Market Size of Glass Fiber Reinforced Gypsum Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | 3.00 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | Europe |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Glass Fiber Reinforced Gypsum Market Analysis
The market for Glass Fiber Reinforced Gypsum is expected to grow at a CAGR of over 3% during the forecast period. Major factors driving the market studied are increasing application in interior designing and growing demand due to less installation cost. Dearth of awareness among consumers are expected to hinder the growth of the market studied.
- Application of Glass Fiber Reinforced Gypsum in residential sector dominated the market and is expected to grow during the forecast period owing to the increasing usage as ceilings, domes, custom shapes and other structures in constructing houses.
- Europe dominated the market across the globe with the largest consumption from the countries such as Germany, France, and Italy.
Glass Fiber Reinforced Gypsum Industry Segmentation
The Glass Fiber Reinforced Gypsum market report include:
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| Application | |
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Glass Fiber Reinforced Gypsum Market Size Summary
The Glass Fiber Reinforced Gypsum (GFRG) market is poised for steady growth, driven by its increasing application in interior design and its cost-effective installation benefits. GFRG, known for its high strength and lightweight properties, serves as an interior alternative to Glass Fiber Reinforced Concrete (GFRC), making it ideal for use in ceilings, domes, and custom shapes in residential construction. The material's non-combustible nature and thermal regulation properties further enhance its appeal, particularly in regions like Europe, where it is extensively used in countries such as Germany, France, and Italy. The residential sector remains the dominant application area, with significant demand anticipated due to ongoing housing developments, such as those in Greater Manchester, which highlight the material's efficiency and affordability.
The European region is expected to maintain its dominance in the GFRG market, supported by increasing utilization in countries like the United Kingdom, Germany, and Italy. The market is characterized by a fragmented landscape with key players such as Knauf Danoline A/S, Gillespie, Saint-Gobain Formula GmbH, AWI Licensing LLC, and CHIYODA UTE CO.LTD. leading production efforts. The growing demand for lightweight construction materials, coupled with government support and initiatives to address housing shortages, is expected to drive the market's expansion. Despite challenges like consumer awareness, the market's growth trajectory remains positive, with GFRG's cost reduction and high-impact resistance features contributing to its rising adoption.
Glass Fiber Reinforced Gypsum Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Drivers
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1.1.1 Growing Demand Due to Less Installation Cost
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1.1.2 Increasing Application in Interior Designing
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1.2 Restraints
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1.2.1 Dearth of Awareness Among Consumers
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1.2.2 Other Restraints
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1.3 Industry Value Chain Analysis
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1.4 Porter's Five Forces Analysis
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1.4.1 Threat of New Entrants
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1.4.2 Bargaining Power of Buyers
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1.4.3 Bargaining Power of Suppliers
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1.4.4 Threat of Substitute Products
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1.4.5 Degree of Competition
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2. MARKET SEGMENTATION
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2.1 End-user Industry
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2.1.1 Residential
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2.1.2 Non-Residential
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2.1.2.1 Commercial
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2.1.2.2 Institutional
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2.1.2.3 Others
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2.2 Application
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2.2.1 Exterior
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2.2.2 Interior
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2.3 Geography
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2.3.1 Asia-Pacific
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2.3.1.1 China
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2.3.1.2 India
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2.3.1.3 Japan
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2.3.1.4 South Korea
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2.3.1.5 Rest of Asia-Pacific
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2.3.2 North America
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2.3.2.1 United States
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2.3.2.2 Canada
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2.3.2.3 Mexico
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2.3.3 Europe
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2.3.3.1 Germany
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2.3.3.2 United Kingdom
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2.3.3.3 France
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2.3.3.4 Italy
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2.3.3.5 Rest of Europe
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2.3.4 South America
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2.3.4.1 Brazil
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2.3.4.2 Argentina
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2.3.4.3 Rest of South America
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2.3.5 Middle-East and Africa
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2.3.5.1 Saudi Arabia
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2.3.5.2 South Africa
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2.3.5.3 Rest of Middle-East and Africa
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Glass Fiber Reinforced Gypsum Market Size FAQs
What is the current Glass Fiber Reinforced Gypsum Market size?
The Glass Fiber Reinforced Gypsum Market is projected to register a CAGR of greater than 3% during the forecast period (2024-2029)
Who are the key players in Glass Fiber Reinforced Gypsum Market?
KNAUF DANOLINE A/S , Gillespie , Saint-Gobain Formula GmbH , AWI Licensing LLC and CHIYODA UTE CO.LTD are the major companies operating in the Glass Fiber Reinforced Gypsum Market.
