Glass Fiber Reinforced Gypsum Market Report

Market Insights

“The GFRG (glass fiber reinforced gypsum) market size was US$ 11.8 Billion in 2023 and is likely to grow at an impressive CAGR of 8.7 % in the long run to reach US$ 25.2 Billion in 2032”.

Market Dynamics

Market Segments' Analysis

By Type

“Type X is expected to remain the dominant type in the market during the forecast period.”

• The GFRG (glass fiber reinforced gypsum) market is segmented into Type X, Type C, and Others.
• Type X GFRG has enhanced fire rating and is widely used in areas with considerations to safety, for instance, in tall structures and business premises.
• Due to its high capability to provide compliance with fire safety codes and building codes, it is widely used in construction projects.
• Recommended for both residential and industrial use, the Can tree can be applied to walls, ceilings, and partitions. High-rise buildings and commercial spaces.

By Application

“Interior segment is expected to remain dominant application in the market during the forecast period.”

• The GFRG (glass fiber reinforced gypsum) market is segmented into interior and exterior.
• The interior segment takes more than half of the entire market because of an increasing number of design needs for ceilings, wall panels, and partitions.
• Due to its better fire-resisting and waterproofing characteristics, GFRG is used for internal applications specifically in commercial and residential construction.
• The growth that results in more buildings rising in strategic areas boosts interior usage of commodities with attributes such as GFRG which are lightweight and durable.
• Its simple design and light weight make it easy to install with little construction time and cost implication due to the flexibility in form of design as observed in GFRG, and partitions.

By End-User

“Non-residential is expected to remain dominant end user in the market during the forecast period.”

• The GFRG (glass fiber reinforced gypsum) market is segmented into residential and non-residential.
• Other buildings consisting of offices, malls, and hotels among others need safe and fire-resistant building materials like GFRG for this reason.
• The good light weight also enhances its use ‘non-residential ’demand as more investment is registered by the government and various stakeholders in aspects including airport infrastructure, hospitals, and schools and colleges respectively.
• Increased regulation on the prevention of fire outbreaks particularly non-residential constructions compels the use of GFRG, especially the Type X.
• Many commercial structures have complicated layouts, and the unique GFRG characteristics of the material ensure that it conforms to architectural and performance criteria for interior spaces and investment in public infrastructure projects, including airports, hospitals, and educational institutions, boosts demand for GFRG in non-residential applications.

Regional Analysis

“Europe is expected to remain the largest market for GFRG (glass fiber reinforced gypsum) market during the forecast period.”

• Europe's strict fire safety and environmental regulations drive the adoption of fire-resistant and sustainable materials like GFRG in construction.
• In the recent past, the region has placed emphasis on practicing green building and energy conservation, which means that there is a need to adopt GFRG as one of the green building products.
• Increasing the construction of infrastructure projects in various sectors including health, education, and business enterprises make GFRG popular in the European market.
• Acceptance of modern construction techniques and advanced available technologies in Europe’s construction industry also makes the distribution of innovative materials, for instance, GFRG common across the area and infrastructure projects in sectors like healthcare, education, and commercial spaces contribute to the dominance of GFRG in the European market.

Key Players

The following are the key players in the GFRG (glass fiber reinforced gypsum) market.

Here is the list of the Top Players (Based on Dominance)

• USG Corporation
• Formglas
• CertainTeed
• American Gypsum
• Knauf Danoline
• Saint-Gobain Gyproc
• Georgia-Pacific

Note: The above list does not necessarily include all the top players of the market.

Are you the leading player in this market? We would love to include your name. Write to us at [email protected]

Report Features

This report provides market intelligence most comprehensively. The report structure has been kept such that it offers maximum business value. It provides critical insights into market dynamics and will enable strategic decision-making for existing market players as well as those willing to enter the market. The following are the key features of the report:

• Market structure: Overview, industry life cycle analysis, supply chain analysis.
• Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis.
• Market trend and forecast analysis.
• Market segment trend and forecast.
• Competitive landscape and dynamics: Market share, Service portfolio, New Product Launches, etc.
• COVID-19 impact and its recovery curve.
• Attractive market segments and associated growth opportunities.
• Emerging trends.
• Strategic growth opportunities for the existing and new players.
• Key success factors.

The global GFRG (glass fiber reinforced gypsum) market is segmented into the following categories. 

GFRG (Glass Fiber Reinforced Gypsum) Market, by Type

• Type X (Regional Analysis: North America, Europe, Asia-Pacific, and Rest of the World)
• Type C (Regional Analysis: North America, Europe, Asia-Pacific, and Rest of the World)
• Others (Regional Analysis: North America, Europe, Asia-Pacific, and Rest of the World)

GFRG (Glass Fiber Reinforced Gypsum) Market, by Application

• Interior (Regional Analysis: North America, Europe, Asia-Pacific, and Rest of the World)
• Exterior (Regional Analysis: North America, Europe, Asia-Pacific, and Rest of the World)

GFRG (Glass Fiber Reinforced Gypsum) Market, by End User

• Residential (Regional Analysis: North America, Europe, Asia-Pacific, and Rest of the World)
• Non-Residential (Regional Analysis: North America, Europe, Asia-Pacific, and Rest of the World)

GFRG (Glass Fiber Reinforced Gypsum) Market, by Region

• North America (Country Analysis: The USA, Canada, and Mexico)
• Europe (Country Analysis: Germany, France, The UK, Russia, and Rest of Europe)
• Asia-Pacific (Country Analysis: Japan, China, India, and Rest of Asia-Pacific)
• Rest of the World (Country Analysis: Brazil, Saudi Arabia, and Others)

Research Methodology

• This strategic assessment report from Stratview Research provides a comprehensive analysis that reflects today’s GFRG (glass fiber reinforced gypsum) market realities and future market possibilities for the forecast period. 
• The report segments and analyzes the market in the most detailed manner in order to provide a panoramic view of the market.
• The vital data/information provided in the report can play a crucial role for market participants as well as investors in the identification of the low-hanging fruits available in the market as well as to formulate growth strategies to expedite their growth process.
• This report offers high-quality insights and is the outcome of a detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders, and validation and triangulation with Stratview Research’s internal database and statistical tools.
• More than 1,000 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles, have been leveraged to gather the data.
• We conducted more than 15 detailed primary interviews with market players across the value chain in all four regions and industry experts to obtain both qualitative and quantitative insights.