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Glass Fiber Reinforced Gypsum Market Trends

Report ID: GMI11701
Published Date: Oct 2024
Report Format: PDF

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Glass Fiber Reinforced Gypsum Market Trends

The market for glass fiber reinforced gypsum (GFRG) is evolving due to new construction technologies and changing consumer preferences. A key trend is the focus on sustainability, which drives the use of eco-friendly materials like GFRG. This material is recyclable and helps reduce carbon emissions in building projects. Architects are also using GFRG more for decorative elements because it can be moulded into intricate designs while staying strong.

Another trend is using GFRG in off-site construction and prefabrication, which makes the building process faster and reduces on-site labor. The push for energy efficiency and green building certifications is increasing GFRG's use, especially in areas with strict building codes. Improvements in fiber technology are making GFRG more durable and versatile, making it a popular choice for both interior and exterior applications in various construction sectors.

Authors: Kiran Pulidindi, Manish Verma

Frequently Asked Questions (FAQ) :

The global market size for glass fiber reinforced gypsum was valued at around USD 3.5 billion in 2023 and is anticipated to register a CAGR of over 6.5% between 2024 and 2032, driven by the surging demand for lightweight construction materials.

The residential sector is projected to grow at a CAGR of 5.9% by 2032, fueled by the rising demand for lightweight, durable, and fire-resistant materials in home construction.

North America held a dominant glass fiber reinforced gypsum market share of over USD 1 billion in 2023, driven by heightened construction activities and an emphasis on sustainable building practices.

Major players in the glass fiber reinforced gypsum industry include AWI Licensing LLC, BACE India, Formglas Products Ltd, GC Products, Inc., Georgia-Pacific LLC, Knauf Danoline A/S, Saint-Gobain Formula GmbH, Stromberg Architectural, USG Corporation, and Yingchuang Building Technique Co. Ltd.