The Global Glass Fiber Reinforced Gypsum (GFRG) Market was valued at USD XX million in 2017, and is expected to grow at a CAGR of XX% by 2025. Growing demand for sustainable, eco-friendly and affordable construction materials will drive the Glass Fiber Reinforced Gypsum (GFRG) market.
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Glass Fiber Reinforced Gypsum (GFRG) is high strength construction panels made from glass fibers bonded with high density gypsum cement. Conventionally construction panels were made with plaster castings. The GFRG is lighter in weight, better in strength and much easier to install than the traditional plaster castings. The GFRG is increasingly being adopted in Construction industry owing to its superior properties. The market growth is led by increase in demand from new infrastructure projects such as airports, commercial buildings and residential complexes.
Limited number of manufacturing plants in emerging markets and difficulty in transportation are posing challenge to market growth. Fluctuation in supply of gypsum, major constituent of GFRG restrict the market growth.
The Type X GFRG accounted for the largest market share in 2017 and is expected to grow considerably during the projected period. The type X GFRG is widely used in construction industry. Type X is easily available; it is cheap and provides good thermal resistance properties to the panels. Interior application accounts for the major market share for Type X GFRG.
North America is the largest market for GFRG owing to increasing demand for sustainable and rapid construction material. Emerging economies, which are witnessing rapid urbanization and heavy investment in infrastructure projects, are potential GFRG markets.
Some of the key players operating in this market include USG Corporation, Formglas Inc., CertainTeed, American Gypsum, Knauf Danoline , Saint-Gobain Gyproc , and Georgia-Pacific, among others.
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Key benefits of the report:
- Global, Regional, Country, Application, and By Type Market Size and Forecast from 2014-2025
- Detailed market dynamics, industry outlook with market specific PESTLE, Value Chain, Supply Chain, and SWOT Analysis to better understand the market and build strategies
- Identification of key companies that can influence this market on a global and regional scale
- Expert interviews and their insights on market shift, current and future outlook and factors impacting vendors short term and long term strategies
- Detailed insights on emerging regions, By Type & application, and competitive landscape with qualitative and quantitative information and facts
- Emerging technologies benefitting the market
* GFRG manufacturers
* Construction Companies
* Research and consulting firms
* Government and research organizations
* Associations and industry bodies
The market is derived through extensive use of secondary, primary, in-house research followed by expert validation and third party perspective like analyst report of investment banks. The secondary research forms the base of our study where we conducted extensive data mining, referring to verified data sources such as government and regulatory published materials, technical journals, trade magazines, and paid data sources.
For forecasting, regional demand & supply factor, investment, market dynamics including technical scenario, consumer behavior, and end use industry trends and dynamics , capacity Production, spending were taken into consideration.
We have assigned weights to these parameters and quantified their market impacts using the weighted average analysis to derive the expected market growth rate.
The market estimates and forecasts have been verified through exhaustive primary research with the Key Industry Participants (KIPs) which typically include:
* GFRG companies
* Construction companies,
* Industry Expert
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TABLE OF CONTENT
1 Executive Summary
2 Methodology And Market Scope
3 Glass Fiber Reinforced Gypsum (Gfrg) Market — Industry Outlook
4 Glass Fiber Reinforced Gypsum (Gfrg) Market By Type Outlook
5 Glass Fiber Reinforced Gypsum (Gfrg) Market Application Outlook
6 Glass Fiber Reinforced Gypsum (Gfrg) Market Regional Outlook
7 Competitive Landscape
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