PUNE, India, June 7, 2018 /PRNewswire/ --
The report "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", published by MarketsandMarkets™, the GFRC Market is projected to grow from an estimated USD 2.01 Billion in 2018 to USD 3.32 Billion by 2023, at a CAGR of 10.5% between 2018 and 2023. GFRC offers fire & weather resistance, design flexibility, and ease of handling and rapid construction. In addition, the inherent properties, such as high temperature resistance in building products are expected to lead to an increase in demand in the construction industry. Hence, the rise in construction projects is one of the significant factors projected to drive the GFRC Market.
Browse 102 market data Tables and 34 Figures spread through 110 Pages and in-depth TOC on "Glass Fiber Reinforced Concrete (GFRC) Market"
Early buyers will receive 10% customization on this report
Based on process, the hybrid process segment of the GFRC Market is projected to grow at the highest CAGR during the forecast period, in terms of value and volume
The GFRC Market is segmented on the basis of process into spray, premix, and hybrid. The GFRC Market is led by the spray process segment. The manufacture of hybrid GFRC is a technologically advanced process, which is expected to lower the labor input, thereby decreasing production cost. The process is at a nascent stage and is expected to grow at a high CAGR during the forecast period.
Get PDF Brochure @ https://www.marketsandmarkets.com/pdfdownload.asp?id=190652223
The commercial construction application is projected to lead the GFRC Market during the forecast period, in terms of value and volume
GFRC is increasingly being used in the residential and commercial construction application. The commercial construction application is projected to lead the GFRC Market between 2018 and 2023, in terms of both, value and volume. GFRC offers several benefits, such as fire resistance, moisture absorption, weather resistance, and durability, which, in turn, is contributing to the increasing demand for GFRC in the construction industry.
North America is estimated to be the largest market for GFRC in 2018, in terms of value
North America is estimated to be the largest market for GFRC in 2018. The growth of the North American GFRC Market can be attributed to the growth of the building & construction industry and presence of well-established GFRC manufacturers, such as Formglas Products Ltd. (Canada), Clark Pacific (US), Willis Construction Co., Inc. (US), Stromberg Architectural (US), and various others in the region. Additionally, increase in the number of residential and commercial construction activities in the US and Canada is contributing to the growth of the North American GFRC Market.
Key players operating in the GFRC Market include 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), and BB Fiberbeton (Denmark).
Know more about GFRC Market:
MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies' revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.
Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model - GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.
MarketsandMarkets's flagship competitive intelligence and market research platform, "Knowledge Store" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.
630 Dundee Road
Northbrook, IL 60062
Visit Our Blog: http://www.marketsandmarketsblog.com/market-reports/chemical
Connect with us on LinkedIn: http://www.linkedin.com/company/marketsandmarkets