The increase in demand for the product for various industrial applications is escalating the growth of glass fiber reinforced gypsum (GFRG) market. Glass fiber reinforced gypsum (GFRG) refers to the product that is manufactured by reinforcing high density alpha-based gypsum plaster with glass fibers. It is considered as an interior alternative to GFRC. The product is basically a reinforced gypsum product that possesses high strength with lighter weight for interior projects. The glass fiber reinforced gypsum (GFRG) market is expected to witness market growth at a rate of 6.14% in the forecast period of 2022 to 2029. Data Bridge Market Research report on glass fiber reinforced gypsum (GFRG) market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecast period while providing their impacts on the market’s growth.
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Market Analysis and Insights
The increase in demand for glass fiber reinforced gypsum (GFRG) because of its superior characteristics such as flame resistance, and surge in construction spending in emerging economies accelerate the market growth. The rise in awareness regarding superior thermal and acoustical insulation properties of glass fiber reinforced gypsum, and increase in demand in the commercial building including educational institutes, residential buildings and hospitals, further influence the market. Additionally, implementation of stringent regulations, rise in awareness, surge in investments and high product adoption owning to the ease of installation due to its lightweight positively affect the glass fiber reinforced gypsum (GFRG) market. Furthermore, increase in preference for materials with aesthetic appeal for commercial construction extends profitable opportunities to the market players in the forecast period of 2022 to 2029. The rise in demand for high quality materials in construction sector across the globe acts as one of the major factors driving the growth of glass fiber reinforced gypsum (GFRG) market.
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Glass Fiber Reinforced Gypsum Market Scope
The glass fiber reinforced gypsum (GFRG) market is segmented on the basis of type, application and end user. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target markets.
- On the basis of type, the glass fiber reinforced gypsum (GFRG) market is segmented into type x, type c, and others.
- On the basis of application, the glass fiber reinforced gypsum (GFRG) market is segmented into interior, exterior and others. The interior is further segmented into wall, ceiling & floor, column & light cover. Exterior segment is further segmented into wall and cladding.
- On the basis of end user, the glass fiber reinforced gypsum (GFRG) market is segmented into non-residential, residential and others. The non-residential is further segmented into institutions, hospitals, offices, airports and others.
Competitive Landscape and Glass Fiber Reinforced Gypsum Market Share Analysis
The glass fiber reinforced gypsum (GFRG) market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to glass fiber reinforced gypsum (GFRG) market.
Some of the major players operating in the glass fiber reinforced gypsum (GFRG) market report are
Certainteed, Plasterceil Industries Pte Ltd, FRBL, American Gypsum, Saint-Gobain Gyproc India Ltd., Shanghai Chuncui Decoration Material Co., Ltd., Continental Building Products, GC Products, Inc., Gillespie, Inc., Formglas Products Ltd, USG Corporation, Rapidwall, Owens Corning, Fibrex Construction Chemicals Private Limited, Knauf Danoline A/S, Intexforms, Inc., Georgia-Pacific, National Gypsum Company, Stromberg Architectural, Chiyoda UTE Co., Ltd., Yingchuang Building Technique (Shanghai) Co. Ltd., and Horizons Industrial Development Co. L.L.C., among others.
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