Global Glass Fiber Reinforced Gypsum (GFRG) Market, By Type (Type X, Type C, Others), Application (Interior, Exterior, Others), End User (Non-residential, Residential, Others), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2029
Market Analysis and Insights Global Glass Fiber Reinforced Gypsum (GFRG) Market
The glass fiber reinforced gypsum (GFRG) market is expected to witness market growth at a rate of 6.14% in the forecast period of 2022 to 2029. Data Bridge Market Research report on glass fiber reinforced gypsum (GFRG) market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecast period while providing their impacts on the market’s growth. The increase in demand for the product for various industrial applications is escalating the growth of glass fiber reinforced gypsum (GFRG) market.
Glass fiber reinforced gypsum (GFRG) refers to the product that is manufactured by reinforcing high density alpha-based gypsum plaster with glass fibers. It is considered as an interior alternative to GFRC. The product is basically a reinforced gypsum product that possesses high strength with lighter weight for interior projects.
The rise in demand for high quality materials in construction sector across the globe acts as one of the major factors driving the growth of glass fiber reinforced gypsum (GFRG) market. The increase in demand for glass fiber reinforced gypsum (GFRG) because of its superior characteristics such as flame resistance, and surge in construction spending in emerging economies accelerate the market growth. The rise in awareness regarding superior thermal and acoustical insulation properties of glass fiber reinforced gypsum, and increase in demand in the commercial building including educational institutes, residential buildings and hospitals, further influence the market. Additionally, implementation of stringent regulations, rise in awareness, surge in investments and high product adoption owning to the ease of installation due to its lightweight positively affect the glass fiber reinforced gypsum (GFRG) market. Furthermore, increase in preference for materials with aesthetic appeal for commercial construction extends profitable opportunities to the market players in the forecast period of 2022 to 2029.
On the other hand, higher product prices and limited gypsum supply are expected to obstruct the market growth. High cost for plant setup and machinery is projected to challenge the glass fiber reinforced gypsum (GFRG) market in the forecast period of 2022-2029.
This glass fiber reinforced gypsum (GFRG) market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on glass fiber reinforced gypsum (GFRG) market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Glass Fiber Reinforced Gypsum (GFRG) Market Scope and Market Size
The glass fiber reinforced gypsum (GFRG) market is segmented on the basis of type, application and end user. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target markets.
- On the basis of type, the glass fiber reinforced gypsum (GFRG) market is segmented into type x, type c, and others.
- On the basis of application, the glass fiber reinforced gypsum (GFRG) market is segmented into interior, exterior and others. The interior is further segmented into wall, ceiling & floor, column & light cover. Exterior segment is further segmented into wall and cladding.
- On the basis of end user, the glass fiber reinforced gypsum (GFRG) market is segmented into non-residential, residential and others. The non-residential is further segmented into institutions, hospitals, offices, airports and others.
Glass Fiber Reinforced Gypsum (GFRG) Market Country Level Analysis
The glass fiber reinforced gypsum (GFRG) market is analyzed and market size, volume information is provided by country, type, application and end user as referenced above.
The countries covered in the global glass fiber reinforced gypsum (GFRG) market report are the U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America dominates the glass fiber reinforced gypsum (GFRG) market due to the rise in the construction spending within the region. Asia-Pacific is expected to be the fastest growing market during the forecast period of 2022 to 2029 because of the growing construction and transport sectors in the region.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Glass Fiber Reinforced Gypsum (GFRG) Market Share Analysis
The glass fiber reinforced gypsum (GFRG) market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to glass fiber reinforced gypsum (GFRG) market.
Some of the major players operating in the glass fiber reinforced gypsum (GFRG) market report are Certainteed, Plasterceil Industries Pte Ltd, FRBL, American Gypsum, Saint-Gobain Gyproc India Ltd., Shanghai Chuncui Decoration Material Co., Ltd., Continental Building Products, GC Products, Inc., Gillespie, Inc., Formglas Products Ltd, USG Corporation, Rapidwall, Owens Corning, Fibrex Construction Chemicals Private Limited, Knauf Danoline A/S, Intexforms, Inc., Georgia-Pacific, National Gypsum Company, Stromberg Architectural, Chiyoda UTE Co., Ltd., Yingchuang Building Technique (Shanghai) Co. Ltd., and Horizons Industrial Development Co. L.L.C., among others.
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