Global Glass Fiber Reinforced Concrete (GFRC) Market – Trends and Forecasts (2015-2020)

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The Global Glass Fiber Reinforced Concrete (GFRC) market is expected to grow at a CAGR of 9.53% by 2020. GFRC, a type of reinforced construction material, is a composite of Portland cement, water, acrylic co-polymer, fine aggregate, glass fiber reinforcements, and additives.

GFRC is primarily being used to replace traditional concrete in repair and new construction activities in various construction areas. This market is driven by a number of factors, such as increased emphasis on green buildings (LEED Ratings), use of recycled material for GFRC production, and the superior characteristics of GFRC, in comparison to traditional building materials. However, this market faces certain drawbacks, primarily the premium pricing of GFRC, and its comparative lack of ductility.

The increasing emphasis on using fire-retardant building materials and growing popularity of GFRC structural insulated panels, are expected to offer major growth opportunities for the players in the global GFRC market.

Source : Business Wire

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