Global Glass Fiber Reinforced Concrete (GFRC) Market Growth, Share, Size, Trends and Forecast (2025 - 2031)

By Type;

Spray, Premix and Hybrid.

By Application;

Architecture, Engineering, Defense, and Others.

By Geography;

North America, Europe, Asia Pacific, Middle East and Africa and Latin America - Report Timeline (2021 - 2031).
Report ID: Rn133337454 Published Date: March, 2025 Updated Date: April, 2025

Introduction

Global Glass Fiber Reinforced Concrete (GFRC) Market (USD Million), 2021 - 2031

In the year 2023, the Global Glass Fiber Reinforced Concrete (GFRC) Market was valued at USD 3,147.17 million. The size of this market is expected to increase to USD 6,370.98 million by the year 2030, while growing at a Compounded Annual Growth Rate (CAGR) of 10.6%.

The global Glass Fiber Reinforced Concrete (GFRC) market stands at the forefront of modern construction materials, offering a compelling blend of versatility, durability, and aesthetic appeal. GFRC, a composite material comprising cement, fine aggregates, glass fibers, and additives, has witnessed a surge in demand across various construction applications owing to its exceptional performance characteristics and design flexibility.

The construction industry has increasingly turned to GFRC as a preferred alternative to traditional concrete and other building materials. This shift can be attributed to several factors, including the growing emphasis on sustainable construction practices, the need for lightweight yet durable building components, and the rising demand for visually striking architectural elements. One of the key distinguishing features of GFRC is its high strength-to-weight ratio, which allows for the creation of thinner and lighter structures without compromising structural integrity. This attribute not only reduces material consumption and transportation costs but also facilitates easier handling and installation on construction sites, contributing to overall project efficiency and sustainability.

GFRC offers unparalleled design versatility, enabling architects and designers to realize their creative visions with ease. Its moldability allows for the production of complex shapes, intricate details, and custom finishes, making it ideal for crafting decorative facades, cladding panels, ornamental features, and other architectural elements. Whether replicating the look of natural stone, wood, or metal or exploring innovative textures and patterns, GFRC provides limitless possibilities for enhancing the visual appeal of buildings and landscapes.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Type
    2. Market Snapshot, By Application
    3. Market Snapshot, By Region
  4. Global Glass Fiber Reinforced Concrete (GFRC) Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Growing Construction Industry

        2. Superior Properties

          Rising Focus on Sustainable Construction

      2. Restraints
        1. High Initial Investment

        2. Limited Awareness and Education

        3. Complex Manufacturing Process

      3. Opportunities
        1. Sustainable Construction Practices

        2. Enhanced Design Flexibility

        3. Improved Durability and Performance

    2. PEST Analysis
      1. Political Analysis
      2. Economic Analysis
      3. Social Analysis
      4. Technological Analysis
    3. Porter's Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitutes
      4. Threat of New Entrants
      5. Competitive Rivalry
  5. Market Segmentation
    1. Global Glass Fiber Reinforced Concrete (GFRC) Market, By Type, 2021 - 2031 (USD Million)
      1. Spray

      2. Premix

      3. Hybrid

    2. Global Glass Fiber Reinforced Concrete (GFRC) Market, By Application, 2021 - 2031 (USD Million)
      1. Architecture

      2. Engineering

      3. Defense

      4. Others

    3. Global Glass Fiber Reinforced Concrete (GFRC) Market, By Geography, 2021 - 2031 (USD Million)
      1. North America
        1. United States
        2. Canada
      2. Europe
        1. Germany
        2. United Kingdom
        3. France
        4. Italy
        5. Spain
        6. Nordic
        7. Benelux
        8. Rest of Europe
      3. Asia Pacific
        1. Japan
        2. China
        3. India
        4. Australia & New Zealand
        5. South Korea
        6. ASEAN (Association of South East Asian Countries)
        7. Rest of Asia Pacific
      4. Middle East & Africa
        1. GCC
        2. Israel
        3. South Africa
        4. Rest of Middle East & Africa
      5. Latin America
        1. Brazil
        2. Mexico
        3. Argentina
        4. Rest of Latin America
  6. Competitive Landscape
    1. Company Profiles
      1. Low & Bonar
      2. BarChip Pty Ltd
      3. GRCUK
      4. FIBROBETON
      5. Formglas Products Ltd
  7. Analyst Views
  8. Future Outlook of the Market