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NEW YORK , May 17, 2022 /PRNewswire/ -- The global glass fiber reinforced concrete (GFRC) market size is expected to grow by USD 600.55 million from 2021 to 2026 at a CAGR of 6.16% as per the latest market report by Technavio. 41% of the market's growth will originate from North America during the forecast period. US and Canada are the key markets for glass fiber reinforced concrete (GFRC) in North America . Market growth in this region will be faster than the growth of the market in South America and MEA. The significant increase in the demand for GFRC in construction, transportation, and electronics and electrical industries will facilitate the glass fiber reinforced concrete (GFRC) market growth in North America over the forecast period.
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Read the 120-page report with TOC on "Glass Fiber Reinforced Concrete (GFRC) Market Analysis Report by Application (Commercial construction, Residential construction, and Civil and other infrastructure construction) and Geography (North America , Europe , APAC, South America , and Middle East and Africa ), and the Segment Forecasts,2022-2026". Gain competitive intelligence about market leaders. Track key industry opportunities, trends and threats. Information on marketing, brand, strategy and market development, sales, and supply functions. https://www.technavio.com/report/report/glass-fiber-reinforced-concrete-gfrc-market-industry-analysis
Glass Fiber Reinforced Concrete (GFRC) Market: Drivers & Trends
The key factor driving the global glass fiber reinforced concrete (GFRC) market growth is the reduced construction time and cost. Reduction in time also results in a reduction of human labor, which leads to cost-saving. Unlike cast-in-situ construction, precast uses fewer resources such as cement, fiber reinforcement, water, energy, and human labor, thereby generating less waste in the factory and construction sites. Precast construction allows parts of an entire building to be made even before the completion of the foundation for the same. Improved quality and productivity, shortened construction time, and reduced waste generation makes this type of construction method cheaper, making it preferable for end-users. Such factors will drive the growth of the market focus during the forecast period.
Also, the increased use of GFRC in the construction industry is one of the key GFRC market trends that is expected to impact the industry positively in the forecast period. The following key factors drive the growth in investments made in the residential sector:
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Some of the key Glass Fiber Reinforced Concrete (GFRC) Players:
The glass fiber reinforced concrete (GFRC) market is fragmented and the vendors are deploying organic and inorganic growth strategies to compete in the market.
Glass Fiber Reinforced Concrete (GFRC) Market: Segmentation Analysis
Application Outlook (Revenue, USD mn, 2021-2026)
Geography Outlook (Revenue, USD mn, 2021-2026)
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The competitive scenario provided in the glass fiber reinforced concrete (GFRC) market report analyzes, evaluates, and positions companies based on various performance indicators. Some of the factors considered for this analysis include the financial performance of companies over the past few years, growth strategies, product innovations, new product launches, investments, growth in market share, etc.Don't wait, Make a strategic approach & boost your business goals with our glass fiber reinforced concrete (GFRC) market Forecast Report - Buy Now!
Glass Fiber Reinforced Concrete (GFRC) Market Scope
Accelerate at a CAGR of 6.16%
Leading companies, competitive strategies, consumer engagement scope
ASAHI BUILDING-WALL Co. Ltd, BarChip Pty Ltd., BCM GRC Ltd., Chiltern GRC Ltd., Dalian Shantai New Industrial Co. Ltd., Domcrete GFRC Countertop Supplies, Fibrobeton Yapi Elemanlari, Fishstone Studio Inc., Formglas Products Ltd., GB Architectural Cladding Products Ltd., Glass Reinforced Concrete UK Ltd., Pennine Stone Ltd., Shanghai Zhuoou Building Decoration Engineering Co. Ltd., Smooth On Inc., SureCrete Design Products, Ibstock Telling, and Betofiber AS
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, market condition analysis for the forecast period,
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