Glass Fiber Reinforced Concrete Market Size Worth $244.2 Million By 2027: Grand View Research, Inc.

Glass Fiber Reinforced Concrete Market Size Worth $244.2 Million By 2027: Grand View Research, Inc.

PR Newswire

SAN FRANCISCO, Sept. 15, 2020

SAN FRANCISCO, Sept. 15, 2020 /PRNewswire/ -- The global glass fiber reinforced concrete market size is expected to reach USD 244.2 million by 2027, expanding at a CAGR of 5.76% from 2020 to 2027, according to a new report by Grand View Research, Inc. The rising demand for non-corrosive materials in the construction industry is projected to propel the demand for glass fiber reinforced concrete (GFRC).

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Key suggestions from the report:

Read 106 page research report with ToC on "Glass Fiber Reinforced Concrete Market Size, Share & Trends Analysis Report By Process (Spray, Premix, Hybrid), By Application, By Region, And Segment Forecasts, 2020 - 2027" at: https://www.grandviewresearch.com/industry-analysis/glass-fiber-reinforced-concrete-market

Rising use of glass fibers to create fireplace surrounds, façade wall panels, vanity tops, fireplace surrounds, and concrete countertops owing to their unique properties and tensile strength is anticipated to benefit the demand for glass fiber reinforced concrete. In addition, increasing technological advancements in the construction sector are likely to fuel the GFRC market growth.

Expanding population and rapid urbanization and industrialization in the emerging economies are expected to drive governments to increase their construction spending to cater to the rising infrastructure needs. This, in turn, is projected to drive the demand for GFRC in various construction applications.

Glass fibers reinforced concrete panels are comparatively thinner than the traditionally used concrete panels. In addition, a high dose of glass fibers leads to excellent tensile strength while high polymer content makes the concrete flexible and resistant to cracking. This is anticipated to fuel market growth.

Grand View Research has segmented the global glass fiber reinforced concrete market on the basis of process, application, and region:

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About Grand View Research

Grand View Research, U.S.-based market research and consulting company, provides syndicated as well as customized research reports and consulting services. Registered in California and headquartered in San Francisco, the company comprises over 425 analysts and consultants, adding more than 1200 market research reports to its vast database each year. These reports offer in-depth analysis on 46 industries across 25 major countries worldwide. With the help of an interactive market intelligence platform, Grand View Research helps Fortune 500 companies and renowned academic institutes understand the global and regional business environment and gauge the opportunities that lie ahead.

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