various infrastructure projects. Germany, a key player in the Europe market, has been at the forefront of innovative construction technologies, integrating GFRC in modern architectural designs, bridges, and public infrastructure to enhance longevity and aesthetic appeal.

The Middle East & Africa region is witnessing a surge in demand for GFRC, particularly in high-end construction and architectural applications. The material’s aesthetic appeal and durability make it ideal for modern building designs and iconic structures. The United Arab Emirates (UAE), especially in cities like Dubai and Abu Dhabi, has become a hub for GFRC usage in luxury hotels, commercial complexes, and infrastructure projects, showcasing its ability to withstand extreme weather conditions while maintaining structural integrity.

Latin America is gradually increasing its adoption of GFRC, mainly due to growing infrastructure investments and economic expansion. The region is focusing on improving the quality of construction materials to enhance durability and cost efficiency. Brazil, as the largest economy in Latin America, plays a crucial role in driving GFRC demand. Government projects in transportation, residential housing, and commercial spaces are increasingly integrating GFRC to ensure long-lasting and sustainable structures. Each region contributes uniquely to the growth of the market, with factors such as technological advancements, sustainability initiatives, infrastructure expansion, and economic development shaping demand across different geographies.

Global Glass Fiber Reinforced Concrete Market By Geography
  • Largest
  • Fastest

To know more about the market opportunities by region and country, click here to
Buy The Complete Report

Glass Fiber Reinforced Concrete Market Dynamics

Glass Fiber Reinforced Concrete Market Drivers

Green Building Emphasis Sparks Growth in Glass Fiber Reinforced Concrete Market

  • Emphasis on green buildings has increased the development of fiberglass reinforced concrete market sharply. Green building refers to the design, construction and operation of structures that prefer energy efficiency, resource protection, stability and environmental responsibility. Green buildings use fiberglass reinforced concrete as an important alternative for durable construction. For example, according to the World Green Building Council, a US-based non-profit organization and global network of national Green Building Councils, by 2030, all new construction will have at least 40% less embodied carbon than existing structures, along with considerable upfront carbon reductions, and all new structures will have net zero operating carbon.

Expanding Construction Sector

  • The global construction industry is thriving in the modern age. This is due to the rise in population, which has given way to rapid urbanization, paving the way for heightened infrastructure development. The growth of the construction industry is mirrored by the concrete reinforcing fiber market. The industry needs these materials for its strength and longevity, along with reduced concrete cracks. This has surged the adoption of these fibers in several construction applications, fueling market growth.

Glass Fiber Reinforced Concrete Market Restraints

Market Fragmentation and Competitive Dynamics

  • The glass fiber reinforced concrete market is highly fragmented, with numerous players offering diverse fiber types and formulations. While this variety expands product choices, it also intensifies competition, leading to pricing pressures and reduced profitability for market participants. The abundance of options can create confusion among buyers, making it challenging to select the most suitable fiber for specific industrial applications. This uncertainty may slow market adoption and hinder overall expansion.

Cost Challenges

  • The higher cost of concrete reinforcing fibers compared to traditional reinforcement materials, such as steel rebar, remains a significant barrier to market growth. Despite the numerous advantages of GFRC, some construction projects may opt for conventional materials due to budget constraints. The financial strain associated with these fibers can be particularly challenging for projects with limited funding or in regions with restricted financial resources, limiting widespread adoption.

Request Free Customization of this report to help us to meet your business objectives.

Glass Fiber Reinforced Concrete Market Competitive Landscape

The global glass fiber reinforced concrete industry is highly competitive, with numerous multinational corporations and regional players driving innovation and growth. Companies such as Ultratech Cement Ltd., a leading Indian cement manufacturer, have expanded their presence in the GFRC sector to cater to growing infrastructure demands. Formglas Products Ltd., based in Canada, specializes in architectural GFRC products, offering customized solutions for construction projects.

Top Player’s Company Profile

  • BASF SE (Germany)
  • Sika AG (Switzerland) 
  • Wuhan Xiangguang Fiber Co., Ltd. (China) 
  • Fibercon International Inc. (United States) 
  • Bekaert (Belgium) 
  • Schnell SpA (Italy) 
  • Cemex S.A.B. de C.V. (Mexico) 
  • W. R. Grace & Co. (United States) 
  • FORTA Corporation (United States) 
  • Barchip (Canada) 
  • Celanese Corporation (United States) 
  • ABC Polymer Industries, LLC (United States) 
  • Nycon Corporation (United States) 
  • Zydex Industries (India) 
  • Fiberstar, Inc. (United States) 
  • Mapei Corporation (Italy) 
  • Nycon (United States) 
  • Borouge (United Arab Emirates) 
  • GCP Applied Technologies (United States) 
  • PPG Industries (United States)

Recent Developments

  • In June 2024, according to the Office of National Statistics, the United Kingdom-based administrative office of the UK's statistics authority, construction production increased by 0.5%, both new work (up to 0.9%) and repair and maintenance (UP) operated 0.1%). Therefore, the growing construction industry operates fiberglass reinforced concrete market.
  • In April 2023, the Spain-based engineering firm, Smart Engineering, participated with the Spain-based production company Ekoncratus, which is responsible for the production and installation of products. Econcretus and Smart Engineering have collaborated to design and build the GFRC parts of the front of the diagonal building in Barcelona. The unique features of these parts are their customized dimensions, given the wide range of parts with high service loads and different dimensions.
  • In September 2023, St.-Goban, a France-based manufacturer of building materials NV for an unknown amount. This acquisition is expected to help increase St. Gobin's status in the chemical market and reduce the CO2 footprint of reinforced concrete. AdFil NV is a Belgian-based company that creates fiber for concrete reinforcement.

Glass Fiber Reinforced Concrete Key Market Trends

Glass Fiber Reinforced Concrete Market SkyQuest Analysis

SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Component types team that Collects, Collates, Correlates, and Analyzes the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.

According to SkyQuestt analysis, the glass fiber reinforced concrete market has been on a path of steady growth in recent years. The developments in the construction and infrastructure sectors globally have influenced this growth. The demand for these fibers is growing as a result of the increasing construction of infrastructure projects spanning residential, commercial, and industrial sectors globally. Concrete reinforcing fibers are suited to be used in a large number of applications owing to their ability to improve tensile strength and durability of concrete. Manufacturers are targeting the production of fibers made from recycled and renewable sources as the need for green and eco-friendly construction materials. The growing awareness of the benefits of using reinforcing fibers in concrete, such as reduced maintenance costs and improved crack resistance has driven this market. These fibers can boost the structural integrity of buildings exponentially, making them vital in earthquake-prone regions. Additionally, the ongoing trend in emerging economies of infrastructure development and urbanization has heavily contributed to the demand for concrete reinforcing fibers. Challenges like shifting raw material pricing and the availability of substitutes like steel reinforcing bars persist despite these encouraging trends.

Report Metric Details
Market size value in 2023 USD 2.5 billion
Market size value in 2032 USD 5.75 billion
Growth Rate 9.7%
Base year 2024
Forecast period 2025-2032
Forecast Unit (Value) USD Billion
Segments covered
  • Process
    • Spray
    • Premix
    • Hybrid
  • Application
    • Commercial Construction (Institutions
    • Hospitals
    • Offices
    • Airports
    • Others)
    • Residential Construction
    • Civil & Other Infrastructure Construction (Bridges/ Highways/ Tunnels/ Railways
    • Defense)
Regions covered North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA)
Companies covered
  • BASF SE (Germany)
  • Sika AG (Switzerland) 
  • Wuhan Xiangguang Fiber Co., Ltd. (China) 
  • Fibercon International Inc. (United States) 
  • Bekaert (Belgium) 
  • Schnell SpA (Italy) 
  • Cemex S.A.B. de C.V. (Mexico) 
  • W. R. Grace & Co. (United States) 
  • FORTA Corporation (United States) 
  • Barchip (Canada) 
  • Celanese Corporation (United States) 
  • ABC Polymer Industries, LLC (United States) 
  • Nycon Corporation (United States) 
  • Zydex Industries (India) 
  • Fiberstar, Inc. (United States) 
  • Mapei Corporation (Italy) 
  • Nycon (United States) 
  • Borouge (United Arab Emirates) 
  • GCP Applied Technologies (United States) 
  • PPG Industries (United States)
Customization scope

Free report customization with purchase. Customization includes:-

  • Segments by type, application, etc
  • Company profile
  • Market dynamics & outlook
  • Region

To get a free trial access to our platform which is a one stop solution for all your data requirements for quicker decision making. This platform allows you to compare markets, competitors who are prominent in the market, and mega trends that are influencing the dynamics in the market. Also, get access to detailed SkyQuest exclusive matrix.

Buy The Complete Report to read the analyzed strategies adopted by the top vendors either to retain or gain market share

Table Of Content

Executive Summary

Market overview

  • Exhibit: Executive Summary – Chart on Market Overview
  • Exhibit: Executive Summary – Data Table on Market Overview
  • Exhibit: Executive Summary – Chart on Glass Fiber Reinforced Concrete Market Characteristics
  • Exhibit: Executive Summary – Chart on Market by Geography
  • Exhibit: Executive Summary – Chart on Market Segmentation
  • Exhibit: Executive Summary – Chart on Incremental Growth
  • Exhibit: Executive Summary – Data Table on Incremental Growth
  • Exhibit: Executive Summary – Chart on Vendor Market Positioning

Parent Market Analysis

Market overview

Market size

  • Market Dynamics
    • Exhibit: Impact analysis of DROC, 2021
      • Drivers
      • Opportunities
      • Restraints
      • Challenges
  • SWOT Analysis

KEY MARKET INSIGHTS

  • Technology Analysis
    • (Exhibit: Data Table: Name of technology and details)
  • Pricing Analysis
    • (Exhibit: Data Table: Name of technology and pricing details)
  • Supply Chain Analysis
    • (Exhibit: Detailed Supply Chain Presentation)
  • Value Chain Analysis
    • (Exhibit: Detailed Value Chain Presentation)
  • Ecosystem Of the Market
    • Exhibit: Parent Market Ecosystem Market Analysis
    • Exhibit: Market Characteristics of Parent Market
  • IP Analysis
    • (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
  • Trade Analysis
    • (Exhibit: Data Table: Import and Export data details)
  • Startup Analysis
    • (Exhibit: Data Table: Emerging startups details)
  • Raw Material Analysis
    • (Exhibit: Data Table: Mapping of key raw materials)
  • Innovation Matrix
    • (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
  • Pipeline product Analysis
    • (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
  • Macroeconomic Indicators

COVID IMPACT

  • Introduction
  • Impact On Economy—scenario Assessment
    • Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
  • Revised Market Size
    • Exhibit: Data Table on Glass Fiber Reinforced Concrete Market size and forecast 2021-2027 ($ million)
  • Impact Of COVID On Key Segments
    • Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
  • COVID Strategies By Company
    • Exhibit: Analysis on key strategies adopted by companies

MARKET DYNAMICS & OUTLOOK

  • Market Dynamics
    • Exhibit: Impact analysis of DROC, 2021
      • Drivers
      • Opportunities
      • Restraints
      • Challenges
  • Regulatory Landscape
    • Exhibit: Data Table on regulation from different region
  • SWOT Analysis
  • Porters Analysis
    • Competitive rivalry
      • Exhibit: Competitive rivalry Impact of key factors, 2021
    • Threat of substitute products
      • Exhibit: Threat of Substitute Products Impact of key factors, 2021
    • Bargaining power of buyers
      • Exhibit: buyers bargaining power Impact of key factors, 2021
    • Threat of new entrants
      • Exhibit: Threat of new entrants Impact of key factors, 2021
    • Bargaining power of suppliers
      • Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
  • Skyquest special insights on future disruptions
    • Political Impact
    • Economic impact
    • Social Impact
    • Technical Impact
    • Environmental Impact
    • Legal Impact

Market Size by Region

  • Chart on Market share by geography 2021-2027 (%)
  • Data Table on Market share by geography 2021-2027(%)
  • North America
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • USA
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Canada
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Europe
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • Germany
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Spain
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • France
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • UK
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of Europe
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Asia Pacific
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • China
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • India
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Japan
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • South Korea
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of Asia Pacific
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Latin America
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • Brazil
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of South America
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Middle East & Africa (MEA)
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • GCC Countries
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • South Africa
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of MEA
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)

KEY COMPANY PROFILES

  • Competitive Landscape
    • Total number of companies covered
      • Exhibit: companies covered in the report, 2021
    • Top companies market positioning
      • Exhibit: company positioning matrix, 2021
    • Top companies market Share
      • Exhibit: Pie chart analysis on company market share, 2021(%)

Methodology

For the Glass Fiber Reinforced Concrete Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:

1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.

2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Glass Fiber Reinforced Concrete Market.

3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.

4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.

Analyst Support

Customization Options

With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Glass Fiber Reinforced Concrete Market:

Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.

Regional Analysis: Further analysis of the Glass Fiber Reinforced Concrete Market for additional countries.

Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.

Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.

Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.

Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.

Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.

Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.

$5,300

REQUEST FOR SAMPLE

Please verify that you're not a robot to proceed!
Want to customize this report? REQUEST FREE CUSTOMIZATION

FAQs

Glass Fiber Reinforced Concrete Market size was valued at USD 3.14 billion in 2023 and is poised to grow from USD 3.4 billion in 2024 to USD 6.43 billion by 2032, growing at a CAGR of 8.3% in the forecast period (2025-2032).

The global glass fiber reinforced concrete industry is highly competitive, with numerous multinational corporations and regional players driving innovation and growth. Companies such as Ultratech Cement Ltd., a leading Indian cement manufacturer, have expanded their presence in the GFRC sector to cater to growing infrastructure demands. Formglas Products Ltd., based in Canada, specializes in architectural GFRC products, offering customized solutions for construction projects. 'BASF SE (Germany)', 'Sika AG (Switzerland)', 'Wuhan Xiangguang Fiber Co., Ltd. (China)', 'Fibercon International Inc. (United States)', 'Bekaert (Belgium)', 'Schnell SpA (Italy)', 'ELASTO Plastic Concrete Fiber (Turkey)', 'Cemex S.A.B. de C.V. (Mexico)', 'W. R. Grace & Co. (United States)', 'Euclid Chemical Company (United States)', 'FORTA Corporation (United States)', 'Barchip (Canada)', 'Celanese Corporation (United States)', 'ABC Polymer Industries, LLC (United States)', 'Nycon Corporation (United States)', 'Tensar International Corporation (United States)', 'Zydex Industries (India)', 'Fiberstar, Inc. (United States)', 'Mapei Corporation (Italy)', 'Nycon (United States)', 'Borouge (United Arab Emirates)', 'GCP Applied Technologies (United States)', 'PPG Industries (United States)', 'Propex Global (United States)'

Emphasis on green buildings has increased the development of fiberglass reinforced concrete market sharply. Green building refers to the design, construction and operation of structures that prefer energy efficiency, resource protection, stability and environmental responsibility. Green buildings use fiberglass reinforced concrete as an important alternative for durable construction. For example, according to the World Green Building Council, a US-based non-profit organization and global network of national Green Building Councils, by 2030, all new construction will have at least 40% less embodied carbon than existing structures, along with considerable upfront carbon reductions, and all new structures will have net zero operating carbon.

Increasing Adoption of Synthetic Fiber Reinforcements: The market is heavily influenced by a key market trend i.e. the rising adoption of synthetic fibers. These fibers are replacing traditional steel reinforcement. Concrete mixes are extensively used by synthetic fibers like polyethylene and polypropylene. This is due to their ability to resist cracks, coupled with high durability and tensile strength. Their abilities to resist corrosion and reduce weight have also helped its surged adoption.

North America dominated the market. The region’s high construction activity, well-developed infrastructure, and stringent building codes have led to a thriving construction industry in North America creating a huge demand for concrete reinforcing fibers. The integration of advanced construction technologies, like the use of fiber-reinforced concrete, has driven market growth in the region. The United States has a strong presence in the market, with numerous companies focusing on research, development, and sustainable construction solutions. The country's emphasis on green building initiatives and architectural applications further supports market expansion.

Want to customize this report? This report can be personalized according to your needs. Our analysts and industry experts will work directly with you to understand your requirements and provide you with customized data in a short amount of time. We offer $1000 worth of FREE customization at the time of purchase.

logo-images

Feedback From Our Clients

Glass Fiber Reinforced Concrete Market
Glass Fiber Reinforced Concrete Market

Report ID: SQMIG15F2228

[email protected]
USA +1 351-333-4748

BUY NOW GET FREE SAMPLE