Glass Fiber Reinforced Gypsum Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | > 3.00 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | Europe |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Glass Fiber Reinforced Gypsum Market Analysis
The market for Glass Fiber Reinforced Gypsum is expected to grow at a CAGR of over 3% during the forecast period. Major factors driving the market studied are increasing application in interior designing and growing demand due to less installation cost. Dearth of awareness among consumers are expected to hinder the growth of the market studied.
- Application of Glass Fiber Reinforced Gypsum in residential sector dominated the market and is expected to grow during the forecast period owing to the increasing usage as ceilings, domes, custom shapes and other structures in constructing houses.
- Europe dominated the market across the globe with the largest consumption from the countries such as Germany, France, and Italy.
Glass Fiber Reinforced Gypsum Market Trends
This section covers the major market trends shaping the Glass Fiber Reinforced Gypsum Market according to our research experts:
Increasing Demand from Residential Sector
- Glass Fiber Reinforced Gypsum (GFRG) is an interior alternative to GFRC (Glass Fiber Reinforced Concrete). GFRG is a reinforced gypsum product having high strength with lighter weight for interior projects. It is also used as medallions, intricate moldings and decorative pieces to dress up the ceilings and walls of buildings.
- The application of glass fiber reinforced gypsum has been increasing over the recent years. The molds are designed to create shapes and integrated supports that enhance the overall look and design of a room.
- As gypsum is a mineral, glass fiber reinforced gypsum doesn't burn and in addition it acts like a thermal regulator when exposed to flame. It protects the materials behind it from the heat of the flame for up to two hours.
- More than 50,000 affordable homes will be built in Greater Manchester by 2038 under new plans to tackle the region's "housing crisis" creating a major scope for the application of these low-cost and highly efficient glass fiber reinforced gypsum as an interior alternative.
- Residential sector dominated the use of glass fiber reinforced gypsum. United States leads in the usage of glass fiber reinforced gypsum followed by Germany, China, India and France.
Europe Region to Dominate the Market
- Europe region is expected to dominate the market for glass fiber reinforced gypsum during the forecast period. With growing demand from countries such as United Kingdom, Germany, Italy, and France, the utilization of glass fiber reinforced gypsum is increasing in the region.
- The largest producers of glass fiber reinforced gypsum are located in Europe. Some of the leading companies in the production glass fiber reinforced gypsum of are Knauf Danoline A/S, Gillespie, Saint-Gobain Formula GmbH, AWI Licensing LLC, CHIYODA UTE CO.LTD.
- Because of the best application of glass fiber reinforced gypsum that its use reduces the construction and maintenance cost, resistance to high impacts, the demand for glass fiber reinforced gypsum has been increasing.
- According to government of United Kingdom, about 1.5 million new houses are planned to be constructed by 2022, increasing the demand for light weight material like GRFG.
- The aforementioned factors, coupled with government support, are contributing to the increasing demand for glass fiber reinforced gypsum during the forecast period.
Glass Fiber Reinforced Gypsum Industry Overview
The glass fiber reinforced gypsum market is fragmented with players accounting for a marginal share of the market. The major companies include Knauf Danoline A/S, Gillespie, Saint-Gobain Formula GmbH, AWI Licensing LLC, and CHIYODA UTE CO.LTD.
Glass Fiber Reinforced Gypsum Market Leaders
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KNAUF DANOLINE A/S
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Gillespie
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Saint-Gobain Formula GmbH
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AWI Licensing LLC
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CHIYODA UTE CO.LTD
*Disclaimer: Major Players sorted in no particular order
Glass Fiber Reinforced Gypsum Market Report - Table of Contents
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1. INTRODUCTION
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1.1 Study Assumptions
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1.2 Scope of the Study
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2. RESEARCH METHODOLOGY
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3. EXECUTIVE SUMMARY
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4. MARKET DYNAMICS
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4.1 Drivers
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4.1.1 Growing Demand Due to Less Installation Cost
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4.1.2 Increasing Application in Interior Designing
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4.2 Restraints
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4.2.1 Dearth of Awareness Among Consumers
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4.2.2 Other Restraints
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4.3 Industry Value Chain Analysis
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4.4 Porter's Five Forces Analysis
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4.4.1 Threat of New Entrants
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4.4.2 Bargaining Power of Buyers
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4.4.3 Bargaining Power of Suppliers
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4.4.4 Threat of Substitute Products
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4.4.5 Degree of Competition
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5. MARKET SEGMENTATION
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5.1 End-user Industry
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5.1.1 Residential
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5.1.2 Non-Residential
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5.1.2.1 Commercial
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5.1.2.2 Institutional
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5.1.2.3 Others
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5.2 Application
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5.2.1 Exterior
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5.2.2 Interior
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5.3 Geography
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5.3.1 Asia-Pacific
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5.3.1.1 China
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5.3.1.2 India
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5.3.1.3 Japan
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5.3.1.4 South Korea
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5.3.1.5 Rest of Asia-Pacific
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5.3.2 North America
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5.3.2.1 United States
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5.3.2.2 Canada
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5.3.2.3 Mexico
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5.3.3 Europe
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5.3.3.1 Germany
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5.3.3.2 United Kingdom
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5.3.3.3 France
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5.3.3.4 Italy
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5.3.3.5 Rest of Europe
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5.3.4 South America
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5.3.4.1 Brazil
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5.3.4.2 Argentina
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5.3.4.3 Rest of South America
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5.3.5 Middle-East and Africa
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5.3.5.1 Saudi Arabia
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5.3.5.2 South Africa
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5.3.5.3 Rest of Middle-East and Africa
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6. COMPETITIVE LANDSCAPE
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6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
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6.2 Market Share/Ranking Analysis**
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6.3 Strategies Adopted by Leading Players
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6.4 Company Profiles
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6.4.1 AWI Licensing LLC
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6.4.2 CHIYODA UTE CO.,LTD
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6.4.3 Formglas Products Ltd
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6.4.4 GC Products, Inc.
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6.4.5 Gillespie
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6.4.6 GP Industrial Plasters LLC
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6.4.7 Knauf Danoline A/S
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6.4.8 Saint-Gobain Formula GmbH
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6.4.9 Stromberg Architectural
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6.4.10 USG Corporation
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- *List Not Exhaustive
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7. MARKET OPPORTUNITIES AND FUTURE TRENDS
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7.1 Increasing Demand for Eco-Friendly Products.
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7.2 Other Opportunities
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Glass Fiber Reinforced Gypsum Industry Segmentation
The Glass Fiber Reinforced Gypsum market report include:
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| Residential | |||||
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| Application | |
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| Interior |
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Glass Fiber Reinforced Gypsum Market Research FAQs
What is the current Glass Fiber Reinforced Gypsum Market size?
The Glass Fiber Reinforced Gypsum Market is projected to register a CAGR of greater than 3% during the forecast period (2024-2029)
Who are the key players in Glass Fiber Reinforced Gypsum Market?
KNAUF DANOLINE A/S , Gillespie , Saint-Gobain Formula GmbH , AWI Licensing LLC and CHIYODA UTE CO.LTD are the major companies operating in the Glass Fiber Reinforced Gypsum Market.
Which is the fastest growing region in Glass Fiber Reinforced Gypsum Market?
Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029).
Which region has the biggest share in Glass Fiber Reinforced Gypsum Market?
In 2024, the Europe accounts for the largest market share in Glass Fiber Reinforced Gypsum Market.
What years does this Glass Fiber Reinforced Gypsum Market cover?
The report covers the Glass Fiber Reinforced Gypsum Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Glass Fiber Reinforced Gypsum Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Glass Fiber Reinforced Gypsum Industry Report
Statistics for the 2024 Glass Fiber Reinforced Gypsum market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Glass Fiber Reinforced Gypsum analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
