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    Glass Fiber Reinforced Concrete Market Research Report – Forecast to 2032 Infographic

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    Glass Fiber Reinforced Concrete Market

    ID: MRFR/CO/4759-HCR
    125 Pages
    Tejas Chaudhary
    September 2025

    Glass Fiber Reinforced Concrete Market Research Report by Process (Spray, Premix, and Hybrid), By Application (Commercial, Residential, Civil Construction & Others) and by Region (the Americas, Asia Pacific, Europe, Middle East and Africa) — Global Forecast till 2032

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    Glass Fiber Reinforced Concrete Market Research Report – Forecast to 2032 Infographic
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    Table of Contents

    Glass Fiber Reinforced Concrete Market Summary

    As per Market Research Future Analysis, the Glass Fiber Reinforced Concrete (GFRC) market was valued at USD 2.74 billion in 2023 and is projected to grow to USD 6.38 billion by 2032, with a CAGR of 9.9% from 2024 to 2032. The GFRC is favored in the construction industry for its durability and versatility in applications such as exterior facades and architectural precast concrete. The COVID-19 pandemic unexpectedly boosted demand as homeowners focused on remodeling projects. The market is driven by increasing environmental consciousness and government regulations promoting sustainable building materials.

    Key Market Trends & Highlights

    The GFRC market is characterized by significant growth opportunities and competitive dynamics.

    • Market Size in 2023: USD 2.74 billion
    • Projected Market Size by 2032: USD 6.38 billion
    • CAGR from 2024 to 2032: 9.9%
    • Expected Market Size by 2030: USD 7.17 billion

    Market Size & Forecast

    2023 Market Size USD 2.74 billion
    2024 Market Size USD 2.99 billion
    2032 Market Size USD 6.38 billion
    CAGR (2024-2032) 9.9%

    Major Players

    Key companies include Willis Construction Co., Inc. (U.S.), Fibrex Construction Group (UAE), Formglas Products Ltd. (Canada), Clark Pacific (U.S.), Ultratech Cement Ltd. (India), and others.

    Glass Fiber Reinforced Concrete Market Trends

    The increasing demand for sustainable construction materials is driving innovation in the Glass Fiber Reinforced Concrete market, as it offers enhanced durability and reduced environmental impact compared to traditional concrete.

    U.S. Department of Energy

    Glass Fiber Reinforced Concrete Market Drivers

    Market Growth Projections

    The Global Glass Fiber Reinforced Concrete Market Industry is poised for substantial growth in the coming years. Projections indicate that the market will reach 2.99 USD Billion in 2024 and is expected to expand significantly to 8.47 USD Billion by 2035. This growth trajectory suggests a robust compound annual growth rate (CAGR) of 9.93% from 2025 to 2035. Such figures reflect the increasing adoption of GFRC across various sectors, driven by its unique properties and benefits. The anticipated growth underscores the material's potential to reshape the construction landscape globally.

    Versatility in Architectural Applications

    The versatility of glass fiber reinforced concrete in architectural applications is a key driver for the Global Glass Fiber Reinforced Concrete Market Industry. GFRC can be molded into various shapes and finishes, allowing architects to explore innovative designs without compromising structural integrity. Its lightweight nature facilitates easier installation, making it a preferred choice for decorative elements, cladding, and facades. This adaptability enhances its appeal in both residential and commercial projects, contributing to increased demand. As architects continue to push the boundaries of design, the market for GFRC is expected to expand, reflecting its growing importance in contemporary architecture.

    Technological Advancements in Concrete Production

    Technological innovations in concrete production are significantly influencing the Global Glass Fiber Reinforced Concrete Market Industry. Advanced mixing techniques and the incorporation of high-performance fibers enhance the mechanical properties of GFRC, making it more appealing for various applications. For example, the use of automated manufacturing processes ensures consistent quality and reduces production costs. These advancements not only improve the performance of GFRC but also expand its applicability in architectural designs and infrastructure projects. As a result, the market is anticipated to grow at a CAGR of 9.93% from 2025 to 2035, further solidifying its position in the construction sector.

    Rising Demand for Sustainable Construction Materials

    The Global Glass Fiber Reinforced Concrete Market Industry is experiencing a notable shift towards sustainable construction practices. As environmental concerns gain prominence, builders and architects increasingly favor materials that minimize ecological impact. Glass fiber reinforced concrete (GFRC) offers enhanced durability and reduced weight, which contributes to lower carbon footprints. For instance, GFRC can be utilized in facades, reducing the need for heavy structural support. This trend is projected to drive the market's growth, with the industry expected to reach 2.99 USD Billion in 2024, reflecting a growing preference for eco-friendly construction solutions.

    Increasing Urbanization and Infrastructure Development

    The rapid pace of urbanization and infrastructure development is a significant driver for the Global Glass Fiber Reinforced Concrete Market Industry. As cities expand, there is a growing need for durable and aesthetically pleasing construction materials. GFRC is particularly suited for urban environments due to its lightweight nature and versatility in design. It is increasingly used in high-rise buildings, bridges, and public spaces, enhancing both functionality and visual appeal. This trend is expected to contribute to the market's growth, with projections indicating a rise to 8.47 USD Billion by 2035, underscoring the material's relevance in modern construction.

    Government Initiatives Supporting Innovative Construction Materials

    Government initiatives aimed at promoting innovative construction materials are playing a crucial role in the Global Glass Fiber Reinforced Concrete Market Industry. Various countries are implementing policies that encourage the use of advanced materials to improve building efficiency and sustainability. For instance, incentives for using GFRC in public projects can lead to increased adoption among contractors and developers. These initiatives not only enhance the market's visibility but also foster research and development in GFRC applications. Consequently, this supportive regulatory environment is likely to propel market growth and adoption in the coming years.

    Market Segment Insights

    Regional Insights

    Key Companies in the Glass Fiber Reinforced Concrete Market market include

    Industry Developments

      • Clark Pacific enters into a strategic partnership to start manufacturing smart glass for commercial units
      • Clark Pacific launches the NetZERO platform

    Future Outlook

    Glass Fiber Reinforced Concrete Market Future Outlook

    The Glass Fiber Reinforced Concrete Market is poised for growth at 9.93% CAGR from 2024 to 2035, driven by urbanization, infrastructure development, and sustainability trends.

    New opportunities lie in:

    • Develop innovative GFRP products for sustainable construction practices.
    • Expand into emerging markets with tailored GFRP solutions.
    • Leverage advanced manufacturing technologies to enhance product performance.

    By 2035, the market is expected to achieve substantial growth, reflecting increased adoption and innovation.

    Market Segmentation

    By market

    • Hybrid
    • Premix
    • Spray

    By application

    • Other infrastructural construction
    • Civil construction
    • Residential construction
    • Commercial Construction

    Regional analysis

    • The Middle East and North Africa
    • Asia-Pacific
    • The European Union
    • The Americas

    Recent developments

    • Clark Pacific launches the NetZERO platform
    • Clark Pacific enters into a strategic partnership to start manufacturing smart glass for commercial units

    List of key major companies in the Glass Fiber Reinforced Concrete Market are:

    • Loveld (Belgium).
    • Stromberg Architectural (U.S.), Low & Bonar (U.K.) and
    • Nanjing Beilida New Material System Engineering Co., Ltd. (China),
    • BB Fiberbeton (Denmark),
    • Betofiber A.S. (Turkey),
    • Ultratech Cement Ltd. (India),
    • Clark Pacific (U.S.),
    • Formglas Products Ltd. (Canada),
    • Fibrex Construction Group (UAE),
    • Willis Construction Co., Inc . (U.S.),

    Report Scope

    Report Attribute/Metric Details
    Market Size 2023 USD 2.74 billion
    Market Size 2024 USD 2.99 billion
    Market Size 2032 USD 6.38 billion
    Compound Annual Growth Rate (CAGR) 9.9%  (2024-2032)
    Base Year 2023
    Forecast Period 2024-2032
    Historical Data 2020
    Forecast Units Value (USD Billion)
    Report Coverage Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
    Segments Covered Reinforcing Material, End-User, Region
    Geographies Covered  North America, Europe, Asia-Pacific, and Rest of the World (RoW)
    Countries Covered The U.S, Canada, Germany, UK, China, Japan, India, Australia, South Korea.
    Key Companies Profiled Owens Corning (U.S.), Jushi Group Co., Ltd. (China), Chongqing Polycomp International Corporation (China), PPG Industries, Inc. (U.S.), Johns Manville Corporation (U.S.), Saint-Gobain Corporation (U.S.), Nippon Sheet Glass Co., Ltd. (Japan), Taishan Fiberglass Inc. (China), AGY Holding Corp. (U.S.), Asahi Fiber Glass Co., Ltd. (Japan), Binani Industries Limited (India), Celanese Corporation (U.S.), SAERTEX GmbH & Co. KG (Germany), NITTOBO ASIA Glass Fiber Co. Ltd. (Taiwan), and BGF Industries, Inc. (U.S.)
    Key Market Opportunities ·  Rising demand for low weight, mouldability ·  High quality surface finishes ·  Rapid urbanization coupled with increasing disposable income in emerging economies
    Key Market Dynamics  · Rapid industrialization  · Demand for powerful materials coupled with innovation in the chemicals industry ·   ·  Increasing expenditure on research activities

    Market Highlights

    Author
    Tejas Chaudhary
    Research Analyst Level II

    I have a degree in Engineering (Civil), with masters in Business Administration (Marketing). With more than 4 years of experience in market research and consulting, I am involved in end-to-end process of market research, proposals, project kickoffs and delivery. I have research knowledge and expertise in consumer goods/packaging domain. Also I have worked for various other domains like construction & equipment. Effectively managed and delivered more than 60 report studies for regional as well as global clientele.

    Get In Touch
    Leave a Comment

    FAQs

    At what CAGR is the global glass fiber reinforced concrete market projected to grow in the forecast period (2022-2030)?

    global glass fiber reinforced concrete market projected to grow at approximately 9.9% CAGR during the assessment period (2024-2032).

    What is the glass fiber reinforced concrete market growth by 2030?

    The valuation of the global glass fiber reinforced concrete market is estimated to increase to USD 6.38 billion by the end of 2032.

    Who are the top players in the global glass fiber reinforced concrete market?

    Fibrex Construction Group (UAE), Loveld (Belgium), Willis Construction Co., Inc. (U.S.), Formglas Products Ltd. (Canada), Low & Bonar (U.K), Ultratech Cement Ltd. (India), Clark Pacific (U.S.), Nanjing Beilida New Material Stromberg Architectural (U.S.), System Engineering Co., Ltd. (China), Betofiber A.S. (Turkey), and BB Fiberbeton (Denmark), are some of the top players operating in the global glass fiber reinforced concrete market.

    Which region holds the largest share in the global orphan diseases market?

    North America holds the largest share in the global orphan diseases market, followed by Europe and the Asia Pacific, respectively.

    What are the major tailwinds pushing the growth of the global glass fiber reinforced concrete market?

    An increase in the number of construction projects and rising preference for GFRC to provide weather and fire resistance to building structures are major tailwinds pushing the growth of the global glass fiber reinforced concrete market.

    1.     Executive Summary    
    2.     Scope of the Report
      1.     Market Definition
      2.     Scope of the Study
        1.     Definition
        2.     Research Objective
        3.     Assumptions
        4.     Limitations
      3.     Research Process
        1.     Primary Research
        2.     Secondary
    3. Research
      1.     Market Size Estimation
    4.  Forecast Model
    5.     Market Landscape
      1.     Porter’s Five Forces Analysis
    6.  Threat of New Entrants
      1.     Bargaining power of buyers
        1.     Bargaining power of Suppliers
        2.     Threat
    7. of substitutes
      1.     Segment rivalry
    8.  Value Chain/Supply Chain Analysis
    9.  Market Dynamics
      1.     Introduction
    10.  Market Drivers
      1.     Market Restraints
    11.  Market Opportunities
      1.     Market Trends
    12.     Glass Fiber Reinforced Concrete (GFRC) Market, By
    13. Process
      1.     Introduction
      2.     Spray
        1.     Market Estimates & Forecast, 2020–2027
    14.  Market Estimates & Forecast by Region, 2020–2027
    15.  Premix
      1.     Market Estimates & Forecast, 2020–2027
        1.     Market Estimates & Forecast by Region, 2020–2027
      2.     Hybrid
        1.     Market Estimates &
    16. Forecast, 2020–2027
      1.     Market Estimates & Forecast
    17. by Region, 2020–2027
    18.     Glass Fiber Reinforced
    19. Concrete (GFRC) Market, By Application 
      1.     Introduction
      2.     Commercial construction
        1.     Market
    20. Estimates & Forecast, 2020–2027
      1.     Market Estimates
    21. & Forecast by Region, 2020–2027
      1.     Residential
    22. Construction
      1.     Market Estimates & Forecast, 2020–2027
        1.     Market Estimates & Forecast by Region, 2020–2027
      2.     Civil & Other Infrastructure Construction 
    23.              6.4.1    Market Estimates
    24. & Forecast, 2020–2027
      1.     Market Estimates &
    25. Forecast by Region, 2020–2027
    26.     Glass Fiber Reinforced
    27. Concrete (GFRC) Market, By Region
      1.     Introduction
    28.  North America
      1.     Market Estimates & Forecast,
        1.     Market Estimates & Forecast by
    29. Process, 2020–2027
      1.     Market Estimates & Forecast
    30. by Application, 2020–2027
      1.     U.S.
    31.  Market Estimates & Forecast, 2020–2027
    32.  Market Estimates & Forecast by Process, 2020–2027
    33.  Market Estimates & Forecast by Application, 2020–2027
    34.  Canada
      1.     Market Estimates & Forecast, 2020–2027
        1.     Market Estimates & Forecast by Process, 2020–2027
      2.     Europe
        1.     Market Estimates &
    35. Forecast, 2020–2027
      1.     Market Estimates & Forecast
    36. by Process, 2020–2027
      1.     Market Estimates &
    37. Forecast by Application, 2020–2027
      1.     U.K
    38.  Market Estimates & Forecast, 2020–2027
    39.  Market Estimates & Forecast by Process, 2020–2027
    40.  Market Estimates & Forecast by Application, 2020–2027
    41.  Germany
      1.     Market Estimates & Forecast, 2020–2027
        1.     Market Estimates & Forecast by Process, 2020–2027
        2.     France
    42. & Forecast, 2020–2027
      1.     Market Estimates
    43. & Forecast by Process, 2020–2027
      1.     Market
    44. Estimates & Forecast by Application, 2020–2027
    45.  Italy
      1.     Market Estimates & Forecast, 2020–2027
        1.     Market Estimates & Forecast by Process, 2020–2027
        2.     Rest of Europe
    46. & Forecast, 2020–2027
      1.     Market Estimates
    47. & Forecast by Process, 2020–2027
      1.     Market
    48. Estimates & Forecast by Application, 2020–2027
      1.     Asia
    49. Pacific
      1.     Market Estimates & Forecast, 2020–2027
        1.     Market Estimates & Forecast by Process, 2020–2027
        2.     Market Estimates & Forecast by Application, 2020–2027
        3.     China
    50. & Forecast, 2020–2027
      1.     Market Estimates
    51. & Forecast by Process, 2020–2027
      1.     Market
    52. Estimates & Forecast by Application, 2020–2027
    53.  Japan
      1.     Market Estimates & Forecast, 2020–2027
        1.     Market Estimates & Forecast by Process, 2020–2027
        2.     India
    54. & Forecast, 2020–2027
      1.     Market Estimates
    55. & Forecast by Process, 2020–2027
      1.     Market
    56. Estimates & Forecast by Application, 2020–2027
    57.  Rest of Asia Pacific
      1.     Market Estimates &
    58. Forecast, 2020–2027
      1.     Market Estimates &
    59. Forecast by Process, 2020–2027
      1.     Market Estimates
    60. & Forecast by Application, 2020–2027
      1.     Rest of
    61. the World
      1.     Market Estimates & Forecast, 2020–2027
        1.     Market Estimates & Forecast by Process, 2020–2027
        2.     Market Estimates & Forecast by Application, 2020–2027
    62.     Competitive Landscape  
    63.     Company Profile
      1.     Willis
    64. Construction Co., Inc. (US)
      1.     Company Overview
    65.  Products/Services Offering
      1.     Financial Overview
        1.     Key Developments
        2.     Strategy
        3.     SWOT Analysis
      2.     Willis Construction
    66. Co., Inc. (US)
      1.     Company Overview
    67.  Products/Services Offering
      1.     Financial Overview
        1.     Key Developments
        2.     Strategy
        3.     SWOT Analysis
      2.     Fibrex Construction
    68. Group (UAE)
    69.         9.3.1    Company Overview
    70.  Products /Services Offering
      1.     Financial Overview
        1.     Key Developments
        2.     Strategy
        3.     SWOT Analysis
      2.     Formglas Products
    71. Ltd. (Canada)
      1.     Company Overview
    72.  Products /Services Offering
      1.     Financial Overview
        1.     Key Developments
        2.     Strategy
        3.     SWOT Analysis
      2.     Clark Pacific
    73. (US)
      1.     Company Overview
        1.     Products
    74. /Services Offering
      1.     Financial Overview
    75.  Key Developments
      1.     Strategy
    76.  SWOT Analysis
      1.     Ultratech Cement Ltd. (India)
        1.     Company Overview
        2.     Products
    77. /Services Offering
      1.     Financial Overview
    78.  Key Developments
      1.     Strategy
    79.  SWOT Analysis
      1.     Betofiber A.S. (Turkey)
    80.  Company Overview
      1.     Products /Services Offering
        1.     Financial Overview
        2.     Key Developments
        3.     Strategy
        4.     SWOT Analysis
      2.     BB Fiberbeton (Denmark)
        1.     Company
    81. Overview 
      1.     Products/Services Offering
    82.  Financial Overview
      1.     Key Developments
    83.  Strategy
      1.     SWOT Analysis
      2.     Nanjing
    84. Beilida New Material System Engineering Co., Ltd. (China)
    85.  Company Overview
      1.     Products /Services Offering
        1.     Financial Overview
        2.     Key Developments
        3.     Strategy
        4.     SWOT Analysis
      2.     Stromberg Architectural (US)
        1.     Company
    86. Overview
      1.     Products /Services Offering
    87.  Financial Overview
      1.     Key Developments
    88.  Strategy
      1.     SWOT Analysis
    89.  Low & Bonar (U.K.)
      1.     Company Overview
    90.  Products /Services Offering
      1.     Financial Overview
        1.     Key Developments
        2.     Strategy
        3.     SWOT Analysis
      2.     Loveld (Belgium)
        1.     Company Overview
        2.     Products
    91. /Services Offering
      1.     Financial Overview
    92.  Key Developments
      1.     Strategy
    93.  SWOT Analysis
    94. of Content
    95. Reinforced Concrete (GFRC) Market, by Region, 2020–2027
    96.      North America Glass Fiber Reinforced Concrete (GFRC) Market,
    97. by Country, 2020–2027
    98. Glass Fiber Reinforced Concrete (GFRC) Market, by Country, 2020–2027
    99.         Asia-Pacific Glass Fiber Reinforced Concrete
    100. (GFRC) Market, by Country, 2020–2027
    101.  RoW Glass Fiber Reinforced Concrete (GFRC) Market, by Country, 2020–2027
    102. Market, by Process, by Regions, 2020–2027
    103.  North America Glass Fiber Reinforced Concrete Market, by Process, by Country,
    104. Reinforced Concrete Market, by Process, by Country, 2020–2027
    105.      Asia-Pacific Glass Fiber Reinforced Concrete (GFRC) Market,
    106. by Process, by Country, 2020–2027
    107. Fiber Reinforced Concrete (GFRC) Market, by Process, by Country, 2020–2027
    108. by Application, by Regions, 2020–2027
    109. America Glass Fiber Reinforced Concrete (GFRC) Market, by Application, by Country,
    110. (GFRC) Market, by Application, by Country, 2020–2027
    111.  Asia Pacific Glass Fiber Reinforced Concrete (GFRC) Market, by Application,
    112. by Country, 2020–2027
    113. Concrete (GFRC) Market, by Application, by Country, 2020–2027
    114.  Global Process Market: by Region, 2020–2027
    115.  Global application Market: by Region, 2020–2027
    116.  North America Glass Fiber Reinforced Concrete (GFRC) Market, by Country  
    117. Market, by Process   
    118. Fiber Reinforced Concrete (GFRC) Market, by Application 
    119.  Europe:  Glass Fiber Reinforced Concrete (GFRC) Market, by Country  
    120. Market, by Process   
    121. Fiber Reinforced Concrete (GFRC) Market, by Application 
    122.  Asia-Pacific:  Glass Fiber Reinforced Concrete (GFRC) Market, by Country
    123. (GFRC) Market, by Process   
    124. Glass Fiber Reinforced Concrete (GFRC) Market, by Application 
    125.  RoW: Glass Fiber Reinforced Concrete (GFRC) Market, by Region
    126.  RoW Glass Fiber Reinforced Concrete (GFRC) Market, by Process   
    127. by Application 
    128. List
    129. of Figures
    130.     TOP DOWN & BOTTOM-UP APPROACH
    131.  Market Dynamics
    132.  Porter's five forces analysis
    133. analysis
    134. (GFRC) Market Share, BY Raw Process, 2020 (%)
    135. Glass Fiber Reinforced Concrete (GFRC) Market BY Process, 2020–2027 (USD million)
    136. Share, BY Application, 2020 (%)
    137. Reinforced Concrete (GFRC) Market BY Application, 2020–2027(USD million)
    138. Share (%), BY Region, 2020
    139. Concrete (GFRC) Market BY Region, 2020–2027(USD million)
    140.  North America Glass Fiber Reinforced Concrete (GFRC) Market Share (%), 2020
    141. Market BY Country, 2020–2027(USD million)
    142. Glass Fiber Reinforced Concrete (GFRC) Market Share (%), 2020
    143.  Europe Glass Fiber Reinforced Concrete (GFRC) Market BY Country, 2020–2027(USD
    144. million)
    145. (GFRC) Market Share (%), 2020
    146. Fiber Reinforced Concrete (GFRC) Market BY Country, 2020–2027(USD million)
    147. (GFRC) Market Share (%), 2020
    148. Glass Fiber Reinforced Concrete (GFRC) Market BY Country, 2020–2027 (USD million)

    Glass Fiber Reinforced Concrete Market Segmentation

    Market Segmentation Overview

    • Detailed segmentation data will be available in the full report
    • Comprehensive analysis by multiple parameters
    • Regional and country-level breakdowns
    • Market size forecasts by segment
    Glass Fiber Reinforced Concrete Market Research Report – Forecast to 2032 Infographic
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