Covid-19 Impact on Glass Fiber Reinforced Concrete (GFRC) Market:
The ongoing COVID-19 pandemic conditions have severely affected every sector around the world. Whereas, the chemicals and materials sectors were moderately affected during the pandemic. This is primarily due to the uncut demand for chemicals for healthcare, life science, and cleaning agents. However, other elements of chemical and material sectors such as paints, industrial oil, construction materials are facing diminution in demand. Strict lockdown resulted in a nearly 50-60% reduction in supply for raw materials, which directly affected the manufacturing process. Further, halt on many end-use industries directly affected the chemical demand all around the world.
Glass Fiber Reinforced Concrete (GFRC) Market Overview
The global glass fiber reinforced concrete market is expected to record a CAGR of over 9% during the forecast period. The major factors driving market studied are amplified emphasis on the green buildings (LEED ratings), the higher mechanical characteristics (such as high strength-to-weight ratio), and use of castoff material for the production. Premium pricing, constraints regarding the DIY activities and lack of ductility, are predictable to hinder growth of market. Furthermore, emphasis on using fire-retardant construction materials, growing popularity of the GFRC structural insulated panels, and improving construction and the housing sector in Europe are expected to act as potential future prospects to market over the forecast period.
With COVID-19, the world is fighting health pandemic as well as economic pandemic, impacting almost trillions of dollars of the revenues. Most of the market, inducing Glass Fiber Reinforced Concrete (GFRC), currently are experiencing low demand and supply chain disruption due to the pandemic. The year started as a good opportunity for the businesses, however, the pandemic has caused severe damages to import, export and hence on the demand and supply of the Components. The effect is expected to be long term and will affect the developing economies specially for many years. As a result, the economies are expected to be affected adversely leading to layoffs and hence further lower demand for the products due to lack of money flow.
Glass Fiber Reinforced Concrete (GFRC) Market Segment Overview
Sprayed Glass Fiber Reinforced Concrete (GFRC) has been known for its definitive performance and flexibility, all round the world. The advanced flexural strength needs use of higher fibre content with the longer size fiber and lower water to cement ratio. Sprayed Glass Fiber Reinforced Concrete (GFRC) has improved ductility, which allows constructor to utilize the panels with size as hefty as 10-15 m2. Due to the higher fiber content, cement fibers and the slurry can be applied straight to molding surface using the spray technique
Sprayed Glass Fiber Reinforced Concrete (GFRC) equipment is expensive than premix equipment. Higher performance and usage in diverse constructive applications made the material widely superior by end-users.
Glass Fiber Reinforced Concrete (GFRC) Regional Overview
North America was largest market for the glass fiber reinforced concrete (GFRC) in 2019, with the U.S. leading consumption. It is widely used in repair of buildings and constructions. They are used in construction of roofing, foundations, floors, windows and walls. The Residential structure spending in U.S. has improved over years. In addition, development is also being observed in housing repair and restoration activities. Harvard Joint Center (HJC) for Housing Studies witnessed an increase in remodeling expenses for housing in the U.S. With growing construction industry in country, there is a surge in the number of new homes.
Similarly, the construction sector of Canada observed a progress, owed to the growth in investments from private and government sectors, construction industry is anticipated to grow progressively over the prediction period. All these factors are expected to rapidly drive market for the glass fiber reinforced concrete (GFRC) in the region, over the forecast period.
Glass Fiber Reinforced Concrete (GFRC) Market Competitor overview
The market for glass fiber reinforced concrete (GFRC) is highly competitive with presence of large number of the multinational players across all major economies. The corporations operate through manufacturing facilities at multiple locations with distribution being supported out at numerous sales locations across area of operation. Price diversity forms an significant part of business strategy for companies operating in market as price of the concrete varies in agreement with price of raw materials used for manufacturing of reinforcing glass fibers. The price of products manufactured in market is also pretentious by quantity purchased by consumers.
Glass Fiber Reinforced Concrete (GFRC) Market Key Players
1. Ultratech Cement Ltd.
2. Formglas Products Ltd.
3. Willis Construction Co. Inc.
4. Clark Pacific
5. Loveld
6. Fibrex
7. Betofiber A.S.
8. Stromberg Architectural
9. Bb Fiberbeton
10. Generale Prefabbricati S.P.A.
Glass Fiber Reinforced Concrete (GFRC) Market Segmentation
Glass Fiber Reinforced Concrete (GFRC) Market, By Type
Glass Fiber Reinforced Concrete (GFRC) Market, By Application
Glass Fiber Reinforced Concrete (GFRC) Market, By Geography
The ongoing COVID-19 pandemic conditions have severely affected every sector around the world. Whereas, the chemicals and materials sectors were moderately affected during the pandemic. This is primarily due to the uncut demand for chemicals for healthcare, life science, and cleaning agents. However, other elements of chemical and material sectors such as paints, industrial oil, construction materials are facing diminution in demand. Strict lockdown resulted in a nearly 50-60% reduction in supply for raw materials, which directly affected the manufacturing process. Further, halt on many end-use industries directly affected the chemical demand all around the world.
Glass Fiber Reinforced Concrete (GFRC) Market Overview
The global glass fiber reinforced concrete market is expected to record a CAGR of over 9% during the forecast period. The major factors driving market studied are amplified emphasis on the green buildings (LEED ratings), the higher mechanical characteristics (such as high strength-to-weight ratio), and use of castoff material for the production. Premium pricing, constraints regarding the DIY activities and lack of ductility, are predictable to hinder growth of market. Furthermore, emphasis on using fire-retardant construction materials, growing popularity of the GFRC structural insulated panels, and improving construction and the housing sector in Europe are expected to act as potential future prospects to market over the forecast period.
With COVID-19, the world is fighting health pandemic as well as economic pandemic, impacting almost trillions of dollars of the revenues. Most of the market, inducing Glass Fiber Reinforced Concrete (GFRC), currently are experiencing low demand and supply chain disruption due to the pandemic. The year started as a good opportunity for the businesses, however, the pandemic has caused severe damages to import, export and hence on the demand and supply of the Components. The effect is expected to be long term and will affect the developing economies specially for many years. As a result, the economies are expected to be affected adversely leading to layoffs and hence further lower demand for the products due to lack of money flow.
Glass Fiber Reinforced Concrete (GFRC) Market Segment Overview
Sprayed Glass Fiber Reinforced Concrete (GFRC) has been known for its definitive performance and flexibility, all round the world. The advanced flexural strength needs use of higher fibre content with the longer size fiber and lower water to cement ratio. Sprayed Glass Fiber Reinforced Concrete (GFRC) has improved ductility, which allows constructor to utilize the panels with size as hefty as 10-15 m2. Due to the higher fiber content, cement fibers and the slurry can be applied straight to molding surface using the spray technique
Sprayed Glass Fiber Reinforced Concrete (GFRC) equipment is expensive than premix equipment. Higher performance and usage in diverse constructive applications made the material widely superior by end-users.
Glass Fiber Reinforced Concrete (GFRC) Regional Overview
North America was largest market for the glass fiber reinforced concrete (GFRC) in 2019, with the U.S. leading consumption. It is widely used in repair of buildings and constructions. They are used in construction of roofing, foundations, floors, windows and walls. The Residential structure spending in U.S. has improved over years. In addition, development is also being observed in housing repair and restoration activities. Harvard Joint Center (HJC) for Housing Studies witnessed an increase in remodeling expenses for housing in the U.S. With growing construction industry in country, there is a surge in the number of new homes.
Similarly, the construction sector of Canada observed a progress, owed to the growth in investments from private and government sectors, construction industry is anticipated to grow progressively over the prediction period. All these factors are expected to rapidly drive market for the glass fiber reinforced concrete (GFRC) in the region, over the forecast period.
Glass Fiber Reinforced Concrete (GFRC) Market Competitor overview
The market for glass fiber reinforced concrete (GFRC) is highly competitive with presence of large number of the multinational players across all major economies. The corporations operate through manufacturing facilities at multiple locations with distribution being supported out at numerous sales locations across area of operation. Price diversity forms an significant part of business strategy for companies operating in market as price of the concrete varies in agreement with price of raw materials used for manufacturing of reinforcing glass fibers. The price of products manufactured in market is also pretentious by quantity purchased by consumers.
Glass Fiber Reinforced Concrete (GFRC) Market Key Players
1. Ultratech Cement Ltd.
2. Formglas Products Ltd.
3. Willis Construction Co. Inc.
4. Clark Pacific
5. Loveld
6. Fibrex
7. Betofiber A.S.
8. Stromberg Architectural
9. Bb Fiberbeton
10. Generale Prefabbricati S.P.A.
Glass Fiber Reinforced Concrete (GFRC) Market Segmentation
Glass Fiber Reinforced Concrete (GFRC) Market, By Type
· Sprayed
· Premix
· Hybrids
Glass Fiber Reinforced Concrete (GFRC) Market, By Application
- Architecture
- Cladding and Moldings
- Landscaping
- Building (New and Repair)
- Foundations and Floors
- Roofing
- Walls and Windows
- Engineering
- Permanent Formwork
- Utilities and Water Management
- Bridges and Tunnels
- Defense
- Other Applications
Glass Fiber Reinforced Concrete (GFRC) Market, By Geography
- North America
- US
- Canada
- Europe
- UK
- Germany
- France
- Italy
- Spain
- Rest of Europe
- Asia-Pacific
- Japan
- China
- India
- Australia
- South Korea
- Rest of Asia-Pacific
- South America
- Brazil
- Argentina
- Rest of South America
- Middle East and Africa
- GCC
- South Africa
- Rest of Middle East and Africa
Glass Fiber Reinforced Concrete (Gfrc) Market Study Global Market Analysis, Insights And Forecast, 2020-2027
1. Introduction
- 1.1. Research Scope
- 1.2. Market Segmentation
- 1.3. Research Methodology
- 1.4. Definitions and Assumptions
2. Executive Summary
3. Market Dynamics
- 3.1. Market Drivers
- 3.2. Market Restraints
- 3.3. Market Opportunities
4. Key Insights
- 4.1. Key Emerging Trends – For Major Countries
- 4.2. Latest Technological Advancement
- 4.3. Regulatory Landscape
- 4.4. Industry SWOT Analysis
- 4.5. Porters Five Forces Analysis
5. Global Glass Fiber Reinforced Concrete (GFRC) Market Analysis (USD Billion), Insights and Forecast, 2016-2027
- 5.1. Key Findings / Summary
- 5.2. Market Analysis, Insights and Forecast – By Segment 1
- 5.2.1. Sub-Segment 1
- 5.2.2. Sub-Segment 2
- 5.3. Market Analysis, Insights and Forecast – By Segment 2
- 5.3.1. Sub-Segment 1
- 5.3.2. Sub-Segment 2
- 5.3.3. Sub-Segment 3
- 5.3.4. Others
- 5.4. Market Analysis, Insights and Forecast – By Segment 3
- 5.4.1. Sub-Segment 1
- 5.4.2. Sub-Segment 2
- 5.4.3. Sub-Segment 3
- 5.4.4. Others
- 5.5. Market Analysis, Insights and Forecast – By Region
- 5.5.1. North America
- 5.5.2. Latin America
- 5.5.3. Europe
- 5.5.4. Asia Pacific
- 5.5.5. Middle East and Africa
6. North America Glass Fiber Reinforced Concrete (GFRC) Market Analysis (USD Billion), Insights and Forecast, 2016-2027
- 6.1. Key Findings / Summary
- 6.2. Market Analysis, Insights and Forecast – By Segment 1
- 6.2.1. Sub-Segment 1
- 6.2.2. Sub-Segment 2
- 6.3. Market Analysis, Insights and Forecast – By Segment 2
- 6.3.1. Sub-Segment 1
- 6.3.2. Sub-Segment 2
- 6.3.3. Sub-Segment 3
- 6.3.4. Others
- 6.4. Market Analysis, Insights and Forecast – By Segment 3
- 6.4.1. Sub-Segment 1
- 6.4.2. Sub-Segment 2
- 6.4.3. Sub-Segment 3
- 6.4.4. Others
- 6.5. Market Analysis, Insights and Forecast – By Country
- 6.5.1. U.S.
- 6.5.2. Canada
7. Latin America Glass Fiber Reinforced Concrete (GFRC) Market Analysis (USD Billion), Insights and Forecast, 2016-2027
- 7.1. Key Findings / Summary
- 7.2. Market Analysis, Insights and Forecast – By Segment 1
- 7.2.1. Sub-Segment 1
- 7.2.2. Sub-Segment 2
- 7.3. Market Analysis, Insights and Forecast – By Segment 2
- 7.3.1. Sub-Segment 1
- 7.3.2. Sub-Segment 2
- 7.3.3. Sub-Segment 3
- 7.3.4. Others
- 7.4. Market Analysis, Insights and Forecast – By Segment 3
- 7.4.1. Sub-Segment 1
- 7.4.2. Sub-Segment 2
- 7.4.3. Sub-Segment 3
- 7.4.4. Others
- 7.5. Insights and Forecast – By Country
- 7.5.1. Brazil
- 7.5.2. Mexico
- 7.5.3. Rest of Latin America
8. Europe Glass Fiber Reinforced Concrete (GFRC) Market Analysis (USD Billion), Insights and Forecast, 2016-2027
- 8.1. Key Findings / Summary
- 8.2. Market Analysis, Insights and Forecast – By Segment 1
- 8.2.1. Sub-Segment 1
- 8.2.2. Sub-Segment 2
- 8.3. Market Analysis, Insights and Forecast – By Segment 2
- 8.3.1. Sub-Segment 1
- 8.3.2. Sub-Segment 2
- 8.3.3. Sub-Segment 3
- 8.3.4. Others
- 8.4. Market Analysis, Insights and Forecast – By Segment 3
- 8.4.1. Sub-Segment 1
- 8.4.2. Sub-Segment 2
- 8.4.3. Sub-Segment 3
- 8.4.4. Others
- 8.5. Market Analysis, Insights and Forecast – By Country
- 8.5.1. UK
- 8.5.2. Germany
- 8.5.3. France
- 8.5.4. Italy
- 8.5.5. Spain
- 8.5.6. Russia
- 8.5.7. Rest of Europe
9. Asia Pacific Glass Fiber Reinforced Concrete (GFRC) Market Analysis (USD Billion), Insights and Forecast, 2016-2027
- 9.1. Key Findings / Summary
- 9.2. Market Analysis, Insights and Forecast – By Segment 1
- 9.2.1. Sub-Segment 1
- 9.2.2. Sub-Segment 2
- 9.3. Market Analysis, Insights and Forecast – By Segment 2
- 9.3.1. Sub-Segment 1
- 9.3.2. Sub-Segment 2
- 9.3.3. Sub-Segment 3
- 9.3.4. Others
- 9.4. Market Analysis, Insights and Forecast – By Segment 3
- 9.4.1. Sub-Segment 1
- 9.4.2. Sub-Segment 2
- 9.4.3. Sub-Segment 3
- 9.4.4. Others
- 9.5. Market Analysis, Insights and Forecast – By Country
- 9.5.1. China
- 9.5.2. India
- 9.5.3. Japan
- 9.5.4. Australia
- 9.5.5. South East Asia
- 9.5.6. Rest of Asia Pacific
10. Middle East & Africa Glass Fiber Reinforced Concrete (GFRC) Market Analysis (USD Billion), Insights and Forecast, 2016-2027
- 10.1. Key Findings / Summary
- 10.2. Market Analysis, Insights and Forecast – By Segment 1
- 10.2.1. Sub-Segment 1
- 10.2.2. Sub-Segment 2
- 10.3. Market Analysis, Insights and Forecast – By Segment 2
- 10.3.1. Sub-Segment 1
- 10.3.2. Sub-Segment 2
- 10.3.3. Sub-Segment 3
- 10.3.4. Others
- 10.4. Market Analysis, Insights and Forecast – By Segment 3
- 10.4.1. Sub-Segment 1
- 10.4.2. Sub-Segment 2
- 10.4.3. Sub-Segment 3
- 10.4.4. Others
- 10.5. Market Analysis, Insights and Forecast – By Country
- 10.5.1. GCC
- 10.5.2. South Africa
- 10.5.3. Rest of Middle East & Africa
11. Competitive Analysis
- 11.1. Company Market Share Analysis, 2018
- 11.2. Key Industry Developments
- 11.3. Company Profile
- 11.3.1. Company 1
- 11.3.1.1. Business Overview
- 11.3.1.2. Segment 1 & Service Offering
- 11.3.1.3. Overall Revenue
- 11.3.1.4. Geographic Presence
- 11.3.1.5. Recent Development
- 11.3.2. Company 2
- 11.3.3. Company 3
- 11.3.4. Company 4
- 11.3.5. Company 5
- 11.3.6. Company 6
- 11.3.7. Company 7
- 11.3.8. Company 8
- 11.3.9. Company 9
- 11.3.10. Company 10
- 11.3.11. Company 11
- 11.3.12. Company 12
- 11.3.1. Company 1
Research Process
Data Library Research are conducted by industry experts who offer insight on industry structure, market segmentations technology assessment and competitive landscape (CL), and penetration, as well as on emerging trends. Their analysis is based on primary interviews (~ 80%) and secondary research (~ 20%) as well as years of professional expertise in their respective industries. Adding to this, by analysing historical trends and current market positions, our analysts predict where the market will be headed for the next five years. Furthermore, the varying trends of segment & categories geographically presented are also studied and the estimated based on the primary & secondary research.
In this particular report from the supply side Data Library Research has conducted primary surveys (interviews) with the key level executives (VP, CEO’s, Marketing Director, Business Development Manager and SOFT) of the companies that active & prominent as well as the midsized organization
FIGURE 1: DLR RESEARH PROCESS
Extensive primary research was conducted to gain a deeper insight of the market and industry performance. The analysis is based on both primary and secondary research as well as years of professional expertise in the respective industries.
In addition to analysing current and historical trends, our analysts predict where the market is headed over the next five years.
It varies by segment for these categories geographically presented in the list of market tables. Speaking about this particular report we have conducted primary surveys (interviews) with the key level executives (VP, CEO’s, Marketing Director, Business Development Manager and many more) of the major players active in the market.
Secondary ResearchSecondary research was mainly used to collect and identify information useful for the extensive, technical, market-oriented, and Friend’s study of the Global Extra Neutral Alcohol. It was also used to obtain key information about major players, market classification and segmentation according to the industry trends, geographical markets, and developments related to the market and technology perspectives. For this study, analysts have gathered information from various credible sources, such as annual reports, sec filings, journals, white papers, SOFT presentations, and company web sites.
Market Size EstimationBoth, top-down and bottom-up approaches were used to estimate and validate the size of the Global market and to estimate the size of various other dependent submarkets in the overall Extra Neutral Alcohol. The key players in the market were identified through secondary research and their market contributions in the respective geographies were determined through primary and secondary research.
Forecast Model
