Market being Driven by Increasing Adoption of 3D Printing and Increasing Emphasis on Green Buildings

The global glass fibre reinforced concrete market is predicted to rise from $2.74 billion in 2021 to $3.10 billion in 2022.

At a compound annual growth rate (CAGR) of 13.24 percent, it is anticipated that the global market for glass fibre reinforced concrete would expand from its projected value of $2.74 billion in 2021 to $3.10 billion in 2022.

At a compound annual growth rate of 13.41 percent from 2018 through 2026, the market is projected to reach a value of $5.13 billion.

The sales of glass fibre reinforced concrete (GFRC) by entities (such as organisations, partnerships, and sole proprietors) are included in the definition of the market for glass fibre reinforced concrete. GFRC is utilised in the production of structural concrete products that are both robust and lightweight. Some examples of these products include building panels, exterior building facade panels, and architectural precast concrete.

GFRC is comparable to chopped fibreglass, although it is an extremely fragile material.

It is made up of elements such as fine sand, cement, polymer, water, various admixtures, and fibres that are resistant to alkali (AR).

In the market for glass fibre reinforced concrete, North America was the most important region in the year 2021.

The Asia-Pacific region is anticipated to experience the highest rate of growth throughout the course of the projection period.

The areas of the world that are discussed in this paper are as follows: the Asia-Pacific region, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.

The expansion of the market for glass fibre reinforced concrete is being majorly driven by the growing emphasis on environmentally friendly structures.

Glass fibre reinforced concrete is typically the material of choice for use in the construction of environmentally friendly structures.

Many developing countries and already-established economies are experiencing a dramatic growth in the number of green buildings as a consequence of a growing population and rapid urbanisation.

The market for glass fibre reinforced concrete is seeing significant growth in the adoption of 3D printing as a key trend.

Major companies in the glass fibre reinforced concrete industry are concentrating their efforts on the research, development, and application of 3D printing solutions in order to bolster their position.