The fiberglass reinforced concrete market is expected to


Jersey City, New Jersey, Sept. 23, 2022 (GLOBE NEWSWIRE) — Verified Market Research recently released a report, “fiberglass reinforced concrete market” By process (spray, premix and hybrid), by application (commercial construction, residential construction and civil and other infrastructure construction) and by geography.

According to in-depth research by experts at Verified Market Research, the fiberglass reinforced concrete market size was USD 2.02 billion in 2019 and is expected to reach USD 4.30 billion by 2027, with growth at a CAGR of 9.90% from 2020 to 2027.

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126 – Tables

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Global Fiberglass Reinforced Concrete Market Overview

The global fiberglass reinforced concrete market is primarily driven by the growing awareness of environmentally friendly building and construction. Green buildings are constructed using environmentally sustainable and responsible processes. People, especially in the United States and Europe, are aware of the green structure since many building certification programs such as Leadership in Energy and Environmental Design (LEED) have been engaged, contributing to the growth of the market. In addition, population growth, rapid urbanization and industrialization in developing economies are expected to prompt governments to improve their construction spending to meet growing infrastructure needs.

This, in turn, is expected to propel the demand for glass fiber reinforced concrete in many construction applications. In addition, due to global warming and other environmental issues, climatic conditions are constantly changing. Consequently, the need for safe and moisture-resistant buildings has increased significantly. Rising demand for weather and fire resistant infrastructure has also opened the door for market growth.

Key players

The main market players are Ultratech Cement Ltd., Formglas Products Ltd., Willis Construction Co., Inc., Clark Pacific, Loveld, Fibrex, Betofiber AS, Nanjing Beilida New Material System Engineering Co., Ltd. and BB Fiberbeton.

Verified Market Research has segmented the global fiberglass reinforced concrete market on the basis of process, application, and geography.

  • Fiberglass Reinforced Concrete Market, By Process
  • Fiberglass Reinforced Concrete Market, By Application
    • commercial building
    • Residential construction
    • Civil and other infrastructure construction
  • Fiberglass Reinforced Concrete Market, By Geography
    • North America
    • Europe
      • Germany
      • France
      • UK
      • The rest of Europe
    • Asia Pacific
      • China
      • Japan
      • India
      • Rest of Asia-Pacific
    • LINE
      • Middle East and Africa
      • Latin America

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