Top Glass Fiber Reinforced Concrete Companies

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.