About Glass Fiber Reinforced Concrete (GFRC)
Glass fiber strengthened concrete (GFRC) accommodates hydration merchandise of cement, or cement plus sand, and glass fibers. Glass fibers are used as reinforcement for concrete. Glass fibers had been first used to boost cement and urban in Russia. Alkali-resistant glass fibers were eventually evolved withinside the UK and different countries. Glass fibers are to be had withinside the shape of non-stop rovings, chopped strand mats, cranette, wool, ropes, and woven fabric. Glass fibers covered with epoxy resin compounds have additionally been attempted out to defend them from alkali assault with the aid of using Portland cement. The addition of glass fibers of approximately 10% with the aid of using quantity multiplied the tensile electricity with the aid of using kind of times, and the effective resistance with the aid of using approximately 10 times. The cyclic loading exams carried out on glass fiber cement laminates confirmed fatigue resistance of Glass fiber strengthened concrete (GFRC).
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
To entice more end users, market players are focusing on providing Glass fiber reinforced concrete of higher quality while adhering to all regulatory standards. In the global Glass fiber reinforced concrete market, there are numerous large and small-scale service providers. They are also concentrating on the implementation of numerous advanced technologies. Furthermore, the numerous industry profits have led to the entry of new players, raising the level of rivalry in an already competitive market. The Glass fiber reinforced concrete market is currently expanding due to the rapid advancement of technology in infrastructure. Some of the key players in this market follow strategies, which include new product offerings, product approvals, partnerships and alliances, mergers and acquisitions, and business expansions. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Ultratech Cement Ltd. (India), Formglas Products Ltd. (Canada), Willis Construction Co., Inc. (United States), Clark Pacific (United States), Loveld (Belgium), Fibrex (United Arab Emirates), Betofiber A.S. (Turkey), Stromberg Architectural (United States), Bb Fiberbeton (Denmark) and Generale Prefabbricati S.P.A. (Italy) are some of the key players that are part of study coverage.
Segmentation Overview
AMA Research has segmented the market of Global Glass Fiber Reinforced Concrete (GFRC) market by , Application (Commercial Construction, Residential Construction, Civil Construction and Other Construction) and Region.
On the basis of geography, the market of Glass Fiber Reinforced Concrete (GFRC) has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
If we see Market by , the sub-segment i.e. will boost the Glass Fiber Reinforced Concrete (GFRC) market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.Influencing Trend:
Increased Construction of Single Homes has Been Contributing towards Market Growth.
Market Growth Drivers:
Reduced Construction Time and Cost Due to Use of GFRC has Been Driving the Market Growth.
Challenges:
High Production and Labour Cost.
Restraints:
Fluctuating Raw Material Cost has Been Hindering the Market Growth.
Opportunities:
Rise in Infrastructural Development and New Construction Projects In Emerging Economies Will Be Bringing More Opportunities For Market Growth.
Market Leaders and their expansionary development strategies
In March 2021, UltraTech Cement, an Aditya Birla group company, has taken over 3B Binani Glassfibre Sarl Luxembourg, a subsidiary of Binani Industries by taking over the pledged shares of the company from Bank of Baroda London.
Structural calculations shall demonstrate adequacy for strength, stiffness, and deformation compatibility. 2.1.1 Panels shall be adequate for all loads and effects resulting from fabrication, stripping, handling, and erection. These loads will not be reviewed by DSA. 2.1.2 Panels shall be adequate to resist all dead, live, and environmental loads such as wind, earthquake, temperature, and moisture effects prescribed by the CBC and standards identified above. Load factors and combinations shall be in accordance with CBC Section 1605A. 2.1.3 Anchors and connections of exterior panels shall also comply with the earthquake-induced drift and force requirements of ASCE 7 Section 13.5.3. 2.1.4 Exterior wall systems shall be designed with adequate deformation compatibility as required by ASCE 7 Sections 13.5.3 and 13.3.2. Deformation compatibility is required with the building structure, adjacent wall systems of different construction, and windows or other components occurring within the GFRC wall system.
Key Target Audience
Construction material manufacturer, New Entrants and Investors, Venture Capitalists, Government Bodies, Corporate Entities, Government and Private Research Organizations and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.