Product ID: UCMIG15F2064
Glass Fiber Reinforced Concrete Market Size, Share, Growth Analysis, By Process(Spray, Premix), By Application(Commercial Construction, Residential Construction), By Regional(North America, Europe) - Industry Forecast 2024-2031
Report ID:
UCMIG15F2064 |
Region:
Global |
Published Date: Upcoming |
Pages:
165
| Tables: 55 | Figures: 60
Glass Fiber Reinforced Concrete Market Insights
Market Overview:
The global glass fibre reinforced concrete market was worth USD 156.09 million in 2019 and is predicted to develop at a CAGR of 5.76% between 2020 and 2027. Rising demand for glass fibre in residential, commercial, and civil projects is expected to boost market expansion. Product advantages such as strong tensile, flexural, and compressive strength are expected to drive demand for it as a reinforcement material in concrete. This increases the strength of the building materials, boosting its demand in the building of countertops, fire surrounds, and other structures. Because of increased remodelling and renovation operations in the residential building sector, the market in the United States is likely to rise rapidly in the near future.
Glass Fiber Reinforced Concrete Market, Forecast & Y-O-Y Growth Rate, 2020 - 2028
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This report is being written to illustrate the market opportunity by region and by segments, indicating opportunity areas for the vendors to tap upon. To estimate the opportunity, it was very important to understand the current market scenario and the way it will grow in future.
Production and consumption patterns are being carefully compared to forecast the market. Other factors considered to forecast the market are the growth of the adjacent market, revenue growth of the key market vendors, scenario-based analysis, and market segment growth.
The market size was determined by estimating the market through a top-down and bottom-up approach, which was further validated with industry interviews. Considering the nature of the market we derived the Construction Materials by segment aggregation, the contribution of the Construction Materials in Diversified Materials and vendor share.
To determine the growth of the market factors such as drivers, trends, restraints, and opportunities were identified, and the impact of these factors was analyzed to determine the market growth. To understand the market growth in detail, we have analyzed the year-on-year growth of the market. Also, historic growth rates were compared to determine growth patterns.
Glass Fiber Reinforced Concrete Market Report Snapshots
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