GFRG (Glass Fiber Reinforced Gypsum) Market by Type (Type X, Type C), Application (Interior and Exterior), End User (Residential and Non-Residential), and Region (North America, Europe, APAC, Latin America, MEA) - Global Forecast to 2023
[108 Pages Report] GFRG (Glass Fiber Reinforced Gypsum) Market was valued at USD 2.30 Billion in 2017 and is projected to reach USD 3.44 Billion by 2023, at a CAGR of 7.0% during the forecast period. Increased demand for rapid constructed, high fatigue resistant, temperature resistance, and recyclable GFRG from the construction industry are driving the growth of the GFRG market. Increase in the number of construction projects in developed and emerging economies is also contributing to the growth of the GFRG market. In this study, years that have been considered to estimate the market size for GFRG have been listed below:
- Base Year 2017
- Estimated Year 2018
- Projected Year 2023
- Forecast Period 20182023
The year 2017 has been considered as the base year for company profiles. In cases wherein information for the base year was not available, years prior to it have been considered.
Objectives of the Study:
- To analyze and forecast the size of the GFRG market, in terms of volume and value
- To provide detailed information regarding key factors, such as drivers, restraints, opportunities, and challenges influencing the growth of the GFRG market
- To define, describe, and forecast the GFRG market based on type, application, and end use
- To analyze and forecast the size of the GFRG market in North America, Europe, Asia Pacific (APAC), the Middle East & Africa (MEA), and Latin America
- To strategically profile key players operating in the GFRG market and analyze their core competencies
- To analyze market opportunities and competitive landscape for stakeholders and market leaders
- To analyze competitive developments such as agreements/contracts, expansions & investments, mergers & acquisitions, and new product developments undertaken by key market players
Various secondary sources such as Factiva, Hoovers, and Manta have been used to gain insights into the GFRG market. Experts from leading companies manufacturing GFRG have been interviewed to verify and collect critical information and to assess trends in the GFRG market during the forecast period. Top-down, bottom-up, and data triangulation approaches have been implemented to calculate exact values of the overall parent and each market sizes.
To know about the assumptions considered for the study, download the pdf brochure
The market for GFRG has a diversified and established ecosystem comprising upstream players, such as raw material suppliers and downstream stakeholders, such as manufacturers, vendors, and end users of GFRG as well as various government organizations. Leading players operating in the GFRG market include USG Corporation (US), Formglas (Canada), CertainTeed (US), American Gypsum (US), Knauf Danoline (Germany), Saint-Gobain Gyproc (France), and Georgia-Pacific (US).
Target Audience
- Manufacturers of GFRG
- Suppliers of Raw Materials
- Distributors and Suppliers of GFRG
- End-Use Industries
- Industry Associations
This study answers several questions for the stakeholders, primarily, which market segments to focus on in the next two to five years for prioritizing their efforts and investments.
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This research report categorizes the GFRG market based on type, application, end user, and region. It forecasts revenue growth and analyzes trends in each of these submarkets.
GFRG Market by Type:
- Type X
- Type C
- Others
GFRG Market, by Application:
- Interior
- Exterior
GFRG Market, by End User:
- Residential
- Non-Residential
GFRG Market, by Region
- North America
- Europe
- Asia Pacific (APAC)
- Middle East & Africa (MEA)
- Latin America
Available Customizations
With the given market data, MarketsandMarkets offers customizations according to specific needs of companies. The following customization options are available for the report:
Product Analysis
- Product matrix, which offers a detailed comparison of the product portfolio of each company
Regional Analysis
- Further breakdown of the North America GFRG market
- Further breakdown of the Europe GFRG market
- Further breakdown of the Asia Pacific GFRG market
- Further breakdown of the Middle East & Africa GFRG market
- Further breakdown of the Latin America GFRG market
Company Information
- Detailed analysis and profiling of additional market players
The GFRG market is projected to reach USD 3.44 Billion by 2023, at a CAGR of 7.0% between 2018 and 2023. The growth of the GFRG market can be attributed to the increasing use of GFRG in construction activities, owing to their exceptional properties, such as aesthetic appeal, sound absorption, fire resistance, moisture resistance, and rapid construction.
The GFRG market has been segmented on the basis of type, application, end user, and region. Based on type, the GFRG market has been classified into Type X, Type C, and others. The Type X segment of the GFRG market is projected to grow at the highest CAGR during the forecast period, in terms of value and volume. Type X is the most commonly used material for the manufacturing of GFRG, owing to its easy availability, good temperature resistance, and low cost. The growth of the Type X segment can be attributed to the increasing adoption of Type X gypsum board in several construction projects, owing to their properties such as high strength, good temperature resistance, and rapid construction.
Based on application, the GFRG market has been classified into interior and exterior. The interior segment is expected to lead the GFRG market during the forecast period, in terms of value and volume. The growth of the interior segment can be attributed to the ability of GFRG to be used as loadbearing walls, partition walls, and others, which are economical. They are used in both residential and non-residential buildings.
Based on end user, the GFRG market has been segmented into residential and non-residential. The non-residential end user segment is projected to lead the GFRG market during the forecast period, in terms of value and volume. The growth of the non-residential end user segment can be attributed to the increased use of GFRG in non-residential buildings, such as offices, institutes, hospitals, gymnasiums, cinema theatres, museums, and auditoriums.
Europe is the largest market for GFRG, in terms of value and volume. The growth of the GFRG market in Europe can be attributed to the presence of leading GFRG manufacturers, such as Knauf Danoline (Denmark), Gillespie (UK), and the growth of the building & construction industry in the region. The GFRG market in MEA is projected to grow at the highest CAGR from 2018 to 2023, in terms of volume and value, owing to the increase in the number of construction activities in this region.
The high capital requirement for transportation of GFRG on the top of buildings to build high-rise buildings act as a key restraint for the growth of the GFRG market.
Formglas (US), USG Corporation (US), Chiyoda UTE (Tokyo), Continental Building Products (US), CertainTeed (US), Knauf Danoline (Denmark), Saint-Gobain Gyproc (France), and Georgia-Pacific (US) are the key players operating in the GFRG market. These players offer a wide range of GFRG to strengthen their competitive position and cater to the growing demand for GFRG from the building & construction industry.
Knauf Danoline (Denmark) is a major player in the GFRG market. The company is focused on expanding its product portfolio and gaining a competitive edge over other players in the GFRG market.
To speak to our analyst for a discussion on the above findings, click Speak to Analyst
Table of Contents
1 Introduction (Page No. - 14)
1.1 Objectives of The Study
1.2 Market Definition
1.3 Market Scope
1.3.1 Years Considered for the Study
1.4 Currency
1.5 Stakeholders
2 Research Methodology (Page No. - 17)
2.1 Research Data
2.1.1 Secondary Data
2.1.1.1 Key Data From Secondary Sources
2.1.2 Primary Data
2.1.2.1 Key Data From Primary Sources
2.1.2.2 Key Industry Insights
2.1.2.3 Breakdown of Primary Interviews
2.2 Market Size Estimation
2.2.1 Bottom-Up Approach
2.2.2 Top-Down Approach
2.3 Data Triangulation
2.4 Research Assumptions
2.5 Limitations
3 Executive Summary (Page No. - 25)
4 Premium Insights (Page No. - 29)
4.1 Attractive Opportunities in the GFRG Market
4.2 GFRG Market, By Type
4.3 GFRG, By End USE and Region
4.4 GFRG Market, By Application
4.5 GFRG Market, By Country
5 Market Overview (Page No. - 32)
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.1.1 High-Quality Material and Rapid Construction
5.2.1.2 Increase in Number of Construction Projects in Developed and Developing Economies
5.2.1.3 Need for Eco-Friendly and Cost-Effective Construction Products
5.2.2 Restraints
5.2.2.1 Very Less Manufacturing Plants in the Developing Countries
5.2.2.2 Difficulty in Transportation and Building High-Rise Buildings
5.2.2.3 Uncertainty in the Global Political Scenario
5.2.3 Opportunities
5.2.3.1 High Requirement in Natural Calamity Zones and Geographies Vulnerable to Political Unrest
5.2.3.2 Government Regulations on Building Products in Developing Countries
5.2.4 Challenges
5.2.4.1 Lack of Awareness About the Benefits and Unavailability of GFRG/Grg
5.2.4.2 Developing GFRG Manufacturing Plants in APAC and the MEA
5.3 Porters Five Forces Analysis
5.3.1 Threat of New Entrants
5.3.2 Threat of Substitutes
5.3.3 Bargaining Power of Suppliers
5.3.4 Bargaining Power of Buyers
5.3.5 Intensity of Competitive Rivalry
6 Macroeconomic Overview and Key Trends (Page No. - 38)
6.1 Introduction
6.2 Trends and Forecast of GDP
6.3 Per Capita GDP vs. Per Capita GFRG Demand
6.4 Trends and Forecast of the Construction Industry
7 GFRG Market, By Type (Page No. - 44)
7.1 Introduction
7.2 Type X
7.3 Type C
7.4 Others
8 GFRG Market, By Application (Page No. - 50)
8.1 Introduction
8.2 Interior
8.2.1 Wall
8.2.2 Ceiling & Floor
8.2.3 Column & Light Cover
8.3 Exterior
8.3.1 Wall
8.3.2 Cladding
9 GFRG Market, By End USE (Page No. - 55)
9.1 Introduction
9.2 Non-Residential Construction
9.2.1 Institutions
9.2.2 Hospitals
9.2.3 Offices
9.2.4 Airports
9.2.5 Others
9.3 Residential Construction
10 GFRG Market, By Region (Page No. - 61)
10.1 Introduction
10.2 North America
10.2.1 US
10.2.2 Canada
10.3 Europe
10.3.1 Germany
10.3.2 UK
10.3.3 France
10.3.4 Italy
10.3.5 Russia
10.3.6 Spain
10.3.7 Rest of Europe
10.4 APAC
10.4.1 China
10.4.2 India
10.4.3 Australia & New Zealand
10.4.4 Rest of APAC
10.5 Middle East & Africa (MEA)
10.5.1 UAE
10.5.2 Saudi Arabia
10.5.3 Oman
10.5.4 South Africa
10.5.5 Rest of MEA
10.6 Latin America
10.6.1 Brazil
10.6.2 Mexico
10.6.3 Argentina
11 Company Profiles (Page No. - 82)
11.1 Certainteed (Subsidiary of Saint-Gobain)
11.2 Saint-Gobain Gyproc
11.3 Continental Building Products
11.4 USG Corporation
11.5 Knauf Danoline A/S
11.6 Georgia-Pacific
11.7 National Gypsum Company
11.8 Yingchuang Building Technique Co. Ltd.
11.9 FACT - RCF Building Products Ltd.
11.10 American Gypsum
11.11 Formglas Products Ltd
11.12 Gillespie
11.13 Other Companies
11.13.1 Shanghai Chuncui Decoration Material Co., Ltd.
11.13.2 Stromberg Architectural
11.13.3 Rapidwall
11.13.4 Plasterceil Industries Pte Ltd
11.13.5 Chiyoda UTE Co., Ltd.
11.13.6 Owens Corning
11.13.7 Horizons Industrial Development Co. L.L.C.
11.13.8 Intexforms, Inc.
11.13.9 Fibrex
11.13.10 Gc Products, Inc.
12 Appendix (Page No. - 101)
12.1 Insights From Industry Experts
12.2 Discussion Guide
12.3 Knowledge Store: Marketsandmarkets Subscription Portal
12.4 Introducing RT: Real-Time Market Intelligence
12.5 Available Customizations
12.6 Related Reports
12.7 Author Details
List of Tables (69 Tables)
Table 1 Trends and Forecast of GDP, 20172022 (USD Billion)
Table 2 Per Capita GDP vs. Per Capita GFRG Demand, 2018
Table 3 Contribution of the Construction Industry in North America, USD Billion (20152022)
Table 4 Contribution of the Construction Industry in Europe, USD Billion (20152022)
Table 5 Contribution of the Construction Industry in APAC, USD Billion (20152022)
Table 6 Contribution of the Construction Industry in the Middle East, 20152022 (USD Billion)
Table 7 Contribution of the Construction Industry in Latin America, USD Billion (20152022)
Table 8 GFRG Market Size, By Type, 20162023 (USD Million)
Table 9 GFRG Market Size, By Type, 2016-2023 (Million Square Meter)
Table 10 Type X GFRG Market Size, By Region, 20162023 (USD Million)
Table 11 Type X GFRG Market Size, By Region, 2016-2023 (Million Square Meter)
Table 12 Type C GFRG Market Size, By Region, 20162023 (USD Million)
Table 13 Type C GFRG Market Size, By Region, 20162023 (Million Square Meter )
Table 14 Other GFRG Market Size, By Region, 20162023 (USD Million)
Table 15 Other GFRG Market Size, By Region, 20162023 (Million Square Meter )
Table 16 GFRG Market Size, By Application, 20162023 (USD Million)
Table 17 GFRG Market Size, By Application, 20162023 (Million Square Meter)
Table 18 GFRG Market Size in Interior Application, By Region, 20162023 (USD Million)
Table 19 GFRG Market Size in Interior Application, By Region, 2016-2023 (Million Square Meter)
Table 20 GFRG Market Size in Exterior Application, By Region, 20162023 (USD Million)
Table 21 GFRG Market Size in Exterior Application, By Region, 20162023 (Million Square Meter)
Table 22 GFRG Market Size, By End USE, 20162023 (USD Million)
Table 23 GFRG Market Size, By End USE , 20162023 (Million Square Meter)
Table 24 GFRG Market Size in Non-Residential Construction, By Region, 20162023 (USD Million)
Table 25 GFRG Market Size in Non-Residential Construction, By Region, 20162023 (Million Square Meter)
Table 26 GFRG Market Size in Residential Construction, By Region, 20162023 (USD Million)
Table 27 GFRG Market Size in Residential Construction, By Region, 20162023 (Million Square Meter)
Table 28 GFRG Market Size, By Region, 20162023 (USD Million)
Table 29 GFRG Market Size, By Region, 20162023 (Million Square Meters)
Table 30 North America: Glass Fiber Reinforced Gypsum Market Size, By Type, 20162023 (USD Million)
Table 31 North America: Glass Fiber Reinforced Gypsum Market Size, By Type, 20162023(Million Square Meters)
Table 32 North America: Glass Fiber Reinforced Gypsum Market Size, By Application, 20162023 (USD Million)
Table 33 North America: Glass Fiber Reinforced Gypsum Market Size, By Application, 20162023 (Million Square Meters)
Table 34 North America: Glass Fiber Reinforced Gypsum Market Size, By End USE, 20162023 (USD Million)
Table 35 North America: Glass Fiber Reinforced Gypsum Market Size, By End USE, 20162023 (Million Square Meters)
Table 36 North America: Glass Fiber Reinforced Gypsum Market Size, By Country, 20162023 (USD Million)
Table 37 North America: Glass Fiber Reinforced Gypsum Market Size, By Country, 20162023 (Million Square Meters)
Table 38 Europe: Glass Fiber Reinforced Gypsum Market Size, By Type, 20162023 (USD Million)
Table 39 Europe: Glass Fiber Reinforced Gypsum Market Size, By Type, 20162023 (Million Square Meters)
Table 40 Europe: Glass Fiber Reinforced Gypsum Market Size, By Application, 20162023 (USD Million)
Table 41 Europe: Glass Fiber Reinforced Gypsum Market Size, By Application, 20162023 (Million Square Meters)
Table 42 Europe: Glass Fiber Reinforced Gypsum Market Size, By End USE, 20162023 (USD Million)
Table 43 Europe: Glass Fiber Reinforced Gypsum Market Size, By End USE, 20162023 (Million Square Meters)
Table 44 Europe: Glass Fiber Reinforced Gypsum Market Size, By Country, 20162023 (USD Million)
Table 45 Europe: Glass Fiber Reinforced Gypsum Market Size, By Country, 20162023 (Million Square Meters)
Table 46 APAC: Glass Fiber Reinforced Gypsum Market Size, By Type, 20162023 (USD Million)
Table 47 APAC: Glass Fiber Reinforced Gypsum Market Size, By Type, 20162023 (Million Square Meters)
Table 48 APAC: Glass Fiber Reinforced Gypsum Market Size, By Application, 20162023 (USD Million)
Table 49 APAC: Glass Fiber Reinforced Gypsum Market Size, By Application, 20162023 (Million Square Meters)
Table 50 APAC: Glass Fiber Reinforced Gypsum Market Size, By End USE, 20162023 (USD Million)
Table 51 APAC: Glass Fiber Reinforced Gypsum Market Size, By End USE , 20162023 (Million Square Meters)
Table 52 APAC: Glass Fiber Reinforced Gypsum Market Size, By Country, 20162023 (USD Million)
Table 53 APAC: Glass Fiber Reinforced Gypsum Market Size, By Country, 20162023 (Million Square Meters)
Table 54 MEA: Glass Fiber Reinforced Gypsum Market Size, By Type, 20162023 (USD Million)
Table 55 MEA: Glass Fiber Reinforced Gypsum Market Size, By Type, 20162023 (Million Square Meters)
Table 56 MEA: Glass Fiber Reinforced Gypsum Market Size, By Application, 20162023 (USD Million)
Table 57 MEA: Glass Fiber Reinforced Gypsum Market Size, By Application, 20162023(Million Square Meters)
Table 58 MEA: Glass Fiber Reinforced Gypsum Market Size, By End USE, 20162023 (USD Million)
Table 59 MEA: Glass Fiber Reinforced Gypsum Market Size, By End USE, 20162023 (Million Square Meters)
Table 60 MEA: Glass Fiber Reinforced Gypsum Market Size, By Country, 20162023 (USD Million)
Table 61 MEA: Glass Fiber Reinforced Gypsum Market Size, By Country, 20162023 (Million Square Meters)
Table 62 Latin America: Glass Fiber Reinforced Gypsum Market Size, By Type, 20162023 (USD Million)
Table 63 Latin America: Glass Fiber Reinforced Gypsum Market Size, By Type, 20162023 (Million Square Meters)
Table 64 Latin America: Glass Fiber Reinforced Gypsum Market Size, By Application, 20162023 (USD Million)
Table 65 Latin America: Glass Fiber Reinforced Gypsum Market Size, By Application, 20162023 (Million Square Meters)
Table 66 Latin America: Glass Fiber Reinforced Gypsum Market Size, By End USE, 20162023 (USD Million)
Table 67 Latin America: Glass Fiber Reinforced Gypsum Market Size, By End USE, 20162023 (Million Square Meters)
Table 68 Latin America: Glass Fiber Reinforced Gypsum Market Size, By Country, 20162023 (USD Million)
Table 69 Latin America: Glass Fiber Reinforced Gypsum Market Size, By Country, 20162023, (Million Square Meters)
List of Figures (38 Figures)
Figure 1 GFRG: Market Segmentation
Figure 2 GFRG Market: Research Design
Figure 3 Market Size Estimation: Bottom-Up Approach
Figure 4 Market Size Estimation: Top-Down Approach
Figure 5 GFRG Market: Data Triangulation
Figure 6 Type X to Lead the GFRG Market Between 2018 and 2023
Figure 7 Non-Residential End USE Segment to Lead the Gfrp Market Between 2018 and 2023
Figure 8 UAE to Be the Fastest-Growing GFRG Market During the Forecast Period
Figure 9 Interior Application to Dominate the Market Between 2018 and 2023
Figure 10 Europe to Lead the GFRG Market Between 2018 and 2023
Figure 11 Increased Demand From Growing Construction Projects to Drive the GFRG Market Between 2018 and 2023
Figure 12 Type X GFRG to Dominate the Market Between 2018 and 2023
Figure 13 Non-Residential Segment Dominated the GFRG Market in 2017
Figure 14 Interior Application to Dominate the GFRG Market Between 2018 and 2023
Figure 15 UAE to Be the Fastest-Growing Market During the Forecast Period
Figure 16 Overview of Factors Governing the GFRG Market
Figure 17 GFRG Market: Porters Five Forces Analysis
Figure 18 Contribution of the Construction Industry in North America, USD Billion (2017 vs. 2022)
Figure 19 Contribution of the Construction Industry in Europe, USD Billion (2017 vs. 2022)
Figure 20 Contribution of the Construction Industry in APAC, USD Billion (2017 vs. 2022)
Figure 21 Contribution of the Construction Industry in the Middle East,USD Billion (2017 vs. 2022)
Figure 22 Contribution of the Construction Industry in Latin America, USD Billion (2017 vs. 2022)
Figure 23 Type X to Dominate the GFRG Market Between 2018 and 2023
Figure 24 Europe to Lead the Type X Segment, Between 2018 and 2023
Figure 25 Europe to Lead the Other GFRG Market Between 2018 and 2023
Figure 26 Interior Application to Dominate the GFRG Market Between 2018 and 2023
Figure 27 Europe to Lead the GFRG Market in Interior Application,
Figure 28 Non-Residential Construction to Lead the GFRG Market Between 2018 and 2023
Figure 29 MEA to Be Fastest-Growing GFRG Market in Non-Residential Construction, 20182023
Figure 30 Europe to Lead the GFRG Market in Residential Construction Between 2018 and 2023
Figure 31 UAE to Be the Fastest-Growing GFRG Market Between 2018 and 2023
Figure 32 North America: GFRG Market Snapshot
Figure 33 Europe: GFRG Market Snapshot
Figure 34 APAC: GFRG Market Snapshot
Figure 35 Continental Building Products: Company Snapshot
Figure 36 Continental Building Products: Swot Analysis
Figure 37 USG Corporation: Company Snapshot
Figure 38 USG Corporation: Swot Analysis
Growth opportunities and latent adjacency in GFRG (Glass Fiber Reinforced Gypsum) Market