Glass Fiber Reinforced Gypsum Market Size to Reach USD 4.41 Billion By 2027

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Glass Fiber Reinforced Gypsum Market: An Overview

According to a market analysis by Reports and Data, the global glass fiber Reinforced Gypsum (GFRG) market is forecast to succeed in USD 4.41 Billion by 2027. GFRG is usually utilized in construction applications of columns, ceiling, moldings, light coves, domes, medallions, capitals, fireplace surrounds, and custom shapes. Instances of applications where the GFRG can't be used include fountains and swimming pools due to its susceptibility to moisture. glass fiber reinforced gypsum is an architectural material which can be wont to improve the ornamental quality of constructions. Construction applications for GFRG include office construction, residential construction, and commercial construction, like hotels, casinos, and theatres. GFRG is out there in several forms, like panels, parts, or as a powder. GFRG panels are considered to be the foremost widely used sort of the merchandise .


Glass fiber reinforced gypsum may be a gypsum composite that's reinforced with glass fibers. Gypsum may be a fundamental staple , the supply of which features a significant impact on the GFRG market. A limited supply of gypsum leads to higher product prices, and affects the manufacturer's profitability, which will, therefore, hurt the general growth.

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GFRG offers several benefits. the foremost crucial advantage of using glass fiber reinforced gypsum is its flame-retardant quality because it may be a mineral and doesn't burn. It also acts as a thermal regulator when exposed to a flame and protects other materials for a brief period. GFRG are often used for both interior and exterior building decoration. The applications in these two cases can vary considerably in quantity and depend upon customer requirements.

Glass Fiber Reinforced Gypsum Market Dynamics

Awareness about the superb thermal and acoustic insulation properties of glass fiber reinforced gypsum will stimulate demand for GFRG in commercial buildings, educational institutions, hospitals, and residential buildings. Greater preference for aesthetically appealing construction materials will encourage growth in GFRG market.

The glass fiber reinforced gypsum market has seen wide adoption of GFRG panels stuffed with reinforced concrete to satisfy the growing housing demand in Asia, especially in India. The need for rapid techniques for the timely delivery of construction projects and therefore the need for cost-effective and sustainable alternative solutions are expected to spur demand for products further. The expansion of the GFRG construction system, which has proved to be a favored rapid-construction technology for the building of wall panels in affordable mass housing construction, is anticipated to exhibit a positive impact on market growth.

Glass fiber reinforced gypsum also has certain drawbacks. It's costlier than various alternatives owing to the relative complexity of its manufacturing process. The need for a highly skilled workforce, greater installation and machinery cost can dissuade new entrants to the industry. The GFRG also lacks ductility and is therefore more susceptible to breakage. Its inadequate weather resistance also can create problems which will potentially cause higher use of GFRG within the interior of a building, compared to the outside of the building.

The GFRG industry is controlled mainly by the price of raw materials and is primarily capital-intensive. Also, GFRG manufacturers may experience difficulties in establishing their business, due to the presence of too many suppliers across the world, which results in low switching costs. Such factors can act as hindrances to the expansion of the GFRG industry.
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Glass Fiber Reinforced Gypsum Market: Regional Outlook

Asia-Pacific region is predicted to register robust growth over the forecast period due to rapid expansion of the construction and transportation sectors. The expansion of the infrastructure development industry in Asia-Pacific offers considerable opportunities for GFRG manufacturers to garner profits. The expansion of public infrastructure, especially in India and China, should positively impact the glass fiber reinforced gypsum market trends over the coming years.

The industry within the South America region is anticipated to register the highest CAGR over the forecast period. This growth is thanks to the swelling demand for GFRG within the building and housing industry in countries in South America. Initiatives undertaken by governments of varied countries to market smart city developments also are contributing to the expansion of the GFRG market in the region.

Glass Fiber Reinforced Gypsum Market: Key Players

  • Saint-Gobain Gyproc
    • Knauf Danoline
    • Georgia-Pacific
    • American Gypsum
    • Formglas
    • Chiyoda UTE
    • Gillespie
    • Stromberg Architectural
    • Owens Corning
    • National Gypsum Company

    The COVID-19 Impact on Glass Fiber Reinforced Gypsum Market:

    The COVID-19 pandemic is predicted to cause a huge negative impact on the global glass fiber reinforced gypsum market in 2020, the rationale being the halt in external and internal applications in both residential and non-residential construction and end-uses of the product. These end use applications had been liable for the expansion in market share in 2019. Also, production shutdowns and supply chain disruptions have led to a slower outlook in the market, which is anticipated to witness short-term impacts on overall sales that would have lasting effects. While the industry expects things to return to normal well before the pandemic is over, negative demand shock caused by the crisis is probably going to last. After the pandemic, however, trends discussed in the Global glass fiber reinforced gypsum market report are expected to garner accelerated pace over time.

 

To identify the key trends in the industry, click on the link below:https://www.reportsanddata.com/report-detail/gfrg-glass-fiber-reinforced-gypsum-market

Report Highlights:

  • Detailed overview of the market
  • Evolving glass fiber reinforced gypsum market dynamics
  • In-depth glass fiber reinforced gypsum market classification
  • Historical, present, and anticipated glass fiber reinforced gypsum market size and share in terms of volume and value
  • Recent glass fiber reinforced gypsum market trends and advances
  • Competitive landscape
  • Strategies adopted by key players and products portfolio
  • Segments, sub-segments, and geographic regions exhibiting growth prospects
  • A neutral and global perspective on glass fiber reinforced gypsum market performance

Glass Fiber Reinforced Gypsum Market: Segmentation

For the purpose of this report, Reports and Data has segmented into the global Glass Fiber Reinforced Gypsum market on the basis of Type, Application, End-Use, and Region:

Type Outlook (Revenue, USD Billion; 2017-2027)

  • Type X
  • Type C
  • Others

Application Outlook (Revenue, USD Billion; 2017-2027)

  • External
  • Internal

End-Use Outlook (Revenue, USD Billion; 2017-2027)

  • Non-Residential
  • Residential

Regional Outlook (Revenue, USD Billion; 2017-2027)

  • North America
    • S
  • Europe
    • K
    • France
  • Asia Pacific
    • China
    • India
    • Japan
  • MEA
  • Latin America
    • Brazil

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